Farm and Commercial Section

Dominion, Volume 22, Issue 138, 7 March 1929, Page 14

Farm and Commercial Section

AUCTION SALES i'O-DAY. Dannevirke stock sale. Martinborough stock sale.. TO-MORROW. ]Teilding, 11, a.ni. —Sale of land, Sanson Road (Levin and Co.) 118 Courtenay Place,- 10 a.in. —Sale of shop fittings (E. Johnston and Co.) 16S Cuba Street, 1 p.m.—Sale of tobacconist stock (E. Johnston and Co.) Corporation Yards, 2.30 pan.—Sale of unclaimed dogs (W.C.C.) WHEAT IN NORTH OTAGO CROPS GENERALLY BELOW EXPECTATIONS Dominion Special Service. Dunedin, March 6. Renorts regarding the wheat yield ip North Otago vary considerably in tfie ditferent localities. Estimates from Hakataramea Valley indicate that the yield in that district will be from 15 to 20 bushels ner acre less than last year. ' The best of the crops have not produced more than 40 bushels to the acre. The only part of North Otago in which the crops have exceeded expectations is at Tokarahi, where the yields have been particularly good. One farmer in that locality has secured 50 bpshels to the acre of velvet wheat.

LATEST REPORTS from ALL CENTRES

PRODUCE MARKETS BUTTER AND CHEESE Messrs. Dalgety and Company report having recpived advlee from their London office, dated March 5, as follows:—“Cheese market slow. We quote New Zealand, 88s. to 80s.” FROZEN MEAT SHIPMENTS FROM SOUTH AMERICA. The New Zealand Meat Producers 1 Board has received a cablegram from its representative at Buenos Aires, South America, advising the following shipments to the United Kingdom for the fortnight ended February 28, from Argentine and Uruguay:—27B,3oo quarters chilled beef; 2700 quarters frozen beef; 61,782 carcasses frozen mutton; 1(51,580 carcasses frozen lamb. The quantity shipped to the Continent of Europe during tjie same period was as f0110w:—124,250 quarters frozen beef; 27,806 carcasses frozen mutton; 1500 carcasses frozen lamb. SYDNEY WOOL SALES Australian Press Association. (Rec. March 6, 9.30 p.m.) Sydney, March 6. At the wool sales 11,916 bales were sold. There was good general competition, and the market was very firm at the best rates of the week for all Merino descriptions. Greasy merino sold to 2Cid. LONDON WOOL SALES POSTPONED The Loan and Mercantile Agency Co., L{d„ have received advice from their London house, under date March 5, that the opening of the second series of tVool sales was postponed owing to fog. . Other brokers have received similar intimations. WHOLESALE PRODUCE PRICES ’’ Messrs. Laery and Co., Ltd., advise current prices as follow:—Wheat; 6s. 7d. to 7s. Id. bushel, sacks in, for ten sack lots or over. Smaller quantities 2d. bushel extra. Oats: Machipe-dressed. Algerians, ss. 2d.; feed Gartons, 3s. 7d. to 4s. Id.; crushed Gartons, 4s. fid.; clipped Gartons, 4s. lOd.; cheap oats, 2s. Bd.; shelled oats, ss. and ss. 3d. bushel, sacks in. Barley: Cape, 55.; Chevalier, ss. 3d. bushel. Mixed fowl feed: 6s. bushel, less than five-sack lots, 6s. 3d. bushel, sacks in. Peas: Part, ridge peas, 6s- 6d. bushel, sacks In. Maize: Australian crushed maize, ss. lid.; New Zealand whole, 6s. fid., less than ten sack lots, 2d. bushel extra, Bran: Half ton lots or over. £8 10s.; smaller lots, 9s. per 1001 b. Pollard: Half-ton lots or over, £10; smaller lots, 10s. GJ. per 1001 b. Agricultural salt: Ton lots, £5, less than ton lots. ss. 6d. cwt. Meals: Farro food, £10; barley meal, £9; peameal, £10; plgmeal, £8 55.; less than half-top lots, IQs. extra, Granulated charcoal for poultry: I4s. 9d. per 501 b. bag. Grit: Oyster or pipi, five bag lots, ss. bag; lesser quantities, ss. 6d. bag. ’'•Molasses: In cases about scwt„ 425. Od. each; in cases, 2/5(llb. tins, 10s. 6d. case. Black Leaf 40: 101 b. tins, 555.; 11b. tins, 14s. 6d. each; 41b. hotties, ss. each; loz., 14s. 6d. dozen. Rock salt: Ton Jots, £6; lessor lots, 6s. 6d. ewt- Basic Slag: For delivery April/.Tune, 1029. 17/20 per cent., £4 10s., 20/22 per cent., £5 per ton; less than truek lots, 2s. 6d. ton extra. Superphosphates: 44/46 per cent., 6s. 6d. cwt. Peanuts: Java shelled, 4Jd. per lb.; Chinese, in shell. 4Jd. lb.; less than sack lots, Jd. lb. extra. Chaff: Prime Blenheim, £7 15s. per ton; smaller quantities, Bs. fid, cwt., sacks in. Eggs: Fresh, 2s. to 2s. 2d. per dozen. Butter: Dairy pats and bulk. Is. Id. to Is. 3d. per lb. Pigs: 60s. to 905.; 6d. to 7d. per lb. Fowls: White Leghorns, 4s. to 4s. 6d. per pair; Black Orpingtons, 6s. to 7s. 6d. per pair. Turkeys: Live or dead, Is. to Is. 3d. per lb. Ducks: Runners, youqg, 9s. to Ils.; old, ss. to 6s. per pair. LIVE STOCK SALES ADDINGTON By Telegraph,—Press Association. Christchurch. March 6. The Addingtop market entries all round were smaller to-day, particularly of the store sheep carry-over. Lambs firmed by about a shilling per head, and fat cattle by 2s. Gd. per 1001 b., whilst fat lambs and fat sheep sold at recent values. Store Sheep.—The bulk* of the adult entry were North Island ewes, which sold at an improved price on last week of about 2s. 6d. per head. The splendid ruin was a factor in firming the market, local ewes improving by 3s. Medium to good rape lambs made from 225. Od. to 2as.; good mixed sex lambs, 225. to 255.; medium mixed sex lambs, 19s. 6d. to 21s. 6d.; inferior mixed sex lambs, to 175.; extra good ewe lambs, to 31s. Bd.; medium ewe lambs, 255. 6d. to 275.; ordinary ewe lambs, 235. to 255.; good wether lambs, 225. 6d. to 245. Gd.; ordinary wether lambs, 20s. to 225.; inferior wether lambs, 14s. fid. to 195.; extra good two-tooth Romney cross ewes, 80s. 3d. to 415.; good’two-tooth Romney cross ewes, 355. to 375. 6d.; ordinary two-tooth Romney cross ewes, 31s. to 3(5.; extra good four-tooth liompey cross ewep, to 395. fid.; medium four-tooth Romney cross ewes, Jo 345.; ordinary four, six and eight-tooth Romney cross ewes, 275. to 295,; inferior four, six and eight-tooth Romnoy cross ewes, 235, to 255.; good twotopth halfbred ewep, to 405.; ordinary (wo-* tooth halfbred ewes, to 335.; extra good four-tooth halfbred ewes, 38s. to' 415.; medium to good four, six and eight-tooth halfbred ewes, 325. 6d. to 355.; ordinary four, six and eight-tooth halfbred ewes, 28s. Gd. to 315.; sound-mouth halfbred ewes, 255, to 375.; sound apt} failing mouth halfbred ewes, 225. to 245.; extra gopd twotopth three-quarter-bred ewes, tc 405,; good four, six and eight-tooth three-quarter-bred ewes, to 345.; ordinary four, six" and eight-tooth three-quarter-bred ewes, to 295.; ordinary two-tootli crossbred ewes, to 335.; medium to good four, six and eight-tooth crossbred ewes, 31s. to 335. Cd.; ordinary four, six and eighttooth crossbred ewes, 2f?s. to 28?. 6d.; aged crossbred ewes, 14s. 6d. to 18s.; good' halfbred wether?, 245. to 265. Fat lambs: One thousand twp hupdred were penned. There was a good sale at schedule rates. Extra prime lambs made to 335. 7d.; prime, 20s. to 325.: medium, 265. 6d. to 28s. 6d.; light, 245. 60. to 20s, Fat Sheep: A small entry of eight races, and mostly of ipdjftergnt quality. A firm sale at schedule rates, exporters buying a good deal of lighter sheep. Extra prime wethers made to 365.; prime w et bers, 3QBto 325. 6d.; medium wethers, 275. 3d. to 295. 6d.; light wethers, 255. to 275.; extra prime ewes, to 345. lOd.; prime ewes, 245. Gd. to 295.: medium ewes, 21s. to 245.; light ewes, 18s. Gd.'to 20s. fid.: aged ewes, 16s. to 18s. Fat Cattle.—A small entry of 300 head, of which 100 was station line; an improved sale by about 20s. per head. Best beef made 435. to 465. per 1001 b.; medium, 395, to 425. 6d.; heavy, 38s. (|d. to 395. (Id.; good cow and medium heifer, 375. Gd. to 415.; plain cow, 345. to 375.: and rough down to 335.; extra prime heavy steers, to £2O 17s. Gd.; prime heavy steers, £l7 ss. to £l9 55.; prime medium weight steers, £l6 to £18: medium quality steers, £l2 10s. to £l5 10s.; light steers, £9 to £l2; extra prime heifers to £l6 7s. Gd.; prime heifers, £l2 15s. to £l5; medium heifers, £lO 10s. to’£l2 10s.; light heifers, £7 10s. to £10; extra prime cows, to £1(1 2s. 6d.; prime cows, £l2 to £l4 55.; medium cows, £9 15s. to £ll IBs.; light and aged cows, £7 2s. 6d. to £9 10s. Vealers. —A small entry and good sale. Twelve to elghteen-mopths’ sort? made to £9 Is.; vealers, £4 ss. to £8; calves, 255. to £3. Store Cattle. —A small entry and good demand. One line of 36 yearling steers made £4 18s.; good cows, £5 to £6 (|H.; others, 30s, to £4 10s.; bulls, £4 to £8 Bs. Gd.; yearling to two-year-old steers. £4 18s. to £6 ss. Dairy Cattle. —Forty-two head were pened. Good sorts sold well; good second to fourth culvers made to £10; medium, £8 10s. to £l2; Inferior sorts, £G to £8 55.; good heifers tn £l2: others. £5 to £B. Fat Pigs,—A medium entry and slack sale; choppers to £4 18s. Gd.; baconers,

£3 to £4 2s. Od.; extra heavy, to £4 Bs. 6d., average per lb. sd. to 6)d.; porkers, 42s to 50s. Gd., average per lb. 7d, to 7id. Store Pigs.—A medium entry and decline in values; weaners, ss. to 10s.; stores, Hs. to 205.; large, 235. to 285.; extra large to 335. BURNSIDE By Telegraph.—Press Association. Dunedin, March 6. Fat cattle were sold at cheaper rates at the Burnside sales to-day, but an improved demand for sheep and lambs met with good competition, while in the store cattle section cows were cheaper. Fat Cattle.—A yarding of 239, consisting of fair sorts; bullocks were well intermixed, with good heifers and cows and a few heavy cattle. Competition for the best qualities was good at from par to os. cheaper than last week. Heavy bullocks, £l7 to £2O; medium, £l5 to £l6 10s.; light £l2 15s. to £l3 10s.; heavy heifers, £l3 15s. to £l4 17s. Gd.; medium, £ll 10s. to £l2 155.; light, £9 ss. to £lO las.; heavy cows, £l2 to £l3; medium, £lO 15s. to £ll 55.; light, £9 ss. to £lO. Fat Sheep.—All quantities were Included in yarding of 1740. The tone and demand Were both better, and heavy wethers improved from Is. to Is. Gd. Light prime wethers were unchanged, and ewes were down from 2s. 3d. a head. Heavy wethers, 425. to 445.; prime, 365. to 395.; light prime, 28s. to 31s. Gd.; best ewes, 295. to 315.: good sorts, 235. to 255.; medium, 19s. to 21s. , Fat .Lamb?,—A yarding Of 482 was made up of fair mixed qualities with some unfinished. Competition was much the same as usual. Best lambs. 315.; prime, 275. Gd. to 28s. 9d.; unfinished, 225. to 245. Gd. Store Cattle.—A full yarding, Including 00 two, three and four-year-old well-bred bullocks, the balance being made up of cows and mixed yearlings. Competition for steers was fair, and cows sold at cheaper rates. Three and four-year-old bullocks brought to £l4 ss. Pigs,—About 101 fats and 67 stores were yarded. Porkers at 7s. 6d. were cheaper and baconers were unchanged. The b4st of stores met with a slow sale at last week’s values. WOODVILLE. Messrs. Wright, Stephenson and Co.. Ltd,, report having yarded about -300 Sheep and a good entry of cattle and pigs to a large and representative attendance of buyers from the Manawatu and purrounding districts at Woodville on Monday last. Bidding was very keen on all classes of stock throughout the sale, and they sold their whole yarding under the hammer at very satisfactory prices, ranging as follows: —Two-tooth ewes, 275. 6d., 295., 325. Gd., 335„ 335, Id. to 335. 10d.; small two-tooths, 225.; four-tooth ewes, 285., 31s. 9d. to 335.; four-tooth ewes, 285., 31s 9d. to 335.; four and six-tooth ews, •’Bs. to 335. Gd.; four-tooth and five-year ewes, 245. Od., 275. to 285.; four aud five, year ewes, 225. to 255. Bd.; aged ewes, 12s. Gd. to 235.; fat ewes, 20s. 7d.; b.f. rape lambs, Ifls. 7d. to 19s. Gd.; Southdown rains, one and two-shear, 6, 7 and Bgns.; full-mouth, 2Jgus.; Romney ramg, oneshear, IJgns.; heifers with calves at toot, £6 10s.; yearling heifers, £4 2s. to £4 18s.; weaner heifers, £2 25., £2 Bs. fo £3 10s.;- forward cows, £5 17s. Gd.; fat cows, £7 10?. to £7 155.; bulls, £5 7s. 6d. to £8 7s. 6d.; weaner pigs, 6s. to 13s. Gd.; slips, 21s. MASTERTON. The New Zealand Loan and Mercantile Agency Company, Ltd., report on yesterday’s Masterton sale as follows:—A good entry of all closes of sheep came forward, medium class ewes maintaining late rates, but the better classes of young ewes were much easier than at previous sales. Our offering comprised a few peps only of good class young ewes and rams, all lines selling at auction. We report: Two-tooth ewes on account W. H. Buick and Son, 295. to 365,; other small lines, 30s. to 375. Gd.; f.m. Romney ewes, 275.; pure-bred m.a. Southdown ewes, Hgns.; s.m. ewes, 25?.; shearling Southdown rapis, 5, Of to 7gns.; 11 shearling Romney rams, on account Adam McKay, 4J, 6 to Pgns. „ New Zealand Farmers’ Co-operative Distributing Company, Ltd., report on the Masterton sale as follows:—We had a good yarding of sheep and large entry of pigs. Competition for all lines of sheep was on a par with the previous week’s sale, and we disposed of our whole entry at the following prices:—Five-year ewes (medium), 21s, to 21s. Bd.; two-tooth ewes, 325.; four-tooth ewes, 31s. 6d.; aged ewes, 14s. to 17s. Bd.; cull ewes, Ils.; four-tooth to foyr-year ewes, 255. 3d.; good b.f. lambs, 19s. 4d- to IPs. 10d-; fat ewes, IPs. 7d.; fat wethers, 2Ps. 5d.; Romney rams, £3 35.; Southdown rams, 3gns. to sJgus.; weaner pigs, 7s. to 15s. Messrs. Wright, Stephenson and Co,, Ltd., report tl;at another fair yarding of sheep came forward, comprised chiefly of breeding ewes, at the Masterton sale. It was noticeable that the quality of the sheep offered was not up to those of the previous week. Nevertheless there was a very keen demand, buyers, no doiibt, wishing to fill their demands without further delay. Wo made a total clearance as follows; —Two-tooth ewes, 325. to 345.; s.m. ewes, 225, to 245. 6d.; five-year ewes, 245. 7d. to 265.; two-tooth wethers, 275.; Southdown rams, 6Jgns. to 7gus.; Lincoln rams, sgns. to 6gns.; aged Romney rams, ligns. Messrs. Dalgety apd Company, Ltd,, report on the Masterton stock sale as follows:—A good yarding of sheep was submitted t.o a large gathering of buyers. There was a keen demand throughout the pale for all classes of sheep with prices pn a par with recent sales. Following is the range of prices:—On account P. M. Compton, two-tooth ewes, 405.; on account R. Bqick, two-tooth ewes, 375.; on account Springhill Station, two-tooth ewes, 355.; on account Matahiwi Estate, two-tooth ewes, 335. to 355. lOd.; on account Manawa Station, four and six-tooth ewes, 30s. 5d., five-year ewes, 25?. 4d.; on account I. D. Balfour, five-year ewes. 255. 3d.; s.jn. ewes, 235. 5d.; on account Mrs. N, J. Lges, s.m. ewes, 235. od. Tlje Wairargpa Farmer? 1 Co-operative Association report having held their weekly Masterton sale yesterday, when they offered a full yarding of 2600 sheep, comprising mostly breeding ewes, to a good attendance of local buyers. Prices were well up to recent quotations and the firm made a clearance under the hammer at the following prices:—A good line of 200 s.m.’ ewe? on account Kumukumu Station made the good Price of 265. Bd. Another run of the same line of 377 ewes made 265. Other prices were as follow: 379 ?.m. ewes, 245. 9d.; 250 5-year ewes, 235. 7d.; 136 ditto, 225. 6d.; 108 ditto, 235. 2d.; 166 6-tooth ewes (small), 295. 9d.; aged ewes, 17s. to 215.; m.a. ewes, 25?.; m s. lambs (small), 13s. 4d. to 155.: shorn wether lambs, 17s. 4d.; 2-tooth wethers, 275; to 28s. 2d.: Southdown ram?, 6gns. to 7gns. PAHIATUA EWE FAIR, The W.F.C.A. report on their Pahlatua supplementary ewe fair as follows:—The yarding came forward well up to advertised numbers. Farmers were present from Manawatu, Feilding, Dannevirke, and Masterton. Bidding was spirited throughout.' Tfie total clearance was effected under the hammer at satisfactory prices. Mr. J. Bredds, who topped the market at the, previous ewe fair, with his five-year ewes, again led the market at the supplepientar.v fair to-day, with his four-year ewes, at 31s. Bd. Sale? were as follow: —On account of W. Mitchell, 158 two-tooth ewes, 32?. 7d.; on account of J. Bredds, 287 fpur-year ewes, 21s, Bd.; cm account of Saunders Estate, 380 four-year ewes, 28s. 7d., 5 four-year ewes, 255. 2d.; on account A. Egglington. 64 five-year ewes, 255, Id,; on account T. Prinkwatar, g 9 four and five-year ewes. 255.; on account Murphy Bros., 98 five-year ewes, 2Gs. Sd.; on account E, S. Heckler, fouryear ewes, 28s. 3d.: on account W. G. Parker, 32 at 275. 4d.; on account R. B. Robertson, 162 at 215., 161 lambs at 16s. 4d.; on account Saunders Estate, 2QB shorp cull m.s., 12s. We quote two-tooth wethers at 245. and 255.; two-tooth ewes, 235., 325. 7d. and 31s Bfi.; four and five-year ewes, 245„ 255. to 28?. 3d.; shorn b.f. lambs, 17s. 2d.; woolly b.f. lambs, 16s. 4d. and ?ls.; shorn wetfier lambs, 175.; shorn m.s. cull lambs, Ils. and 125.; Southdown lambs. £2 os., £3 10s., £4, £5 10s. to 6 guineas. Cows and calves brought prices from £7 15s. to £9, and a heifer and calf £5 10s. WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the afterpoon call yesterday sale? were reported of New Zealand Refrigerating, 10s. paid, at 7s. Bd., Wellington Woollen, ordinary, at £7 55., and New Zealand Breweries (two parcels) at 58s. Government seeuritlos were in good demand. ' The 4J per cent, stocks and bond? were firm at £OO 15s. and the 5J per cents. (1033) at £fol ss. Waltomo Power Board 5J per cents. (1964) wore in demand at £99 10s.. Wellington Gas debentures at par, Wellington Racing Club at £lOO 10s., and New Zealand Breweries' bonds at 20s. There was again a moderate demand for bank shares, with buyers of Bank of Australasia at £l5. Commercial Bank at 28s. lid.. National Bank of New Zealand at £7 45., Bank of Rew South Wales at £5O 16?,, Bank of Now Zealand at 035., aud Bank of New Zealand I) shares at 28s. nd. New Zealand Loan and Mercantile were firm nt £127 and Goldsbrough Mort at 525. 3d. New Zealand Guarantee Corporation ordinary were In demand at 9s. 3d. and Wellington Investment at 19s- 9d. National Insurance were wanted at 10s. 3d., and South British Insurance at 04s. 9d. Gas shaj-es were firm and in good de-

mand, with buyers of Christchurch Gas at 26s 2d„ Gisborne Gas at 10s., Napier Gas £lO paid at £lO 2s. 6d„ and Wellington Gas, ordinary, at 31s and preference at IGs. 9d. Union Steam were steady at 20s. Cd. and Kclburn Tram at 20s. Westport Coal were wanted at 325„ Kauri Timber at 17s. ,and New Zealand Breweries at 575. 9d. There wero buyers of Colonial Sugar at £59 155., Burns Philp South Sea at 305., D.I.C. ordinary at 10s. Gd. premium, Farmers’ Co-op. Auctioneering at 585., Gasco Bricks at 285., New Zealand Drug at 755., Sharland and Co. at 20?., Wairarapa Farmers at 13s. lOd. and Wilson’s Cement at 40s. , Yesterday’s buying and selling quota-

SALES IN OTHER CENTRES By Telegraph,—Press Association. Auckland, March 6. Sales.—War Loan, 1938, 4J per cent,, £100; Commercial Bank of Australia, 295.; Bank of New Zealand, 635. 6d,; New Zealand Guarantee Corporation, 9s. 2d,; Auckland Gas, 245. 9d.; Electrolytic Zinc (pref,) 365. 3d.; Kempthorne Prosser's New Zealand Drug, 755. 6d.; Milne and Choyce debenture stock, 265. 6d.; New Zealand Paper Mills, 18s. Bd.; Wilson’s Cement, 40s. Christchurch, March 6. Sales. —New Brighton Borough, 5} per cent., 1958, £lOl IDs. (3 parcels); Christchurch Drainage Board, 51 per cent., 193873, £lOl 10s.; Kowal County, 5J per cent--1932, £101; Australian Bank of Commerce, £1 17s. 3d., £1 10s.; Bank of Adelaide, £lO 55.; Commercial Bank of Australia, 295. (4 parcels): National Insurance, 16s. 3d.; Goldsbrough Mort, 525, 4d.. 52b. 3d.; New Zealand Refrigerating (IDs. pffiil), 7s. 8(1.; Christchurch Gas, 26?. Id- (odd lot); New Zealand Breweries, 58s. (2 parcel?) ; Staples’ Brewery, 445.; Australian Iron and Steel (pref.), 20s. 7d.; Beath and Co. (Is. paid). Bs. 9d., Bs. Bd, (? parcels): New Zealand Fanners' Fertiliser, 20s. 9d.; Mahakipawa. Is. 5Jd.. Is. sd. (5 parcels). Sales Reported,—Huddart Parker (cum div.), 465. Od.; New Zealand Refrigerating (IQ?, paid), 7s. 3d.; Wellington Woollen, £7 ss. (ord.); New Zealand Farmers’ Co01>, 6i per cent, stock, 1940 (late sale yesterday), £O2. , „,,,!.<> Dunedin, March 8. Sale Reported.—Dominion Rubber, 375. 6fl. COMPANY ACTIVITIES TARANAKI OILFIELDS Taranaki Oilfields. Ltd., report for the week ended March 2 as follows; —Gisborne No. 2 well: Drilled to 2432 feet in shale; Bfln. diameter casing to 2407 feet. NEW ZEALAND MOTOR IMPORTS The imports into the Dominion for tfit calendar year 1928 of piptor caps, trpcfcji, chassis, motor-cycles, tires valued at £4,170,060, equal to £348,000 for every month of the year. distributed between the Uffßed States £1,768,883, Canada £1,229,602, Great Britain £1,002,847, aud other couptrje? CW,728. The money was expended wjtly W motor-cars, trucks and th® mentioned predominating. The amounts spent with the several countries are as under:— Cars . , Truc]?gr Tires, tA - Canada Stat€a .;.‘ 595,385 «if i® 2,336,299 429,772 994,774 In 1928 the origin of imports on a cal basis was: Britain 14i ger cent, <-an_ ada 29 per cent,, United states ,vi per cent., and France, Belgium, Italy a nd Ger many 1 per cent. During (he past few years the average value of the cars imported has steadily declined, and th ere qe I to be a growing demand for moderately priced British vehicles. The average of all cars for last year tvas £l4l, TPe car imports during the past two years vere as under:— ’ 1928 No.' No.United States ... 6.122 9.--7 Canada «-33fi Great Britain... 2,1-8 -.364 France Italy 2 « J Belgium 1- 5 Germany “ 10,871 10,504 Last year’s figures s l ho 'Y th al Jn Q I 7 Cr o e “ S more S re flee tit'th J trade C rttof a co d m» vUles were from the following J92g United States .. 1.112 1,46 a Canada ■ 404 Great Britain .. 416 France I 1 Italy 9 9 Belgium ■ 3 Germany 4 2 °33 2,282 ?^t 9^ tOr 67laßt , ye P a O rf toUi d B "T( P wiVS. tb Vhlte Imports fr°™ United States.

WOOL IMPORTERS G°ood Hope* don market duping the Y’OUinilTd ber 3L 1928, according to a Hbt c°uipiled rLdon d "mlude ; d U th a e y Bunk of Australia, 35,181 bates: Sanderson, Murray, ami Elder. Ltd.. 3!,7u-. New Zia land and Australian Land Co«, *.4,191, Bank of New Zealand 22,223; Dalgety and Pn 19 552 * London Produce Co., , Bank of New South Wales, Smith and Co., 13,838; Thomas Borthwick and Sons, 12,19* i Australian Pstgteg and Mortgage Co., 12.177; New Zealand Refrigerating 10,5104 Jampa

and Co., 10,248; New Zealand Loan and Mercantile Agency Co., 9(182; Bank of Australasia, 7308; National Mortgage and Agency Company of New Zealand, 3088; National Bank of Australasia, 3553.; W. Weddel and Co., 3338; H. Dawson, Sons and-Co., 3025; Commercial Banking Co. of Sydney, 301 G; Commercial Bank of Australia, 1448; Wright. Stephenson and Co., 1317; and National Bank of New Zealand, 1092. AGRICULTURAL CREDITS IN BRITAIN In Great'Britain the demand for greater financial assistance by the farmers resulted in the formation of the Agricultural. Mortgage Corporation, under the provisions of the Agricultural Credit Act, 1928. This organisation commenced business on January 14. The shareholders lii the corporation, of which the chairman i» Sir H. Goschen. are the Bank of England aud all the leading joint stock banks in England with the exception of the Midland Bank. The terms on which long-term loans are granted to farmers and landowners, include Joans on mortgage of agricultural land not exceeding two-thirds the value of the land granted for periods up to 60 years, and repayable by equal half-yearly Instalments, covering interest and repayment of principal. For a 60year loan the rate of half-yearly repayment is £2 15s. for each £lOO for the full period of the loan. Loans for improvement of land are granted to owners subject to the approval of the Minister of Agriculture for periods up to 40 years, £lOO being repayable by 80 half-yearly Instalments of £3 each, to include principal, interest, and all charges other than those made by the Minister of Agriculture. In view of success which has attended the working of land mortgage banks on the Continent of Europe, the “Economist states that the establishment of the corporation was justified as an interesting experiment, the effects of which at worst cannot be harmful, “It is doubtful whether the new provision of long-term credits on the basis announced could be regarded as likely to assist British agriculture to recover apparently from its present ills. It cannot be said that the corporation terms represent particularly cheap capital for agricultural development, as on a 40-year improvement loan, the annual rate of interest works oyt at 51 per cent. CUSTOMS REVENUE, The Customs revenue collected at the port of Wellington yesterday totalled £7454. ,

tions were as under: — Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ s. d. 44 p.c. Insc. Stk., 1939 99 15 0 —- 44 P.c. Inse. Stk., 1038 . 99 15 0 100 2 6 5A p.c, In sc. Stk., 1933 and 1936 1 101 5 0 — . 44 p.c. Bonds, 1939 .. 99 15 0 —— 44n.c. Bonds, 1938 .. 99 15 0 100 2 6 5$ p.c. Bonds, 1033 ..1<J1 £ !! —— 51 p.c. Bonds, 1936 ..101 7 6 5t p.c. Bonds, 1930 .. — 99 7 6 Waitomo Power Brd. 54 p.c., 1964 99 10 0 Wellington Gas Co. debentures too 0 0 — Wgtn. Racing Club debentures • lub lv u N.Z. Breweries (bonds) 16 0 16 5 BANKS— 15 0 0 15 2 0 Com. of Aust, (ord.) 1 8 11 1 9 2 National of N.Z 7 4 0 —— National of Australasia (£51 —— 9 14 0 New South Wales .... 50 10 0 50 17 6 New Zealand 3 3 0 3 3 6 Do., D long term ... 18 6 —- FINANCIAL— Golds jrough Mort ... 2 12 3 2 13 0 N.Z. Guarantee Corp. 0 9 3 0 9 6 N.Z. Loan and Merc. (ord.) 127 0 0 132 0 0 Wgtn. Invest T. and A 0 10 9 ■ . GAS— 16 2 16 8 0 10 0 'Napier (£10) 10 2 6 — Wellington (ord.) .... 1 11 0 Wellington (pref.) -• 0 16 9 —— INSURANCE— 0 16 3 New Zealand 2 7 6 South British 3 4 9 MEAT PRESERVING— e *1 r ■ 1, .. 2 4 3 transport— Huddart-Parker (ord.) —— 2 6 9 Union Steam (pref.) 10 6 —- Kelburne Tramway (ord.) 16 0 — WOOLLEN— Wellington (ord.) .... —— 7 7 0 Wellington (pref.) ... — 7 10 0 COAL— 1 12 0 1 13 0 Wai pa " .0 12 6 TIMBER— 0 17 0 ■ ■■■ BREWERIES— — New Zealand 2 17 9 2 18 3 Staples and Co — 2 4 6 MISCELLANEOUS— Colonial Sugar 59 15 0 Burns Philp and Co. . 2 10 0 Burns Philp and Co. South Sea 1 10 0 D.I.C. ord. (prem.) .. 0 10 6 Farmers’ Auctioneering (ord.) 2 18 0 — 18 0 . II. Howard Smith (ord.) 16 9 N.Z Drug Co. ....... 3 15 0 N.Z. Paper Mills .... O 19 0 Sharland and Co. (ord. and pref.) 10 0 Wairarapa Farmers (pref.) 0 13 10 —— Wilson’s Cement .... 2 0 0 2 0 7