GENERAL ITEMS.

Dominion, Volume 5, Issue 1499, 23 July 1912, Page 10

GENERAL ITEMS.

The Feilding A. and P. Association recently discussed the question of providing green feed lor show stock. The charge per feed is to be lowered from 6d. to 3d., it being considered unwise to give the leed free. Air. J. Knight offered an acre of lucerne, and the president offered to plough' and sow in ryo and clover an acre near tho showgrounds, the use of winch Jfr. Eliott had offered. ' Theso crops will be cut to provide the feed required. The sum of JSOO has been allocated as prize money for the 1913 Feilding Show. The secretary informed the committee at last week's meeting that last vear .£750 was scheduled, and on the suggestion of the president it was decided to make an increase. At the last meeting of the General Committee of the Feilding A. and P. Association a letter was read from the New Zealand Homney Harsh Shecpbreeders' Association stating that the'next annual Ilainney Earn Fair "would be held at Feilding. ' deferring at the annual meeting of the Jersey Breeders' Association to the matter of judging on score-cards, tho chairman said the council had made inquiries dn the question of score-cards, >and had found that, where the system had been tried it had been found unworkable. The Feilding A. and P. Association has been offered the championships for ram and ewe by the New Zealand Romnev Harsh Shcepbrecders' Association. At tho meeting of the committee last week the offer was accepted, and a vote of thanks accorded the association. Mr. Ernest Short has offered a twoguinea pipe to the member of the Feilding A.' and P. Association's committee who secures the greatest number of new members for the three months' period commencing August 1. The first recorded shipment of butter from Australia to London since the beginning of the 1912-1313 export season on July 1, says the Melbourne "Age," of July 11, comprised a consignment of 100 cases, equal to 2J- tons, which were forwarded from Brisbane by the steamer Persic. There have, of course, been shipments to Eastern ports, business in that direction proceeding nowadays practically without any inter-seasonal break. The general expectation appears to be that a, serious start with exportation to' the United Kingdom is not very probable earlier than September next, although with mild climatic conditions and an early spring, it may be found possible to dispatch limited quantities late next month. • At tho annual meeting of the Jersey Breeders' Association it was decided: "That the council be asked to formulate a scheme and offer a prize from the funds to encourage young breeders in judging Jersey stock at shows."

"Thinking well is wise; planning well is wiser; doing well is wisest and best of all." Factory managers who are convinced of the superiority of "Victor" Vats and who mean to instnl them had better place their orders at once. About 70 Vats are now on order, but no difficult}' will be experienced in fulfilling .contracts made early. Despite the strike in England complete arrangements have been made for full supplies of the best materials for. "Victor" Vats. Get into communication with the manufacturer today. Albert J. Parton, Carterton. A WINNER 01' 'COMPETITIONS. The EgR-laying Competitions for 1910-11 and .1911-12 were both won by pens' reared, on "A. and. P." Chick Raiser. The firs! sssential for profitable poultry keepin\;. Obtainable from all Storekeeßers.' COMMERCIAL ITEMS. INVESTMENT SHARES. The sales of investment shares recorded s'esterday were:—Wellington Woollen preference at uSs., and Sharland's ordinary at 235. The buying and selling quotations were as under:— Buyers. Sellers.' £ s. d. £ s. d.: National Bauk — 619 6 N.Z. and River Plate 1 19 6 Well. Investment 0 11. 9 — Well. Trust and Loan ... 7 '9 0 — •Feilding Gas ; 10 6 —. Well. Gas (£10) 18 5 0 18 10 0 National Insurance' 1 18' 9 — Mosgiel Woollen 3 6 6 3 8 0 Well. Woollen (ord.) 3 9 0 . —■ Well. Woollen (pref.) 2 17 6 2 18 6 Hikurangi Coal ; 0 18 0 — Taupiri Coal 12 6 — Leyland-O'Brien — 17 0 Taringamutu Totara ...... - 2 a 3\ Donaghy Rope and Twine 14 9' — Golden Bay Cement — 110 Ward and Co 5 2 0 IMPERIAL CONSOLS. Imperial Consols were quoted on Friday at £74 2s. 6d., the lowest price yet touched on this gilt-edged security. The decline has been very m-irked during ths past few weeks, as the following will show:— Price. £ s. d. June 28 76 10 0 July 3 76 0. 0 July 5 76 2 5 July 12 75 12 6 " July 16 - 75 0 0 July 18 74 15 0 July 19' 74 2 6 A fall of £2 7s. 6d. in the course of about three weeks 15 Iromewh.lt serious; and the; explanations, such «s the extension of the area of trustee securities, and the demand for a higher' yielding rate of interest which always.accompanies an era of tride activity, can scarcely be accepted as theonly- rarecs, or. even as tho main causes of the shrinkage, 111 value. Nor can the statement of the Chancellor of th° Exchsnuer be accepted .that there is a" conspiracy to depreciate Consols; The fact appears to be that confidence in this great security Iras, boon shaken, and it would not be surprising if the prise drops to'a RfLH y JS ld .i. tn s investor 4 per cent. At £74 2e..6d.the huyer will get a return of approximately £3 7s. 6d. per'cent It must, however, be noted that nil' Government securities have declined, and if ft ny?:?™ interval the measure of the fall will be" found to be very striking :— July 19, Julv 19, Per 1907. 1912. cent. £s. d. £s. d. 25 Imperial Consols ... 84 5 0 74 2 6 3* N.S.. Wales 100 10 0 98 10'0 31 Victorian 99 10 0 94 15 0 31 S. Australian 99 0 0 95 0 0 3?, Queensland %15 0 94 10 0 3j New Zealand ....... 99 0 0 94 10 0 31 W. Australian 98 0 0 94 10 0 . 31 Tasmanian 98 10 0 93 0 0 Consols have declined £10 2s. 6d. in the five years, while the shrinkages in the colonial stocks are moderate, and mav be said to be normal. While in 1907 -investors in Consols were content with a return of about £J per cent., now they are uot quite satisfied with £3 7s. 6d. .FROZEN MEAT SHIPMENTS. According to statistics compiled by Messrs. Dalgcty .and Co., Ltd., for the Shaw, Savill, and Albion Co.. Ltd.. the exports of frozen meat for the first fix months of the current year totalled 209,418,083. the exports since the industry started in 1882 are shown below:— lb. lb. 1882 1.707.328 1898 159,223,720 1833 9,853.20.?' 1899 188,992,763 1884 28.445,228 1900 ...;.. 192.074.451 1885 33.204.976 1901 191.440,97! 1886 38.758.160 1902 226,904,414 18t; ...... 45,035,934 1903 243,903,438 1888 61.857.376 19"4 202.126,412 1259 • 73.564.C64 1905 179,063.232 1890 100,934,756 19C6 230.930.041 1891 )10,199,C82 1907 ; 239.218.915 1892 97.63fi.557 1908 231,806.9.16 1893 1C0.262.453 1909 269.773.698 1094 116.729.104 1910 286 987 950 1895 128.039.522 1911 237.984.221 ■ 1896 122,887,818 1912* 209,418,085 1857 151,374.309 •Els mantes?.

WELLINGTON TRUST AND LOAN. The shareholders, of the Wellington Trust and Lean Company received circulars yesterday embodying the proposals of the, directors to increase the nominal capital of the company from £2C0,0C0 to £300,000, a.nd to increase the paid-un capital to £125,000. It is proposed 10 offer to shareholders 4750 shares of £10 each nominal value, to he called up at present to £5, 4050 thcrjof to he issued at a premium of £1 15s. per share, and.the balance of 700, together with any pant of the 4050 not taken up by shareholders when offered, to he offered later. The 4050 shares, part of tks new issue of 4750, to be offered to sha.rchoJdcris in the propoition of one share (to be called, up to £5) to each £25 par value of the shareholders' present liolcTug. And making the price .£6 15s. (with the £1 15s. premium) for one £10 share called up. to £5. Payment to be an instalment of 10s. on application and the. balance (£4 lCs.j to be paid in one call, .togother with the premium of £1 15s. per share. After the 4050 shares have bseii offered to shareholders, any s'nares unapplied for, togctte: with the balance of 7CO not intended to be offered now. will be-also offered later to shareholders, as the directors mav determine, but so that not mare than £5 per share, in addition, to such premium as the directors may so fix, shall be then called up. Ihe premiums will be carried to reserve. The directors propese to make the neit half-yearly dividend 44 per cent. CUSTOMS REVENUE. Customs duty collected at the port of Wellington yesterday amounted to £1872 3s. sd. FEILDING MARKET REPORT. Messrs. A. H. Atkinson and Co., Ltd., report selling every lot of pigs on Friday at increased prices, with keen inquiry for ail descriptions. The poultry entry was composed almost entirely of hens, cockerels are in demand at 4s. to 6s. per pair. Quotations: Poor-class weaner pigs. ss. to lis. 6d.; others, to 155.; slips, 165.; porkers, fe. 6d.; empty sows, 305.; aged trap horse, £9 55.; aged pony, 165.; spring dray, £18. Poultry, at per pair, cockerels, 35., 3s. 9d., to 55.; inferior hens, 2s. to 2s. 9d.; others, 3s. 6d., 3s. 9d.i 4s„ 4s. 3d., 4s. 6d„ 4s. 9d„ ss. to £s. 6d.; ducks, 55.; turkey hens, 13s. 6d.; gobblers, 16s. Potatoes, 9s. 6d. bog, £5 ss. to £5 lCs.-per ton; cabbage, 3s-. 6d. sock; parsnips, 4s. to-55.; 'cauliflowers, 9s. to 10s. sack; prime Kturmer apples, 2s. per bushel case; Dougherty, Bs. Cd.; others, 6s. to 75.; pollard, 12s. 6d. sack; bran, 5Sr cd.

HIGH COMMISSIONER'S CABLEGRAM. TII3 Now Zeala.nd Department of Agriculture, Commerce, ana 'i'ourists has received tha following cablegram from the High Commissioner lor rJeiv Zealand, dated London, July 20, 1912. (Note-Quotations, ranless otherwise specified, are average market, prices on spot):— General.—The strike continues, deliveries are very much delayed. Mutton.-l'he market is quiet, and there is, less demand. Prices have slightly declined for all grades. 'Canterbury, 4Jd. per lb.; North Island, 3Jd. Lamb.—The market is quiet. Stocks on hand are heavy. Canterbury, sjd. per 11).; other than Canterbury, sijd. lieef—Tnc market is depressed. The weather lately has been unfavourable to the sale of beef. New Zealand hinds. 41d. per lh.; fores, 3 3-Bd. per lb. . Butter—The market is steady. There is a good, demand for best quality! Choicest New Zealand, ll£s. per cwt.; Australian, ICts.; Siberian, 1045.; Danish, 1225. Cheese—The market is dull. New <Zealand white, 655. 6d. to 665. 6d. per cwt. , Hemp.—The market is -firm,' with more inquiry, and active at the advance. Spot— ™, w <r i!cal i u ! d B00 , (I tair B raQ C Pur ton, £24 155.; fair grade, £23 155.; fair crnrcnt Manila, £24. Forward sliipment-Ahout the same price. Tho output from Manila for the. week was 24,000 bales. Kauri. Gum.—The market is stcadv, with o moderate demand. Dark brownselected re-scraped, 120s. to 1605.; da'rl; brown three-quarter scraped, Stte. to 90s.' dark brown chips,, drossy, 30s. to Ws.' rescraped pale amber, £10 to- £12; threequarter pa|e scraped, £7 to £3; diggers' chips, good,. 4as. to 505.; 229 cases. offored, 213 sold; stock, 383 tons. Wool—The market remains firm. , vc !!,„»- ate received ' during June, 1912:— " " Mutton. Lamh. Carcasses. Carca.sses. London 102,132 61.597 Liverpool 104,237 84.0E4 Jfull 11.535 1,818 .Southampton ... 16,237 13,198 234,141' 160,697 June, 19U ... 292,968 115,807 FROZEN MEAT. By Telegraph-Press Association-Copyright m , T London, July El. Iho Incorporated Society of Jieat Importers Smithficld- market quotations for the undermentioned classes of frozen meat are based on actual sales.of not less tbau one hundred' carcasses of mutton or lamb, or twenty-five, quarters of beef of fair average quality. The quotations are uot selected lines, but for parcels' fairly representative of the bulk of'the shipments now on the market. The prices which follow are on the, average a farthing per lb', more than the values ex ship, this difference representing an average cost in expenses, handling, conveyance, and selling the meat:— July 13.. July 20; Mutton—- d. d. Canterbury, light 4J. 4 3-16 Canterbury, medium :4 • . 4 Canterbury, heavy . 33 3? Southland' : '...33.' 33 North Island, best. 33 33 North Maud, ordinary... 311-16' 311-16 Australian, light. ;'.3J. 3J Australian, heavy 33-8' 33-8 /liver Plate, Ugh-, .: '.:... '_•■■' - River Plate, heavy 35 33 New Zealand ewes 3J 3JAustralian ewes 13 - 33 . Eiver Plate ewes 3 3-8 ,3 3-8 LambCanterbury, light 6} 6J - Canterbury, medium 53 53 Canterbury, lioavy 5B 5 3-8 Southland 515-16 515-16 North Island, ordinary... 52 511-16. North Island, selected... 515-16 53 Australian, best 53 5J . Australian, fair 51' 53-8 Australian, inferior — — River Plate, firsj — — River Plate, second — — BeofNcvr Zealand, ox fores ... 3J ' 3 3-8 New. Zealand, ox hinds ... 4J ty Australian, ox fores 3j 3HAustralian,.ox hinds 4 3tf Rivor Plate, ox foi'C3 ... 31 3 3^B River Plate, ox hinds ... 4J 4 River Plate, chilled fores 3 9-16 31 River Plato,, chilled hinds 43 41 LONDON WOOL SALES. London, July 21. For the wool sales the catalogue totalled 150,473 bales, and there- were sold 136,532 bales. A splendid selection of greasy crossbred was offered yesterday. Competition wa6 keen and prices very hard. Prices for merinos were unchanged. The following are tho prices realised for the fleeco portions of the clips named:— "To Kamru," top price lid., average 10 3-Bd.: "Abcrgyle," top price 12Jd., average 11 3-Bd.; "Rollcsby," top price 211 d., average 203 d.; "Waiau.,:' top price. Hid., average 10Jd.; "Delta," top price UJd., average 10W. BUTTER. . ' ' (Hoc. July 22, 10.30 p.m.) Sydney, July 22. Butter has advanced 4s. to 1445. per cwt. SYDNEY WHEAT MARKET. (Rec. July 22, 9.30 p.m.) 'Sydney, July 22. The wheat markot is firmer, and quotations now-ranee from 4s. Id. to' 4s. ijd. per bushel. ' .

METALS. London, July 21. Antimony, £7. Fencing wire, £8 10e. Train rails, £5 12s.' 6d.