ADVICE TO U.S. FARMERS

Sun (Auckland), Volume II, Issue 497, 29 October 1928, Page 12

ADVICE TO U.S. FARMERS

HIGHER WHEAT PRICES EXPECTED (United P.A. — By Telegraph — Copyright) (Australian and N.Z. Press Association) WASHINGTON, Saturday. The Secretary of Agriculture, Mr. W. M. Jardine, to-day reiterated his former opinion that farmers should hold .their wheat in anticipation of a rising marHe said the large amount of wheat thrown on the market was unduly depressing the price. This year’s increased supply of wheat would be offset by an increased demand, and other factors. ITe could see nothing in the situation now to change his advice. He said the Canadian wheat crop last year was apparently under-estimated. The Canadian bread wheat available for all uses totalled between 445,000,000 bushels and 465,000,000 bushels. This year’s crop, without the hard wheat, would furnish the equivalent in bread grain supply of approximately 475,000,000 bushels. LONDON MEAT MARKET SMITHFIELD PRICES Under date October 26, the London office of the New Zealand Meat Producers’ Board cabled the following resume of Smithfield delivered prices for the week endcA at that date:— New Zealand Wethers and Maidens. — Canterbury qualits-, selected brands, 561 b and under, 7d; 571 bto 641 b, 7d; 651 bto 721 b, 6 5-Sd. Other brands, 561 b and under, 6 7-Sd; 571 bto 641 b, 6§d; 651 bto 721 b, 6id. New Zealand Ewes.—64lb and under, 4 7-Sd. New Zealand Lambs.—Canterbury quality, 361 b and under, 10-id; 371 bto 421 b, 10}d; 431 bto 501 b, 9£d ; seconds, 9d. Selected brands, 361 b and under, lOd: 371 b to 421 b. lOd. Other brands, Ist quality, 361 b and under, 9 5-Sd; 371 bto 421 b, 9 5-Sd; 2nd quality, 301 bto 321 b average, 9d. Argentine Lambs.—lst quality, 361 b and under, 9 1-Sd. New Zealand Beef.—Ox fores. 4d; hinds, sd; cow fores. Sid; hinds, 4£d. Argentine Chilled Beef.—Ox fores, 4Jd; hinds, GJd. Frozen Pork.—Porkers, 601 bto SOlb, 7id : 811 bto 991 b, 7Jd : 1 001 bto 1201 b, 7Jd ; baconers, 1211 bto ISOlb, 7|d. Lamb.—The market is depressed owing to heavy supplies of home-killed and muggy weather. Mutton.—The market is slow. Beef.—The market is weak owing to large stocks of Australian. New Zealand Porker Pigs.—Unsuitable weather is limiting the demand, as also are the heavy pitchings of homekilled. AUCTION NOTES George Walker, Ltd., will sell by public auction, to-morrow, Tuesday, at 11 o’clock at the salerooms, 38 Queen Street, household furnishings, and, at on* o’clock, nianoa.