FARMING AND COMMERCIAL

Manawatu Standard, Volume LII, Issue 307, 25 November 1932, Page 5

FARMING AND COMMERCIAL

BUTTER MARKET WEAK

CHEESE MARKET FIRM.

Joseph Nathan and Co., Ltd., have received the following- cabled advice from London, dated November 23: —New Zealand butter: Finest, 87s per cwt; first, 86s. Weak. Now Zealand chccso: White, 61s per cwt; colourod, 595. Firm. Dnlgety and Co., have received tho following under dato November 24:—Butter: Market weak . Danish, 120 s to 122 s (118 s to 120 s); Now Zealand finest salted, 86s to 88s (90s to 945) ; Australian finost unsalted, 88s to 92s (90s to 965); Australian finest salted, 85s to 87s (86s to 90s); Australian g.a.q., 82s to 84s (82s to 84s). Cheese: Market steady at present prices. New Zealand white, 60s to 61s (60s to 625); coloured, 58s to 59s (58s to 595); spot price for Canadian white, 65s to 69s (65s to 68s); coloured, 65s to 69s (65s to 68s). Last week’s quotations are shown in parentheses.

FROZEN MEAT QUOTATIONS.

Tho following report of Smithfield prices for the week ending November 24 has been roceived from Messrs Gordon Woodroffo and Co.. Ltd., London, by Messrs M. A. Eliott, Ltd., Palmerston North, samo being on a “delivered” basis, that is, including storage charges, cartage, etc.: — Best North Island prime lambs and ordinary North Island lambs, not quoted. Best North Island wethers and/or maiden ewe's.—4 B-56 and 56-64, 4§d; 64-72 and over 72, 4£d. Ordinary North Island wethers and/or maiden ewes, 48-56 and 56-64, 4Jd; 64-72 and over 72, 4d. North Island ewes.—Under 64, 3jjd; 64-72 and over 72, 2Jd. New Zenland prime ox beef (equal fores and hinds), 160-220, not quoted. Remarks. —New season’s lamb is not quoted. Wot hers, to §d higher; ewes, no change. The demand has fallen off owing to there being many resellers.

SYDNEY WOOL SALES.

CLOSING RATES FIRM. SYDNEY, Nov. 24. At the wool sales to-day, 12,761 bale: wore offered, of which 11,549 wore sold at auction, 538 being disposed of privately. At the closing Bales of the series to-daj all sections competed freely. The market remained firm, and values were unchanged for 'all descriptions. Groasy Merino rnado up to 23 3-4 d. The next series of Sydnoy wool sales will 6pen on December 5 and will continue till December 15, during which period 91,500 bales will be offered.

PORK AND EGGS.

MARKETS IN ENGLAND. ADVICE TO FARMERS.

is 1, HAMILTON, Nov 23. y "I am more than ever convinced o is the wonderful goldmine awaiting develop ment in New Zealand in pork and eggs,’ writes Mr. Eliot Davis, of Auckland, nov in London, in a letter received by thi New Zealand Pig Marketing Association, h Mr Davis said reliable English author It ities agreed that tho whole of the mar i- fteting conditions were wrong, as appliec e to New Zealand, including butter. Till h farmers should understand that it was oi tremendous advantage to themselves tc .] sell co-operatively. As long as tho brokers c got ono-sixt’eenth per cent, commission they did not cure how low they sold. That fact r must bo appreciated by New Zealand farmors. Mr Davis added that the British Ministry of Agriculture was “smothered in moss.” The new Minister would have tc exercise all his abilities to save English agriculture from absolute disaster. He concluded by urging Now Zeal&ad farmers to make a strong effort to capture what Danes for years had had for tho asking.

FRUIT AND VEGETABLES.

WELLINGTON MARKET PRICES. WELLINGTON, Nov. 24. Fancy grade apples and pears aro scarco this week and prices are firm. Values of fruit and other produce sold in tho markets yesterday morning were as follow: — Apples: Sturmcrs, 8s 6d to 10s 6d; Delicious, 8s to 9s 6d; Doughertys, 6s 6d to 7s 6d. Pears: Winter Coles, 10s; Winter Nelis, 9s; Petor Barry, 7s 6d; all fancy grade and bushel cases. Lemons, 8s 6d per case of 163. Cherries: 7s to 8s 6d per 101 b box. Strawberries: Auckland, Is 2d to. Is 4d; Bay View, lOd to Is ; Nelson, 7d to lOd per punnet. Tomatoes: Bay View, 7d to 9d a lb; Nelson and Blenheim, sid to 8d a lb. Gooseberries 2d to 2sd a lb. Cherry plums: 5s 6d to 7s a halfcase. - Green peas: 8s 6d to 10s 6d per cental bag. French beans: Is a lb. Now potatoes: Pukekohe, 3s 6d to 4s per 601 b bag: local, 7s to 8s a cwt. Old potatoes: 7s per sack of 2001 b. Onions: 15s 6d per • 1001 b.

FARMING NEWS.

RURAL RAKINGS. Prospects are brighter for the frozen meat market (writes a Gisborne correspondent). Gisborne buying rates have gono up in sympathy with Smithfield, the rise since last week being |d por lb. for both mutton and lamb. The beef schedule remains unaltered. This is the first occasion for a number of years that an incroaso in lamb or mutton buying rates has been registered since the opening prices were announced. A farmer at ICiwitahi (Rotorua lino), lost under unusual circumstances, a two-year-old pedigree bull for which he recently paid 31gns. The bull found its way into the separator room of tho milking shed and drank seven or oight gallons oi cream from a can before it was detected. Various remedies were tried, but after lingering for a few days the bull died. The samo farmer lost cows years ago when they drank quantities of cream. A curious case of foster paronthood in tho Cromwell district is reported by the Otago Daily Times. ‘A calfless cow and two motherless lambs have formed a family oirclo which must bo unique in pastoral practice in Otago. Tho relationship is a perfect one, and was entered into by the parties concerned in the most natural and unabashed manner possible. The cow seems to have adopted tho principle of any child being hotter than no child, and the lambs find that milk supplies are plways equal to the demand. Spectators of tho development of this alliance were very much surprised -at the complete fearless ness of tho lambs, whose size indicates tlieir exceedingly tender age, and even now the perfect harmony which, exists in this strangely ill-assorted family circle is a mattor of general comment in tho district.

DEFECTS IN CHEESE.

FULL INVESTIGATION BEING HELD. Per Press Association.

WELLINGTON, Nov. 24. In the House of Representatives, Mr C. A. Wilkinson drew attention to complaints received from Britain in respect to the quality of Now Zealand cheese. He said that there had been specific complaints of discoloration of coloured cheese as well as of the waxing process, and he asked whether steps would be taken to set up an investigating committee of tire most able experts obtainable with the object of providing a remedy. Hon. C. E. Macmillan said that the matter was having a very full investigation at the present time by departmental officers working in cooperation with the Hairy Research Institute at Massey College and the Dairy Produce Board. Inspecting officers of the department were in close touch with the work in all factories concerning whose cheese complaint had been made. The experts had conferred from time to time on these troubles and if it seomed necessary a further conference would be convened.

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES. -no uncertainty created regarding inferos,, rates has been reflected in the stock and share market during the last two ■ ys ,' ,9? Wednesday there was not a single bid for Government securities, and yesterday the only inquiry was for tho per cents, 1933, at £IOO, a* sale being made at that price. In Auckland yesterday the 5J por cent. stock, February, 1957, was sold at £9B • 15s, and 'in Christchurch, 5i per cent, stock, September, 1937, was done at £97 10s. Auckland ?i s ° ro ™pied solos of 51 per cent, stock, iqzp’ 6d, and 4i per cent, stock, 1938, at £95 ss. Banks wore in fair de"'a?d , on ‘he Wellington Stock Exchange yesterday, but prices were inclined to ease. Australasias were 5s lower at .£& ss, and Commercial of Australia lost a point at 14s 3d New Zealands had a sale at 45s 3d, but late buyers eased to 455. National of Australasia £5 pa ,d, were 5s better at 1,0 ills. Little, interest -was shown in finance, gas, insurance, meat, shipping, woolrWr tlm lr er i anci ,3re 'very shares. Sellers ol Now Zealand Breweries-eased 3d to 26s wLi?” * ta £ es woro offorin g' at 23s 6d. Wellington Gas ordinaries easod 3d to 295, Joajvt I , nauran ce were 6d down at 4Ss bd. Nationals were easier at 14s, sellers 14s 6d, and sellers of South British lowered thoir price to 565. Miscellaneous shares were m fair demand, with little or no change in quotations. Burns, Philp eased 6d to 435. Colonial Sugars were wanted at £46, sellers staying at £4B. mere was again an active market for goldmining shares. YESTERDAY’S QUOTATIONS.

,g Buying and selling quotations at yesterday s final call on tho Wellington Stock it -Exchange were as follow:

ONE POUND ife WORTH? One pound in New Zealand to-day is worth approximately: 18s in London. 12s Id (2 dollars 94 cents) in New York. 13s lid (3 dollars 4 cents) in Montreal. 12s Id (75£ francs) in Paris. 12s 2d (12i marks) in Berlin. 30s (13i yen) in Yokohama. 12s 3d (7i florins) in Batavia. 22s 9d in Sydney. GRAIN AND PRODUCE. _ CHRISTCHURCH. Nov. 24. Tho grain and produce markets are very quiet. Tho usual amount of speculation in forward business for tho now season is not in evidence, although sowings appear to be normal in almost every commodity. Tho potato market is dead. Old potatoes aro no longer of interest, and in view of the uncertainty of tho outlook there hns beon little forward business. What has been done has passed at £2 10s on trucks. Tliore is , as yet little or no interest in onions for tho | new season. Tho following aro prices j quoted to bo paid to farmers,. on trucks at country stations, unless otherwise mentioned : Wheat. —Tuscan, 4s 10/d; Hunters, 4s4£d; Pearl, 5s 2id, f.cf.b. Fowl Wheat. —Prompt, 4s lid, f.0.b.; March-Soptombor, 3s lid, f.o.b. Oats.—Cartons, A grade 3s, B grade 2s lOd; Algerians, 3s to 3s 3d. Chaff.—£3 10s to £3 12s 6d a ton. Potatoes.—Prompt, £4 15s to £4 17s 6d a j ton, on trucks;. Dakotas, £6 10s a ton, on trucks; forward, £2 10s on trucks. Bran. —£4 a ton for shipping, £4 10s a ton local. Pollard: £4 10s a ton for ship- , ■ping; £6 a ton local. Flour.—£l3 12s a ton, with tho usual j increments for smaller packings.

WELLINGTON MARKETS. WELLINGTON, Nov. 24. The following prices ruling at Wellington aro quoted:— Wheat, G.W.F. wheat, 5s 4d to 5s lOd a bushel, flour, f.0.b., South Island ports, 2001 b sacks, £l3 12s a ton; 100’s bags. £l4 12s; 50's bags. £l4 17s: 25’s bags, £ls 7s. Ex storo, Wellington, 2001 b sacks, £l6 2s 6d; 100’s £l7 2s 6d; 50’s, £l7 7s 6d; 25’s, £l7 17s 6d. Pollard, i-ton lots or over, £6 10s a ton. Bran, ij-ton lots or over £5 7s 6d a ton. Chaff, prime Blenheim, £6 15s per ton. Oats, machine-dressed and clipped Algerians, 3s 9d a bushel; Duns, 4s 3d and 5s 2d a bushel; Gartons, 3s 9d to 4s a bushel; black' seed oats, 4s 6d; shelled fori chickons, 5s 3d a bushol. Maize: South African crushed, 4s lOd a bushel; whole, 5s 9d a bushel. Barley, hulled; 5s a bushol; clipped English feed barley, 4s a bushel. Old potatoes, £6 to £8 a ton. New potatoes, 7s 9d to 8s 6d a cwt. Canadian onions, 18s per crato.

0 xt *7 on™ r „ Buyers. Sellers, jr N.Z. G0\ r. LOANS— £ s. d. £ s. d P-c. Bonds, 1938 . — 96 0 0 5 i P-c- ditto, 1933 100 0 0 5* P-c. ditto, Sep, 1937 — 100 5 0 54 p.c. ditto, 1937 — 96 10 0 44 p-c. Stock, 1938 . . — 95 17 6 54 p.c. ditto, 1933 100 0 0 54 p.c. ditto, 1936 — 99 0 0 54 p.c. ditto, Sop, 1937 — 51 p.c. ditto, 1937 . — 5f p.c. ditto, 1934 . — 99 0 0 97 2 6 98 15 0 DEBENTURES— Auck. City, 54 p.c., 1944 c)7 n n Clich. City, 54 p.c., 1944 97 0 0 Dunedin City, 54 p.c., 1944 97 10 0 Well. City, 54 p.c., — 1940 98 0 0 Makerua Drainage, 6 p.c., 1946 — Palmerston N., 6 p.c.. 98 10 0 1945 100 0 0 Well. Gas Co 99 0 0 Well. Racing Club ... — 93 0 0 BANKS— Australasia 9 5 0 Comm, of Aust., ord. 0 14 3 0 14 7 E.S. and A *4 4 0 National of N.Z. .. — Nat. of Australasia, £10 3 17 6 paid *10 15 0 Ditto, £5 paid *5 10 0 New Zealand *2 5 0 2 5 6 Ditto, long term 19 0 Union of Aust'. 7 14 0 7 17 0 FINANCIAL— Equitable Building ... — 4 15 0 Goldsbrough, Alort ... 1 2 3 1 3 0 N.Z. Guar. C'orp., ord. 0 4 11 0 5 2 N.Z. Loan and Mere. — 54 0 0 Well. Dcp. and Alort. — GAS0 8 0 Christchurch — 15 7 Wellington, ord 19 0 1 10 0 Timaru 0 13 6 INSURANCE— 0 18 0 Aust. Prow Assce. ... 0 5 6 0 6 6 National 0 14 0 0 14 6 Queensland 2 8 6 — South British — MEAT PRESERVING— 2 16 0 Gear 1 11 0 1 12 0 N.Z. Refrig., 10s pd. 0 3 0 TRANSPORT— N.Z. Refrig., 10a paid 0 3 0 — Union Steam, pref. ... 1 0 8 WOOLLEN— — AVellington, ord — TIMBER— 5 6 6 Leyland-O’Brien — National 0 4 6 +1 0 3 0 6 6 0 5 0 BREWERIES— Carlton 1 12 6 N.Z. Brewerios — 1 6 6 1 3 6 MISCELLANEOUS— British Tobacco, ord. 1 11 0 — Burns, Philp 2 3 6 — Colonial Sugar 46 0 0 48 0 0 Dental and Modical ... 0 5 3 0 6 3 Dunlop Perdriau 0 15 0 — Eleotro. Zinc, pref. ... 1 5 6 1 6 0 Henry Jones Co-op. ... *1 14 3 — N.Z. Drug — 3 0 0 Wilson’s Cement — *1 12 0 Woolwortbs, pref. — OIL— 1 8 6 Moturoa, ord — 0 4 6 Taranaki 0 2 0 MINING— — Blackwator 10 0 Consol. Goldfields — Golden Dawn 0 5 0 0 10 0 King Solomon 0 2 1 0 2 2 Alount Lyell 10 0 *10 6 Paddy’s Point 0 5 5 0 6 0 Waihi 0 18 6 0 19 0 Big River — 0 15 Nokomai 0 6 4 0 6 5 Waitahu (premium) ..002 0 0 34 ' *Cum. dividend, +Ex dividend.