FARMING AND COMMERCIAL

Manawatu Standard, Volume XLIX, Issue 161, 8 June 1929, Page 5

FARMING AND COMMERCIAL

NATIONAL DAIRY SHOW. ITS EDUCATIVE VALUE.- ' (By “Ploughshare.”) With the opening date of the National Dairy Show closo at hand, it is appropriate at this time to remind farmers of the great importance of this event, and of the part that the association responsible for its existence is endeavouring to fulfill in fostering agricultural and pastoral pursuits. Although primarily an exhibition of products of the soil, the show aims at bringing together every section of the community for their mutual benefit. It provides competition and competition industry, cither primary or secondary, must lead to inn provement, and when consideration is given to the wonderful development which has taken place in farming" and industrial pursuits in the Manawatu and surrounding districts during the past twenty-five years due acknowledgment must bo given to the great help which has been provided through the educative influence lof exhibitions held under the auspices of A. and I’. Associations.

Encouragement of the youth to improve their work is provided in the division covering school exhibits which has always been a strong feature and provides a show in itself. The needlework and home divisions have ever been well supported by the ladies and have provided an array of articles which display wonderful skill in craftsmanship which is as useful as it is beautiful.

One of the most important aspects connected with largo shows such as the National Dairy Show is that they encourage a community of interest between town and country producers, and convey to the public at .large an impression of the importance of agriculture,- and the growth of trading concerns. in our midst, and, more directly, demonstrate the dependence of everybody upon a sympathetic goodwill between all who must live by the efforts of work and enterprise. Although tho dairy section of the show can never be more than so many boxes of butter or crates of cheese to the casual sightseer, it represents tho product of an industry of vital importance to tho progress and well-being of the Dominion. Here is displayed tho concentrated skill of the farmer and the factory manager, aided by the research of the scientist who has given tho man on the land a new and better outlook in dealing with farm problems, and has enabled the manufacturer to put -up an article of diet which more than holds its own with anything of tho same kind produced in any part of the world. To manufacture an exhibit worthy of being entered in the Manawatu Show requires a thorough knowledge of the technicalities of his profession, and to gain an award is an honour indeed which can be shared both by tho farmers who deliver the raw material and the manager who makes the exhibition box of butter or crate of cheese. The displays made by other farm and garden produce on exhibition give an indication of what good farming can accomplish and inspire a spirit of emulation among others. Although the entries are drawn from comparatively few farms as a rule, they serve as a basis for comparisons with those at home which would have won the prize if they had been entered. A great deal of useful information is gained from this section by the exchange of ideas by farmers when viewing the various exhibits displayed. A better knowledge of the best varieties of plants to bow and their subsequent treatment is thus obtained and invariably put into practical use later on. • Show exhibitions foster trade' relations between town and country and extend the communal interest in home, town and district productions and, generally, broaden the outlook by their educative value. A firm that is prepared to place its goods on open exhibition, adequately advertise tame, and demonstrate their qualities under the close examination of tho public quickly establishes a reputation for business enterprise. At no time has the fanner been so interested in mechanical devices designed to help him in his work than at present. Another factor which is often overlook cd is the opportunities afforded to bring together representatives of. all classes of trade and commerce where . trading and other problems may be discussed. The farmer meets the machinery vendor and Ihe housewife the town tradesman; views aro exchanged and each moves on with a broadened outlook. The competitive classes establish a rivalry which induces resolutions to go home and do something bet-, ter, and the consequence is an improvement in methods and quality. Any reference to the educational value of exhibitions such as the one under notice would be incomplete without mention of the efforts made by the Department of. Agriculture in giving a load to farmers in advanced methods of increasing productivity in farming pursuits. The large amount of space secured by the department this year will enable a comprehended exhibit to be staged which will coyer nil branches of rural enterprise with spccial-i-ts in attendance to give advice and instruction to all who may be seeking for knowledge. A special feature of this year’s display will demonstrate the latest knowledge gained by experiments in tiop-drcss-ing of pastures.. Under the new system of grassland farming, which is rapidly coining into vogue, every farmer is vitally interested to learn what combination of grasses and manures will give him the best economic returns, and also how to utilise tlio material to the greatest advantage after it has been grown. This knowledge will bo at his disposal at the show through the medium of a large number of exhibits si -playing samples of different pastures which have been treated with various fertilisers under the supervision of experts who have made this branch of agriculture their special study. Prominence is given to the. different methods which may be employed in the making of ensilage which provides an effective way of utilising surplus growth and of conserving the nutritious qualities of the herbage._ For the first time in this district thero will ho oil view models of how stack pit and trench silos *hould bo constructed. During tho past Bummer a good many farmers, made their initial attempt at manufacturing ensilage and in many instances found themselves hampered in their work by a want of knowledge in the proper procedure to follow. The departmental officers have laid themselves put to supply this information.

HERD TSTING ASSOCIATIONS. INFLUENCE EXTENDING. Figures recently published show that the herd'testing movement is gradually extending itr> influence in all the centres. Away back in tbc year 1909, when the Dairy Division mado an attempt to popularise this niofins of improving the yields of dairy cows, only lukewarm support was forthcoming and, in that season, onlv 815 cows were systematically tested. Since that time very little substantial improvement was shown till about the yeai 1920, when the gnoup system of testing was adopted. This method is on much the name lines as that carried out so successfully m Denmark since 1895. This scheme was so favourably roceived that the .N.Z. Co-opci-alivo Herd Testing Association was termed in 1922. The success of the Herd I testing Association lies in the fact that they have been working along the lines of herd improvement, The association was responsible for the formation of the Dominion Group Herd Testing Association, which comprises twenty group associations which control operations in every part of the union. Tho objective of the federation is a New Zealand average of 3001 b. of butteifat per cow, I he average lust year being just under 2001 b. for all dairy cows being milked. This objective, which experts say is possible of attainment, would result m increasing the export value of dairy p (luce by well over .610,000,000 per annum. Only a few years ago, a 3001 b. avc, j*jj> ’ even in the best herds, was far from j 1 mon. To-day, however, there are him of herds under test whose average pi lion is over tho 3001 b. mark, and . have reached the 4001 b. standard. It is estimated that the number of cows i < test this season will exceed 250,000, oi about 20 per cent, of the cows in milk, so tncio is much room for further expansion. in addition, there arc numbers of co ' are tested privately Although the primary reason for testing is aimed at ‘bscovering the unprofitable members of the he , fcict that the daily return? arc under observation creates an additional mteiest n tho wellbeing of his cows by lhc In his desire to-excel tho observant ibtuy-

man lakes extra precautions ,fo see that good supplies of fodder aro always available and any fluctuations in the test servo as a reminder that something is wrong with tho management. The testing movement has had a decided effect in bringing about improvements in the care of stock, besides acting as an incentive to breeding a better class of dairy cow to replace those that have been discarded. Tho Manawatu Herd Testing Association has done good work in the area- under its control, and when the official figures covering tho past season’s work arc available, some very useful information will bo forthcoming regarding the gains in butterfat made by herds which have been regularly tested during tho past few' years. Herd testing is not only placing dairying on a better business footing, but the whole outlook of the fanner and his family has been elevated. It is helping to do away with the drudgery by introducing interesting and scientific work which must make for increased prosperity. It is the expressed opinion of one of the leading authorities in the Dominion that no other country in the world has made such progressive strides in the practice of herd testing during the past four years as New Zealand. While other countries arc endeavouring to settle tho scrub bull menace by other means, New Zealand appears to have definitely' solved the problem by education instead of coercion. The calf-marking scheme introduced a few years ago is definitely playing an important part in the development which has taken place. Through this scheme the day is not far distant when only marked stock will be offered for sale. Calf-marking indicates breeding and butterfat backing, and the buyer will satisfy himself that the calves have constitution, thus obtaining the three essentials so necessary in a potential dairy cow—breeding, butterfat and constitution. The dairy farmer with a low producing herd can at a very little expense nowbuild up a collection of high producers in a short space of time. NATIONAL DAIRY SHOW. Once again the Winter Show of Palmerston North comes round and the programme this year is oven more comprehensive than have been the previous ones. That is setting a very high standard, but one worthy of tho Manawatu district. Tho Show this year will open on 18th June and will bo ojten each night until 10 p.m. on the 22nd June. The co-operation of tho Railway Department has been secured and there will bo excursion fares on all the branches of the North Island system. The programme this year includes the time-honoured Te Ante Native College and P.N. Boys’ High School match on Wednesday, 19th June, while on the Saturday the local High School will meet the cream of tho Wairarapa Boys’ High School from Masterton, a game which will be as good as the one played on the Wednesday. Talkie pictures will be another of the attractions. The trades halls are already fully booked up and even at this stage arc hives of industry in preparation for the Show. Those desirous of taking out membership with tho A. and P. Association arc reminded, also, that now is the time to attend to it. By joining now the member gets the full privilege of both shows, and will have eight days’ and nights’ amusement and instruction for one pound. Write to the secretary of the association, Box 85, Palmerston North, for particulars, or, better still, send along one pound and receive your tickets by return mail. The Show opens on 18th June. WELLINGTON RABBITSKIN SALE. ■ Dalgety and Coy., Ltd., report having held their third sale of the 1929 season on Friday. A large offering of all grades was submitted to a full bench of buyers representing tiic principal fur selling houses in New Zealand, furriers, exporters, etc. The catalogue contained some nice lines of winter skins which were eagerly competed for and realised excellent prices. The prospects for good winter sorts in the future Miles appear good, as this grade of skin is in short supply. In sympathy with the recent drop in the London market, prices for summer and autumn grades were from 2d to 4d per lb. lower. Tho following is the range of prices:—Runners and suckers, 21d to 35d; light racks, 42s to 44id; heavy racks, 32d to 44d; summers, 30cl to 31d; dawny autumns, 44d to 44jd; early autumns, 503 d to 543 d; late autumns, 60|d to 66id; incoming winters,. 663 d to 683 d; early winters, to 90id; early winter docs, 91d to 96d; prime bucks, 92d to 100 id; prime docs, 120 d; first bucks, 84jd to 93d; first does, 101 to 109jd; winters, 563 dto 83d; early winters and winter blacks, 80id to li.3d; autumn and inc. blacks, 64d to 70cl.

The New Zealand Loan and Mercantile Agency Coy., Ltd., report: —Competition was. good but prices- for summer and autumn grades, in sympathy with tho recent London sales, showed a decline of from 2d to 4d per lb. Winter sorts under spirited competition realised very cx-ccllcnt prices. The prospects for good winter skins in the ftuuro sales are very good as this grade is in very short supply. The following is the range of prices for wcil-setchod and well got up skins: —Runners and suckers, 21d to 35d; light racks, 42d to 441 d; heavy racks, 32(1 to 44(1; summers, 30d to 31d; dawny autumns, 44d to 44£d; early autumns, 503(1 to 54Jd; late autumns, 60RI to 66Jd; ineg. winters, 66J to 68Jd; early winter bucks, 72R1 to 90a<I; early winter does, 91 to 96d; primo bucks, 92d to 100 id; primo docs, to 120 d; first bucks, to 93d; first does, lOld to 109 id, winters, 563 d to 83d; E.W. and winter blacks, 80id to 113 d; autumns and inegs. blacks, t)4d to 70d.

SKIN, HIDES AND TALLOW. The fortnightly sale of hides, skins and tallow wi# lield at Wellington yesterday. There was the usual attendance of buyers I and competition was keen throughout. I Hides: All weights sold readily at late rates with an occasional advance of id to 'id per lb.; kip and yearling id to Id higher; calf about on par. Ox, 33lbs. to 44 lbs. 7d to 7sd; 451bs. to 521b5., 6fd to 7id; 531bs. to 591b5., 7id to 9d; 601bs. to fc9 lbs.! 9id to 10ad; 701bs. and over, 9§d to 10id. Cow, 331bs. to 391b5., 6d to 7jjd; 40 lbs. to 481 bs., 6d to 7RI; 491bs. and over, sld to 7id; kip, 251bs. to 321b5., 8d to 9iil: 17Ibs. to 24lbs„ 8d to 9j)d; yearling, lllbs to 16ibs., BJd to 10id; uulf, 9lbs. to lOlbs.’, 9d; 6lbs. to Blbs., 12Jd to 14d; lib. to 51 bs., 9d to 14id. Dry sheepskins: Firm at late rates: Half bred, Hid; fine crossbred, lid to 133 d; medium, 113 d to 12id; coarse, lOd to llid; half wools, lOd to 113 d; quarter wools, lOd to 12d; pelts, 7id to llid. Salted skins: Market firm and late rates well maintained, l’clts, none offering; quarter wools, 5s Id to 7s Id; half wools, 4s 3i| to 8s 9d; three-quarter wools, 8s 6d to IDs- full wools, 9s to 10s 9d; extra large, 11s’ 3d- lambs, 3s 5d to 7s Bd. Tallow: Slightlv easier. In casks, 26s to 30s; in tins, etc., 21s to 28s. Sundries: Cow tails, loci to 19id.

FROZEN MEAT. Daleetv and Coy., Ltd., report: Lamb: N Z fe nriinn Canterbury lamb, 28/36lbs, 0 38d • North Island, 9^d; Canterbury, xamo qd ■ North Island, 8 5-8 d; C'anter--1,,/rv ’ second quality, 9d, North Island, 9U 42/50, 8/d ; North Island 8(1.’ ■ Market, any change is in favour of sellers; demand continues. Mu ton: N.Z. i,rime Canterbury mutton, 48/56, 7d berth Island, 6 3.-4 cl; Canterbury, 56/64, A'rl- North Island, 5 7-8 d; Canterbury, MHZ sid North Island, 64/72, sid; Can ter bury ewes, 48/64, 4 3-4 d; North Island ewes, 4 3-4*l. Market weak; do- , ..,i litnifoci Australian iamb and mufclon CAQ Australian lamb, 28/36, 8 3 4d- FAG. Australian lamb, Bd. Mar-L-et for Australian lamb unchanged; do- , .ifl fair G.A.Q. Australian mutton, 40/601b5., sid; Australian owes, 4 3-4 d. Market for Australian mutton weak; deM j nool . Beef: Argentine chilled {"inis 6id : fores, 4i«l. Pork; English uorkers 80/1001bs., lid; Now Zealand porkers! 80/100, 9d; 100/120, 81*1. LONDON TALLOW SALES. Dal-ety and Coy., Ltd. report low prices are unchanged to 6d per cwt. low*.

EEILDING STOCK SALE. FAT SHEEP MARKET SOUND. (Special to “Standard.”) EEILDING, Juno 8. High prices were again paid for fat. sheep at yesterday’s stock sale at Fcilding. lambs and ewes being tho largest entry. Wethers were in short supply and this fact evidently created an additional inquiry for ewes. Store sheep were yarded in email numbers and tho quality was not particularly attractive.

Dairy cattle met with a good inquiry, but only the best sorts wore wanted, while springing heifers also found a brisk market.

Store and fat cattle were dull, the entry attracting little attention. Prices over the whole sale were as follow:

Fat Sheep.—Lambs: 20s 6d, 21s 9d, 225, 23s 4d, 23s lOd, 24s 3d, 24s 6d, 24s 10(1, 25s Id, 27s 2d, 27s 7d, 27s lid to 30s Id; ewes, 22s sd, 22s lOd, 24s Id, 24s 6d, 25s Bd, 26s 4d, 27s to 29s 6d; wethers, 30s, 50s 6d, 325; 2-tooths, 29s 6d. . Store Sheep.—4-tootli wethers; 30s 0d; b.f. lambs, lbs; cull empty ewes, 13s, 13s 4d, 15s 3d; wether lambs, 17s Id, 18s, 19s. Dairy Cattle.—Springing heifers: £B. £9, £9 15s, £lO, ss, £11; dairy cows (JulyAugust cnlvcrs), £8 15s, £lO, £lO 10s, £ll, £ll ss, £ll 11s to £l3; cows in milk, £l6 10s.

Store Cattle. —Weancr heifers: £2, £2 7s, £3 10s, £4, £4 2s 6d, £5 to £5 3s 6d; cows with calves, £4; cows, £2 16s, £3 15s, £4 7s 6d, £4 10s to £5 14s; pedigree Jersey heifers r.w. pcd. Jersey bull, grade ditto, £5 10s; weaner steers, £2. Fat Cattle.—Cows: £5 10s, £6 2s 6d, £6 10s; vealers, £2. AUCTIONEERS’ REPORTS. Dalgety and Coy., Ltd., report having a moderate entry of fat and store sheep, all of which ciiangcd hands under steady competition. There was a good entry of dairy cattle and a small yarding of store cattle. Dairy cows and heifers again met with a keen demand. Quotations: Fat lambs, 21s 9d, 245, 27s lid, 28s 2d, 30s Id; fat ewes, 22s sd, 24s 6d, 26s 4d; small wether iambs, 17s Id; b.f. lambs, 15s to 20s; empty ewes, 16s 8d; forward ewes, 20s; 4-th wethers, 28s to 30s 7d; springing heifers £8 10s, £9 10s, £lO, £ll 10s; springing cows, £8 10s, £9, £lO. dairy cows at drop, £lO, £ll 10s, £l2 10s, £l4, £l4 15s to £ls 15s; empty cows, £4 10s, £4 15s to £5; small Jersey weaner heifers, £2 10s, £2 16s, £3 ss, £3 15s; fat cows, £6, £6 10s, £7, £7 10s; light fat heifers, £6, £6 10s, £7 to £B. Abraham and Williams, Ltd., report: A very good yarding of fat sheep came forward but not a big yarding of stores. The sale was brisk and every pen changed hands under the hammer. A good entry of dairy stock sold freely. Store cattle also sold at current rates. Quotations; Sheep; Fat lambs, 20s 6d, 225, 23s 4d, 23s lid, 245. 24s 6d, 24s lOd, 25s Id, 27s 2d to 325; fat ewes, 22s lOd, 24s 6d, 275, 27s Id to 29s 6d; fat wethers, 28s, 29s 6d, 30s to 30s 6d; store lambs, 15s to 19s; aged ewes, 13s 3d to 15s 3d. Cuttle : fiat cows, £5 ss, £5, 15s, £6 2s 6d, £7 to £9 10s; forward cows, £3 15s, £4 7s 6d, £4 12s 6d, £4 16s, £4 17s to £5 14s; store cows, £2 2s 6d to £2 ss: empty heifers, £4 2s 6d; springing heifers, £B, £9 2s 6d, £9 15s, £los, £lO 5s to £11; springing cows, £5, £B, £8 10s, £8 15s, £8 17s 6d, £9 ss. £9 ICte, £9 15s, £lO, £lO ss, £lO 10s, £lO 15s, £ll, £ll 5s to £l2; cows in milk with calves at foot, £lO 15s; cows in rnilk, £l6 10s; weaner heifera, £2, £3 10s, £4, £5 2s 6d to £5 ss. . STOCK MARKET. Dalgety and Coy., Ltd., report having a small entry of stock at their Mangawcka sale on Thursday. Quotations: M.A. ewes rw. S.D. rams, 245. 255; ewe lambs, 28s 6d. , . Dalgety and Co., Ltd., report having held a special sale of breeding owes in Mr C. T. Kecblc’s yards at Fitzherbert on the 6th inst. There was a fair attendance of buyers and a good demand for ewes, the total yarding of just on 2000 ewes being cleared at prices in advance on recent sales. Quotations; syr. ewes r.w. S D. rams, 30s 6d, 30s 7d; 4 and syr. ewes r.w. S.D.R., 30s 3d, 30s 6d to 33s 7d ; 4 and 6-th ewes r.w. Rom. rams, 38s; Small 2-th ewes r.w. Rom. rams, 35s 6d: Light fat ewes, 24s 6cl; fat wethers, 34s 6d; w.f. wether lambs, 16s; empty ewes, 17s.

WELLINGTON PRODUCE MARKET. (Bv Telegraph—Special to “Standard.”) WELLINGTON, June 8. Wheat, at 7s 2d to 7s 4d per bushel, is inclined to weaken as there arc quantities of under grade on the market at 6s Bcl to 6s 7d. Pollard.—£lo 15s per ton. Bran. —£8 10s per ton. Maize is unchanged at 7s Id to 7s 3d per bushel, and the supplies of crushed maize have been cleared. Southern potatoes of very fair quality arc in good supply at £7 5s to £7 10s per ton. Outs. —4s 2d per bushel. Onions. —9s to 10s per cwt. CANTERBURY MARKETS. Per Press Association. CHRISTCHURCH, Juno 7. The quiet period continues, not even potatoes showing the liveliness expected of them. There has been a little demand for Dakotas, which have advanced about 5s per ton, being now quoted at £4 10s at country stations, which is equal to about £5 10s to £5 15s f.0.b., S.I. The position regarding white potatoes is unaltered, although there is still some demand from Auckland in this respect. The Kaiinanawa is taking from 2000 to 2500 sacks on board for Auckland. The next boat for that port is expected to sail from Lyttelton in a week’s time. There is no change to report so far ns wheat is concerned. A fair quantity continues to change hands, millers having no difficulty in filling requirements. Partridge peas are experiencing a very dull period. The price offered for thciu is 4s 9d to farmers, equal to 5s 6d f.0.b., S.I. There is no change to report in the seed market.

DAIRY PRODUCE. INCREASE IN OUTPUT. Per Press Association. WELINGTON, Juno 7. Tho dairy division grading figures lor the nine months ending April show an increase for butter of 9.9 per cent cent, at 79,633 tons and for cheese an increase of 14.3 per cent. at. 84,064 tons as compared with tho corresponding period of tho preceding season. Reduced to terms of butterfat equivalent, the gradings of dairy produce for the nine months show ail increase of 10.24 per cent, over the gradings for tho corresponding period of tho preceding season.

Dalgety and Coy., Ltd., have reoeived tho following market advice from their head oflice, London, under date of the 6th instant: —Butter: Danish, 170 s (164 s to 1665); N.Z. finest salted, 170 s to 172 s (165 sto 1675); Australian finest, unsalted, 164 sto 167 s (160 sto 1645): salted, 164 sto 167 s (158 sto 1625); C.A.Q., 156 s to 158 s (152 sto 1545). Cheese: Australian white, 89s (88s); coloured, 90s (90s); N.Z. white Old to 92s (89s); coloured 93s to 94s (91s); Spot price for Canadian while 106 s to 110 s (104 sto 110 s); coloured, 106 sto 108 s (104 s to 108 s); c.i.f., Canadian, 92s (n.q.). Last week’s prices are shown in parentheses. Butter and cheese stocks heavy, hut bulk. New Zoaland being held under limits. Market has advanced on smalt offerings but butter buyers are disinclined to follow the advance.

In reply, to an enquiry regarding weather conditions in the Northern Hemisphere and the general trend of the dairy produce market, under date of tho 4th instant, the London agents of tho Now Zealand Loan and Mercantile Agency Cov., Ltd., reply as follows:—“Referring to your telegram of the Ist instant, Northern Hemisphere production generally is not ' expected above normal. General opinion market likely to become steadier near future; possibly better prices but no marked advance likely unless European weather conditions prove very unfavourable.’’ The company has also received the following cable from its London office under date sth instant:—-Butter N.Z. choicest salted, 172 s per cwt. Cheese: White, 90s, 91s; coloured, 925, 935; markets firm.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. Tho sales reported on tho Wellington Stock Exchange yesterday were as under: £ s. d. 5£ p.c. Government Stock, 1933 101 0 0 Commercial Bank (two lots) ... 119 4 Union Bank (Melbourne register) 15 16 0 Canterbury Frozen Meat (ord.) 9 0" N.Z. Refrigerating (£1 paid) ... 016 3 Wilson’s Cement (cx-div.) 2 0 9 Hume Pipo (Aust.) 0 18 1 N.Z. Breweries 3 12 6 Seoullar Co Government securities were steady and unchanged, tho 4i per cents, at £99 15s, the 5 2 per cents. (1933) at £lOl, and 1936 Bonds at £lOl 10s. New Zealand Breweries (stocks and bonds) wero in demand at 265. Bank shares wore slow. There were buyers of Commercial Bank at 30s 3d, National Bank of Australasia £5 paid at £9 11s 3d, Bank of New South Wales at £sl, Bank of New Zealand at 62s 3d, Bank of New Zealand long term at 28s 9d, and Union Bank (Melbourne register) at £ls 15s. Sellers quoted £l4 16s for Bank of Australasia, £27 12s 6d for Commercial Bank of Sydney, £8 10s 6d for English, Scottish and Australian Bank and £ls 16s for Union Bank. Abraham and Williams (preference) Were wanted at 90s, National Mortgage at 87s, New Zealand Guarantee Corportion, ordinary at 9s 2d, and preference at 21s 6d, and Wellington Gas ordinary at 32s 3d. New Zealand Insurance were firm at 475. There were buyers of Gear Meat at 41s 9d, ex-dividend, Canterbury Frozen Meat ordinary at £8 15s, and New Zealand Refrigerating, 20s paid at 16s 3d and 10s paid at 7s 3d. Huddart, Parker shares were steady, tho ordinary at 45s 3d, and the preference at 21s 3d. Union Steam were in demand at 20s 5d ex-dividend. There were buyers of Wellington Woollen preference at £7 6s, Westport Coal at 335, WestportStockton preference at 3s lOd, Crown Brewery at 7s 9d, New Zealand Breweries at 725, Australian Iron and Steel at 21s 6d, Gasco Bricks at 31s 6d, National Electric at 9s, Newton King at 9s 3d, New Zealand Drug at 76s 3d, New Zealand Farmers’ Fertiliser at 19s 9d, ex-dividend, New Zealand Papers Mills at 19s 7d, Wairarapa Farmers’ at 14s 6d, Wilson’s Cement at 40s 9d, and Mount Lyell at 42s 9d. Yesterday’s buying and selling quotations were as under;

Ditto (prof.) y . British Tobacco (Au6t.), (old.) ..: —2 9 9 Burns, Phil]) and Co. —2 60 Colonial Sugar Dental and Medical .. 0 11 0 Ditto (prof.) 1 17 3 Gasco Bricks 111 6 113 9 Howard Smith (ord.) National Electric 0 9 0 Newton King (pref.) 0 9 3 N.Z. Drug Co 3 16 3 N.Z. Express Co. (pref.) 0 17 9 N.Z. Farmers’ Fertiliser 0 19 9 N.Z. Paper Mills 019 7 1 0 3 Wairarapa Farmers’ (pref.) 0 14 6 Wilson’s Cement 2 0 9 MINING— Waibi 0 13 0 Mount Lyell 22 9

SALES IN OTHER CENTRES. I’cr l’ress Association. AUCKLAND, June V. Sales.- —Bank of New Zealand (D mortgage), 295; New Zealand Guarantee Corportion, 9s 3d; Northern Steamship, 14s 3d; New Zealand Breweries, 72s 6d, 72s 9d, 735; Electrolytic Zinc, 36s 4d; ditto, prof;, 37s 3d; Farmers’ Trading Co., 8s 8d; Wilson’s Cement, 41s 6d. CHRISTCHURCH, Juno 7. Sjles on ’Change.—-National Bunk of Australasia (£5 paid), £9 11s 6d; Bank of New Zealand, 62s 9d; Bank of New South Wales, £sl; Goldsbrough Mort (cum dividend) 50s sd, 50s 6d, 50s 7d; United Building Society, Iss 3d; New Zealand Breweries, 72s 6d (two parcels); Australian Iron and Steel (prof.), 21s 9d; Booth and Co., 31s 6d; Beatli and Co. (Is paid), 8s 9d; British Tobacco, 49s sd; Mahakipawfl, 7jd (five parcels). Sales Reported.—National Bank of Australasia (£5 paid), £9 11s; Goldsbrough Mort, 50s 7d. DUNEDIN, June 7. Sales.—New Zealand Breweries shares, 72s 3d (five parcels); National Insurance, 16s 3d. Sales Reported.—New 1 Zealand Breweries shares, 72s 3d; Dalgety and Co., £ls 5s (Melbourne register). BRADFORD TOPS . MARKET. (Australian Press Asssociation —United Service). LONDON, Juno 6. Tlio Bradford tops market is quiet, interest entirely lacking. Quotations: 64’s, 40d; 60’s, 3ffd; 56’s, 31d; 50’s, 26id; 46’s, 23d; 40's 22d. PRICES OF METALS. (Australian Press Association). LONDON, June 6. Copper.—Standard, on spot, £74 7s 6d per ton, forward delivery £74 Is 3d; electrolytic, £B4 5s and £B4 14s; wire bars, 184 15s. Lead, spot and forward, £23 313 s 9d. Spelter. £26 5s and £26 2s 6d. Tin, £l9B Is 3d and £2Ol 3s 9d. Silver, standard, 24d per ounce; 'fine, 25»d.

HIGH MONEY RATES. (Australian Press Association). WASHINGTON, June 6. That Government borrowing has been seriously affected by the high money conditions, was disclosed when the Treasury Department announced that its forthcoming 400,000,000 dollar short-term issue would pay 5a per cent., the highest sinco 1921. The last issue, which bore 43, is now eelling m excess «f -J per cent, discount. WHEAT AND OTHER PRODUCE. (Australian Press Association—United Service). LONDON, June 6. Wheat Cargoes.—Buyers are reticent, although prices are 3d to 6d lower. Parcels are obtainable at similar reductions, but there is little attention. London futures: July, 40s 2jd per quarter; August, 40s 3d; October, 40s O^d; November, 39s lljd. Liverpool futures: July 7s lOjd per bushel; October, 8s 1 3-8(1; December, 8s 3id. Spot trade quiet,, quotations mostly firmer: Australian, ex ship, 43s 9d. Flour, Australia, ex store, 31s 9d. Oats and beans aro steadier; peas slow. RAW BEET SUGAR, (Australian Press Association). LONDON, June 6. Raw beet, sugar, July delivery, is quoted at 7s 3d per cwt. SHEEP DOG TRIALS. Per Press Association. IIAWERA, June 7.

The North Island sheep dog trial chanipionships concluded this afternoon, 55 dogs competing in the short head and yard, which was commenced yesterday and finished to-day. Results aro as follow (possible points, 60) : W. Whyte’s (Napier) Boy 56i points, 1; J. Donneilv’s (Havelock North) King 56 points, 2; 11. Buckley’s (Iluntorville) Fay 54 points, 3; T. 11. Richard’s (Ngaruawahiu) Brigadier Bill 53i points, 4: M. Scott’s (Wavcrley) Bob and M. Mackley s (Tuakau) Lochiel 53 points, equal 5. Huntaway, 440 yards, (43 entries, possible 45):—R. Stapes’ (Napier) Jack 44 points, 1; R. Stapes’ (Napier) Moss 43-, points, 2; C. 11. McErlanc’s (Otago) Romp 43 points, 3; R. J. McDonald’s (Dannovirkc) Boy 42j points, 4; W. O'Connors (Gisborne) Skip, 42 points, 5.

APITI-POHANGIN A RABBIT BOARD,

A meeting of the Apiti-1 ohungina Rabbit Board was held in the Council Chambers, Pohangina, on the 6th inst. when the resolution to strike a rate, of 3s 4il pel acre was confirmed. The inspector point-: ed out that now the rabbits were com- 1 parativelv so ftw, ratepayers were in many instances inclined to be lax in the matter of destroying the pest, in view of wm cil the following resolution was passed; mat the inspector take strong measures to compel owners to take more active steps than are at present being taken to destroy tabbits, it being apparent that owners are becoming somewhat lax in this work.

Buyers. Sellers. N.Z. GOVT. LOANS— £ s. cl. £ s. d. 5£ p.c. Ins. Stk., 1933 101 0 0 — 5£ p.c. ditto, 1936 101 5 0 — 5£ p.c. ditto, 1941 99 15 0 — 4£ p.c. ditto, 1939 and 1938 99 15 0 — p.c. Bonds, 1933 ...101 0 0 — 5& p.c. Bonds, 1936 ...101 10 0 — DEBENTURES— N.Z. Breweries (bonds and .stock) 1 6 0 1 6 6 Golden Bay Cement “A” — 1 0 3 BANKS— Australasia —• 14 16 0 Commercial of Aust. (ord.) 1 10 3 1 10 5 Commercial Banking Co. (S\dnov) — 27 12 6 English. Scottish and Australian — 8 10 6 National of N.Z — 7 3 0 National of Australasia (£5) 9 11 3 9 12 6 New South Wales ... 51 0 0 51 12 6 New Zealand 3 2 3 — Ditto (long-term mortgage) 18 9 _ Union of Australian .. — 15 16 0 Ditto (Melbourne register) 15 15 0 15 16 9 FINANCIAL — Abraham and Williams (pref.) 4 10 0 Goldsbrougli Mori ... — 2 10 0 National Mortgage ...4 7 0 — N.Z. Guarantee (Jorp. (ord.) 0 9 2 0 9 6 Ditto (pref.) 116 — Well. Deposit and Mortgage 0 10 9 — GASWellington (ord.) .... 1 12 3 INSURANCE— National — ' 0 16 4 New Zealand 2 7 0 — South British — 3 6 0 MEAT PRESERVING— Gear • 2 1 9 2 3 0 Canterbury Frozen Meat (ord.) 8 15 0 9 5 0 N.Z. Refrigerat. (£1) 0 16 3 — Ditto (10s) 0 7 3 TRANSPORT— Huddart-Parkcr (ord.) 2 5 3 — 2 6 0 Ditto (pref.) 113 — Northern Steam — 0 14 6 Union Steam (prof.) ... 1 0 5 ; WOOLLEN— Wellington (ord.) ... — 7 6 0 Ditto (pref.) 7 6 0 — COAL— Westport 1 13 0 Weotport-Stockton (pref.) 0 3 10 TIMBER— . National , — 0 10 0 BREWERIES— Crown 0 7 9 New Zealand 3 12 0 — Staples and (Jo — 2 9 0 MISCELLANEOUS— Australian Iron and Steel (pref.) 1 1 6 C. M. Banks (ord.) ... — 1 2 3