FARMING AND COMMERCIAL

Manawatu Standard, Volume LI, Issue 181, 3 July 1931, Page 5

FARMING AND COMMERCIAL

JERSEY CATTLE BREEDERS. ANNUAL CONFERENCE. Over 50 members from various parts of the Dominion wero present at the 29th annual meeting of the Now Zealand Jersey Cattle Breeders’ Association at Pukekohe on Wednesday. The president, Mr C. G. C. Dormer, presided. Tho balanco-sheot showed incomo during the year totalling £8675 and expenditure £6869, leaving a profit of £IBO6. Assets were shown as £24,330 and liabilities as £602. Tho council of tho association for tho ensuing year is as follows: Messrs Dormer (Manawatu), R. J. Linn (Taranaki), G. H. Bell (Taranaki), J. Fleming (South Island), H. Moreland (South Auckland), E. D. McLennan (North Auckland), R, C. Leach (Hawke’s Bay). It was decided that tho council should draw up a rearrangement for submission to next conference of tho areas for which members aro elected. ■ It was recommended to tho council that tho next conference bo held at Whangarci. STOCK MARKET. SALE AT TAIHAPE. Associated Live Stock Auctioneers, Ltd., report having Hold their opening Taihape sale on Wednesday, Ist inst., when a moderate entry of sheep and a few cattlo came to hand which wore offered to tho usual attendance of tho public. Sheep met with ready competition; cattlo wero not in demand. Quotations: Ewo lambs, 12s Id to 16s 7d; 2-th ewes, 13s Id; wether lambs, 7s; fat ewes, 9s lOd; ewes r.w. ram, 11s 6d. GRAIN AND PRODUCE. CANTERBURY MARKETS. CHRISTCHURCH, July 1. Tho potato market shows no change. Offers from farmers aro coming forward freoly, but there is practically no northern inquiry, and the bus’.ness passing is of a minor character. Following on tho Waimarino’s cargo from Lyttelton of 9000 sacks, the Waipiata is duo to leave on Friday with from 5000 to 6000 sacks. The shipments north from tile local port this season up to tho ond of Juno total 122,282 sacks, compared with 169,681 for tho corresponding period last season, a decline of 47,399 sacks. Prices to farmers are not showing any variation. The quotation on trucks is 30s a ton, and for Dakotas 27s 6d. Tho f.o.b. e.i. price for whites is 47s 6d, prompt or July. Some potatoes have failed to pass tho grader at Lyttelton due to being frosted. Onions are practically done. For any sound onions from £5 to £5 10s on trucks is offering. The following aro quotations for produce to be paid to farmers, on trucks, free of commission, sacks, extra, except whore otherwise stated: —Wheat: Tuscan, 5s 5d on trucks; Huntors, 5s 6d to 5s 7d. Fowl what, 5s ljd prompt, f.0.b., s.e. Oats: Algerians, 2s 3d; A Gartons, 2s 6d; B’s, 2s 4d. Barley: Cape, 2s 9d to 3s; malting, 4s. Potatoes: Whiten, 30 s to 32s 6d; Dakotas, 27s 6d to 30s. Onions, £4 ss. Chaff, £2 15s. Partridge peas, 4s 3d. Red clover, 6d to 6£d. White clover, 8d to 9d. Italian ryegrass, 2s. Perennial ryegrass: Canterbury, 3s to 3s 3d. Cocksfoot: Akaroa, 3d to 3jd; Plains, to 3d. Bran: Local, £5 a ton, f.0.b.; shipping, £4 'a ton, f.0.b.; 10s extra for smaller packings. Pollard: Local, £5 10s a ton, f.0.b.; shipping, £4 a ton, f.0.b.; Ids extra for smaller packings. Flour : Wholesale prico £l6 15s a ton for 2001 b. sacks, with tho usual increments for smaller packings. AUSTRALIAN PRODUCE PRICES. SYDNEY, July 2. Wheat, ex-trucks Sydney, 2s 4d per bushel; at country stations, Is 9d; flour, £lO 10s per ton; pollard, £3 10s per ton; bran, £3 per ton. Potatoes, Tasmanian, £5 10s to £6 per ton; Victorian, £5. Onions, Victorian, £6 per ton; oats, white and Algerian, 2s 6d per bushel. Maize, 3s 6d per bushel. LONDON TALLOW SALES. LONDON, July 1. At the tallow sales to-day, 471 casks were offered and 216 were sold at Is to 2s per cwt. advance. Prices. —Mutton, fine 235; medium, 19s 6d; beef, fine, 245, medium 19s.

FROZEN MEAT. Abraham and Williams, Ltd., report having received the following cable from their London office: There is a little more demand for lamb. Mutton market quiet. Smithfield values are as follow: Canterbury, under 361 b., 7 5-8 d; 37/42, 7^d; over 42, 7j,-d, seconds 7d; W.M.E., under 36, 7 3-4 d; 37/42, 7sd; over 42, seconds, 7d; Southland, under 36, 7 3-8 d; 37/42, 7id; over 42, seconds, 6 7-Bd. Wethers (best) under 48, sfd; 49/56, sd; 57/64, 4 7-8 d; 65/74, 4 3-Bd. Ewes, under 48, 4£d; 49/56, 4d; 57/64, 3 3-4 d; 65/74, 3id.

At the end of March last there were 476 registered dairy factories in New Zealand, of which 125 were in Taranaki, 104 in Auckland, 89 in Otago and Southland, and 76 in the Wellington district. Generally speaking, eastern Southland fanners are lamenting the lateness of the season, which has greatly retarded harvest operations. In fact (writes a correspondent) there is still a number of district farmers who have not yet found the opportunity to get their crops into stack, and there are also isolated cases where grain crops are still standing or are being cut. The weather has been the contributing factor, and has caused many interruptions in the work, but it is understood that the quality of the grain threshed will not be far below the standard of previous years. Mill owners also have laboured under the same handicap, but their busiest period is over, and the threshing of oats and wheat should be completed within a week or two.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. Six sales were recorded on the Wellington Stock Exchange yesterday, but the market showed no changes of moment, and the buying support was continued for giltedged securities and bank shares. (Government securities were in good demand. Tho per cent, bonds, 1941, 1939 and 1938 wero firm at £97 15s and there was a sale of tho 4jr per cent, bonds 1938, at £9B. Tho 5£ por cent, stocks, 193&, and 1936 wero firm at £99, and the Si per cents, bonds, 1933, at £99 ss; tho 51 por cento., 1941, were again wanted at £96. Wellington City, Si por cent, debentures, 1940, j wero firm at £97 ss. I Bank shares wore in good demand, but |no business was done in them. Bank of Australasia were steady at £9 Bs. Commercial Bank of Australia, ordinary, wero firm at 14s Bd. Buyers reverted to their previous bid of £4 43 for English, Scottish and Australian Bank. National Bank of Now Zealand at £4 10s and National Bank of Australasia, £5 paid at £4 10s were both unchanged, and there wore no sellers. Bank of New South Wales wero firm at £25. Bank of Now Zealand at 48s lid showed a riso of Is 7d, and aro now higher than they wero just before the last dividend was paid. Tho long term shares wero up 3d at 26s 3d. Union Bank were firm at £7 14s. Dalgcty and Co. had another riso and at £6 8s wero 4s 6d higher. Goldsbrough Mort and Co. wore easier at 19s 9d. New Zealand Guarantee Corporation, ordinary, changed hands at ss, and the preference at 20s 3d. Por tho latter buyers now offer 19s 9d. New Zealand Investment Mortgage at 9s lOd were unchanged. National Insurance wero wanted at 12s 9d. South British Insurance were firm at 51s. Gas shares wero firm. Christchurch Gas at 24s 9d wero unchanged, but Wellington Gas were up 9d at 26s 9d. Gear Meat wero wanted at 25s 3d, but sellers held for 26s 9d. Huddart- Parker, ordinary, at 20s, and P. and O. deferred at 26s wero unchanged. New Zealand Breweries wero firm at 34s 6d. Tooth’s Brewery wero wanted at 17s, or 3s below tho par value of tho shares. British Tobacco wero in demand at 24s 9d ex dividend. Dental and Medical at 4s 9d and Dominion Investments as 21s wero steady. Mount Lyoll wero firm at 18s 3d and Waihi at 15s sd. There wa3 a sale reported of tho latter at 15s 6d. YESTERDAY’S QUOTATIONS. Buying and selling quotations at yesterday’s final call on the Wellington Stock

YESTERDAY’S SALES. Tho following sales were recorded on the stock exchanges of the Dominion yesterday:— Wellington.-—N.Z. Govt. Bonds, 4£ p.c., 1938, £9B; N.Z. Guarantee Corporation, ord, ss; ditto prof., £1 (te 3d; Colonial Sugar (2), £34 10s; Waihi Mining, 15s 6d. Auckland. —Inscr. Stock, 4) p.c., 1938, £97 17s 6d; 4i p.c., 1939, £97 17s 6d; War Bonds, 4i p.c., 1938, £9B; City of Auckland, 5i p.c., 1044, £97 7s 6d; Mt. Eden Borough, 5% p. 0., 1967, £99; Eng., Scot, and Aust. Bank, £4 7s 6d; Bank of New South Wales, £25 10s; Bank of New Zealand, £2 9s; National Insurance, 13s; South British Insuranco (3), £2 lls 6d; Reliance Loan,

prcf., 17s 6d; Timaru Brewery, contr., 6s 3d; Colonial Sugar, £34 15s; King Solomon, 3s Wailii Grand Junction, 3s, 2s lid. Christchurch.—Commercial Bank of Aust., 15s; British Tobacco, £1 5s Id, £1 ss; Mount Lyoll (3), 18s 6d; King Solomon, 3s 2d; Mahakipawa, 7£d; Golden Point, Is paid, Is lOd, (3) Is lid; Okarito, 10tj Bd, 11s Id, 11s 3d. Cornish Point, Bd. Sales reported : Bank of Now South Wales, lato Wednesday (3), £24 17s 6d, £25; Union Bank of Ainst., £7 17s 6d; Timaru Brewery, 5s paid, 6s lid; Mount Lyell (2), 18s 7d. Dunedin.—Okarito 10s lid, 13) Us, (3) 10s lid. Sales reported : Wilson’s Cement, £1 15s 6d; Okarito, Ids 8d; King Solomon, 3s Id.

Exchange -were as follow: — Buyers Sellers. N.Z. GOVT. LOANS— £ s d. £ 6. d. 4i p.c. Insc. Stk. and bonds, 1938 — 98 5 0 5i p.c, ditto, 1933 and 1936 99 0 0 — Si p.c. ditto, 1941 96 0 0 — 5i p.c. ditto, 1937 -— 96 15 0 4i p.c. 'bonds, 1941 ... 97 15 0 98 10 0 4 p.c. ditto, 1939 97 15 0 — 4>r p.c. ditto, 1938 97 15 0 98 5 0 5g p.c. ditto, 1933 99 5 0 99 10 0 DEBENTURES— Wgtn. Gas Go — 100 15 0 Wgtn. Racing Club . — 103 10 0 Wgtn. City, 5i p.c., 1940 97 5 0 — BANKS— Australasia 9 8 0 9 17 6 Aust. of Commerce ... — 0 15 6 Comm, of Aust., ord. 0 14 8 — Commercial Bank Co. (Sydney) — 15 0 0 Eng., Scot, and Aust. 4 4 0 4 12 0 National N.Z *4 10 0 — Nat. A’asia. (£5) 4 10 0 — New South Wales .... 25 0 0 — New Zealand 2 8 11 — Ditto, long term 1 6 3 — Union of Australia ... 7 14 0 8 0 0 FINANCIAL — Dalgety and Co 6 8 0 6 15 0 Goldsbrough Mort 0 19 9 1 0 9 N.Z. Guar. Corp., ord. — 0 5 4 Ditto, pref 0 19 9 — N.Z. Invest., Mtg. and Deposit 0 9 10 0 10 3 N.Z. Loan and Merc., ord — 56 0 0 Well. Invest., T. & A. — 0 10 9 Well. Trust and Loan — t6 15 0 GAS— Christchurch 1 4 9 — Wellington ord 1 6 9 — INSURANCE— National 0 12 9 0 13 4 South British 2 11 0 ' MEAT PRESERVING— Gear 1 5 3 1 6 9 N.Z. Refrigerat. (10s) —: 0 3 9 TRANSPORT— Iluddart, Parker, ord. 1 0 0 P. and 0. stock 1 6 0 — WOOLLEN— Wellington, ord — 4 19 0 Ditto, prof — 5 0 0 TIMBER— National — 0 7 6 Leyland-O’Bricn — 1 3 0 BREWERIES— Now Zealand 1 14 6 — Tooth’s 0 17 0 0 18 9 MISCELLANEOUS— C. M. Banks, ord. and pref — 0 13 0 British, Tobacco, ord. fl 4 9 — Burns, Philp and Co. — 1 14 6 Colonial Sugar — 35 0 0 Dental and Medical ... 0 4 9 — Dominion Investments 1 1 0 — Electro. Zinc, pref. ... — 0 16 0 National Electric —• 0 10 8 Wilson’s Cement — 1 16 6 OIL— Blenheim — 1 15 0 MINING— Mount Lyell 0 18 3 f0 18 9 Waihi 0 15 5 — King Solomon —• 0 3 4 Mahakipawa — U 0 9 *Cum. dividend. +Ex dividend.