FARMING AND COMMERCIAL

Manawatu Standard, Volume LVI, Issue 168, 17 June 1936, Page 8

FARMING AND COMMERCIAL

KABBITSKIN SALE. GOOD PRICES AT WELLINGTON. The combined brokers, New Zeahmd Loan anti Mercantile Agency Co.. Ltd., Wright, Stephenson ana Co., Ltd., and Dalgety and Co., Ltd., held their .second rabbitskin sale or the season at I Wellington yesterday, when they offered a large catalogue comprising mainly I autumns, incoming and winter skins, j to a full bench of buyers. Competition 1 was again extremely vigorous, and the market as compared with the previous sale hold on May 15 can be quoted as par to slightly easier for lower grades, with incoming and winter skins showing an improvement of from 3d to 9d per lb. A line of prime winter bucks realised 130 d per lb; first bucks sold up to 1214:1; first does, 73d; first incoming, 90id; and autumns, up to 80d. The following is a range of prices realised:—Small, 15d to led; runners, to 264 d; light racks, 34d to 36id; prime racks, to 364 d; summer bucks, to 32d ; summer does, to 284 d; milky, to 244 d ; autumn bucks, to 60d ; autumn does, to 43d ; dawny autumns, to 40id ; second autumns, to 544 d; early autumns, 57d to 58d ; late autumns, 78d to 80d ; second incoming, to 764 d; first incoming, to 904 d ; third broken, second broken, first broken, 24d to 44Jd ; summer and spring F.S. and 8.5.. autumn F.S. and 8.5., incoming and winter F.S. and 8.5.. 24jd to 644 d ; spring bucks, 50d to 52d ; spring docs, 40d to 424 d; summer black, to 24R1 ; autumn black, to 48d ; incoming and E.W. black, to 544 d ; winter black, to 6G4d; hares. 224 dto 244 d; spotted bucks, to 81d; spotted does, to 52d; winter bucks, to 102 d; winter docs, 62d to 63d ; first knocks, to 1214 d ; first does, to 73d; prime bucks, to 130 d; second early winter, 70d to 71 d; early | winter bucks, to 1104 d; early winter ( docs, to 74Jd; summer weevilly, to ( 204 d ; winter weevilly, 25d to 30d.

WELLINGTON MARKET. FRUIT AND VEGETABLES. WELLINGTON, June 17. Prices of fruit, vegetables and other produce in the Wellington markets this week are quoted as follow: Apples.—Cox’s Orange, 4s to Gs Gd per bushel case; Dunns, 2s Gd to Gs Gd ; Jonathans, 2s Gd to 4s; Ballarats, 4s to 5s Gd ; Delicious, Gs to 4s Gd ; Granny Smith, 4s to Gs; Stunners, 2s Gd to 4s; \t nshingtons,. Gs to 4s Gd. Pears, Winter Coles, 5s to 8s Gd per threequarter case; Winter Nelis, 4s to Gs; cookers, Gs Gd to 5s Gd ; Keiffers, os to Gs; P. Barry,, os to Gs. Poorman oranges, 8s to IBs per bushel. Passion fruit, 10s to los per box. Tomatoes, hothouse, 1« to Is 2d per pound. Tree tomatoes, black, 5s to Gs per half case; red, 3s Gd to 4s Gd. L emons: Cured, 12s to IGs per bushel; others Gs to 10s. Beans. —French H.H., lOd to Is per lb. Potatoes, 6s to 8s per cwt. Kumeras. large, 7s Gd'to 10s per bag; others, 4s to Gs. Celery, 7s to 11s per case. Cauliflowers, 6s to 11s jrer sack. Cabbage, Gs to Gs Gd per sack. Sprouts, 7s to Os Gd per sugar-bag. Lettuce, 6s to 11s Gd per case; others, Is to 4s, .Spinach, 8s to 12s per case; others, Gs to Gs. Swedes, 2s to 2s Gd per case. Pump kins, 4s to Gs per sack. Parsnips, 2s Bd to Gs per case. Carrots, Is Gd to 4s per case. Beetroot, 4s to Gs 9d pel uise. Leeks, 3d'to 8d per bunch. Rhubarb, 5s to 14s per doz bunches, Onions, Is to 7s per cental bag. Eggs.—Freeh, hen’s, A grade, 2s Id ier dozen; medium, Is lid; preserved, Ls Gd. Walnuts, choice, 4d to Gd per lb. AUCKLAND MARKETS. AUCKLAND, June 16. Since last week the potato market ins firmed up and quotations at £8 7s id per ton through store are 10s per on dearer than they were a week ago. i’o-day’s shipment is a light one, and it is expected that before the end of the week merchn.nts will have reduced stocks. The. latest reports from the south indicate firmness at the producing end. There is a good demand at present for seed lines, and early sorts I are having a satisfactory turnover. The onion market is still being satisfied with supplies from Pukekohe, and prices are unchanged a.t 8s 6d per cwt. Fowl wheat is offering more freely from the south, and merchants' have lowered their charges Id per bushel to 5s lid for graded lines, ungraded being from Id to 4d less. The maize market is still chiefly supplied from South African purchases, though small consignments of new sonson’s local are now coming forward. Not being fully matured, tliev sell at a discount of 3d per bushel. STUD SOUTHDOWN EWES. SHIPMENTS TO AUSTRALIA. Two consignments of stud Southdown ewes left recently for Melbourne by the Wanganella, and arrived at their destination in excellent condition. Included in the shipment was a particularly fine line of 100 mixed aged stud Southdown ewes mated with stud Southdown rams, selected from the Wairarapa flock of Messrs A. and J. Gray, “The Grange,” Masterton, for a Melbourne buyer. A consignment also left by the same ship for a Melbourne buyer of 55 mixed-aged stud Southdown ewes mated with stud Southdown rams from the flock of Mr H. B. Stuckey, Mangackei, Dannevirko. ‘ SYDNEY WOOL SALES. JAPANESE NOT BUYING. SYDNEY, June 16. At the wool sales to-day 8323 bales were offered, of which 5200 were sold at auction; also 900 bales were sold privately. There was good competition, chiefly from the Continental and Yorkshire sections. The market was firm at the previous day’s rates. Withdrawals were heavy owing to the reserves. The Japanese again looked on without operating. A line of greasy Merino sold to 21 cl

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES. Brisk trading accounted for another good turnover on the Wellington Stock Exchange yesterday, industrial and trading issues being the most favoured and active. Government loans were steady, and several good parcels were transferred at about late rates. No interest was shown in local body and company debentures, which were not quoted. Bank of New Zealand showed a weak tendency. Business was done at 435, and buyers stayed in ,at 42s 6d, the lowest figure quoted for a long time; the 1) mortgage issue was wanted at 276 9d. Union of Australia eased to £9 Bs, sellers £9 12s (3d. Commercial of Australia sold at 19s 2d and more were wanted at 19s Id. South British Insurance firmed to business at 91s, and buyers stayed in at that price. Other insurance issues showed a firming tendency. Taupo-Totara Timber were firm on dealings at 10s to 10s Id. Dominion Breweries sold at 20s (3d. Other shares showed little or no change. YESTERDAY’S QUOTATIONS.

The latest buying and selling quotations recorded yesterday on die Wellington Stock Exchange were as follow: — Kollnrs.

Y ESTER D A V ’S SA LES. Wellington.—lnscr. Stock, 4 p.c., 1937-40, *£lo2 12a Od, 4 p.c., 1943-46 (2), £lO4 ss, 4 p.c., 1952-55, *£lo4; Comm. Bank, Aust, 19s 2d; Bank of N.Z., £2 3s; South British Ins., £4 Ils; Huddart, Parker, £1 10s 9d: Tau.po Totnra, *los, JO.s, 10s Id; Dominion Breweries (2), £1 6s 6d ; Australian Glass, *£4 13s 0d ; Broken Hill Pty. (2), £3 13s, £3 12s 6d ; Dominion Fertiliser, £1 ss; G. J. Coles. *£4, *£3 19s 104(1, £4. £3 19s 9<l; Mossy Creek, Is 4pl ; Mount- Morgan (2). 15s 10d, 15s 10Yd, (2), 15s 9d, 15s Sd. ‘Late sale Monday.

Auckland.—lnscr. Stock, 3j p.c., 193841, £lOl os. 4 p.c.. 15/2/46. £lO4 os; Auck. Harbour, 4J p.c., 9/7/42, £194 10s; Auck. Transport, 4J p.c., 1944-52. £104; Union Bank, £9 J2«; South British Ins., £4 Ils (id ; N. Auck. Farmers, B prof., Ils Od; Northern Steam. ss; Dominion Breweries. £1 6s 6d; Anthony Hordern, 18s 6(1; Australian Glass, £4 12s 6d: Byeroft. £2 Is fid; Consolid. Brick, 10s; Gen. Motorslloldens, prof., £1 3s 3d; Henrv .loncs, £2 0s 9d; Moris Dock (2). 10s: Peters 100 Cream (N.Z.), £1 4s 6d ; Wilson’s Cement (2). £2 4s 9d ; Mount Lyell, £1 4s 6d ; Golden Crown, 8s sd. Christchurch. —Com. Bank Austr. (4), 19s 2d; United Building Socv. (2). £1 Is 3d; N.Z. Refrigerating (3), £1; X.Z. Breweries (3), £2 12s; Australian Glass, £4 13s. £4 12s 9(1; British Tobacco (2). £2 Is; Broken Hill Pptv. (2), £3 12s 7d, (2), £3 12s od, £3 12s Id, £3 12s; Dorn. Builders Supplies, 6s; Hume Pipe (Aunt,), (2). £1 0s sd; Kauri Timber. £1 3s 7d; Wilcox Moffiin, Ils 3d; Alexander Mines. 15s paid, 14s 2d; Mahakipnwa., id: Waimnmu, O/d ; Mount Lyell (2), £1 4s 4d : Mount Morgan. 15s Bd. 15s 7d. 15s sd. Sales reported: —Huddart, Parker, £1 16s 9d; N.Z. Breweries. £2 11s lOd ; Broken Hill Pptv., *£3 13s 2d; Hume Pipe (Aust.), (2). £1 0s 7d; Mount Lyell, £1 4s Id; British Tobacco, £2 Is 3d; Alexander Mines, 15s paid, 14s 2d; Waimumu, 7d ; Mount Morgan, 15s 9d. *Lato sale Mondnv.

Dunedin.— Inscr. stock. I p.c.. 103740, £lO2 ]o.s; Comm. Bank Aust., 19s 2d; National insurance (2), 18s 4d; Wcstport-Ntoekton, pref.. 2 s lid; | Broken Hill Ptv.. £3 J3s 3d, new issue. 1 Jos paid. £2 10s 3d; Dominion Fertiliser, £1 5s 3d; Dunedin Stock Exchange, £2 ss; Mount Morgan, 15s 8d ; tipper Wa.tut, 7s; Emperor Mine. 13s 3d. FOREIGN EXCHANGE. ON NEW ZEALAND CURRENCY BASIS. The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange yesterday ; New Zealand Buying. Selling, on London —

T.T. represents telegraphic transfers. 0.1.). represents on demand transactions. The above rates are subject to alteration without notice. The Associated Batiks (other than the Bank of Now South WoIob) quoted the following dollar rates yesterday on a New Zetland currency Imsis. They are subject to alteration without notico. U.S.A. Canada. (per (per £1 N.Z.) £1 N.Z.) Selling— dols, dols. T.T 4.033 4.04 j O.D 4.04* 4.06 Buying—

3 O.D 4.08| 4.09 i N.Z. POUND AjjuoAD. 5 Based on the figures quoted by the Bank of Now South Wales, the New Zoa j land pound, compared with its original j par va.ue, is equivalent to approximately: 3 16s Id :n London. ) £l Os Id in Australia, i 16s 7d in U.S.A. ) 16s 7jd in Canada. i 9s in France. i 9s 9d in Germany. > 9s in Java. ) £1 7s 10id in Japan. ! FARMING~~NEWS. RURAL R A KINGS. Average butterfnt prices quoted by Hon. Walter Nash in Parliament included season 1917-18 24 4<l a lb. In the season the Wailiou Valley Dairy Company (Te Arolia AVest), paid out 2s 10Jd per lb butterfat, lOd above the butter average. The other day it was noticed that a farmer had grown white carrots for his winter pig food. The carrot is certainly the best root to feed for pigs, but the red carrot should always be used especially for the winter months, says an exchange. At this time of the year, when there is very little good grass available, vitamins are scarce, or not available at all, and the red carrot is about the only vegetable that contains vitamins, except, that is, tomatoes, and tomatoes are hardly a pig food. The red carrot is a good source of all the vitamins, but the white carrot only eontains vitamin U, and not a very nigh percentage of this. DAIRY PRODUCE. MARKETS QUIET. Joseph Nathan and Co., Ltd., have received from London the following cabled advice, dated Juno 15:—New i Zealand butter, 109 s per cwt.; quiet. New Zealand cheese, 60s per cwt.; 1 quiet.

N.Z. GOVT. LOAN'S— £ s. d. £ s. d. 31 ti.e. Inscr. Slock, March, 1939-43 — 103 0 0 3* p.c. ditto, Sent., 1939-43 — 103 0 0 p.c. ditto, 1938-52 . .102 10 0 103 0 0 32 p.c. ditto, 1939-52 . — 103 0 0 4 p.c. ditto, 1937-40 . .102 10 C — 4 p.c. ditto, 1943-46 . .104 2 6 104 10 0 4 p.c. ditto, 1936-49 . • 104 5 0 4 p.c. ditto, 1952-55 .. — +104 10 0 33 p.c. Bonds. 1938-41 100 17 6 — 4 p.c. ditto, 1937-40 .. 102 10 0 — 4 p.c. ditto, l943-4b .. 104 0 0 — 4 p.c. ditto, 1946-49 .. . 104 12 6 4 p.c. ditto, 19611-66 ... — +104 10 0 BANKS— Australasia 11 13 0 12 0 0 Oomrcl. of A list. 0 19 1 0 19 2 Dug., Scot, and Aust 6 4 0 — National of Australasia, £5 paid — 7 7 0 New Zealand +2 2 6 2 3 3 New South Wales — 32 10 0 Ditto, I) long term .. +1 7 9 — Union of Allot 9 8 0 9 12 6 I-I.NANCIAI Kquitable Bdg. Co. . 0 10 1 0 11 11 Ooklsbioush, Alort and Co n n 6 1 12 3 N.Z. Guaraulco Corp 0 5 3 0 5 8 N.Z. Invest., Alort. and Deposit — 0 9 3 Well. Invest., T. & A. — 0 9 6 Well. Tniist. Loan 5 4 0 — Wright, Slcplicusoti, ord — 0 19 9 Newton King. prof. ... — 0.93 GAS— Cln'istelimeli 1 12 6 — Gisborne *0 7 0 — Napier, con t rib Wellington, ord 5 0 0 — 2 0 0 2 1 6 INSGRANCUNational of N.Z 0 18 3 — - New Zealand 3 3 6 — Queensland 2 19 9 — South British 4 11 0 — Standard — 3 4 0 M KAT I’ltKSLRVINU — Gear .Meat *1 0 0 N.Z. Refrig.. 20u paid 0 19 10 I 0 6 Ditlo, 10s paid 0 9 8 TRANSPORT— Huddart. Barker, ord. 1 16 3 — Ditto, pref 16 0 1 8 0 WOOl.LliN— Bonds Hosicrv .Mills 0 18 9 0 19 0 Kaiapoi. ord — 0 15 9 .Manawatu -- 1 18 0 Oamaru — 1 1 3 COAL— Grev Valley 0 10 0 — Taupiii — 0 18 0 Westport-Stoekton, pref 0 2 6 Renown 0 10 0 — II MBI4R— Kauri — 1 4 3 Lovland-O'Bricn 1 2 3 I 3 0 Taringamntu 0 9 9 Taupo Totara, ord. .. 0 10 0 — UR 14 W KHIKS — Carlton 2 16 0 Dominion *1 6 4 N.Z. Breweries 2 12 2 212 a Tooth and Co. 2 12 0 — Tui 2 3 0 — MISCKI.LANKOUSAntlionv Hordern — 0 13 8 Ansi. Glass — *4 13 0 British Tobacco *2 0 11 2 1-3 Broken Hill Dly 3 12 0 3 12 6 Ditto, oontrib 2 9 6 2 10 6 Burris, Phiip and Co. 3 12 0 — Colonial Sugar 17 6 12 0 0 Con. Brick and Pipe 0 9 8 0 10 4 Den. and Med. Slip. 0 11 6 ‘

Dominion It'crlilieer ... 15 0 D.J.C., orcl Dunlop Pcrdriau 0 15 6 0 17 6 0 17 10 JSloctroly ticj Zinc, ord. 1 18 6 2 0 3 Ditto, 8 p.c. pt. prof. 2 1 0 General Industries ... — 0 19 5 G. J. Coliv» 3 19 0 3 19 & Howard Smith, ord. 0 19 6 X.Z. Drug 3 19 0 4 0 0 X.Z. Paper .Mills — 1 8 6 J’roccra Broad, vendor • 1 12 0 Sharland and Go., ord. 116 United Provisions ... 0 14 4 0 14 6 Wilsons N.X., Cement — *2 5 6 Woolwortlis X.Z., ord. *9 8 0 9 10 0 Dillo, prof — 1 17 0 Ditto, Ltd., 2nd pref. 1 0 0 1 0 9 W ellirigton Cordage .. 0 10 0 UonagTiv's Kopo MIXl'Xu— 2 11 0 Argo 0 1 ?2 0 1 9J Alexander. 0 14 6 Ilif, r River 0 2 0 Jinan Born 0 0 5 Martha 0 19 6 Mossy Creek 0 1 3i Talisman Dnlilio 0 10 3 Waihi Grand Junction 0 3 6 Antonios 0. 0 8 .Mount Lvcll *1 4 Mount Morgan 0 15 5 0 15 9 Bundi Tin o 16 n T'lim dividend. tK.v dividend.

£N.Z. to iisty.100 ... T.T. 124 .124/10/0 Australia— £ A to £N.Z O.L). 123/10,0 124/8/9 100 T.'l . 101 100/10/0 Fiji— £1\ to £.\.Z U.D. 101 100/10/0 100 T.T. 90/7,6 89 New York— Dollnr to £1 O.D. 90/7/6 85 N.Z T.'l 4.07| 4.03? Montreal — Dollar to £1 O. IT 4.03S 4.04a N.Z T.T. 4.03 4.04a France— Fra nos to £1 O.D. 4.09j 4.05 N.Z T.T. — 61.16 Hong-Kcrig— N.Z. pcrif'o O.O. 61.20 to 1 dollar .. T.T. IB 25-64 19 57-64 Japan— N.Z. pence 0.0. 18 19 64 19 55-64 to 1 ven T.T. — 17 21-32 Slianaliai — N.Z. pence O.D. 17 41-64 to 1 dollar .. T.T. 17 5-32 18 17-32 O.D. 16 31-32 18 33-64