FARMING AND COMMERCIAL

Manawatu Standard, Volume LII, Issue 204, 29 July 1932, Page 5

FARMING AND COMMERCIAL

MEAT BOARD. ELECTORAL - COMMITTEE. In connection with the coming election of two producers’ representatives on tho New Zealand Meat Producers’ Board, the following delegates have been nominated and declared elected to ropresont. their districts on the electoral committee: Auckland: F. R. Seddon, Hamilton; 11. E. Worsp, Whangarei. Gisborne: J. C. Graham, Gisborne; \V. G. Sherratt, Gisborne. Hawke's Bay: E. Averill. Hastings; R. S. Chadwick, Dannevirko; J. H. Joll, Havelock North; A. V. S. Reed, Napier. West Coast: T. Currie,- Brunswick; J. Knight, Feilding; L. B. Wall, ICairanga. Wairanapa: W. F. McLaren, Master- 1 ton; M. McLeod, Martinborough. Marlborough-Nelson-Westland: H. J. Stace, Blenheim.. North and Mid-Canterbury.: W. R. Hammond, Winchmore; E. *tlay, Pigeon Bay; L. R. C. Maofarlane, Culverden. South Canterbury: G. A. M. Macdonald, Orari; J. Trotter, Fairlio. In the case of the Otago and Southland districts the number of nominations exceeds tho number of delegates required.

A postal ballot is therefore being conducted, and tho necessary ballot paper is being dispatched to each sheepiarmer owning not less than 100 sheep in the districts 1 concerned. The following .nominations 3 have boon received by tho returning ofli-

j cer: I Otago.—L. Kelcher, Mahomo; J. D. r Crookston; D. J. Ross, Hillgravc; E. T. Shand, Kokonga; D. Williams, Oamaru. Threo delegates required. Southland. —A. S. Holms, Waimahaka; W. I). McLeod, Mandcvillo; E. K. Sim, Pukemaori; 11. Smith, Wuikaka. Valley. Threo delegates required. DAIRY PRODUCE.

j LONDON MARKET REPORT. { Joseph Nathan and Co., Ltd., have received tho following market report from London, dated July 27: Now Zealand cheose, white, 55s to sbs per cwt.; coloured, 545. .Market very quiet. The New Zealand Loan and Mercantile Agency Coy., Ltd., have received the following advice from their London house:— Dairy produce (last week’s figures in parenthenses) : Butter, N.Z. choicest salted, 106 s por cwt. (10Ss-107s). Cheese: 555-56 s por cwt. (57s 6d-595). Market slow. • MILK FOR CHEESE MAKING. NEW METHOD OF PAYMENT. Per Pross Association.

NEW PLYMOUTH, July 28. A new system of payment for milk for cheese making is to bo tried by the Rnhotu Dairy Company for a year. It is described as not a method of payment for fat plus casein, but payment lor butterfat on its cheese-producing capacity which is determined by tho ratio of casein to fat in the milk. Mr P. O. Vealo, scientist to the Hawera dairy laboratory, in conjunction with which the payment will bo arrived at, said that at present pnyment was made to suppliers for fat, but it was not tho fat that the company sold. The farmer who supplied the quality of milk which would mako a greater quantity of cheese was entitled to a greater return.

FARMING NEWS. RURAL~RAKINGS. A loss of £lO6l 11s 2d is indicated by the Dannevirko A. and P. Association on its working during the past year. Professor Riddot, Massey Collego, and Dr E. Marsden, Department of Scientific and Industrial Research, visited tho Hawera laboratory this week. They discussed the coming season’s activities with Mr P. O. Vealo.

At the annual meeting of suppliers of tho Matakana Co-operative Dairy Company, Ltd., tho prohibition of tho export of second-class and whey butter from New Zealand was sought in a resolution passed unanimously. It was stated that 569 tons of second-grade butter were exported from New Zealand last season, 556 tons being sold in Groat Britain. In addition, 1124 tons of whey butter were oxported and sold in Great Britain. It was felt that the practice had reacted to the detriment of New Zealand’s good namo, and it was accordingly decided to ask the Government to introduce legislation prohibiting the export of both classes of butter. An announcement that wool flock was proving a very satisfactory material for insulating electric hot water heaters was made at this week’s meeting of the Franklin Power Board. The engineer stated that, in tests he had carried out, water that was boiling when the current was switched off became cooler at the rate of 3£ to 4 degrees an hour in a heater insulated with pumice. Where wool flock was used tho loss of heat was reduced to 2 and 3 degrees an hour. Wool flock comprises short ends and pieces of wool that are rejected for spinning. Tho other day a dairy expert in New South Wales said that tho quality of New South Wales butter had so improved that it now held a leading position in Australia and was a serious rival to New Zealand butter (states a Sydney correspondent). The time was last approaching, he said, when the Dominion would no longer bo able to claim any superiority. It is important for Now Zealand to remember that the figures for tho oxport of butter from Australia disclose a phenomenal increase in trade with Great Britain. The Commonwealth during 1931 increased its butter exports to tho United Kingdom 64 por cent.

WOOL REALISATIONS. COMPARISON FOR FOUR YEARS. According to tho annual report of the New Zealand Meat Producers’ Board, the average price per bale of wool sold in New Zealand at tho 1931-32 sales was £7 10s 9d, as compared with £2l 8s 9d four years ago. The following are the official results of wool sales held in New Zealand during the 1931-32 (November-April) roster (with comparison for 1928-29) : 1 qxi .xp IQOR-PQ Offered (bales) 573,558 589,402 Sold 466,474 553,815 Total proceeds £3,516,361 £11,877,305 Average price per lb. 5.27 d 14.99 d Average price per bale £7 10/9 £2l 8/9 In respect of the wool sold in the Dominion, the following are the average prices worked out over tho Dominion in respect of tho roster sales for tho last eight seasons:

RECORD LAMB KILLINGS. During the 9j months of tho 1931-32 season to July 15, tho killing of lamb for export established a new high record at 8,763,840 carcases, an increaso of over ono million on those for tho corresponding period of last season. The North Island accounted tor 762,602 carcases of tho increase, and the Soutli Island 295,536. Killings of sheep, at 2,878,576 carcases, showed on incroaso of 754,668 carcases, of which the North Island accounted for 537,214, and tho South Island 217,454 caroasds. Killings of pigs increased by i 12,225 carcases, mostly in tho North Island. The Mont Board’s figures of total killings for the 91 months compare as follow :

Exports of .frozen meat from the Dominion for the 9j months' period compare as follow: Beef. Mutton. Lamb. Pork. Qrs. C/cs. Cja. C/cs. 1930- ... 97,796 1,957,330 6,598,801 103,277 1931- ... 137,649 2,270,229 7,436,578 197,720

Incroaso 39,853 312,899 837,777 4,443 In addition, 164,277 bags of boneless beef were shipped, mainly to Glasgow, ns against 91,565 bngs for the 1930-31 period.

FROZEN MEAT QUOTATION'S. M. A. Eliott, Ltd., of Palmerston North, have received cable advieo from Gordon, Woodroffo and Co., Ltd., London, of the following Smithfield prices for tho past week ending 28th July, 1932, these being on tho “delivered” basis, that is, including storage charges, cartage, eto. — Best North Island prime lambs, under 36ib. sid; 36/42, s&d; 42/50, sd. Ordinary North Island lambs, under 421 b, sd; second quality, under 421 b, 4 7-Bd. Best North Island wethers and/or maiden owes, 48/56 and 56/64, 3*d; 64/72 and over 721 b, 2 7-Bd. Ordinary Nortn Island wethers and/or maiden owes, 48/56 and 56/64, 3 3-8 d; 64/ 72 and over 72, 23-4 d. North Island ewes, under 641 b, 2id; 64/72 and over 72, 2gd. New Zealand prime ox beet (equal fores and hinds) 160/2201b, —. Remarks: Prime lambs, 3-8 d lower; second quality, £cl lower; wethers, no change; ewes, par to lower. Lamb: There appears to bo no bottom to the market; stocks largo. Large arrivals are coming to hand. Do not look for any improvement for somo time. Consumption is fair. Mutton and ewes: Prices have given way slightly.

OVERSEAS SHIPMENTS TO BRITAIN. Tho New Zealand Meat Producers’ Board is advised by cahlo from its London office that tho shipments from Australia and South America to tho United Kingdom during tho first half of July wero as follow : Australia: 4667 carcases mutton; 38,643 carcases lamb; 54,779 quarters beef. South America: 66,025 carcases mutton: 113,325 carcases lamb; 60 quarters beef (frozen) I 157,968 quarters beef (chilled). Included in tho South American figures are 54,478 carcases of lamb and 54,135 carcases of mutton shipped from Patagonia. Tho shipments from New Zealand to tho United Kingdom for the same period wero as follow: 143,053 carcases mutton;

444,193 carcases lamb; 22,642 quarters beef.

The shipments from South America to tho Continent of Europo during tho samo period wero as follow; Mutton, nil; frozen beef, 158 tons.

WELLINGTON MARKETS. WELLINGTON, July 29. There was a good demand this week for fancy grade Stunner and Delicious, Ballarat and Washington apples, and also for lemons, prices obtainable for theso being quite fair. All “black spot” and second grade fruit, however, is hard to quit at low prices. There was a bettor inquiry yesterday for dessert pears, and prices rose slightly. Eggs have risen 2d per dozen this week, but are still selling well, and a further slight rise is not improbable. All potatoes are firmer, while real good lines of onions are scarce and selling for good money. Prices as mentioned were obtained for the

following lines yesterday morning: Apples: 4s to 6s; Deliclious, 4s to 5s 6d; Jonathans, 4s to ss; Dohertys, 3s 9d to 4s 6d; Ballarats and Washingtons, 4s 6d to ss; Romo Beautys, 4s to 5s per bushel. Pears: Winter Coles, 6s 6d to 8s; Nelis, 5s to 6s; P. Barrys, 5s to 5s 6d por bushel. Local

lemons, 10s to 14s per bushel. Potatoes: Red Dakotas, £8; Buttons, £8 to £8 ss; North Island whites, £7 5s per ton. Canterbury onions, 14s 6d per cental bag. Nelson new potatoes, 23-4 d to 3d per lb; swedes, 2s case; pumpkins, grey 5s to 5s 6c!, rod 5s per sack. New-laid eggs, Is 5d per dozen; separator butter, 7id to 8d por lb; comb honey, 7s 6d to 8s per dozen; New Zealand walnuts 4d per lb. The following prices for grain and other produce are net on rail Wellington: Barley: Hulled, 5s a bushel; clipped Egnlish feed barley, 4s a bushel. Wheat: K.W.F. wheat, 5s lOd to 6s a bushel. Wlieat.meal, 2001 b sacks, £-ton lots or over, £lO 5s per ton. Fowl food mixed, 5s 9d a bushel of 501 b.

Flour: F.o.b. South Island ports, 2001 b sacks, £l3 12s a ton; 100’s hags, £l4 12s; 50’s bags, £l4 17s; 25's bags, £ls 7s; ex store, Wellington, 2001 b socks, £l6 2s 6d; 100’s, £l7 2s 6d; 50’s £l7 7s 6d; 20's, £l7 17s 6d.

Pollard: Half-ton lots or over, £7 per ton.

Bran : Half-ton lots or over, £4 17s 6d per ton. Chaff: Prime Blenheim, £7 5s per ton. Linßeod : Whole, 14s por cwt. Meal, 170’s bags, 15s per 1001 b. Nuts, 13s per 1001 b.

Maize: Whole, 6s 6od a bushel; South African crashed, 5s 3d a bushel, Oats: Machine-dressed and clipped Algerians, 4s 3d a bushel; Cartons, 3s lid to 4s 3d a bushel; shelled, 5s 3d to 5s 6d a bushel. Peas: Partridge, 7s 6d a bushel.

CHRISTCHURCH MARKET PRICES.

CHRISTCHURCH, July 27. Thero has been a revival in the potato market. Values had receded to £5 5s a ton f.0.b., s.i., but to-day £5 10s is available, with a tendency toward a further recovery. The big accumulation of supplies in Auckland, which is now easing, nad a depressing effect on values. August delivery is quoted at £6 5s and* August-Septeinber at £6 7s 6d. To-day’s quotations to tarmers are up to £5 a ton. The Wingatui, Port Waikato and Woipiata are booked to load potatoes within tno next week. The Vv'aipiata will bo picking up potatoes at southern ports and will be at Lyttelton early in the month. To-day’s advice irom Auckland is that the position thero is bettor, with more buying power. The following are quotations for produce to be paid to farmers, on trucks, free of commission, sacks oxtra, except where otherwise stated: — Wheat —Wheat Marketing Board’s price, Tuscan, 4s 9£d f.0.b.; Hunters, 4s llid; Pearl, 5s l£tl. Powl W’iieat—Prompt, 4s B£d to 4s 9d. Oats—A Cartons, Os for prompt; B’s, 2s 9d; Algerian, 3s. Potatoes.—£4 15s to £5. Partridgo l’cas—To 5s 7d. Barley, 3s; Cocksfoot, Akara, 6d, Plains 4d to sd; Perennial Ryegrass, 4s to 4s 3d; Italian Ryegrass, is 9d to 4s; White Clover, Is 6d to Is 8d 1 Cowgrass, lOd. Bran —£3 10s a ton shipping and £4 10s a ton local. Pollard.—£s a ton shipping, £6 10s local. Flour —£13 12s, with the usual increments for small packings. AUSTRALIAN MARKETS. SYDNEY, July 28. Wheat: Ex trucks. Sydney, 3s 2d; at country stations, 2s 7£d per bushel. Flour, £lO a ton. Bran and pollard, £5 10s. Potatoes: Tasmanian, £6 103; Victorian, £5 10s a ton. Onions: Victorian, £24; Japanese, £23 a ton. Oaten hay, i £7 10s a ton. Maize, yellow, 5s 3d; | white, 4s lOd per bushel. ADELAIDE. July 28.

Wheat: Growers’ lots, 2s 10£d per bushel. Flour, £7 10s a ten. Bran, £4 17s Gd n lon. Pollard, £5 10s a ton. Oats to Is 9d a bushel.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. With a somewhat shorter list of buyers’ quotations, thore was nothing outstanding m the stock and share market yesterday. l<or Government securities there was “a tail* inquiry at late market rates, sellers snowing little disposition to easo their Fvr IC i?* S ‘ I-*ocal body debentures were quiet, )n!ri ln^on ai 'L>our Board, 5£ per cent., | 1940, at £99 10s, being tho only bid. Banks . wore quiet, with but little demand. New Zca lands wore firm at 46s 6d and tho longterm mortgago sharos at 26s 3d. Now South Wales wero wanted at £26, but sellers asked £1 more. K.S. and A. Bank wero offered nt 84s. South British Insurance firmed sharply yesterday, morning bids, o2s 6d, moving up to 54s 6d at the final rail without response. Gear Meat, which sold at 31s on Wednesday, wero sought at yesterday's mornIVr®n* Ca 31s sellers asking 32s 6d. V\ cllington Meat Export, preference, wore again wanted at 12s 6d, with no declared sollors. New Zealand Breweries wore bid for at 24s 6d, sellers asking 9d better. Bri- , J°kacco eased 3d to 27s 9d. Colonial Sugar, in request at the morning call £4l 12s 6d, cased 2s 6d at the close. Wilson's Cement were offered at 30s 6d, and Smith, preference, at 14s. Waihis were 4d up at 15s 4d, sellers asking 15s Bd. Iwo sales of Mount Lvell, made lato on Wrcdnesday, were reported at 17s l£d and 17s Ogd.

YESTERDAY’S QUOTATIONS. Buying and selling quotations nt yesany e final call on tho Wellington Stock Exchange were as follow:

SALES IN WELLINGTON. The following sales were recorded on the Wellington Stock Exchange yesterday : Sales reported: Mount Lyell, 17s ljd*; 17s *Late sale Wednesday. WELLINGTON RABBITSKIN SALE. A GOOD DEMAND.

The third rabbit-skin sale of the current season was held at Wellington yesterday by the New Zealand Loan and Mercantile Agency Co., Ltd., and Dalgety and Co., Ltd. A fair offering of all grades was submitted to the usual bench of buyers. Since the last sale, whioh was held on June 30, conditions generally oversea show _ a slight improvement, and this was noticeable at the sale, when there was a good demand for all grades and descriptions, low grades appreciating £d to Id per lb and winters being fully firm at lato rates. Super winters sold up to 37d per lb: first winter does to 27£d; early winters, 17£d; first winters to 13d; winter spotted to 12d; first winter, black, to 40d; and winter fawns, to 40£d. Only good winters, well stretched and properly fatted, bring anything like prices payable to trappers. Skins such as springs, summers, milky and runners are selling at very low rates and hardly pay forwarding and selling charges. The following is the range of prices: Summers, to Id; milky, Id to 2£d; autumns, 4£d to 7d; dawny autumns, 2Jd; early autumns, 4£d to 53d; late autumns, 6£d to 9)d; racks, lgd; early winters, 12£d to 17£d; super winter bucks, 37d; first winter bucks, 32£d; first winter does, 25d to 27Jd; incoming, 12d to 13d; winter spotted, 12d; first winter black, 40d; incoming wintor black, 14d; winter fawns, 40|d; broken B.S. and F.S.,_ £d to 3£d; hare skins, Id to 3d; weevily skins, no value.

Averngo price Season. per pound. per bale. d. £ 6. d. 1924-25 20.20 29 15 6 1925-26 11.93 17 1 8 1926-27 12.66 18 3 1 1927-28 16.89 24 5 0 1928-29 14.99 ' 21 8 9 1929-30 8.59 12 2 2 1930-31 5.66 7 19 8 1931-32 5.27 7 10 9

Beef (quarters) 1931-32. 170,753 1930-31. 140,720 Wether mutton (c/cs) ... 1,436,077 1,342,282 Ewe mutton (o/cs) 1,442,499 781.626 Lamb (c/cs) 8,763,840 7,705,702 Pork (porkors, c/cs) ... 125,521 109,451 l’ork (baconers, c/cs) . Boneless beef (frt. o/cs) 21,011 23,713 320.608 240,689 Sundries (frt. c/cs) 170,752 189,765

Sellers N.Z. GOVT. LOANS- £ s. d 5? p.c. Bonds, Feb., !937 101 o 0 5? P-c- ditto, Sep, 1937 101 0 0 101 10 0 t>i p.c. ditto, 1935 97 10 0 100 10 0 44 p.c. Ins. Stic., 1939 and 1938 — 96 10 0 54 p.c. ditto, 1936 — 101 10 0 p.c. ditto, Feb. and Sop., 1937 101 0 0 54 p.c. ditto, 1941 96 0 0 54 p.c. ditto, 1935 97 10 0 DEBENTURESWell. Hnib. Bd., 54 p.c., 1940 99 10 0 Waitomo Elcc. P.B., 6 p.c., 1945 — 100 0 0 Han raid Plains, 53 p.c., 1959 97 0 0 Eastbourno Boro., 6g p.c., 1952 — 97 0 0 BANKSEng., Scot, and Aust. — 4 4 0 Now South Wales ... 26 0 0 27 0 0 New Zealand 26 6 Ditto, long term 16 3 FINANCIALGoldsbrough, Mort ... 1 1 6 _ N.Z. Guar. Corp., ord 0 4 6 — Well. Invest., T. & A. +0 6 9 GAS— Auckland, contr *0 14 8 Wellington, ord *18 6 — INSURANCE— New Zealand *1 19 10 — National 0 12 0 South Britisli 2 14 6 MEAT PRESERVING— Well. Meat Ex., pref. 0 12 6 — TRANSPORT— Union Steam, prof. ... 0 19 6 70AL— Westport — :• is c 3REWEKIES— New Zealand _ 14 6 1 5 3 British Tobacco, ord. 17 9 Burns, Philp and Co., South Seas 15 6 — Colonial Sugar 41 10 0 — Dental and Medical ... 0 4 3 — Dunlop Rubber 0 11 3 — Electro. Zinc, ord. ... 0 11 3 — Ditto, pref 1 0 0 — Howard Smith, ord. .080 — Wilson’s Cement — 1 10 6 National Electric — 0 10 0 Smith and Smith, pref. —• 0 14 0 Waihi 0 15 4 0 15 8 Golden Dawn 0 4 1 — Okarito 0 8 9 0 9 0 Blackwater +0 11 3 — Consol. Goldfields +0 4 3 — Gillespie’s Beach 0 0 04 discount *Cum. dividend. +Ex. dividend.