COMMERCIAL.
NEW ZEALAND PRODUCE. CANADA WATCHING EXPERIMENTS. DR. MACKLIN'S REPORT TO U.SiA. The Toronto "Globe," of May 23rd, had the following editorial comment upon New : Zealand's increased dairy produce output:— Before the war Canadian cheese had an almost unchallenged position in the British market. In 1910 cheese imported bv the United Kingdomnnts a t s valued at- 33.141,396 dollars of which 21.534,056 dollars came from this country. ■ New Zealand was second, with about a quarter of Canada's exports, but since then it has made rapid strides. In 1920 it overtook and passed us, with exports to Great Britain "valued at 45,162,185 dollars compared with 42,897,379 dollars for Canada. It has maintained its lead, and in the_ last calendar year exported _ 1 i 60,742,3Ui pounds of cheese to Britain, or 51 per cent, of the latter's total imports. Canadian exports were 112,'670,320 pounds. Dr. Macklin of the University of Wisconsin, who has been in New Zealand studying the dairy industry for the United States Department of Agriculture, says that dairy production in the Island Dominion may double in the next ten years as it doubled in the last ten. He adds:
New Zealand butter and cheese, once received in small quantity in London, now" represent the largest combined import of dairy products from any country. Moreover, that .country has outstripped Canada as a source of cheese supply, and is rivalling Denmark as a sourco of butter supply. Tins position has /been won both by quantity and quality of production. In 28 years New Zealand, as a butter competitor of Denmark in supplying the British market, has grown, from a size of less than onetwentieth to almost three-fifths of the size of Denmark. . .
There is a warning and a lesson in New Zealand's progress, but it need not be assumed that Canadian dairy products are ' being driven from the British market. Our ioheesemakers have responded to the stimulus of competition, and, while they have not regained their ascendancy in the British market, they have ceased to -go "backward and are again, improving their position. They are now shipping to Great Britain about the same quantity as before the war. In the fiscal year 193b the amount was 1,065,504 cwt.; in 2924, 1,103,816 cwt., and for the first eleven months oi; the fiscal, year, ending March 31st, 1925, their sales were 1,183,310 cwt. As for butter, Canad . was only a small exporter before the war, and last year shipped 14,713,888 pounds' to Great Britain. A study of British trade statistics shows that New Zealand's gains in dairy products have been only to a small extent Canada's losses. British consumption has increased, and less of the supply comes from the United States and some European countries than formerly.
Conditions point to an enlarging market in Britain for all Canadian agricultural products, but New Zealand has forged ahead in a few lines by a policy of specialisation and State aid, •A series of Control Boards has been set up by .legislation to direct the marketing of meat, dairy produce, honey , and fruit. It is a system of cartels, or selling syndicates, which are deemed the agents of the owners of all.products consigned to them. They are provided with funds by a levy on; all. exportation —amounting to one-eighth of a. penny per pound on, butter, and /oneeleventh of a penny, per . pound on cheese—and have'-wide : powers in the handling, pooling', storing, shipping, sale, insurance;•'and-'distnWtion. of all commodities in' their charge. They require that brands and' grades be uniform and dependable,' \nth ' a view to raising the quality. Shipments are adjusted to market requirement's as nearly as possible, the Boards having a London office to advise them- and sending agents to study foreign markets.
Zealand is doingfofclieese, butter, meat, fruit and-lioneyc what. the Canadian wheat pools are doing; for tlxe wheat of the prairies, but "they are' covering svirtually all producers. The system is, a -peculiar combination of State and private enterprise.lt is still an experiment,* tut' Canada wili do. well to watch, it. '
, ~ FARM PROPERTY. CONDITIONS IN SOUTHLAND. „ . toICIAL TO "THJ! IMS 8.") INTERCARGELL, July 4. Business in, farm; property is quiet at the present time and very few..sales are being made. However, according to representative heads of Invercargill " commercial firms, 'this is not a bad • sign, and there was .every indication tjiat land was getting down to its true value. Interviewed by a. "Times" reporter yesterday, one. commercial man said that his"firm had no" enquiries on band for farms,- and few properties were changing hands. • .Recently there had been ,sales of: farms at Djpton and at Woodlands,, but outside those he knew of no other sales. Wintertime was always a very quiet period in ' the year as far as such business was concerned, and the present period was no exception, , but the outlook . was certainly ' . much better than it had been for some time and farm values appeared to be getting back to normal. "Speaking generally, things are quiet : just now," said another representative t business nian. "There is 110 doubt that ' • the position in regard to farmers and their land is much better than it was last year, 1 and it is a good sign that there is not too much change of ownerShip of Southland farms.'' "Although money seems plentiful at bat, the present time for some things, •I find this year that investors are not keen on lending money on freehold , farm property, and owing to this, farmers are finding money scarce. The reason may be traced back partly .to the time ofthe slump when investors t ' came to mistrust farm mortgages, and ... partly to the fact that in too many cases farmers hare in the past been •dilatory in the payment of interest. In fact, we have known, cases where in- - -.Testers suffered decided hardships ow- ' im to the irregularity and uncertainty • P a y nwil *' 8 > It simply 'means that. great many cases, men with moiioy to lend prefer to purchase safe debentures rather than run the risk of ; *n unoertain farm mortgage."
IRAKAU stock sale. there was a*good Thursday . the fat stock season in aw .ended, the sale will be WM no i, la now ing the remainder of the "jj?" etock offered were mostly clearing" v Lambs brought 26b to 28a 6d, and, ewes 295. Springing 1o £B, and we&ner pigs 20* to 28» 64^*
INTERIM SHEEP, RETURNS. SOUTH ISLAND INCREASE OF 451,226. NORTH ISLAND DECREASE. The interim returns of sheep in the Dominion, as on April 30th, 1925, are published in the Gazette of June 25th. They are very satisfactory from a South Island paint of view, as on the final figures of 1921 a very substantial increase of 451,220 is recorded. Of this number, the Canterbury-Kaikoura district is responsible for 223,836, much the largest provincial increase. Otago -Southland comes second with 169,809 of an advance. Last year, these provinces showed a decrease of 80,326, as a result of the heavy snowfall of tho winter of 1923.
Except for a small increase in the Auckland province, where in anv case, the sheep strength is very small, tho North Island provinces show a decline. Gisborne-Hawke's Bay of 99.801. and Wellington-West Coast, of 151.614. the total decrease in the North Island be>inr 224.260.
' The increase for the Dominion as a whole is 226,966. and the total sheep strength is now 24,002.742. the highest since' 1910. when 828.554 were recorded. The "nealc" v*pr wnc in 1918, wb°n the total was 26.53^.302. The following are the details of the returns: —
Dominion ■ . ■ totals 23.775.77 C 24,002,742 *226,963 tßefers to an increase"; indicates decrease. Mutton and Lamb Exports. The number of sheep in the Dominion and export of mutton and lamb for the past 10 years as to April 30th, are as follows: —
EXPORT OF STUD SHEEP. VALUABLE CONSIGNMENT FOR SOUTH AMERICA. What is claimed to be ona of the most .valuable consignments of stud sheep and ;cattle that have ever left New Zealand arrived from WellingtQn at XVyttelton by the ferry .steamer* on Saturday jmorning for transfer to fbe s.s. Pakeha. Corriedale sheep were .also" shipped at Lyttelton.'r and Romneys at Bluff, from which, port tlie Pakeha is due to sail, on July . Bth for. Monte Video. From 'Uruguay the stock will ie' transhipped to Buenos Ayres, where, they will be on' exhibition during- the period: of the Argentine Rural Society's Riiriual show Palermo: •This year's exhibition commences on August • 14th. " The total consignment going- forward comprises 32 Romney rams, 44 Romney ewes; 125 Lincoln rams, and 8 Corriedale rams. In addition,, two Friesian cows, are included. The'Lin'coln sheep were entirely selected from flocks of well-known Wairarapa breeders as .follow:—Messrs W. ' Perryand Son, Wm. Raynorr W: Howard Booth, Drummond, McMaster, i and "Percy ' Bros. Eight of the Romney rams' were bred" by. Mr Q. : Donald, and' six' by 'Mr 'J. TE.:-Hewitt, from whom 20 ■of,, the ,ewes.w.erpalso, secured. . The, latter ■are ,in - lamb i to' the royal 'champion' of last year. "At Lyttelton eight' Corriedale rams,, bred.by. Mr, H. T.- Little, Hui are also' being put aboard," and at the Bluff a 'furtner .18 Romney-i rams and • 24; ewes,, bred by Mr W. - Messrs . Wright, Stephenson . 'and .Co.; •Ltd.','." fnd Messrs : Abraham and'Williains, Ltd., were responsible for the joint shipment. . .
WHEAT AND OATS THRESHED. Returns of actual threshings received to date (June 19th) from threshing-mill owners show that, so far, 4,805,542 .bushels of wheat and 8,011,471 bushels of oats have been threshed out. The average yields per acre in cases where particulars of areas were furnished (covering 99 por cent, of total threshings) work out at 33.09 bushels for wheat and 88.89 bushels for oats, those for Canterbury being . 33.49 and 37.41 respectively:— WmPAHI
The Statistician states that a word of explanation is deemed necessary in regard to the wheat and oats figures shown above. Firstly it must be stressed that these figures cover only returns received to the date meui tioned and not total threshings to that date. There are sitll a few April returns and a larger number of May returns outstanding, so the best intepretation to place upon the figures quoted will be to take it that not less than the amounts shown have been threshed. Owing to the nature of the work, which necessitates travelling from place to place, there is a pronounced "lag" in the receipt of returns. This and other circumstances would tend to militate against greater accuracy, the experience of previous years leading to the belief that the final aggregate obtained by tabulating returns of threshing mill owners is always on the conservative side. CO-OPERATIVE POULTRY PRODUCERS, LIMITED. The Canterbury Co-op. Poultry Producers, Limited, report that the market was again well supplied with poultry last week, but there was a shortage of good henß and chickens. Following are prices per pair:— Table chickens 5s to. 14s 6d', hens 3s Gd to lis, ducks 7s 6d to 15a 6d, geeee 6a to Se, turkeys 16s to 455. The wet weather has had a bad effect.on the egg market. Supplies were very short last week, with the result that a considerable advance in prices was recorded. The Canterbury Co-op. _ Poultry Producers, Ltd., quote the following prices per doz. for '"Chain" brand eggs:—First grade hen eggs 2s. 7d, second grade hen eggs 2s sd, and k 'duck eggs 2a Sd. C
PROFITS IN TIMBER. EXTRAVAGANT ESTIMATES UNWISE. "It is a favourable indication to see prominent business men investing money in the various afforcstatiou schemes that are going on all over the country, for iz shows that they recognise the assured value in the planting of exotics," said the president of the Forestry League (Mr J'aitres Deans) at Wellington last week. "At the same time a warning note should be sounded about trie extravagant statements that have been made as to the probable profit that will accrue to persons who invest their money in these schemes. The results are quite good enough without the very palpable exaggeiar tions that have so frequently appeared in print of late. Whilst the league is doing everything it can to encourage planting, ft will not give support to tho unduly optimistic estimates of yield and returns that can be obtained from matured timber plantations. I think it would be advisable if tho Forestry authorities were to make up a statement estimating timber yields of the various exotics at certain stated periods under proper forestry condition > and have them published so that peoplo would have a more accurate idea of what would be their return for the monev invested."
Mr A. L. Hunt said that the president's remarks were very timely The. time would come when it would be necessary for these companies to insure their forests, especially as they were taking shares in small numbers, and thus affecting all classes of the community. It. was true that if the .forests were not burnt, they wor.kl return profits, but thoy should be insured. Premiums'appeared high, but the companies had the remedy in their own hands.
~ It was stated authoritatively, however, that £1?00 had lwen produced by the acres of bluegum for poles, etc.
Mr J. H. Absolom (Hawke's liny) stated that £1245 was paid in timber rights for 10 J acres of eucalypts twentv-eigbt years old. The trees averaged eleven inches in diameter t\v;> feet from the ground, and from sixty to seventy feet tall. The material was. used for tunnel props. MONEY IN AUSTRALIA. DECLINE IN INTEREST YIELD. 'Shortly before tbt> announcement, on April 28th, of the removal of restrictions on the movement of gold, the leading Australian Government stocks, subject to taxation, were selling at prices yielding a return of slightly over 6 per cent. A steady and rapid rise in prices followed, and the return has fallen by fully i per cent. Writing on June 19th, Messrs J. B. "Were and (Son, of Melbourne, state .that "it is impossible to buy a single Commonwealth bond of those classes iu iwhich-the. interest is free of State, but .subject to Federal, taxation to give a return of per cent., whereas as this -time la6t year those stocks were * giving 6 to 6f per cent. Taxstocks above a nominal rate of 4J per , cent, and of a reasonable long currency are giving 4i£- per cent. — and are extremely difficult to buy even at that level— a? compared with a market basis of 5 to 5-i per cent, last year." The-movement in other classes ■.of stocks has been similar. The rise in prices .is attributed to outside buying pressure, from London and New Zealand.
The gradual!}' decreasing return procurable . from the sdUndest stocks is pending to - Cause money to flow more into .mortgages, for which class of adTanoe there . continues to be an extraordinarily keen demand, due mostly to ;the fact. that the ■ ba.nks are still restricting' overdrafts .in that direction. jEight per cent, is being paid for mort;gages on .first-class securities. Once, however, the bankg -reldx their policy in regard to advances for building arid : property_ purchases, the demand on the oiitsidcs sources will slacken considerably, but it is believed that the banks, ■ although their position has lieen greatly improved during the past. sis month's so that they srfe now well ; situated for launching out- on a more :liberal; policy of: making advances, will [not. be_ likely to make si. move along lines until the"' Commonwealth's huge conversion of approximately : £65,000,000" of' the tax-free 4£ per cents, has been satisfactorily completed. The present, movement toward lending, more; freely on mortgage will, ;if it" continues to extend, relieve some of the dullness and stagnation in the real estate business and building industry. "THE NOBBLER." AUSTRALIAN AND SCOTCH WHISKY. Evidence in refutation of the statements made in respect to the quality of Scotch whisky by the applicants for the imposition of an increased duty thereon, "\vas submitted to the Australian Tariff Board by Mr John Lowry Ruthvcn, Australian and' New Zealand general manager for Messrs John "Walker and Sons, Ltd., Sydney. Mr Ruthven, -vvho represented Messrs J. Dewar and Sons, Ltd., James Buchanan and John , Walkor nnd Sons ' Ltdthe Distillers Company, ],td., said: '"The , ' Customs regulations will not allow of the export of a blend of. whisky which contains spirit made from molasses under the name of "Produce of Scotland," as was assorted by the applicants. Accoiding to a statement by the former analvticol chemist lo the Government of New South Wales, "all attempts at making whisky outside of Scotland and the north of Ireland have been more or less a failure. Efforts in this enterprise in Australia have not yet been convincing. However, successful the manufacture of whisky may become in Australia, it will have the features inseparable from the product of a sub-tropical country, an! will never be exactly the name as its northern rival product." Continuing. Mr Ruthven said: "There is a marked differerfce in the price a nobbier of Scotch and Australian whiskies. Comparisons are as follows: Scotch Australian State. \Vlli9ky. WnisKy. Victoria .. lod 7d ' New South "Wales .. 9d 7d South Australia 9d Gd West Australia Is 6d Queensland . . 9d 6d Tasmania . . 9d 6d
In reply to a cable message sent to a leading Arm of distillers in Edinburgh, Scotland, said Mr Ruthven, the following message was received:—"Scotch whisky is not made from molasses. Yes, you can unhesitatingly affirm that Scotch, whisky is only distilled from cereal grain, and that a mixture of Scotch and foreign spirit can'onlv be exported if described as 'British anj foreign mixed in bond.' .It could not be described as made in Scotland. It is obvious, continuued Mr Ruthven, that a very considerable quantity of Australian whisky must be sold straight, or blended, as pure Scotch whisky, and ' all possible steps should be taken to "protect the public against all forms of substitution or false description. The chairman: "Do conditions in Australia conduce to the production of a purer and more palatable spirit i"—"No." FROZEN MEAT. (Received July sth, 5.5 p.m.) LONDON, July i. •Frozen mutton—New Zealand ewes' 5Jd per lb, Argentine, medium, 6Jd, heavy 5 id. Lamba—Canterbury medium, 102 d per lb; other eelecteds, medium, lOJd; Argentine medium, &Jd. ' Frozen beef—New Zealand fores, 3id, hinds Bid. Uruguay—Fores 3d, hinds 4Jd; chilled Argentine fores 3Jd, hinds 7£d. Uruguay—Fores 3id,. hinds 6£d, others unchanged. "
CANTERBURY FRUIT.
EXHIBIT FOR DUNEDIN EXHIBITION. The question of Canterbury's fruit exhibit at the Dunedin Exhibition, was discussed at Saturday night's meeting of the Canterbury Fruit Growers' Association. . The president (Mr E. Freeman) read a letter he had received from the secretary of the Canterbury Provincial Committee, asking the Association to assist in the collection of a fruit exhibit for tho Canterbury Provincial Court. He said that he had called on the secretary to ascertain what was wanted, and Mr Colquhoun told him that they wanted a really good exhibit of fruit for the opening day of the exhibition. He (the speaker) had pointed out that the middle of November was an awkward time to get a good display," as only one . or two varieties would lie available: but in March, in conjunction with the Loburn growers, a good display could be got together. Mr Colquhoun had said that if it was possible they would like a good display on the opening dnv of the exhibition. The space would be free, the exhibit :would be conveyed free, and it would be staged free; the Provincial Commititoe was prepared to go even farther, and if' a grower could not afford to ™ive fruit for the exhibit, it would buy it. It was for the members of the Association to say wliat should be done.
Mr F. W. Cone said that it was a good opportunity for them to go in and show that Canterbury could grow good fruit. At the recent conference, both Nelson and Otasro delegates claimed that the best fruit came from their respective districts; he (the speaker) had claimed that the best fruit was produced in Canterbury. As regards the supplies available in ' November, they would be limited to Stunners, Delicious, and Democrat. As to the fruit being given, he said that it wbuld mean th.it three or four growers would snpoly the fruit for the whole of Canterbury. and he suggested that the Association should hear the cost. He moved: "That a committee he set up to go into the matter and bring un its recommendations at next meeting." He a how much fruit was wanted.
The president said that fifteen or twenty eases would be required. The wh®le idea was to boost Canterbury. The Otago. Nelson, and Hawke's Ba,y growers intended exhibiting, ■ and it would not do for Canterbury to neglect its opportunity. The farming community of Canterbury was going into the matter strongly, and the Provincial Commit! ~ e wanted the fruitgrowers to push in aJso. Mr W. B. Bucktin said that there would be early tomatoes available and the raisers of early tomatoes could make a good display. Mr T. Armstrong said that he understood that the exhibits would bear the name of the grower, and if that was so. he thought that growers should be given an opportunity to give fruit for the exhibit; lie offered to give two ea^es.
Mr C. Sisson suggested,that a,s the cool stores would be repacking soon, those connected with them should be asked to put aside any good specimens. Mr Cone's motion was agreed to, and the following- committee .was set up Messrs TO. Freeman. F. W. Sisson, W. B. Bucktin; F. W. Cone, ■ and L. Paynter. :
EXPORTS OF RAISINS. NEW ZEALAND'S NEEDS. Directions in which overseas markets for Australian raisins might be developed were suggested: by the chairman of the, Water Supply Commission, Mr Cattanacli, in, Melbourne, recently. He <said that a return prepared by the commercial section of tho Department of Markets and Migration for the year 1323 showed that the exportation of raisins from the United States of America to China and Japan was -JBOO tons, while the importations into those countries of dried apricots; prunes, and other fruits, although not nearly so heavy, reached' high figures. Australia should be the natural supplier of those fruit products, said Mr Cattanach, as it. was nearer, geographically, and was producing fruit of a quality at least equal to that produced in the United States. Flom the return it would appear that about 1800 tons of raisins were imported into New Zealand from the United States, while the importation of prunes alone reached about 600 tons. Both the eastern and New Zealand markets in those lines should belong to Australia, and it was gratifying to find that the Federal Export Board had been able to obtain some of the New Zealand trade. It did seem, however, that practically all New Zealand' requirements' should Vis supplied from Australia.
SMITHFIELD MARKET. The ,New Zealand Meat Producers' Board has received the • following cable from its London office, dal'ed 3rd, 1925, advising Smithfield delivered prices at that dato as follows (prices for the two previous weeks are also shown): New Zealand wethers and maidens: Canterbury quality, selected brands, 66-under, 71d-(3-7-25),-7Jd (26-6-25), 7Jd (13-6-25) per lb; 57-64, 7d, 7d, 7d; 05-72, 6id, , 6Jd. Other brands, 56-under, 7sd, 7£d, 7§d; 57-6-1, CJd, 6Jd, 6|d; 65-72, -6Jd; 63d, 6Jd. •New Zealand ewes: £4-under, s|d, sgd, s|d. New Zealand . lair.b: Canterbury quality, 36-under, 12d, I2d, l'2d; 37-42, lid, lid, lljd; 43-50, lOd, 10d, 10jd. Seconds, ll|d, ll'Jd, 11 a-i; selected brands, 36-under, 12d, ]2d, 12d; 37-42, lid, lid, ll|d. Other brands, Ist quality, 42-under, llid, ll»d, Hid; seconds, llJd, 11 Jd, llid. New Zealand' beef: Ox fores, -3Jd, 3d, 2?d; ox hinds, 5Jd. sd, 4|d; cow fores, 2id, 2Jd. 21d: cow hinds, 4Jd, 4id, 4|d. Argentine chilled beef: Ox fores, 3!d, 3Jd, 2£d; ox hinds, 7id, Cid, 6Jd. Argentine frozen beef: Ox fores, 3id, 3d, 3d: ox hinds.' 5Jd, 5Jd, sd, Frozen pork: &0-1201b,' not quoted; 120ISOlb, Bid, 81d, S\d Frozen veal: Not quoted. NEW ZEALAND FARMERS' CO-OPERATIVE SHARES. The "Wellington Stock Exchange has officially recorded its support to the protest made by the Christchurch Stock Exchange against the proposed interference with the terms of issue of the Farmers' Co-on. preference shares in the direction of causing preference shareholders to relinquish and extinguish the cumulative rights attaching to the preference shares when issued. The statement previously made that the protest only related "to the waiving of claims for accrued dividends did not- n.ccurately represent the attitude of the Christchurch Exchange. The local Exchange objected to the proposed.. conversion of the 1 cumulative preference shared into ordinary preference shares, and on the strength of that objection the proposal was dropped by the Co-op. directorate. The waiving of claims to cumulative preference dividends actually accrued, but not paid, formed no part of the objection. CLEARING SALES. Jones, McCroatie Co., Ltd., held a successful sale on' the premises of Messrs Hawkins at Rangiora on Tuesday. Among the articles sold the following prices were realised':—Marquee £l3, fourteen coils wire £7 14s, 4 coppers £6 13s 6d, Ford truck £4O, empty sacks realised Is Id each, 8 rolls netting £6 16s, chaff 8s 4d a sack, potatoes 9s 6d a sack, salt 7s & bag, scales £ls, cash, register £lO. There was a large attendance of the public, and bidding was spirited. On Wednesday the finn sold, on the premises, Worcester street, a of jewellery, the following prices being realised:— Small drawing-room clocks, 7 realised '£l4 10s, hall clocks £7, barometers selling from £1 6s to £2, hall clocks £6 7s 6d, watches ; from £3 2s 6d to £5 15s, and rings from t M to £ia 10a, " 1
CHRISTCHURCH STOCK EXCHANGE. LATEST QUOTATIONS. Buyers. Sellers.
OTHER EXCHANGES.
(pbess association tiliobams.) DUNEDIN, July 4. Sales—Bank of New Zealand 575; - New Zealand Paper Mills 20s 8d (two) ; Electrolytic Zinc 295; Mt. Lyell 20s sd. Sale reported—Standard Insurance 455. REPARATIONS AFFECT EXCHANGE. (BY CABLE—PRZS3 ASSOCIATION—COrnUGHT.) (better's telegbams.) LONDON, July 3, Reparations currencies sharply improved again this morning, and there was good buying. Francs are progressing.* The French franc is at 102S, the Belgian at 103g, and the lira at 137 to £l. EXPORT OP FRUIT. GOVERNMENT SUBSIDY TO BE CONTINUED. At Saturday night's meeting of tho Canterbury Fruitgrowers' Association, Mr F. W. Cone, one of the directors of the New Zealand Fruitgrowers' Federation, stated that he had received a telegram. from the manager of the Federation advising that the Government had- decided' to oontinue the subsidy of Id per lb on fruit exported from the Dominion next season.
x The subsidy would be in respect of apples up to 350,000 cases, and in respect of pears up to 5500 cases. APPLE MARKET. (Received July sth, 5.5 p.m.) LONDON, July 4. The Port Wellington's New Zealand- apples arrived in splendid; oondition. Prices realised were: Sturmers 17s to 18s 6d, Dougherty and Rokewoods 18s to 20a; •others, 15s to 17s. The balance of the Ascanius's and Pereio'al appies were sold at Liverp-jui. i^.ised. were: Cleopatras, 17a to 21s; Sturmers, 123 to 17s 6d; Jonathans, 15s 6d to 17s 3d; Crabs, 143 to 17s 6d. LAND COMPANY'S DIVIDEND. (Received July 6th, 5.5 p.m.) LONDON, July 4. The Peel River Land Company declared an interim dividend of 5 per cent, free of tax., WHEAT. (Received July sth, 5.5 p.m.) LONDON, July 4. Wheat cargoes are steadier owing to smaller Australian and American shipments, but the demand i 3 quiet. Near hand Australians are still being pressed at 53s 6i per quarter. Parcels are steady with fair business passing at 6d to' 9d dearer. Liverpool futures are quoted as follows:—July, lis ljd' per cental; October, 10s oi/l; December, 10s 2d. The "Grain Reporter" says that millers are only filling immediate needs, believing that t_he bottom is not yet . reached. Australians Have fluctuated less because they are cheaper than usual. HOME MARKETS. (Received July sth, 5.5 p.m.) LONDON, July 4. Cotton—August shipment, 12.53 d per lb. Rubber —Pa-ra, 36£ d per lb; plantation, 37£ d U> 38Jd; smoked, 381 d to 39|d. •Jute—New crop July shipment, £44 15s per ton; August, £4l 15s. Hemp—July-August shipment, £34 10s. Copra—June-July shipment, £29 a ton. Linseed Oil—£4o 5s per ton. Turpentine—67s 9d per cwt. Antimony—English, £B4 5s per ton; foreign, £64 per ton. LINSEED. TTie Department of Agriculture has received the following cablegram, dated the 2nu instant, from Calcutta: "Linseed—July shipment quoted at £2O 12s 6i per ton net &r linseed, c. and f. Sydney, and £2l September shipments. Market is steady." TATTERSALLS' HORSE SALE. Messrs H. Matson and Co. had an entry of 17 horses on Saturday. Owing to the smallliess of the yarding, very few quotable lots were among the entry, principally nondescript sorts being offered. Although there was a lirge attendance, buyers were not in large numbers, ■ nevertheless practically the whole entry was cleared at auction. The principal transactions were;— For F. B. l)n----win (Addington), three-year-old gelding by Brent Locanda, £l2 10s; client, eight-year-old mare, £34 10s; Christchurch Tramway Board, aged gelding, £22 10e; L. James (New Brighton), eight-year-old gelding, £l4; Dunick (Marshland), eight-year-old hack, £6; deceased estate, four-year-old mare by Our Thorpe, £9 10s; R. Bradley (Bockenham), nine-year-old mare, £ls 103. Aged and inform sorts sold at late rates.
Final Tnteri"! T)iffe r - 1 0<?4. Rotiirn. 1025. ■AnMclnnd 1,068,115 1,995,270 "f27,155 Gi^linneTTnwke's 6,178.116 -99,801 P.1V C.277,917 WoUinctonWest 5,081,071 v-151,614 Const 5.232.6S5 North Island 13,254,457 -224,260 totals 13,478,717 Marlborough- , Nelson Westland 1,272,533 1,330,064 f57,531 Canterburv4,934.981 *223,886 Kailcoura 4.711,095 Otago . 4,313.431 4,483,240 *160,800 South Island 10,748,285 *451,226 totals 10,297,059
Mutton Lamb Number of Carcases Carcases Sheep. Exported. Exported. 1916 . . 24,788,150 2,713,247 3,488;95i 1917 . . 25,270,386 2,613,259 2,883,350 1918 . . 26,354,594 2,038,304 1,945,305 1919 . . 25,828,554 1,211,536 988,747 3 920 . . 23,919,970 4,199,675 3,780,523 1921 . 23,285,031 5,659,292 4,327,397 3 922 . . 22,222,259 3,373,018 5,192,392 3923 . . 23,081,439 2,264,499 5,417,013 1924 . . 23,775,776 1,696,190 4,924,021 1925 . . 24,002,742* 2,067,985 4,581,973 *lntarira return.
WHEAT. Land District. Quantity Average yield threshed. per acre. Bushels. Bushels. North Auckland 505 36.07 Auckland 1,853 33.69 Gib'borno \ : 1,638 26.42 Howke's Bay 6,632 26.67 Taranaki 538 2C4.89 ■Wellington 34,993 29.23 Nelson 17,351 25.82 Marlborough 37,180 28.24 Canterbury . 4,026,356 33.49 Otago . 603,195 31.44 Southland . V 75,321 33.56 Totals- .. 4,805,542 33.09 OATS. Land District. Quantity Average yield threshed. per acre. Bushels. Bushels. North Auckland 130 26.00 Auckland 726 34.57 Gisborne 1,617 50.53 Havke's Bay 30,845 32.99 Tnranaki 1,240 23.85 Wellington .. 138,767 36.64 Nelson . . . . . . 22,69.6. 25.82 Marlborough 38,502 35.92 Canterbury .. 2,753,866 37.41 Otago .. 1,058,443 40.18 Southland 964,639 43.58 Totals .. 5,011,471 38.89
£ s. d. d. N.Z. GOVT. DEBENTURES— 4i per cent. Inscribed, 1933 and 1939 96 17 6 4J per cent. Bonds, 1930 97 0 0 Si per cent. Bonds, 3933 101 5 0 — OTHER DEBENTURESNew Plymouth. Borough. oh per cent. — 93 0 0 New Brighton Borough, 5| r>er cent. 100 0 0 South Canterbury Electric Power 5| p.c. 101 0 0 N.Z. Breweries Bonds 1 1 9 1 2 0 BANKS— Australasia _ 14 12 0 Bank of Victoria 7 9 0 7 11 0 Comm. of Aust. (pref.) — 6 15 0 Comm. of Aust. 1 10 0 1 10 9 Comm. of Sydney — 24 17 6 National of A'asia (£10 paid)) — 16 14 0 National of N.Z. (cum div.) 6 12 6 6 13 6 National of N.Z. (new) 6 8 6 6 11 0 New South Wales — 41 10 0 New Zealand — -2 17 0 Royal (£1 paid) 1 15 6 1 16 6 Union of Aust. 14 15 0 14 1G 0 INSURANCE— National 3 19 0 4 0 0 New Zealand 1 14 0 — Standard 2 4 0 — LOAN AND AGENCY— • 14 14 Dalgety and Co. 14 5 0 0 Goldsbrough, Mort (cum rights) 2 5 3 2 5 6 National Mortgage (ex dir.) — 3 15 6 N.Z.' and River Plat© (ex div.) 1 0 9 . — SHIPPING— Hudd art-Parker .. — 2 5 3 FP'iZEN" MEAT— Canterbury — 13 2 6 Canterbury (pref.) 5. 2 6 5 4 6 N.Z. Refrig. (paid) 0 17 9 0 19 3 N.Z. Refrig (pontr.) .. 0 9 0 0 9 3 GAS- , 7 12 Christchurch 6 — BREWERIES— Crown 1 16 0 — 9 Manning 1 15 6 X 16 New Zealand 2 0 3 2 1 3 Wflrd 2 IS 3 — TIMBER— 1 12 Kauri .. — 4 MISCELLANEOUS— 1 11 Beuth and Co. ■ 6 — Burns, Philp 1 15 0 1 16 0 Electro. Zino (pref.) .. 1 8 6 1 9 0 Electro. Zinc (deferred) 1 7. 6 — Mason. Strutliers (£1. paid) 1 3 6 1 4 0 Mason, Struthers (lis paid) .. 5 0 15 6 — |N.Z. Farmers' Co-op. (6 per cent. cum pref.) 3 0 0 — N.Z. Milk Products .. 1 8 6 — N.Z. Paper Mills 1 0 6 1 1 0 Tnranaki Oilfields 1 0 0 1 1 3 Whitcomba and Tombs 3 10 0 — MINING— 1 0 Mt. Lyell 7 1 1 0 St. Batlians (Ss paid) 0 5 3 0 8 3 prera. prem.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19250706.2.90
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume LXI, Issue 18426, 6 July 1925, Page 10
Word count
Tapeke kupu
5,446COMMERCIAL. Press, Volume LXI, Issue 18426, 6 July 1925, Page 10
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.