FARMING AND COMMERCIAL

Manawatu Standard, Volume LII, Issue 2, 2 December 1931, Page 5

FARMING AND COMMERCIAL

WORLD WHEAT CROPS. WASHINGTON, Nov. 30. Following receipt of the Australian forecast, the Department of Agriculture has predicted that world wheat production in 39 countries, excluding Russia, will total 3.283,615,000 bushels. The Argentine, Chilean and Uruguayan figures also are excluded. WHEAT CARGOES. LONDON, Nov. 30. Wheat cargoes were steadier to-day at an advance of threepence to sixpence. Parcels were firmly held for advances of sixpence to one shilling. Futures: London, December, 25s Id per quarter; February, 25s 2d; June, 26s 2d ; Liverpool, December, 5s 3Jd per cental; March, 5s 7sd; May, 5s 9Jd. i PRICE OF GOLD. i LONDON, Nov. 30. ; The prioe of gold to-day was quoted at £5 17s lid per fine ounce, as compared with £5 16s 6d on Saturday, £5 15s on Friday, and £5 14s 2d on Thursday. Silver to-day was quoted at 18 13-16 d per ounce cash, and 19d forward.

DAIRY PRODUCE.

SHIPPING ALLOTMENTS,

A prize-winning Middle Yorkshire sow which was stfocessful at the last two English Royal shows, recently farrowed a litter of fifteen pigs. This brings her total pigs born in the past year to 55, she having also farrowed 21 in August, 1930, and 19 in February last. This performance is of particular interest in view of the criticism sometimes heard that show animals are not prolific breeders.

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND

PRICES.

Dullness was again a feature of the Wellington share market yesterday, and tnere were only four sales recorded. , . , Government securities were in moderate demand. The 4i per cent, bonds, 1939 and 1938, were 10s higher at £96 10s, and a sale was reported at £96.17s 6d of the 1938 bonds. The 5} per cent, bonds, 1937, were steady at £9B 6s. The 5b per cent, stocks, 1937, were 15s higher at £93 los. Wellington Amalgamated Brick debentures were unchanged at £65, but N.Z. Breweries bonds were down 6d, at 20s 6d. Bank shares were slow. Commercial Bank of Australia, ordinary, were wanted at 15s 6d, with sellers at 16s. Bank of New South Wales advanced 25s to £25 ss.

Coldsbrough, Mort and Co. were down Is 3d at 21s 9d. Wellington Trust and Loan were firm at £6 with no sellers. N.Z. Loan and Mercantile, ordinary, were in demand at £45. New Zealand Insurance were firm at 39s 9d, but South British Insurance were down 3d at 53s 9d. YESTERDAY’S QUOTATIONS. Buying and selling quotations at the morning call on the Wollmgton Stock Ex-

YESTERDAY’S SALES.

The following sales were recorded on the stock exchanges of the Dominion yesterday Wellington.—N.Z. Govt, bonds, 4i p.c., 1938, £96 17s 6d; Bank of New Zealand (2), £2 7s 3d; Colonial Sugar, £36. Auokland.—lnser. stock, 4£ p.c., 1938, £96 10s; 5£ p.c., 1936, £9B ss; Commercial Bank of Auet., 16s*; National Bank of N.Z., £4 11s; Bank of New Zealand, £2 7s 3d; Wellington Gas, pref., 15s 9d; Byoroft, £1 7s 6d; Colonial Sugar, £36 ss; Okarito, 10s 4d; Auckland Gas, £1 3s 7d; Waihi Grand Junction, 3s 7d. (*Late sale Monday.) Christchurch.— Inscr. stock, 5i p. 0., 1937, £9B ss; Goldsbrough, Mort (2), £1 la lid, £1 Is 9d; N.Z. Refrigerating, 10a paid (3), 4s 3d, 4s Id, 4s 2d; King Solomon (2), Is sd; Mahakipawa (4), 4id; Okarito, 10s 4d, 10s 6d, 10s 4d; Golden Dawn, 7s. Sales reported: Westport Coal, £1 ss. Dunedin. Salos reported: Wilson’s Cement, £1 15s 6d; N.Z. Breweries, £1 9s.

P. AND 0. COMPANY. LONDON, Nov. 30. The Peninsular and Oriental Steam Navigation Company, for the year ended September 30, 1931, reports a credit balance of £643,289, of whibh-£115,051 is brought foirward. Reserved for redemption of debentures, £IOO,OOO, and earned forward £115,738. Last year’s report stated that the year was a very difficult one, with a decrease in shipments in almost all the company’s trades.. This still applies. The dividend is paid from the company’s invest; ments, and with the assistance of some of its allies. This has enabled the board to recommend payment off the deferred dividend free of income tax.

Reviewing the whole of the company’s operations, the report says there are signs of improvement that should continue if the oountry’s finances are placed ctn a sound footing.

COMPANY’S REPORT,

Per Press Association

CHRISTCHURCH, Dec. 1. The annual report of the Canterbury Frozen Meat Company states that the net profit for the year- was £15,623 which, with the amount brought forward. makes the amount to the credit of the profit and loss account £16,492. A dividend of 6 per cent, on preference shares absorbs £6OOO and a dividend of 6 per cent, on ordinary shares £6759. The amount added to the renewal reserve fund is £2500, leaving £1242 to carry forward.

FOREIGN EXCHANGES.

LONDON, Nov. 30. The following rates on foreign exchanges are current to-day, as compared with par:—

FROZEN MEAT.

METALS MARKET.

SYDNEY, Deo. 1. The official London (middle) quotations for Monday, as received by the Australian Mines and Metals Association compare as follow with those previously cabled : Nov. 26. Nov. 30.

MARTON SALE. The New Zealand Farmers’ Co-op. Distributing Coy., Ltd., report of their Marton sale:—A small yarding was submitted. Bidding was dull and most lots were passed at auction. A fair clearance was made privately. Quotations: —Woolly ewe hoggets, medium, 12s; light fat cows, £2 10s to £3 2s 6d; 15-month Jersey bull, £3 12s 6d; good porkers, 28s; weaner frigs, 14s to 16s.

A paragraph appearing in an exchange to the effect that a farmer in England had a four-legged chicken / .hatched recently prompted Mr Fisher, of 14 Worcester Street, to inform tho “Standard” that a fully-de-veloped chicken had been hatched out by one of his hens. The etneken could not break tho shell and had to be liberated. Unlike the English chicken, Mr Fisher’s specimen did not live. It is preserved in spirits and ho will be pleased to show it to anyone interested. At what age ought a heifer produce her first calf, if sho is meant for tho dairy ? It has generally been found that when a heifer both breeds and inilk3 early, provided she is well grown, sho makes a more useful cow than one which has not had her first, calf before she is three years old (says an oxchange). But tho three-year-old hoifor is practically a cow when sho caives, whereas tho two-year-old can hardly bo expected to yield as much milk. If the younger animal is of a deep milking strain, and milks continuously for a lengthy period, her growth is apt to be checked, and she will not attain the same good size as she would if she had not had her first calf so early. In tho case of strong, vigorous growing heifers, early breeding may be advisable, but slow growing, and rather stunted heifers are better to bo from two and a half to throe years old ■when thoir first calf is born.

The following are allotments for shipments of dairy produce by as under: — Approximately. Due vessels sailing Dom. Totals. ButSteamer. Sails. From. U.K Dec. Jan ter. Cheese Port Fairy 5 Akld. 11 80,000 22,800 Ionio Northum12 Akld. 20 81,000 18,700 berland (Part W.C.) 19 Napr. 24 80,000 35,000 Port Huon 21 Wgtn. 28 Feb. 40,000 22,700 Pt. Dunedin 24 Lyttn. 2 40,000 20,500 Rangitata 31 Wgtn. 2 65,000 — Raranga 31 Jan. Lyttn. 7 50,000 14,500 Cumberland 5 Lyttn. 12 10,000 19,000 Tairoa (Pt. W.C.) 7 Pt. Ch. 13 60,000 19,800 Mataroa 13 Akld. 16 60,000 16,40.0 Rotorua 13 Wgtn. 18 50,000 17,800 Pakeha 16 Wgtn. 23 52,000 14,100 Hertford (Pt. W.C.) 21 Wgtn. 27 Mar. 59,000 27,600 Matakana 23 Wgtn. 2 15,000 15,000

chango yesterday were as folio w Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ s. d. 44 p.o. bonds. 1929 and 1938 96 10 0 — 54 p.o. ditto. 1937 98 5 0 98 12 6 44 p.o. Ins. Stk., 1938 96 10 0 — 64 p.o. ditto, 1937 — 93 12 6 5j p.c. ditto, 1934 — 97 0 0 5£ p.c. ditto, 1937 DEBENTURES— 93 15 0 Well. Racing Club .. — 100 10 0 'Well. Amal. Brick .... 65 0 0 ■— N. Z. Breweries bonds Uugo Hart). Hd., bi 1 0 6 1 2 0 0 per cent. 1938 — J102 5 Lyttelton Harb. Bd., 5£ 96 10 p.c., 1953 Napier Boro., 5 p.o., 0 0 1944 88 0 Petone-L. Hutt Gas, 5J p.c., 1952 BANKS— — 96 10 0 9 6 0 Commercial of Aust., ord 0 15 6 0 16 0 Eng., Scot, and Aust. 4 6 0 — National N.Z — 4 14 0 New South Wales ... t25 5 0 — N ew Zealand — *2 7 6 Union of Australia ... FINANCIAL— — 7 19 0 Goldsbrough, Mort ... National Mortgago ... 1 1 9 2 0 0 N.Z. Guar. Corp., -ord. N.Z. Invest., Mtg. and — 0 6 5 Deposit — 0 10 0 Well. Invest., T. & A. Well. Trust and Loan — 0 10 0 6 0 0 — Well. Dep. and Mort. N.Z. Loan and Merc., — 0 10 6 ord 45 0 0 -7GAS— 0 9 0 Wellington, ord INSURANCE— 1 6 3 New Zealand 1 19 9 — — 0 13 3 South British TRANSPORT2 13 9 Huddart, Parker, ord. WOOLLEN— 1 2 0 Wellington, ord — 4 6 6 COAL— 1 5 9 BREWERIES— New Zealand — *1 10 0 1 0 6 MISCELLANEOUS— Dental and Medical . 0 4 6 — Dominion Investments 1 1 6 — Electro. Zinc, pref. . N.Z. Drug 0 18 0 2 12 6 N.Z. Paper Mills Wilson’s Cement 0 17 6 1 15 9 MINING— Mount Lyell 0 19 6 *0 19 10 Waihi 0 15 6 — King Solomon 0 1 5 0 1 8 Okarito 0 10 0 0 10 6 "Cum. dividend. +Ex dividend. tlnteresi unu principal payable m London.

Now York, dol. to £1 ... Nov. 30. 3.41 Par. 4.866 Montreal, dol. to £1 3.98 4.866 Paris, francs to £1 87.25 124.21 Brussels, bel to £1 25 9-16 35.00 Geneva, francs to £1 17.50 25.225 Amsterdam, florins to £1 8 7-16 12.107 Milan, lire to £1 66 92.46 Berlin, marks to £1 14.375 20.43 Stockholm, knr. to £1 ... 18.125 18.159 Copenhagen, knr. to £1 Oslo, knr. to £1 18.25 18.159 18.625 18.159 Vienna, echgs to £1 29 34.585 Prague, knr. to £1 115 ■ 164.25 Hel’fors, marks to £1 ... 194 193.23 Madrid, pes. to £1 40.75 25.225 Lisbon, esc. to £1 109.775 4.50 Athens, drachs, to £1 267.50 375 Bucharest, lei to £1 585 813.6 Rio de J., p. to mil. ... 4 16.70 B. Aires, p. to peso 38i 47.52 M. Video, p. to peso 30 51 Calcutta, p. to rupee ! 18 5-16 18 Shanghai, p. to tael 21| — H.-Kong, p. to dol 165-16 — Y’hamo, p. to yen 34.875 24.582

The Now Zealand Meat Producers’ Board reports the following shipments of frozen meat from New Zealand:— Beef. Mutton. Lamb. Pork. Qrs. Cs. Gs. Cs. Nov. 1-15, 1931— London 7,269 79,232 92,747 3,707 Liverpool 2,772 1,568 2,587 80 Glasgow 867 Avonmouth 1,455 — 1,500 1,247 ' 1,001 205 324 Other countries — . 6 — — 12,363 82.053 97.835 4,326 Boneless Beef (bags).—Liverpool 696, Glasgow 34,775. Total, 35,471. SUMMARY. (Total, 1st October, 1931. to 15th * November. 1931.) London 20,864 242,051 269,521 9,530 Southampton — 1,507 13,190 — Liverpool 5,539 7,134 17,091 1,031 Glasgow 2,194 500 1,500 322 Avonmouth 2,372 2,523 3,336 324 Other countries — 17 1 — 30,969 253,732 304,639 11,207 Boneless Boof (bags).—London 430, Liverpool 696, Glasgow 60,844, Honolulu 82. Total, 62.112. (Total for same period last year, viz., 1st October. 1930; to 15th November, 1930.) London 11,641 367,392 192,617 16,685 Southampton — 3,256 7,0058 — Liverpool 1,162 10,456 7,730 453 Glasgow 1,688 2,302 — 778 Avonmouth 1,414 5,095 15,507 500 Manchester — — 1,000 — Vancouver — 450 ■+ — Honolulu 738 — Other countries — 8 — — 16,643 388,959 221,912 18,415 Boneless Beef bags).—Liverpool 1526, Glasgow 22,841; total, 24,367.

Per ton. Per ton. Copper— £ a. d. £ s. d. Standard, spot 32 6 3 36 3 9 Standard, forward 32 18 9 36 15 71 Electrolytic 38 0 0 41 0 0 to 40 0 0 44 0 0 Wiro bars 40 0, 0 44 0 0 Lead — Spot 14 11 3 15 0 0 Forward 14 7 6 14 15 0 Spelter— Spot 13 13 9 14 0 0 F orward 14 0 0 14 7 6 Tin- . Spot 135 6 3 136 6 3 F orward 137 16 104 139 1 3 Standard, per oz . 18 9-16d 18 13-16d Fine, per oz 20d 20 5-16d