GENERAL FARMING NEWS.

Dominion, Volume 4, Issue 1165, 28 June 1911, Page 10

GENERAL FARMING NEWS.

Jtr. J. G. Harkness, of AVcllingtoii, ha? some purebred Jersey cattle on the waj out frorii the Island of Jersey. The following is a remit from the South Canterbury Fanners' Union to tho JJominion Conference"That the uovernment bo urged to import farm labourers anil domestic servants over 18 years of age." A Chertsey (Canterbury) correspondent r.tates that the grass grub has been very busv in the Chcrlsey, Seaiield, Kyle, and Tendai'vcs districts, and main' fieWs™ literally bare of vegetation. Despite this, stock throughout these districts are looking remarkably well, but in many cases farmers have "been compelled, toreduce their stock very considerably. Tt is computed that between MOO and 1000 cases of armies, and over 1000 eases of pears have "fan sent away, .bv Tauranprti fruit-growers this season. A very V,jrf increase in tl'.o yield is expected next season, as a large number of now trees will then be bearing. South Island breeders are shipping sheep to the Sydney sales. •U a meeting of the Ashburton branch of tin: Farmers' Union, reference was made by Mr. >.V. T. Lill to the disease in fattening lambs known as "sca.M," which was said to bo very prevalent in tho North Island. He suggested that the Chief Government Veterinarian should be asked to give information bearing on the disease and preventative measures to combat it. As a result of the shortage of stock feed in the Ashburton County, straw stacks are a very valuable asset on farms' at present. COMMERCIAL. ITEMS.

• INVESTMENT SHAKES. Yesterday sales of Taranaki Petroleum at t 175. and 17s. 3d. were rcportod. The buying i and selling quotations were as under:— t Buyers. Sellers e £s. d. £s. d | National Bank 6A ? 62 0 i Bank Xcsv Zealand 11 16 0 — c N.Z. and Hiver Plato ... 2 10 - ' Well. Trust aud Loan ... 7 13 0 — Well. Deposit - "86 S.B. Insurance 3 12 0 — Meat Export (.£5) 6 5 0 ~r Meat Export (52a. Sd.) — 3 5 6 ( New Zealand Shipping ... 11 12 6 11 15 0 Union Steam .... ? . „ : Well. ■ Woollen (ord.) ... 4 1 0 — Well. Woollen (prof.) 3 10 — Westport, Coal 19 0 — . Westport-Stockton - 0 3 J Kauri Timber (155.) 017 0 017 6 I Leyland-O'Brien 17 0 - . Manning and Co — not' Jliramar, Ltd — 0 2 6; N.Z. Drug 1 2 9 3 . — < Taranaki Petroleum 0 16 6 0 17 3 Taringamutu Totara ... 2 6 0 210 0 Ward and Co. . 5 0 0 ~ Well. Opera House — 7 17 6 AMERICAN CONDITIONS. The business situation in America must always have a special interest, for us,. although there are some who contend that the position ot atfairs in the United States do not aifect us in the. least. The tamo opinion was expressed alter the financial crisis of 1907, aud it was not long before New Zealand felt the pinch. Now advices dated April 29, state that Conservative people base their hopes on the very fact that thorough-going liquidation :s i done uXh, on the great strength of the bank position, on the accumulated foreign credits, and on the change in the external trade from last year's abnormal import excess to a handsome export balance. "But when this is said," the report continues, "it must bo added that the patience of the community is being sorely tried. January and February brought au unexpectedly largo rush of new orders into the steel trade and other industries. Business picked up throughout the country, and people began to grow confident of steady recuperation. Instead-of that, the markets fell back almost immediately into a stagnation as great as that of the duller days of 1508. The Stock Exchange itself is an index, ns usual, to those conditions. Until very lately a full five-hour business day of less than half a million shares on the Stock Exchange was called dull. The week before last, however, the actual daily avrage for all the week was less than 145.CC0 shares. In the middle of this month, after a steady dcelinc in the number of shaves dane pel' day, t.lic total for a full day's business fell to 1C6.0C0 shares, and it was pointed out at the time that. . with two exceptions, this was actually the smallest day in fifteen years. Only on July 3. 19C8. at the low point of aftcr- ! nanic reaction (when business fell to ' 70 800 share;), and on March 10, 1904, at the 1 similar low point of the reaction following the 'rich men's panic' of 19C3 (when • business was only 73,300 shares) lias the > low level of April 13 been paralleled." The danger lies in the accumulated I foreign credits, because in. about five or six weeks hence, America, will be drawing i on that balance to meet the harvest cs- ' nenses. When America, begins to draw nil t Europe, it is London that has to bear the. brunt, and there is thus a probability of an early advance in the rates for money. The Dnlefielrt Dairy Factory Directors c■' have derided to instal five new Victor - Milk Vats, anil have instructed Mr. Ale iicrt J. Parian, of Carterton, to deliver e them complete for August. Anyone ing teresed in iniik vats, cans, or cheese hoops should write for a catalogue. Tlio o "Victor" makes nro out on their own for quality and HuLsU. Write now.*

PREMIUM BONDS. Premium bonds iro scarcely understood by the people of New Zealand, but, or. the Continent of Europe, they are til? most favoured form of investment, especially by thoso who have only a few pounds to la.v out- Tlio bonds ttr? what are known as "bearer bonds"—that ia, payable to bearer, and are in the nature of the ordinary banknote, Except that they carry the Government guarantee. The rati of interest is small, but, against this, there is the fact that there arc many drawings cach year of prizes for substantial amounts., and this is the great- attraction. These premium bonds are being introduced to New Zealand by the In'ernation.'il Investment Company. Ltd.—a- company formed in Auckland about two ycar3 ago, with o. strong directorate. The company has built nn stn excellent connection in the northern city, and is now extending operations to other parts of New Zealand, ilr. E. Noton, who is a_ director of the company, has come to Wellington to onen up business here, and has taken offices m Nathan's Buildings. Grey Street. In an advertisement coveri"e: half a page of this issue an interesting explanation is given cf the nature of tho premium bonds, and anv further information that may be desired can bo obtained on application to Mr. B. Noton, as set forth in the advertisement. LLOI'D3 AND THE BUDGET. Th" underwriters at Lloyds are reported to have made a great win over Mr. Llovd-George's third Budget. Assurers are probably, though not always, lucky 111 speculative ventures, such a; insurances against alterations in existing taxation, but, on this occasion, al! previous records are beaten in the measure of the succcer, of their enterprise. The demand of the insuring public this year for Budget policies l'as been greater than usual, and has covered a wider range of necessities and luxuries. It would appear that sugar policies were in greatest demand by manufacturers, and the premium charged has ben subicct to tlio most fluctuation. It is stated," however, that underwriters profits on sugar business amounted to a) and 25 guineas per cent. Business in tea was brisk at 20 guineas against abolition, and 25 guin-as against reduction in the duty, and coffee paid 35 guineas against redoo. tion only. Tlio premium, to pay a total lo=s for a decrease in the tobacco cuty. wis 15 guineas. Spirit* were steady at 15 guineas against reduction. The greatest harvest which underwriters reaped, howover, was ir. connection with the lncometai, the demand for this protection bemi good. "Underwriters pocketed tlio substantial feo of 50 guincar, per cent, for cach income-tax insuranco issued.

Customs duties collected at the Port of Wellington yesterday amounted to £2256 lis. Bd. TRADE IN ALLEX STREET. Vegetables—Excellent rates have been ruling during the week for cauliflowers and up to 16s. per sack has been obtained for prime quality. Cabb-.*c; arc in gcod demand at 6s. to 9s. per sack for prune. Carrots aro ruling at 4s. to 55., parsnips at 3s. 6d. to 55.; swedes are in heavy supply and fetch Is. 6d. per c.vt.; pumpkins ill well-filled sacks arc bringing 4s. to ss. Fruit.—The s.s. Warrimoo is due from Sydney to-day with the usual weekly shipment of pineapples, passion fruit, oranges, lemons, and mandarines. The Taluno from the Cook Islands is also due at Auckland with further- supplies of oranges and bananas, and the Wellington portion of the shipment should comc to hand on July 3. Cooking apples are in excellent demand, primo green realising 6s. to 75., good to ss. 9d. Dessert apples, choice coloured, arc fetching 9s. to ICs.; Sturmers, of primo quality, Bs. to 9;.; good, 6s. to 7s._6d. South Australian lemons, Ei. to 95.; New South Wales lemons, 6s. to 7s. Butter is in exceedingly short supply; prime hulk is worth Is. id. to Is. 2d. per lb. Cheese—A fair business is packing, but there is no change in prices. Margarine is in fair demand at Bid. to 9d. per lb. for Australian made. Eggs.—A further decline has taken place, and fresh egg 3 aro now quoted at Is. Bd. to Is. 9d., with preserved at Is. 2d. per dozen. Bacon and liams have again advanced. Haras are now selling at 9d. per lb.; sides, Bd.; rolls, BJd. ... ~ Honey—Prime bulk (£6lb. tins), is worth 4d.. per lb. ■ ■ „ , „ , Lard, in pound pats, Bd. per lb.; bulk, (id. Poultry.—Hens, 3s. to 43. per pair; cockerels,. 3s. to 55.; ducks, 4s. td. to Gs.; turkey gobblers. 7d, to Bd. per lb. live weight; hens. 6d. to 7d. Oats.—The market continues very firm. A grade Gartons. 2s. 7«d.. f.o.b. south; A erode Sparrowbills, 2s. 7d. per'bushel. Chaff.—Owing to heavy shipments from Victoria, the market is a shade easier. Baled Straw.—Primo wlieaten is selling at £2 15s. to £3 per ton. Baled Hay.—Prime quality. £4 10s. per ton, with choice at £5 to £5 ICs. _ Fowls' Wheat—A good demand exists at 4s. to 4s. 2d. per burficl. Maize—Good business is being done at 3s. 2:1. to 3s. 3d. per bushel, ex store. Pollard.—The market, continues steady the Wellington quotation being £6 15s. to £7 ss. per ton. Bran is without change, at £5 15s. per ton. ex store. Flour.—The millers arc not prepared to book forward sales, the nrioe, however, is unchanged at £3 10s. ner ton, f.o.b. south, lc c s customary discounts. "Riccmeal has good inquiry at £5, and ri"e jlour at £6 per ton. Potatoes—Seed varieties, such as Un-to-Datc, Princess. Victoria., and Northern Star, range from £6 to £7 tier ton; prime t?Me potatoes, £5 to £5 10s. Onions.—The market is heavilv stocked with both Now Zealend and Victorian; the latter are worth £5 to £5 10;., and tho former £4 to £4 10s. The Now Zealand Loan and Mercantile Agency Company, Ltd.. have received the following cablegram from their London house, under date Juno 24;— Frozen meat; Tho demand for rontten is improving. The market is slightly improved for lamb, but the market, for beef is weak. MINING NEWS.

WELLINGTON SHARE MARKET. Waihis sold up to 675. 6d. yesterday, but the improvement was not wholly duo to mine development, but rather to the fact that a. great many punters have over-sold, and are unable to give delivery. Tho position is very interesting, and trouble is likely to arise unless /the Stock Exchange 'intervene. The sales recorded yesterday were as under:— Consolidated Goldflelds, 21s. (second call). May Queen, 2s. 7d., 2s. 6Sd. (third call)., • Waihi, 665. 6d. (first call), 665. 9d., 675. (second call), 675. 3d., 675. 6(1., 675. 6d. (third call). The buying and selling quotations were as under:— _ „ ~ Buyers. Sellers. . £ s. d. £ s. d. Elackwater i' »?, „ « Urcniner's 00 3* 00 5s Con. Goldfields 1 0,9 113 Kurantii Caledonian — 2 15 May Queen 02 6 0; 7 New Sylvia £.28 029 Occidental 0 0 3 — Progress ■ — 014 0 Saxon 0 1 U 0 2 0 Tairua. Mines 02. 0 JJ 1 Talisman 2 9 0 2 9 6 Waihi 3 7 6 3 7 9 Waihi Grand Junction... 17 9 18 0 Waiotalii ■ 0 3 0 03 3 Waitangi 0 2 8 — Watehroan 0 19 - 0 2 0 Waihi-I'aeroa 0 11 6 — Worksop Dredging — 2 0 6 Mystery Flat — 0 8 6 STOCK EXCHANGE. (By Telegraph—Prcai Association.) Auckland, Juno 27. Business done on 'Change this morning: May Queen. 2s. 10d., 2s. Bd. Mo'nnataiari, s|d. , Waihi, £3 6s. 6d., £3 7s. 3d. Grand Junction, £1 Bs. Northern Steam, 15s. Bd. (con.), 7s. 3d.' The following business was done at the 3.15 p.m. call to-day:— ■■ May Queen, 2s. 9d. to 2s. 7d., 2s. 7d., 2s. 'Bd. New Sylvia, 2s. 9d. Waiotahi, 3s. 2d., 3s. Id., 3s. 2d. Watchman, 2s. Bremner's Freehold, 3jd. New Waitaia, Bd. Wai'ni Grand Junction, £1 Bs. Waihi, £3 6s. 9d. Tairua Mines, 2s. _ Tairua Golden Hills, 10s. Auckland Gas, £3 l<s. Northern Steam (paid). 15s. 9d. con., 7s. 3d. Although Talisman Consolidated shares are not being quoted on the Exchange. it is understood that sales were made to-day at £2 9s. 3d., there licinpc further buyers at £2 9s. and sellers at £2 9s. ia. Christchurch, June 27. Sale reported on the Stock Exchange of Canterbury:—Bank of New Zealand, £" "s. £d. Dunedin, June 27. Stock Exchange sales:— Golden Bed. lCs. 6(1. and Shine. £1 17s. 6d. 1 Talisman Consolidated, £2 9s. Sale? reported ! i Dominion Ev.bhor. ss. prem. OM Tlauraki, 2s. 2d. ' Waihi Grand Junction, £1 17s. 10>d. TiMng Sun. £2. 1 TI.T.C. pre'.. - r l 3s. I O/Melds, £1 is. c u r nih«. £3 7s. N<-w Zealand Insurance. £4 9s. 6d. Milburn Lime, £2 Cs. 3d.

j Bart*, Leary & Williams, ~ Aigar T. Williams. E. V. Ilunt, F.I.A.N.Z. q Sharebrokers and r Professional Accountants, Telcgrans-'Barky, WellingtonvJ