FARMING AND COMMERCIAL

Manawatu Standard, Volume LII, Issue 268, 12 October 1932, Page 5

FARMING AND COMMERCIAL

YESTERDAY’S QUOTATIONS.

SCOURING IN CALVES. VARIOUS TYPES DEFINED. In the course of hie notes on feeding contributed to tho Juno issue of the British Journal of Agriculture, Mr \V. A. Stewart, principal of the -Moulton Farm Institute, Northampton, remarks that many calf-rear-;iere have become somewhat discouraged by -the _ occurrence of scour, and by tho loss arising from this disease. It should bo re- ' cognised, he eays, that thore are two kinds of scour—one, nutritional diarrohoea; the other, jontagious white scour; the latter being caused by a specific organism that may entrf: the body shortly after birth. Nutritional scour can be prevented by taking proper precautions in feeding. The contagious form constitutes a veterinary problem, and in dealing with it veterinary practitioners have secured good results by means of an injection of serum given shortly after birth, followed by a second injection later if the disease appears. Nutritional diarrhoea results from irritation of the stomach, primarily caused by injudicious feeding. Calves that do not receive the colostrum in their mother’s milk for the first three or four days after birth are generally more liable to. nutritional scour than thoso that do. The. feeding of the calf three times daily as distinct from twioe daily in the early stages, and the dilution of the milk at the rate of three parts of milk to 1 one part of boiled water, will help to prevent the disease —particularly where calves liavo been weakened by

standing about in a cold market or through having ■ undergone a long railway journey. It is important, however, that the diluted milk Bhould bo fed always at the same suitable temperature, namely, .that ,of within a few degrees of the temperature of newly-drawn milk. The cure of tho disorder consists in dosing tho calf with castor oil, giving nothing but boiled warm water for the next twentyfour hours, and then, if necessary, a drench to act both a 3 a sedative and astringent. A drench recommended to the writer by the late Professor Cave, of Wye College, has given excellent results. The prescription is one teaspoonful of laudanum, one dessertspoonful of brandy, and half pint starch and warm water, the staroh and water being made of about the consistency of milk., After this drench, ordinary feeding with wholo milk, or, in specially troublesome cases, with diulted milk, tnreo times daily, generally results in the disappearance of the scour. AUSTRALIAN BUTTER. 'RECORD SHIPMENTS TO ENGLAND.

The rapid development of oversoas trade in Australian butter is shown in the seventh annual report of the Australian Dairy Produce Control Board for the year ended June 30, 1932, which was tabled in the Federal House of Representatives by the former Minister of Commerce (Mr Hawker). During the year 91,086 tons of butter were exported from Australia, which exceeded all previous records, and represented an increaso of 17,135 tons over the exports of 1930-31. The exports of . cheese were 3378 tons, whioh are slightly less than the exports for the previous year. Of the exports of butter 83,973 tons were shipped to the United Kingdom, and 7113 tons to other destinations.

Great Britain also provided a market for approximately- 90 per cent, of the surplus cheese produced in the Commonwealth. Tho board states that tho reputation of the butter shipped from the Commonwealth last year attained a high standard. Notwithstanding the large increase in the shipments, there had been an absence of complaints about quality. This "resulted in inducing retailers in the Midlands and North of England to stock Australian butter. This was a stop forward in areas in which Danish butter had previously dominated the market. This achievement was due in no small measure to the Government’s advertising campaign, conducted by the Director of Australian Trade Publicity (Mr A. E. Hyland). As a result of the Ottawa Conference, states the board, Australia will obtain preference of butter, cheese, eggs in shell, condensed milk and dried milk. These preferences should assist in securing a still larger share of the British market for Empire dairy produce. Satisfactory arrangements had been made by the board in regard to freight rates and insurance on butter and cheese shipped to the United Kingdom. A. large volume of exports had also enabled a substantial reduction to bo made in the levies on butter and cheese.

DAIRY PRODUCE QUOTATIONS. Joseph Nathan and Co., Ltd., have received tho following market report from London, dated October 8: —New Zealand butter: Finest, 112 s per cwt; first, 106 s. Market very slow. New Zealand cheese: White, 66s per cwt; coloured, 60s. Market steady. FROZEN MEAT. The N.Z. Farmers’ Co-op., Distributing Co., Ltd., have just received the following cable from their London office: Lamb, home killed, competition still strong. Until these supplies diminish, it is anticipated present weakness will continue. FARMING NEWS. RURAL RAKINGS. Lambing has proceeded in the Otautau district under very 1 favourable conditions and good percentages are recorded over 140 per cent, in some flocks. Generally speaking, farmers in Southr land are well ahead with their seasonable work and indications are that thero will be more oat crops sown than was tho case last year and there will also be an increased area of potatoes sown. “Do try and induce New Zealand farmers in suitable localities to grow all the Hawke’s Bay ryegrass and all the Akaroa cocksfoot they can for seed purposes, because we can absorb as much as they can grow in the next five years, and thero will also be a demand from the Continent as well.” This request was mado to Lord Bledisloe, when he set out for New Zealand, by Professor Stapleton, whom His Excellency considers tho greatest authority in tho Empire upon, the science of herbage production. The possibility of rabbit “farming” starting as a result of the policy of tho Patoa-Waitot-ara Rabbit Board in paying one' shilling a head for full-grown rabbits only has been answered by the board, which maintains that the danger would be far more probable if the bounty were paid on young rabbits as well as full-grown ones. -If tho bounty were paid on young rabbits it is considered that there is a possibility of some unscrupulous farmers preserving the old animals and breeding from them to obtain the bounty.

AUCKLAND MARKETS. AUCKLAND) Oct. 11. The shipment of Australian wheat imported by the Government, which arrived on Saturday, comprised about 6600 sacks, and opened up in particularly good condition. The cargo mot a ready sale, and a large proportion was disposed of by merchants direct from the ship’s side. The balance lias boon taken into store, and is being quoted at about 63 2d per bushel, less the usual discounts. A further shipment is expected about .the end of this month. Meanwhile, Dominion wheat occupies a very small place on the local market. Good whole fowl wheat (graded) is so firmly held in tho south that it could not bo sold locally under from 6s 9d to 7s per bushol. Under-grado lines are for the most part below commercial quality, and leading merchants are chary about handling them. The maize market is very steady. The bulk of the local supplies still comes * from the Bay of Plenty, and although Gisborne quotations have eased to about 4s f.0.b., not many orders are being filled from that qU Tho oats market is dull, with values unchanged. B Gartons are quoted at 4s 3d per bushel through store, and chaff at £8 10s per ton. Thero has been no alteration in tho price of pollard or bran. Although this week’s shipment of potatoes from the south was on the light side, prices have not been affected as there was a fairly substantial carry-over from the previous week. The balance of tho last shipment of Canadian onions is being firmly hold and readily commands 25s per bag and 27s per crate. A fresh shipment is expected about tho end of the month. e P. AND O. DEFERRED SHARES.

LONDON. Oct. 10. P and O. deferred shares sold to-day at 19s 9§d.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. Little change in . values was registered yesterday in- the Wellington stock and share market, which had a steady tone. Nino salos, of which seven were mado late on Monday, • were reported. Investors’ bids were fairly well spread and there were freer quotations from sellers. Buyers' bids covered a wide rango of Government loans, but again there was an entiro absence of selling pricos. A deal in ,54 per cent, stock, 1937, was reported at £96 ss. Banks were mostly stoady, New Zealand? again being dono at 455. Australasias advanced Is 6d to £9 16s 6d, sellers moving up to £lO Is. Union of Australia wore Is better at £7 16s, sellers quoting £B. Dalgotys were 6d off at £8 12s and Goldsbrough, Morts declined 3d to" -245. N.Z. Loan and Mcrcantilos were wanted at £4B, as against a sale at Auckland on Monday at £57 10s. N.Z. Guarantee Corporations were again bid for at 5s Id cum dividend, sollers staying at 6s. In tho insurance section A.P.A.’s firmed 3d to 4s 9d without drawing sollers. New Zealands wore 3d easier at 42s 6d. South British wore dono late on Monday at 57s and more wore wanted yesterday at 56s 6d. A revival of interest in breweries was apparent. Four sales of Tooths late on Monday were reported at 31s 9d down to 31s 6d and more were wanted yesterday at the former price. Carltons were sought at 31s 6d. New Zealands wero steady at 28s 3d, sellers 295, as wore Staples at 265, sellers 275. British Tobaccos firmed another 3d to 31s 6d, sollers advancing, to 335. Colonial Sugars wero stoady at £47 15s ( sellers £4B 15s. Other industrials and mining shares were mostly firm at unchanged pricos.

YESTERDAY’S SALES. The following sales wero reported oil tho stock exchanges of tho Dominion yesterday i* - Wellington.—Sales reported: Inscr. Stock, 54 p.c., 1937, £96 ss; Bank of New Zealand, £2 6s; Christchurch Gas. *£l 5s 3d: South British Insurance, *£2 17s; Waihi, *173 3d; Tooth’s. Brewery, *£l lls 9d,-*£l Us Bd, *£l lls 7jd, *£l Us 6d. *Late sale Monday. , ~ Auckland. —Govt. Bonds, 4£ p. 0., 1941, £94 10s; Bank of Australasia, £10; National Bank of New Zealand, £3 19s;. Bank of Now Zealand, (2) £2 5s 9d; New Zealand Insurance £2 3s; South British Insurance, £2 17s; Goldsbrough, Mort, £1 4s 6d; Now Zealand Breweries, £1 8s 6d; Alexander, 13s 6d pair, 17s 3d; Consolidated Goldfields, 7s Bd, 7s 9d; Okarito, 8s 7d % Christchurch.—Sales on ’change: N.Z. Breweries, bonds, £1 0s 6d; Goldsbrough, Mort, £1 4s sd, £1 4s 3d, (2) £1 4s 2d; N.Z. Refrigerating, 10s paid, (4) 3s ,7d; Tooth’s Brewery, £1 12s 9d; British Tobacco, £1 lls 9d; . Electrolytic Zinc, ord., 163 6d; do., pref., cum. div., £1 6s 6d; Alexander Mines, contr., cum. div., 17s 2d: Golden Dawn, 4s lid; Golden Point, 6d. Sales reported: Bank of New Zealand, £2 6s; Goldsbrough, Mort, £1 4s 6d; Tooth’s Brewery; (2) £1 12s 7£d. Dunedin.—Sales reported: Bank of Now Zealand, £2 6s; N.Z. Drug Co., £2 19s 6d.

SYDNEY STOCK EXCHANGE. BRISK TRADING YESTERDAY. SYDNEY, Oct. 11. There was brisk trading on the Stock Exchange to-day, the firm tone of recent weeks being maintained, but there was a slight weakness in Goldsbroughs. Sales: — Bank of New South Wales, £3l 7s 6d; Commercial Bank of Sydney, £l7 7s 6d; Bank of Australasia, £ll 10s; National Bank of Australasia, £ll 10s; National Bank, £5 paid, £6 12s; Burns, Philp,, 49e 6d; Adelaide Steam, 21s ljd; Fairymead Sugar, 26s 6d; Millaquin Sugar, 28s 6d; Australian Gas A, £6 16s 6d; British Tobacco, 36s 9d; Tooths, 37s 3d; Tooheys, 23s

3d; Dunlop Perdriau, 16s 10 jd; Goldsbrough, Mort, 26s 9d; Wiloox, Mofflin, 7s 2d; Winohcombe, Careon, 24s 10jd; Eleotriolytio Zinc, 18s 6d; Taranaki Oil, 2s 8d; Carlton Brewery, 35s 6d; Broken Hill Ppy., 23s 6d; North Broken Hill, £3 15s; South Broken Hill, 51s. Commonwealth bonds, 4 per cent., 1938, £lOl 15e; 1941, £lOl 17s 6d; 1944, £lO2 ss; 1947, £101; 1950, £IOO 18s 9d; 1955, £lOl 15s;" 1959, £lO2 10s. MELBOURNE, Oct. 11. Soles: Bank of Australasia, £ll 12s; Goldsbroughs, 275; Tooths, 38s; Dunlop Perdriau, 16s 9d; ditto, pref., 326 9d; Herald-Times, 57s 3d; Myers, 295; South Broken Hill, 50s 3d; North Broken Hill, 755- 6 d; Mt. "Lyell, 23s 9d; Zinc Corporation, 30s 6d. RATES OF EXCHANGE.

•Nominal.

PRICES OF METALS.

SYDNEY, Oct. 11. The official London (middle) quotations for Monday ns received by the Australian Minos and Metals Association, compare

WOOL SALES IN SYDNEY. SPIRITED COMPETITION. ® SYDNEY, Oct. 11. At the wool sales to-day 12,373 bales were offered, of which 10,817 bales were sold at auction, 1589 being disposed of privately. The market was unchanged. Values wore firm under spirited Japanese and Continental competition. Greasy Merino mado up to 14jd. PRODUCTION OF WHEAT. i WASHINGTON, Oct. 10.” The report of the United States Department of Commerce indicated that the production of the majority of crops was above the September estimates while spring wheat will be 1 per cent. less. The total wheat is anticipated at 711,707.000 bushels compared with 894,000,000 harvested in 1931. The estimated wheat production in 35 Northern Hemispehere countries, excluding Russia and China will be 3,145,555,000 bushels compared with 3,103,809,000 in 1931. WHEAT CARGOES. LONDON, Oct. 10. Wheat: Cargoes to-day wero quiet, sellers adhering to late rates. Paroels wore, in quiet demand, prices boing unchanged. Futures: London, December 23s 3d per quarter, February 22s lid, April 23s Id; Liverpool, October 5s 3jjd per cental, December 5s 4d, March 5s 3£d.

Buying and selling quotations at yesterday s final call on the Wellington Stock Exchange were as follow Buyers. Sellers. N.Z: GOVT. LOANS— £ s. d. £ 8. d. 4£ p.c. Bonds, 1941 ... 94 15 0 — 4£ p.c. Bonds, 1939 ... 95 0 0 — 4£ p.c. ditto, 1938 95 0 0 — 54 p.c. ditto, 1936 99 7 6 — 54 p.c. Bonds, Feb.. 1937 99 7 6 — 5£ p.c. Bonds, Sept., 1937 99 7 6 — 5£ p.c. ditto, 1937 96 5 0 ■— 4£ p.c. Stock, 1939 ... 95 0 0 — 4£ p.c. ditto, 1938 95 2 6 — 54 p.c. ditto, 1936 99 7 6 — 54 p.c. Stock, Eeb, 1937 99 7 6 . — 54 p.c. Stock, Sept., 1937 99 7 6 — 54 p.o. ditto, 1937 96 0 0 .. — DEBENTURES— Well. City, 5£ p.c.; 1937 99 0 0 Ditto, 54 p.c., 1944 ... — 99 0 0 Auckland City, 54 p.c., 1944 97 0 0 — Well. Harb. Bd., 54 ' p.c., 1940 Well. Racing Club ... 99 15 0 — — 92 0 0 BANKS— Australasia 9 16 6 10 1 0 Comm, of Aust., ord. — 0 14 8 E.S. and A — 4 17 6 National of N.Z —; 4 0 0 Nat. of A’asia., £5 .... — 5 19 0 New South Wales ... 27 17 6 28 10 0 New Zealand 2 5 6 2 6 2 Ditto, long term 19 3 — Union 7 16 0 8 0 0 FINANCIAL — Dalgety 8 12 0 — Equitable Building .... — 5 0 0 Goldsbrough, Mort ... 1 4 0 — N.Z. Guar. Corp., ord. 0 5 1 0 6 0 Loan and Mercantile . 48 0 0 — Well. Trust, Loan ... 4 17 6 — GAS— Wellington, ord r 1 11 0 Ditto, prof 0 17 3 — INSURANCE— Auet. Prov. Assoc. ... 0 4 9 — National — 0 14 8 New Zealand 2 2 6 — South British 2 16 6 — MEAT PRESERVING— Gear — 1 15 3 TRANSPORTHuddart, Parker, ord. ' 1 10 0 Union Steam, pref. ... 1 0 .6 — WOOLLEN— Wellington, ord ’ — 5 9 0 COALWestport 0 13 0 TIMBER— Kauri o 0 13 9 National — 0 7 0 Taringamutu ' 0 5 0 BREWERIES— Carlton 1 11 6 — 0 N.Z, Breweries 18 3 1 9 Staples 16 0 1 7 0 Tooth and Co 1 11 9 — MISCELLANEOUS— British Tobacco, ord. . 1 U 6 1 13 0 Burns, Philp 2 3 0 2 5 6 Colonial Sugar 47 15 0 48 15 0 Electro. Zinc, ord 0 16 0 — Ditto, pref *16 0 — Henry Jones Co-op. ... 19 9 1 10 9 N.Z. Drug Farmers’ Fertiliser ... 2 19 6 3 1 9 0 16 3 0 17 3 Wilson’s Cement — 1 13 3 Newton King, pref. ... 0 4 0 0 9 0 OIL— Moturoa, ord 0 3 9 — MINING- ... Consol. Goldfields — 0 8 0 Golden Point — 0 0 9 King Solomon — 0 2 0 Mount Lyell 110 1 1: 6 Waihi Grand Junction — 0 3 4 Bic River, Is paid ... Oil 0 1 6 *C.um: dividend.

LONDON, Oct. . 10. Tho following rates on foreign exchanges were current to-day, as compared with par: — Oct. 10. Par. New York, dol. to £1 ... 3.458 4.866 Montreal, dol. to £1 .. 3.791 4.866 Paris, francs to £1 .. .... 8715-16 124.21 Brussels, 'bel. to £1 .. .... 24.85 35.00 Geneva, francs to £1 .. .... 17.86 25.225 Amsterdam, florins to £1 8.58 12.107 Milan, lire to £1 .... 67 7-16 92.46 Berlin, marks to £1 .. .... 1417-32 20.43 Stockholm,- knr. to £1 ... '19.475 ' 18.159 Copenhagen, knr. to £1 19.275 18.159 Oslo, knr. to £1 19.85 18.159 Vienna, schf{s. to £1 .. *29.50 34.585 Prague, knr. to £1 .. 116.375 164.25 Hel fors, marks to £1 ... 232.50 193.23 Madrid, pes. to £1 .. 42.125 25.225 Lisbon, esc. to £l 110 110 Athens, draoh. to £1 .. 580 375 Belgrado, din. to £1 .. 237.50 276.31 Bucharest, lei to £1 .. .... 580 813.60 Warsaw, zloty, to £1 . Rio de J., p. to mil. 43.38 ... *5 7-32 16.70 IJ. Aires, p. to peso . 47.62 M. Video, p. to peso . *30 51 Calcutta, p. to rup. .. 18 5-32 18 Shanghai, p. to tael . — H.-Kong, p. to dol. . — Y’hama, p. to yen .. .... 16 7-16 24.582 Batavia, gl. to £1 8.62 12.107

mb follow with those previously cabled : — Oct. 6. Oct. 10. For ton. Fur tun. Copper— £ s. d. € v. d . Standard, spot ... 32 14 4A 31 15 % Standard, forward 32 16 10i 31 18 9 ‘Electrolytic 37 0 0 36 0 0 to 37 15 0 37 0 0 Wire bars 37 10 0 37 0 0 Lead— Spot 12 8 9 11 17 6 Forward 12 13 9 12 2 6 Spelter— Spot 14 17 6 14 10 0 Forward 15 2 6 14 16 3 TinSpot 149 3 9 148 2 6 tForward 150 12 6 149 8 9 Silver— Standard, per oz .. 17 ll-16d 17Jd Fine, per oz 19 l-16d 19Ad ‘American, 6.25 cents a lb. f American, 23.55 cents a lb.