DIPPING THE LAMBS.

Dominion, Volume 4, Issue 1002, 17 December 1910, Page 8

DIPPING THE LAMBS.

•Many: of the best authorities 'oil-fat lamb-raising • declare that tp dip them in .Quibell's' non-poisonous. preparation bo.putting : them on "tppping-oft'", feed increases their value from Is.-to Is. 6d._ •per head, the reason being that, they put. on more'.fle'sh iii a shorter, period ..of time, than undipped lambs. . .'•'. • " Every' farmer.-should' test this statement;'it will pay, him to'do ,'«>.*' ';

: In this issue an advertisement which states that Mr. TV. H. Booth, of "Middle Run," Carterton, is prepared to. supply farmers with cattle wherewith; ;to found. Jersey ho'i'ds.. ; Mf.- Booth's cattle-are -known to'nearly -all people .interested in breeding,- a: circumstance ■which has ibeen brought about, to.some extent, by their success in, the show :rings.. :..-; -y ■■..'■ ■'_". .';>, •■ : •_ ■ The Horowhenua A; and P.' Association's Annual Show is?.to be held at Levin on February. 1. An advertisement is. appearing. ■..:.' 1 ;;..:.'■. •;,"' y-

COMMERCIAL ITEMS. IXVKSTItKNT SriAUES. Yesterday ..sales were rccordcd of. Bank, of New atv £10 125., cx dividend, and .Ward and Co., Ltd,, at £5.55. and £5 ss.'6d. The quotations "were as under.:— " Buyers. Sellers Sale? £ s.d. £ s.d. £-8.d," Bank N.Z. " 10 12 0

Bank-N.Z. N.Z. Loan and -.Mer-

cantile . '...'..1... . 0 10 0 — . Well. Trust'& Loan . 7 10. 0 — —• Christchurch Gas 914 6 — — I Well. Gas- (£10) .... 19 & .0 - - . ! Well. Gas (£6 155.) 1312 6. - . i N.Z. Insurance - — • 4 5 0 . — j Gear Meat (£1 paid) 3 i-5 0 — .— Well. Woollen (ord.) 3 15:0.: - . - Well. Woollen (pref.) 2 14 6 ; - Taupiri. Coal. 1 0 0 — — . Westport-Stockton — 07 0- — • Lcyland-O'Brien '... ! I' 6 6 — — Claiming; and' Co.-..-4.7 *6 ' — . — Miraniar,. Ltd. ...... — 0 2 3 — I N.Z. Con. Dental ... 1.2 6.13.6 — , fiharland's pref. 119 —. — I TaringaniutnTotara 24 6 ' — *r Ward and Go ' — 5 5 6 BRITISH. POST OFFICE. The.annual report for the twelve months' .ended March 31 last of the British. Post Office affords, on its-financial side v food for reflection. A -profit of £4,908.725 was made on postal business. The postal revenue ' reached the enoroioua total of £18,708,563, an increase of £582,959 on that of the previous year, and the postal expenditure amounted, to £13,799,839, which wa5'£412,642 more - than tho previous twelve months' record.. Tho telegraph revenue, including tlio value of services rendered to other departments, was £3,166,192, an increase of £67,740, :and . the expenditure in that branch, including tho interest on the capital—£lo,B67,446r-expended on tho purchase of tho telegraphs, was £4,182,559, an increase, of £37,350 upon tho figures for the previous year. The net deficit was thus £1.016,367. or £30,390 .less than, last year. The telephone revenue represented £4.711,967, an increase-of £163,012, and tho telephone expenditure;- after, -making provision for the annuity, payments in repayment of tho capital expenditure, wa3 £1,783.940, an increase of £208,945 upon the previous year. Tho net deficit was thus £25,933 more than last year. The net'revenue from tho pc6tal, telegraph, and telephone services . combined was £3,820,385, or £174,804 more than last year. These figures arc, neccssaTilv, partly estimated. Among other particulars /given in the report it is mentioned that' there were 10,104,900 money orders issued. representing a sum of £39,508,500; postal orders numbered 125,855.000, representing an amount of £43,106,000. the increa&o being 5.5.per cent, in number and 4.1 per cent, in, value; the number of active accounts in the Post Office Savings Bank was 7,913,300 at the close of the year, the amount to the ercdit of the depositors being £164,and the interest credited, to these was £3,868,000. . 1

/ • ' TJNITED .BUILDING SOCIETY. Annual meeting. The annual general meeting of . members of the United 'Building Society of ;Wellington was held at the Chamber, of Corimorce last nipht. twenty members attending. Mr. Herbert, Rawson, chairman of directors, presided. The directors' report for the year ended .October 51. 1910. has already, been .published in THE DOMINION.

The chairman explained, in reply to a question, that there, had been 68 with- % drawals from the membership of. the First Fund during tho year, involving payments or £3661 15s. '3d. The effect of this was to reduce the number of ballots and isalus by ,two-or three during the year. Wit> drawing members received back what they had paid in minus Is. a. share for expenses. 1 Tho . report and balance-shcet were adopted. v 1 Messrs. John -. Scott and 'Arthur- Young, the retiring directors, wero re-elected without opposition.

• -The remuneration. of the directors was fixed at . the same figure , as last year; namely, a-total of 100 guineas. : Mr. S. ■ C; Lcary was rc-eloctcd share-

Aoldcrs' auditor.- It was decided to continue the auditors' temuneration at 15 guineas for tho year. An appropriation of £ICOO in the First Fund was then offered for sale, and knocked down to Mr. John Castle' at £17. On behalf of * a member who drew an appropriation of £800 last August, this was offered'in two parts of £3CO and £500. Both were bought by Mr.' F. W. Faber, for £10 and £15 respectively.

0.. AND S. BUILDING "SOCIETY. The balancc-sbcet of the City and Suburban 00-operativo Building Society of Yfellington for the year ended November 30 has been circulated. The directors in tlieir report dealing with the first issue state that the profit aud loss account shows a profit of £14 17s. 6d. There still remain's to be completed one loan of £5-l which was sold by tenaer at £10 per £ICO, and the. society will therefore profit to •the extent of £50. The subscriptions in arrear-total £238 16s. The operations of the second issue resulted in a loss of £55 10s fid. This is attributed to the fact that owinp to tho large number, of members withdrawing from the society only one appropriation by lender was held durinc the year. A tliird issue has just been successfully launched.

Customs revenue collcctsd at the port of Wellington yesterday amounted to £1997 3s. 6d.

■FBTJIT AND PRODUCE ■ REPORT. . " The New Zealand Fruit and Produco Company report a steady demand for all kinds of fruit and vegetables, the prices for dessert varieties keeping hiffh. Owing to tho potatoes coming in more freely prices for these have fallen considerably. Following are the current prices for the week:—Fruit:—Hobart apples:, French Crabs lOs case, Stunner Pippins Us. case; oranges, 15s. to 205.; mandarines, 20s. to 235.; lemons, 7s. to 10s. case; pines, 12s. to 14s. case; passion fruit, 2Cs. to 255. case; bananas (Tonkas), 17s. to 18s. case; strawberries, Is. 2d. to Is. sd. box; tomatoes, 14s. .to 16s. .case; cherri<?r> (Nelson), lis. to 12s ; gooseberries, ss. to 4s. 9d. case; walnuts. 6d. to 7d. per lb. Vegetables: New potatoes,-6s. to 7s. Sd. cwt.; onions, Australian, 9s. to 10s. cwt.; cabbage. Is. 6d. to 3s. sack; cauliflower, ss. to 7s. sack; caTrots, Ss.«6d. to 4s. sack: turnips (white), Is. 6d. to 3s. sack; peas (12pk.). 7s. to ICs.. sack; French beans, 3d. to 4d. per- lb.; rhubarb, 2s. per cloz.; broad beans, lid. per lb.; lettuce, 2s. 6d. to ss. 9d.' case; sninnch, Ig. 6d. to 3s. case. Produce, etc.: Chaff, oaten shenf, £5 12?. 6d. to £5 17s. . 6d.- ton; oats, A Gartons, 2r». 7d. to 2s. 9d. bushel; bran. £5.55. ton; pollard. £6 10s. t-on; straw. 2s. to 2s. 3d. bale; wheat, 3s. Bd. to As. bushel; peanuts, 235. sack; rice, 6s. 6d.-.raat.; chickens, 4s. 6d. to ss. pair; ducks, ss. 6d.'to 6s. 6d. pair; eggs, lid. doz.; hens, 3s. to 3s. 6d. pair.

WELLINGTON MARKETS^ The New Zealand Farmers' Co-operative Distributing Company report prices for , tho week as follow:—Potatoes, prime, £6 to £9 per ton; onions, Australian, Globes, £10 per ton; cabbage, Is. 6d. to 2s. 6d. per sack; cauliflower, Ce. 6d. to 10s. per sack; green peas, Hutt Bd., Nelson fid. to 7d; per peck: carrots, Hutt, Is. doz.; turnips, white, 6d. doz.; lettuce, choice 2s. to 35., fair Is.' 6d. to 2s. per caEe; spinach, best, 2s. 6d. per case; spring onions, .fid. doz. bundles; asparagus, 4d. to £d. bunch; rhubarb, Is. fid. to -2s. 6d.. doz.; gooseberries, lid. to 2d. per-lb.; gooseberries, dessert, Bs. to 9d. per half case; ftrnwb-nrrjos, lid. to Is. 2d. per lb.; passion fruit, 10s. 6d. to lis. per half-case; cherries, 9s. to lOq. 6d. half-case; red currants, ss. 6d. to 6e. half-case; cucumbers, 2d. to 6d. each; apri cots, 75.-6 d. to 9s. 6d. per half-ease; butter, separator BJd. bulk, 9d. to 91d. pat 3, dairy Bd. to 9d. per. lb.; cheese, best factory mediums 6d. per lb.; loaf 7d. per lb.; dressed pork, 70's to 90,'s 4d., 90's to 100's 32d., baconers choppers (heavy)-2d. to 2M.; eggs, fresh, lOd. to lid. per doz.; bacon, factory sides 7id., rolls 9d., hams 9Jd. per lb.; honey, ,3id. to 4d. per lb. (slow of sale); beeswax, is. fid. per lb.; fungus, sd. per lb.'; walnuts, 5Jd. per lb. (wanted); tallow, tins, 20s. per cwt. Poultry: Cockerels; ss. 6d! to 6s. for good birds; small. 3s. 6d.jtable roosters, 55.; table' hens, 3b. 6d. to i.4s. 6d.; chicks. Is.; ducks, 4s. 6d. to 6s. !;6d. per pair; turkey, gobblers, lOd. per lb.; I hens, 9d. per lb., livo weight..,..

BANK : 01? ENGLAND RETURN. By Telegraph—V res* A ssociation—Copy rich*. « (Rec. December'l6, 7:35 p.m.) London, December 15. The Bank of England return issued for the week ended "Wednesday, December 14, is as under:— ISSUE DEPAiiTSffiNT Nolo led'JQ— £52.318,0C0 Gov.debt ... j511.015.00 Other sccurities ... 7,434,000 Gold ... 3';.sen.ooo £52,318,000 . i52.318.t00 . DEPARTXTKN'T. Proprietors* . Govt, sccuri-. capital • £14,563,000 tics... ... £15,900,000 Public, do- Other securiposits ... •- 9,880,000 . ties... ... 27.337,000 Other deposits ... 41,263.000 Notas ... 2-1.313.C00 Rest, 7-day' , anuofcher ' Coin... I.CCO.COO : bills... ... 3.130,000 1 ' £08.820.003 £."8,526.C00 The leading items of tho Bank of England return ' afford tho. following comparison:— This vrcok.. Last •week. Last year £ £ . .£ Bullion ... 1 ... 33.659.000 34.338.000 33.358.000 Reserve ... ... 523.539.000 25.885,000 2?.654.000 Note circulation "7.909.000 23.203.000 28.305.0c0 Public Deposits 10.057.000 7.C14.C00 Other Deposits 41,263,000 41.035.00J 37,418.000 Proportion of reserve to liabilities ... 60.00 60.53 . 64.3 i GOVERNMENT SECURITIES. . The following are the latest quotations for Government Eccurities. with a comparison of those ruling last week:— .. • Variations: , - compared i ' Prico. "with . • last week. £ b. d. ; 25% Imperial Consols 79 12 6 Unchanged 4 106 0 0 Unchanged 34 „N.S.W.I9IBMar.-Sop. 97 17 6 Unchanged 5 ~N.S.W.rJ3SApI.:Oct. 85 17 6 7s.6d.highcr 4 „ Vic. 1020 Jau.-Juiy 101 10 .0 30s. lower 3j ~ Vic. 1921-G Jan.-July 93.7 6 Unchanged 3 „Vic.iy29-iyjan.-july 8510 0 Unchanged „B,A. 1916 Jan.-July 93 10 0 Unchanged--3 ~S.A. IJIG Jan.-July . 8110 0 Unchanged 1 „Q'l'dl9ls-24.rau.-July 10i 4 G Unchanged 3a 07 12 6 Unchanged 3 „QTdJb!22.47Jan,-July :1 7 6 Unchanged * „N.Z.'l929May-N m ov. 10310 0 Unchanged 3j .. N.Z. 1910 Jan.-July D 5 7 6 17s.(id. lower 'i ■„ N.Z.'l94f» April-Oct. B5 10 0 Unchanged 3i.. W.A.1920-40 ilay-Nov 06 10 0 . ICs.hi her 5 „ W.A,1915-25 Uiay-Nov 83 10 0 Unchanged „Tis. lyiOJau.-July 00 0 0 Unchanged 2 ..Tas.lMHQJan.-Jnly 86 0 0 Unchanged BANK RATES OF DISCOUNT. Tho Bank of England rate, which was on January. 6 reduced from 4} to 4 per cent., on January 20 to 3i per cent., and. on February 10 to 3 per cent., was on March.l 7 raised again,to.4 per cent., but on June 9 lowered to-3 per cent. On September 29 it wae * again advanced' to 4 per ccnt., and on October 20 to 5 per cent; But oh December 1 it was lowered to 4J per cent. _ • . The Banltof Franco rate was reduced from 3J to 3 per cent, on January £3, 1908, and remains at tho latter fisure. Tho Imperial- Bank of Germany, on January 21 lowered its rate from 5 to 4i per cent., and on February 10 to 4 ner ccnt. But on September 26 it was raised to 5 per cent. , MARKET RATES OF DISCOUNT. . The followine are the market rates for best three months' bills:— London Paris Berlin rate. rate. rate, percent, percent, percent. This week 3 7-16 23 4| Last week. . 2\ : 43 .. .Last year 3 15-16 . 23 41 Short loans aro auoted at 23 per cent., as against:', 33 per cent, last week.and 4 per cent. a : year . agoi ; i f ]■

GOLONIA.Ii AND OTHER PRODUCE. Butter.—The 'rnovUct in lifelcßs. with a downward tendency. Choiccot Australian salted, is emoted at 100s. to 1025., as against 104s. to ICCs.: uiisaHed, lMs., asainst 106s. to 108s.; secondary, 965. to 985., against 98s. to 1003.: choicest New Zealand, 106s. to 108s., against 108s. to 110s.; Danish unchanged. Cheese.—The market is dull and unchanged. Coloured, 575.- per cwt.; white, 555. to sfo. Sugar—German beet, .88deg., Id. higher,. at 9s. Id. ner cwt.; first-mark prranulatcd, f.0.1). Hamburg, unchanged, at lis. Id.. Bradford Tops.—The market is ouict. Tlio current quotations are—Forties, .lid; per lb.; fovty-sixos, 15id;;. fifties, V9id.: £ftysixes, 22} d.common sixties, 25d.;. super sixties, 26d.; sixty-fours. 26Jd. THE METAL MARKETS. Copper—On spot, £a. lower) at £56 17s. 6d. per ton; three months', 6s. lower, at £57 12s. 6d.: electrolytic, £59. Tin—On spot, lfs. lower, at £174 is. 6d.; three months', £174 15s. Pig-iron,- 495. llld. per ton. Spelter, 2s. 6d. lower at £23 17s. 6d. per Silver—Bar silver is .quoted at 25id. per ounce standard. Wheat—The markets are inactive and t-lie demand is limited. Buyers are continuing a hand-to-mouth policy owing to the continuance of heavy shipments. There in rather more- inquiry for Australian cargoes. and two have been sold at 365. 3Jd. and 355. 9d. respectively. Holders ask 365. For new crop, January-February shipment, there is glow sale. Australian spot is quoted at 375. to 375. 6d.; New Zealand, 325. and 335. 6d. ' Flour.—There is a. limited demand at Zss. I 9d. for spot delivery, and 245. 6d. to 245. 9d. on passage. • . ' , Oats.—The market is ouict. Gartons, 17s. 6d. to 205.; Sparrowbills, 17s. to 19b. La Plata, • January : February. shipment, 12s. IOJd. ... u . s LONDON MAEKETS. Messrs. Dalpety' and Company, Limited, have received the following cablegram from their London office, dated December 15:—Frozen Meat.—Lamb: Australian is fd. to id. higher, but decline likely; large' ouantitv afloat expccted to arrive early. Sutton: Holders aro firm, stocks light, and demand limited. Beef: Conditions aro unchanged. • GRAIN AND PRODUCE. (By Telegraph.—Press Association.) Chrlstcliurch,' December 16 There is nothing fresh to report in connection with the cram and produce market. tho holiday having interrupted bustThe continued rain is likely to affcct tho quality of the .barley that h26 already .been cut, for while no lanre quantity has yet been reaped it is in the best barley-, crowing district that some harvesting has been done. , > ' ... Oats on light lands are being cut, but will probably be chiefly for chaff. The rains will dclny.tfce general harvest, which promised during tho dry weather ro be unusually early. - ' . The potato ; cropn r.re already shewing; considerable benefit from the rains, and ' a, fair yield may be cxpected froifl tne main crop. ! NEW ZEALAND AND'RIVER'PLATE CO. (By Telegraph.—Press Acsooiation.) Auckland, December 16. ? Tho directors of the New Zealand and River Plate Company recommend a dividend of eight peT cent per annum, including an interim dividend, and that £20,000 he added to reserve, and £7288 carried forward. The approximate profit for the year was £51,288. PROPERTY SALE. Messrs. Dalgety and Co., Ltd., Dannevirke, report the sale of Messrs. Andrew and Wilson's property.of 310 acres atNgamoko, to Mr. 0. W; Todd. Mining News and reports of Livo Stock Sales and Wool, Skin, and Hide Sales will be found ou : page .13 of this i&sue. ,