FARMING AND COMMERCIAL

Manawatu Standard, Volume XLVIII, Issue 149, 24 May 1928, Page 5

FARMING AND COMMERCIAL

ADDINGTON MARKET

HARDENING TENDENCY IN PRICES,

Per Press Association. CHRISTCHURCH, May 23.

Good entries were th* rule to-day at Addington, and generally thcro was a hadroning tendency for all the main classes of stock. Fat cattle, forward store lambs, and good class owes, fat sheep and fat. lambs all mot with a good sale. Store sheep. —Lambs wore about the same as last week in number, but ewes Were fower, as also were. wethers. Forward lambs and wethers sold at an advance, as did young ewes, but low-con-ditioned sorts were unchanged. Extra good halfbred cwo lambs made to 32s Bd, ordinary halfbred ewo lambs 26s 6d to 28s, good three-quarter-bred ewo lambs 27s 9d to 29s 3d; ordinary three-quarter-bred owe lambs 25s to 26s 9d; rape lambs, _22s to 245; 'backward lambs, 20s to 225; inferior lambs, 17s 6d to 19s; extja good two-tooth halfbred ewes to 395; good 4, 6 and 8-tooth halfbred owes, 31s to 34s 6d; ordinary 4, 6 and 8-tooth halfbred ewes, 22s 6d to 255; extra good two-tooth three-quart erbrod owes, to 33s 9d; ordinary 4, 6 and 8-tooth three-quarterbred owes, .26s 6d to 28s 6d; good 4, 6 and 8-tooth crossbred ewes, 27s 6d to 30s; ordinary 4, 6 and 8-tooth crossbred 1 ewes, 25s to 26s 6d; aged ewes, 15s to 19s 6d; good two-tooth halfbred wethers, to 33s 6d; good 4, 6 and 8-tooth halfbred wethers, 30s to 32s 6d; ordinary 4, 6 and 8-tooth halfbred wethers, 27s to 29s 6d; backward 4, 6 and 8-tooth halfbred wethers, to 24s 6d. Fat lambs.- —2750 were penned, and there was a keen sale for all classes, best 36's and under making a shilling. All goodskinned lambs sold particularly well, a pen of 10 Corricdales bought for show purposes making 53s 4d. Extra prime heavy lambs made to 435, prirno 34s to 375, medium 30s to 335, light 27s to 29s 6d, store 20s to 255.

Fat sheep.—A heavy yarding, ewes prodominating. The quality generally was good. • Ratos at the full schedule for export prevailed. Best grade wethers made 7Jd and heavier sorts from 7d to 7(>d, whilst,, ewes averaged from 5d to 6d. Extra prime heavy wethers mado 40s to 43s lOd, prime wothers 35s to 395, medium wethers 32s to 355, light wethers* 293 to 31s; extra prime owes to 42s 7d, prime cw.es 29s to 335, medium ewes 255. to 28s 6d, light ewes 21s to 245, poor conditioned and aged ewes' 17s 6d to 20s. , , Fat Cattle. —Five hundred yarded, including a number of well-finished drafts of station and plains-fattened cattle. Good quality was better than last week by up to 20s a head. Priinest beef made to 41s tier 1001 b. in a few cases, priino 37s 6d to 39s 6d, medium quality 35s to 375, heavy weight, 33s 6d to 3qs, good cow 32s to 355, ordinary 28s to 31s, rough down to 255. Extra prime heavy steers mado to 4119 17s 6d, prime heavy steers £ls 15s to £lB, prime handy weight steers £l3 10s to £ls 10s, ordinary quality steers £lO 15s to £l3 ss, light steers £7 12s 6d to £lO 10s; extra prime heifers £l4 7s 6d, prime heifers £lO Ills to Ll2 ss, ordinary heifers £8 to £lO ss; light prime cows to £l4 12s 6d, prime cows £lO to £l2, medium cows £7 10s' to £9 15s, light and aged cows £5 to £7 ss. Vealers.—A small entry, mostly big sorts. Late rates were maintained. Twelve to 18 months sorts made to £B, vealers £3 10s to £6 15s, others 25s to £2 15s. Store Cattle. —Cows formed the bulk of the entry; it was a good sale. Cows made £2 10s to £5 10s, others. 25s to £2 ss; bulls, £3 to £8; 4-year steers, to £lO 12s 6d. Dairy Cattle. —Only a few good sorts came forward, and they sold .at good prices; medium sorts sold satisfactorily. Extra good second to fourth ealvers to £lB, good sorts £lO to £l4 10s, medium £7 10s ,to £9 10s, inferior £5 to £7, heifers £7 to £ll, spring ealvers £2 10s to £3 10s. Fat Pigs.—An irregular market, with prices a shade easier. Choppers £2 to £5 17s 6d, baconers £2 15s to £4 8s 6d, extra heavy baconers to £5 2s 6d (average price pier lb. 51d to porkers, 32s to 52s (average per lb 6d to 7d). Store Pigs.—A small entry, and recent values were maintained. Weaners made 6s to 9s 6d, small stores 9s to 12s, medium to large stores 13s to 28s.

SALE AT BURNSIDE,

PRICES F,OR SHEEP DECLINE.

Per Press Association. DUNEDIN, May 23. Another large sheep entry at Burnside to-day saw prices for ewes decline about 2s and for wethers about Is. Lambs were better, while store cattle met with a fair demand. . . , Fat Cattle.—A yarding of 270 comprised a good selection of prime, weighty and medium bullocks and a number of choice heifers and prime cows. Opening rates show ed a decline of 15s to 20s per head,; choice beef making up to 38s per 1001 b. Heavy bullocks brought from £l6 to £l7 ss, medium £l3 10s to £ls; best heifers £lO to £ll 10s, medium £8 5s to £9 ss; heavy cows £ll to £l2 2s 6d and medium cows' £9 to £lO. Extra prime ox beef sold on a basis of 37s 6d, medium 355, prime heifer 355, light heifer and cow 25s to 30s per 1001 b. Fat Sheep—About 2280 sheep wero penned—another big entry, which was mado up of crossbred wethers, with a very fair proportion of.fair to primo ewes together with a number of consignments of wellfinished heavy wethers and ewes. An in-and-out sale ensued, heavy ewes being down about 2s and heavy wethers Is. Medium wethers and ewes wero selling at tho same rates as. wore ruling at tho close of the last sale. Light prime sheep were unchanged. Extra heavy wethers made 47s to 51s, primo 38s to 445, medium 27s to 325; maiden ewes to 39s 3d, prime heavy 34s to 375, medium 26s to 275, light 16s to 19s 6d. Extra heavy wethers sold on a basis of 51d to 6d, prime handy weight 6v;d, prime heavy owes 4d, light ewes 42d, and old owes 3 l-3d pel* lb. Fat Lambs.—There were 1039 lambs—fair average to prime quality penned. There were a number of pens of medium quality. Prices wero best for this series of sales, tho averago being Hid P° r lb - Extra heavy lambs mado to 38s 9d, medium 31s to 32s bd, light 27s to 28s 6d. . Store Cattle. —Thrco hundred and sixty wero yarded. Tho entry was mado up of about’6o mixed yearlings, 35 two-year-olds and tho same number of threo-ycar-old bullocks, with tho balance mixed cows and if anything primo cattlo wero a sha.de easier. Forward three and four-year-old bullocks made to £9 19s, medium two-year-olds from £5 7s 6d to £B, light primo vealers £4. Pigs.—There wore 150 lata and 37 stores. Fat pig prices showed a decline, on last rates and stores remained about tho same. STOCK ■ MARKET. Abraham and Williams, Ltd., and Wright, Stephenson and Co., Ltd., reported as follows on yesterday’s Johnsonvillo sale:—Only a medium-sized yarding of sheep, lamb 3 and cattlo camo forward. The beef entry consisted mainly of cows and heifers, there being a shortage of ox beef. The sale was keen throughout, tho prices being considerably better than last week’s quotations. Good ewes and vealers especially sold well. Quotations: —Bullocks £ll, £ll 2s 6d to £l4 2s 6d; heifers, £9, £9 7s 6d, £9 10s, £lO to £lO 7s 6d; cows (heavy) £B, £8 7s 6d, £B' 15s to £lO 15s; cows (light), £4 15s; wethers 345, 355, 36s 9d, 37s Id to 38s 3<J; ewes, 255, 27s 6d, 29s 3d, 30s to 325; lambs, 28s, 295, 29s 6d, 30s 6d to 31s; vealers, 28s, £2 15s, £3, £3 ss, £3 7s 6d to £4PRIOES FOR FAT STOCK. Per Press Association. WELLINGTON, May 23. Tlio New Zealand Meat Producers Board, advises that tho following prices wore being offered for fat stock for export at 21st May, 1928.. Canterbury.—Primo woolly lambs, 3olb and under llgd, 37 to 421 b over lOjfd; second quality lambs 10£d. Southland. —Prime woolly lambs 361 b. and under llgd’, 37 to 421 b IOJd, 431 b and over 93d; second quality lambs, lO^d.

FARMERS’ UNION AND POLITICS.

Per Press Association. HAMILTON, May 23.

The Farmers’ Union Provincial Conference this afternoon emphatically rejected a remit opposing tho entry of tho union into politics.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. At -the morning call yesterday on tlio Wellington Stock Exchange sales wero reported of Bank of Australasia at £l4 Bs, and Now Zealand Paper Mills at 15a 3d cum. dividend. At the afternoon call, the sales reported wore .Bank of Now Zealand D shares at 275, National Insurance at lbs 6d, Wellington Meat Export at 11s, and Wilson’s Cement at 39s cum. dividend. Government securities wero steady, with bids at £97 15s for the 4£ per cents., and £99 for tlio 5i per cents. Wellington City 5£ per cente. (1933) wore wanted at £99 ss, Wanganui City 5£ per cents. (1945) at £97, and Auckland Gas C debentures at £lO2. Bank shares wero in moderate request. There wero buyers of Bank of Australasia at £l4 9s, Australian Bank of Commerce at 35s 6d, Commercial Bank (preference) at £7, National Bank of Now Zealand at £7 2s 3d, and National Bank of Australasia (£5 paid) at £9 2s 6d. Sellers quoted 29s 6d for Commercial Lank Australia, £27 5s for Commercial Bank of Sydney, £8 10s for English; Scottish and Australian, £4B for Bank of New South Wales, 60s 9d for Bank of New Zealand, and £l4 19s 3d for Union Bank. Financial shares wero steady and in lair demand. Goldsbrough, Mort were wanted at 51s, Now Zealand Guarantee Corporation (ordinary) at 8s 6d, and (preference) at 21s, Now Zealand Investment a-t Js, Wellington Investment at 10s Bd, Wellmgton Trust and Loan at £6 17s 6d, and New Zealand Loan and Mercantile at £lO3. New Zealand Insurance shares were m demand at 60s. Christchurch Gas were wanted at 23s 9d, and Wellington Gas at 27s lid. New Zealand Refrigerating were steady, £1 paid at 17s 9d, and 10s paid at 8s 3d. Wellington Meat Export were firm at 10s 6d. Huddart-Parkcr ordinary wero in demand at 46s 6d, and the preference 20s 9d. Wellington \\oollen (ordinary) wero wanted at £6 4s 3d, Best-port-Stockton Coal at 3s sd, Crown Brewery at 9s, Staples and Co. at 35s qu, Burns, Philp, and Co. at 41s, Burns Philp South Sea at 265, D.I.C. (preference) at 20s 3d, Electrolytic Zinc ordinary) at 31s, Howard Smith at 28s, and Wilson s Cement at 38s 9d. Yesterday’s buying and selling quota-

SALES IN OTHER CENTRES.

Per Pres 3 Association. AUCKLAND, May 23.

Salos. —Inscribed Stock, 1956, 5i per cent., £101; New Zealand Brewers’ Debentures, 23s sd; Bank of New South Wales, £4B 10s; Bank of New Zealand, 60s 3d; Union Bank of Australia, £l4 17s 6d; South British Insurance, 61s; Hikurangi Coal, 4s 6d; West-port-Stockton preferred, 4s; Wellington Woollen, £6 4s 9d; New Zealand Breweries, 42s 6d; Electrolytic Zino, ord., 31s; Morris Hedstrom, 21s; Farmers' Fertiliser, 925; Taranaki Oil, 9s; Wilson’s Cement, 395. CHRISTCHURCH, May 23.

Sales. —Commercial Bank of Australia, 29s Sd, 29s 4d (3 parcels); English, Scottish and Australian Bank, £8 8s 9d (3 parcels); Union Bank, £l4 17s 6d; National Bank of Australasia (£lO paid cum. div.), £lB 8s (£5 paid cum. div.), £9 2s 6d; National Bunk of N.Z., £7 3s (3 parcels); Goldsbrough Mort., 51s; N.Z. Refrigerating (contr.), 8s 4d (4). Sales Reported.—Australian Bank of Commerce, 365; Commercial Bank of Australia, 29s sd; Dalgety and Co., £l4 4a 6d; N.Z. Refrigerating (contr.), 83 4d (2 parcels); Stockton (pref.J, 4s (2 parcels). DUNEDIN, May 23.

Sales.—Standard Insurance, 63s 3d; New Zealand Refrigerating (cont.), 8s 4d (3). Sales Reported.—Westport Coal, 30s 3d (3); Mount Lyell, 32s 9d; National Bank, £7 3s 3d: National Insurance, 15s 6d (2); New Zealand Drug, 69s 3d.

LISTED ON STOCK EXCHANGE. Per Prc3s Association. NEW PLYMOUTH, . May 23. Following upon an encouraging flow of oil from the “Blenheim” oil boro at Now Plymouth during tho last week or two which according to a statement issued ny tho chairman of directors has averaged between fourteen to twenty barrels a day, tho Blenheim Oil Well Reclamation Coy., Ltd., with a capital of £6OOO in £.l shares, of which 5413 shares are. subscribed, has been listed 011 the Stock Exchange.

DAIRY BOARD

MARKING ,OF CHEESE.

Tho Dairy Control Board mot yesterday, the chairman (Mr W. Grounds) presiding. It was reported that the board wore investigating methods of imprest marking of cheese, both with the letters “N.Z.” and with tho words “New Zealand.” Arrangements were made for a continuance of the experiments. Information was received from the Lon-i-m manager confirming tho action taken the 'board this season in not asking f<A an exhaustive audit of accounts, his on being that provided copies of aecoui’v sales wero recorded in the London office that would provide all tho information ordinarily required. Reference was made to tho question of marking and of consigning white and coloured cheese, tho board deciding that white and coloured should be on separate consignment notes. ADVERTISING CAMPAIGN. Particulars have been received by the Dairy Control Board regarding plans which provide for an intensive campaign _ to advertise Now Zealand dairy produce in London and South East England during May, Juno and July. It is estimated that the campaign will cover 16.000 siiops, with which personal contact will be made. The cost of the campaign will bo borne out of the grant of £20,000 made some time ago for advertising New Zealand produce in Great Britain. Highly satisfactory results aro reported from the advertising campaign already conducted in somo of tho provinces in England. UTILISATION OF WHEY. INVESTIGATIONS ABROAD. Investigations oversea into the utilisation of whey aro being closely watched by tho’ Department of Scientific and Industrial Research. At tho last meeting of tho Management Committee of tho Dairy Research Institute, information was received from Dr F. H. McDowall, who is at present in England, in regard to tiio inquiries ho had made into tho question in England ana Germany. At present, he reported, it did not appear that there was any highly economical utilisation of whey other than using it' ns a stock food.

Reporting on . investigations into whey evaporation, tho secretary of the department (Dr E. Mardsen) said _ that the use of whey paste was now being made tho subject of experiment in a series of feeding trials.

RESEARCH CHEMIST.

ARRIVAL NEXT SEPTEMBER.

Advice has been received by tho Department of Scientific and Industrial Research that Dr. F. 11. McDowall, research chemist to the Dairy Institute, will arrive ill New Zealand from England on September 12. Prior to his appointment Dr McDowall, who is a South Islander, was lecturer in organic chemistry at tho University College, London, aiid it was arranged that he should complete his course of studies before returning to the Dominion to take up iiis work at Palmerston North. He finish'ed his studies at. tho National Institute for Research in Dairying at Reading, the Midland Dairy College, and the Kilmarnock Dairy School, and also visited . the Rowctt Institute at Aberdeen to look into the question of animal nutrition. In addition ho has, on behalf, of Now Zealand, carried out investigations into whey utilisation, open texture of cheese, cements and metals resistent to the action of milk and whey, the uses of casein, and tho disposal of factory sewage. Dr McDowall is to attend tho Dairy Congress in England next month, and subsequently lie will leave for the Dominion, via America, where lie will visit the various dairy research institutions.

LONDON WOOL SALES. Levin and Co., Ltd., have received the following cable from their London agents, dated 22nd May, 1928: —“Tho auctions closed here to-day, with a good tone, Continental buyers operating freely. Opening rates, however, have not been maintained. As compared with tho opening rates of this scries, wo quote Greasy Merino best unchanged, average id to Id per lb lower; greasy fine halfbreds 50/56’s unchanged, halfbreds, 48/50’s Id per lb. lower; crossbreds, 46/48’s id per lb lower, 44/46’s id per lb lower, 40/44’s 1 id per lb lower, 36/ 40’s id per lb lower; scoured Merinos, par to 5 per cent lower: scoured crossbreds firm and unchanged; slipes, combing 5 per cent, to 7 per cent lower; clothing firm and unchanged.

GOOD DEMAND FOR APPLES.

(Australian Press Association.) LIVERPOOL, May 22.

Apples are in good demand. The Medic’s and Nestor’s Victorian Jonathans, 9s 9d to 12s 3d; London Pippins, 10s to 12s; Dunns, 10s 9d to 12s 9d; Tasmanian Cleopatras, 11s to -15 s 3d; Alfristons, 10s 6d to 13s 6d; Cox’s, 9s 6d to 15s 3d; Scarlets, 9s 6d to 12s 6; others, 8s 6d, 11s. f

FOR “THAT TIRED FEELING.”

TAKE MARSHALL’S FOSPHERINE.

After a late night we all get “that tired feeling.” We toddle off to work feeling “fagged out” and irritable. But why feel at odds with the world? Take a dose of Marshall’s Fospherine! It will buck you up! It will restore to those strained nerves their usual “pep” and vigour! Marshall’s Fospherine is a wonderful nerve-food and stimulant, imparting strength and vitality to both mind and body. Start a course. of “Marshall’s” at ounce. Tho six-sided carton containing 100 doses for 2s 6d is obtainable from all chemists and stores, or direct from the proprietors, A. and W. Baxter, of Baxter’s Lung Preserver, Christchurch. —Advt.

tions wero as under: — Selle Buyers 3. N.Z. GOVT. LOANS— £ s. d. £ s. d. 4J>- p.c. Ins. Stk., 1939 97 15 0 — 4? p.c. ditto, 193B 97 15 0 100 7 6 54 p.c. ditto, 1955 — 0 5A p.c. ditto, 1941 99 0 99 10 0 41 p.c. Bonds, 1939 ... 97 15 0 — 44 p.c. ditto, 1958 97 -15 0 — 51 p.c. ditto, 1933 100 12 6 51 p.c. dittro, 1936 . 100 15 0 51 p.c. ditto, 1930 DEBENTURES— 100 10 0 N.Z. Breweries (bonds) Wellington City, 5£ 0 1 3 p.c., 1933 Wanganui City, 54 99 5 0 p.c., 1945 97 0 0 99 0 Auckland Gas “C” ... Waitomo County Coun102 0 0 101 10 0 cil, 6 p.c., 1961 rjPANKS — 0 Australasia Australian Bank of 14 9 Commerce Commercial tof Aust. 1 15 6 (ord.) — 0 1 9 6 Ditto (pref.) 7 0 — Ditto (new issue) Commercial Banking 0 12 9 27 5 Co. of Sydney English, Scottish and ~ 0 • Australian — 3 8 10 0 • National of N.Z National of Australasia 7 2 (115) 9 2 6 — New South Wales ... — 48 7 6 New Zealand — 3 0 5 Union of Aust FINANCIAL— 14 19 3 Goldsbrough Mort. ... N.Z. Guarantee Corp. 2 11 0 (ord., 8s) 0 8 6 — Ditto (pref.) N.Z. Invest., Mortg., 1 >1 0 and Deposit N.Z. Loan and Merc. 0 9 0 Agency (ord.) Well. Invest., T. & A. 103 0 0 — 0 10 8 0 11 0 Well. Trust, Loan 6 17 6 — 0 Weil. Deposit & Mortg. GAS— 0 9 0 0 10 Christchurch 1 3 9 1 4 0 Wellington (ord.) 1 7 il — Ditto (pref.) INSURANCE— 0 16 7 National — 0 15 9 New Zealand 2 1 6 2 2 0 South British MEAT PRESERVING— 3 0 0 1 18 6 1 19 3 N.Z. Refrigerat. (£1) 0 17 9 0 8 Ditto (10s) 0 8 3 6 Well. Meat Exp. (ord.) 0 10 6 — Ditto- (pref.) TRANSPORT— 1 2 6 Huddart-Parker (ord.) 2 6 6 — Ditto (pref.) 1 0 9 247 0 0 V. and 0. def. stock ... WOOLLEN— Wellington (ord.) COAL— 6 4 3 6 5 0 Westport Wcstport-Stockton 1 10 0 (pref.) 0 3 6 0 14 * Waipa TIMBER— 6 Kauri — 1 2 6 Taupo Totara BREWERIES— 0 12 6 Crown 0 9 0 — Staples and Co 1 15 6 1 16 9 Ward and Co MISCELLANEOUS— British Tobacco (Aust.) 1 17 0 (ord.) — 2 3 9 Burns, Philp arid Co. 2 1 0 — Ditto (South Sea) 1 6 0 — Colonial Sugar — 60 0 0 D.I.C. (pref.) 1 0 3 1 1 0 Electro. Zinc (ord.) ... 1 11 0 1 11 6 Ditto (prof.) — 1 1.3 0 Howard Smith 1 8 0 — N.Z. Paper Mills Sharlatid and Co. — 0 16 0 (ord.) — 1 0 3 Taranaki Oil Fields ... — 0 10 0 Wilson’s Cement * 1 18 9 1 19 3