FOREIGN EXCHANGES.

Manawatu Standard, Volume LIX, Issue 68, 17 February 1939, Page 5

FOREIGN EXCHANGES.

ON NEW ZEALAND CURRENCY BASIS. The Bank of New South Wales, Welling ton. quoted the following rates for their purchases and sales of foreign exchange yesterday : New Zealand. Buying. Selling.

THE MANAV FARMING AND COMMERCIAL MASTERTON SHOW. DISTRICT AWARDS. At tho fifty-second annual show of the Masterton A. and P. Association, this week, awards of district interest, were made as under: — te SHEEP, is Romney Marsh (open).—Ilam, over 33 n months: A. L. Wheeler (Marton) 1 and i- 2. Ram, 21-33 months: J. 14, Hewitt i- (Mangamaire) 1. Two rams, 52-21 months: >■ J. E. Hewitt 1. Ram lamb: J. E. Hows’ itt 1. Ewe, over 21 months: A. L. — Wheeler 1 and 2.. Ewe, 12-21 months: A. e ' L. Wheeler 1, J. 14. Hewitt 2. Two owes, 0 12-21 months: J. E. Hewitt 1. Group: 1_ A. L. Wheeler 1 and 2. 9 - Southdowns (open).—Ram, 21-33 months: ’’ J- Knight (Fcilding) 2. Raiq lamb: J. v ' Knight 1 and 2. Ewe, over 21 months: ’ J. Knight 1 and 2. Ewe, 12-21 months: J. Knight 1 and 2. Two ewes, 12-21 0 months: J. Knight 1. Ewe lamb: J. s ’ Knight 1 and 2. l “- Unhoused and unrugged Southdowns.--Ewe, two-shear or over: A. L. Wheeler ? 1 and ch. and 2. 1 Ryelands.—Ram, under 21 months: ° Massey Agricultural College 1 andchaur I pion. Ewe, any age: Massey College 1 and champion and 2. 14wc, under 21 month’s: Massey College 1 and reserve champion and 2. PIGS. Tamworths.—Boar, under six months: A. G. Golder (Nirenha) 1. Sow, under six months: A. G. Colder 1 and 2. Sow, 6-12 months: A. G. Golde, rl. Pair of 6-12 months: A. G. Golder 1. Pair of f 12 months and over: A. G. Golder 1 and THE STOCK MARKETS. RONGOTEA SALE. At the fortnightly sale at ltongotca saicyards on Wednesday, the N.Z. Loan and .[Mercantile Agency Co., Ltd., report an exceptional yarding of both cattle and pigs, and a very successful clearance in all sections. Over 100 pigs came forward and met with a ready sale at prices equal to, if not slightly in advance, of recent rates. A large yarding of weancr Jersey heifers was offered and competition was brisk with good sales resulting, the top price being £3 4s for a pen of ten. A few dairy heifers were offered _ and again the demand was keen, realisations being fully up to recent sales. Over 220 fat and forward cows ex-dairy were offered,' and despite this large yarding prices held throughout the sale, and better sorts sold very well at prices slightly in advance of those at bedding on Friday last. The following are some of the realisations: Weancr pigs: 7s 6d. 10s, 11s 6d to 14s. Store pigs: l&s. 19s, 24s 6d, 29s 6d. 33s, 36s 6d to 39s. Porkers: £2 13s. Weancr Jersey heifers: £2 8s. £3 to £3 4s. Weancr Jersey bulls: 22s 6d. Spg. heifers: £4 10s, £7 to £7 15s. Fat cows ex-dairy: £4, £4 10s, £4 16s, £5 2s 6d, £5 15s to £6 2s 6d. Store cows: £2. £2 Es, £2 18s, £3 5s, £3 10s to £4. a total clearance was effected at full la rates. Competition for fat cattle w brisk, with the result that values were advance of recent local sales. The po. tion of the store cattle market was u changed. In the pig section the large e try forced an casing in prices, but a sat factory level was maintained. Prices: Pigs.—Light porkers, 28s to 38s, m dium £2 2s 6d to £2 6s, heavy £2 Us £2 19s; batoners £3 Is to £3 7s; wea ors, • 9s 6d to 15s 6d; stoics, 17s to 2 i Sheep: Storo ewes, 6s to 12s 6d; tw tooth ewes 22s Id to 24s; four and 6i tooth ewes, 17s 3d to 18s; s.m. ewes, 12s wether Iambs, 10s 4d to 12s; b.f. lamb 13s 3d; ewe lambs, 10s 3d to 13s 6d : sto lambs, 7s to Us; fat two-tooth wether 18s;- fat wethers, 15s 6d to 20s 2d; f lambs, 15s 6d to 22s. Cattle: Light i cows, £3 7s 6d to £4; medium, £4 Es £5 15s, heavy £7 to £7 7s 6d; 20-mon steers, £4 8s; weancr heifers, £2 9s £2 13s 6d; cows in milk, £3 10s; pottt bulls, £4 12s 6d to £7; store cows, £ Us to £3; vealers, 30s to £3 5s. CHKISTCIIURCH~WOOL SALE REDUCED YIELD. Per Press Association. CHRISTCHURCH, Feb. 16. The second Christchurch wool sale c LEVIN SALE. LEVIN, Feb. 16. Unusually heavy yardings of sheep and pigs, with a moderate entry of cattle, ■were offered to a large bench of buyers at this week's stock salo in Levin. The demand for sheep was particularly keen and the season, held on January 30, resulte in a total return to growers of £299, a reduction of £35,808 on the total fo the second sale of the previous season. Th catalogue at this sale was 5777 bales smallct but 1003 bales more were sold. 'The average price a bale this sale wa £12 13s 7.633d or 9.567d a lb, against £1 16s 6d or 10.88d last season. The bale pric at the first Christchurch sale this scasot when the offering was slightly less attrac j champion , Sow, with litter, any breed.—A. G. r Golder 2. o HORSE EVENTS. , Maiden jumping.—II. C. George (Alfredfcon) 2. Hunter: Miss N. Cameron 2. s Maiden pony jump (ponies under 13.2 4 hands), boy or girl under 15 years: B. e Olsen (Pahintua) 2. , Ponies (led).—Stallion, 14.2 hands or uii- - dor: A. D. Young (Woodville) 1. ' tive than at the second sale, was £13 7s 3c > Ponies (ridden).—Mare or gelding, 13.2 1 DISINFE m a SjU/V CTANT and the price a lb, 10.087d. SALES AT - SYDNEY. MARKET UNCHANGED. SYDNEY. Fob. 16. At the wool sales to-day 11,538 bale were offered and 10,410 sold, also 824 pr vately. The market was unchanged, wit good competition. Greasy Merino made ■ t 19kl. to 14.2 hands (rider, boy or girl under 18 years): Mrs R. D. McGregor (Levin) 1, W. Meccli (Pongaroa) 2. Cob, mare or gelding, 15 hands and under: Miss D. Young (Kairanga) 1. Boy rider, under 11 years.—B. Olsen 1. Ponies, in harness.—Single, under 14.2 hands, driven: Mrs McGregor 1. s Saddle horses.—-Woman rider, over 18 < «r m o > 1 Hack, any age, to carry 13 stone.—Miss 3 K. N. Levin (Fcilding) 1. Best type of hack: Miss Levin 2. Lady’s hack: Miss J. Coleman (Woodville) 2. Lady’s hack, a NO EARLY REDUCTION. open : Miss Levin. Champion hack (BidP m well Cup): Miss Levin 2. MA1KE STREET. Off Rangitikei Street. Phone 6191. FOR MOTOR SPRING REPAIRS. Agricultural and General Smith \Vor», NEW YORK. Feb. 16. Mr Arthur Bnese, president of the Na tional Association of Wool .Manufacturers addressing the annual meeting to-day, sai that, though he had earlier believed tha , MASTERTON RAM FAIR. ' Per Press Association. MASTERTON, Feb. 16. ! Prices well below vendors’ expectations were realised at the Masterton A. and P. Association’s annual ram fair lodav. YenCA1 M GROUND P IST0NS a trade treaty lowering raw wool dutie either with Australia or Argentina, or wit both, might be effective in July, it wa now known that difficulties had arisen i g/m Australia and Argentina, and present in dications were that there would not bo an reduction in wool duties before the end o this year or even later. The Master Butchers’ Association o New South Wales believes that the horn dors in most cases were prepared to meet tho market, but buyers operated within ■ very defined limits. Q. Donald topped the market for stud Romnoys, William Raynor paying 90gns for a splendid ram; f 7jgns was the top price for flock Lin1 coins, and in the ilock Romneys Q. 2) meat market is capable of great expan eion and that a far greater amount prime quality meat could Lie consume locally. With this object in view, it ha planned a preliminary campaign to increns public interest in moat,, and to point on the advantages of greater meat consumj tion. j was a disappointing solo. i o SYDNEY MARKETS. Cylinder Grinding a Speciality. A. F. MARTIN. Engineer. t _ ‘ . SYDNEY, Fob. 16. Tho Sydney wheat market is slow, buyers being cautious. Silo grain is quoted at 2s 53d a bushel and bagged at 2s 7*d. Flour, £12 5s a ton. Bran, £5 5s a toil. Pollard, £5 10s a ton. Potatoes: Tasmanian. £21 a ton: second grade, £15. Onions: Brown, £13 a ton; New Zealand brown, £23. Cabbages: Local and New Zealand, 2s to 5ts. Swedes, Tasmanian, to 18ri. Pumpkins, local and New Zealand, 14s to 16s a cwt. Beans and peas, local, 2s 6d to 5s a bushel; choice, 7s. FARMING NEWS. Jp bit y'c py? A I8a nSS Ifpr BAKED BY | Boniface’s to a crisp, nieoir browned crust. Even textured, regular flavoured bread of the highest quality. Yo» should try it I Ring 5853. BONIFACE’S AUTOMATIC BAKERY CANTERBURY NEEDS RAIN. Rain is needed over most of the Canterbury plains after the exceptionally dry weather of January. The need is not. urgent yet, but a good rain would renew pastures and carry stock well on. Low Germination. Tho germination tests of ryegrass seed harvested this season appear to be uniformly, bad throughout tlio eouniry, says a Christchurch paper. The season has been against ryegrass crops, and in practically good, the absence of hot, dry days having affected tho seed. Experiment With New Fodder, The Manawatu Rabbit Board is endeavouring to obtain quotations for “sweet lupin seed,” a new form of fodder for sheep and cattle which is said to grow very well on sandy, ridgy country and will withstand drought. Experiments have been carried out with this seed at the Lincoln Agricultural College and it has proved to bo a most successful form of fodder in dry areas where there is little feed available. It is the intention of the Manawatu Rabbit Board to endeavour to obtain some of this seed, if only sufficient to plant a small plot for experimental purposes. World Meat Consumption. World meat consumption, although lowered in recent years, is certain to increase, according to the International Institute of Agriculture at Rome. Compilations based on consumption of meat by urban families in the chief countries of the world showed that the city of Buenos Aires consumes more meat per capita than any other city in the world. The annual consumption per capita there is 3001b. This compares with A 1851b in Vienna, 1551b in Copenhagen, and 261b in Detroit. The institute points out that Tokio now has more than 3000 retail meat shops, where 15 years ago there were only three or four, but the institute’s research experts conclude that only approximately one-fourth of the world’s population eats ati appreciable quantity of meat. f ENJOY MORE LEISURE! ft That’s Easy with a New Vadik Domfntoa Cleaner WHY NOT HAVE MORE TIME TO YOURSELF? WHY NOT HAVE MORE TIME WITH YOUR FAMILY? WHY NOT?—YOU CAN DO ALL THIS FOR A SHILLING OR TWO A WEEK. FOREIGN EXCHANGES. You must See the New DOMINION rjHH ON NEW ZEALAND CURRENCY RASIS. The Bank of Now South Wales, Welling £ ton. quoted the following rates for their C purchases and sales of foreign exchange h yesterday : — Now Zealand. Buying. Selling, b ELECTRIC — CLEANERS, Made in England. my*/// London — * £N.Z. to 9 Stg.100 .... T.T. 124/17/6 125 O.D. 123/18/0 ''■24/19/t* w Australia— I. £ to £N.Z. .1 100 T.T. 100/10/0 100 Incorporating Automatically Locked Hose, Wonderful New Swivel Nozzle, and Range of Accessories hitherto only supplied with cleaners costing twice the price. O.D. 100/10/0 100 V Fiji— 2 £F to £N.Z. 1 100 T.T. 90 88/12/6 O.D. 90 88/12/6 J! New York — £ CASH PRICE £7/19/6 Or 19s 6d Deposit and 13s 1d Per Month. Dol. to £N.Z. ■ T.T. 3.7778 -3.7345 G O.D. 3.7828 3.7355 8 Montreal — L Dol. to£N.Z. T.T. 3.7930 3.7531 O.D. 3.8017 3.7541 France — Fre to £N.Z. T.T. 143.20 140.70 C O.D. 144.45 140.72 Hong Kong— N.Z. d. to dol. T.T. 18 716 1813-16 O.D. 1813-32 1813-16 s ] Japan— . N.Z. d. to dol. T.T. — 17 37-64 q O.D. — 17 37-64 i, Shanghai — N.Z. d to dol. T.T. — 1059-64 O.D. — 10 59-64 . The Associated Banks (other than tha • Bank of New South Wales) quoted the fol. !' lowing dollar rates yesterday on a New , Zealand currency basis. They are subject to alteration without notice. * U.S.A. Canadian dollars.. dollars. 0 Selling— (Per £N.Z.) (Per £N.Z.) « T.T.' 3.72* 3.74* «• O.D 3.723 3.74* c Buying— t( O.D 3.78 5-16 3.801 c VACTRIC DOMINION IS GUARANTEED £ YEARS ’PHONE 5154 FOR A FREE DEMONSTRATION. BERRYMAN’S THE HOME OF MUSIC AND RADIO. P.O. BOX 142,