FARMING AND COMMERCIAL

Manawatu Standard, Volume L, Issue 194, 15 July 1930, Page 5

FARMING AND COMMERCIAL

LONDON MARKETS. HIGH COMMISSIONER’S REPORT. Tha Department of Agriculture has received the following cablegram, dated July 12, from the High Commissioner for New Zealand, London: — * TALLOW. Fairi demand at auction this week. Nino hundred and thirty packages were offered and 630 sold. Present quotations are: — Beef: Sweet and/or mixed 27s 6d to 355; fair to good, 24s 6d to 27s 6d. Mixed: Fair to good 24s to 275; dark to dull, 23s to 23s 6d. Others unchanged. Forward shipments quiet. FRUIT. Market slow; soft fruits are abundant arid heavy supplies of Tasmanian - apples are realising low prices. For New Zealand ftpplos present quotations are: — Sturmers, 6s to 10s per ease; Dougherty, 8s 6d to 11s. Others about unchanged. The lower figures refer to largo fruit, which is difficult to sell. HEMP. Manila market advanced early this week, but easier since. Closing values for K grade JulyrSoptember shipment £23|, J grade £24. K grade is now the standard grade here and will be quoted in the future. Sisal: Market quiet. Fair average quality, July-Septembor shipment sold £24 15s: New Zealand: Market dull and nominal values unchanged on the basis of High-fair, £24. No first-hand sales reported. WOOL. Sales continue well attended, with opening rates maintained. BRIGHTER FUTURE. , WOOLLEN TRADE PROSPECTS. PRICES ON THE UP GRADE. Optimistic views of the future of the woollen trade are held by Mr Bernard Tripp, New Zealand delegate to the Bradford Wool Conference, who believes that better times are at hand for the producer. “Several leading men in the wool trade gave mo the impression that, after four years of falling prices, the swing J of the pendulum has begun in the other direction,” said Mr Tripp in a letter received in Wellington. “As yet there are no statistics to back this view, but so far as can be learned from the trade stocks are small. No one has dared to do any big buying for a long time past, and the purchasing has been of hand-to-mouth nature. There is now a decided change in the fashions in Britain. People have evidently become tired of artificial silk and England has begun to manufacture woollen materials, which are almost as fine as silk. If the public are able to obtain this fine fabric at reasonable prices it will prefer wool to 6ilk or any artificial fabric made. The longer dresses of the women will also have the effect of adding many millions of yards of material to the demand.. “After the war the French woollen industry remodelled itself, and put in much new machinery. Bradford delayed and it is only in the last two years that this necessary new machinery has been installed in British plants. Now Bradford is able to make material as fine as that manufactured in France. There ' is, however, no doubt that a campaign in favour of woollen goods is necessary. The general public must be educated to stimulate the demand. Wool is not advertised ais much as it might bo, and not nearly as much as cotton. We must appeal to the masses and pin our faith to the health argument as much as anything. There is a great market outside Britain for our wool, but a great quantity still comes here.”

The poultry industry was worth, more to New Zealand than the pig industry, said Mr W. B. Grant at the meeting of the Taranaki Agricultural Society in New Plymouth: The poultry industry was worth £2,250,000. to the Dominion annually, he said, and the pig industry was worth only £1,250,000. • . SHELTER TREES. A FARM ASSET, Perhaps the best form of shelter on a farm is that given by well-grown and well-sited plantations, though good live hedges are by no means to be despised, oav3 a southern paper. Generally speaking, the preparation ot the land for planting small areas and wind-breaks, where quick growth is specially desirable, may best be carried out by ploughing and good cultivation, and it the soil happens to be very poor a little manure such as basic super can advantageously be worked in during cultivation. Remarkably quick growth can pften be obtained under such conditions, and it is also possible to utilise the space in between the trees for the growing of such a crops as potatoes during the first season. PLANTING DISTANCE. For a shelter-belt, probably the most satisfactory distanco to plant the trees is at intervals of from six to eight feet apart. This spacing will result m quick shelter being obtained and then, when the young trees have attained a height of from eight to ten feet, every alternate tree can be removed. These removed trees will provide a great quantity of valuable firewood and when they are out of the wky the remaining trees will soon branch out and fill up the gaps. At six feet apart each way 1210 treesi will bo required to plant an acre, and at eight feet, 680. SOME GENERAL RULES. The following general rules should be observed:—“(l) Plant the tree no deeper than it was growing when in the nursery. (2) Place the tree in the centre of the pit so as to allow the roots an even chance all round. In very exposed places the plant should bo placed against the solid earth wall on the side of the pit facing the prevailing wind. (3) Plant the tree in an upright position with taproot going straight down and lateral roots spread out and not punched together or lint Never allow the roots to become dry 'or even apparently dry. (5) Work the soil trently in about the root 3, then firm ft well by tramping the surface. (6) Care must be exercisedto avoid damaging or barking the stem of the trees when firming the soil m around the planted tree.” FATTENING THE PIG. SOME TIMELY HINTS. Fattening pigs do best in a dean sty, well littered. Their business is to eat and sleep, or rest comfortably between meals. The pig that spends much time in protesting loudly against the irregularity or insufficiency of its feeding never makes much headway. . . , It never pays to let pigs merely mark time. Progress must ho made, otherwise food is being consumed to no good purpose. To get the .best results, m cold weather especially, feed at least three times a day at regular. intervals of four hours or so, giving the food warm, that is, at a temperature of about■ 90 degrees Fahr. The food may be heated over the fire or stove, or by adding boiling water. Soft mashes are always best when-freshly, mixed, but food cooked tho previous day is quite good' if made warm and a little fresh meal added. It is' an advantage for the pig to receive warm food, beipause much ot the food is saved in the animal s body for the production of fat instead of being wasted in the mere production ofhcatas when food is given ice-cold. Warm shelter pays also Tor much the same reason. Oats may enter into the dietary of fattening pigs, 'if cheap, of oats, ground or crushed, to the food of pigs Which are being finished improveeThe whiteness of the' fat and makes the flesh firm Oatmeal, or crushed oats, should be fed, therefore, during the three or four weeks that make the last lap. of the fattening period. During this time no fish meal, . boiled swedes or turnips, or any other food which is likely to affect the quality and flavour of the pork should be given. Boiled potatoes have no. objectionable effect upon the quality of the pork, but raw potatoes must be very sparingly fed.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. Sales recorded on the Wellington Stock Exchange yesterday numbered five, of which two were of bank shares. The demand showed considerable slackening except for gilt-edged securities and a few bank shares. The demand in other groups was in spots. ' ' . There was a strong demand for Government securities, which show some firmness. The 4i per cent, stocks (1939 and 1938), were 2s '6d higher at £99 2s 6d, the 5i per cent, stocks (1933) were unchanged at £99 ss. Tho 4£ per cent, bonds (1941, 1939 and 1938) were steady at £99 2s 6d as were the 4£ per cents. (1930) at £99 10s; the 5£ per cent, bonds (1933) were unchanged at £99 ss, but the 5£ per cente. (1936) wore 2s 6d lower at £99 ss. Wellington Racing Club debentures were firm at £lO5 10s. , , , , There was a moderate demand for bank shares. Australian Bank of Commerce were unchanged at 22s lOd, but Commercial Bank of Australia were 6d lower a. 21s. Commercial Bank of Sydney were wanted at £l9 7s 6d. with sellers at £2O. English, Scottish and Australian Bank were steady at £5 19s. National Bank of Australasia, £lO paid, were in demand at’£l4 6s, with a sale at £l4 7s 6d, and the £5 paid at £7 with a- sale at £7 Is. Bank of New Zealand were steady at bis, and the long term mortgage shares were wanted at 275. , For other shares the demand was restricted. For N.Z. Guarantee. _Corporation preference there was a bid of 9d; Wellington Trust and Loan werjs steady at £6 18s, and Wellington Deposit at 9s 9d. New Zealand Insurance wore firm at 46s Gas shares were steady, Christchurch Gas at 253 6d, and Wellington Gas at 30s. ... Kauri Timbor were 3d lower at 13s, New Zealand Breweries were 3d down at 49s 6d with sales at 50s; British Tobacco were down 2d at 36s 3d; D.I.C. preference were 3d better at 20s 9d; Electrolytic Zinc were steady, the ordinary at 20s 3d and the preference at 235, tor Taranaki Oil Is bid. Moun LyeU rights were wanted afc Is 6d, with no SCIIerS YESTEDAY’S QUOTATIONS.

YESTERDAY’S SALES. The following sales were recorded on tho Stock Exchanges of the Dominion yesteWellingten.—National Bank of Australasia £lO paid, £l4 7s 6d; Ditto, £5 paid, £7 'is; Wellington Meat Export, ord., 6s 4d; N.Z. Breweries (2) £2 10s. Auckland.— Commercial Bank of Australia, £1 Is 3d, £1 Is 4d, £1 la 9d (2), £1 2s; Bank of N.S.W. <2), £37 7s 6d; Farmers’ Trading, 7s 10d; N ;. Z - F f p r , U lS gf’ Is; Waihi Grand Junction (2), 2s 4d, 2s 3d; Mount Lyell, rights, 2s Id. Christchurch.—Commercial Bank of Australia, £1 Is 6d; United Building Society, 15s 3d; Beath and Co. (2), £1 7s 6d, Ditto, Is paid (2), 7s; Kauri Trniber 14s; N.Z. Farmers’ Fertiliser cum. div., £1 03 6d: M&hakipawa, 2d. Sales reported : Commercial Bank of Australia, cum. div._ .(2), £1 Is 6d; Ditto, cum. div., £1 Is £1 Is 8d; E.S. and A Bank, £6; Union Bank (2), £ll 11s; Now Zealand Breweries, £2 10s, £2 9s 6d. .. , Ifl , Dunedin.—Sale reported: Okanto, 6s lOd. WAGES FOR SHEARERS. REDUCTION IN AUSTRALIA. MELBOURNE, Jul% 14. Judge Dethridge, of the Commonwealth Arbitration Court, has announced a new award covering shearers and shed hands. He has reduced wages all round by approximately 20 per cent. The award will operate from midnight. , , The minimum rate for nock wethers, ewes and lambs is 32s fid a hundred. -The former rate was 41s. The minimum - rate for rams above six months is fixed at 65s a hundred. ;

NZ. GOVT. LOANS- £ s. d. £ «• d. Buying and selling quotations at the fanaJ call yesterday on the Wellington Stock Exchange were as iollow:— Buyers. Sellem. 44 p.c. Ins. Stk., 1938 59 2 6 44 p.c. ditto, 1939 99 2 6 . 54 p.c. ditto, 1933 99 t> 44 p.c.' Bonds, 1941, 0 1939 and 1938 99 2 6 44 p.c. ditto, 1930 99 10 0 """ 0 — 54 p.c. ditto, 1936 99 5 0 DEBENTURES— Well. Racing Club ...105 10 0 - BANKS— 12 4 1 3 0 0 Australasia - Aust. of Commerce ... i 2 iu Commercial of Aust. (ord.) *1 1 Comm. Banking Co. of Sydney ••• • i9 ‘ English, Scottish and Australian 5 19 0 6 0 *1 1 20 0 6 0 *6 0 8 0 9 National of N.Z National of Australasia, (£10 paid) M & 0 14 10 0 Ditto (£5 paid) _ 7 0 37 15 2 17 New South Wales ... — New Zealand “ 11 0 6 Ditto, long term 1 ‘ Union of Australia ... 11 13 11 14 0 Ditto, Mellj. register . ■ — financial— Abraham and Williams (ord.) 3 15 0 N.Z. Guarantee Gorp. ,° 8 (ord.) . . Ditto, pref .... A u 9 N.Z. Loan and Merc. (ord.) i. Well. Invest! T. & A. 94 0 0 11 0 6 Well Trust and Loan 6 18 0 ' -W-ell. Deposit and Mortgage -.... 9 9 - Wright, Stephenson (pref.) 0 16 0 GAS- ■ ... _ Auckland, paid T 6 0 Christchurch 4 0 0 13 o Lxisuoine ........... Wellington, ord. 1 19 0 •x 0 17 6 Ditto, pref insurance— New Zealand •••••• * 0 MEAT PRESERVING— __ 0 1 17 9 TRANSPORT—, , Huddart, Parker, ord. — 1 19 6 WOOLLEN— Kaiapoi, ord. ..;... n Wellington, ord TIMBER— Kauri 0 15 0 1 8 Ley land-O'Brien. ...... o National •••••; Taringamutu Totara . 0 12 6 BREWERIES— New Zealand 4 9 6 2 10 3 Staples and Co. ....... MISCELLANEOUS—^ 1 16 Burns, Philp and Co. __ — • British Tobacco, ord . i io Dental and Medical ... — D.I.C., pref 1 9 9 0 12 0 Electro. Zinc, ord. ... 1 9 Ditto, pref : 1 0 National Electric “ 0 1 4 0 10 6 6 N.Z. Farmers' Fer- * ■*, tiliser N Z. Paper Mills ... — 019 9 Sharland and Co., ord. 0 19 0 and pref. 1 9 Taranaki Oil 9 i Wellington Cordage . — 0 11 6 Wilson's Cement ...... Con. Brick and Pipe 0 17 6 MINING— 0 14 Mount Lyell, rights ... 0 1 *Cum. dividend.? 6