FARMING AND COMMERCIAL

Manawatu Standard, Volume LIV, Issue 137, 11 May 1934, Page 5

FARMING AND COMMERCIAL

FROZEN MEAT. HEAVY AND SECOND LAMB HIGHER Best light lambs, no change; heavy lambs and seconds, id higher; wethers, par to id lower; owes and beef, no chnnge. Lamb market firm, small stocks, fair enquiry; good demand for light weights. Wether market quiet. The foregoing cable advice was received by M. A. Eliott, Ltd., to-day from Gordon, Woodroffe and Co., Ltd., London. Tho following are Smithficld prices for the week ending May 10, 1934. (These aro on the “delivered” basis, this, including storage charges, cartage, etc.): Best North Island prime lambs, under 361 b 7£d; 36/42 6 7-Bd, 42/50 6 3-8 d; ordinary North Island lambs under 42lbs 7id, socond quality, under 42 lbs 7 3-fld; best Nortli Island wethers andor maiden ewes 48/55, 56/64 sid, 64/72, over 72 4id; ordinary North Island wethers and-or maiden ewes 48/56, 56/64 5-jd, 64/72, over 72 4id; North Island ewes under 64 3 5-Bd,_ 64/72, over 72 27-8 d; New Zealand prime ox beef (equal fores and hinds) 160/220, 23-4 d. CHILLED BEEF EXPORTS. ADDITIONAL SHIPMENTS PLANNED. Per Press Association. MASTERTON, May 10. A statement that his firm believed definitely that there was something in tho chilled beef trade for Dominion brooders was made to-day by Mr P'. J. Borthwick, of Messrs T. Borthwick and Sons. He added that his firm intended to go right ahead with frequent shipments. The consignment sent from the Wairarapa in March last arrived in England in first-class condition. The fourth shipment from tlio Wa.irarapa was on the water at tho present time, and a further consignment would be sent at the end of the month. Shipments would also be made from Auckland this month. DAIRY PRODUCE. BUTTER FIRM AT 73-755. W. AVeddcll and Co., Ltd., report dated London, May 9 : —Butter: Danish, 84s; New Zealand finest, 73s to 755; Kangaroo finest, 71s to 735. Cheese: New Zealand white and coloured, 43s 6d to 445. Both markets firm. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following advice from their London house, dated May 9 : —Dairy produce (last week’s quotations in parentheses). —Butter: New Zealand choicest salted, 74s per cwt. (71s to 725); market steady. Cheese: White, 44s per cwt. (42s 6d); coloured, 43s 6d per cwt. (42s to 42s 6d); market firm. DAIRY COMMISSION. BUSINESS AT SITTING. Per Press Association. WELLINGTON, May 10. Evidence by the Director of the Dairy Division of the Department of Agriculture (Mr W. M. Singleton) occupied the attention of the Dairy Industry Commission at its sittings to-day. Mr Singleton’s evidence was largely concerned with the department’s instructional activities and matters relating to the grading and quality of dairy products. He was questioned at length by members of tbe Commission, and his examination took the whole of the day. It had teen intended to call also the Assistant Director-General of the Department of Agriculture (Mr A. H. Cockayne), but his evidence will now bo taken to-morrow. The question of holding sittings in other centres has teen considered, and it has been tentatively decided that the Commission would hear evidence at Stratford, Hamilton and Auckland. LONDON WOOL SALES. MARKET IRREGULAR. D.algety and Co., Ltd., have received the following message, dated May 9, from their head office: —No sales held to-day. Merino average and faulty hardly any demand. Crossbred fairly firm. Home trade and Continent very quiet for halfbreds. LONDON TALLOW MARKET. The Bank of New Zealand (produce department) has received tho following advice from its London office under date May 9 : —Tallow : The demand is quiet. Current quotations: Good mutton, 20s 6d to 21s per cwt.; good beef, 18s to 18s 6d; good mixed, 17s 6d to 18s; gut, 15s to 16s. Tallow statistics for the past three months are as follow, compared with previous months: Feb. March April

GRAIN AND PRODUCE. AUSTRALIAN MARKETS. SYDNEY, May 10. Wheat has a firmer tone due to an improvement in the overseas markets. Quotations at country sidings are 2s a bushel for both bagged and bulk, which is equal to about 2s 7d and 2s 8d respectively, ex trucks, Sydney. Flour, £ll 10s a ton; bran, £4 ss; pollard, £5. Potatoes: Tasmanian, £7 10s a ton; Victorian, £6. Onions: Brown Spanish, £6 to £6 10s a ton. Maize, 3s a bushel. ADELAIDE, May 10. Wheat.—Growers’ lots, 2s 4d a bushel. Flour, bakei-s’ lots, £ll 10s a ton. Bran, £5; pollard, £4 15s. Oats, Algerian, 2s a bushel. Barley, 2s. BASE METALS MARKET. . SLIGHT FIRMING IN PRICES. LONDON, May 9. The official London (middle) quotations for Wednesday, as reported by the Australian Mines and Metals Association, compare as under with those previously cabled :

"American, 8.50 cents a lb. fAmerican, 53.10 cents a lb.

Sheep losses from worms havo boon very heavy m Canterbury already this year, says the Press. Authoritative reports havo been received that hundreds have died and the season is tho worst, that has been experienced since 1931. Fairly heavy losses in a wet season arc not, unusual, hut they a.re rarely so severe to the fanners affected as this season. Many characteristics of the disease as known in this province baffle exports, and from enquiries made from an authority the need for concentrated research into woi;m diseases in Canterbury among sheep appears to be urgent.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. chock to the advanco in gilt-edged securities was scon yesterday in tho Wellington market., and pricos bid for Government loans went to new high levels. Thd 4 per cent, stock, 1949, was sold on ’chango at £lO5. Buyers advanced their offers 20s to £lO6 10s for tho 4 per cent, bonds and stocks, 1955 maturity. Tho 3jt per cent. 6tocks, 1939-52, and 1938-52, advanced to £lO4 15s, sellers asking £lO6 for tho latter maturity. Local body and other debentures also showed a firmer tendency. Buyers offered par for Wellington Racing Club, 8 per cents., 1935, without response. Banks were steady and quiot, the only recorded business being Union of Australia at £lO lato on Wednesday. There was a good inquiry for finance and pastorals. Buyers of Abraham. and W’illiams preference moved up to 80s. Insurance shares wero very firm on a strong demand. New Zcalanus hardened to 60s 4d, and South British to 78s 9d. Standards moved up to 61s 9d, sellers asking 62s 3d. In the frozen meat sic tion, Gears had sales on ’change at 295, and Southlands advanced to 64 s. There wero no movements of much note in the other sections of the market. New Zealand Drugs advanced to 755, and Woolworths (N.Z.) ordinaries to £5 17s 6d. There was a slightly improved demand for mining shares. YESTERDAY’S QUOTATIONS. The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follow: — Buyers. Sellers.

A task which will take about 80 daj r s to. complete faced a drover who arrived the other dav in Casino (N.S.W.). He is in charge of 40 blood horses, which are being’ driven from Dyraaba Station, near Casino, to Chatswortli. north of Cloncurry, in Queensland, a distance of approximately 1500 miles.

Casks Casks Casks Stocks . 1518 1167 1322 Imports ... 645 242 561 Deliveries 466 593 406

Copper— May 8 Per ton. £ s d May 9. Per ton. £ s d Standard, spot 32 4 41 32 1 3 Standard, forward 32 8 9 33 4 44 35 5 0 35 15 0 to 35 10 0 36 5 0 Wire bars 35 10 0 36 5 0 Lead — Spot 11 1 3 11 1 3 Forward 11 8 9 11 7 6 Spelter — Spot 14 16 3 14 18 9 Forward 15 2 6 15 5 0 Tin— •fSpot 235 6 3 235 17 6 Forward 232 1 3 232 12 6 Silver — Standard, per or. . Fine 19id 20 5-8d 19 13-16d 21 3-8d

N.Z. GOVT. LOANS— £ s. d. £ s. d. 4 p.c. Bonds, 1940 ...104 15 0 — 4 p.c. ditto, 1946 104 10 0 — 4 p.c. ditto, 1949 104 10 0 — 4 p.c. ditto. 1955 106 10 0 — 5 p.c. ditto, Rural, 1947 101 0 0 _ 3j p.c. Ins. Stock, 1939-43 103 10 0 _ 5i p.c. ditto, 1939-52 ...104 15 0 — p.c. ditto, 1938-43 ...103 15 a — 3j p.c. ditto, 1938-52 ...104 15 4 p.c. ditto, 1940 105 0 0 106 0 0 0 105 5 0 4 p.c. ditto. 1946 104 10 0 — 4 p.c. ditto, 1949 104 10 0 — 4 p.c. ditto, 1955 106 10 0 — DEBENTURES— Dunedin City .' 102 0 0 Well. Harbour Bd. ... — 106 10 0 Makerua Dge. Bd., 6 p.c., 1946 Neition, 5J p.c., 1940 ... — 102 5 0 102 10 0 Wellington. City 100 10 0 — Well. Gae Co 101 0 0 — Well. Racing Club ...100 0 0 — Amid. Brick and Pipe, Wellington — 90 10 0 Gisborne Gas 80 0 0 — Booth McDonald, 63 p.c., 1937 60 0 BANKS— Australasia — 0 12 15 0 Comrcl. of Aust., ord. 0 16 8 0 16 11 Coinrcl. Banking Co., Sydney 17 15 0 18 2 6 Eng., . Scot, and Aust. 5 8 National of N.Z — 0 — 4 5 0 National of Australasia. £10 paid — *13 10 0 Ditto, £5 paid *6 6 0 6 10 0 New South Wales ... *33 0 0 33 5 0 New Zealand *2 11 0 2 12 0 Ditto, D, long term *1 14 4 1 14 7 Union of Aust 9 18 0 10 1 6 FINANCIAL— Abraham and Williams, ord 2 8 0 3 0 0 Ditto, pref 4 0 0 — Equitable Building ... 1 15 0 — Goldsbrough Mort and Co 1 13 4 1 13 10 N.Z. Guarantee Corp. 0 4 2 0 4 3 N.Z. Loan and More., ord. stock 50 0 0 Well. Invest., T. & A. 0 6 9 0 8 b Well. Trust, Loan ... 4 15 0 — Wright, Stephenson, pref 0 18 3 _ General Finance — 0 19 0 GAS— Auckland 1 5 3 Ditto, contrib — 0 18 9 Christchurch 1 9 6 — Gisborno 0 7 3 — INSURANCE— Aust. Prov. Assce. ... 0 10 3 National of N.Z *0 19 9 — Now Zealand 3 0 4 — Queensland 3 8 6 — South British 3 18 9 — Standard 3 1 9 3 2 3 MEAT PRESERVING— Gear Meat — 1 9 1 N.Z. Refrig., £1 paid 0 17 9 0 18 6 Ditto, 10s paid 0 8 6 — Southland 3 4 0 3 7 0 Ditto, contrib 1 12 0 1 15 O' Ditto, pref — 3 8 0 Well. Meat Ex., ord. 0 5 6 — TRANSPORT— Union Steam, pref. ... 1 5 9 WOOLLEN— Kaiapoi, fully paid ... — 0 10 3 Ditto, contrib. • — 0 3 3 COAL— _ Pukemiro 1 4 0 1 5 0 Taupiri 0 15 9 — TIMBER— Kauri 0 16 0 0 17 6 Leyland-O’Brien 1 1 3 1 2 3 BREWERIES— Carlton 2 5 0 N.Z. Breweries 2 2 0 — Staples and Co. — 1 8 6 Tooth and Co 2 4 0 2 4 7 Tooheys 1 9 0 — MISCELLANEOUS— British Tobacco, Aust. 1 17 0 1 17 6 Colonial Sugar — 64 10 0 Dental and Medical Supply *0 6 6 0 8 0 Dominion Investments 1 11 6 — Dunlop Perdriau 0 18 0 0 18 10 Electrolytic Zinc, ord. 1 6 4 1 7 0 Ditto, 8 p.c., pt. pref. — Henry Jones Co-op. ... 1 11 1 14 0 8 Howard Smith, ord. 0 13 3 0 15 4 N.Z. Drug 3 15 0 — N.Z. Newspapers — 1 10 6 Prestige, N.Z., pref. 0 18 6 0 19 6 Sharland and Co., ord. *1 3 0 — Ditto, prof *1 3 3 1 5 3 Well. Queen’s Theatre — 1 0 9 Wilsons, N.Z., Cement 1 7 3 Woohvorths, N.Z., ord 5 17 6 Dominion Rubber — 1 5 3 N.Z. Malay Rubber, ord — 0 5 0 OIL— Mot.uroa, ord —- 0 4 4 Taranaki 0 1 9 0 2 0 MINING— Bell Hooper 0 0 8 Boll Kilgour 0 0 4 — Big River • — 0 0 11 Blackwatc'r 1 12 0 1 16 0 Consol. Goldfields .... — 0 19 9 Golden Point 0 0 2; King Solomon 0 4 3 — Mahakipawa 0 0 10 — Mntaki 0 1 7 — Mount Lyell — 1 3 6 Nokomai 0 2 6 0 3 0 Okarito 0 8 3 Waihi 1 14 9 1 15 6 Waihi Grand Junction — 0 5 0 Waitahu 0 4 6 Skippers. Is paid 0 1 01 Ditto, 9d paid 0 0 9 0 0 10 Talisman Duhbo *0 14 0 0 15 C *Cum. dividend. +Ex di\ idend.