FARMING AND COMMERCIAL

Manawatu Standard, Volume LIII, Issue 50, 26 January 1933, Page 10

FARMING AND COMMERCIAL

LIVE STOCK MARKET. ALL SECTIONS ADVANCE AT ADDINGTON. Por Press Association. CHRISTCHURCH, Jan. 25. Values at the Addington market to-day wero considerably affected by the new export schedule influenced by tho higher exchange, there being a general advance in all sections. For fat lambs there was a rise of 2s 6d per head. Good quality store lambs advanced to Is 6d .to 2s, fat ewes 2s, and wethers 3s bd, butchers and exporters competing kconly. The fat cattle advance was 10s to 15s por head. The store sheep section included a fine selection of lambs. Values: Forward lambs, 11s 3d to 12s 6d; medium, 10s to 11s; average, 8s to 9s 6d; cull lambs, 6s 6d to 7s 6d; Corricdalc, wether lambs, to 8s; halfbred, to 8s lid; three-quarterbred ewe lambs, to 9s 3d.

There was a fat lamb yarding of 4700 head. It was one of tho best quality entries for some time. Values, extra prime, to 20s lOd; prime heavy, 16s 6d to 18s 6d; medium, 13s 6d to 16s; light, 11s to 13s. Fat sheep comprised a _ small ontry of good quality, all classes rising substantially at tho outset. Values: Extra primo wethers, 20s; prime, 16s 6d to 18s; medium, 14s 6d to 16s; ordinary, 13s to 14s 3d; light, 10s 6d to 12s 6d; extra primo owes, to 14s lOd; prime, 12s to 13s 6d; medium, 10s to 11s Id; ordinary, 8s to 9s 6d; light 6s to 7s 6d. 6

Fat cattle were of mixed quality, and sold irregularly. Tho average advance was good. Best beef made 18s 6d to 21<s per 1001 b; good steer beef, 17s to 19s; medium, 16s to 17s; heavy, 15s 6d to 176 6d; medium cow, 11s to 13s 6d; rough, down to 9s; extra prime steers, to £lO 2s 6d; prime heavy, £7 to £8 15s; medium £5 5s to £7; ordinary, £3 15s to £5; light, to £3 10s; extra prime heifors, to £8 12s 6d; prime £4 10s to £6 10s; medium, £3 to £4 ss; light, to £3; extra primo cows, to £7 7s 6d; prime, £4 to £5 10s; medium £2 15s to £3 15s; light, to £2 10s. There was a medium entry of fat pigs with a slightly better demand. Values: Choppers, 33s 6d to £2 18s 6d; porkers, 18s to 23s 6d; heavy porkers, 25s 6d to 28s 6d; extra heavy porkers, to 3Cte, average price per lb, 3ad to 4ld; baconers, 31s 6d to 38s 6d; heavy, baconers, 40s, 46s 6d; extra heavy baconers, to 30s, 'average price 3id to 3fd. THE BURNSIDE SALE. Per Press Association. DUNEDIN, Jan. 25. Best quality beef advanced in value at the Burnside sales .to-day, tho rise being from ICte to 15s per head. There was also a rise in sheep prices in some cases, the highest rates for several months being realised. While freezing buyers wero responsible for keeping tho value of light sheep a little above that of previous sales, pigs did not meet with a very spirited sale, and prices were slightly easier. Lambs were in good demand, and prices showed an advance of about 2s per head.

There was a yarding of 240 head of fat cattle. The entry included two races of exceptionally good quality bullocks, and several pens of plain bullocks and cows. The top price obtained for prime heavy bullocks was £ll 2s 6d, while two other lines brought from £9 10s to £lO 17s 6d. Tho balance of bullocks sold from £8 and £9. Cows sold at late rates, from £3 to £5, while a line of choice heifers brought £7 ss. Other lines of heifers sold from £5 to £6. Light ox beof was worth 20s; choice heavy beef, 225; choice heifers, 20s; and cows, 14s to 15s per 1001 b. In a penning of 2300 sheop, there were several trucks of extra heavy wethers, and a fair number of young ewes. Export buyers were keen bidder's for light sheep, and consequently these sold at an advance of about Is 6d per head. Light wethers brought to 15s per head, and ewes suitable for the export trade, from 7s to 9s. Extra heavy wethers sold from 17s to 19s; ewes, 10s to 12s; ewes were worth from lfd to 2d, and wethers 24d to 3d per lb. Tho lamb entry was not a large one, but included several pens of good quality animals. The yarding sold under keen competition. Prime lambs realised to 17s 9d; medium, 13s to 14s, and light, 10s 6d to 11s 6d per head. There was a poor representation in the store cattle pens. Aged cows predominated. There was little life in the sale. Cows sold from £1 10s to £3 10s. In the pig section, 211 fate and 101 stores were offered. Porkers sold at a reduction of about ss, and baooriers- 7s 6d per head. Porkers were worth about 44d, and bacon pigs about 3id lb. HAWKE’S BAY SALE. HASTINGS, Jail. 25. A marked feature of to-day’s sale at Storlford Lodge was the larger entry of store cattle, there being 130 stores and 140 fats. Groat interest was displayed by sellers as to how prices would be affected by the increased exchange rate. Prices obtained last week were from £6 to £7 2s for prime heavy bullocks, and these went to £7 6s. Other prices rose accordingly. Some beautiful bullock beef was offered, realising £7 6s for three Herefords. Heifers made good prices, being up 25s and more. Fat cows wore up considerably, realising £5. Results generally were not as. satisfactory as expected. Good P.A. bullocks made £6 6s; nice Hereford beasts realised £6 18s to £6 16s- prime Ilerofords made £7 6s; Red Polls, prime condition, £6 10s. The best prico in the fat section was £5 3s for a Shorthorn cross cow. Good killable condition heifers were in fair demand, making to £5 6s. Prime heavyweight bullocks, £6 2s, £7 6s; others, £4 16s, £6; prime heavy cows, £4, £5 3s; others, £2 ss, £3 15s; heifers, £2 18s 6d, £5 6s; store cows, £ll2s 6d, £1 18s; dairy sorts, £3 7s 6d. Store Sheep.—F. and f. lambs, 10s; wether lambs, 9s 4d; Southdown lambs, good lino, 10s; forward wether lambs, 10s; forward wether rape lambs, 11s lOd; forward rape lambs, 11s sd; wether lambs, 9s 8d; f. and f. lambs, back-faced, 9s 7d; cross lambs, 8s 3d: five-year ewes, first of season, large-framed, 10s 7d; f. and f. Southdown wether ramba, good lot, 11s Bd. Fat Sheep.—Ewes, 7s 9d, 9s 4d; Jambs, 9s, 14s; wether lambs, 9s, 9s 4d; twoto’otli owes, 8s 7d, 9s 9d, 13s sd; fouryoar and eight-tooth ewes, 9s; wethers, 7s 3d, 8s 3d, 10s 6d; maiden ewes, 11s 4d. MARTON SALE. The N.Z. Farmers’ Co-op. Distributing Co., Ltd., report a yarding of 1300 sheep, mostly lambs, at the Marton sale on Tuesday. The lambs, chiefly Turakina Valley sheop, came forward in tip-top condition, and elicited keen competition from a large attendance of buyers. The top prices for owo and wether, lambs were secured by Mr W. Frankc, Turakina Valley, whoso ewo lambs realised 11s Id and tho wether lambs 10s 6d. Prices: Fat wethers, 13s 6d; fat owes, 7s 7d; woolly 2-tooth ewc3, 16s; 2-toot.h owes, 14s 3d; small 2-tooth wethers, 9s 6d; b.f. rape lambs, 10s 3d; small b.f. lambs’ 7s lOd; good cwo lambs, 11s Id; medium owo lambs, 8s Id to 9s 6d; best wether lambs, 9s 4cl to 10s 6d; wether lambs 7s lOd to 8s 9d; cull lambs, 4s 3d to 6s.’ Pigs: Slips, 13s; weanors, 8s 6d to 10s; small wcaners, 6s 6d to Bs. RISE AT WESTFIELD. Per Pross Association. AUCKLAND, Jan. 25. The advance in export meat pricos caused by the higher exchange was reflected in the sharp rise in values at the .Westfield

fat stock sale to-day. Tho smaller yardings of stock also contributed to the firmer market. Beef advanced by from 2s to 3s per 1001 b, and in soiling £1 per head, and cow beef was 10s per head higher. Extra choice ox sold from 15s to 21s per 1001 b; choice and prime ox, 18s to 20s; secondary and plain, 15s to 17s; prime young cow and heifer boef. 16s to 19s; ordinary cow, 10? to 15s; extra heavy, prime steers ranged from £8 to £8 10s; heavy prime, £7 5s to £7 17s 6d; lighter prime, £6 10s, £7 2s 8s; light prime, £5 10s. £6 7s 6d. Sheep were in short supply, and requirements were hard to fill, prices advancing by. from Is to 2s 6d per head. Heavy prime wethers made 15s to 17s 9d; medium prime, 13s, 14s 9d; light prime, 11s, 12s 9d; prime maiden owes, 12s, 14s ,6d; prime hoggets, 10s 6d, 13s 6d; heavy primo ewes, 10s, 11s; medium prime. 8s 6d, 9s 9d. Lamb sold briskly, prices showing an advance of over Is per head. Heavy prime lambs. 13s 9d, 16s 9d; lighter prime, 10s, 13s 6d. There was an improved demand for pigs and a largo offering sold freely. Baconers, 365, 595; porkers 19s, 395; large stores, 20s, 275. WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. More buoyant conditions prevailed in the investment market on the Wellington Stock Exchange yesterday, and in nearly all groups thero was considerable buying and selling activity. Government loans were in demand with more supplies available than hitherto. Eleven sales were recorded, the turnover on ’change being confined to one deal in Bank of Now Zealands at £2 3s 3d. Other bank issues wore firm. In the breweries section offers for Staples hardened by'6d to £1 2s, with no response by holders. YESTERDAY’S QUOTATIONS.

YESTERDAY’S SALES. The following sales were recorded on the stock exchanges of the Dominion yesterdaWellin.gton.—Bank of New Zealand, £2 3s 3d. Sales reported: Govt. Bonds, 5£ p.c., February, 1937, £lOl 2s 6d*; ditto, 54 p.c., Sept 1937, £lOl 2s 6d # ; Inscribed Stock, 51 p c 1937 £96 10s; Auckland Power Board debentures, 51 p.c., 1946, £9B; Comm of Australia, ord., 15s 2d; National of Australasia, £5 paid, £5 12s 6d; N.Z Insurance, £2 4s 6£d; Tooth and Co., £1 14s 3d; Waihi, £1 Is 3d; Kawarau, 7d. ‘Late sale Tl Auckfand.— Auckland Harbour Board, 6 n c 1941 (2), £lOl 10s; New Plymouth Harbour Board, 54 p.c., Fob., 1956 (2), £93; Commercial Bank, 15s 3d, 15s 2d; ditto, pref. £7 19s Nat. Bank of A’sia, con. (2), £5 12s 6d; Bank of New Zealand (2), £2 3s- National Insurance, 14s Id; N.Z. Insurance, £2 4s 104 d, £2 ss; Goldsbrough, Mort £1 4s 6d; Northern Steam, 6s; Colonial Sugar, £52 ss; N.Z. Refrigerating, con 4s; Golden Dawn (2). 4s 6d; Golden Point, 34d; Okarito, 9s; Waihi, £1 Is 4d; Waihi Junction, 3s 6d. Christchurch.—lnsori. Stock, 54 p.c., Feb, 1937 £lOl 10s; ditto, 54 p.c.. Sept., 193 f. £101; Govt. Bonds, 54 p.c., Feb., 1937, £lOl ss: Commercial Bank of Australia, pref., cum. div., £7 19s 6d; National Bank of NZ (3). £3 9s; Bank of N.Z., £2 3s od, (2) £2 3s 3d; Dalgety and. Co. (3), £7 14s; Goldsbrough, Mort (3), £1 4s Id; N.Z. Refrigerating, 10s paid (12) 4s; New Zoaland Breweries, £1 7s sd; ditto (3) £1 7s 10d; British Tobacco (3), £1 12s 3d; Mt. Lvell £1 la 2d; N.Z. Drug Co. (5), £2 16s- Big River (3), Is 3d; Blackwater (2), £1 Is; Golden Sands, 2s lOd; Okarito, 9s Id- Waihi, £1 Is 6d; Waitahu, 4s 3d, 4s 6d. Sales reported; Commercial Bank of Australia, pref., cum. div. (2). £8; National Bank of N.Z, (2), £3 9s 6d; Now Zealand Insurance, cum. div., £2 % M, Dunlop Rubber. 17s 3d: N.Z. Drug Co., £2 16s 3d, £2 16s 6d, £2 16s 3d. Dunedin.—Sales reported: Bank of Now Zealand. £2 3s 6d, £2 3s 7d: Commercial Bank, 15s sd; New Zealand Refrigerating, oon 4s 4s Id; Kawarau. 6d; Okarito (2), 6s 2d- Gillespie’s, lid; Waitahu, 4s 4d; Inscribed Stock, 44 p.c., 1938 (2), £95 15s.

LONDON STOCK EXCHANGE. LONDON, gr a n. 24. On the Stock Exchange to-day quotations of pastoral company stocks compare as follows with those previously cabled: Jan. 10. Jan. 24.

SYDNEY STOCK EXCHANGE. SYDNEY, Jan. 25. Tho further appreciation in values ot Australian consols featured the Sydney Stock Exchange ~ Zealand loans, which sold for the first time since tho advanced exchange rate, , , marked down to make allowance for revision. _ , Sales: Commonwealth Bonds, 4 P° r _ P 1938, £102; 1941, £lO2 ss; 1944, £lO2 8s 9d, 1947, £lO2 13s 9d; 1950, £lO3 2s 6d; 1955, £102; 1955, £lOl 12s 6d; 1957, £lOl 17s .™’ 1959, £lO2 2s. 6d; 1961, £lO2 17s 6d; New Zealand securities, 5i per cent., 193 L > 5i per cent., 1937, Now Zealand delnery £97 15s; Australian Gas A, £7 3s; Com mercial Bank of Sydney, £lO 10s; ro ., Hill Ppy. 23s 3d; Broken Hill South, 46 , Goldsbrough, Mort, 24s 6d; Wmchcombe Carson, 23s 7id; British . Tobacco, 335, Henry Jones, 375; Adelaide Steam, Tooths, 35s 4j>d. T nc MELBOURNE, Jan 25. Sales: Broken Hill Ppy., 28s 6d; British Tobacco, 32s 9d; Commercial Bank of Au tralia, pref., £8 4s; Electrolytic Zinc, 7 id. FOREIGN EXCHANGES.

‘Nominal. The selling rate for telegraphio transfers, London on Capetown, is £99 17s 6d for £IOO sterling, and the buying rate £IOO 17s 6d. GOLD AND SILVER. LONDON, Jan. 24. Silver. —Cash, per ounce; forward, 17 3-16 d. Gold. —£6 Is 7d per fine ounce. 2 DAIRY PRODUCE. The New Zealand Producers’ Co-opera-tive Marketing Association’s weekly cabled market report from London, dated January 24, is as follows: —Butter: Market qiet; New Zealand finest, 80s; first grade, 795; Danish, 106 s to 103 s. Cheese: Market quiet; New Zealand white, 465; coloured, 58s to 595; Canadian white and coloured, 58s to 645. HOROWHENUA SHOW. At the second day of the Horowhenua Show in Levin yesterday Mr S. Macaulay, of Palmerston North, judged the horse and competition events. His awards were made as follow; —Farmer’s mare or gelding, suitable for drawing from one ton to 30ewt. : —Moffatt and Blake’s Dick, 1; P. Lee's Tom, 2; D. K. Guy’s Bess, 3. Suitable for drawing up to one ton : J. Sigley’s Rangatira, 1; W. G. Hayward’s 2; J. G. Peers’s Bess 3. Hack, mare or gelding, any age, 13 stone or over: J. J. Waller’s (Awapuni) Rob Roy, 1; S. J. Bailey’s Ali Baba, 2; 11. Piper’s Tally Ho 3. Lightweight hack, mare or gelding, any age, 10 stone to 12 stone: S. J. Bailey’s Proud Moor, 1; Mrs J. R. McDonald’s Crown Gran, 2; G. Vickers’s Charmaine, 3. Mare or gelding, most suitable for hunter, any age, to carry not less than 12 stone: J. J. Waller’s Rob Roy 1, S. J. Bailey’s Ali Baba 2, R. A. Smith’s Vera. Lady’s Hack, to bo ridden by lady: G. Vickers’s Cliarmaino 1, Mrs J. R. McDonald’s Crown Gran 2, S. J. Bailey’s Proud Moor 3. FARMING NOTES. RURAL RAKINGS. Ninety-eight bales to the acre is the remarkable yield of hay obtained by Mr J. Sage, senr., on his property at Belvedere, Carterton. _ Mr Sage has just had five acres of his pasture cut, and when pressed, the total number of bales realised was 490. This yield is believed to be a record for the district. A successful lambing season has been experienced in the King Country, largely owing to the fact that favourable spring conditions followed a mild winter. Over 117,000 lambs have already been sold this season in the northern King Country, and 32,000 are awaiting delivery to tho Waitara freezing works. The opinion that provision should be made in the Act for compulsory burning or burial of ragwort after it had been cut was advanced at a meeting of the Woipa County Council. It was pointed out that when the weed was left lying on the ground the seeds germinated and the flowers bloomed again in a few weeks. It was decided to forward a recommendation on the lines of the suggestion to tho Government.

Quotations for beof, sheep and pigs showed an increase on last week’s rates at tho weekly stock sale at the Frankton yards on Tuesday, pigs showing a very marked rise. There was an average yarding of beef and under a good demand rates increased over Is per 1001 b. Sheep came forward in large numbers and here again last week’s prices were maintained. There was a full yarding of pigs and the demand was very heavy, quotations showing an advance of from 12s to 16s per head.

Buying and selling quotations at yesterday’s final call on the Wellington Stock Exchange were as follow: — Buy ers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ 6. d. 44 p.c. Bonds, 1941 ... 95 5 0 — 44 p.c. ditto, 1939 95 5 0 — p.c. ditto, 19.58 95 7 6 96 0 0 54 p.c. ditto, 1936 101 0 0 101 10 0 54 p.c. ditto, Feb, 1937 101 0 0 101 10 0 54 p.c. ditto, Sep, 1937 101 0 0 ' 54 p.c. ditto, 1933 — 100 5 c 54 p.c. ditto, 1937 96 10 0 — 44 p.c. Stock, 1939 ... 95 5 0 95 15 0 44 p.c. ditto, 1938 95 5 0 — 54 p.c. ditto, 1936 — 101 0 0 54 p.c. ditto, Fob, 1937 101 0 0 101 10 0 54 p.c. ditto, Sep, 1937 101 0 0 101 10 0 p.c. ditto, 1953 — 100 5 0 54 p.c. ditto, 1937 96 10 0 — DEBENTURES— Auck. City and Sub. Drain., 5 p.c., 1936 — 97 0 0 Well. Gas Co 100 0 0 — Well. Racing Club ... — 95 10 0 BANKS— Australasia — 10 1 0 Comm, of Aust., ord. *0 15 0 0 15 3 Ditto, prof. *7 10 0 — E.S. and A 4 9 0 — National of N.Z 3 5 0 • Nat. of Australasia, £10 paid 11 10 0 — Ditto, £5 paid 5 10 0 5 15 0 New South Wales — 30 0 0 New Zealand 2 3 0 2 3 3 Ditto, long term 1 8 6 — Union f7 10 0 7 18 0 FINANCIAL— Equitable Building ... — 2 0 0 Goldsbrough, Mort. ... 1 4 0 1 4 9 N.Z. Guar. Corp., ord. 0 4 6 — N.Z. Invest., Mort. and Deposit — 0 7 0 Well. Dep. and Mort. — 0 5 0 GAS— Wellington, ord *1 9 6 1 10 0 INSURANCE— Aust. Prov. Aesce. ... — 0 8 6 National 0 14 0 0 15 0 New Zealand *2 4 0 2 6 0 South British 2 15 9 — MEAT PRESERVING— Gear 1 7 6 1 10 6 N.Z. Refrig., 10s paid 0 3 11 0 4 3 TRANSPORT— Huddart, Parker, pref. 1 1 6 — Union Steam, pref. ... 1 0 0 — TIMBER— Bartholomew — 0 10 0 Leyland-O’Brien — 0 19 0 National 0 2 6 0 5 9 BREWERIES— Carlton 1 14 6 — N.Z. Breweries 1 7 0 1 8 0 Staples and Co 1 2 0 — Tooth and Co 1 14 3 1 14 9 MISCELLANEOUS— British Tobacco, ord. 1 11 9 1 12 6 Burns, Philp — 2 7 0 Colonial Sugar 52 5 0 53 0 0 Dominion Investments 1 1 0 — Electro. Zinc, pref. 1 7 3 1 8 3 National Electric — 0 10 0 N.Z. Drug 2 15 9 — Farmers’ Fertiliser ... 0 13 6 — N.Z. Paper Mills 1 1 0 — Sharlond and Co., ord. — 1 0 0 Ditto, pref — 1 0 0 Well. Queen’s Theatre — 1 1 0 Wilson’s Cement 1 7 0 1 9 5 OIDMoturoa 0 4 8 — Taranaki 0 2 6 — MINING— Golden Dawn 0 4 5 — King Solomon 0 2 0 0 2 3 Mount Lyell 1 1 0 1 1 8 0 — Waihi 1 1 31 1 9 Big River ~~ 0 1 Gillespie’s Beach 0 0 10 Nokomai 0 5 8 u a li Waitahu U 4 0 *Cum. dividend. +Ex. dividend.

£ s d Dalgety and Co., shares o 10 0 Dalgety’s 4 p.c. deb. stock 85. 17 6 Goldsbrough Mort, 5 p.c. “B” deb. stock 76 10 0 £ s 6 0 86 10 d 0 0 78 0 0

LONDON, Jan. 24. The following rates on foreign exchanges were current to-day, corn pared with Jan. 24. par : — Par. New York, dol. to £1 . ... 3.38| ... 3.92*1 4.866 Montreal, dol. to £l ... Brussels, bel. to £1 ... ... 24.50* 35.00 124.21 Paris, francs to £l ... ... 87 Geneva, francs to £1 ... ... 17.55* 25.225 Amsterdam, florins to £1 8.46-2 12.107 Milan, lire to £1 Berlin, marks to £1 .... . 66 9-16 ... 14 9-32 92.46 20.43 Stockholm, knr. to £1 , ... 18.35* 18.159 Copenhagen, knr. to £1 . 19 15-16 18.159 Oslo, knr. to £1 ... 19.5 18.159 Vienna, schgs. to £1 ... *29 34.585 Prague, knr. to £1 ... 114| 164.25 Hel’fors, marks to £1 . ... 226.5 193.23 Madrid, pes. to £1 .... .. 417-16 25.225 Lisbon, esc. to £l ... 110 110 Athens, drach. to £1 ... ... 600 3/5 Belgrade, din. to £1 ... ... 250 276.31 Bucharest, lei to £1 .... ... 567.5 613.60 Rio de J., p. to mil. . *5§ 5.899 B. Aires, p. to peso .... ... 42.5 47.62 M. Video, p. to peso ... ... *34 51 . Calcutta, p. to rup .. 18 5-32 18 Shanghai, p. to tael .... .. 20 7-16 — H.-Kong, p. to dol. ... ... 153 — Y’hama, p. to yen .. 15 1-32 24.582 Batavia, gl. to £1 ... 8.43* 12.107