FARMING AND COMMERCIAL

Manawatu Standard, Volume XLVIII, Issue 167, 14 June 1928, Page 5

FARMING AND COMMERCIAL

ADDINGTON MARKET.

VALUES FOR FAT STOCK MAINTAINED.

Por Press Association.

CHRISTCHURCH, Juno 13. Thoro wore averago entries at to-day’s Addington salo except, in tho storo sheep section. Values in the fats sections wero practically on a par -with last wek. Storo sheep.—Tho smallest ontry of tho season and mostly adult sheep. All classes, particularly forward wethers and tho better sorts of ewes, sold at an advance of Is to la 6d a head on last week. Backward sorts showed little change. Extra good halfbred ewo lambs made to 31s 6d, good to 29s 6d; good threo-quarter bred to 295; backward rape lambs, 23s to 25s 6d; inferior lambs, 17s 6d to 21s; extra good 4, 6 and 8-tooth quarter-bred owes, to 42s 6d; good, 33s 6d to 36s 6d; ordinary 30s to 31s; oxtra good 4, 6 and 8-tooth halfbred owes, 34s to 35s 6d; good, 31s to 33s 3d; ordinary s.m. halfbred ewes, 27s to 29s 6d; inferior 4, 6 and 8-tooth halfbred ewes, 22s bd to 26s 6d; aged halfbred ewes, to 21s 6d; extra good 4, 6 and 8-tooth halfbred wethers, 32s 6d to 34s 3d; good, 30s to 325; ordinary, 28s 6d to 29s 6d.

Fat lambs.—A reduced yarding of under 2000 head. A brisk salo at schedule rates resulted, exporters bidding keenly for all weights. Extra primo lambs mado to 41s 7d, prime 35s to 38s, medium 31s to 345, light 27s 6d to 30s; storo lambs, 24s to 26s 6d.

Fat sheep.—A smaller entry and a sound salo. Tho quality was moro mixed than last week, the average standard not being so high. Primo medium weight wethers mado round about 8d a lb, and ewes old. Extra primo heavy wethers mado to 45s lOd; primo heavy wethers, 37s 6d to 41s; medium wethers, 33s to 375; light wethers, 29s 6d to 32s 6d; oxtra primo heavy ewes, to 44s Id; prime ewos, 31s to 35s 6d; medium ew-es, 2.7 sto 30s; light ewes, 22s to 263; low-conditioned aged ewos, 17s to 21s.

Fat cattlo.—An average entry of 500 head, which included some good drafts. A rather patchy salo, but tho recovery in price.s last week was scarcely maintained oxcept for tho primest linos. Best beef made to 42s per 100 lb, primo 38s 6d to 41s, medium quality and heavy 34s to 38s, inferior 30s to 335, with rough down to 265. Extra primo heavy steers mado to £23 7s 6d, primo heavy steers £l7 to £l9 10s, medium weight prime steers £ls to £l6 10s, ordinary quality steers £lO 5s to £l4 10s, light, steers £7 15s to £10; oxtra primo heifers to £ls 7s 6d, prime heifers £lO 5s to £l2 ss, mediumheifers £8 5s to £lO, light heifers £5. to £8; extra primo cows to £ls 7s 6d, prime cows £lO to £l2, medium cows £7 10s to £9 15s, light and aged cows £4 12s 6d to £7.

Vealers. —A brisk salo for killablo sorts. Twelve to 18 months made to £9 10s, good vealers £5 5s to £6 10s, medium £3 10s to £5, inferior 25s to £2 17s 6d, small calves 5s to 15s.

Storo cattle.-—Mostly bulls and-cows wero yarded. Two to 2s-year steers mado to £7 17s, 18 months to 2-year steers to £6 Is, good cows to £5, others 25s to £4, bulls £3 to £lO. Dairy cattle. —A large entry and a keen demand for cows at profit. One special cow mado £2O ss; good second to fourth carvers £lO 10s ,to £l6, medium £8 to £10; others £5 10s to £7 10s; good heifers £9 to £l4, others £5 10s to £8 IQs. Fat pigs.—A good entry and a good demand, especially for baconcrs. Choppers made £2 to £5 8s 6d, light porkers 32s to 37s 6d, heavy 40s to 52s (averago prico per lb, fid to 7d); baconers £3 to £4 10s, heavy to £5 5s (averago price per lb, s£d to 6icl). Store pigs.—A small entry and a sharp rise, with everything disposed of. Woaners mado 3s 6d to 10s, stores 12s to 28s.

SALE AT BURNSIDE. BIG YARDINGS THIS WEEK. Per Press Association. DUNEDIN, June 13. There were big yardings at Burnside today and prices given for- sheep were generally unchanged, while fat pigs showed an improvement. Fat Cattle. —A lage yarding consisted of mixed quality. There were a few heavy bullocks, medium primo sorts, and a big sprinkling of plain steers, with the ordinary good average cows and heifers. The larger entry had the effect of casing prices a little, but the sale was quite satisfactory. Prime ox beef mado 38s per 1001 b., light handy weight 40s, primo heifer 355, and cow and light heifer 25s to 30s . Fat Sheep.—A yarding of 4300. It was a very fair entry, consisting of a large number of average to heavy ewes (the latter being in over supply) with a moderate proportion of heavy wethers. There was a fair opening demand, prices being a shade easier than those of tho last sale a fortnight ago. Extra heavy ewes wero down Is to 2s, while light wethers and medium ewes were unchanged.'There was an easing towards the close ion all heavy sheep. Extra heavy wethers made 50s to 525, prime 41s to 45s od, medium 34s to 375; heavy ewes, 33s to 34s 3d, prime 28s to 31s, medium 21s to 265. Primo wether mutton made 6d to 6£d per pound, prime ewo sd, aged 4d. Fat Lambs. —1120 were penned. The quality was varied and the demand as good as at'the last sale for all prime qualities. Tho average prico per pound was about llid. Store Cattle.- —A good entry of about 300 was made up of about 35 mixed 3 and 4-year-old bullocks, 40 mixed yearlings, . and tho bnlanco of cows and heifers. There was quiet bidding, some steers being passed at auction. Three and four-year bullocks sold to £lO ss, heifers to £5 7s 6d and yearlings to £2 7s 6d. Bigs.—lßo fats and 130 stores wero yarded. Baoonors wore selling firmer, while porkers wero a shade easier except for the best- classes. The store market was weaker.

STOCK MARKET. Abraham and Williams, Ltd., report on Ashhurst sale as follows: —We had. a good yarding of sheep, consisting chiefly of hoggets which met with good competition and everything with th e exception of one pen was sold under tho hammer, at advanced prices. A fair entry of cattle also met with a ready salo. Wo quote : —Fat wethers to 375; fat and fwd. -owes, 25s 6d to 27s 3d; 2-th storo wethers, to 30s 3d; owo lambs, 39s 7d, 30s to 345; wether lambs 24s lOd to 33s Id; m.s. lambs 20s 9d; b.f. lambs 19s Id, 26s to 275; fat cows £4 14s, £4 17s 6d, £5 17s 6d to £6 3s; fat heifers £5 to £3 7s 6d; fwd. cows £3 10s to £3 15s; dairy cows to £6; spg. heifers £8 15s, £9 10s to £10; heifors in milk to £7 ss; cows and calves £5 17s 6d; vealers to 325; bulls £5 to £6 15». Abraham and Williams, Ltd., report:—At Taumarunui on Tuesday stock came forward in excess of advertised numbers, our entry comprising 3950 sheep and 116 head of cattle. The special lines of ewes came forward in good order. Thera was a large attendance of outside buyers and bidding throughout was keen. Somo of our main sales wero as follow:—69 fat wethers, 365; fat and forward wethers, 100 at 28s; 36 at 30s 3d, 65 at 33s 4d, 87 at 275; other m.a. wethers, 23s lOd to 265; 2-tooi,h wethers, 30s 3d to 31s 9d; 4-year and full-mouth owes in lamb to S.D. rams 733 at 35s 9d, 115 at 36s 3d, 65 at 33s 6d, 62 at 34s 9d, 68 at 255, 90 at 21s 3d, 70 at 255, smaller lots 25s to 35s 3d; 2 and 4-tooth ewes in lamb Rom. ram., 26s fid to 35s sd; m.a. ewes in lamb to B.L. and Rom. rams, 33s 6d; 166 ewo hoggets, 27s 3d; wether hoggets, 114 at 22= Id, 88 at 21a; m.s. hoggets, 111 at 21s 6d, 52 at 24s 6d, 84 at 225, 118 at 265, 62 at 235; smaller lots, 18s to 235; cull hoggets, 12s 6d to 15s 4d; fat cows, £5 15s to £7'los; fat bullooks, £ll 15s; 3-year steers, £7 14s; rough 4 and 5 year steers, £6 7s; store cows, £3 to £4 11s; empty heifers, ,£2 16s to £4 ss; bulls, £3 10s to £6 17s; dairy cows, £4 10s to £7 ss.

WHEAT MARKETS. (Australian Press Association.—United Service.) LONDON, June 12. Wheat. —Cargoes are inactive and 3d to 6d per quarter lower, following a bearish Canadian crop report. Parcels are in poor inquiry at 6d decline. Liverpool futures: July, 10s 3Jd per cental; October, 10s 72d; December, 10s Bd.

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES.

At tho afternoon call yesterday on tho Wellington Stock Exchange sales wero reported of 4i per cent, stock (1939) at £9B, 4i per cent, stock (1938) at £9B, 5| por cent. 6tock (1933) at £IOO 10s, Grear Meat (two parcols) at 38s 6d, Staples and Co. at 36s 3d, and Mahakipawa at 2s, Thoro was plenty of business offering yestorday, for thero wero numerous buyers. Government securities were steady, with bids of £97 17s 6d for tho 4i per cents., aud £IOO 7s 6tl for tho 51- per cent. Wellington City 5£ per cents. (1933) were u hanged at £99 ss, Wellington Gas (debentures) wore wanted at par, and Now Zealand Breweries (10 per cent, bonds) at 22s 4d.

Bank shares were steady, and in good demand. Thero wore buyers of Bank of Australasia at £l4 12s, Commercial Bank at 29s 6d, Commercial Bank of Sydney at £27, English, Scottish and Australian Bank at £8 11s 6d, National Bank of New Zealand at £7 6s, National Bank of Australasia (£5 paid) at £9 Os 6d, Bank of New South Wales at £4B 15s, a rise of 10s, Bank of New Zealand at 60s 6d, and Union Bank at £l4 17s 6d on the local register, and Is more for shares on the Melbourne register. Tlici-o was little business offering in financial shares. Now Zealand Guarantee (ordinary) were wanted at 8s fid, jireferenco at 21s, New Zealand Investment at 9s 4d, and Wellington Investment at 10s Bd. Christchurch Gas wero firm at 23s lid, and Wellington Gas at 28s 3d National Insurance were steady at 15s sd. Thero wore buyers of Gear Meat at 38s, Wellington Meat Export at 10s 9d, Now Zealand Refrigerating, 20s paid at 18s, and 10s paid at 8s 3d. HuddartParkor, ordinary wero wanted at 47s and preference at 21s, and Union Steam (preference) at 20s. There were buyers of Wellington Woollen (preference) at £6 6s, New Zealand Breweries at 41s, British Tobacco at 41s 9d, Burns, Philp and Co. at 43s 6d, Burns, Philp and Co. (South Sea) at 28s, D.I.C. (preference) at 20s 6d, Electrolytic Zinc, ordinary at 30s 9d, and preference at 32s fid, Holden’s Motor Body Builders at 31s fid, and Wellington Queen’s Thoatro at 20s 6d. Yestorday’s buying and selling quotations were as under : Buyers. Sellers.

SALES IN OTHER CENTRES.

Per Press Association.

AUCKLAND, Juno 13.

Sales. —Inscribed Stock, 1935, per cent., £IOO 7s 6d; National Bank of Australasia (oontributing), £9 Is 6d; Bank of New South Wales, £4B 12s 6d; Bank of New Zealand, 60s 9d; Auckland Gas, 23s 4d; Devoriport Steam Ferry, 25s (two sales); HuddartI’arker, 47s 6d; Now Zealand Breweries, Limited, 41s 3d; Gear Meat, 38s 3d; Morris Hcdstrom, 21s 6d; Mahakipawa, 2s; Ohinemuri, 6s lOd; Waihi, 11s 6d; Mount Lyell, 33s 9d.

CHRISTCHURCH, Juno 13. Sales.—New Zealand Insurance, 42s Id; United Building Society, 15s; Howard Smith, 27s 7d; New Zealand Refrigerating (10s paid), 3s 4d (two parcels); New Zealand Breweries, 41s 6d (two parcels); Tooth’s Brewery, 43s 9d (two parcels); British Tobacco, 42s 3d; Mahakipawa, 2s (throe parcels), la lid (two parcels). Sales reported.—Goldsbrough Mort. (cum. div.), 50s lOd; Staples Brewery, 36s 3d; Swan Brewery, 755; Mahakipawa, 2s (two parcels).

FOREIGN EXCHANGE RATES

(Australian Press Association—United Service.) LONDON, June 11

Foreign rates of Exchange on June 11, as compared with par ratos, or as averaged first half of 1914, are as follow: — Juno 11. Par.

P. AND O. STOCK. (Australian Press Association.) LONDON, Juno 12. P. and O. deferred Rt'-yk, £241 10s.

HUGE NEW COMBINE, TEXTILE CORPORATION. (Australian Press Association.) LONDON, June 13. Firms representing one million spindles and five thousand, looms agreed to join a huge new combino known as tho Lancashire Textile Corporation, with a view to controlling production arid prices. At a meeting of the Cotton Yarn Association tho President expressed tho opinion that the new corporation, supported by all section of tho trade, was Lancashire’s only hope. Spinners were losing £llOO on hour on wagos and running expenses, plus £1403 an hour ao depreciation. This was equivalent to £6,000,000 per year.

PRICES OF METALS. (Australian Press Association.) LONDON, Juno 12. Copper.-—Standard, on spot and forward delivery, £64 6s 10J,d per ton; Electrolytic, £6O and £69 ss; wire bars, £69 ss. Lead. —£21 7s 6d and £2l 12s 6d. Spelter.—£2s 17s 6d and £25 12s 6d. Tin.—£222 3s 9d and £220 17s 6d. Silver. —Standard, 26Jd per ounce; lino, 29 15-16 d.

PRICE OF GOLD.

(Australian Press Association —United

Service.) LONDON, June 12. Tho price of gold is £4 4s 10R1 per ounce.

INTRODUCTION OF PARASITES.

RESOLUTION BY FRUITGROWERS.

“That no parasites bo. introduced into tho country for tho eradication of blackberry pest that will bo detrimental to raspberries,” was a remit which caused some diversity of opinion at tho annual eonferferonco of tho Now Zealand Fruitgrowers’ Federation at Wellington. In tho course of the discussion Mr C. Ballantyno (Auckland) said that oven if every raspberry bush in tho Dominion perished with tho eradication of blackberry it would bo a good thing for tho country. Thero would bo such a national saving that tho country could easily afford to fully compensate the raspberry growers. Mr A. Roy (Canterbury) said that a great many people were growing raspberries on small areas of land.

The president (Mr T. C. Brash) : Unfortunately a great many more people are growing blackberry on large areas of land. Mr H. Turner (Otago) said that Dr. Tilyard, of Cawthron Institute, had stated that if a parasite would bo found which would destroy blackberry, raspberry could bo protected from it by the simple process of spraying. On a show of hands being taken. the remit was carried by a small majority.

UNFORTUN ATE SETTLER. A liard-luck story was related by a back blocks settler in a letter read at a meeting of tho Marlborough County Council last week. Ho applied for an extension of time in which to pay arrears of rates. To begin with, bo said lie had lost six cows through disease. Tho Government replaced tho stock, but just when- he was getting on his feet, the dry weather struck him' and he had no water for the cattle. Then a storm blew the roof off his house and let the rain in, which brought down the wallpapers, necessitating repapering—which could not bo done for nothing. “One room was not so bad,” the writer added, “so my wife decided to paper it, but in doing so she fell and broko three ribs, which put her in bed where she is at present.” The council expressed sympathy with the settler in his misfortune. The account for rates was held over for investigation.

N.Z. GOVT. LOANS— £ s. cl. £ 3. d. 4I p.c. Ins. Stk., 1939 97 17 6 — AX p.c. ditto, 1938 97 17 6 — 5 Xv.c. ditto. 193b 100 7 6 — 51 p.c. ditto, 1941 — 99 7 6 51 p.c. ditto, 1933 — 99 5 0 41 p.c. Bonds, 1939 ... 97 17 6 — A\ p.c. Bonds, 1938 ... 98 0 0 — 41 p.c. ditto. 1930 — 98 15 0 51 p.c. ditto, 1933 100 7 DEBENTURES— 6 Wellington Gas 100 0 0 — N.Z. Breweries (stock) 1 2 3 — Ditto (bonds) Wellington City, 5i 1 2 4 p.c., 1933 BANKS— 99 5 0 Australasia Commercial icf Aust. 14 12 0 (ord.) _ .. Commercial Banking 1 9 6 1 9 9 Co. of Sydney English, Saottish and 27 0 0 Australian 8 11 6 — National of N.Z National of Australasia 7 6 0 . (£5) 9 0 6 9 2 0 New South Wales 43 15 0 — New Zealand Ditto long term mort3 0 6 3 1. 0 gage (15 paid) — 1 2 9 Union of Aust. Ditto (Melbourne re14 17 C 14 19 gistcr) FIN ANNUAL — N.Z. Guarantee Corp. 14 18 b 6 (ord., 8s) 0 8 6 — Ditto (prof.) N.Z. Invest., Mortg., 1 1 0 and Deposit 0 9 4 — Well. Invest. T. & A. GAS— 0 10 8 0 11 0 Christchurch 1 3 11 — Wellington (ord.) 1 8 3 -j— Ditto (pref.) INSURANCE— 0 16 9 National 0 15 5 — New Zealand — 2 2 9 South British MEAT PRESERVING— — 3 1 9 Gear 1 18 0 1 19 0 . N.Z. Refrigerat. (£1) 0 18 0 — Ditto (IQs) 0 8 3 — Well. Meat Ex. (ord.) TRANSPORT— 0 10 9 — Huddart-Parker (ord.) 2 7 0 2 8 0 Ditto (pref.) 1 1 0 — Union Steam (pref.) .. 1 0 0 — P. and 0. def. stock .. WOOLLEN— — 241 0 0 Wellington (ord.) — 6 5 0 Ditto (pref.) TIMBER— 6 6 0 Leyland-O’Bricn — 1 15 3 National BREWERIES— 0 10 0 New Zealand 2 1 0 — Staples and Co MISCELLANEOUS— British Tobacco (Aust. 1 16 6 (ord.) 2 1 9 — Burns, Philp and Co. 2 3 6 — Ditto (South Sea) 1 8 0 — Colonial Sugar — 60 10 0 D.l.C. (pref.) 1 0 6 — Electro. Zinc (ord.) .. 1 10 9 — Ditto (pref.) Holden’s Motor Body 1 12 b 1 13 3 Builders 1 11 6 — Newton King (pref.) .. — 0 12 6 N.Z. Drug — 3 10 0 N.Z. Express (ord.) . — 1 0 6 N.Z. Paper Mills Sharland and Co. — 0 16 0 (ord.) Wairarapa Farmers’ — 1 0 3 (pref.) — 0 13 0 Well. Queen's Theatre MINING— 1 0 6 — Waihi — 0 12 0

Brussels, belgas to £1 34.96 35 Paris, francs to £1 . 124.15 25.22| Stockholm, knr to £1 18.20 18.12 Oslo, knr to £1 18.23 18.12 Copenhagen, knr to £1 18.20 18.12 Berlin, reichsmark to £1 20.42 — Home, lire to £1 — 92.75 — Calcutta, pence to rupee 18 24 Yokohama, pence to yon 22 31-32 24 Hong-Jvong, penco to dol. 23 3-16 24 Montreal, dollars to £1 4.8Si 4.866 New York, dollars to . £1 4.88 3-16 4.866 Amsterdam, florins to £1 12.09i 12.107 Batavia, florins to £1 12.12 12.107 Prague, knr to £1 1642 12.107