FARMING AND COMMERCIAL

Manawatu Standard, Volume LI, Issue 183, 6 July 1931, Page 5

FARMING AND COMMERCIAL

HERD TESTING. COMPARISON OF AVERAGES. The annual report of the Manawatu Cooperative Herd Testing Association states that the following details show the highest and second highest herds under 40 cows in each group: —Group No. 1, Highest herd, 14 cows; 388.291 b. butterfat; 278 days; owner, K. Cresswell; second highest herd, 31 cows, 292.211 b. butterfat; 287 days; owner, A. Thomson. • Group No. 3, 12 cows, 430.251 b. butterfat; 286 days; owner, W. A. Davison; second highest herd, 13 cows, 413.071 b. butterfat; 295 days; owner, Mrs A. Ellery. Group 4, 27 cows, 380.401 b. butterfat; 284 days D. Donaghue; second highest herd, 30 cows, 361.931 b butterfat; 275 days; owner, A. Jagger. Group 5, 38 cows; 343.281 b butterfat; 274 days; owner, N. Chowen; second highest herd, 25 cows, 333.561 b butterfat; 269 days; owner, J. E. Morris. Group 6, 27 cows, 360.221 b butterfat; 266 days; owner, J. P. Carr; second highest herd, 30 cows, 348.231 b butterfat; .285 days; owner, J. and W. Meager. Group 7, 25 cows, 333.88 lb butterfat; 289 days; owner, H. Dittmer; second highest herd, 26 cows, 315.001 b butterfat ; 280 days; owner, A. R. Rdbinson. Group 8, highest herds, 31 cows, 330.681 b. butterfat; 258 days; owner, E. M. Hare; second highest herd, 31 cows, 329.741 b butterfat; 283 days; owner, T. Nix. Group 9, highest herds, 18 cows, 430.061 b. butterfat ; 263 days; owner, A. E. Callingham; second highest herd, 36 cows, 358.441 b. butterfat; 280 days; owner, A. Johnston. Group 10, highest herds, 11 cows, 381.721 b butterfat; 301 days; owner, li. Nitschke; second highest-hord, 9 cows, 369.10!1>. butterfat ; 272 days; owner, R. A. Wilson. Group 11, highest herds, 30 cows; 311.331 b butterfat; 264 days; owner, H. W. Christie; second highest herd, 28 cows, 303.601 b butterfat; 270 days; owner, J. K. Knight. Group 12, highest herds, 28 cows, 305.281 b butterfat; 269 days; owner, M. E. Port; second highest herd, 29 cows; 286.921 b butterfat; 272 days; owner, A. P. Ralph. Group 13, highest herds, 17 cows, 411.941 b. butterfat; 285 days; owner, A. A. O’Donnell ; socond highest herd, 18 cows, 361.72 lb butterfat; 271 days; owner, A. Grifliths. Group 14, highest herds, 12 cows, 324.501 b butterfat; 278 days; owner, R. A. Chamberlain; second highest herd, 8 cows, 303.00 lb. butterfat; 221 days; owner, J. Hogg. Group 15, highest herds, 8 cows, 378.3Y1b butterfat; 275 days; owner, D. Mackintosh; second highest herd, 16 cows, 317.75 lb butterfat; 276 days; owner, J. J. Taylor. The following details show the highest and second highest herds of 40 cons and over in each group : —Group No. 1, highi est herd, 50 cows, 295.441 b butterfat; 207 days; owner, H. Cottell, second highest herd, 68 cows, 292.641 b butterfat; 294 days; owner, F. Robin. Group 3, highest herd, 58 cows, 312.601 b butterfat; 2/6 days; owner, M. W. Hunt; second highest herd, 44 cows, 300.301 b. butterfat; 266 days; K. C. Bailey. Group 4, 59 cows, 343.891 b butterfat; 270 days; owner, W. S. Carter; second highest herd, 74 cows, 343.871 b butterfat; 200 days; owner, W. S. Carter. Group 5, highest herd, 42 cows, 329.731 b. butterfat; 271 days; owner, J. C. Petersen; second highest herd,' 42 cows, 310.54 lb butterfat; 272 days; owner, H. L. Knudsen. Group 6, highest herd, 75 cows, 370.601 b butterfat; 284 days; owner, M. H. Burmeister; second highest herd, 44 cows, 364.401 b butterfat; 287 days; A. Jaggar. Group 7, highest herd, 40 cows, 286.601 b butterfat; 281 days; owner J. A. Newell; second highest herd, 61 cows, 257.161 b butterfat; 262 days; owner, Bartholomew Bros. Group 8, highest herd, 47 cows, 317.701 b butterfat; 270 days; owner, L. S Gould; second highest herd, 55 cows, 309.941 b butterfat; 262 days; owner, Mrs H. D. Arthur. Group 9, highest herd, 47 cows, 326.591 b butterfat; 261 days; owner, P. Rutherford; second highest herd, 52 cows, 315.631 b butterfat; 272 days; G. Young. Group 10, highest herd, 65 cows, 334.571 b butterfat; 290 days; owner, H. L Gower; second highest herd, 46 cows, 293.301 b butterfat; 282 days; owner, A. Yardley. Group 11, highest herd, 60 cows, 322.231 b butterfat; 299 days; owner, S. A. Broadbelt; second highest herd, 46 cows, 304.601 b butterfat; 280 days; owner, T. G. Vincent. Group 12, highest herd, 40 cows, 262.851 b butterfat; 260 days; owner, J. 11. Slack; socond highest herd, 49 cows, 236.36 lb butterfat; 272 days;, owner, W. H. Jepson. Group 13, highest herd, 81 cows, 346.341 b. butterfat; 269 days; owner, Houghton Bros.; second highest herd, 43 cows, 326.791 b. butterfat; 291 days; owner, W Ansin. Group 14, highest herd, 60 cows, 233.411 b. butterfat; 255 days; owner, C II Walker; second highest herd, 74 cows 276.811 b butterfat; 265 days; owner, D J Beard. Group 15, highest herd, 88 cows,’ 318.611 b butterfat; 290 days; owner, Alurray Bros.; second highest herd, 51 cows, 311.901 b butterfat; 246 days; owner, R. S. Taylor. INDIVIDUAL AVERAGES.

TIIO lowest herds and lowest cows in each croup wore as follow: —Group No. 1, lowest herd, 27 cows; 123.741 b. butterfat; 224 days; lowest cow, 371 b butterfat; 126 days Group No. 3, lowest herd, 34 cows, 209.471 b butterfat; 231 days; lowest cow, 361 b butterfat; 116 days. Group 4, lowest herd, 85 cows, 174.161 b butterfat; 230 days* lowest cow, 401 b. butterfat; 225 days’ Group 5, lowest herd, 53 cows, 198 691 b butterfat; 257 days; lowest cows, 121 b butterfat, 100 days. Group 6 lowest herd 41 cows; 154.341 b butterfat; 138

days; lowest cow, 421 b butterfat; 100 days. Group 1, lowest herd, 27 cows; 160,371 b butterfat; 213 days; lowest cow, 811 b butterfat; 143 days. Group 8, lowest herd, 23 cows, 144.041 b butterfat; 206 days; lowost cow, 161 b butterfat; 100 days. Group 9, lowest herd, 60 cowa, 125.301 b butter; 192 days; lowest cow 201 b butterfat; 112 days. Group 10, lowest herd, 100 cows, 213.201 b butterfat; 211 days; lowest cow, •461 b butterfat; 111 days. Group 11, lowost herd, 45 cows, 178.931 b butterfat; 245 days; lowest cow, 441 b butterfat; 114 days. Group 12, lowest herd, 40 cows, 150.701 b butterfat; 205 days; lowest cow, 441 b butterfat; 151 days. Group 13, lowest herd, 58 cows, 234.791 b butterfat; 245 days; lowest cow, 301 b butterfat; 100 days. Group 14, lowest herd, 98 cows, 118.351 b buttorfat; 186 days; lowest cow, 391 b butterfat; 105 days. Group 15, lowest herd, 34 cows, 173.551 b butterfat; 321 days; lowest cow, 261 b butterfat, 105 days. The highest and second highest cows in oacli group were as follow : —Group, No. 1, highest cow, 4991 b butterfat; 271 days; owner, Miss A.' M. Edwardos; second highest cow, 4841 b. butterfat; 284 days; owner, E. R. Vautier. Group No. 3, highest cow, 5791 b butter; 223 days; owner, W. A. Davison; second highest cow, 5671 b. buttorfat; 288 days; owner, A. Arnott. Group 4, highost cow, 6291 b butterfat; 310 days; owner, D. Donaghue; second highest cow, 5791 b butterfat; 288 days; owner, W. S. Carter. Group 5, highest cow, 537 lb butterfat; 309 days; owner, R. Greatorex; second highest cow, 5231 b butterfat; 282 days; owner, J. C. Petersen. Group 6, highest cow, 6061 b butterfat; 287 days; owner, H. E. Tumor; second highest cow, 6051 b. ymtterfat; 304 days; owner, M. H. Burmeister. Group 7, highest cow, 5481 b. butterfat; 313 days; owner, A. R. Bryant; second highest cow, 5471 b buttorfat; 280 days; owner, Id. Dittmer. Group 8, 505 lb butterfat; 297 days; owner, Mrs H. D. Artuur; second highest cow, 4541 b. butterfat ; 284 days; owner, D. E. Batcholar. Group 9, highest cow, 5681 b. butterfat; 269 days; owner, A. E. Callingham; second highost cow, 5161 b. buttorfat; 315 days; owner, Minson and Marshall. Group 10, highest cow 5381 b butterfat; 307 days; owner, W. Emerson; second highest oow, 5321 b butterfat; 308 days; owner H. L. Gower. Group 11, highest cow, 5261 b. butterfat; 292 days; T. G. Vincent; second highest cow, 4951 b butterfat; 293 days ; owner, H. W. Christie. Group 12, highest cow, 5121 b butter; 364 days; owner, A. P. Ralph; second highest cow, 4411 b. buttorfat ; 265 days; owner, M. E. Port. Group 13, highost cow, 6011 b butterfat; 246 days; owner, Houghton Bros.; second highest cow, 5391 b butterfat; 292 days; owner, A. O’Donnell. Group 14, highest cow, 5011 b butterfat; 365 days; owner, C. Id. Walker; second highest cow, 4801 b butterfat; 298 days; owner, W. E. Stewart. Grtjup 15, highost cow, 5931 b butterfat; 290 days; owner, Murray Bros.; second highest cow, 5441 b butterfat; 316 days; owner, J. J. Taylor.

HIDES, SKINS AND TALLOW SALE.

Tho fortnightly sale of hides, skins and tallow was Wold at Wellington on Friday. Hides: As compared with late rates, lights mediums and heavies about id and kip id higher, yearlings on a par, and calf id lower. Ox, 331bs to 441bs, 3 3-4 d to 4|d; 451bs to 52 lbs, 3d to 4 5-8 d: 531bs to 591bs, 4d to 4 7-8 d; 601bs to 691bs, 4id to 6d; 701bs and over, 3d to 7id; cows, 33 lbs to 39 lbs, 2id to 4 3-8 d; 401bs to 481bs, 3id to 4 3-8 d; 491bs and ovor, 3id to 4 3-8 d; kip, 251bs to 321bs, 3id to 4 5-6 d; 171bs to 24lbs, 3id to 4 5-8 d; 171bs to 24 lbs, 4d to sd; yearlings lllbs to 161bs, 3d to sid; calf, 91bs to lOlbs, 2id to sid; 61bs 81bs, 2id to 6d; lib to slbs, lid to 6d. Sheepskins: Dry, all grades id to id lower; salteds, 2d to 3d per skin lower. Dry; Halfbred, 2id to 3 3-4 d; fine crossbred, 3id to 3 3-4 d; medium crossbred, 2jd to 3jd; coarso crossbred, 23-4 dto 3|d; half wools, lid to 3|d; quarter wools, id to 23-4 d; pelts, id to 2id. Salteds : Pelts, none offering; quarter wools, Is 7d; half wools, Is 7d to Is lOd; three-quarter wools, Is lOd to 2s sd; full wools, 2s 9d; extra large, none offerings; lambs, 9d to Is 6d. Tallow: In casks, 13s 6d; in tins, etc., 10s to 13s 6d. METALS MARKET.

LONDON, July 2. Metal Exchange quotations are as follow, those previously cabled being given for tho purposes of comparison:—

.Claiming that much water that the stock were compelled to drink was totally unsuited, Mr H. Schrieber recommended to the Manawatu provincial executive of the New Zealand Farmers’ Union on Saturday that an analysis of water used on farms be taken. No action was taken in the matter.

WELLINGTON STOCK EXCHANGE

LAST WEEK’S BUSINESS AND PRICES.

As compared with tho preceding week smaller business was done on the stock exchanges of the Dominion last week. There is not wanting evidenco that stocks and shares aro being purchased by those looking for income from their investments. A few shares aro being bought in the hope, of appreciation as soon as economic conditions improve, and a few odd lines are being bought as speculations. Gilt-edged securities have been in very good demand, but buyers cannot be movod to raise their bids. However, a fair business was done at the ruling rates. Tho demand for tho Ai per cents, was keen .and several parcels changed hands. Tho 4£ per cent, stocks, 1938, sold at £9B, £9B 2s 6d and ■£97 17s 6d, and the bonds at £9B. Tho 4i per cent, stocks, 1939, changed hands at £97 17s 6d and £9B, and tho 4£ per cents., 1941, at £9B. The Si per cents, were much sought after, but there was littlo business passing. The Si per cents., 1936, were transferred at £99 7s 6d. Mount Eden Borough 53 per cent., 1967, changed hands at £99. Auckland City 5£ per cents., 1944, at £97 7s 6d; Auckland Powor Board 5i per cents., 1945, at £97 10s, and Wellington Hospital Board 44- por cents., 1933, at £9B ss.

A good business was done in a limited number of bank shares, and the market showed a tendency to firm. Bank of New Zealand were again very active and improved in value. They sold during tho week at 46s 6d, 46s 9d, 46s 7d, 46s 6d, 47s 3d, 46s 9d, 47s 44d, 47s 9d, 475, 495, 495, 495, 495, 495, 495, 48s lid, 48s 6d, 48s 6d. Commercial Bank of Australia were steady sellers, and the demand for them is likely to bo very marked during the next three or four weeks, ponding tho announcement of the final dividend for tho year ended Juno 30. The sales of tho week were at 143 6d, 14s 9d, 14s lOd, and 15s. National Bank of New Zealand woro somewhat slow and changed hands at £4 10s cum dividend. National Bank of Australasia £lO paid sold at £lO Is for tho first timo for months. Bank of New South Wales showed wide fluctuations tho course of sales being £25 lls, £25, £25, £25 10s, £25 11s, £25 10s, £24 17s 6d, £24 17s 6d, £25. Union Bank sold at- £7 17s 6d and £7 18s ; aga-inst _£7 12s in tho previous week. English, Scottish, and Australian Bank changed hands at £4 7s 6d; as compared with £3 19s a week earlier. Insurance shares were firm with a moderato turnover. National Insurance sold at 13s; Now Zealand Insuranco showed a rising tendency with sales at 30s 9d, 41s, 41s 9d and 425. South British sold at 51s 3d and 51s 6d. Dalgoty and Co.’s sharos showed a strong; firming tendency and changed at £6 lls; in tho previous week they sold at £6 and £6 7s 6d. Goldsbrough, Mort and Co. sold at 20s, cum dividend; Now Zealand Guarantee Corporation, ordinary at 5s and preference at 20s 3d. N.Z. Loan and Mercantile ordinary stock were transferred at £SO.

Gas shares were in good demand, but tho prices offered were not such as to bring sellers into tho market. Auckland Gas sold at 235. Coal shares have been very much neglected in recent months. Last' wook Taupiri Coal changed hands at 20s 6d. N.Z. Refrigerating, 10s paid, wore not so activo as usual and sold at 3s 8d 'and 3s 7d. New Zealand Breweries were firm with sales at 45s 9d, 34s lOd and 355, and Thnaru Brewery, 5s paid, sold at 63 3d and 6s lid. Colonial Sugar were rather more activo than for some weeks and changed hands at £34 10s, £34 15s, £34 10s and £24 12s 6d. British Tobacco sold at 24s 6d, 25s and 25s 3d; Wilson’s Cement at 35s 6d and 355; Dominion Investments at 18s; Relianco Loan, preference, at 17s 6d; Farmers’ Trading at 5s 6d; and Taranaki Oil at 9d. /SATURDAY’S QUOTATIONS.

Buying and selling quotations at the Saturday morning call on tho Wellington Stock Exchango were as follows:

SATURDAY’S SALES. The following sales were recorder] on the stock exchanges of the Dominion on Saturday : Wellington.—Nil. Auckland.—Franklin Power Board, 5£ p.c., 1965, £93; South British Insurance, £2 11s 6d; King Solomon, 2s Ud, & Waihi Grand Junction, 3s. Christchurch. —Bank of New Zealand, £2 8s 3d; Union Bank of Australia, £7 18s; Christchurch Gas, £1 ss;- New Zealand Breweries, £1 15s 6d; King Solomon, 2s 7id, 2s 7d, 2s 7d, 2s Bd, 2s 9d, 2s 8d; Maha kipawa (3), 7d; Golden Point, Is paid, Is lid (2) 2s. Sale reported: Colonial Sugar, £35. ’ °

RAW MATERIALS

LONDON, July 4.

Friday’s closing prices for the following raw materials were as follow, those for Juno 26 being given in parentheses; — Cotton—Liverpool quotation. American middling, July delivery, 5.46 d per lb (5.39 d). , , Rubbop.—Para, 4/d per lb (same); plantation smoked, 3|d per lb (same). Jute.—Julv-August shipment, £l6 5s per ton (£l6 2s 6d). Hemp.—None offering. Copra.—July shipment. South Sea nominally, £l2 15s per ton (£ll 15s); plantation Rabaul, £l2 17s 6d per ton (£ll 17s 6d). Linseed oil.—£lß 15s per ton (£18). Turpentine.—47s per cwt (same).

DAIRY PRODUCE. LONDON MARKETS. BOARD’S REPORT. There was an improvement in tho dairy produce market last week. On Friday, Now Zealand salted butter was quoted at Uls-113s (equal, approximately, to llid per lb, f.0.b.), a rise of 3s -to 4s on the week. Danish was quoted at 116s-117s spot and 110 s f.0.b., unchanged on the previous woek. Tho mid-wock quotation for Danish, however, was only 113s-114s. New Zealand salted butter on Friday was quoted at a premium of 6s a cwt over Australian. Ono report states that although tho market for New Zealand butter is firmer, buyers are not willing to operate at tho advanced prices. The checso market is definitely firmer, with more inquiry. On Friday, Now Zealand white, was quoted at 555-56 s and coloured at 575-595, and up to 60s for extra quality, theso prices showing a rise of 2s to 3s on tho week. Tho quotations 555-59 s aro approximately equal to s§d per lb, f.o.b. Canadian commands a nromium of 13s to 14s a cwt over New Zealand cheese. Tho retail prices of. New Zealand butter are unchanged at Is 2d per lb, and Danish at Is 3d; New Zealand cheeso is still selling at 7d per lb. Tho Dairy Board’s London offico roports tho following prices as ruling on Friday, those for tho previous week being shown in parentheses:— BUTTER. New Zealand, salted, llls-113s (107s-110s; July 4, 1930, 1345-138 s); unsalted, 114s-116s (112s-116s; July 4, 1930, 1465-150 s) ; first whey, 104 s (100 s) ; second whey, 102 s (98s). Australian, salted, 105s-107s (102s-105s) ; unsalted, 106s-109s (106s-110s). Argentine, unsalted, 106s-ilos (106s-108s). Irish creamery, salted, 110 s (108s-109s). unsalted, 113 s (llls-112s). Danish, 110 s, f.0.b.; 116s-117s spot (110 s; 116s-117s). Dutch, unsalted, 115s-120s (117s-120?). Esthonian, salted, 104s-106s (104 s). Latvian, salted, 104s-105s (104 s). Siberian, 945-96 s (965-98 a). Polish, salted, 90s-94s (90s-945) ; unsaltcd 945-98 s (90s-98s). Lithuanian, unsalted, 104 s (not quoted). CHEESE. Now Zealand, whito, 555-56 s (525-545; July 4, 1930, 755-765); coloured, 575-59 a); ex 60s (555, 575; July 4, 1930, 81s-82s). Australian, white, 54s (51s-52t) ; coloured, 56s (545-565). Canadian, whito and coloured, 68s-74s (68s-745); Juno make, c.i.f. price, 575-58 s; little business doing. South Africa, white, 50s (40s-50s) ; coloured, 525-53 s (40s-525). STOCKS AND DELIVERIES. Tho board’3 London offico reports that arrivals of butter from Poland and tho Baltic States last week wore 7500 tons. A consignment of 20,000 casks of Siberian butter was all diverted to Germany. Canadian arrivals of buttor during the week wero 9000 boxes, and 5800 boxes aro expected this week. The Empire Marketing Board’* estimate of tho stocks of all butter as at July 1 was 716-315 boxes, as compared with 1,194,905 boxes a year ago, a decrease of 478,500 boxes.

Deliveries of New Zealand butter for tho week wero 1392 tons, as against 755 tons a year ago. Tho quantity in store, including 175 tons ex Remuera, but excluding 212 ox Port Nicholson, was 4873 tons, as compared, with 11,258 tons a year ago. Deliveries of Australian butter for the week were 1412 tons, as against 912 tons a year ago, and tho quantity in store was 3000 tons, as against 3175 tons. Deliveries of New Zealand cheeso for the week wero 22,000 crates, as against 23,350 crates a year ago. The quantity in store, including 4500 crates ex Romucra, was 160,000 crates, as compared with 122,056 crates a year ago. Deliveries of Canadian cheeso for the week wero 4100 boxes, as against 4000 boxe3 a year ago; the quantity in store being 130,000 boxes as compared with 110,418 boxes a year ago. Recent shipments of dairy produce to Britain include tho Westmoreland (sailed Juno 25), Port Fairy (sailed Juno 26), and lonic (sailed July 4). Tho three ships took 108,272 boxes of butter and 21,901 crates of cheeso.

FROZEN MEAT. The New Zealand Meat Producers’ Board has received the following cable from its London office, dated 3rd July, 1931, advising that the following ore the approximate average prices realised for the week, based on actual, transactions of wholesale quantities of the descriptions of meat mentioned and.are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithfield market and/or ex London stores, prices for the two previous weeks being shown in parentheses New Zealand sheep, Canterbury and North Island selected, crossbred wether's and maiden ewee, 48/56, 4 7-8 d (sd, sfd); 57/64, 4 3-4 d(4 7-Bd, 4 7-8 d); 65/72, 4id (4 3-Bd, 4id); North Island do., 48/56, 4 5-4 d(4 7-Bd, sd); 57/64, 4 5-8 d (4 3-4 d, 4 3-4(1); 65/72, 4fd (4fd, 4id); owes, 48/under, 4Ad (4fd; 4 3-8 d); .48/64, 3 3-4 d(3 7-Bd, 4d); 65/72, 3 3-8 d (3Jjd, 3 5-8 d). New Zealand lambs, Canterbury, 36/under, 7id (7 5-Bd, 7 3-4 d); 37/42, 7 3-8 d (7£d, 7 5-8 d); 43/50, 7Jd 7id); second quality, average, 33, 6 7-8 d (7d, 7d); other South Island brands, 36/under, 7 3-8 d (7id, 7 5-8 d); 37/42, 7id (7fd, 7 3-8 d); 43/50, 7d (7|d, 7/,d); ■ selected North Island brands, including Downs, 36/ under, 7 3-4 d (7 3-4 d, 7 7-8 d); 37/42, 7jfcd (7|d, 7 5-8 d); 43/50, 7£d (7R 7id); second quality, av.erage, 31 6 7-8 d (7d, 7d); other North Island brands, first quality, 36/under, 7id (7fd, 74d); 37/42, 7|d (7£d, 7id); second quality, average, 31, 6 3-4 d (6 7-Bd, 6 7-8 d). Australian lambs, Victorian, first quality, 36/under, 6Jd (6 3-Bd, 6 3-8 d); 37/ 42, 6fd (6fd, 6id). Argentine lamb, first quality, 36/under, 6 3-8 J (6 3-Bd, 6 3-8 d); 37/42, not quoted. Argentine chilled beef, ox fores, 23-8 d(2 5-Bd, 25-8 d); hinds, 5 3-4 d (6d, 6Jd). Australian frozen beef, ox crops, over 100, 2d (2d, 2d); hinds, over 160, 3fd (3fd, 3id). New Zealand prime porker pigs, 60/100, 6£d (6d, 6d); 101/120, 5 3-4 d (Sad, sjd). New Zealand prime baconer pigs, 121/180, sfd (sd, sd). Now Zealand frozen vbal, not quoted. Lamb market slightly easier in consequence of heavy landings, but tone of market is good. Consumption satisfactory. Mutton: Wethers and ewes both weaker. Demand affected by cheap beef. New Zealand beef: Depressed, owing to over supply of Argentine chilled beef. New Zealand porker pigs: Stocks are light, but clemaaid is small. New Zealand baooner pigs: Nominal.

Levin and Coy., Ltd., have received the following cable from their London agents, dated 3rd July, 1931. Frozen meat quotations (pricee on a “delivered" basis, i.e., including storage charges, cartage, market tolls, etc.) : North Island Down lambs, 28361bs, 7/d per lb; 36-421bs, 7|d; best North Island crossbred lambs, 28-361bs, 7/d; 36-42 lbs, 7gd; North Island 2nd quality lambs, average, 30-311bs, 6gd; be6t North Island wother sheep, under 481bs, 5/d; 48-561bs, 4/d; 56-641bs, 4|d; 64-721bs, 4/d; North Island ewes, under 481bs, 4/d; 48-561bs, 3/d; 56641bs, 3fd; 64-721bs, 3jjd; New Zealand prime ox beef, 160-2201b5, none offering. As compared with last week’s quotations,' best North Island crossbred lambs /d per lb lower, others unchanged; best North Island, wethers under 481bs Id per lb lower; 48-72 lbs /d per lb lower; North Island ewes /d per lb lower. The iqarkct is inactive.

RETAIL PRICES OF NEW ZEALAND MEAT IN LONDON.

The New Zealand Meat Producers’ Board has been advised by its London manager that the following retail prices are being quoted for New Zealand lamb and mutton retailed in London on Ist July, 1931: New Zoaland lambs, legs, 12d.pcr lb; shoulders, lid; loins, lOd; necks, 4d; breasts, 3d; forequarters, 3/d; hindquarters, lid. New Zealand mutton (wether), logs, 8/d; shoulders, 7/d; loins, 7/d; necks, 3d; breasts, 2d.

J une 29. July 2. Per ton. Per ton. Copper— £ s. d. £ s. d. Standard, spot 40 8 9 37 18 9 Standard, forward 41 1 3 38 11 3 Electrolytic 42 10 0 41 0 0 to 43 0 0 41 10 0 Wire bars 43 0 0 41 10 0 Lead — Sifbt 13 11 3 13 15 0 Forward 13 17 6 13 12 6 Spelter— Spot 13 15 0 12 6 3 Forward 14 16 3 13 10 0 Tin— Spot — 117 18 9 Forward — 118 18 9 Silver — ' Standard, per oz . 13 l-16d 13 9-16d Fine, per oz — 13 5-8d

Buyers Sellers N.Z. GOVT. LOANS— £ s. d. £ s. d. p.c. Ins. Stk., 1939 97 15 0 98 5 0 p.c. ditto, 1963 97 15 0 98 2 6 5& p.c. ditto, 1966 99 2 6 99 10 0 5i p.c. ditto, 1935 99 0 0 * 5i p.c. ditto, 1941 95 10 0 .5fi p.c. ditto, 1967 96 5 0 — 4? p.c. bonds, 1948 ... 97.17 6 '98 5 0 51 p.c. ditto, 1933 99 5 0 — DEBENTURES— Wgnt. Gas Co — 100 15 0 Wgtn. Racing Club ... — 103 10 0 N.Z. Breweries bonds 1 1 N.Z. Milk Products ... 1 0 0 — 0 — Wgtn. City, p.c., 1940 97 5 0 — Auckland City, 5A p.c., 1944 97 5 0 . Otago Ilbr. Brd., 53 p.c., 1938 — fl02 5 0 BANKSAustralasia — 10 0 0 Aust. of Commerce ... 0 14 9 0 15 6 Comm, of Aust., ord. — 0 15 0 Commercial Bank Co. (Sydney) — 15 0 0 Eng., Scot, and Aust. — 4 10 0 National N.Z 4 10 0 5 0 0 Nat. A’asia. (£5) 4 12 0 — New South Wales ... 25 7 6 — New Zealand 2 9 6 2 9 3 Ditto, long term 1 6 3 — Union of Aust 7 10 0 7 18 0 FINANCIAL— Goldsbrough Mort .... 1 0 0 1 1 0 N.Z. Invest., Mtg. and Deposit — 0 10 3 N.Z. Loan and Merc., ord — 60 0 0 Well. Invest., T. & A. — 0 10 9 Wgtn. Trust and Loan — GAS— 6 15 0 Wellington, ord 1 6 9 — INSURANCE— Aust. Prov. 0 4 5 — National 0 12 9 — New Zealand — 2 2 6 South British 2 11 0 2 11 9 MEAT PRESERVING— N.Z. Refrigerating . — 0 3 9 TRANSPORT— Huddart, Parker, ord. 1 0 0 — TIMBER— Ley land O’Brien 1 0 9 — BREWERIES— New Zealand 1 15 0 — MISCELLANEOUS— C. M. Banks, ord. and > pref.• — 0 13 0 British Tobacco, ord. ..15 0 — Consol. Brick — 0 9 3 Dominion Investments 1 1 6 — Electro. Zino pref 0 14 9 0 15 6 Howard Smith, ord. . — 0 8 0 N.Z. Drug 2 9 0 — Well. Queen’s Theitre *1 0 .6 — Wilson’s Cement 1 14 6 — OILBlenheim — 1 15 0 MINING— Mt. Lyeli 0 18 0 0 18 9 Waihi 0 15 5 — King Solomon' — 0 3 3 *Cum. dividend. and principal payable in London