FARMING AND COMMERCIAL

Manawatu Standard, Volume LII, Issue 230, 29 August 1932, Page 5

FARMING AND COMMERCIAL

DAIRY PRODUCE. BUTTER QUIET; CHEESE STEADY. According to advice received by the New Zealand Dairy Produoe Board from, its London office, dated August 26, the butter market is quiet, the retail price for New Zealand being la Id per lb. and for Danish Is 2d. The cheese market ia steady, the retail price for New Zealand being Bd. The Empire Marketing Board’s estimate of stocks of all butters in store on August 20, 1932, was 859,936 boxes (last year 981,538). Prices for butter are as follow, the price for the provious week being given first in parentheses and for the corresponding week last year second in parentheses : New Zealand salted 107s-1103 (108s-110s; 110s-114s); unsaletd 106s-110s (105s-110s; 112s-116s); 107s-110s equals approx, llid f.o.b. First whey 98s; second whey 965. Deliveries of New Zealand are 1275 tons (1200 tons last year); in store, New Zealand, 2850 tons (5700). Australian salted 98s-102s (100s-103s); unsalted 104s-108s (103s--108s). Deliveries of Australian, 1600 tons (600 tons last year); in store, Australian, 1775 tons (1825). Argentine unsalted, 86s--92s (86s-88b). Danish, 98s f.0.b., 112s-114s spot (925; 110s-112s). Dutch unsalted, 104s114s, Estonian salted and unsalted, 88s90s (86s-90s). Latvian salted and unsalted, 88s-90s (88s-90s). Siberian salted and unsalted, 85s (85s-87s). Lithunian salted and unsalted, 86s-88s (86s-88 s). CHEESE. New Zealand white 625-635, equals 6d f.0.b., (61s 6d-625; 61s-635); coloured 575-58 s, 58s, s|d f.0.b., (565-58 s; 635-645). Deliveries of New Zealand are 16,655 crates (17,292); in store 50,239 crates (101,096); Australian, white 61s (60s); coloured, 55s (565); South African, white, 61s; ooloured, 50s-545. Canadian, white and coloured, 61s-63s (60s--625); c.i.f., 63s (625). Deliveries of Canadian, 12,500 boxes (8800), in store, 149,515 boxes (184,466). English finest Farmers’ 965-100 s (965-100 s). The board has also received the following advice from its agents in Canada: Butter, New York 19i cents; Montreal, 20 3-4 cents. FROZEN MEAT. PRODUCERS’ BOARD REPORT. The New Zealand Meat Producers’ Board has received the following cable from its London office, dated August 26, 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 of the goods offering during the week, being for business done on tho basis of delivered to Southfield market and/or ex London stores: —(Prioes for tho two previous weeks are also shown). New Zealand sheep, Canterbury and North Island selected crossbred wether3 and maiden ewes, 48/56, (3id, 3jd); 57/ 64, 3id (3gd, 3gd); 65/72, 27-8 d (2 7-8 d 27-8 d); North Island do., 48/56, 3 3-8 d (3 3-8 d 3 3-8 d); 57/64, 3d (3d, 3d); 65/72, 27-8 d(2 7-Bd, 27-8 d); 48/under, 2*d (2J,d, 2id); 48/64, 2id (2id. 2£d); 65/72, 2d (2d, 2d); New Zealand lambs, Canterbury, 36/ under, 5/,d (sd, sd); 37/42, 5d (sd, sd); 43/50, 4 5-8 d (4 3-4 d, 4 7-8 d); second quality, average 33, 4 5-3 d(4 3-4 d, 4 3-4 d); other South Island brands, 36/under, 5d (sd, sd); 37/42, 5d (sd, 4 7-8 d); 43/50, 4j,d (4 3-4 d, 4 3-4 d); selected North Island brands including Downs, 36/under sgd (sgd, s|d); 37/42, 5d (sd, sd); 43/50, 4 5-8 d (4 3-4 d, 4 7-8 d), second quality, average 31, 4 5-8 d (4 3-4 d. 4 3-4 d); other North Island brands, first quality, 36/under, 4 3-4 d(4 3-4 d, 4 7-8 d); 37/42, 4 3-4 d(4 3-4 d, 4 7-8 d); 37/42, 4 3-4 d, (4 3-4 d, 4 3-4 d); second quality, average 31, 4£d (4 5-Bd, 4 5-8 d). Australian lambs: Victorian, first quality, 36/under, 4d (4id, 4 3-8 d); 37/42, 4d (4id, 4 3-8 d); Argentine lamb, first quality, 36/undcr, 4 3-8 d (4 3-Bd, 4J!d); 37/42, 4d '(4Ad, 41d); New Zealand beef, ox fores, 2jd (2id, 2/d); ox hinds, 3id (3 5-Bd, 3 5-8 d); cow fores, not quoted; oow hinds, not quoted; Argentine chilled beof, ox fores, 25-8 d(2 3-Bd, 2^d); ox lrinds, 5 3-8 d (6d, 6 3-4 d); Australian frozen beef, ox crops, over 100, 23-8 d(2 3-Bd, 23-8 d); ox hinds, over 160, 3£d (3 5-Bd, 3 5-8 d); New Zealand prime porker pigs, 60/100, Sd (sd, sd); 101/120, 4 3-4 d (4J,d, 4jd); New Zealand baconer pigs, 121/180, 5d (sd, sd); New Zealand frozen veal, not quoted. Lambs: 2’s and B’s generally remain unchanged; 4’s and seconds slightly easier; good Canterbury lightweight a shade firmer; demand generally improving owing to cooler weather. Mutton market: Wethers and ewes steady and unchanged. Frozen beef: Market quiet and unchanged. New Zealand porker pigs: Trade slow. New Zealand baconer pigs: Nominal.

Levin and Co., Ltd., have received the following cable from their London agents, dated August 26, 1932. Frozen meat quotations (prices on a “delivered” basis, i.e., including storage charges, cartage, market tolls, etc.):—North Island Down lambs, 28-36!bs, 5 5-8 d per lb; 36-42, s^d; best North Island crossbred lambs, 28-36, sd; 36-42, sd; North Island second quality lambs, average, 30-31, 4 5-8 d; best North Island wether sheep, under 481 b, 4d; 48-56, 3id; 56/64, 3d; 64/72, 27-8 d; North Island ewes, under 481 b, 2id; 48/56, 2id; 56/64, 2£d; 64/72, 2d; New Zealand prime ox beef, 160-220, 2 7-Bd. Compared with last week’s quotations, best crossbred lamb, 36/421bs, |d per lb higher; second quality lambs, gd per lb lower; best wethers under 481bs, gd per lb lower; 48/561bs, per lb higher; ewes under 481bs, per lb higher; prime ox beef, gd per lb lower; others unchanged. The market is steady, especially for prime lamb 2’s and B’s.

SHIPMENTS FROM NEW ZEALAND. The Now Zealand Meat Producers’ Board reports the following shipments of frozen meat from Now Zealand: —

106,262 2,184,376 7.251,593 116,901

Boneless Beef (bags).—London 2002, Liverpool 2684, Glasgow 86,196, Honolulu 683; total, 91,565.

81-MONTHLY SHIPMENTS OF MEAT TO UNITED KINGDOM, ETC.

The New Zealand Meat Producers’ Board is advised by cable from its London office that the (shipments from Australia and South America to the United Kingdom during the first half of August, were as follow: —Australia: Carcases mutton, 5988;

carcases lamb, 62,253; quarters beef, 13,406. South America: Carcases mutton, 21,441; caj-casee lamb, 51,320; quarters beef (frozen) nil; (chilled), 204,028. The shipments from New Zealand to tho United Kingdom for tho same period were as follow: Carcases mutton, 201,559; carcases lamb, 477,081; quarters beef, 22,355. The shipments from South America to tho Continent of Europe during the same period were as follow: Mutton, nil; frozen beef, nil.

KILLINGS FOR SEASON. Killings for export at all works during 1931-32 season commencing October 1, 1931, to August 15, 1932 (tho figures for the- corresponding period of the 1930-31 season are also shown) : North Island.

STOCKS ON HAND. Stocks on hand in stores in Now Zealand August 15, 1932 (the stocks on hand for the same period last year aro also shown) :

SCIENCE CONGRESS.

One of tho papers read at the meeting in Sydney of the veterinary section of the Australian and New Zealand Association for the Advancement of Science, tho session of which constituted a joint meeting with the Australian Veterinary Association, was by Mr A. Leslie, of tho Canterbury Agricultural College, New Zealand. Mr Leslie dealt with tho “twin disease’’ of ewes, a world-wide and most important disease of high-producing ewes. Material relating to the conditions under which the diseaso developed in ewes at Canterbury were discussed, and field experimental data were presented in support of the hypothesis that the condition had its origin in the cumulative effects of undernutrition or malnutrition during the latter part of the gestation period of high producing individuals.

Under controlled conditions, said Mr Leslie, the disease appeared in a poorly fed group ■•of experimental animals, the wellnourished control individuals remaining free from the complaint.

It was concluded that the essentials in prevention appeared wrapped up in good breeding and husbandry, and data had been collected to show that improvement of tho quality and quantity of the diet of high producers, as lambing approached, was of far greater preventive value than exercise or reduced diet. Concurrent with a reduced incidence from this disease by improved nutrition, a greater percentage of live lambs was born.

The practical application of theso findings, added Mr Leslie, was reflected in a reduction in the number of cases from approximately soven to one per cent, on nine farms, involving nearly 4000 animals. Further, in Canterbury, whero the disease was prevalent in seasons of food scarcity, considerable success had been obtained in preventing the diseaso by improved winter feeding, avoidance of checking tho food ’supply, and regulating the diet to tho needs of high-producing stock. The subjeot matter of tho paper gave rise to considerable discussion, owing to the fact that some of the ideas were contrary to those held in other States. Mr A. L. Rose said that the disease, which had given rise to much trouble of recent years, was known to many farmers as “lamb sickness.” The condition often followed tho trucking of ewes on tho point of lambing. The age of the owe had not as yet been found to have any important bearing on the incidence of the disease. The symptoms were a general sickness and dazed bearing of the ewo, and an abstinence from food and water. Other points emphasised by various speakers were the occurrence of the disease in sheep on good feod, such as lucerne, in addition to tho sheep on poor feed or on a maintenance ration; the. value of enforced exercise in the prevention of the disease, and the variablo time of manifestation of the trouble.

A paper, written by Mr C. S. M. Hopkirk, dealing with the method evolved by the Department of Agriculture in New Zealand for controlling mammitis in dairy cows, was read by Dr. H. It. Seddon. f lhe success of a plan of control, which was claimed to be simple in application and efficient in practice, lay in the perfection of methods of diagnosis. The general idea of the New Zealand plan was the grouping of cows in a herd for milking purposes on the number of leucocytes (white _ cells) present in the cream. On this basis the hord was divided into three groups— (a) free from mammitis; (b) suspicious. or mild cases* (c) acute cases of mammitis. It was to the carefully protected inammitis-froo group that heifers in succeeding seasons were placed. Culling proceeded from the ncutely affected lot. Milking of the cows always proceeded from the clean group. Tho examination of the milk took place monthly. At present there were at least 100 herds being dealt with by tho laboratories in New Zealand. The relative importance of different germs in tho causation of the disease was discussed, together with the relative value of the various curative measures generally in use. Probably the biggest factor in the permanent establishment of organism, tho paper slated, was that milking occurred only twice a day Under natural conditions, tho calf kept the cow S^lt' was quite evident from the lengthy discussion which followed that very diverse opinions were held in regard to the efficacy of vaccination as a cure for the disease. The problem was threshed out from numerous angles, but no general decision was reached.

WELLINGTON STOCK EXCHANGE. LAST WEEK’S BUSINESS AND PRICES. Busincsa in tho stock and share market was fairly active last week, and the turnover, which was well maintained, was fairly well spread. Tho market closed on Saturday with a strong tone, values generally being firm. Investors continued to show interest in tho gilt-edged sections of tho market. In Government securities the 4 2 per cents, gained strength during tho week, sales being recorded at £95 up to’ £95 10s. • The 5£ per cents, also received attention, tho 1936 maturity being done at £99, and 1933’s at £99 5s to £99 7s 6d, the September, 1937’s at £lOl ss, and the February, 1937’s at £99 2s 6d. Local body debentures were fairly firm, the only recorded business being Auckland Power Board, 5£ per cents., 1945, at £97. There was an active demand for banks, but sellers showed no disposition to ease their offers. Bank of New Zealand had less turnover than in •recent weeks. Sales were made early in the week at 48s to 48s 3d, and toward tho close at 47s 3d to 475. Commercial of Australia, preference, were firm, sellers at £6 17s 3d up to £6 19s 6d, and the ordinaries were done at 14s to 14s 3d. National of New Zealand showed a distinct hardening in sales at 72s to 74s 6d. Union of Australia had sales at £7 2s up to £7 3s 6d, and there were unsatisfied buyers at the close at £7 3s. New South Wales were firm at £26 15s to £27. E.S. and A. Banks had a sale at £4 ss. Australasias were very firm, despite the announcement of the reduced interim dividend. No actual sales were recorded, but bids of £9 10s were answered by sellers at £9 17s. More interest was shown in the financial section. Dalgetys sold freely at £7 14s up to £7 15s, and Goldsbrough Morts had turnover at to 24s sd. N.Z. Guarantee Corporations firmed on sales from 5s 6£d to 5s lOd. Buyers were offering 5s 9d on Saturday, sellers holding for 6s 3d. Gas, insurance, meat and industrials were firm, tho last-mentioned being the most actively traded in. New Zealand Insurance sold at 41s 9d to 42&, mostly the latter figure. South British Insurance were very firm on sales at 58s; late buyers offered 575, but sellers were holding for 595. Gear Meats sold at 32s lOd to 335. New Zealand Breweries were actively traded in, with little variation in price, sales being made at 27s 3d down to 26s 9d, and closing at 275. Tooths had sales at 28s sd, 29s and 28s 3d. British Tobaccos were firm on sales at 6d and 29s 7d, and were in demand on Saturday at 29s 9d. Colonial Sugars eased slightly on the previous week, sales being made at £44 15s down to £44 ss, and £44 7s 6d. Wilson’s Cement hardened on sales at 30s to 31s. Australian Glass were done at 39s 9d, N.Z. Drugs at 57s 3d, Henry Jones C.-op. at 30s 6d, Union Oils at 22s 6d to 235, and Farmers’ Fertiliser at 13s 9d. The improved prices of metals put a better complexion dn shhros, which firmed appreciably. Electrolytic Zinc, preference, sold at 22s 9d up to 24s 4d, Mount Lyolls at up to 20s Id, and Broken Hill Proprietary at 17s. There was active trading in gold-mining shares, mostly at firmer rates. Waihis were dono at 16s up to 16s sd, and Blackwaters at 12s 9d to 13s 2d.

SATURDAY’S QUOTATIONS.

Buying and selling quotations at Saturday morning’s call on the Wellington Stock

Beef. Mutton Lamb. Pork. Qrs. Cs. Cs. Cs. London 15,877 175,611 425,083 4,789 S'thampton 380 14,724 39,242 201 Liverpool 2,580 10,832 9,504 1,906 Glasgow 3,518 392 — 437 Avonmouth — — — 503 Manchester — — 3,252 — Honolulu 80 — — — 22,435 201,559 477,081 7,836 Boneless Beef (hags).—London 2800, Liverpool 3790, Glasgow 11,832. Total, 18,422. SUMMARY. (Total Oct. 1, 1931, to Aug. 15. 1932.) London 109,514 2,179,877 6,296,003 86,977 Southampton 2,387 85,073 356,398 201 21,457 183,487 931,252 20,299 20,645 29,844 106,999 7,463 Avonmouth 9,615 61,479 330,940 11,196 Manchester — 8,328 145,239 — Cardiff 649 4,863 53,842 67 Montreal 723 202 — — New York 401 — 3 — Bermuda 40 — 100 — Balboa — 115 150 — Honolulu 121 — 9 — San hrancisco . 2 — Vancouver 933 — 771 — Other countries 1 92 1,2C5 8 166,486 2,553,360 8,222,914 126,211 Boneless Beet (bags).—London Liverpool 9725, Glasgow 180,023, mouth 192, Cardiff 208, Honolulu 543 11,902, Vancouver 12, other countries 416; total, 203,021. (Total for same period last year, viz., October 1 1930, to August 15, 1931.) 58,598 1,940,781 5,775,727 82,183 Southampton — 61,008 240,494 — 26,484 99,462 691,420 10,919 8,335 31,297 83,450 15,119 Avonmouth 4,780 43,843 295,570 7,787 Manchester — 924 78,943 — Cardiff 1,995 6,273 83,294 873 Montreal 264 150 523 — Halifax — — 300 — Vancouver — 450 256 — San Francisco 1 2 — Honolulu 5,303 10 609 — Genoa 500 — — — Cristobal — — 50 — Other countries 3 87 955 20

1931-32. 1930-31. Beef (qrs) . 177,996 145,122 Wether mutton (cs.) ... 1,309.600 1,181,457 Ewe mutton (cs.) . 902,051 491,679 Lamb mutton (cs.) .... Pork— . 4,199,317 3,439,570 Porkers (cs.) . 125,717 109,170 Baconers (cs.) . 20,289 23,323 Boneless beef (frt. cs.) . 295,843 225,159 Sundries (frt. cs.) .... . 150,875 190,727 South Island. 1931-32. 1930-31. Beef (qrs) 8 99 Wethor mutton (cs.) . . 127,447 170,317 Ewe mutton (cs.) . 537,267 278,067 Lamb mutton (cs.) ... Pork— 4,605,246 4,327,858 Porkers (cs.) . , 661 696 Baconers (cs.) 1,352 175 Boneless beef (frt. cs.) . 35,410 52,898 Sundries (ft. cs.) 62,583 45,492 Total for Dominion. 1931-32. 1930-31. Beef (qrs.) . 178,004 145,221 Wether mutton (cs.) . . 1,437,047 1,351,774 Ewe mutton (cs.) 1,439,318 769,746 Lamb mutton (cs.) .... Pork— . 8,804,563 1,767,428 Porkers (cs.) . 126,378 109,866 Baconers . 21,641 23,489 Boneless beef (frt. cs.) . 331,253 258,057 Sundries (frt. cs.) .... . 213,458 236,219

North Island. 1931-32. 1930-31. Boef (qrs.) 43,962 69,384 Wether mutton (cs.) ... 130,631 189,667 Ewe mutton (cs.) 133,580 80,100 Lamb mutton (cs.) Pork— 118,965 44,178 Porkers (cs.) „ 22,185 19,821 Baconors 3,795 1,620 Boneless beef (frt. cs.) . 69,468 116,232 Sundries (frt. cs.) 29,187 56,714 South Island. 1931-32. 1930-31. Beef (qrs.) 204 215 Wether mutton (cs.) ... 39,721 65,182 Ewe mutton (cs.) 191,005 145,799 Lamb mutton (cs.) Pork— 493,368 514,793 Porkers (cs.) — 40 Baconers 53 134 Boneless beef (frt. cs.) . 10.789 22,645 Sundries (frt. cs.) 17,081 21,119 Total for Dominion. 1931-32. 1930-31. Beef (qrs) 44,116 69,599 Wether mutton (cs.) ... 170,352 255,849 Ewo mutton (cs.) ..324,585 225,899 Lamb mutton (cs.) Pork — 612,333 558,971 Porkers (cs.) 22,185 19,361 Baconers (cs.) 3,848 1,754 Boneless beef (frt. cs.) . 80,257 138,877 Sundries (frt. os.) 46,268 77,833 Stocks of frozen moat loaded into vessels not departed from New Zealand As at As at Beef (qrs.) 15/8/32. 15/8/31 8,169 4,297 Wether mutton (cs.) ... 35,849 30,679 Ewe mutton (cs.) 39,922 23,179 Lamb mutton (cs.) Pork— ' 193,318 210,089 Porkers (cs.) 3.505 4,565 Baconers (cs.) 535 —

Exchange wore an follow — Buyers. Sellers. N.Z. GOVT. LOANS— £ 6. d. £ 6. d. 5i p.c. Bonds, Sep, 1937 .01 5 0 — 5£ p.c. Ins. Stk., 1936 — 99 5 0 Si p.c. ditto, Feb, 1937 — 99 5 0 5£ p.c. Ins. Stk., Sop, 1937 .01 2 6 101 7 6 5£ p.c. Ins. Stk., 1933 — 98 10 0 DEBENTURES— Well. Harb. Bd., 5i p.c., 1940 .00 0 0 — Chch. City, 5i p.c., 1940 93 0 0 — Waitomo Elcc. B.B., 6 p.c., 1945 — 99 0 0 Taumarunui Boro., 6 p.c., 1945 — 96 0 0 Hauraki Plains, 5| p.c. , 1943 — 95 10 0 BANKS— Australasia *9 10 0 9 17 0 Commercial Aust., ord 0 14 0 — Ditto (prof.) 6 17 0 — Comm. Banking Co., Sydney — 15 0 0 Eng., Scot, and Aust. 4 4 0 — National N.Z 3 14 0 — Nat. of A’asia. (315) 5 6 0 — New South Wales ... ‘26 12 6 27 5 0 New Zealand 2 6 0 2 7 0 Ditto, long term 1 8 6 — Union of Aust 7 3 0 — FINANCIAL — Dalgoty and Co 7 10 0 — Abraham and Williams (old.) — 3 0 0 Ditto (prof.) — 3 5 0 Goldsbrough, I\Iort ... 1 3 11 — N.Z. Guar. Corp., ord 0 5 9 0 6 6 N.Z. Loan and Merc., ord 39 0 0 — Well. Trust and Loan 4 15 0 — GASAuckland (oontr.) 0 14 9 — Christchurch 1 4 4 — Wellington (ord.) 1 9 6 1 10 9 Ditto (prof.) 0 17 0 — INSURANCE— National 0 13 5 — New Zealand 2 1 9 — South British 2 17 0 2 19 0 MEAT PRESERVING— Gear 1 12 1 — N.Z. Refrigerat. (10s) 0 4 4 — Well. Meat. Ex., pref. 0 13 0 TRANSPORTUnion Steam (pref.) . 0 19 11 1 0 5 WOOLLEN— jUosgiel 6 15 0 — Wellington, ord 4 10 0 — Ditto, pref 4 11 0 — Bit EWEK1E8 — New Zealand 1 10 1 7 1 Tooth and Co 1 8 0 1 9 0 Tooheys 0 18 0 0 19 1 MISCELLANEOUS— British Tobacco (ord.) 1 9 9 — Burns, Philp and Co. 2 0 3 2 1 6 Colonial Sugar 44 0 0 45 0 0 Dunlop Rubber 0 12 9 0 13 6 Electro. Zinc, ord. ... 0 14 6 — Ditto (pref.) 1 3 9 1 4 6 Howard Smith (ord.) 0 8 6 — N.Z. Drug 2 16 0 — N.Z. Farmers’ I'ertiliser — 0 14 4 N.Z. Paper Mills — 1 1 0 Wilson’s Cement 1 10 6 1 11 6 01 L— Taranaki 0 1 6 — MINING— King Solomon 0 1 11 0 2 1 Mount. Lyell 1 0 0 1 0 3 0 8 5 — Waihi 0 16 0 0 16 6 *Cmn. dividend.