FARMING NOTES.

Manawatu Standard, Volume LIV, Issue 289, 3 November 1934, Page 5

FARMING NOTES.

RURAL RAKINGS.

Wright, Stephenson and Co., Ltd., and Abraham and Williams, Ltd., have received cabled advice from their Bradford agents regarding the tops market as follows: — Merino tops are id up and crossbred tops arc hardening. There is a good deal of inquiry and a moderate amount of business is passing. Consumption is increasing. Shearing is now well forward in the Gisborne district and some of the backcountry sheds are commencing a little earlier than usual in order to avoid bidibidi, which may be showing up earlier in view of the dry and hot weather experienced. The clip this season should be a particularly good one. It is well grown and, as a result of the mild winter, is free from breaks.

Hawke’s Bay is in need of rain, and a good soaking at that. In many parts of the district the feed is drying off, particularly in the high country, states the Poverty Bay Herald. Gisborne pastures still contain plenty of feed, which Has been freshened during the past few days by showors, which, however, did not penetrate much beyond t.hc surface. Gisborne, too, needs a soaking rain. “South Island pastoralists whom I have seen recently have too many weeds among the crops. Whin, or gorse as you call it here, is very beautiful in the landscape, but in the Homeland it would be considered a veritable nuisance. It is, of courso, valuable for the protection of stock during storms, and is quite appropriate therefore, in hedges, but it should not be allowed to fill the paddocks as is Ihe ca9e frequently.” So said Dr T. Oliver, visiting Scottish technologist, in an interview in Wellington.

MONEY MARKET.

BANK OF ENGLAND RETURN

LONDON, Nov. 1. The following is the Bank of England return: — ISSUE DEPARTMENT. £

Note issue in circulation ... 378,369,499 ... 73.631.688 £452,001,187 £ Government debt 11>015,100 Other Government securities ... 244,980,549 Other securities Silver coin 2,944,044 Gold coin and bullion 192,001,187 £452,001,187 BANKING DEPARTMENT. £ Proprietors’ capital Rnsi. 3,140,255 Public deposits dn’ain’lin Other deposits, bank Other accounts 39 ’ 81 ?’^c Seven day and other bills 5,04U £174,823,562 Securities — £ Government ®2’qo?’oq7 Discounts and advances °,9tU,2yt Securities NJnfnc 73,001,000 Gold coin and silver coin 648,837 £174,823,562 Proportion of reserve to liabilities, 47.20 per cent., short loans f per cent.; tnree months’ bills 9-16 per cent.