FARMING AND COMMERCIAL

Manawatu Standard, Volume LVI, Issue 169, 18 June 1936, Page 5

FARMING AND COMMERCIAL

THE STOCK MARKETS. . \ ADDINGTON SALE. Per Press Association. CHRISTCHORCH, June 17. Smaller entries at to-day's Addington market resalted in a firm sale for all classes of stock. Store sheep: Only 1700 were penned, about half being ewes. Six and eight-tooths sold to 265, soundmouthed to 22s 3d, and f.m. ewes to 19s 3d. A pen of ewe lambs made 25s 6d, and forward wethers 23s 3d, in a very firm sale. Fat lambs met with a very keen sale, with a slight appreciation on export schedule, the freezing trade buying freely. Fat sheep.—An entry of 4250 met with a very keen demand, light ewes being up by Is a head, with other sorts firm at late rates. Best wethers made from 28s to 345; average, 24s to 275; best ewes, 23s to 28s; average, 18s to 21s.

Fat cattle.—A very small yarding of 320 head with an advance of 20s a head. Primest steers, £lO 10s to £l3 17s 6d; good medium weights, £8 10s to £10; best cows, £8 to £10; average, £6 to £7; best heifers, to £lO 10s; average, £5 10s to £7 10s. Best beef made from 27s to 30s a lQOlh; good, 25s to 26s 6d ; medium, 22s to 245. Fat pigs.-—A small entry of both porkers and baconers and a slight advance in values. Choppers 25s to £4 Is ; baconers, 52s 6d to £4 (average price per lb, 5Jd to 5Jd, porkers, 26s 6d to 42s 6d (average per lb, 5Jd to s|d). JOHNS ON VILLE VALUES. Good yardings were forward at the Johnsonville stock sale held yesterday by Wright, Stephenson and Co., Ltd., and Abraham and Williams, Ltd. The bullocks comprised chiefly mediumweight cattle with a few pens of heavyweights. Prime cattle met with a good sale, while unfinished bullocks were hard to sell even at prices considerably lower than those ruling last week. The yarding of cows and heifers was of good quality, prices for station-bred cattle being firm on late rates, while cows ex dairy were os to 10s easier. There was a good demand for well-finished vealers; plain sorts and small calves were 2s 6d to 5s easier. Sheep: Only a few pens of well-finished wethers came forward ; these met with a ready sale, prices showing no alteration. The balance of the yarding was of very indifferent quality, which met with a dragging sale. The raiding of ewes comprised mostly heavyweight sheep with a few pens of light weights. Prime heavy ewes met with a good demand at late rates, but unfinished and plain were slightly easier. Owing to the poolquality there was little demand for lambs, the majority of the yarding being passed in. Sheep.—Prime extra heavy withers, £l2 Bs. £ll 9s, £ll 15s, £ll 11s, £ll 7s, £ll Is; prime heavy, £lO 17s 6d, £lO 14s, £lO 12s, £lO 10s, £lO 8s 6d; medium, £lO ss, £lO 2s, £lO, £9 17s 6d, £9 15s; light and unfinished, £9 12s, £9 55,. £8 17s ; extra prime heavy cows and heifers, £8 Is, £7 18s, £7 15s (single); prime heavy, £7 12s 6d, £7 Bs, £7 ss, £7; cows and heifers, £6 18s, £6 15s, £6 12s, _ £6 12s 6d; cows ex dairy, £5 16s, £5 10s, £5 ss, down to £2 17s 6d; runners, £5 ss, £4 18s 6d, £4 Iss, £4 12s, £4 ss, £3 12s, £3 ss; vealers, £2 18s, £2 15s, £2 12s, £2 ss, £2. Sheep.—Prime exery heavy wethers, 30s, 29s 3d, 28s 6d; prime heavy, 27s 6d, 26s lOd, 26s 6d; medium, 25s 9d, 255; prime extra heavy ewes, 24s 6d, 24s 2d. 23s 9d, ;23s 6d; prime heavy, '23s 3d, 22s 9d, 22s 6d; medium, 21s lOd, 21s 6d, 21s; heavy hoggets, 26s 2d, 25s 3d, 24s 9d; light, 24s 3d to 22s lOd; lambs, 22s 3d, 21s lOd, 20s, 18s 6d.

LEVIN SALE. There was the usual attendance of buyers at the Levin sale. Prices: — Pigs: Weaners, 3s to 4s 6d; light stores, 12s 6d to 14s; heavy, 14s 6d, 15s 6d, 17s to 22s 6d; light pork, 25s to 30s; medium, 30s to 355; heavy, 36s to £2 3s; baconers, £2 10s to £3; choppers, 30s to £2 10s. Sheep: Prime fat ewes, 21s 9d, 22s 6d; fat lambs, 18s to 20s; prime, 21s 6d to 22s 6d. Cattle: Fa't cows, £3 ss, £4; heavy, £4 to £4 15s; extra heavy, £5 to £5 2s 6d; vealers, light, £2 to £2 7s 6d; better types, £2 12s 6d to £3 10s; runners, £3 15s to £4 ss; bulls, £3 15s to £4 12s 6d; store cows, 16s, 255, 32s 6d, £2 13s to £2 15s. Dairy cattle: Springing cows, £4 17s 6d, £5 ss; springing heifers, £4, £5 10s to £6 10s; cows in milk, £3, £3 los to £4. STORTFORD LODGE SALE. Per Press Association. HASTINGS, June 17. Prices of bullocks at Stortford Lodge to-day wer fully 10s a head easier. No extra heavy prime lots were offered. Medium prime made £9 16s, and others £8 5s to £9 os. Prices of prime medium heavy cows showed little change. Unfinished sorts were slow of sale, but made fair prices. Medium-weight heifers made £7. The store sheep section included several good station-bred lines, Waipo-jpoa two-tooth ewes running with Southdown rams making 35s lOd, and five-year ewes 28s lOd. Te Apiti made the same rates, and for aged ewes 28s lOd; four-tooths in lamb to Southdown rams, 33s 6d; shorn wether hoggets, 19s 3d. Aged breeding ewes made good sales. There was an absence of big pens of travelled withers which Lnve""featured late sales. Heavy rain prevented the entries from showing to good advantage. Fat theep showed little change. Heavy prime wethers made to 26s 6d; medium heavy ewes, 21s 6d; light, 18s 9d. Lambs, largely light, second quality, ranged from 19s 6d to 20s 6d. WESTFIELD MARKET. Per .Press Association. AUCKLAND, June 17. There was a firm tone at the weekly fat stock sale at Westfield. The quality of'the ox beef was not up to,, the usual standard, but bidding was spirited and values were firm. Extra choice ox beef made to 27s a 1001 b.; choice and prime, 24s to 265; secondary and plain, 20s to 235; prime young cow and heifer beef, 23s to 265; ordinary cow beef, 18s to 225; extra heavy prime steens, £l2, 5s to £l3 10s; heavy prime, £ll 5s to £l2 2s 6d; lighter prime, £9 15s to £ll ss; light nrime, £7 10s to £9 10s; plain and small, £5 10s to £7 ss; extra heavy prime young cows and heifers, £7 10s. to £8 10s; Heavy prime, £b 5s to £7 7s 6d: lighter, £u to £6 2s Gd; light, £3 16s to £4 17s 6d; aged and plain, £1 15s to £3 10s. Wethers were fully firm on last week's rates, while ewes* were from Is to 2s better. Heavy prime wethers, 29s Gd to 30s 3d; medium prime, 28s to 29s 3d; light prime, 2os to 2/s 9d; small and unfinished, 20s to 24s 9d; heavv prime ewes > 23s to 2^s; medium prime, 21s to 22s 9d; light prime, 1/8 to 20s 9d; inferior, 5s up. Lambs: Heavv prime, 24s to 25s Gd: medium prime, 21s Gd to 23s 9d; light prime, 18s to 21s; unfinished, 12s to 16s. Pigs.—Heavy prime baconers, k,6 15s to £4 3s; medium, £3 Gs to £3

lis; light, £2 16s to. £3 2s; heavy porkers, £2 6s to £2 10s; medium, £1 15s to £1 18s; light, £1 9s to £1 12s. Baconers averaged 53d to Gd per lb., and porkers 5d to 5Jd. BURNSIDE SALE. Per Press Association. DUNEDIN, June 17. For the double market at Burnside, held because of Show week, the quality of the cattle was poor, the top price for the sale being £lB 2s 6d. On account of the insufficient supply all classes of beef sold fairly well, values obtained finning fully 30s per head on previous markets. Extra prime show bullocks made up to £lB 2s 6d; prime heavy, £l2 to £l4 12s 6d: medium, £9 10s to £ll 2s 6d; lighter and unfinished sorts down to £B. Extra prime heavy show lambs brought up to 335; prime heavy, 24s to 28s; medium, 22s to 23s 9d. The sheep market opened brightly, all grades showing an appreciation of 2s a head, but prices eased again at the conclusion. A specially good pen of show wethers topped the market at 425. A yarding of 210 fat pigs was 'disposed of at satisfactory prices, up to £4 16s being obtained for heavy baconers. Porkers sold from £2 5s to £2 l4g according to size and quality. SALE OF PEDIGREE JERSEYS. The New Zealand Farmers' Co-op-erative Distributing Co., Ltd., report a sale of pedigree and grade Jerseys, held on account of Mr P. R. Simpson, Makino. Owing to the very rough weather there was a small attendance. Although the bidding was inclined to drag, the prices realised were fairly satisfactory, and compare favourablv with recent sales of similar cattle. The average price worked out at 10 guineas. Quotations: Young cows, best, lOgns., llgns., 12}gns., to 15gns.; older cows, 6gns., 7gns., Bgns., to 9gns. ; unsound, sgns. to Bigns.; 2-yr. heifers, 6gns. to lOgns.; grade cows, £8 10s, £9 to £lO ss; 2-yr. bull, Wairua Carbineer, 18 gns. CLEARING SALES. Abraham and Williams, Ltd., re- ' port a most satisfactory sale on Monday last on account of Mr A. F. Jeff- ' eries Bunnvthorpo. The cows and ! heifers came forward in splendid conidition and although prices realised were not exceptionally high competition remained firm right throughout. A quantity of sundries sold at late rates. Quotations: July-August calvers, £6, £6 10s, £6 15s, £7, £7 ss. £7 10s, to £8; later calvers, £4, £4 ss, £4 10s, £4 15s, £5, £5 5s £5 10s; a line of seven heifers realised hi os. Abraham and Williams, Ltd., report on a clearing sale of dairy stock and horses held on account of Mr H : V\ . Hall, of Ashhurst:—lt was a highly satisfactory sale; the cows, althoiigu being chiefly September and October calvers, were a typey lot' Competition right throughout was,keen, witn values realised proving very satisfactory to the vendor. The three horses submitted also sold freely. Quotations: August calvers £6 £Gos, £0 10s, £6 15s, £7, £7 ss, £7 10s £8 to £8 ss; September and Octobei calvers, £4, £4 10s, £5, £5 ss, £slos, £5 15s, £6 to £6 10s; heifers £4 ss, £4 7s 6d, £4 10s, £4 15s, £4 17s. 6d, £5 ss, £5 7s 6d; rising 2-yr. filly, £24 ss; 1 rising 2-yr. gelding, ill ss; 1 2-yr. gelding, £l3 ss. DAIRY~PRODUCE. BUTTER MARKET SLOW. Joseph Nathan a.nd Coy., Ltd., have received from London the following cabled advice, dated June 16:—New Zealand butter, 106 s per cwt Slow. W. Weddel and Co., Ltd.. report dated London, June 16:—Both markets weak. Butter: Danish, 116 s New Zealand finest, 106 s. Karangoo finest, 106 s. Cheese: New Zealand white a.nd coloured, 60s. The New Zealand Producers Co-op-erative Marketing Association's weekly cabled market report from London, dated June 16. is as follows: —Butter market firm. New Zealand, 10is to 108 s; Danish, 116 s. Cheese market firm. New Zealand white and coloured, 60s. FROZEN MEAT. The N.Z. Farmers' Co-op. Distributing Coy. Ltd.. advise tha.t the following cable has just been received from London:—"Lamb, demand well maintained, prices firm. Average prices: Down twos, 7id, 7*d; 6R ;d; fours, 6Jd; P" me twos /id, Uti; eights, 6id, 6|d; fours, 6Jd; seconds, 6Jd, 7id. SYDNEY WOOL SALES. MARKET SLIGHTLY WEAKER. SYDNEY, June 17. At the wool sales to-day 6847 bales were offered, of which 4189 were sold at auction; also 2423 bales-were sold privately. The market was slightly weaker, competition being irregular. All well-grown wools were taken by the Continent and Yorkshire. CHEESE FOR BRITAIN SOURCES OF SUPPLY. It is estimated that the production of'factory cheese in England and Wales in 1935 amounted to 817,000 cwt, compared with 623,000 cwt in 1934. Scotland contributed about the same as during the previous year namely, about 106,000 cwt. The reduction in imports of cheese during 1935 was in Empire supplies,which were 12 per cent smaller than in 1934 and comprised 88 per cent, oi the total, as compared with 92 percent, in the preceding year. Imports" from foreign countries increased by 25 per cent. New Zealand remained by far the chief source of imported cheese dining 1935, but sent 16 per cent less than in the previous year. The total quantity from that country comprised 65 per cent, of all imports, against 7U per cent, in 1934. Supplies from Canada show a long-time downward trend and there was a further reduction of 10 per cent, in 1935, the proportion which they bore to total imports amount to 17 per cent, in both .1935 and 1934. Imports form Australia have increased in recent years and a further advance of 17 per cent was recorded in 1930. The quantity entered from South Africa was eight times as heavv us the reduced 1934 figure, while there was a further expansion of the trade in cheese from the Irish Free State. The Netherlands is the chief foreign source of imported cheese and supplies from that country in 1935 were 56 per cent larger than in 1934. Imports from Italy were reduced by 15 per cent, but the comparatively small quantity from Denmark exceeded the 1934 figure by 79 per cent.' Slightly heavier supplies were registered from Switzerland and France.

WELLINGTON STOCK EXCHANGE. YESTERDAY' S~BUSINESS AND PRICES. There was a quieter tone in the stock and share markets yesterday, but a good turnover was made, prices riding at about late rates. Bank of New Zealand showed further weakness, sellers offering at 42s 9d. Insurance issues were firm, and Queensland strengthened to 60s, sellers 61s. Standard were traded at 63s 6d. P. and 0. deferred stock was firmer at 26s 6d, sellers 28s. Union Steam preference sold at 26s 2d. New Zealand Breweries eased to business at 52s 6d. Dominion Breweries advanced to a sale at 26s 9d. Burns Philp were firm on dealings at 73a 3d and 73s 6d.

YESTERDAY’S QUOTATIONS. The latest buying and selling quotations recorded yesterday on die Wellington Stock Exchange were as follow: — Buyers. Sellers.

Wellington.—lnscribed stock, 4 per cent., 1040-49, '' insurance, £3 3s oil; New- Zealand iteirigeratmg, £l; Union steam, pref., £1 0s 2d; Dominion Breweries, jii 6s 9d; New Zealand Breweries, £z Bis Od; Burns, lduip, £3 13s 3u, £3 13s 6d; Ulaude Neon (Sydney), £3 9s 9u; Lonsolid. Brick, iUs; G. J. Doles (3), £3 19s Gil; Hume Ripe (Aust.), £1 Us 4d; Argo Golu, -Is od. ■ Bate sale Tuesday. Auckland. —Wanganui City Council 41 per cent., l-rr-39, £i6r 15s; 41 per cent., 1-11-40, £lOl 1/s Gd; E.S. and A. Bank, £6 4s; Bank ot New Zealand (2), £2 2s Od; National Insurance, IBs sd; New Zealand Insurance, £3 4s (id, £3 ss; South British Insurance, £4 12s; New Zealand Guarantee Corporation, 5s 6d; AucKland Gas £i 5s lOd; Northern Steam, ss; kauri Timber, £1 3s sd; Mosgiel Woollen, £9 16s Gel; Dominion Breweries, £i 6s lOd; Australian Glass, £4 11s 6d, £4 11s; Broken Hill Rty., £3 11s; (Joluiual Sugar, Consolid. Brick, ills, (2) 9s lOd; G. JColes, £3 19s Od; Henry Jones, £2 0s 9d; New Auckland Laundry, 19s 9d; Reters Ice Cream, £1 ss; AVusOns Cement, £2 4s 6d;. King Solomon, Is lUid; Wrtibi G. Junction, 3s 4(1. Christchurch. —Comm. Bank of Aust. (7), 19s 3d; Nat. Bank A-asia,, £5 paid (4), £7 4s 6d; Bank of N.Z., £2 3s 3d; GoKlsbrough Mort, £1 11s 9d; N.Z. Breweries (2), £2 11s 9d; Anthony Hordern, 18s 6d; Broken Hill Ppty., new issue (2), £2 9s; Consohd. Brick, 9s 4d; Dunlop-Per.driau (3), 17s sd; Hume Pipe (Aust.) (2), £1 0s sd; Big River, 2s Id; Skippers, 3RI; AVaimumu, 7£d; Mount Lyell, £1 4s 4d; Mount Morgan, 15s 3d. Sales reported; Comm. Bank of Aust. 19s 3d, pref., £9 3s 6d; Anthony Hordern, 18s 6d; Broken Hill Ppty., £3 11s 6d; Hume Pipe (Aust.), £1 0s sd; Peters Ice Cream, £1 5s Id; Woolworths (N.Z.), £9 9s; Gillespies Beach, Is 2d; King

Solomon, Is TOil; ditto, Is lOjd; Mount Lyell, £1 4s 6d; Mount Morgan (2), 15s Bd. Dunedin.— Inscr. Stock. 4 p.c., 1940 (2), £lO2 10s; 4 p.c., 1946, £lO4 ss; Bank of N.S.W., £32 15s; Bank of N.Z., £2 3s; Westport-Stockton pref., 2s lid; Mosgiel "Woollen, £9 15s; Anthony Hordern, 18s 6d; G. J. Coles, £3 19s 3d, £3 19s; Mount Morgan, 15s Bd, 15s Gd; Brian Born, 4d.

N.Z. GOVT.'LOANS— £ s. d. £ s. d. S£ p.c. Inscr. Stock, March, 1939-43 — 3 5 p.c.‘ ditto, Sept., 102 17 6 0 0 193943 — 3* p.c. ditto, 1938-52 ...102 10 103 0 0 103 0 3J p.c. ditto, 1938-41 ...100 17 6 — 4 p.c. ditto, 1937-40 ...102 10 0 — 4 p.c. ditto, 1936-49 ... — 104 5 0 4 p.c. ditto, 1952-55 ... — 104 10 0 4 p.c. Bonds, 1937-40 ..102 10 0 103 0 0 33 p.c. ditto, 1938-41 ..101 0 BANKS— 0 Australasia 11 13 6 12 0 0 Comrcl. ot‘ Aust., ord. 0 19 0 0 19 4 Eng., Scot, and Aust. 6 4 National of Australasia, 0 £5 paid , — 7 5 6 New South Wales o2 0 0 32 10 0 New Zealand — 2 2 9 Ditto, D long term ... 1 8 0 1 9 0 Union of Aust. 9 10 FINANCIAL— 0 9 14 0 12 0 Equitable Bdg Co. ... 0 10 0 0 N.Z. Guarantee Corp. 0 5 N.Z. Invest., Mori. 3 0 5 0 9 7 and Deposit — 5 Well. Invest., T. & A. — 0 9 6 Well. Trust, Loan ... 5 3 0 — Wright, Stephenson, 0 19 6 Newton King, prof. ... - — Goldsbrough, jVlort ... 1 11 9 0 9 3 GAS — 6 Gisborne 10 7 0 0 10 6 Wellington, ord 2 0 INSURANCE— 0 National ot N.Z 0 18 5 — 0 New Zealand 3 3 6 3 6 Queensland 3 0 0 3 1 0 South British 4 11 0 — 0 Mercantile Mutual ... — MEAT PRESERVING— 1 12 Gear Meat — *1 0 0 N.Z. Refrig., 20s paid — 1 0 6 Well. Meat Ex 0 5 TRANSPORT— 9 0 Huddart, Parker, prof. 1 6 — Union Steam — 1 6 8 P. and O. defd. stock 1 6 Kelburn Tramway, 6 1 8 0 0 pref — 1 3 WOOLLEN— 1 0 Bonds Hosiery Mills 0 19 0 0 1 18 0 Oatnaru 1 1 3 Wellington, erd 6 0 0 6 6 0 Ditto, pref > 6.0 COAL— 0 0 10 Grey Valley 0 9 6 9 Kaitangata — Westport 1 0 Westport-Stockton, 9 1 5 pref 6 2 9 0 4 0 Renown 6 10 TIMBER— 0 6 Kauri — I 3 Leyland-O’Brien 1 2 3 1 3 0 National — 0 15 •9 0 7 0 Taringanmtu 0 10 Taupo Totara, ord. ... 0 10 0 0 10 2 6 Ditto, pref — 1 0 0 0 15 9 BREWERIES— 2 17 1 7 Carlton — Dominion *1 6 0 6 0 N.Z. Breweries — 2 12 6 Staples and Co 1 14 0 1 15 0 Tooth and Co 2 12 0 — Tui 2 3 MISCELLANEOUS— 0 ~ Anthony Hordern — 0 18 9 Aust. Glass — 4 12 3 British Tobacco — 2 1 2 Broken Hill Ply 3 10 9 3 11 3 Ditto, contrib 2 8 3 2 9 3 Burns Philp and Co. 3 13 Claude Neon Lights 0 (N z ) „ — 2 2 0 Claude Neon (Sydney) 2 9 6 — 0 Colonial Sugar 41 7 6 42 5 Con. Brick and Pipe . — 0 6 0 10 2 Denhard, pref *0 19 D.I.C., ord 0 15 _ Dunlop Perdriau 0 17 6 0 17 7 Electrolytic Zinc, ord. — 2 0 0 Ditto. 8 p.c. pt. pref. 2 1 6 — General Industries ... 0 19 6 G. J. Coles 3 19 3 3 19 6 Hetirv Jones 2 1 3 N.Z. Drug — N.Z. Farm. Fertiliser 1 1 0 4 0 0 — 0 N.Z. Paper Mills — 1 8 Sharland and Co., ord. — 1 1 6 Wilsons N.Z., Cement *2 5 6 0 *9 15 Ditto, Ltd., 2nd pref. 1 5 6 1 6 3 Hume Pipe 1 0 3 1 0 5 Whitcombe and Tombs 5 11 0 Woolworths N.Z., pref. — MINING— 1 16 6 Alexander 0 14 9 — 8, 0 0 10 Big River 0 1 10 — Blackvvater 1 13 b Brian Born 0 0 0 0 0 5 Consol. Goldfields *0 14 9 — 0 2 6 0 19 3 Mossy Creek 0 1 4j 0 1 Talisman Dubbo * U Id Waihi Grand Junction — 0 3 6 Antonios 0 0 4 — Mount Lycll *1 4 3 1 4 4 Mount Morgan 0 15 2 0 15 6 0 16 0 ■‘Cum dividend. tKx dn idend. YESTERDAY’S SALES