FARMING AND COMMERCIAL

Manawatu Standard, Volume XLV, Issue 217, 18 August 1925, Page 5

FARMING AND COMMERCIAL

RAW MATERIALS MARKETS. LONDON, Aug. 15. Cotton.—Liverpool quotation for American middling upland cotton, September delivery, 12.41 d per lb. Rubber.—Fine hard 'Para, 40d per lb. ; plantation first latex crepe and smoked ribbed sheets, 41d to 41 \d per lb. Jute.—August delivery, £42 17s 6d per ton. New Zealand Hemp.— July-August delivery, £3B 10s. Copra.—August-September delivery, £29 17s 6d. Linseed Oil, £43 os per ton.

Turpentine, 69s 9d per cwt. Antimony.—English, £75 to £BS per ton; foreign, £65 to £65 10s per ton. .

FROZEN MEAT QUOTATIONS. LONDON, Aug. 15. Sheep.—Canterbury, medium 7id per lb ; North Island, light 7g, medium, 7d; New Zealand ewes, old; Argentine owes, 5Jd; Patagonian, light, 6|d; medium, 53d; ewes, sid. Lambs.—North Island, firsts, IOJd. Frozen Beef.—New Zealand, hinds, 5Jd; Australian, hinds, old. Chilled Beef.—Argentine, fores, 4d, hinds, 6d. , Other meats are unchanged.—A. and N.Z. cable. •% . LONDON MARKETS. The New Zealand Loan and Mercantile Agency Coy., Ltd., have received the following cablegram from their London house under date 14th inst. - New Zealand frozen meat: Lamb 11 id per lb (average); mutton, wether and maiden ewe, light 7jd per lb, heavy 6gd; ewe, light, sj[d per lb, heavy spd. Fair demand.

BUTTER MARKET QUIET.

CHEESE PRICES EASIER

The Department of Agriculture has received the following cablegram dated 15th inst. from the High Commissioner for New Zealand, London, giving quotations on that date: — BUTTER. The market is quiet, but firm, and the tendency is upward. Danish production begins to show a slight decline. New Zealand finest salted, 196 s to 198 s per cwt (Is to Is 9d per lb) ; unsalted, 198 s to 202 s per cwt (Is 9d to Is per lb) ; other qualities, 190 s to 192 s per cwt (Is Bid to Is Bid per lb). Australian salted, 190 s to 194 s per cwt (Is Bfd to Is Bi<l per lb); unsaltcd, 192 s to 196 s per cwt (Is Bid to Is BJd per lb); other qualities, salted, 168 sto 188 s per cwt (Is 6d to Is 8d per lb); unsalted, 170 s to 186» per cwt (Is 6(d to Is 73d per lb). Argentine, unsalted, 182 s to 188 s per cwt (Is 7id to Is 8d per lb). Irish, salted, 190 s to 196 s per cwt (Is 3jjd to Is BJd per lb); exceptional, 198 s per cwt (Is BJd per lb) ; unsalted, 194 s to 200 s per cwt (Is to Is 9d per lb). Danish, 212 sto 214 s per cwt (Is 10id to Is per lb). CHEESE. The market is quiet and easier. English remains firm. Supplies are small. English finest, farmers’, 126 s to 130 s per cwt (Is l£d to Is 2d per lb), Canadian coloured, 107 s to 108 s per cwt (Hid t.o lljd per lb) ; white, 107 s, 108 s up to 109 s per cwt (llid to llid per lb). New Zealand coloured, 107 s, 107 s up to 109 s per cwt (llid to llid per lb); white, 108 sto 109 s per cwt (llid per lb). Australian coloured (slow), 104 sto 108 s per cwt (lid to Hid per lb. HEMP. The Manila market continues dull again, lower value for “J” grade. August-October shipments quoted at £43 at the close. New Zealand quiet in sympathy with value. Highpoints quoted at £3B; fair, seller, £35 10s; no buyers common. August-September shipments sold at £32 10s per ton, at which price there are further sellers. TALLOW. The 6pot market is quiet and steady; only small business passing in forward shipments. There is a fair demand at auction . Present quotations arc ior spot: Mutton, fine, 50s per cwt; fair to good, 46s to 48s; dark to dull, 42s 6d to 445. Beef, sweet and mixed, 49s to 50s 3d; fair to good, 44s 6d to 47s 6d; dark to dull, 41s 6d to 435. Mixed, fair to good, 44s to 47s 3d; dark to dull, 41s 6d to 42s 9d; gut, etc , 38s to 42s 6d. WOOL. The Bradford market is quiet, and the strike has been settled. Holders maintain crossbred quotations, but merino is somewhat in buyers’ favour. Present quotations are: 64’s (merino) warp, 4s 3d; 64’s (merino), average, 4s 2d; 56’s (super halfbred), 2s 9id; 50's (halfbred), 2s 2id; 40’s prepared (coarse crossbred), Is Bid. EGGS. Supplies are smaller and trade is steady for all descriptions. Present quotations are: English, Danish and Dutch, 18s to 20s per long 100; Irish, Belgian, French and Italian, 15s to 18s; Russian. Lithuanian and Polish, 12s 3d to 14s 6d.

AWAHURI DAIRY COMPANY. DIRECTORS’ ANNUAL REPORT. Tho report of t-lie directors of the Awahuri Dairy Company, to be presented bv the chairman (Mr N. Campbell) to the animal meeting of shareholders, is as follows:—“Your directors have pleasure in placing before the shareholders of this company on the occasion of its 28th anniversary another balance-sheet with statement of accounts, from which you will see the past year has been one of considerable .progress. You will notice that the turnover is a large increase, over that of last year. You will be pleased to notice that the average grade of butter is still improving, toward which our system of inspection and instruction has doubtless greatly helped. Now that the Control Board is established and' the chairman, Mr Grounds, has stated at the recent Hawera Show that for export butter grading superfine and over, one halfpenny extra per pound will bo received as compared with butter grading below superfine, we must all endeavour and do our best to secure a superfine grade for the whole of our butter. The prices for butter must necessarily fluctuate owing to the irregularity in Great Britain of supplies from overseas. The past season has experienced this to a very marked degree; the peak of prices was reached about third week in October, when an average of about 226 s per cwt was obtained 1 . From this point prices receded until on the 24th January the low price of 156 s was reached, with large shipments of New Zealand butter on the market. During the year an electric power plant has been installed at. your factory, a separate motor for each unit and you may be assured that running cost at the factory will be greatly reduced. The high rates of exchange for drafts on London have affected the payout for butter-fat; £2 15s being charged upon every £IOO worth of butter exported during the greater part of the season. Tho usual 6 per cent, dividend on share money is provided for in the balance of profit and loss account. The average test for milk has been 4.113, and for cream 38.0106: the average grade of butter was 93.140; the average overrun was 20.483; the cost of manufacture per lb of butter was 1.16; the quantity of butter made way 652 tons 14 cwt 3 lb. Messrs A. Bond and P. Hansen retire from the board of directors but offer themselves for re-elec-tion.” The butter manufacturing and marketing account shows that the butterfat- purchased during the past year amounted to £93,364 19s 2d and the sum received for butter sold was £113,888 17s 6d. After the payment of sundry expenses the yum, of £2065 8s 2d has been transferred to the profit and loss account.

WOOL PRICES FIRM. GOOD DEMAND FOR CROSSBREDS. Received August 18, 8.5 a.m. SYDNEY, Aug. 17. At the wool sales the market was very firm for all descriptions at the best rates of last week, prices for the finer grades being in sellers’ favour. Crossbreds met with a 'good demand. Greasy merino sold to 29$d. —Press Association. LAMBING RETURN. The Border Leicester sheep is undoubtedly a prolific breeder and on Mr W. B. V. Pearce’s property at Rangiotu his flock of 2000 Border and Bor-der-cross ewes, which have just commenced lambing, showed as first day’s results seven doubles and 3 singles, working out at equal to 170 per cent. Records from the Old Country show where a flock of 200 Border-Leicester ewes had a lambing of 217 per cent, placing this breed at the head, with Southdowns showing a lambing of 186 per cent, bringing them second on the list.

FOOT AND MOUTH DISEASE.

THOUSANDS OF CATTLF DESTROYED.

NEW YORK, Aug. 16. Four thousand cattle have been destroyed in Texas following a new outbreak of foot and mouth disease in the States. —A. and N.Z. cable.

CHICAGO WHEAT QUOTATIONS. NEW YORK, Aug. 16. Chicago wheat futures: September, 1 dollar 59| cents per bushel; December, 1 dollar 57J cents; May, 1 dollar 602 cents.