COMMERCIAL.

Hawera Star, Volume XLV, 26 February 1926, Page 8

COMMERCIAL.

THE WHEAT DECISION. CANTERBURY FARMERS APPROVE. (CV TELEGRAPH PRE3S ASSOCIATION.) CHRISTCHURCH, Feb. 24. The North Canterbury branch of the Farmers' Union to-day discussed the Government’s announcement on the wheat question. The advocates of control scarcely raised their voices against the general chorus of approval of the new poliejr The only adverse comment was that the Government, might have gone a step further and raised, the duty on imported flour in order to make tne protective duty on wheat fully operative. At present, it was declared, the governing factor determining the. price of wheat was not the price of imported wheat plus the duty, but the price of imported flour. It was not suggested that the growers ought to receive anything like a price equal to the cost of landing Australian wheat with the duty added, but it was admitted that the milleis might have been given more protection to enable them to pay the higner prices likely to be ruling for locallygrown wheat. At the same time the hostile attitude of the millers was criticised by the, growers. , •It was the general opinion that the millers -would not buy at much above 6s 9d on trucks, although many sales were reported to have been made at 7s. Growers did not take serious y suggestions made by some millers-that they would close down, if wheat was unobtainable, at certain low prices named.

dairy produce. Messrs Lonsdale and O-, Ltd., London »dTi“ their market report for wS ended February 22 at Mows: Butter slow, 172 sto I-4«; cheese firmer. 100 s to 102 s. FROZEN' MEAT. The New Zealand Loan and Mercantile A-eney Co., Ltd., have received the following, cablegram from their London house under date J 9 ™mst^. Lamb —New season IO.Vd (av€i age). Mutton. —Wether and maiden ewe, :;„ht 6\d, heavy 0d; ewe, light ed, heavy 4}d. Market dull, with downward tendency. DOUGLAS SALE. The New Zealand Loan amL Mercantile Wncv Co., Ltd., report having held their ‘fo-rtnightly sal© at Douglas vaids on Monday, 22nd inst m conjunction with Messrs Newton Iving. Ltd Sheep and eatt'e both came- foiward ill excess of advertisement: numbers. and. owing to the <frbp m the Home markets, prices; realisedwere below recent sales. They quote. Fouand five-vear ewes, 16s 6d to 24s 4d., cull ewes! 13s; 2-tooth ewes. smalL 20s .FI- 2-tooth wethers, small, 19s 8d to 20s 6d • ‘2-tooth Romney rams, £4 4S. Hgiis to o-igns; aged Romney rams, 15s to 26s 6d; 4 .and 6-tooth Lmco’n, U gns.,; store cows, 34s to 37s;* rm " cows, £2 11s to. £3 9s; 18-months empty heifers, £2 4s; 18-months steeis £9 its- bulls, £2 10s to £3 17s 6d.

NEW ZEAL AND EKPORTS. The quantities of the principal items of exports from the Dominion lor the past two vears show as under: ; 1925 * 1924 Wool (bales) 596,^5 Meat (cwte) 3,336,040 5,17,>,641 Tallow (tons) Jo, 020 A*”?? Butter (cwt-s) ... 1,240,324 1,?69,40. Cheese (ewts) ... L3,6.<04 1,994,486 Kanri gum (tons) oA /<> JR Hemp (tons) 1(>.408 Wool shows the small increase of 3868 hales, but owing to the extremely high prices ruling in the earlier months ot last vear the value of the staple shoved a gain of £2.47.1,374. There was an increase of about- o per cent, m tin quantity of frozen meat sbipped, bu-t the increased value was £1.688.869. oi • t 18 per cent. Butter shipments declined about 2 per cent, in quantity and the aggregate value was less bv £1 401 536. Cheese declined 14 pei cent in quantity and the aggregate value was less by £1,222,489. Tallow shipments exhibited an increase of about 4 per cent, and the increase in value was under £90,000. The quantity of hemp shipped increased by -j P ei cent and the value increase was ti/0,142. _