A BETTER YIELD OF WHEAT

Taranaki Daily News, 12 February 1931, Page 16

A BETTER YIELD OF WHEAT

SUFFICIENT HARVEST LIKELY,

By Telegraph.—Press Association.

Christchurch, Last Night.

The Director of the Wheat Research institute states that the wheat returns may prove better than was at first anticipated. He thinks it not unlikely the average yield this year will approach 29- bushels per acre. Much of the grain will be thin, but the general appearances are for a satisfactory quantity. If an average of 29 bushels an acre is realised the total yield will be 7,047,000 bushels. With the 517,000 bushels carried over and 750,000 bushels, which is the usual importation, the gross supply will be 8,314,000 bushels, sufficient for the Dominion’s needs. BRIGHTER SALE AT ADDINGTON SLIGHT INCREASE IN VALUES. By Telegraph.—Press Association. Christchurch, Last Night. Taken as a whole the weekly market at Addington to-day was a brighter one as values in all the major sections either remained firm at late rates or recorded slight increases. The general tone of the market had improved. There was a very heavy entry of store lambs and the sale was very firm, with an advance of lei a head for better class lambs. Adult sheep comprised a bigger entry than at recent markets. The sale was irregular, the best sheep offered selling at firm values. Extra good two-tooth Romney ewes realised 14s to 16s; extra good two-tooth halfbred ewes, to 12s 6d; medium 4, 6 and S-tooth halfbred ewes, to 6s 2d; good sound mouthed halfbred ewes, to 6s 7d; aged and backward ewes, to Is 7d; ordinary four and six-tooth half'bred wethers, to 7s; best rape lambs, 9s 3d ffo 10s 8d; good wether lambs, to 7s Id; good ewe lambs, 7s 4d to /s 7d. The entry of fat lambs was 3550 head and the quality was generally good. The sale was firm at la> rates. Extra prime lambs made 17s 4d; prime, 15s 6d to 16s 6d; medium, 13s 6d to 15s 3d; light, 10s 3d to 13s; store lambs, & 6d to 10s. The entry of fat sheep totalled 4800 head. The sale was irregular, and although there was no advance in values it was firm. Prime heavy wethers made 15s to 16. S Id; others, down to 7s; prime ewes, 10s 6d to Ils lOd; others down to ss. Fat cattle numbered 318 head, which, although | small, was a sufficient offering to meet requirements. The sale for medium and secondary beef was on a par with that of the last market, while prime beef sold at rates which showed a slight increase on' those ruling last week. The best medium weight beef made from 27s 6d to 31s 6d per 1001 b; choice heavy beef, 30s to 33s per 1001 b; cow beef, 20s 6d to 235. Extra prime heavy steers sold up to £l5 17s 6d; extra prime heifers, to £ll 12s 6d; extra prime cows, to £lO. There was a smaller entry of .vealers than at the last market and again the quality was not up to standard. The sale was a keen one and there was an advance in values of 5s a head. Runneis made £4 to £6 6s; best calves, 45s to 655; others down to 7s. ■ The yarding of store cattle was again poor, there being scarcely anything attractive offered. Most of the animals .were showing, the effect'of the shortness of feed. Two-year-old. steers made to £4 10s; 18-months steers, to £2 10s; 18-months heifers, to £2 2s 6d; Jersey calves, to 225; fresh cows, to £3 las; and potting bulls, to £5 ss. There was a fairly heavy entry of dairy cattle, totalling 75 head. The average of quality was poor and inferior cattle were hard to quit. Best second land third calvers made f 9 to £l3; good heifers, to £9 15s. (The entry of fat pigs was smaller than last week’s and consisted chiefly of North Island and West Coast consignments. The market opened slowly, but hardened as it progressed, and values were a ishade firmer. Choppers realised £2 to £5 ss; baconers, 40s 6d to £3 15s; average price per lb, 4J<J to 5Jd; porkers, 35s to 48s; average price per lb, 6d to 6Jd. , There was a small yarding of score pigs. The sale was an irregular cne, but on an average prices showed a slight decrease on last week’s. Weaners made 7s to 12s; slips, Ils to 18s; small stores, 19s to 235; large stores, to 275. ,• WESTFIELD PRICES MAINTAINED. STEADY COMPETITION MET. By Telegraph.—Press Association. Auckland, Last Night. Extra choice ox at the Westfield sale to-day sold up to 27s per 10Mb. Choice and prime ox made 24s to 265; just killtfble, 21s to 235; prime young cow and heifer beef, 24s to 2'6s, and ju3t killable, 12s to 235. Heavy prime steers made £9 to £11; lighter prime steers, £8 to £8 17s 6d; light prime steers, £7 to £7 17s 6d; small and unfinished steers, £5 to £6 17s 6d; extra heavy prime young cows and. heifers, £6 5s to £7 2s 6d; heavy prime cows and heifers, £5 15s to £6 2s 6d; lighter prime cows and heifers, £4 12s 6d to £5 ’2s 6d; other killa,ble cows, £2 5s to £5 10s.

Sheep sold under steady competition at full rates. Extra heavy prime wethers (shorn) made 13s 3d to 13s 9d; heavy prime, Us 9d to 13s; medium, 10s 9d to Us 6d; light and unfinished, 9s fid to 10s 6d; heavy prime ewes, 7s to 8s 3d; lighter, 5s 9d to 6s 9d; other ewes, 4s 6d to 5s 6d.

Fat lambs came forward in about usual numbers and sold steadily at late rates. Store lambs were offered in big numbers and values were on a par with late rates. Heavy prime lamb made 14s 9d to 15s 9d; medium, 13s to 14s 6d; light, 10s 6d to T2.s 6d.

Calves were yarded in smaller numbers than last' week and sold at improved rates. Runners made £3 to £S 17s; heavy vealers, £2 4s to £2 16s: medium, £1 10s to £1 19s; light, 16s to £1 8s; rough, 10s to Ifis; small, 3s to Ils. Competition was keen, for the shorter yarding of pigs and all classes sold at improved rates. Choppers made to £3 13s; heavy baconers, £2 15s; medium, to £2 12s; light, to £2 6s; heavy porkers, £2 6s; medium, £1 16s; light, £1 10s. STOCK VALUES IN THE WAIKATO. NO MARKED VARIATION AT SALE. Hamilton, Feb. 10.

No marked variation was recorded in the values for average yardings of fat cheep and beef at the stock sales at Frankton to-day. A small offering of store cattle came forward and met with a weak demand, prices being unchanged. A steady demand was experienced for an average yarding of fat pigs, last week's rates being maintained. A small offering of stores and weaners realised late values.

Light fat bullocks realised £6 15s io £9 10s; small light fat bullocks, £5 5s to £5 17s 6d; fat cows, £5 7s to £6 10s; light, £3 5s to £4 12s 6d; forward cows, £2 7s fid to £2 IBs; store cows. 37s fid to £2 ss; boner cows, £1 2s 6d to £1 12s 6d; 2J-year and 3-year Shorthorn steers, £4 10s; bulls, 31s to £3 15s; fat

wethers, 9s to 10s 6d; fat ewes, 5s to 5s 7d; prime fat lambs, 12s to 13s lOd; fat lambs, 7s 5d to 10s 6<l; choppers, £2 15s to £3 9s; heavy baconers, £2 5s to £2 8s; light, 37s to £2 Is; porkers, 30’S to 3'3s; stores, 26s to 28s; slips, 16s to 18s; weaners, Ss to 13s. / TAUMARUNUI EWE FAIR. Taumarunui, Feb. 10. The annual Taumarunui ewe fair, was lield to-day, and the yarding comprised 21,000 ewes. There was a large attendance of farmers and buyers. The sheep were all of good quality and well-con-ditioned. J. Gemmell, of Ongarue, topped the market, the price for his good four-year-old. ewes being Ils 6d. The 'best prices for two-tooth good quality ewes sold on account of the De Malmanclie estate was I'ss Id. SEARCH FOR PETROLEUM. New Plymouth (N.Z.) Oil Wells, Ltd., reports that its bore has reached a depth of 1250 feet and is cased to 1230 feet. The formation is arenaceous mudstone. A good showing of gas persists. PROGRESS OF WAITANGI WELL Gisborne, Feb. 11. The Taranaki oil report reads: Waitangi No. 1 well has been cleaned out to the bottom and drilled one foot in new ground. There was a good show of oil and some evidence of change of formation. The lower 120 feet requires reaming again, and when this section of the hole is in good condition it is proposed to run a core barrel. BORING AT BLENHEIM WELL. The obstruction in the well at 2034 feet appears to be metal—either the casing or the whip stock, states the report of the Blenheim Oil Well Reclamation Company. Evidence of rock blown from the bottom of the hole is- also present. Steps have been taken to ascertain the nature of the obstruction in the hole, and the obstruction will now be drilled out. Work has been, held up two days by repairs to the machine and the Crown block. ' SHAREMARKET BUSINESS. Auckland, Feb. 10.—Sharemarket sales: Government Bonds 1933, 5-J per cent., £99 12s 6d; Bank of New Zealand, 42/9; Union Bank, £6 12s 6d; Auckland Gas, 22/9; New Zealand Breweries, 31/3; Colonial Sugar, £29 15s; Mount Lyell (2), 18/3. Christchurch, Feb. 10—Sales on Exchange: Bank of Australasia, £8 15s 9d; Commercial Bank of Australia, 13s 9d; Bank of New South Wales, £26 ss; Bank of New Zealand, 42s 6d; Goldsbrough, Mort, 16/10; New Zealand Refrigerating (10/- paid), 1/8; King Solomon, 1/6, 1/5 (2 parcels). Sales reported: Commercial Bank of Australia (prefJ, £5 10s 6d; New Zealand Refrigerating (10s paid), Is 7d, Is 9d; Staples Breweries, 30/-; New Zealand Breweries, 31s 3d. Christchurch, February ll.—Sales on Exchange: Commercial Bank of Australia, 13s 7d, 13s 6d; Bank of New Zealand, 42s 6d (4 parcels); Goldsbrough Mort, 17s 2d; New Zealand Breweries, 31s 6d, 31s 3d; British Tobacco, 27s 3d; . Mt. Lyell, 19s (2 parcels); King Solomon, Is 7d; Mahakipaiya Goldfields, 74d; Waihi Mining, 15s od. Sales reported: New Zealand Gov-ernment,-5J stock, 1934, £9B; Commercial Bank of Australia, 13s 7d; Bank of New South Wales, £26 ss; New Zealand Refrigerating (10s paid), Is 7d (2 parcels) ; New Zealand Breweries, 31s 6d; Beath and Co., 2Os; British Tobacco, 27s 3d; Goldsbrough Mort, 16s 9d. Auckland, February U.—Stock Exchange sales: Inscribed Stock, 1933, 5J per cent., £99 ss; Bank of New Zealand, 42s 9d (2 parcels), 435; Union Bank, £6 12s (2 parcels) ; New Zealand Insurance, 3'ss; Colonial Sugar, £29 15s; Kuala Kanipor, 5s 6d. STANDARD INSURANCE COMPANY. DIVIDEND FOR HALF-YEAR. Dunedin, Last Night. At a meeting of directors of the Standard Insurance Company to-day a dividend of Is 3d per share for the half-year ended December 31, 1930, was declared.