THE SHEEP INDUSTRY.

New Zealand Herald, Volume LXIII, Issue 19418, 28 August 1926, Page 9

THE SHEEP INDUSTRY.

EXPANSION IN MANY LANDS. SOME INTERESTING FIGURES. [from our own correspondent.] SAN FRANCISCO. July 2S. Expansion of the sheep industry throughout the world is reported by the United States Department of Agriculture, but such expansion is not expected to bring much more foreign mutton and lamb into competition with domestic supplies of the United States. Although potential supplies of mutton and lamb in 1926 in exporting countries will probably not be less, and may be larger than in 1925, there is no reason to expect any material increase in the import of these products into the United States. Mutton and lamb are being imported in small quantities into the United States, but the import of largo quantities has never been profitable. Prices in exporting countries are low, but not low enough to enable foreign producers to compete in the United States after paying the tariff duty of IJ-d per pound on mutton and 2d on lamb. The last lambing season in Uruguay greatly increased flocks. The number of lambs born this spring in England and Wales has been a good average. Lamb and mutton importing countries, with the exception of Germany and Denmark have generally increased the number of their sheep since 1923. In Chile and Argentina, however, the slaughter this year is expected to be less than that of 1925. BUTTER AND CHEESE. I LONDON MARKET RATES. Australian and N.Z. Cable Association. (Reed. 10.45 p.m.) LONDON. Aug. 28. The butter market is very dull, with a small inquiry. Choicest New Zealand salted and unsalted are selling at 170s to 1725. Australian is neglected. Nominal quotations are 164s to 1665. Danish is weak, at about 1745. The cheese market is quiet. New Zealand, white, is quoted at 88s to 89s and coloured at 85s. No Australian cheese is offering. Last week's report stated : —The butter market is dull. Choicest New Zealand salted and unsalted are selling at 172s to 1745; Australian, 166s to 168s; exceptionally good, 170s; Danish, 178s. The cheese market is steady. New Zealand white is quoted at 87s to 88s and coloured at 85s. Dalgety and Company, Ltd., report having received the following cablegram from their London honse dated August 26: Butter: The market is very quiet. Now Zealand, salted 160s to 170 s, exceptional 1745: Danish, 1765; finest Australian, salted 164s to 168s, unsalted 168s to 170s. Cheese: The market is steady at present prices. New Zealand, white 86s to 89s, coloured 84s to 86s; Canadian, white 86s to 89s. coloured 84s to 86s. W. W. Bowker has received the following cablegram from A. tT. Mills and Co., Ltd., London, dated Aueust 26:—Butter: The market is very slow, stocks are heavy and there is very little demand. New Zealand, first grade, salted 168s to 1725, second grade 160s to 1625. first grade unsalted 170s to 1745; Danish, 176s to 178s; Australian, salted 164s to 1683, unsalted 166s to 170s; Argentine, 150s to 160s: Siberian," 136s to 1425. Cheese: The market is steady. New Zealand, first crade, white 87s to 88s, coloured 85s to 86s; Canadian, white 863 to 88s, coloured 84s to 86s. Nordern and Co., Ltd., have received the following cablegram from Andrew Clement and Sons, Ltd., London, dated August 26:—Butter; Salted, 170s, f.0.b., equivalent la 4.32 d per lb, market weak; stored, 166s to 168s, f.0.b.; equivalent Is 4.01 d per lb,' Continental',' 2s lower. Cheese: White, 87s, f.o.b. equivalent 7.59 d; coloured, 855,7.39 d; market quiet. Arrivals: Port Napier, Ruahine. DEVONPORT FERRY CO. ISSUE OF UNALLOTTED SHARES. The issue of 20,848 of the unallotted shares in the Devon port Steam Ferry Company has been decided on by the directors of the company. The shares are to be offered to shareholders in the proportion of one share to every five shares now held by them. Payment for the shares may be made in four equal instalments from October 1, 1926, to April 1, 1927, and interest at the rate of six per cent, will be paid on the amount paid up until the completion of the payments on the shares, when they will rank equally with the existing shares.. Subscribers who prefer to pay the full amount of £1 per share before October 1 next will immediately rank equal with existing shares, and will be entitled to participate in the full dividend payable by the company for the half year ending October 26. The issue of the new shares will increase the capital of the company to £125,089. A hint of the issue was given at tha annual meeting of the,company by the chairman of directors, Hon. E. W. Alison, who stated that to enable payment to be made for the new vehicular steamer, which was then in course of construction, and to meet other exceptional expenditure, it would be necessary to make a fresh issue of shares. MARKET REPORTS. FRUIT AND PRODUCE PPJCES. Prices for apples were exceptionally weak at the Auckland City markets yesterday, various varieties selling at 5s to 8s a 401b. case. The quality was good. Prices for Commerce rose Is., but others found sale at last week's quotations. The demand for good pears was fair. Many lines were opening up in an over-ripe condition. Island oranges sold freely, but in Sydney Navels the demand was very poor although both quality and colour were extra good. Ripe bananas were very scarce and commanded high prices. Prices for lemons and 'Poorman oranges advanced slightly. Supplies of vegetables were heavy and on the whole the demand was fair. Island kumaras sold at 3s per cwt. lower than last week. Pumpkins rose Is 6d, but celery and rhubarb remained practically at l*st week's prices. The poultry market was fairly well supplied but tha demand for all table varieties was still very keen. Fat runner ducks for killing brought from 3s 6d to 4s 6d. Dairy produce prices eased somewhat. Prices realised were:— FRUIT. Apples-—Delicious, 6s to 9s a et.se; Mtinroes 4s to 7s; Stumers, 5s to Ts 6d; Dougherty*. 3s to 6s: Commerce, 5a to 5a Gd- Crown Pippins. 4b 6d to 5a Sd: Ra,lftrate, f!s to 6; fid. Pears: Josephine, 7s to p s 6d* Nellis. 6s to 153, according io size and quality; P. Burrya, 6s to 93. Tree tomatoesis to 7s fid; hothouse tomatoes. lOd to lsjd per lb' Island tomatoes, 4s to 7s a box. Kip*; bananas, Gs to 30s; Island oranges, 15? o 16s Gd a box; Sydney navels, 10s to lis feci: Sydney grapes, 18s a case: lemons, local 5s to fis Poorman orange 3, 6s 6d to 10a. FIELD PRODUCE. Southern potatoes, 7s to 8s per cwt; now potatoes, 2d to od per lb; kumaras, Island, fs to 10s fid per cwt; Tauraxiga, 12s to 15s >per cwt; cabbages, Ss to 4s a sack; cauli lowers, 2a to 6s a sack; pumpkins, 10s to ■2os per cwt; swedes, 8s to 4s 6d per cwt; lettuce, Is to 5s a case; celery. Is to 5s a bundle; rhubarb, 3« 6d to Jis 6d a dozen bundles; leeks, 2Jd to 4i}d a bundle; carrots, parsnips, beet and turnips, 7d to 3s 3d a dozen bundles. POULTRY. Cockerels, prime heavy, 7s 3d to 8s 9d; cockerels, primo light, 5s 6d to 6s 9c!; bena, heavy prime, 5s to 6s 3d light prime, 3s to 4s 6d; Runner ducks. 3s 6d to 4s 6d; turkey frobblera, 12s to 14s 6d; turkey hens, 7s to 8s 6d. DAIRY PRODUCE. Hers eggs, full size. Is 6d to Is 7d; intermediate size, Is 5d to Is 5Jd; pullets. Is 3Jd to Is 4 id; duck egss, Is 5d to la sid; farmers' butter, Is 3d to Is- fid per lb.