FARMING AND COMMERCIAL

Manawatu Standard, Volume XLVIII, Issue 239, 6 September 1928, Page 5

FARMING AND COMMERCIAL

ADDINGTON MARKET. ADVANCE IN PRICES FOR FAT SHEEP. Per Press Association. CHRISTCHURCH, Sept. 5. The yarding of fat cattio at Addington to-day was smaller than it was last, week and tho markot was slightly irregular. Prices, except for very prime handy weights, wero inclined to show a little weakening. A much smaller yarding of fat sheep saw an advance in both owes and wethers, tho latter forming tho larger part of tho offerings. In tho storo sheop section hoggets and ewes wero in good demand, but tho former did not soil up to the advanced rates of tho week before. The entry of storo sheep was ono of the smallest this year. Tho rango oi prices was as follows: —Four, six and eight-tooth halfbrod ewes 31s to 36s 6d, 4, 6 and 8tooth crossbred owes 29s to 31s 6d, sound and failing mouth owes 25s to 265, threoquarterbred owo hoggets 29s 6d to 36s 6d, medium halfbrod ewo hoggets 25s to 275, crossbred ewo hoggets to 30s, wether hoggets 24s 6d to 30s 6d. Spring Lambs.—Twenty-five spring lambs were penned, tho largest offering of tho season. A very primo lot of five made 40s 3d to 41s 9d, others 30s lOd to 39s 6d and a few small ones failed to soil. Tho yarding of fat sheop was smaller than th'o average. Tho quality was fair to good throughout. Tho first shorn sheep of tho season were penned. Primo sheep, both wethers and ewes, sold . hotter by Is to 2s per head than tho week before, and light sheep wero up about Is per head. The rango of prices was as follows: —Extra prime wethers to 515,. primo heavy wethers 42s 6d to 47s 6d, prime medium wethers 38s to 425, medium wethers 33s "to 37s 6d, shorn wethers 27s lOd to. 33s 4d i extra prime ewes to "43s 7d, primo owes 35s to 39s 6d, medium ewes 28s 6d to 335, aged ewes 25s to 28s.

Tho yarding of fat cattle totalled 484. Outsido consignments were well represented by some very prime linos from tho North Island, mostly Hereford, and tho West Coast sent over somo sovonteon truck loads. Steers formed tho largest proportion of the entry, ranging in quality from very prime heavyweights down to rough and unfinished sorts. For extra primo handy-weight steers and heifers values were from 47s 6d to 50s per 1001 b. Average primo steer beef 42s to 445, medium 38s to 41s, plain heavy steer 32s to 375, prime cow and heifer 41s to 435, medium 35s to 335; down to 30s. A lino of 30 steers from Wanganui made £2O to £2l 2s 6d. Tho rango of prices was as follows Extra primo steers £2O to £23 2s 6d, primo steers £l7 to £l9 10s, medium-weight steers £ls 2s 6d to £l6 15s, ordinary. steers £l2 2s '6d to £l4 15s; extra primo heifers to £l7 2s 6d, primo heifers £l2 to £l4 2s 6d, ordinary heifers £9 to £ll 15s, lighter heifers £5 2s 6d to £6 15s; extra prime cows to £l7 2s 6d, prime cows £ll 5s to £l4, medium cows £8 5s to £ll, others £6 to £7 ss. . A fairly largo yarding of vealers was composed chiefly of yearlings and over. There was a good sale at late rates for those fit for butchers’ purposes. Twelve to eighteen months sold to £8 16s 6d, good voalors £6 to £B, medium vealors £3 5s to £5 103, small calves 203 to £2 10s. A small pen of two-year-old steers and a few cows and bulls made up a very small yarding of storo cattio. No quotations can bo based on tho business done. A mixed entry of 78 head of dairy cows mot with a good sale for tho better sorts. Best second and third calvers mado £9 to £ll ss, medium sorts £7 to £6 15s, inferior and backward £4 10s to £6 15s, best heifers £7 to £9, others £4 10s. to £6 10s. In a medium entry of fat pigs, baconers wero in better demand and porkers wero firm at lato rates. Choppers mado £2 10s to £6 17s 6d, light baconers £3 5s to £4, heavy baconers £4 7s to £5, extra heavy baconers to £5 19s 6d (average price per lb 6d to 7d), light porkers 36s to 475, heavy porkers 50s to 59s 6d (average price per lb 7d to 8d). In tho storo pig section there was a fairly largo entry and prices wero on par with late rates. Wcanors mado 11s to 15s 6d, extra good to 17s, small stores 17s to 225, medium 23s to 275, good store 28s to 325, extra to 40s.

STOCK MARKET. Wright, Stephenson find Co., Ltd., and Abraham and Williams, Ltd., report on tho Johnsonville sale held yesterday as follows;—"Thero was a small attendance of butchers, to whom wo submitted a small yarding of sheep and cattle. Tho bullocks offered wero mostly light and prices wero easier than last week’s rates. Heavy cows m et with a good demand at lato rates. Sheep sold freely. Wc quote: Bullocks, £l3 10s, £l3 15s, £l4, £l4 10s,- £l4 17s 6d to £ls; cows, £ll 15s, £l3 17s 6d to £l4; cows (light), £5, £6, £6 15s to £6 17s 6d; wethers, 42s 6d, 435, 46s 6d, 47s to 51s; ewes, 345, 34s 9d, 39s Id, 39s 3d to 39s 6d.” ~ Abrahams and Williams, Ltd., report: At Taumarunui on Tuesday we yarded 1144 sheep, 130 head of cattle, and 67 pigs. There was a good attendance of both local and outside buyers and a keen demand for everything offered. Quotations: lat and forward wethers, 33s 6d; ewe hoggets, 31b 6d to 38s 10c!; small, 21s 6d; wether hoggets, 27s 6d to 295; m.s. hoggets, 24s to 275; fat cows, £7 10s to £lO Is; fat bullocks, £l4 2s 6d ; 3 and 4-year steers, £7 10s to £8 19s; 2-year' steers, mixed colours, £5 ss; woaner steers, £3 18s to £4 19s; store cows, £2 17s 6d to £5 16s; yearling Jersey cross heifers, £2 Is to £4 18s; cows and calves, £5 3s to £6 10s; dairy cows, £5 15s to £9; springing heifers, £6; porkers, 35s to £2 ; storo pigs, 21s 6d to 32s 6d; woaner pigs, lss 6d to 18s. LINSEED MARKET. Tho Department of Agriculture has received the following cablegram, dated 4th instant, from Calcutta, with reference to the linseed markot: —Quotation : £l6 15s for linseed per ton net'e. and f. Sydney for immediate shipment. Market .steady.

THE DAIRY INDUSTRY. AUCKLAND’S OUTPUT. HEAVY INCREASES. AUCKLAND, Sept. 3. The favourable tread in dairy production continues and Auckland’s output for August shows substantial increases, both in butter and cheese, _ compared with the same poriod in previous years. Details are as follow: Butter - and cheese roceivod and delivered for month ended August 31, 1928. 1928 1927

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. At the afternoon call yesterday on tho Wellington Stock Exchange 6alos were reported of National Bank of Australasia £5 paid) at £9 8s 9d, Auckland Gas at 23s sd, and Westport Coal at 30s 7id. Government eecurities were very, dull and only tho 5i percont. bonds wero in demand, at £lOl ss. Wanganui City, 5J per cents. (1945) were wanted at par, and Wellington Gas (debentures) wero also in demand at par. The demand for bank shares revived, and there wero buyers of Australian Bank of Commerce at 33s 9d, Commercial Bank of Australia at 30s 6d, Commercial Bank of Sydney £27, National Bank of Australasia, £lO paid at £lB 19s and £5 paid at £9 8s 6d, and Bank of Now South Wales at £SO ss. There wore sellers of Bank of Australasia at £ls Is, National Bank of New Zealand at £7 4s and Bank of New Zealand at 625. Goldsbrough Mort wero firm at 516, and National Mortgago at 80s. New Zealand Guarantoo Corporation (preference) were wanted at 21s, Wellington Trust and Loan at £6 17s 6d, Wellington Deposit at 9s 9d, Auckland Gas at 23s sd, iGsborne Gas at 9s 6d, Wellington Gas at 29s 3d, and Standard Insurance at 63s 6d. , , . Huddart-Parker were in good .demand, tho ordinary at 48s 9d, and tho preference at 21s 3d. Wellington Woollen wero also firm, tho ordinary at £6 9a and the proferonce at £6 10s, and advance of Is in each caso. There were buyers of Kauri Timber at 19s 6d, Ley-land-O’Bricn Timber at 34s 3d (an advance of Is), National Timber at 7s 6d New Zealand Breweries at 48a 6d, Colonial Sugar at £6l 10s, British Tobacco at 43s 3d, Howard Smith at 26s 3d, Now Zealand Drug at 71s, Now Zealand Farmors’ Fertiliser at 84s, Wilsons Cement at 38s 6d, and Mount Lycll Mining at 33s 9d. Yesterday’s buying and soiling quotations woro as under:— 1 Buyers. Sellers.

REDUCTION OF CAPITAL. (Australian Press Association.—United Service.) LONDON, Sept. 5. Tho Chancery Court at Manchester confirmed tho reduction of the capital of Winkworth Consolidated Mills, Ltd., Bolton, from £7,000,000 to £4,000,000. ENGLISH WHEAT MARKETS. (Australian Press Association. —United Service.) LONDON, Sept. 4. Wheat. —Cargoes dull, quotations unchanged, tone easier. Parcels, inactive, about lato rates. Liverpool futures: October, 8s per cental; December, 9s o|d; March, 9s 2d.

EXCHANGE RATES. (Australian Press Association —United Service). • LONDON, Sopt. 3. Foreign rates of exchange on September 3, as compared with par rates, or as averaged first half of 1914, aro as follow: — Sopt. 3. Par.

P. AND 0. STOCK. (Australian Press Association. —United Service.) LONDON, Sept. 4. P. and O. deferred stock, £249.

Boxea Crates Boxes Crates of of of of Butter Cheese Butter Cheeso Received ... 88,068 2.532 67,734 2,028 Delivered . 57,245 1,706 62,013 1,457 THE SEASON’S RECORD. Since July 1," Received 115,921 Since July 4,238 87,069 3,589 7,381 1, Delivered 121,419 10,970 187,235 STOCKS ON HAND. August 31, In Store ... 69,863 2,672 51,820 3,472 The following table shows the monthly receipts of boxes of butter and crates of cheese for the months of July and August in recent years: — BUTTER. 1925. 1926. 1927. 1928. Boxes. Boxes. Boxes. Boxes. July 9,706 9,653 19,335 27,853 August ... 43,466 48,497 67,734 88,068 Totals .. 53,172 58,150 87,069 115,921 CHEESE. 1925. 1926. 1927. 1928. Crates. Crates. Crates. Crates. July 889 1,427 1,561 1,706 August ... 1,260 1,215 2,028 2,532 Totals .. 2,149 2,642 3,589 4,238

N.Z. GOVT. LOANS— £ s. d. £ B. d. 4? p.c. Ins. Stk., 1939 99 7 6 p.c. ditto, 1938 — 99 7 6 4i p.c. Bonds, 1938 ... — 99 7 6 54 P.c. ditto, 1933 and 1936 101 5 0 — DEBENTURES— Wellington Gas 100 0 0 — Wanganui City, 51 p.c., 1945 par BANKS— __ . . Australasia — 15 1 u Australian Bank of Commerce 1 13 9 — Commercial of Aust. (ord.l 1 10 6 — Commercial Banking Co. of Sydney 27 0 0 — 0 National of N.Z — 7 4 National of Australasia (£10) 18 19 0 — Ditto (£5) 9 8 6 — New South Wales 50 5 0 — New Zealand — 3 2 0 FINANCIAL — Goldsbrough Morfc 2 11 0 — National Mortgage ... 4 0 0 — N.Z. Guarantee Corp. (ord., 8s) — 0 9 1 Ditto (pref.) 1 1 0 — Well. Trust and Loan 6 17 6 — Wgtn. Deposit and Mortgago 0 9 9 — GASAuckland (paid) 1 3 5 — Ditto (contrib.) — 0 18 1 Christchurch (contrib.) — 0 12 10 Gisborne 0 9 6 • Wellington (ord.) 1 9 3 — INSURANCE— National — 0 16 6 Queensland — 3 5 6 Standard 3 3 6 — MEAT PRESERVING— N.Z. Refrigerating (£1) — 0 19 6 Ditto (10s) — 0 9 6 TRANSPORT— Huddart-Parker (ord.) 2 8 9 — Ditto (pref.) 1 1 3 — Union Steam (pref.) . — 1 1 0 WOOLLEN— Kaiapoi (ord.) — 0 0 13 9 Ditto (contrib.) 0 4 — Wellington (ord.) 6 9 0 — Ditto (pref.) 6 10 0 — COAL— Taupiri (ord.) — 1 8 0 Westport — 1 11 0 Waipa — 0 14 0 TIMBER— ' Kauri 0 19 6 — Leyland-O’Bricn 1 14 3 — National 0 7 6 0 10 0 BREWERIES— New Zealand 2 8 6 — Staples and Co — 2 0 6 MISCELLANEOUS— Colonial Sugar 61 10 0 — British Tobacco (Aust.) (ord.) 2 3 3 2 3 6 Howard Smith (ord.) . 1 6 3 — N.Z. Drug Co 3 11 0 — N.Z. Express Co. (ord.) — 0 18 6 N.Z. Farmers’ Fortilisor 4 4 0 — Wellington Cordage ... — 0 17 6 Wilson’s C’oment 1 18 6 1 19 6 MINING— Mount Lyell 1 13 9 —

Brussels, bolgas to £1 34.90 35 Paris, francs to £1 124.28 124.21 Stockholm, knr to £1 18.13 18.12 Oslo, knr to £1 .. 18.19 18.12 Copenhagen, knr to Berlin, reichsmarks ill 18.19 18.12 to £i 20.36 20.43 Itomo, liro to £1 92.67 ■ 25.225 Calcutta, pence to rupee 18 18 Yokohama, penco to yen 22 11-16 24 IIong-Kong, pence ( Montreal, dollars t :o dol. 24 7-16 24 ;o £1 4.85i 4.866 New York, dollars to £1 4.85 1-16 4.866 Amsterdam, florins to £1 12.104 12.107 Batavian, florins to £1 12.124 12.107 Prague, knr to £1 163J 24.02