FARMING AND COMMERCIAL

Manawatu Standard, Volume LII, Issue 270, 14 October 1932, Page 5

FARMING AND COMMERCIAL

DAIRY PRODUCE. MARKETS WEAKER. There has been a marked weakening in the London butter market this week. Last Friday’s closing prices for New Zealand were 106s-115s and in some cases 116 s. By Wednesday the prico~had declined by up to 6s a cwt for first-grade, and 3s to 4s for finest. It was also reported that sales of Australian for shipment during the first half of this month had been made at 92s a cwt., c.i.f. The cheese market in London is very quiet, but there has been very little or no change in prices since last Friday. Joseph Nathan and Co., Ltd., have received the following market report from London, dated October 12: New Zealand butter, nominal, finest 112 s per cwt.; firsts sold to-day down to 100 s per cwt. No business doing. , Cabled advice, dated October 12, has been received from W. Weddell and Co., Ltd., London, as follows: Danish butter, 112-114 s. New Zealand finest, 1033-1123. Kangaroo, 98s-101s. Market weak, declin-ing.-New Zealand white cheese, 655-665; coloured, 59-61 s. Market quiet. The New Zealand Loan and Mercantile Aency Coy., Ltd., have received the following advice from their London house, dated Ootober 12: Dairy produce (last week’s figures in parentheses): Butter, New Zealand ohoicest salted, 110 s (114 s) per cwt.; first grade, 102s-104s (108 s). Very slow. Cheese, white, 655-65 s 6d (665) per cwt.; coloured, 60s-61s (60s-61s) per cwt. Market quiet. Dalgety and Co., Ltd., have received the following from London, under date October 12: —Butter: Market weak. Danish, 116 s to 120 s (116 s to 120 s). New Zealand, finest salted, 102 s to 112 s (107 s to 115 s). Australian, finest unsalted, 104 s to 106 s (103 s to 108 s). Australian, finest salted, 98s to 102 s (102 s to 105 s). Australian g.a.q., 96s to 97s (98s to 102 s). Cheese: Market quiet. New Zealand, white. 65s to 66s (65s to 665); coloured, 60s to 61s (60s to fils). Spot price for Canadian white, 66s to 68s (66s to 68s); coloured, 663 to 68s (66s to 68s). (Last week’s quotations are shown in parentheses.) SHANNON DAIRY CO. Situated on spacious grounds laid out with beautiful ornamental shrubs and flower beds, the Shannon dairy factory is manufacturing 203 boxes of butter daily. This represents 11,3681bs of butter, as each box contains 561bs. The large quantity of cream utilised in the production of the butter is transported to the factory by four large lorries. Traversing a compact area, the lorries pick up large and sma.ll quantities of cream from dairy farmers in the distict mapped out, and the fact that the lorries do not go out of the prescribed district for supply is noteworthy. The fact that the opening months of the present dairying season have been particularly favourable is exemplified in the milk production which greatly exceeds that of last spring. As a result of the increased milk yield, the Shannon company is manufacturing 50 boxes of butter more daily than last October. The company is enjoying highest grading for produce manufactured. Payment for September supplies of butterfat has been decided upon at the rate of llid per lb. FARMING NEWS. RURAL RAKINGS. Experiments carried, out at Lincoln College are stated to have proved that treatment of the seed of mangels with sulphuric acid • hastens its germination. Rich growth of grass will react favourably on production in the Waikato as the result of the recent beneficial rains. Mr Dynes Fulton, chairman of the New Zealand Co-operative Dairy Company, Ltd., stated this week that the spring was the best experienced for years, and that the best quality of grass was rapidly coming away. * . Values generally were slightly easier at the fornightly sale of hides and sheepskins held in Auckland this week. There was an improved demand for tallow, prices for which were firmer. Hides declined in price*by about Id, and values of dry sheepskins were also slightly easier. The rates for yearlings wore fairly well maintained. An advance of 3d to 6d a cwt. was registered in the tallow market. 'The area of land vested in the Maori Lands Boards at March 31 last was 657,102 acres, and the amount of funds held by the boards at that date was £595,047, which was £33,949 less than last year. These statements are contained in the annual report on Native Land Courts, presented to Parliament this week. Native land purchased by the Crown during the year amounted to £5624 acres. Sinco 1910 1 539,818 acres of native land have been acquired through the Native Land Purchase Board. The estimated area of native land still owned by Maoris m the*North Island is 3,864,042 acres. _ * A yarding of 344 hoad of c&ttlo w&s offered by the New Zealand Farmers’ Cooperative Distributing Company, Ltd., at their, first annual spring cattle fair at Masterton this week. There was a very representative attendance, buyers being present from the Bush Lower Valley and Upper Hutt districts. As was to be expected store cattle came forward showing the effects of the hard winter. Any class of cattle in good condition and indicating a quick return were keenly competed for, while backward sorts met a slow sale, the fat cattle, which consisted of 120 cows and heifers, showed a slight easing in prices.

LAMBING PERCENTAGES. MASSEY COLLEGE FLOCKS. "Lambing has proceeded quite smoothly except tor the effects of the big storm which did so much damage in the Wairarapa. In view of the lack of sheltei on both the Terrace and the Paluatua. block quite a number of lambs dropped during the night of the storm and perished from exposure,” reported Professor Peren to the Massey College Council on Wednesday. “As a result of the dry conditions existing on this coast for fewer twin lambs have been born than is usual. Uur lambing percentages in common with those of everyone else have therefore suffered on this account. Stud Romney lambing percentages were 132.8 compared with 114./ last year; stud Southdowns 104.5 compared with 103.5; stud Ryeland 103.8 compared with 113.4; Romney crossbred 101 compared with 107.3; Southdown cross Romney 111.5 compared with 101.6; Lincoln Romney cross 113.4 compared with 101.9 and experimental 91.5 compared with 102.1. The average for the season was 107 Kr cent, compared with 106.3 per cent, it year.” FEILDING SALE. GOOD DEMAND FOR DAIRY CATTLE. On account of the Feilding Cattle Fair taking place to-day, the usual weekly daiy cattle sale was held yesterday, a fair yarding coming forward. For heifers the demand held strong, while spinging cows were also wanted, prices for good sorts showing .an appreciable advance. Detailed quotations are as follow: Springing cows. —£4, £5, £7 ss, £7 15s to £9 15s; cows in milk, £l 2s 6d to £4; dairy cows, £5, £7, £7 15s to £9 ss; springing heifers, £3 10s, £5, £5 15s, £6 ss, £6 15s, £7 ss, £7 15s, £8 15s to £9 ss; heifers in milk, £4, £6, £6 15s to £7 ss; empty heifers, £2 sa. Bulls.—Yearlings, £2 12s 6d, £3, £3 10s to £5; 2-year, £5 10s, £5 15s to £8 ss; 4-yr. pedigree Jerseys, 4Jgns. AUCTIONEERS’ REPORT. Associated Live Stock Auctioneers, Limited, report having held a special dairy sale in Feilding yesterday, Quite a good yarding came forward, consisting chiefly of heifers; there were also a fair number of bulls yarded. There was a good attendance and competition for dairy cows and heifers was keen and we have to report a total clearance at prices in advance of last week’s quotations. We quote: Springing heifers in line, 4 at £5; 3 at £8; 5 at £6; 5 at £9 2s 6d; singles, £5 10s, £5 15s, £6 10s, £7.55, £7 10s. £7 15s, £B, £8 10s, £8 15s, £9; heifers in milk, £4, £6, to £7 15s ; springing cows, £4, £5, £7, £7 ss. £7 15s, £8 15s to £5; cows in milk, £4. Bulls: 2-year bulls, £5, £5 10s, £5 15s, £7 15s to £8 ss; 4-year P.D. bulls, 4| guineas; yearling bulls, £2 12s 6d, £3, £3 10s to £4 10s. FROZEN MEAT. LONDON MARKET QUOTATIONS. M. A. Eliott, Ltd., have received cable advice from Messrs Gordon, Woodroffe and Co:. Ltd., London, of the following Smithfield prices for the past week ending 13th October, 1932. These prices are on the “delivered” basis, that is, including storage charges, cartage, etc.: —Best North Island prime lambs under 361 b, sid; 36/42, 4 7-8 d; 42/50, 4d; ordinary North Island lambs, under 42, 4 3-4 d; second quality, under 42, 4d; best North Island wethers and/or maiden ewes, 48/56 and 56/64, 3£d; 64/72 and over 72, 3d; ordinary North Island wethers and/or maiden ewes, 48/56 and 56/64 3 3-8 d; 64/72 and over 72, 2 7-8 d; North Island ewes, under 64/ 2|d; 64/72 and over 72, 1 7-Bd. Nqw Zealand prime ox beef (equal fores and hinds), 160/220, not quoted. Best light weight lambs, no change; heavy heights, id to id lower; second quality, 3-8 d lower. Wethers, id to id lower. Ewes, id lower. Mutton and ewe market easier with downward tendency. Best quality lamb market quiet but steady. Second quality lamb market weak and overstocked. Heavy supplies on spot. Holders appear anxious to get rid of stocks.

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 month of September were as follow:—Australia: Carcases mutton 31,250; carcases lamb, 505,700; quarters beef, 69,836. South America: Carcases mutton, 35,880; carcases lamb, 140,353; quarters beef (frozen), 1,132; quarter's beef (chilled), 415,313. The shipments from New Zealand to the United Kingdom for the same period were as follow:—Carcases mutton, 203,594; Carcases lamb, 364,218; quarters beef, 12,814. The shipments from South America to the Continent of Europe during the same period were as follow: —Mutton, 10 tons; frozen beef, 176 tons. RETAIL PRICES OF NEW ZEALAND MEAT IN LONDON. The New Zealand Meat Producers’ Board has been advised by its London manager that the following retail prices were being quoted for New Zealand lamb and mutton retailed in London during September, 1932. These prices _ represent a fair average of the prices quoted by the better class shops in London for the best quality N.Z. lamb and mutton: New Zealand lamb: Legs, lOd per lb; shoulders, 9d; loins, 8d; necks, 3d; breasts, 2d; forequarters, 7d; hindquarters, 9d. New Zealand mutton (wether) : Legs, 7d; shoulders, 6d; loins, 6d; necks, 3d; breasts, 2d. SYDNEY WOOL SALES. SYDNEY, Oct. 13. At the wool sales to-day 12,673 bales were offered, of which 11,618 were sold at auction, and 1033 were disposed of privately. Firmness still characterises the market. Competition was strong from Japan and the Continent, with moderate support from Yorkshire. Greasy Merino sold up to 18|d.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. Little change in values was reoorded in yesterday’s quotation lists on the Wellington Stock Exchange. There was a fairly active inquiry for the more popular classes of stocks and shares, mostly at steady rates. Sellers’ quotations were fairly numerous, but their prices did not disclose any pressure to quit. Only minor changes were noticeable in the quoted bids for Government securities. The 5£ per cent, inscribed stocks, 1936 and 1907, were 2s 6d easier at £99 ss, as were the 5£ per cents., 1937, at £96 2s fid. The 51 per cent, stocks, 1933, were reported sold at £9B 10s. Banks were fairly active, with little variation in prices. Union of Australia were reported sold at £7 18s, and National of New Zealand at £3 19s, more of the latter being offered at £4. Australasias eased 2s to £9 18s. New Zealand ordinaries were wanted at 45s Bd, sellers quoting 46s 3d. There were no quotable changes in gas, insurance, meat, shipping, woollen or timber shares. In breweries,, Carltons were 3d firmer at 31s 9d, no sellers. New Zealands were Id off at 28s 3d, sellers standing at 295. There were sellers of 'Tooth’s at 33s 6d. Miscellaneous industrials, oils and gold-mining shares were mostly firm at unchanged prices. British Tobaccos were 3d up at 31s 6d, sellers holding for 32s 9d. Dunlop, Perdriau were done late on Wednesday at 14s 9d, and more were available yesterday at 14s lOd. YESTERDAY’S QUOTATIONS. Buying and selling quotations at yesterday’s final call on the Wellington Stock Exchange were as follow: — Buyers. Sellers.

FRUIT AND VEGETABLES. WELLINGTON MARKET PRICES. WELLINGTON, Oct. 14. There has been a good demand in the Wellington markets this week for green peas and now potatoes. Fancy grade apples and pears are also having a good sale. Prices ruling at yesterday’s gales are quoted as follow: — , Apples.—Fanoy Delicious, 8s to fts; good, 6s 6d to. 7s 6d; fanoy Sturmers, 7s 6d to 8s 6d; good, 6s to 7s; Tasmans, 5s 6d to 6s 6d; largo Washingtons, 8s to 9s; medium, 6g to 7s od; Statesman, 6e to 75.. Pears.—Winter Coles, best sizes, 7s to 8s; others, 6s to 7s; Nelis. 5s to 6s 6d; Peter Barryg, 6s to 66 6d. Lemons: Market overstocked, 5s to 7s 6d per bushel case. Green peas—3d to 4*d a lb. New potatoes, Pukekohe, 3d to 3id a lb; Nelson, 2jd to 3id a lb. Bananas.—l9s per case. Produce.—Red Dakotas potatoes, £8 to £8 15s a ton; Sutton’s Supreme, £8 10s to £9 a ton; whites, £7 10s to £8 a ton. Canadian onions, 26s per 1001 b bag. New laid eggs —Is a dozen. Separator butter, le a lb. Dairy butter, 9d a lb. Walnuts, 4d a lb. SOUTHERN MARKETS. POTATO STOCKS DECREASING. CHRISTCHURCH. Oct. 12. The potato market is very quiet. There are a few inquiries, but not many potatoes are offering. Most of the potatoes going forward are out of store, and it is apparent that stocks in the country are getting down to small cpmpass. Values to-day for whites are £6 f.0.b., s.i., and for Dakotas £6 10s, the respective ontruck values being £5 and £5 6s to £5 7s 6d. There is some inquiry for northern outports. , . ~ New potatoes are still too. dear in the northern city to encourage much consumption, and old potatoes are likely to bo required two or three weeks later than usual A good-deal of seed has gone to the North Island this year, which would seem to indicate a heavier acreage in cop for next season, but some of it is for replanting, and it is also reported that a proportion is destined for the 1 islands. The following are quotations for produce to be paid to farmers, on trucks, free of commission, sacks extra, exoept where otherwise stated: — •• , ~ ' „ Wheat: Wheat Marketing Boards price, Tuscan 4s IOJd f.0.b.; Hunters, 5s Oi’d; Pearl, 55.24 d. Fowl wheat, 5s to 5s Id f.0.b., s.e. Oats: A Gartons, 3s 'for prompt; Bs 2s 9d; Algerians, 3s. ' . Potatoes, £5; Dakotas to £5 10s. Partridge peas, to 6s; barley, 3s a bushel; cocksfoot, Akaroa 6d, Plains 4d to sd; perennial ryegrass, 4s to 4s ,3d; Italian ryegrass, 3s 9d to 4s; chaff, -£3 10s; white clover. Is 6d to Is 8d; cowgrass, Bran, £4 a ton for shipping, and £5 a ton local. , . . Pollard, £5 a ton for shipping, £6 10s Four, £l3 12s, with the usual increments for smaller packings.

N.Z. GOVT. LOANS— £ s. d. £ s. d. 44 p.o. Bonds, 1941 ... 94 15 0 \ — 44 p.o. ditto, 1939 95 5 0 • — 44 p.o. ditto, 1938 95 6 0 — 54 p.o. ditto, 1936 ...... 99 7 6 100 0 0 64 p.c. Bonds, Feb., 1937 99 7 6 — 5£ p.o. Bonds, Sept., 1937 99 7 6 — 5| p.o. ditto, 1937 96 5 0 ■— 44 "p.o. Stock, 1939 ... 95 5 0 96 0 0 44 p.c. ditto, 1938 5j p.c. ditto, 1936 ....>, 95 5 0 96 0 0 .99 5 0 — 54 p.o. ditto, Feb, 1937 99 5 0 — 54 p.o. ditto, Sep, 1937 99 5 0 99 17 6 54 p.c. ditto, 1937 96 2 6 — DEBENTURES— Waipawa, 5 p.c., 1942 Patoa, 44 p.o. 1948 ... — 94 0 0 — 85 0 0 Well. Harb. Bd., 54 p.c., 1940 Well. Gas Co. 64 p.o., 99 15 0 1941 —. 102 0 0 Well. Racing Club ... BANKS— — 92 0 0 Australasia 9 18 0 — National of N.Z 4 0 0 E.S. and A 4 12 0 4 15 0 Nat. of Australasia, £5 5 15 0 5 19 0 New South Wales ... 28 0 0 28 10 0 New Zealand 2 5 8 2 6 3 Ditto, long term ... FINANCIAL1 9 0 Coldshrough. Mort ... 1 3 9 — N.Z. Guar. Corp., ord. 0 5 0 *0 6 0 Well. Trust, Loan ... 4 17 6 * Well. Dep., Mort. ... 0 8 3 0 8 9 GAS— Auckland 1 1 0 — Ditto, contrib 0 15 0 — Christchurch — 1 5 3 Wellington, ord — 1 11 0 Ditto, pref INSURANCE0 17 b National 0 14 3 0 14 7 New Zealand 2 2 6 — Queensland 2 3 0 — MEAT PRESERVING— Gear — 1 15 0 Meat Export, pref. ... 0 16 9 — TRANSPORT— Huddart, Parker, 6rd. — 1 10 0 Union Steam, pref. ... 1 0 6 — WOOLLEN— Wellington, ord; — 5 9 0 COAL— Westport ., TIMBER— 0 11 9 0 13 0 Leyland-O’Brien . — 1 1 0 . National — ■ 0 7 0 Taringamutu — 0 5 0 BREWERIESCarlton 111 9 — N.Z. Breweries 1 8 3 1 9 0 Tooth and Co — 1 13 6 MISCELLANEOUS— British Tobacco, ord. . 1 11 6 1 12 9 Burns, Philp 2 3 0 2 5 6 Colonial Sugar 47 15 0 — Dunlop Perdriau — 0 14 10 Electro. Zinc, pref. ... *1 6 0 1 6 0 Henry, Jones Co-op. . 1 9 9 1 10 10 Howard Smith, ord. ... 0 9 0 — N.Z Drug — 5 1 6 Farmers' Fertiliser ... — 0 17 0 Wilson’s Cement — 1 12 6 Wool worths, pref *1 6 0 — OIL— Moturoa, ord 0 4 0 — Taranaki 0 2 6 0 2 7 MINING— . . King Solomon — 0 z 0 Mount Lyell 1 1 0 1 1 6 Waihi *0 17 0 — Waihi Grand Junction — 0 3 6 Big River, Is paid .. 0 1 2 0 1 4 Golden Sands — *Cum. dividend. 0 2 0