FARMING AND COMMERCIAL

Manawatu Standard, Volume LII, Issue 175, 25 June 1932, Page 5

FARMING AND COMMERCIAL

LAMB-BREEDING EXPERIMENTS. COMPARISON OF CROSSES. The results of a series of lamb-breeding experiments carried out by the New South Wales Department of Agriculture at tho Cowra experimental farm last season to test Dorset Horn, Ryeland, and Southdown rams when mated with Merino, comeback, and crossbred ewes were shown at the splendid exhibit of tho Metropolitan Moat Industry Board at the Sydney Royal Show. The dressed carcases of the different types of lambs, together with full particulars, were prominently displayed in order to afford interested persons the opportunity for comparison. The average age of the lambs when treated was 11 weeks, and tho average dressed weight of tho carcases in each group was as follows: —Dorset Horn x '’Merinn 311 b. 6oz; Dorset Horn x comeback, 361 b soz; Dorset Horn x crossbred, 371 b; Ryeland x Merino, 321 b. loz; Ryeland x comeback, 337 b. soz ■ Ryeland x crossbred, 351 b 3oz; Southaown x Merino, 231 b loz; Southdown x comeback, 311 b 6oz; Southdown x crossbred, 351 b 3oz. The mating of each breed of ram with crossbred ewes produced the greatest weight of meat in every instance. All the carcases were exceptionally good, and created a favourable impression on butchers and others. The Dorset Horn crosses were the best so far as average quality was concerned, and excepting when rams of this breed were mated with Merino ewes tho carcases wero the heaviest. MOULTING SHEEP. RUSSIAN’S CLAIM. Tho artificial moulting of sheep and rabbits four times a year, by which tho wool or hair peels off in a compact mass and leaves tho body smooth and shiny as a bald man’s pate, is claimed to havo been discovered by Professor Ilyin, says the Riga correspondent of Tho Times. This will produce, according to tho Soviet Commissar of Industry, a revolution in the Russian wool industry. Ho declares that Soviet scientists havo achieved a groat victory over tho British and Japanese, who abandoned tho field of chemicalising wool-bearing animals. Professor Ilyin gives a shcop a small doso of “heavy metal salts,” which acts on tho sympathetic nerve system. After a few days tho fieeco can bo removed. It will grow again moro rapidly than after shearing. Tho professor also claims to bo ablo to make sheep moult in two stagos. Firstly, the finer fleeces; then tho coarser. Thus, the roughest sheep would yield somo fino wool. . . . ... A similar system is applicable to rabbits and dogs. Professor Ilyin has already gained fame with experiments for changing the colour of rabbits’ coats by mineral salts. Ho is now specially authorised to organise moulting on a largo scalo in the chief sheep-rearing districts and rabbit-farms.

FARMING NEWS. RURAL RAICINGS. In tho To Akau district, near Ngaruawahia, there are largo numbers of “blackface” lambs. Tho majority are in fine condition and are thriving well. Their appearanco is six weeks or moro ahead of the usual time. Tho recently-formed Cambridge Juvenile Calf Club is now under way and promises to bo a successful institution. It is being conducted on tho linos laid down by tho Agriculture Department and already there is tho prospect of 150 members. From tho number of Hawke’s Bay farmers who havo recently been making enquiries in respect to preparation for tho sowing of lucerne, it is apparent that, next season, tho total area under alfalfa in Hawke’s Bay is to be further considerably augmented (says tho Napier Telegraph). PRODUCE PRICES. LONDON, Juno 23. Wheat cargoes arc steady, and parcels 3d harder. Futures, London, June, 225. 5d per'quarter; September, 22s 5d ; December, 22s 8d; Liverpool, July 4s Bjd per cental, October 4s 103 d, December 5s Old. Spot trado is slow. Australian, cx ship, 255. Flour is slightly easier, Australian, cx store, being 193 3d to 19s 6d. Oats are steadily held. Peas and beans aro quiet, but unchanged.

FEILDING STOCK SALE. DECLINE IN FAT SHEEP. Although quality was not lacking, prices for fat 6heop declined in sympathy with the export schedule at yesterday’s sale at Feilding. In all sections thcro was a good clearance, but tho rango of prices showed little profit to the vendor. Thcro wero a considerable number of lines passed in in tho store sheep pens, where tho yarding comprised chiefly good lines of brooding ewes. In many instances tho reserve was not roochod and tho highest price realised under tho hammor was 13s 5d for a line of 6-th to 5-yr ewes. Store and fat cattlo prices were at a low level, but in the dairy section good springing cows met with a brighter inquiry. Dotailed quotations are as follow :

Fat Sheep.—Ewes, 4s, 4s 2d, ss, 5s 9d, 6s 6d, 7s 2d, Bs, 8s 4d, to 8s 9d; wethers, 10s, 10s 6d, 11s, 11s lOd, 12s, 12s 4d; lambs, Bs, 8s 6d, 9s Id, 10s 2d, 10s 7d, 11s, 12s, 13s 7d to 14s.

Store Sheep.—4-yr owes, r.w. Romney rams, 8s lid; 4-th do., 13s; 6-th do., 12s; 4-yr owes r.w. S.D. rams, 9s 4d; 6-th to 5-yr do., 13s sd; 4 and 5-yr do., 7s 6d to 8s; 4-ith to 6-yr do., 12s 6d; 2-th do., 11s 2d; 3, 4 and 5-yr do., 11s; m.a. do., 2s to 7s 7d; wethers, 8s sd; w.f. lambs, 4s Id; b.f. lambs, 6s 3d; wethers lambs. 4s 4d to 6s 6d. Fat Cattlo.—Cows, 20s, 31s, £2, £2 7s, £2 12s, £3 2s to £4 17s; heifers, 20s; bullocks, £5 4s.

Dairy Stock.—Heifer r.w.b., £3 10s, £4 2s to £7; heifers, calved, £2 17s 6d to £6 15s; oows in milk, 20s, 30s, £2 2s 6d to £5 17s 6d; July-August calvers, 18s 6d, 27s 6d, 30s, £2, £2 ss, £2 15s, £3 to £4 10s; spg. cows, £3 2s 6d, £5 ss, £5 10s to £7 10s; podigreo Jersey heifers r.w.b., 7gns, Bgns, Bign.s; do. cows, 4gns to 83gns. Store Cattlo.—Shorthorn steers 10s to 27s 6d; P.A. do., 16s; 2j-yr P.A. do., 295; P. A .Weaners, 7s; P.A. weaner heifers, 11s 6d; mixed weaner heifers, 7s 6d to 15s; cows, 6s, 7s 6d, 10s to 15s; heifers, r.w.b., 20s; m.s. weaners, 7s; empty heifers, 15s. AUCTIONEERS’ REPORT. Associated Live Stock Auctioneers, Ltd., report on their Feilding sale held on Friday, as under: Wo had a good yarding of fat sheep and breeding ewes, with only a small yarding of store lambs and wethers. Tho competition for fat ewes and wethers was not so keen ns last week. Fat lambs: Very few were yarded in this section and tho quality was just fair; consequently the market was inclined to drag. We had a good 6alo for ewes r.w. S.D. rams and also for ewes r.w. Romney rams, the demand for 6amo being purely local. A special entry of 4-th, 6-th and 4-yr owes r.w. Romney lams on account of Mr H. P. Clare, Waituna, sold under keen competition. The 4-th ewes on this account realised 13s, 6-th ewes 12s, and tho 4-year ewes on tho same account realised 8s lid. Another line of 6-th to 5-yrs ewea r.w. S.D. rams on account of Mr L. E. B. Wallace sold exceptionally well, realising 13s sd. Other good ewes r.w. S.D. rams sold well. Store lambs, of which there wero very few yarded, wero dull of sale. Fat cattle sold on a par with last week’s values, but the cattle yarded wore not of very high quality. Store cattle were yarded in small numbers and we have to report prices unchanged. Dairy stock: Good springing cows and heifers close to profit sold readily but late clavers did not seem to bo wanted. Prices wore as undor: Fat ewc6, 4s, ss, 5s 9d, 7s 4d, Bs, 8a 2d, 8s 4d; fat wethers, 10s, 10s 6d, 11s, 11s lOd, to 12s 4d; fat lambs, Bs, 8s 7d, 9s Id, 10s 7d, 12a, 10s lOd, 13s 7d, 14s; owes r.w.b., 4-yr owes r.w. Romney rams, 8s lid; 6-th ewes r.w. Romney rams, 12s; 4-th ewes r.w. R. ram, 13s; 6-th to 5-yr owes r.w. S.D. rams, to 13s sd; 4-th to 6-yr ewes r.w. S.D. rams, 12s 6d; other ewes r.w. S.D. rams, from 7s, 7s 2d, 7s 6d to 7s 7d; 2-th ewes r.w. S.D. rams, 11s 2d; wethers and lambs, 2-th wethers, just fair sheep, realised 8s 5d wether lambs, 4s 4d, 6s 3d to 6s 6d; store and fattening ewea, 3s 6d. Dairy cows: — Springing, £5, £5 ss. £5 10s, £5 17s 6d to £7 10s; springing heifers, £3 10s, £3 12s 6d. £4 2s, £6 5s to £7; pedigree springing Jersey heifers, 7gns, Bgns to BJgns. Pedigree Jersey cows. 4gns. 6gns to 83gns. Fat cattle, £2 4s, £2 10s, £2 12s, £2 15s to £3 2s. Fat bullocks, £5 4s.

FEILDING MART. Yesterday’s prices at tho Feilding mart were as under: —Hens Is 7d to 2s Bd, pullets 4s to 4s 9d, cockerels 2s 6d to 4s 9d, duck 3 2s 5d to 2s lid, turkey hens 5s 6d. Pigs: Wcaners 3s to 7s, slips 3s 6:1 to 10s, stores 7s 9d to 103 6d, porkers 10s 6d to 14s 6d.

WAIICATO MARKET. Conditions generally in tho stock market havo been quiet during tho week (says a Waikato report). A good number of clearing sales aro boing held, at which tho inquiry for good young dairy ooivs still holds good. However, dairy heifers have not yet shown tho popularity that was anticipated, and only odd lots aro changing hands. No doubt the bad weather experienced during tho last few weeks has shown its effects, and a number of heifers that aro being offered lack bloom. Another thing, purchasers appear to prefer to wait until they are close to profit befcrc buying. Beef has shown a very slight improvement, but hardly enough to mako any alteration in tho quotations. Store cattle aro still dull of sale. Tho market for fat sheep appears to bo ovor supplied, and with the withdrawal of tho export business tho prospects for this class of stock do not look bright. A further allround drop in export values is again announced this week, and this will not help to brighten tho over supplied market. The yardings in the pig section aro getting smaller, with prices remaining steady.

DAIRY PRODUCE. Dalgety and Co. Ltd., aro in receipt of tho following cablegram from their London office under date of tho 23rd instant:—Butter: Market quiet. Danish, 98s to 100 s (98s to 100 s); New Zealand finest salted, 96s to 97s (95s to 975); Australian finest unsalted 96s to 98s (94s to 965) ; Australian finest salted, 95s to 97s (94s to 965) ; Australian g.a.q., 90s to 94s (90s to 925). Cheese: Market quiet. Now Zealand white, 56s to 57s (575) ; New Zealand coloured, 56s to 57s (575); spot price for Canadian white, 68s to 74s (66s to 745); spot price for Canadian coloured, 68s to 72s (66s to 70s); C.I.F. price for Canadian, 54s to 56s (553 to 565). (Last week’s quotations shown in parentheses). CANTERBURY MARKETS. Per Press Association. CHRISTCHURCH, June 24. The potato market has eased during the week about 10s a ton. The cause apparently is that the shipments have been too heavy this month for the North Island to absorb. The Waipiata is due to sail to-night with a chargo of 8000 socks from all ports. The Waimorino is due to load next Wednesday, and she is certain to take a fair consignment. A factor in the market this season, which has been absent for some years, is the supply from Otago and Southland. Quotations to-day are £6 a ton f.0.b., s.i., for prompt; £6 7s 6d to £6 10s for July; £6 15s for July-Septcmber; and £7 for August-Septembor, Julys show a drop in the week of 10s to 17s fid a ton; tho later months less. Prices to farmers are £5 5s a ton for prompts, and £5 7s 6d for July. Fowl wheat remains steady at 4s 9d f.o.b. There is no change in the oat market, business being negligible. Chaff is also in very poor demand. It is quoted at £3 12s 6d to £3 15s on trucks, or £5 f.0.b., s.i.

BRADFORD MARKET. LONDON, June 23. Tho finer qualities of tops are a firm market, but medium to coarse crossbreds are barely steady. To-day’s quotations compare as follow with those previously cabled: June 2 June 9 June 16 June 23

WELLINGTON STOCK EXCHANGE,

YESTERDAY’S BUSINESS AND PRICES. Business was brisk on a firm market yesterday and there was a fairly wellspread demand. Thirteen sales were recorded, including two made on ’change and six mado late on Thursday. The demand for Government securities and local body and other debentures was still keen. Government stocks were quoted at firm rates, but sellers wero scarce. Tho 5? per cent, stocks and bonds, 1936 and 1937 maturities, were ail wanted at par, but the only seller’s offer was tho 1936 stock at 12s 6d premium. Tho 4i per cent, stocks and bonds were firmed at £93 and £93 10s. Debentures generally wore firm, the only seller of city municipal stock asking £IOO 5s for Wellington 5$ per cent., 1934. There were sellers of rural local body debentures, but buyers did not come in. Banks wero in active demand. New Zealands were distinctly firm with sales at 41s 6d and 41s 9d. Moro were wanted at up to 42s 6d without response. National of New Zealand also firmed, with four sales at 61s to 625. There were closing bids of 61s 6d, but sellers held for 635. Australasias wero wanted at £9 Is, sellers easing 2s on Thursday’s offer to £9 ss. Commercial of Australia were firm at 13s lid, a sale being reported at 14s. In the other sections, tho demand was not so keen, but few sellers wero quoting. Auckland Gas sold on ’change at 21s, and Wellington Gas were sought at 275, with no response. British Tobacco were 6d better at 27s 6d cum dividend, but sellers did not reply. Burns, Philp were on offer at 40s 6d. Two sales of Colonial Sugar wero mado lato) on Thursday at £4l 10s, and the demand was unsatisfied yesterday at £1 less. YESTERDAY’S QUOTATIONS.

YESTERDAY'S SALES. Tho following sales were recorded on the stock exchanges of the Dominion yesterday : Wellington.—Sales reported: Inscr. Stock, 4£ p.c., 1948, £93 ss; ditto, 4£ p.c., 1938, £93 10s; Bank of New Zealand, £2 Is 6d* National Bank of N.Z., cum. div., £3 Is*, £3 la 6d*, £3 2s*, £3 2s; Commercial Bank of Aust., 14s; Colonial Sugar (2), £4l 10s*; Okarito Gold, 9s 3d. Sales on 'Change: Bank of New Zealand, £2 Is 9d; Auckland Gas, £1 Is. *Late sale Thursday. Auckland.—lnscr. Stock, 5£ p.c., 1927-41, £95; Inscr. Stock, 5£ p.c., Feb., 1937, £IOO 7s 6d; Commercial Bank of Aust., 14s; Bank of New Zealand, £2 2s 6d, (2). £2 3s; N.Z. Insurance, £1 18s; South British Insurance, £2 11s; Taranaki Oil, la 7d" Woolworh (N.Z.), pref., ss; Okarito, 9s sd; Waihi, 15s; Mount Lyell, 17s 2d. Christchurch.—Commercial Bank of Australia, 13s lid; Bank of New Zealand, £2 2s, £2 2s 9d, £2 3s; N.Z. Breweries, cum. div., £1 4s fed; British Tobacco, cum. div., £1 7s Bd, £1 7s 9d; Golden Dawn, 5s 9d; Mahakipawa, pref., 6d; Okarito, 9s sd, 9s 6d; Waitahu, par. Sales reported: Bank of New Zealand, £2 2s 3d, £2 2s 6d; National Bank of N.Z., cum. div., £3 3s. Dunedin. —Bank of New Zealand, £2 2s 9s; Waitahu, Id premium. Sales reported: Bank of New Zealand, £2 2s 8d; Waitahu, par.

METALS MARKET,

SYDNEY, June 24.

The official London (middle) quotations for Thursday as received by the Australian Mines and Metals Association, comprre as follow with those previously cabled:—

FOREIGN EXCHANGES. LONDON, Juno 25. The following rates on foreign exchanges were current to-day, as compared with nnr r

* Nominal,

GOLD AND SILVER

LONDON, June 23. Gold. —£5 14s 2d per fine ounce. Silver. —Cash and forward, 16Jd per oz.

Perib. Per lb. Per lb. Per lb. d. d. d. d. Seventies . .... 23 23 23 23 Sixty-fours ... 201 201 201 201 Sixties .... 20 20 20 20 Fifty-sixes ... 16 16 16 151 Fifties .... 10 10 10 10 Forty-sixes ... 9 9 9 81 Forties .... 81 81 81 81

Buying and selling quotations at vestcrday’s final call on the Wellington Stock Exchange were a3 follow: — Buvcrs. Sellers. N.Z. GOVT. LOANS— £ s. d. £ a. d. 4£ p.c. Bonds, 1939 and 1938 93 0 0 — 5£ p.c. ditto, Feb. and Sept., 1937 100 0 0 — 5* p.c. ditto and In6. Stic., 1933 98 7 6 — 5j p.c. ditto, 1937 96 10 0 — 4£ p.c. Ins. Stic., 1939 1930 93 0 0 — 52 p.c. ditto, 1956 100 0 0 100 12 6 5£ p.c. ditto, Feb. and Sept., 1937 100 0 0 — 5i p.c. ditto, 1941 95 0 0 — DEBENTURES— Well. Gas Co 99 0 0 — Bank of N.Z., 5 p.c., 1939 96 0 0 — Ancle. City, 5£ p.c., 1944 97 10 0 — Chch. and Dunedin City, 5£ p.c., 1944 97 0 0 — Well. City, 5£ p.c.. Mar., 1934 — 100 5 0 Well. Harb. Bd., 5£ p.c., 1940 98 0 0 — frit. Eden Boro., 51 p.c.. 1944 93 0 0 — Levin Boro., 6 p.c., 1936 — 100 0 0 Hnuraki Plains, 5£ p.c., 1943 — 96 0 0 Taumarunui Elec. Pur., 6 p.c., 1SM5 — 96 10 0 Waiuku Water, 5* p.c., 1965 — 96 0 0 Makerua Drn. Bd., 6 p.c., 1950 — 94 10 0 BANKS— Australasia 9 1 6 9 5 0 Commercial Aust., ord 0 13 11 — Eng., Scot, and Aust. 3 17 6 — National N.Z 5 1 6 *3 3 0 Nat. A’asia. (£5) 4 17 6 — New South Wales .... 25 0 0 — New Zealand 2 2 6 — Ditto, long term 1 5 3 — Union of Australia ... 6 15 0 — FINANCIAL— Goldebrough, Mort ... 0 19 9 *1 0 1 Abraham and Williams. pref — 3 5 0 N.Z. Guar. Corp., ord 0 4 1 — N.Z. Invest., Mtg. and Deposit — 0 8 6 Well. Invest., T. & A. — 0 8 0 Well. Dep. and Mort. — 0 8 6 GAS— Wellington, ord 1 7 0 — INSURANCE— National 0 11 4 — New Zealand 1 17 3 — South British 2 10 0 — MEAT PRESERVING— Gear 1 7 9 — N.Z. Refrigerat. (£1) — 0 11 3 Ditto (10 3 ) 0 3 11 — TRANSPORT— Huddart, Parker, ord. 1 1 6 — Union Steam, pref. ... 0 18 9 — Kelburn Tram, pref. . — 1 5 0 COAL— Westport 0 9 0 — TIMBER— Kauri 0 8 6 — Taringamutu — 0 4 9 Bartholomew — 0 7 6 BREWERIES— New Zealand — *1 4 9 Tooth and Go 1 5 0 — MISCELLANEOUS— British Tobacco, ord. *1 7 6 — Burns, Philp and Co. — 2 0 6 Colonial Sugar 40 10 0 — Electro. Zinc, ord. ... 0 10 0 — Ditto, pref 0 19 6 — Wilson’s Cement 1 6 0 — Woolworths’, pref. ... 1 4 0 — OIL— Taranaki 0 1 9 — MINING— Mount Lyell 0 16 11 — Okarito 0 9 2 — Blaqkwater 0 8 3 — Consol. Goldfields 0 3 3 0 3 6 *Cum. dividend.

Copper— June 22. Per ton. £ s. d. June 23. Per ton. £ s. d. Standard, forward 27 12 6 27 1 10i Standard. spot 27 6 10i 26 1610i •Electrolytic 31 10 0 31 0 0 to 32 10 0 32 0 0 Wire bars 32 10 0 32 0 0 Lead — Spot 9 13 9 9 11 3 Forward 9 18 9 9 16 3 Snelter— .. _ 11 10 0 11 8 9 Forward 11 15 0 11 13 9 Tin— — 114 17 6 Forward 116 7 6 117 2 6 Standard, per oz .. 1615-16d 16Jd Fine, per oz 18id 18 3-16d ■“American, not quoted.

par June 23. Par. Now York, dol. to £1 3.61J 4.866 Montreal, dol. to £1 4.14 4.866 Paris, frano to £1 . 91 15-16 124.21 Brussels, bel. to £1 . 26 31-32 124.21 Genova, francs to £1 . 18.55 25.225 Milan, lire to £1 71 92.46 Amsterdam, florins to £1 8.145 12.107 Berlin, marks to £1 . 15 7-32 20.43 Stockholm, knr. to £1 19.50 18.159 Copenhagen, knr. to £1 1811-32 18.159 Oslo, knr, to £1 .... 20 5-16 18.159 Vienna, schga. to £l 33 34.585 Prague, knr. to £l . 121.M V64rTl5 Helsingfors, marks to £1 215 J93.23 Madrid, pes. to £1 . 43 13-16 25.225 Lisbon, esc. to £1 .... 110 110 Athens, drach. to £1 . 557.50 375 Belgrade, din. to £l . 225 276.31 Bucharest, lei to £1 . 620 813.50 llio de J., p. to mil. *5 16.70 B. Aires, p. to peso * 47.62 M. Video, p. tu peso *30 51 Calcutta, p. to rup. 17 61-64 18 H.-Kong, p. to dol. 158 — Shanghai, p. to tael . 201-16 — Y’hama, p. to ven . 9.06 12.107