FARMING AND COMMERCIAL

Manawatu Standard, Volume XLIX, Issue 78, 1 March 1929, Page 5

FARMING AND COMMERCIAL

WANGANUI WOOL SALES. PRICES FIRM AT AUCKLAND RATES. Per Press Association.WANGANUI, Feb. 28. The wool sale ended to-day with prices firm on Auckland rates. The official range of prices is as follows: Halfbred — d. d.

BROKERS’ REPORTS. DALGETY AND CO., LTD. Dalgety and Co., Ltd., report that the total offering at the Wanganui wool sale on Wednesday was 25,000 bales the wool catalogued being generally low to medium topmaking sorts with a few giood well skirted clips. Competition was in no way animated, English buyers being the principal operators. The wools were not \ery suitable for the Continental trade, being rather on the long side, and very mixed in quality. Many of the lots catalogued for the market were spoiled by faulty get up and growers will bo well advised to pay more attention to classing and skirting of medium to good wools. We expected the market would rule very firm on the last Auckland and Wellington prices, but unfortunately, through lack of competition, results must be quoted in buyers’ favour. When compared with last Wanganui sale, we at the time of writing, make prices for low and medium wools fully 2d down with good and super lots 2d to 23d lower. There was no life in the sale and, as previously stated, Bradford were the chief operators in fleece wool with France bidding fairly freely for best bellies, pieces and lam be’ wool. The large quantity of inferior pieces, bellies, lambe and locks wero mostly taken by Local scourers. Passings were heavy mainly owing in our catalogue to valuations not being reached. Although bidding was in no way spirited, it must be recognised that the quality and condition of the offering wa6 in the main inferior and only suitable for topmaking purposes. We see no reason why the market should come down and are inclined to the opinion that the lowest level has been reached. As usual our binned and reclassed lots brought strong competition and sold at remarkably good rates. Tho following are some of tho prices quoted: EHP, 11 bales H 14d, 20 bales E 133 d, 7 bales W 13fd; CHL/F, 4 bales crossbred 13Jd; GGT/K, 4 bales H 14d, 14 bales E 13|d; PWD 6 bales E 13d; FAM/Riverside, 7 bales’E 133 d; ACV/ B, 7 bales crossbred 12d: line over 66, 17 bales H 14fd, 21 bales AE 133 d; B diamond B, 25 bales E 133 d, 7 bales lambs 16d; line over AK, 9 bales crossbred Ramahiku, 5 bales halfbred 16id, 7 bales crossbred A 143 d, 4 bales crossbred B 13d; RJM/O, 4 bales E 12id; TEAWA, 5 bales halfbred 16id, 4 bales crossbred A 133 d, 8 bales Lns. 16Jd; MO/ H 6 bales crossbred E 13^d; N and W, 4 bales E 123 d; SARI, 0 bales H 123 d;

Lodge/JK, 10 bales E 13fd; JAJ/M, 16 bales AE, 14d; Tataramoa, 4 bales S.D. lambs 163 d, 5 bales lambs 16Jd; RJB/Poroa, 13 bales H 143 d, 46 bales E 14d; 7 bales lambs 18d, 4bales crutchings 103 d, 4 bales bellies 93d; RSB, 8 bales H 14R1, 23 bales E 12fd, 26 bales W 12d; Kuku, 4 bales crossbred 13fd; RG/O, 4 bales crossbred l*id; B wineglass B, 3 bales lambs 163 d. N.Z. LOAN AND MERCANTILE AGENCY- CO. Tho Now Zealand Loan and Mercantile Agency Co., Ltd., reports the following prices at the Wanganui wool sale this week;—JT/OPAEA, E, 13d; JWH, A, 13. d passed, B, 13d, Dwn, 144 d passed; H. BROS, AA, 153 d, A, 14d; TOD/M, HA, 15d, A, 15d; St. Andrews, Cor. 11, 153 d, Cor. AA, 173 d, Cor. lbs. A, 203 d; HIRIA, HA, 16d, A, 16d, Lbs. A, 16d; B, EA, 14id, Lbs., 15d; GTS, E, 13d; PS/W/Omata, H, 153 d, WA, 143 d; GPW, Lbs. A, 17d; 76/WW, H and E, 123 d; TA/A, H, 143 d; Awatea, E, 13d; Mara-t-ea, HA, 143 d; (X), IIA, 15d; Pipitoua, II gets., 14d; WD/F, E, 14d; CH/Dell, Down, 17d, E, 143 d; 6K, EA, 14d, Lbs., 173 d; Avoca, Hgts., 133 d, W, 13^d; CB/E, E, 13d; K?, H, 133 d, W, 14d; SA, EA, 14d; GJB/T, X Bd., 13d; LW, H and E, 12d; JRB, E, 133 d; J/Tiore, 11, 133 d; GR, under horizontal lino X Bd. 123 d; HR/CARDROSS, HA and FIB, 153 d, EA, 143 d; S and G/Otuiti, lIA, 163 d; EB, 123 d; TR/T, E, 133 d; NNN, FI, 133 d, W, 12d; E/Kingswood, H, 14id, E, 133 d; BARRA, Hgts., 14d, E, 123 d; LJS, H, llid, W, llid; F/WS, X Bd., 14d; Pawai, 11, 153 d, Aa, 153 d, A, 133 d; MGH, E, 133 d; The Falls, E, 14id; AWB/T, E, 13id; VLP/Everest, X Bd., 13d; GP, E, 133 d; Opeke, EA, 143 d, EB, 123 d; SB/Matau, E and H, 133 d; EK, E, 13d; AB/S, X Bd., 12id; Tnnui, A, 14d; RUAE, EA, 14id, EB, 13id, Lbs., 163 d; GB/B, A, 14d; DSM/ Omerei, FI, 153 d, W, 143 d, Lbs., 143 d; FL, 11, 133 d, X Bd., 13d; TIIC, 11, 133 d; CB/Tekorito, A, 133 d, B, 13id, DA, 12id; AA/A, EA, 14d, Lbs., 163 d; W 4, FI, 123 d, W, 123 d; Te Roto, FIAA, 163 d, EA, 14d, EB, 13id; ACC/M, H, 12id; Rotowhero, EA, Lbs., 163 d; C/Tangiwai, HAA, 16id, AAA, 19d, AA, 173 d, Lbs. A, 173 d;, GT, HA, 15id, P, AA, 153 d, A, 143 d; GWB/Moawhango, H, 14d passed, AA and A,' 153 d, Lbs. A, 17d; RTB/ Ngatarua, EA, 153 d, EB, 14d; 3C/G, FI, 14d, E, 123 d; GTP, Down, 14d passed, A, 12id; Oneida, E, 13d, Lbs., 163 d; RJG, Cor. 11, 15d, Rom., 13d, Cor. Lbs., 16id; JAM, W and E, 123 d; C, between lines, H, 133 d, E, 13id; JH/S, H, 10id passod; GT, over line, FIA, 153 d, EAA, 163 d, Lbs., 193 d; G, lIA, 153 d, EA, 14d, Dn. Lbs and A Lbs. 173 d; UL/R, FI, 13id; WB/Paripapa, H, 143 d, E, 133 d; JL/Taoroa, EA, 133 d; Morikau/ OA, Lbs. A, 163 d; M and S, FI, 14d; Tullocligorum, HA, 15id, EA, 143 d, Lbs. A, 193 d; Mokoia, Down FI, 14i passed, Down, 143 d nassed, FIA, 14d passed, EA, 123 d; FISG/’T, H, 133 d, X Bd., 143 d; McK, E, 133 d;. OISG, EA and H, 14d; D Bros/T, H and EA, 133 d; Pukeroa, FI, 15d; J/Autumutu, A, 15d; MONA/L, FI, 12d passed, E, 14d; McK/TANUI Dn. Lbs., 16id; PMD, 3 Bd., 19id, HA, 173 d, WA, 14d, EA, 153 d, Lbs. AA, 18id; McK, A, 13id; Preston Flill, EA, 14d, Lbs., 17id; HOFI, IF, 143 d, EA, 12d; LHS/R, H, E and W, 113 d passed. ABRAHAM & WILLIAMS, LTD., AND WRIGHT, STEPHENSON & CO. LTD. | Abraham and Williams, Ltd., and Wright, Stephenson and Co., Ltd., report at the Wanganui wool sale the following wore some of their best realisations: — 1 Merchistion, 6 bales S.D. lambs 213 d, 4 bales super lambs 193 d, 4bales lambs A 163 d, 4 bales super crossbred l&fd, 21 bales AA 153 d, 24 bales A 14id, 19 bales B 13d; FE, 13 bale* HA 17d, 38 bales EA 15d; Okirae, 13 bales EAA 15d; Marahau, 10 bales lambs A, 193 d; Challenge, 4 bales HAA 18d, 18 bales fine crossbred 163 d, 8 bales fine crossbred 153 d, 10 bales crossbred medium 143 d, 11 bales crossbred fine 143 d, 11 bales H fine 163 d, 10 balek S.D.B, 153 d. 17 bales HD 15d, 19 bales A lambs 143 d; ALH, 26 bales AA 14d, 22 bales A 133 d, 11 bales B 12id; K/AVOCA, 12 bales H 133 d, 9 bales W 12id; Arapewa, 12 bales H 143 d; GA, 11 bales Romney E, 13d; Strathendrie, 5 bales Ewe 133 d, 5 bales Ewe 133 d; AML, 5 bales II 14d, 15 bales E 133 d; HGB, 25 bales A 14d, 14 bales B 13d; 7F, 4 bales AA 143 d, 7 bales A 133 d, 12 bales B 123 d; HSG, 5 bales H 14d, 5 bales W 133 d, 15 bales Ewe 133 d; JVB, 7 bales E 13id.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINES AND PRICES. A salo of Blenheim Oil shares at 60s made late on Wednesday was reported at yesterday morning’s call on tho Wellington Stock Exchange. At the afternoon call sales were reported of Now Zealand Guarantee Corporation at 9s Id, Now Zealand Breweries at 58s, and Colonial Sugar at £6O. Government securities wore firm and unchanged. Tho 4i per cents, wero in demand at £99 15s, and the 5i per cents, at £lOl ss. Waitomo Power Board, 5i per cents., wore wanted at £99 10s, Wellington Racing Club (debentures) at £lO6 10s, and New Zealand Breweries (bonds) at 26s 4d. Bank shares were in fair demand, but for a limited number. National Bank of Australasia, £lO paid, were wanted at £l9 7s 6d, Bank of Now South Wales_ at £SO 15s, ox-dividend, and t Bank of New Zealand “D” shares at’ 28s 6d. Sellers quoted £ls Is 6d for Bank of Australasia, 63s 9d for Bank of New Zealand, and £ls 9s 6d for Union Bank. Dalgety and Co. wero firmer at £ls 11s 6d, and Goldsbrough Mort at 52s Bd. Loan and Mercantile wero in demand at £126, New Zealand and River Plato at 33s 9d, and New Zealand Guarantee Corporation at 9s. Wellington Investment were steady at 10s 9d. There wero bids of 16s Id for National Insurance, and 64s 9d for South British Insurance. Gas shnros were steady, with buyers of Auckland Gas at 24s 2d, Christchurch Gas at 25s 9d, and Wellington Gas at 31s. Wellington Meat Export were firm at 12s, and New Zealand Refrigerating at 7s 7d. Union Steam were wanted at 20s 4d, Mosuiol Woollen at £7 10s, Wellington Woollen, ordinary at £7 4s 6d and preference at £7 ss. Kauri Timber were steady at 7s, and New Zealand Breweries at 57s 6d. There were buyers of Burns, Philp (South Sea) at 30s, Colonial Sugar at £59 15s, Dental and Medical Supply at 10s, D.I.C. preference at 20s 9d, Holden’s Motor Builders at 28s, Newton King at 8s 6d, Sharland and Co. at 20s, Taranaki Oil at 4s 6d, Wairarapa Farmers’ at 13s 9d, Wilson’s Cement at 40s 3d, Gasco Bricks at 27a 6d, and Mount Lyell at 43s 9d. Yesterday’s buying and selling quotations wero as under:—

SALES IN OTHER CENTRES. s 1 Por Press Association. ’ DUNEDIN, Feb. 28. j Sales reported.—Five and a-lmlf per cent. y Inscribed Stock, 1932, £99; National Inr surance, 163 3d; Staples’ Brewery, 445; 1 New Zealand Paper Mills, 18s 3d. AUCKLAND, Feb. 28. s Sales. —War Loan, 1930, 4| per cent., 1 £99; Commercial Bank of Australia, 295; t National Bank of Australasia, £l9 8s 6d; 1 Bank of Now Zealand, 63s 9d; Devonport 1 Steam Ferry, 24s 13d; Nothern Steamship (contg.), 6s Id, 7s; Wilson’s Cement ‘ 39s 9d; Ohincmuri Gold and Silver, 8s sd; Waihi Mining, 13s 6d; Mount Lyell, 445. j CHRISTCHURCH, Feb. 28. Sales. —Now Zealand Government, 53 per . cent. Inscribed, 1936, £lOl 12s 6d; Goldsj brough Mort, 52s Bd, 52s 6d; United Build- . ing. 16s 8d; Auckland Gas, 24s 3d; Christs church Gas, 26s 3d; Christchurch Gas (10s 1 paid), 13s; Mt. Lyell, 44s (2 parcels); Tara- , naki Oil, 4s 9d; Victoria Nyanza Sugar, 3 42s Id (2 parcels); Wilson’s Cement (late s sale yesterday), 41s, 40s 6d (two parcels); Mahakipawa, Is 43d. ’ Salos reported.—Commercial Bank of Australia, 29s Id; New Zealand Farmers’ ' Co-op. (63 por cent. Stock, 1939), £9l (two ■ parcels). , LONDON WOOL SALES. , Dalgety and Company, Ltd., report under date London, 26th I’ebruary, 1929: —The 1 - following vessels in which wo are interested have arrived in tirno for tho sales ( commencing on sth March: Karamca, Ro:torua, Norfolk, Tamaroa, Matakana, Tara- : naki. Our selling dates are Bth and 19th I March. The following are the quantities available: Australian 34,000 bales, New Zea- | land 40,000, Cape 2000, South America ' 19,500, sundries 4000, carry forward 15,000, | total quantity available 114,500. AUCKLAND GAME FOWL CLUB. At a meeting of the Auckland Game Fowl Club on Tuesday last, it was decided to launch out in their own show this year, the dates settled oh being July 25th and 26th. A sub-committee was set up to go into the arrangements for tho schedule, and as this club has twelve very fine trophies, and present indications are very satisfactory, it is anticipated to stago between 150 and 200 birds including bantams. NEW DIET. FALLING IN BEEF CONSUMPTION. i (Australian Press Association.) 1 CHICAGO, Feb. 27. Mr Everett Brown, president of tho Chicago Livo Stock Exchange, stated today that there had been a shrinkage of 1,375,000 dollars in the value of livo stock in the United States in tho last six months. Diet propaganda was destroying tho meat business, and prices for beef cattle had dropped about four dollars por 1001 b. Mr Brown added that the demand for beef had been so curtailed that consumption in some sections was 25 per cent, under normal. Some experts asserted that tho markets were clogged with beef which could not bo sold. Mr Brown also pointed out that there was a great change in the public diet in progress; meat was cut to a point 45 per cent, less than ten years ago.

The pig entry was not large, there being about 150 fats and 28 stores. Baconers were easier by about 5s a head on last week’s rates, and porkers suffered almost as great a doeline. Stores met with only a fair demand.

STOCK MARKET. Abraham and Williams, Ltd., report having held a very successful clearing sale of dairy stock, horses and sundries on account of Mr R. Chisholm, of Bainesse, on Wednesday. There was a good attendance and a total clearance was effected at prices ranging as follows: —Best cows, £B, £8 10s, £8 15s, £9, £9 ss, £9 10s, £lO. £lO 10s, £lO 15s, £ll to £l4; others, £5, £5 10s, £6, £6 15s, £7 to £.7 10s; spring cart mage, £l3 ss; implements and sundries sold well at late rates.

The New Zealand Loan and Mercantile Agency. Co., Ltd., report:—-At our Rongotea salo on Wednesday wo had a good entry of sheep and a medium entry of cattle. Sheep sold well up to recent sales; cattle, however, were easier. We quote: Fat and forward ewes, 19s 6d to 20s 3d; f.m. ewes 17s to 18s 6d, rape lambs 19s 9d; medium lambs 16s to 17s 2d, small lambs 11s to 14s 6d; fat cows £6 15s to £8 3s; fat and forward cows £5 to £6 10s; store cows £3 to £4 14s.

Dalgoty and Co., Ltd., Palmerston North, report having held their usual fortnightly sale at Taihape on Wednesday, 27th inst., when a very heavy yarding of sheep and a fair yarding of cattle came forward. There was a large attendance of buyers, and all lines submitted met with keen competition and changed hands at prices satisfactory to vendors. Wo report a total clearance at the following prices. Sheep: Fat ewes, 23s 6d, ewes 12s Id, 16s, 18s Id to 225, 2th ewes, 33s Id, 33s- 6d to 355, 4th ewes 34s 6d, m.a. ewes 17s 6d, 20s, 22s 3d, to 24s 4d, 4 and syr. ewes 25s 6d, 265, to 27s lOd, 2th wethers 265, 27s 6d to 27s 7d, 4th wethers 29s 5d to 29s 9d, small m.s. b.f. lambs 123 Id to 13s sd, shorn wethers lambs 13s 5d to 16s, medium ewe lambs 21s to 22s Id, Rom. rams ljgns., 2£gns., 3igns. to 4jgns., S.D. rams, 2gns. to 6gns., aged Rveland rams lgn. to ligns. Cattle: Fat oows £8 6s, bullocks £8 to £ll 7s 6d.

ftfi/SR • to 194 Extra Fine Crossbred, 48/50 — Super 16| to 174 Average lb to 164 Inferior 13 to 14 Fine Crossbred, 46/48 — 16 174 Super to Average 14 to 154 Inferior 11 to 13i Medium Crossbred, 44/46 — 15 16 Super to Average 134 to 14J Inferior 11 to 12 Coarse Crossbred, 40/44 — 14* Super 134 to to 13 Inferior 11 to 12 Low Crossbred, 36/40 — 12 to 3.32 Superior Average lOjF to 12| 9 to 10 Hoggets— 16 to 18 Fine, 46/48 14 to 164 Medium, 44/46 13 to 154 Coarse and low 114 to 13 Lambs — to 20 Fi 13 to 224 Tl/T 1 * 16 to 174 Seedy and inferior ... Bellies and Pieces— 6 to 12 Crossbred — 11 to 14 Good to super Low to medium 8 to lOjjr Crutchings— Medium to good 104 to 12g Inferior to seedy ... 7 to 10 Locks — 6 to 74

Buyers. Sellers. N.Z. GOVT. LOANS- £ s. d. £ s. d. 44 p.c. Ins. Stic., 1938 99 15 0 100 2 6 5£ p.c. ditto, 1936 101 5 0 — 5i p.c. ditto, 1941 99 5 0 — 44 p.c. Bonds, 1938 .. 99 15 0 100 2 6 44 p.c. ditto, 1930 — 99 15 0 54-p.c. ditto, 1933 and . 1936 101 5 0 54 p.c. ditto, 1930 — 99 12 DEBENTURESWell. Racing Club .. 106 10 0 N.Z. Breweries (insc. 1 6tock) 1 6 0 — ! Ditto (bonds) 1 6 4 1 6 9 Waitomo Dower Bd., 54 p.c., 1964 99 10 0 BANKS— Australasia — 15 1 6 National of Australasia (£10) 19 7 6 — Ditto (£5) -- 9 14 0 New South Wales .. 50 15 0 — New Zealand — 3 3 9 Ditto, “D” long terra 1 8 6 Union of Australia .. — 15 9 6 Ditto, Melbourne register — 15 10 6 FINANCIAL- * Goldsbrough Mort .. 2 12 8 2 13 0 Dalgety and Co. Melbourno register) ... 15 11 6 — N.Z. Guarantee Corp. (ord.) 0 9 0 0 9 2 N.Z. Loan and Mercan tile (ord.) 126 0 0 130 0 0 N.Z. and River Plate ...1 13 6 1 15 0 Well. Invest., T. & A. 0 10 9 GASi Auckland (paid) 1 4 2 — 1 Christchurch 1 5 9 1 6 0 Wellington (ord.) 1 11 0 — INSURANCENational 0 16 1 — South British 3 4 9 — MEAT PRESERVINGGear — 2 4 3 N.Z. Rcfrigerat. (10s) 0 7 7 0 7 9 Well. Meat Ex. (crd.) 0 12 0 0 13 0 TRANSPORT— Huddart-Parker (ord.) — 2 7 3 Union Steam (prof.) . 1 0 4 — WOOLLEN— Kaiapoi (ord.) — 0 14 6 Mosgiel 7 10 0 — Wellington (ord.) 7 4 6 7 7 0 Ditto (pref.) 7 5 0 — COALWestport — 1 12 9

TIMBER — Kauri 0 17 0 National ’ ’ 0 11 0 BREWERIES— Crown (in liq.) 0 7 6 New Zealand 2 17 6 — MISCELLANEOUS— British Tobacco (Aust.) (ord.) 2 9 3 Burns, Philp (South .Sea) 'l 10 0 Colonial Sugar 59 15 0 — Dental and Medical Supply 0 10 0 _ D.I.C. (prof.) 1 0 9 — . Holden’s Motor Bldrs. 1 8 0 — Newton King (pref.) 0 8 6 — N.Z. Paper Milk 0 19 0 Sharland and Co. (ord. and pref.) 1 0 0 Taranaki Oil 0 4 6 — Wairarapa Farmers’ (pref.) Wilson's Cement 0 13 9 _ 2 0 3 — Blenheim Oilwell — 3 0 0 Gasco Bricks 1- 7 6 — MINING— Mount Lyell 2 3 9