MARKETING OF HONEY.

Press, Volume LXIII, Issue 19157, 14 November 1927, Page 10

MARKETING OF HONEY.

AUSTRALIAN EXPERT'S OPINIONS. "New Zealand conditions vary greatly from those of Australia," said I Mr W. S. Pender, editor of the "Aus- ! tralasian Beekeeper," in addressing a ! large gathering of beekeepers at Tai ; Tapu on Saturday afternoon. "If I were to take up active beekeeping in New Zealand, 1 would have to study your conditions very carefully. In Australia wo might get a record crop of honey one year, and for the next two we might not get anything—we have very severe droughts to contend with—and. taking an average over three years, I think the output of the New Zealand apiaries is far greater than tnose of Australia. New Zealand conditions are good all round, but in Australia are very erratic. In Australia liquid honey is in great demand. Tn New Zealand it is the reverse. Honey which sells on the Sydney market would not sell here, and your honey would be practically worthless there.'-' Trade Conditions. One of the beekeepers present said the price for New Zealand honey on the New Zealand markets ranged from 4d to od per lb. The honey was taken to England and retailed at Is 6d per pound. One beekeeper who sent his honev direct tn England got Is per lb for his product. "At the present time prices and supplies of honey are continually fluctuating,' and the individual attempts to get a higher price on the markets result in competition and undercutting." said Mr Pender. "I want to see the New Zealand marketing organised—you want to keep the honey in your own hands until it reaches the consumer. Grading. '•ln Australia there is one honey—a standard—which is obtained by honey grading. We blend to this one grade for the purpose of exporting, and the result obtained is excellent," said the speaker in reply to a question. "For instance, we have two grades of honey which by themselves bring about 3d per lb, and which, when bfended bring od per pound." ' After his address, Mr Pender answered numerous questions, and later gave a demonstration, by means of cinematograph films, of bee-keeping in New >south Wales and Queensland.

HIDES AND LEATHER.

DISCREPANCY IN PRICES

[THE PRBBB SpecUl lurle*.]

WELLINGTON, November 12,

At a recent meeting, the executive of the New Zealand Farmers' Union decided to request an enquiry by the Department of Industries and Commerce into the discrepancy between the prices of hides and those of tanned leather.

The Minister for Industries and Commerce says that on several occasions the Department has mado ei- ?™ S . into the selling prices 0 ! er '" comparison with the selling pi ices of hides. Recent: investigation has revealed, that tanners arc not onlv. not making unreasonable profits, but that the tanning industry is in r.nyinmg but a prosperous position

BULL SALE.

AN EXCELLENT CLEARANCE

i .„,»' J SO " " d Co - held their »"«•» bnli bun, 00 f^ 87 - The entr ? e 62 att V flT . e fema ' es - There ™» •We attendance of buyers, practically every dis»l«o the West Coast, Southland, and K.ith°« ura :/ nd th ? competed keenl y «'* *">» iorward en oX°/ *? 6 - BBle V The «»«• came any nrst-class Shorthorn bulls whil« yearlings S old readily. TheVndpVsaleS SHORTHORNS. On account of;— Mr H. E. Fineham, Hawarden. One yearling bull by Langley Tellurium m"' n„« „„. r W ?.' Bowia - Doyleston. ■SSS3f" wUte bull by H "« W « ° nfl ffliVd° an ' bU "' **«-* " 0ne b t e W r° 2 y 3 e r B d r ; 0l a d 9 2 b 5" n ' S »^ Mr R. J. Low, Highbank: One two-year-old roan bull .. 12 One roan bull, calved November, 1936 24 ■Mr J. V. Chapman, Jun., Little . ~ River: One yearling bull, Sinclair Frederick . calved August 20th, 1926 21 One, bull, Advance of Cornwall Park calved September 10th, 1924 ..' n Mr W. Johnston: One two-year-old bull .. .. 17 ' Mr J. Pannett, Springston: One bull, Capethorne Meteor 2nd ' .. 241 Mr Geo. Benny. Southbridge: One white yearling bull, Royalist 3rd 12 One roan bull, Holly Royalist 6th .. 25 One Ted Shorthorn bull, Holly Count 2nd •• .. .. 104 One red bull, Holly Royalist sth .. 13 Mr S. Smith, Cust: One roan bull, four years old .. 15 One yearling bull .. .. 11 Mr E. Chamberlain. One red and white bull, calved September 14th, 1926 .. . . 21 i Executors W. Chamberlain: One bull, Hadstock Count, calved May Ist, 1926 . . . . . . 13 One bull, Hadstock Count 2nd .. IS Client: One red Shorthorn bull, Bellgrove Red Mac .. .. .. 10 FRIESIANS. Mr C. Hughey, Rangiora: One yearling bull .. .. 10 Mr J. Stalker, Greenpark: One bull, Luvernvale Pietertje Choice 14} Mr E. A. Trembath: One bull, Brooklyn Woodcrest 13 Canterbury Agricultural College:. One bull, three years, Colinton King Fayne .. .. .. 20 Mr J. Briggs, Waihao Forks: One bull, Highfield Marquis Segis, valved November Ist. 1926 .. 3 8 Mr A. Craig, Cashmere: One bull, Fendalton Nigger Posch 2nd IS Mr J. McAnulty, Methven: One bull, Pietje Colantha Lad, calved September 20th, 1926 .. .. 19 One bull, High Lad, calved August 39th, 1924 .. .. ..121 Mr F. W. Carpenter, Prcbbleton: One bull .. .. .. 12 JERSEYS. Mr J. Thoroughgood, Southbridge: One three-year-old bull .. ..17 Mr J. Simpson, Southbridge: One yearling bull .. 13 Mr W. Brears, Southbridge: One ball, Ohape Bright Prince, calved September 7th, 1925 .. ..17 Mr J. P. Ivess, Fendalton: One yearling bull, Empire Grand .. 12 Mr T. Barker: One two-year-old bull .. ..11 GUERNSEY. Mr "W. Lockhead, Southbridge: One bull, 18 months .. .. 15 Mr Geo. Gould, Christchurch,: One two-year-old bull .. .. 14 One lixteen-montbs-old bull - - ,14 West Coast Client: One bull. Rajah Sequel .. .. 12 Mr T. H. Brake, Tai Tapu: One two-year-old bull, Humpty Dumpty 16 BORING FOR OIL. (PBIS6 ISSOCUTIOY TWaOJUH.) GISBORNE, November 13. Boring operations are continuing iteadfly at two wells in this district being funk by Taranaki Oilfields, Ltd., and arrangements are now being made for opening a new well Valley.

SMITHFIELD PRICES. The New Zealand Uett Piodueeri' Baud has received the followinj cable from its London office, dated November 11th, advising Smithfleld delivered prices at that date as follows, prices for the two previous weeks being •also shown:—

Larab—The lone of the market ia better, and the demand has impro\cd owing to temporary lessening of supplies of Home-killed lamb. .Mutton—The market is .steady. There is a shjrlitiy butter demand for wethers. For ewes the market is quiut and unchanged. WHEAT. CANADIAN ESTIMATE. (AUSTRALIAN A.ND X.B. CABLE ASSOCIATION.) OTTAWA, .November 11. The Eui'oau of Statistics estimates the Canadian wiieut crop at 444,282,000'bu5he15. CHICAGO QUOTATIONS. i (Received .\cvcmbcr loth, j.j p.m.; -NEW YORK, November J2. Chicago wheat quotations are as follows: December 1273, March 131J, itav 13JJ cents a bushel. FROZEN MEAT, (Received .November 13th, 5.5 p.m.) LONDON, November 13. Lamb—Canterbury seconds Bsd, other selecteds, light 9Jd; North Island firsts, medium 9jd, seconds BJd; Australian, Victorian seconds BJd, other States BJd, thirds 7Jd; Argentine firsts, light BJd, medium 7Jd, seconds 7Jd. Frozen Beef—New Zealand fores 33d, Australian hinds 4 15-16 d, Argentine foreH 4d, hinds 53d, chilled Argentine I'oros 4Jd, hinds 7d. Other sorts are unchanged.

Dalgety and Company have received the following cabled advice from London:—

' Frozen Lamb —The market iB weaker, and I the demand moderate. Quotations: 28-361b, Canterbury 9Jd, North Island BJd; 36-421b, > Canterbury 9Jd, North Island 83d; second . quality, Canterbury Bjjd, North Island BJd; t 42-501b, Canterbury Bjd, North Island BJd. - For Australian the market in weak and the I demand poor. AVc quote: Australian lamb. f.a.q., BJd. [ Frozen Mutton—The market is weaker and the demand limited. Quotations: 48-561b, " Canterbury 6Jd, North Island 5Jd; 56-641b, ■ Canterbury. 52d, North Island 5Jd; 04-721b, t Canterbury 5Jd. North Island sd; ewes, ; 48-641b, Canterbury 4Jd. North Island 4Jd. Frozen Beef—Quotations: Argentine chilled 1 hinds 6d, fores 4Jd. t Pork —Quotations: English pork, fid to 9d; ; New Zealand porkera, 80 to 1001b Bd, 100 to 1201b 7Jd; New Zealand baconera, 120 ' to 170 ib, s?d. LONDON MARKETS. (Received November 13th. 5.5 p.m.) LONDON, November 12. Cotton —December 10.52 d per lb. Rubber—Para 15d per lb, plantation smoked 17|d. Jute—November-December £29 12s 6d per ton. Hemp—-November-December, £34 a ton. Copra—November-December, £27 2s 6d per ton. Linseed Oil—£3o a ton. Turpentine—3ss per ewt. P. AND O. STOCK. (AUSTKAUAK AX» H B CABUB ASSOCUTIOK.) (Received November 13th, 5.5 p.m.) LONDON, November 11. P. and O. Deferred Stock is quoted at £265. PATERSON. LAING AND BRUCE (Received November 13th, 5.5 p.m.) LONDON, November 11th. Paterson, Laing, and Bruce have declared a year's dividend of 7J per cent Bnd a bonus of 6d per share, tax-free. LEAD. (Recoived November 13th, 5.5 p.m.) LONDON, November 11. Lead imports amount to 19.5T1 tons, of which 6254 are Australian. The exports amount to 1469 tons. TALLOW. The New Zealand Loan and Mercantile Agency Co., Ltd., has received the following cabled advice from London, dated November 9th: —We quote present c.i.f. and e. values for the following descriptions of tallow: —Fine mutton, 39s 6d per cwt; good beef, 41s per cwt.; mixed, 39s per cwt. The market is dull. PERMANENT TRUSTEE (SYDNEY). Permanent Trustee Company (Sydney) shows a profit for the year ended September 30th of £16,933, compared wtih £16,191 the previous year. Though earnings were £3514 higher, there was an increase in expenses of £272. Dividend and bonus remain unchanged at 6 per cent, and 3 per cent, respectively, absorbing in all £9900, a sum of £6OO is written off building, and the balance £6433, is proposed to be added to reserve, making that account £37,962. A comparison of accounts follows: —

Funds under the control of the company have increased during the past seven years as follows: — Trait Funds. At June 30.' £ 1921 .. . . 7,010,425 1932 .. .. 7,328,839 1923 . . . . 8,001,351 1924 .. ' •. 8,955,625 1925 ... .. 8,895,117 1936 .. .. 10,850,423 1927 .. .. 11,712,983

Xov AOV JiOV. ! Jl. 4. 28. i d. d. d. ] V.Z. Wethers and Maident— I Canterbury quality— ; Selected brands: ! 56-under . . 6i 6i 64 57-65 Hi n 6J } 65-72 o : i 52 5j : Other brandi: 56-undor Jit Og 52 57-64 55 5* 5i 65-72 5 'a 5i 52 Xetv Zealand Eves— 64-undcr 4; *h IS K.7.. Lambs— Canterbur7 qiialitr: 36-under 9$ PS 31 37-42 92, 3 J !>3 43-50 62 ri-j !l Seconds si 9 H Selce'.ed brand?— 36-under !<,j 3; i'fi 37-42 pi 91 C A Other brands — First quality: 3ti-undcr : j j 9i 04 37-42 <ij Oj y; Second qtialitv: 30-32 average si >i Si Argentine Lamb* — 1st quality: 30-under 37-42 <?i s 8 New Zealand Ucti--Ox tores . . 3.s 3j 31 0:: hinds 5i 5-j 5| Argentine Chilled lleti— Ox t'ore-s . . ■i'i ;.; n 4 0\ hinds . . 55 5.S Argentine Frozen I5eef— O.x tores .. ,i 3 : * 31 Ox hinds . . 5 S 5* 5i Frozen fork— S0-.1201b .. SI f; Si 120-J60lb . .

Tear ended bept. 30. 1926. 1927. Profits 16,191 16,933 Dividend, 6 p.c. 6,600 6,600 Sonus, p.c. 5 3 Bonus, amount 3,300 3,300 Depreciation . 620 600 Reserve 5,671 6,433 Earnings 47,85-1 51,168 Expenses and taxation 31,462 34,234 LIABIIitfTIES- - Capital 110,000 110,000 Reserve .. 25,857 31,529 Sundry creditor's 4,114 6,662 ASSETS— N.S.W. Govt. Stock 30,000 20,000 Htges. and TV ar Loan 46,144 57,573 Property 62,491 61,871 Cash 33,584 21,781