FARMING AND COMMERCIAL

Manawatu Standard, Volume LII, Issue 6, 7 December 1931, Page 5

FARMING AND COMMERCIAL

I AIRY PRODUCE. NDONMARKETS. )ARD’S REPORT. s an improvement in the ter market last week, due, a break in arrivals. The sed firm on Friday. New Ited at 107s-110s, showed a to 3s a cwt. on the week. Board’s London office relore active Continental deag the week owing to the of considerable increase in duties in Germany and The cheese market in Lonclosed firm, New Zealand rise of 4s a cwt. on the ire heavy arrivals of New liry produce in London at • last week, the Somerset, nthic and Port Alma having 10 boxes of butter and 54,of butter from Russia at t week were 200 tons, lpire Marketing Board s the stocks of all butters at 28, was 481,410 boxes, as ,380 boxes a-year ago. ■y Board’s London office rely’s closing quotations as e for the previous week beland, salted. 107-110 s (104sicmber 5, 1930, 3025-106 s; 16s-120s to^l22s^(ll4-118s); ’approximately lid per lb. whey, 102 s (98s); second n, salted, 105s-108s (Rallied, 108s-112s (lo6s-110s). 3, unsalted, 945-100 s (965-128 s 128 s f.0.b.; 1345-136 s spot unsalted, 1445-146 s (134sd’ has also received the foldce from its agents in ocks, 225,000 boxes; last land, white, 665-675; ex. it; coloured, 625-635; ex. ;); 665-67 s approxif white and coloured, 665nest farmers, 925-100 s (92s-

HEMP AND TOW GRADINGS. For tlie first time in many months there was an increase last month in the quantity, of hemp and tow graded for export. The gradings last month compare as follow with those for November, 1930:

PRODUCE PRICES LONDON, Dec. 5. Wheat.—Cargoes to-day were quiet and prices unchanged. Parcels were occasionally 3d higher, but there was no response from buyers. Futures — London. December, 25-9 per quarter; February, 265; June, 26s lid; Liverpool, December, 5s 4Jd per cental; March, 5s 8j(d; May, 5s ll^di LONDON HIDES MARKET. LOIfDON, Dec. 5. Hides Mtatworks dry-salted: Queensland, 35-451 b. 6d; 30-401 b, sfd; 25-351 b, ,5Jd; '2O-301b, sfd; New South Wales, 35-451 b, nominally, CJd; 30-40!b. 6*d; 25-351 b, 6Jd; 20-301 b, 6d. Wet-salted. Queensland, 50-601 b, sd; 40-501 b, 4jd; New South Wales, 50-60 lb, 5Jd; 40-501 b, sd; Victorian abattoirs, 50-601b,.5d; 40-501 b, 4Jd. RAW MATERIALS. LONDON, Dec. 5. Friday’s closing prices for the following raw materials were as follow, those for November 27 being given in parentheses; Cotton. —Liverpool quotation, American middling, January deliverwy, 4.86 d per lb (4.62 d). Rubber. —Para, 3|d a lb (3fd); plantation smoked, 3 l-16d a lb (2sd). Jute.—December-January shipment, £22 15s per ton (£2l 10s). Hemp.—None offering. Copra.—December shipment, t South Sea, £l4 5s a ton (£l3 10s); plantation Rabaul, £l4 10s (£l3 15s). Linseed oil. —£15 10s a ton (£ls ss). Turpentine. —51s a cwt. (49s 9d). One of the worst winters experienced in the Waikato for many years, followed by an equally unfavourable spring, was fortunately largely counteracted by. extraordinarily heavy rains in November. The resultant heavy growth throughout the district has been ideal for ensilage and haymaking.

WELLINGTON STOCK EXCHANGE.

LAST WEEK’S BUSINESS AND PRICES. »

Thero was a marked contraction in the business done on Dominion stock exchanges last week, the general election in midweek being doubtless a disturbing factor.

Sales of Government securities showed a considerable drop. Tho 5£ per cent., 1937, stocks sold firm at £9B ss, £9B 10s, £9B 15s, and £99. and tho bonds* at £9B 10s and £9B 12s 6d. Tho 5j per cent, stocks, 1933, wore transferred at £9B 15s and £99, and tho 5£ per cent, stocks, 1936, at £9B 5s Id and £9B 10s. The 5i per cent .bonds, 1933, sold at £9B, and the 4£ per cent, bonds, 1938, at £96 17s 6d, an advance of 15s on the previous week.

A restricted businoss was done in bank shares, but prices were fairly well maintained. Bank of New Zealand changed hands at 47s 3d, 47s 6d, and towards tho week end at 48s, cum. dividend, Which was distributed on Saturday. National Bank of New Zealand sold at £4 Us, a drop of 3s on tho salo reported in the previous week. Tho fall was doubtless duo to tho lowering of tho interim dividend. Commercial Bank of Australia, ordinary, sold at 16s, 16s Id, and 16s 3d, as compared with up to 17s in the previous weok. Bank of Australasia sold at £9 3s, or 2s below tho Nosing prico of tho previous week. Union Banks wero also not auite as firm, selling at £8 Is and dropping to £7 16s. Bank of Now South Wales were in strong demand at firming prices. Dalgety and Co .changed hands at £B. £7 17s 9d, and £7 17s, as compared with £7 16s in the previous week. Goldsbrough, Mort and Co. eased off when it was announced that there would bo no interim dividend. In the previous week .hoy sold at 22s 5d to 23s 4d, and last weok they changed hands at 21s 9d to 225. New Zealand Loan and Mercantile ordinary stock sold at £SO. Insurance shares wore steady but business was restricted. New Zealand Insurance sold at 40s 6d and 40s. and South British Insurance at 54s 3d and 545.

Auckland Gas changed hands at 23s 7d, and Wellington Gas, ordinary, at 26s 9d, and preference at 15s 9d. Wellington Woollen ordinary sold at £4 6s. or 6d below the salo recorded the week before.

New Zealand Breweries sold steadily at 29s 3d, cum dividond of 4 per cent, for tho half-year endbd September 30, which is payable to-day. Staples and Co. changed hands at 28s, and Tooth and Co. sold at, 19s 6d. IPs fid. 19s 3d, and 20s 2d. British Tobacco wero inclined to bo dull and sold at 24s 6d. Colonial Sugar showed a steady upward trend with sales at £36, £36 ss, £36 7s 6d. £36 12s 6d, and £36 15s. SATURDAY’S QUOTATIONS. Buying and selling quotations at the Saturday morning call on tho Wellington Stock Exchange were as follow:

SATURDAY’S SALES.

The following sales were recorded on tho stock exchanges of the Dominion on Saturday:— Wellington.—Waihi Mining, lbs 3id 16s 4d*. (*Late sale Friday). Auckland.—Waihi, 16s 3d. Christchurch. —Union Bank-of Austr., £i 16s; British Tobacco, cum. div., £1 6s 3d; Colonial Sugar, £36 15s; King Solomon, Is lOd, (2) Is lid; Golden Point (4), sid. Sales reported: Christchurch Tramway Board, 4* p.c., 1934, £96 JLOs; Commercial Bank of Aust., 16s 2d; National Bank of Australasia, £5 paid, £5 Is; Goldebrough Mort, £1 2s 6d; Tooth’s Brewery, £1 Is. £1 Is 3d. - ’l FOREIGN EXCHANGES. LONDON, Dee. 4.

The following rates on foreign exchanges are current to-day, as compared

GOLD AND SILVER. LONDON, Dec. 4. Gold. —£6 4s Id per fine ounce, as compared with £6 2s 3d on Thursday, £6 6s 7d on Wednesday, £6 5s on (Tuesday, and £5 17s lid on Monday. Silver.—Cash, 19 7-16 d per oz.; forward, 19 5-Bd.

FROZEN MEAT.

The New Zealand Meat Producers’ Board has received the following cable from its London office, dated 4th December, advising that the following are 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 for the goods offering during the week, being for business done on the basis of delivered to Smithfiold 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 wethers and maiden ewes, 48/56, 4d (4d, 4d); 57/64, 3 7-8 d(3 7-Bd, 3 7-8 d); 65/72, 6 3-4 d(3 3-4 d, 3 3-4 d); North Island do., 48/56, 3 3-4 d (3 3-4 d, 3 3-4 d); 57/64, 3 5-8 d(3 5-Bd, 3 5-8 d): 65/72, 3 5-8 d (3 5-Bd, 3 5-8 d); owes 48/under, 3fd (3|d, 3/d); 48/64, 27-8 d (2 7-Bd, 27-8 d); 65/72, 25-8 d(2 5-Bd, 25-8 d). New Zealand lambs, Canterbury, 36/under, 7 3-8 d (7 3-Bd, 7 3-8 d); 37/42, 6 3-8 d (6 3-Bd, 6 3-8 d); 43/50, 5d (sd, sd); second quality, average, 33, sid, (sid, 5/d); other South Island brands, 36/under, 7d (7d, 7/d); 37/42, 6|d (6/d, 6id);.43/50, 5d (sd, sd); selected North Island brands, including Downs, 36/under, not quoted (7 3-Bd, 7 3-8 d); 37/42, not quoted (6 3-Bd, 6 3-8 d); 43/50, not quoted (sd, sd); second quality, average 31, not quoted (5/d, 5/d); other North Island brands, not quoted. Australian lambs, Victorian, first quality (new season’s) 36/under, 6 5-8 d (6 3-4 d, 6 3-4 d); 37/42, 5/d (5 3-4 d, 5 3-4 d). Argentine lamb, first quality (new season’s), 36/under, 6d (6d, 6d); 37/42, 5d (sd, sd). New Zealand beef, ox fores, 2/d (2 3-Bd, 23-8 d); hinds, 3 3-8 d (3 5-Bd, 3 3-4 d); cow forces and hinds, not quoted. Argentine chilled beef, ox fores, 3/d (3/d, 3|d); hinds 5 3-4 d (5 3-4 d, 5 7-8 d). Australian frozen beof, ox crops, over 100, 2/d (2 5-Bd, 25-8 d); hinds, over 160, 3/d (3 543 d, 3 3-4 d). New Zealand prime porkers pigs, 60/100, 5/d (5 5-Bd, 6d); 101/120, 5d (sd, 5/d). Now Zealand prime baconer pigs, 121/180, 4/d (4/d, sd). New Zealand frozen veal, not quoted. Lamb market: New Zealand old season’s lamb stocks are now small with fair demand for best grades, but market generally depressed owing to large supplies of Australian and South American lamb landing this month. Mutton market : Wethers unchanged with trade slow, Ewes, slightly bettet enquiry.- Beef market: Prices easier, but demand improving. New Zealand porker pigs: Prices lower owing to large supplies of Home killed selling at low prices. Levin and Coy., Ltd., have received the following cable from their London agonts, dated 4th December, 1931':—Compared with last week’s quotations, prices are unchanged. Improvement in tho market is not anticipated while there is a large supply of cheap moat' offering as at presont.

COWS ELECTROCUTED. ELEVEN ANIMALS PERISH

AUCKLAND, Dec. 6

Eleven dairy cows out of a herd of 40, the property of Mrs Chalmers, of Horahora, were found electrocuted on Friday morning as, a result of a hightension line breaking.

The cows were turned out on Thursday night, and everything appeared in order on Friday until the eleven carcases were found lying in a paddock.

Nov. Nov. 1930 1931 Increase Bales Bales Bales Hemp 1112 1247 135 Tow 297 335 38 Stripper slips 3 18 15

Buyers Sellers. N.Z. GOVT. LOANS— £ s. d. £ s. d. 4£ p.c. bonds, 1941 ... 95 15 0 — 5i p.c. ditto, 1933 — 99 5 0 54 p.c. ditto, 1937 98 17 6 99 5 0 44 p.c. ditto and Insc. Stk., 1939 96 0 0 — 4A p.c. ditto, 1938 96 5 0 — 54 p.c. Ins. Stk., 1936 98 10 0 — 5A p.c. ditto, 1937 93 0 0 — Rural Advances, 5 p.c., 1947 . 85 10 0 DEBENTURESWell. Racing Club .... — 100 0 0 Lyttelton Harb. Bd., 5* p.c., 1953 95 15 0 — Otago Harb. Bd., 5| p.c., ,1938 BANKS- — +102 5 0 Australasia — 9 10 0 Commercial of Aust., ord — 0 16 6 National N.Z — *4 12 0 New South Wales — 27 12 6 New Zealand 2 6 0 +2 7 0 Union of Australia ... — 8 0 0 FINANCIAL— Dalgety and Co 7 10 0 — Goldsbrough, Mort and Co : 12 3 1 3 0 N.Z. Guar. Corp., ord. — 0 6 2 Ditto, pref 10 0 — N.Z. Invest., Mtg. and Deposit N.Z. Loan and Merc., ' —_ 0 10 0 ord 45 0 0 — Well. Invest., T. & A. — 0 10 0 Well. Trust and Loan 6 0 0 ■ —• Well. JJep. and Mtg. — 0 10 6 GASWellington, ord 16 6 — INSURANCE— New Zealand 1 19 6 — South British — 2 14 7 MEAT - PRESERVING— Gear 15 3 — N.Z. Refrigerat. (10s) — 0 4 7 TRANSPORTHuddart, Parker, ord. 1 2 0 — P. and 0. 6tock — *1 10 0 WOOLLEN— Wellington, ord 4 4 0 4 7 0 COAL— Westport — 1 5 9 BREWERIES— Carlton 1 2 0 — New Zealand — *1 9 6 Tooth and Co 10 6 1 1 3 MISCELLANEOUS— British Tobacco, ord. 15 4 *1 6 2 Burns, Philp and Co. . 1 10 0 — Colonial Sugar — 36 15 0 Dental and Medical . 0 4 6 0 6 9 Dominion Investments 116 — Electro. Zinc, pref. ... 0 19 3 — Howard Smith, ord. ... — 0 8 6 National Electrio — 0 10 6 N.Z. Drug — 2 13 0 N.Z. Paper Mills 0 17 6 — Wellington Cordage .. Wilson's Cement 0 4 9 — 1 14 0 1 16 0 MINING— V • Mount Lyell 10 0 *1 1 0 Waihi 0 16 3 0 16 5 King Solomon 0 16 0 1 8 Alexander — 0 10 0 *Cum. dividend. +Ex. dividend. and principal payable in London.

with par: — Dec. 4. Par. New York, dol. to £1 ... 3.332 4.866 Montreal, doty to £1 Paris, francs to £1 3.90 4.866 85.375 124.21 Brussels, bel. to £1 24.00 35.00 Geneva, francs to £1 17.125 25.225 Amsterdam, florins to £1 8 9-32 12.107 Milan, lire to £1 65.75 92.46 Berlin, marks to £1 Stockholm, knr. to £1 ... 14 316 . 20.43 18.125 18.159 Copenhagen, knr. to £i . 18.125 18.159 Oslo, knr. to £1 18.25 18.159 Vienna, schgs. to £1 *28 34.585 Prague, knr. to £1 *113 164.25 Hel’fors, marks to £1 *192.50 193.23 Madrid, pee. to £1 ...... 40.00 25.225 Lisbon, esc. to £1 109.625 4.50 Athens, drach. to £1 235.50 6*1 b Bucharest, lei to £1 560 813.60 iio do J.. p. to mil. ... 41 16.70 13. Aires, p. to peso 403 47.52 M. Video, p. to peso — 51 Calcutta, p. to rup 18i 18 Shanghai, p. to tael 22 9-16 — II.-Kong, p. to dol 16 29-32 — Yokohama, p. to yen ... ‘Sellers. 35.50 24.582