FARMING AND COMMERCIAL. WELLINGTON WOOL SALES.

Dominion, Volume 5, Issue 1277, 4 November 1911, Page 8

FARMING AND COMMERCIAL.

WELLINGTON WOOL SALES.

THE 1911-1912 SEASON. Catalogue Date of Rale. Closes. Tuesday, November 7, 1911. Nov. 3 Monday, December I, 1911 Nov. 28 Thursday, January 11, 1912 Dec. 30 Tuesday, February- 13, 1912 ....... Feb. 5 Tuesday, March 5," 1912 March 1

&SWB AND NOTES,

THE KAI-IWI HEREFORDS.

NEW IMPORTATIONS. At one time, Te Rangitumau was a name to conjure with in the Hereford world, but with the dispersal of the great herd, developed with such skill by Mr. James Stuckoy, tho scene of tho most important work in the breeding of Hereford cattlo changed from the Wairarapa to the Wanganui district, where is an ideal environment—ono of tho finest grazing estntes in the Dominion—and Mr. Frank Moore has bniit up one of the' best Hereford herds in Australasia.

Mr. Moore is even now not content with the_ success he has already attained, He is importing tho two best bulls procurable in England. These have been selected by the old master of To Rangitumau. Both buds were selected from the famous herd of Mr. A. P. Turner, the Lecn, Pembridge. Lincolnshire, which has a worldwide reputation. One. is a two-year-old, named Montezuma,' which gained'the second award at the last Royal Show of England, iir.'t and championship at Fresteign, and topped his class at both Newport and Leominster. Mr. Stnckey describes him as a first-class bull, with a lot of flesh and, quality, while both his dam and grand-dam are very fine cows. Mr. Stnckey decidedly preferred Montezuma to the Royal Show winner, which was under offer to him. Tho breeding of Montezuma would satisfy the most critical breeder. His sire is the great bull Lord Lieutenant .(22323), and his pedigree on his dam's side is as follows:—

First dam, Moonwart, by Parton; second, Madge 2nd., by Clarence; third, J'arlgp, by Marplot; fourth. Margerv, bv Pipton Sovereign; fifth, Josephine, by Sir Edward; sirfii, Ida, by The Grove; roventh, Vesta, by Snartaii; eighth, Daffodil, by Bachelo'r; "ninth, Paulina, by Bertram; tenth, Dorcas, by Tom of Lincoln; eleventh, Olive, by 'Andrew 2nd; twelfth, Piety, by Cob'den; thirteenth, Beauty, by Sir Walter.

TII3 second bull is n nine montnY old calf named Opawa, which Mr. Stnckey considers will make another Colonist, rc"cognised as tho best stock bull ever imported to this country. "Writing of the youngster, Mr. Stnckey observes: "I think with care he will make a grand stock bull. Ho has a lot of constitution and flesh. Kis dam and grand-dam aro two fino cows." The sire of Opawa is the noted bull Grosvenor (2GPfil), which won the first award at tho Herd Book Society's show end sale in 1010, and was afterwards sold, for exportation to South Africa, nt a high price.' His great grandsire gained the first ticket at the Koyal (where no championships are given), and was the champion at Malvern, when only a' yearling. In Mr. Sluekey's opinion Onawn is the best of Mr. Turner's calves. Like Montezuma, Opawa boasts of an aristocratic pedigree. His sire is Grosvenor ('2COOD, and his pedigree on- his dam's side reads:— .

First dam, M.nidenhnir, hv Perthshire; second, Mermaid, by Statesman; third, Pansy, by Sir Edward; fourth. Orange •Lily, by .Corsair; fifth. Water Lily, by Spartan; sixth, Lilv, by Bachelor; seventh, Aconite, by Frankv; eighth, Garland, by Matchless: ninth, Leah, bv Solingbroke; tenth. Gaylass. bv Sorcerer; eleventh. Gandy. by Defianc'e; twelfth, Beauty, by Old Conrt.

•■ .Before competing his commission, Mr. Stnckey m.-.do a thorough inspection of •the Hereford herds of England. He waVasked to spare'no expense, and lo secure tho best bulls procurable in Hm Obi Country. These instructions Mr. Shiekoy has faithfully carried out. He paid lonV prices to gain possession of the bulls he selected, and is satisfied he is sending out to (he Dominion tho two finest animal'-, obt.ninabl".

The. bulls are being imported thrnu.-h Messrs. Murray, Roberts, and Co., Ltd.. nnd .""-c due in the Dominion on November 25.

AT THE MARKETS.

- HIGH KATES FOE FRUIT. Sydney fruit, ex the Mocraki, reached a fair market this week, and for that portion of tho shipment which arrived in good condition high rates were realised. Unfortunately for both shippers and buyers a considerablo portion of the fruit was landed in an overripe condition, and much lower rates had to bo accepted for this. Choice mandarins sold at 12s. to 13s. tld. per case, and poorer lots brought 7s. to 10s. Choica oranges made 10s. to Ms., and lower grade, 6s. to 9s. Lemons were in over-supply at 4s. to 7s. Cd. per case. Passion fruit met with keen competition, half-cases jelling at 13s. to 18s. American apples aro selling slowly at 15s. to l"s. per case; Ta-snianian "apples sold from 12s. to 14s. Gd. per ease. Further supplies of American fruit will arrive hero on November 9. All sprine; products and vegetables aro much lower in values. Gooseberries are selling at Sd. to Cd.-pcr lb. Local grown strawberries realised 2s. Gd. per lb yesterday. New Potatoes are selllnc at lJd. to 13<J. per lb.; cucumbers, 4d. to 7d. each; French beans, sd. to Old. per lb.; green peas, •Is. to ss. per bag; asparagus, -IUI. to Sd.'bunch; tomatoes, Is. 2d. to Is. lid. per lb. j rhubarb, 3s. to ss. per dozen. Eggs are plentiful at lOd. per dozen.

ELECTRICITY AND SHEEP RAISING.

According to Professor Silas Wentworth, of Los Gatos, California, his experiments with electric influence on animal and vegetable life at his experimental farm on a ranch' near liosevillo during the past year have proved that electricity will more than doublo the production of lambs and greatly increasethe yield of wool. A flock of 2000 sheep was _ divided, one-half being placed in a field under the power wires of an electric power company, whilo the other was removed from electric influences. In the field under the electric powor lino tho production of lambs averaged a fraction over two lambs to each ewe. In the adjoining field, where electrical influence was lacking, tho lamb averago was lesi than ono to each ewe. Similar differences were noted in the yield of wool from tho sheep in tho diftcrent fields. I'hu fleeces from the sheep in tho olcctri-cally-mlluenccd field proved 20 per cent, heavier. Preparations are being made to plough up both fields and plant wheat, when the effect of tho current on tho growth of that cereal will bo tested.

SHOW DATES.

Novembor 7 and B.—Waikato A. and P. Association, at Claudlands. Novomber 8 and o.—Egmont A, and P. Association, at Hawera. November 8, 'J, and 10.—Canterbury A. and P. Association Metropolitan Show, at Addington. Novomber 11 and 15.—Marlborough A. and P. Association, at Blenheim. November 15 and 16.—Wangauui Show, at Wanganui. November 21 and 22.—Nelson A. and P. Association, at Richmond Park. November 22 and 23. —Taranaki A. and P. Association, at New Plymouth. November 2D and 30.—Stratford A. and P. Association, at Stratford. January 31— Ilorowhenua A. and P. Association, at Levin. January 31.—Bush Districts A. and P. Association, at Woodville, • February G and . 7.—Fcilding A. and P. Association, at Icilding.February 7—Central A. and' P. Association, at VVaipukurau. February 9.—Palnntua A. and P. Association, at l'ahiatua. February U and 15.—Dannevirkc A. and 1\ Association, at Dannevirkc. February 21.— A. and P. Association, at Taihapc. February 20 and 21— Mastcrton A. and P. Association, at Mastertoa»

COMMERCIAL ITEMS.

INVESTMENT. SHAKES. A sale of Wellington Gas preference ehnres at 2=. 9d. was the only transaction recorded yesterday. The buying and selling quotations were as under:— Buyers. Sellers, £ s. d. £ e. d. Well. Trust and Loan ... 7 10 0 — Well. Deposit — 0 8 0 Auckland Gas 3 5 6 — Christchureh Gas 910 0 — Fcilding Go: - 12 3 Gisborne G-as — 3 16 Well. Gas (£10) 18 7 6 - Well. Gas (now) — 3 0 0 Well. Gas fpref.) — 0 3 0 Christohurch Meat - 15 0 0 Meat Export (£4) — 5 0 0 Meat Export (525. 6d.) ... - 3 1 C Union Steam 1 18 6 — Well. Woollen (prof.) ... - 219 0 Taupiri Coal 10 9 — Westnort Coal -- 19 0 Manning and Co — 4 0 0 N.Z Con. Dental — 15 0 N.Z. Paper Mills 10 0 - Saarland's ordinary — 14 3 Sharla lid's preference ... — 14 9 Taringamutu Totara ... 2 6 3 — Ward and Co — 5 0 0 Well. Opera House — 5 0 0 Whitcombo and Tombs 612 5 —

WELLINGTON WOOL SALE. The first sale of tho w(KM>oliing season, 1011-12. will !io held on Tuesday next at Wellington, when the catalogues to he submitted by tho associated brokers, will show an aggregate of about. 900 bnlos. At the first salo b.st year 1295 bales were offered, so that Hie ratal<»s;iia for Tucsd.iv shows a reduction of fully one-third. The reasons for the shrinkage are easily given. The transport of coastal wool and small odd-lots has stopDCd to a. large extent through the small steamers heing tied np. Had this strike not happened a good deal of wool would have come forward from Marlborough, as it is only some odd lots have come to' hand via Picton. Another reason for the sm.illneru of tho catalogue is the fact that the salo this year is five days earlier than it wa-s last, and that makes a big difference. However, there should bo compensation for all this ia tho Decomber sales.

LEYLAND-O'BEIEN TIMBER. The balance-sheet, of the LcyUind-O'Brinn Timber Company Ltd., for the year ended September 30 last has hcwi circulated. The net profit for tho year was £12.106 17s. 9d., and there waa brought forward from fro previous year £987 ss„ making available a total of £13.094 2s. 9d. Tho dividend for the year at tho rate of 75 per cent, absorbs «,625, tho rum of £5500 is added to tho reserve fund, bringing that fund up to £22,K0, the bonus to employees absorbs £600, directors' honoraria £600. leaving £.1644 2s. 9d. to be carried forward. The gros3 receipts amounted to £E4.952 165., and the expellees araonnted to £42,245 ISs. 3d.

T7.S. MOTOR-CAR OUTPUT. The rapid expansion of tho motor-car industry in the United States is shown bv the following fienres. Tho United Ktates Motor Company produced in tho Eerson ended July 31 last apnroximatelv 27,000 motor-cars. For 1912 it is proposed to make 15,000 to 20.000 Maxwell cars, 10,tf0 to 15,000 Brush ears, «Ki lo 6CCO StuddardDayton cars, 1000 Columbian cars, and Klv Sampson trucks. President Briscoe believes that of the large American production of motor-ears expected far tho coming year the major portion will he made by a comparatively small nuinber of bis producers. [\n further says "that tho automobile business is now down to a basin of stability that averages with any other business. Reports from the company's IfiCO dealers in various town:, and cities indicate an active and steady demand for it 3 products. It is stated that in no previous year at this time has the company had so many orders on its books for immediate delivery.

Customs duties collected at. the port of Wellington yesterday amounted to £4136 4s. 6d. WELLINGTON MARKETS. Messrs. Lncry and Co.. Ltd.. Wellington, report wholesale prices ruling on the market as under:—Wheat, good' whole fowls. 43. Ed. to 4s. 6d. bushel; oats, good fed, 3s. 6d. to 3s. 7d.; oats, seed white. 3s. 9d.; Algerian feed oats. 3s 3d.; rye corn 3s lOd.j maize. 3s. 9d.; fowls' barley. 3s '3d.Cape. 3s. 6d.: crushed malt, 7s. 6:1 • partridge peas, 4s. 6d. to 4s. 9d.; po'llard. £6 ss. to £6 10s. per ton: bran. £6 55.; flour. Atlas, £9 ss. 6d.: chaff, oaten sheaf. £6 ss. to £6 10s.. sacks in: rice flour £5 15s. per ton; rice meal. £4 15s. pir ton: potatoes, tahlo, £4 lOs. to £5 per ton; potatoes, now. l?d. to 2d. per lb.; onions. Californian, £!2 10s.; basic slog. £4 ss. to £4 IC-,.» superphosphates. £4 15s. to £5; oatmeal. £14 10s.: rolled oats in 4's. 9s. 6d. dozen; cheese, medium-sized. 6>d. per lb.: loaf, 7d. ner lb.; butter, prime bulk, 10(1. tolld.; fresh eggs.lOd. tolld. nor do?.en; honey. 56's bright, 4d. lh.; linseod nuts. 13s. per cwt.; linseed cake, crushed, 13s. 6d. per cwt.; bacon, sides 8;d. ner lb.; bacon, rolls. 9id. per lb.: hams. sd. ner lb.; fowls, hens 3s. to 4a., young roosters 3s. 6d. to 55.: ducks. 4s. 6d. I" 6=. all at ner pair: turkevs. gobblers, Bd. to 9d. per lb. live weight, hens 6d. to 7a. BANK OF ENGLAND RETURN. By Telccranh- Press Association—Copyright (Roe. November 3, 8 p.m.) London. November 3. Toe Bank of England oturn issued for tho week ended Wednesday, November 1, is as under:— Isstf, rjßPATvntnvT Koteltsuo... £53,6DG.<«0 Gov. deht ... XII.US.W Other seeuri tio.i 7.414.(100 Gold 33.347.000 £33.606,003 i33.695.U.'(j BiNEiHa Departmest. Proprietors' Govt, socur't- jSU,O3O,COO capital £14.5i3,000 ties Public do- Other sccuriposits ... 7.202.00 D tics 57.649.C0fl "Other doposits ... 12.556.000 Notos ... 21,557,000 liest, 7-day and other tills 0.146.000 Coin 1,101.000 £37,137,030 £67,407,00 l Tho leading items of tho Bank of England return afford tho following comparison;— This woo': Lastwca'i. Last year £ £ i million 35.247.C00 3fi.-292.C00 30,020,003 Reserve M.742.UM :7,'211.0!I0 2i,oJS.uw Koto circulation -20.145.00,) 2S.ijißi.ioo -2S.tO7.Wi) Public Deposits 7.-202.0UJ 7.2.-i3.000 6,5i0,iW0 Other Deposits 42,58d.0JJ 41.-232.0JJ 3S,IJ-2,OJJ Proportion of reserve 60 liabilities ... 51.69 . 52.80 43,17 GOVEKNMEai SFCIiKITIES. The following arc tho latest quotation) [or Government securities, with a comparison of those rulius last week:—

BANK RATES OP DISCOUNT. The Bank of England rato was, on December 1, 1910, lowered from 5 to 4J nor cent.;-on January 27 it was lowered to 4 per cent., on February 16 to 3i per cent., and on March 9 to 3 per cent. On September 21 it was advanced to 4 per cent. The Bank of France rate was reduced from 3J tn 3 per cent, on January 23, 190!. and continued at the latter figure until September 21, 1911. when it was raised to 3J per ctnt.

The Imperial Bank of Germany reduced its rate from 5 to 4i per cent, on February 6, anjl on February 19 tho rate was further reduced to 4 per cent. On September 19 tho rato was rained to 5 per cent.

MARKET RATES OF DISCOUNT. The following are tho market rateo foi best three months' bills:— London Paris Bcrlit rate. rate. rate. percent per rent, por cent This week 3 7-16 3 4.| Last week 33 3 4; Last year 4j\ 23 43 Short loan? arc ouotcd at 2.1 per cent., a? compared with 2J per cent, la&t week, and 45 per cent, last year. COLONIAL AND OTIIER PRODUCE. Wheat.—Tho markets are inactive, with a lower tendency all round, ohicby owingto the excellent croc jjrosnefits ai J-r-

geutlna and the reports of rain and improvement in the conditions of Australia, buyers are filling only pressing requirements; cargoes are neglected; 3Cs. 9d. is asked for Australian July shipment. 265. 2d. for January-February shipment, 365. £d. for January shipment; 355. has be'en paid for parcels November-December shipment. There is little demand for Australian on spot at 37g. New Zealand best 355. 6d. to 355. 9d. Flour is neslccted. Australian, ex store, is quoted at 255. 6d. Oats are generally weak. New kealand oats aro scarce and firm. La Plata De-cember-January shipment, 16s. Peas aro dull and unchanged. Beans aro firm. New Zealand beans are scarce, and aro quoted at 355. 6d. to 365. 6d. Butter is quiet. Danish, 1345. There is a steady demand for Australian, the small arrivals being cleared well. Choicest salted. 1265. to !2Es.; unsalted, 1305.; secondaries are slow of sale, at 1525. to 120s. The quality of tho new arrivals is generally very iratisfactory. Sugar.—German beet. £8 per cent, net titre, unchanged, at 175.; first mark eranulatcd, f.o.b. Hamburg, Sd. lower, at 19s. 7d. per cwt. Bradford Tops.—The market is nrmer. Hie quotations for futures being, sixtyfours, 243 d.; super sixties, 24Jd.; common sixties, 223 d.; others, unchanged. THE METAL MAEKETS. Copper.—On spot, Is. 3d. higher, at £55 15s. per ton; three months, unchanged, at £56 1C«.; electrolytic, 2s. 6d. lower, at £57 12s. Cd. Supplies, 33.957 tons; deliveries, 39.4 M; in stock, 61.236; afloat, 5909. Tiu.-On spot, £3 15s. lower, at £186 10s. per ton; three months, £5 lower, at £190. In stock, 14,743 tons; on tho spot, 6593; afloat, 4090; deliveries, 3195. Lead, sofo foreign, ■ unchanged, at £15 12s. per ton. Pig-iron.—Jfiddleboro' No. 3, 455. 6d. per ton. Spelter, unchanged, at £26 10s. per ton. TALLOW. By Telegraph—Pres3 Association—Copyright London, November 2. In stock, 3421 cashs; imports, 3031; deliveries, 5636. WHEAT SUPPLY. Uy Telegraph—Press ,\c<iHialion—Copyright London, November 2. Tho American visible supply is 96,617.000 bushels. THE PRODUCE MARKET. (By Telcerapii -Press Association.) Christchureh, November 3. The wheat market keeps firm and eteady, but there appears to be little or no business doing. The local millers are only buying odd linea, and keeping up their stock, and the same may be said of theso in the North Island. Apparently, there <vill bo no shortage before next harvest, as it is reported that there is a considerable quantity stiil in the hands of grain-

ors, who aro holding in the hope that tlic market will improve before the nc.vt crop is available. What few rales take place are on a basis of 3s. Cd. to 3s. 7d. at country stations. No sale has been reported of late at over 3s. 7d. There is a. larger quantity of c.atsheaf chaff on offer, but prices keep fairly finn. 92=. 6d. to 935. at country (Stations still being the rulim; quotations. Tho potato market has weakened again, and Is now the outside price that can lie obtained at a country station. New potatoes from the north of Auckland and loeally-ft-rown are now on salo in the city retail shops.

1 Variations comparod Trio. with last wook. £ 5. d. 21% Imperial Consols 70 2 6 ins hicW 4 N.S.\V.19S3Jim.-Jiily 103 2 li " S M i,;..w SS ..N.S.W.W18.«ar.-Sop. 08 10 0 Unc'haujed 3 ..N.ri.W.luJoAul.-Oct. 37 0 0 Unchanged i ,.Vk.l02DJan..July 102 10 0 ?s 6<i.Imror 3S„Vic.l9>K,Jan..Ji.ly IIS 10 0 Ss liH or 3 „Vlc.lM9-(l)Jan.-July 83 0 0 Unoli-n-cd 3j „S.A. 1916 Jan.-July Hi 0 0 Unchanged i ,.S.A. li)l>wan.-July 6-J 0 0 Uncliau"cil \ " Q ',!',5 1 , a , 1 , : i" 2 i'I' lu -- Ju, >' ll H ° ° Unchanged 3i „U'l'dW2l-30Jan..Ju|y a7 10 0 Ms liiulioi3 „QTdluiM7Jaii.-July -5 0 0 Unchanged 4 „N.Z.l!)33May-Xov. 101 10 (1 7s6d.iiisliov 31 ,.N.Z. HMO Jau.-July liSl 5 0 !!s.ftlhU'hor 3 „N.Z. IH13 Apiil-Oct. to 10 0 10s hichcr 3i„ W.A.lSJ0-10May-Xov M 10 0 Unchanged 3 W.A,l01i-35May-Nov «"> 0 0 15s. higher 33,.Tas. 10<0Jan.-JuIy Da 0 0 llnehauijod S,.Taa. 1923-liJ Jan.-July[ Si 10 u Unchanged