GOVERNMENT GUERNSEYS?

Dominion, Volume 6, Issue 1665, 4 February 1913, Page 10

GOVERNMENT GUERNSEYS?

ORDER CANCELLED.' . A short' time before the Hon. T. Mackenzie was ousted from tho position of Minister for Agriculture,' ho gave instructions that a number of Guernsey cattle for the Stnto farms were to vbe imported. Frequently' the question is asked by farmers.when these cattlo nre to arrive, and tho query has been revived since tho news of Sir.-Geo. Gould's Guernsey purchases ■ : reached New Zealand. Inquiry made locally has elicited tho information that for tho present at any rate the Government is not importing any Guernseys, tho' previous order having been cancelled.

> Dairy farmers cannot afford to take sporting chances with their milk. They might; run;for. weeks without losing, anything, but there is always a risk of some ■• day's, supply being refused; at the factory. All: chance, work is eliminated. when Parton's Milk Coolers ore installed. They cool the; milk and keep it fresh from cow to -factory,,thus'ensuring bigger profits for tho'supplier. These coolers are manufactured by Albert J. Parton, Carterton. ir-Advt.

:',■.'■. COMMERCIAL ITEMS. -,:■".'(■'■■'■'■"-■ INVESTMENT SHARES. '•■ /. .-There "wore no transactions, in investment shares yesterday. Tho quotations wore as under :—' •; Buyers. Sellers. \' ■', £s. d. • ■ £s. d. Bank: New Zealand ...;.....■■• — 11 5.0 National Bank .;.:..;.'..';....' -'-.'. 6 2 6 N.Z. and' River P1at0..;.... • —• 2 1 0 Well. Truiit and Loans,. ".— ' 78. 0 N.Z.'lnsurance -.'....'.....:.,.. 4 18 0 5 10 Meat". Export (525. 6d.) .-../ — ; 216 6 .Union.Steam ..;..; 2 6.6 - •■ — Well. Woollen (ord.) ...;.. 3 16 0 .3 16 0 Well. Woollen (pref.) - . 217 3 Westport Coal,. ............ 1 7 3 ...—. Leyland-O'Bricn • ........... —'.. 17,6 Saarland's . ordinary '...... — t , 1 1 Ij ...... .'. y' I • ' ' .'.■ . V:' 'LONDON MONEY MARKET., ■ "'The presence in' London;of Mr.' James Allen; -. tho New Zealand ■■ Minister for Finance, with the object, amongst others, of raising £1,750,000 and arranging 'for maturing loans;; makes . the oonaition of the money market one bf considerable in- ■ terest. - judging by what has happened recently, hia task .is no easy one. Towards the. end of December the of a 6 'per ccrit; bank rate was 6erl6vsiy."-.dh> cussed in London. The demands for gold by Germany; India, and Egypt constituted \tho„ main .Influence in the ' direction of highor discount -rates, but the threatened Contingency did , not - nraterialice; It. was reported'that the Bank,of France, in order to prevent a' 6 per -cent, rata in London, 'offered'to :advanco to the Bank of England £3,000,000 in,gold against London sterling bills, thus\repeeting an operation carried through on more than one previous occasion.. . Although not confirmed, the report obtained /credence in many Quarters, . because the lending Continental centres, as well as New York,' seem to dread a 6 per cent, bank rate in London almost more than LonibardTjStreet itself. The difflculty; important borrowers have . experienced in obtaining financial assistance lately is illustrated by thp-attempt to. dispose of part bf the '■ Austrian \Treasury Bills.for £5,000,000,- which were recently placed in New York. Some of them were re-offered in London on terms equal to well over 6'per cent., although they were supposed- to have been; originally taken on. a's per cent, basis.- Another .significant incident is.tho offer of.the Province of Alberta- to sell a line of six months' bills' at ii, rate equal to si' per;cent, per annum, whereas a .month or so earlier the province issued £1,000.000 in ten.-year bonds, yielding the'investor £4 3s. per cent. only. The 'Auckland Harbour Board loan for '£250,000 issued a few days ago was another example. .All the available credit is needed for trade purposes, and there is, consequently: no demand for investments The '/quotations of Colonial Government stocks make it plain that investors are requiring l ■d. .much higher return'for their Money than formerly; \ . ,'■. ,;• ; ;■■ •: .:._;.' (' ; ,' :'"; /•'.' WELLINGTON, WOOIi'SALES.'. ;..;., rThe-nexSiwool sale l mSldfin Wellington on Friday, and' several", of; tho brokers with large oatalogues were yesterday to definitely state the amount of their offerings/but the following may be taken as being approximately correct:— ', ,;-'.•':■■■ '■ ':'.'••.■ ..•;,'" '•■ '" -Bales.;: <\ Dalgoty and C 0... .;. 4.980 : ..: ...Murray, Roberts .:. i..... 3,100 •'■■■ . N.Z. Lpan and Mercantile... 2,900 '~ r- '' Levin and Co. 2,500 '~'": Abraham and Williams ... 1,7C0 -.' .";,'.United Farmers x .;., 400 . Jas.' Macintosh and - G0..,..' 380 •

■YV '' :';•:_. ■ ■""' 15.960 ■..',;■ . 'At the Fobruary sales lost year 13,700 bales were offered, and in 1911.12,700 boles. .-'.', ."".'. ' - ■-'■ -■»'■' :,\ ■: Oustonis duties collected at the port 'of Wellington yesterday amounted to £2367 19s. 2d. :.- : V • ..';">'.•' : .'''•'■

- BBADFOED TOP QUOTATIONS. \' ' .Messrs. Dalgety and Co., Ltd.,.. Wellington, have been advised by cable from their London office, dated January 31, that the Bradford top quotations are as fol-. low (the figures in parentheses being those ruling at the end of December):—36's, 15d. <15d.); <o's,V 153 d. ,<ls3d.);i4's, 153 d. ,(153d.); «'B.-'.l7di (17d.); 50's. 20Jd. (20} d.): 56's, 235 d- . 58'*, 25id.: (25d.);-60V common, 284 d. .(27id.): 60's:super, 29d. (28d.1; 64'5,'293d. 1 (29d.)i.70 - e,'303d.:(30d.); , ,',-■. ..-.!-• x

- HIGH 00MMIS8I0NBB'S OABLEGEAM. 'The Department of AgrlcultuTe,' Industries, and Commerce,' has Vcceived the following cablegram from the High Commissioner for New • Zealand-, ■ dated London, February . 1. (Note.—Quotations, unless <if.herwiso specified, are averago market prices on spot):—." ' . Mutton.—Tho market remains firm. There is a'scarcity, of prime, quality..- North ■ Island,' 4Jd. nor lh.; : Canterbury, not quoted; Australian, 4d.; Elver Plate, 4'3-Bd. Lamb.—Tho market is firm. There is ft good, domand for all lamb. Canterbury, this Eoason's. 'is realising 75d. per lb.; other than Canterbury, .63d. ' i Beef.—The market is quiet,' but steady. The supply is plentiful. New Zealand hinds, 3Jd. per lb.: fores, 3}d. ' - . Butter—Tho' market is dull, except foT bost quality. The • average price for thq week for choicest Hew Zealand butter, per rwt., i' 11J'.; Australian,. 1075.:' Argentine, 1055.; Danish, 1275.; Siberian, 109s. Cheese—The ■ n-artet is ■ nuiet, but holders are firm.'. The'demand is getting better. The average Drico for tho week for finest Now Zealand cheese, per owt., is 60s. 6d. • •.■ -■ ,' ' ;. ■„ ■ : ltemp:-Tlio market is firm.' owing to 'speculative demand. Spot: New Zealand »ood 'fair■ grade, per ton, £34; fair grade, £32 lCs.: forward shipment, about tho oi.mo price: . Fair current-Manila,'spot, mr :ton,. £34;'-.forw-ard shipment,, £35 10s. The output, from Manila;for the week was 20.000 bales. ■ . .' .... x '. Wool.-Th? markot is strong. All stocks aro advancing. - ' ~, , ■' V Hops.-The inarkot is firm, with hardening tendency. . ' , ■' .' WhenU-The market Is firmer. There is more domand. Now Zealand long-bemed •wheat, ex granary.'per quarter of. 4961b., 353.;' short-berried, ,375. ,'•';' -■'Oats.-The market is quiet. A largo supply. Now Zealand oats, phort Sparrowbtlls. ex- granary, per quarter 0f'; 3841b., 245.; Danlßh, per quarter of 3201b., 235. 'lioo'ns.-Tho marlrct is firm, owing to'Te--duced suppliw. New Zealand beans,.f.a. new.crop, per 5041b.-, 40s. Peaa.-Tho market, is very quiet. New Zeiland oms (partridge), per 375. 6d. ;..'. ,Eggs.-New Zealand; Bs. per 120. ■ .. ■' ; , FEOZEN MEAT. By Telegraph—Press Association-Copyright .'-;"'. London, Febnm-ry 2. The Incorporated Society or Meat Importers' Sraithftcld' market quotations for the undermentioned clotees of frozen meat are .based on actual sales of not loss than one. hundred carcasses of mutton or lamb, or twenty-five quarters of bcof of fair average quality. Tho quotations arc not for selected lines, but.-for parcels fairly representative of tho bulk of the shipments now on the markot. The prices which follow aro on the average a fa-rthinj per lb. more than the. values ex ship, this difference representing the average cost in .expense, handling, conveyance, and selling the moat:_ " ■'" Jan. 25. Feb. 1. Mutton- d. d. '.. Canterbury, light '• ; " Canterbury, medium * *• iliiii'flrbnry. heavy . * ' Southland * ' North Mand, beit ...'. 43 43 North Island, ordinary... * * Australian, light .4 4 Australian, heavy 33 33 Elver Plate, light , * * Elver Plate, heavy 3) 4 3-8' - New Zealand owes ..; * - * Australian ewes ; 31 39-16 Elver Plate owes * . • . Lamb— Canterbury, light 5? 53 Canterbury, medium 53 * . Canterbury, heavy • • •, Routhlond * * ■' North Island, ordinary ... •-. • •■■ North Island,-selected ...» •■ , ..Australian,' best .'■... .53-8 57-16 ' Anstralian, fair :....*... H 6!i Australian, inferior 43 4} Elvct, Plato, first ~ » ' ' Elver Plate, second - » • •\ -■ ■ . . »

BeerNew Zealand, ox fores ... 3} 3J New Zealand, ox hinds... '311-16 33 Australian, ox fores 3 31-16 Australian, ox hinds. ... 33-8 , 3 3-8 ' Elver Plato, frozen fores 3 3 River Plate, frozen hinds 3i 3j River Plato, chilled fores 338 31 '• River Plate, chilled hinds 33 4 3-8 •Nono offering. Rabbits—The market is steady, and prices are unchanged. SYDNEY BUTTER MARKET. , (Roc. February 3, 9.35 p.m.) Sydney, February 3. Butter is quotod at 965., a further fall of 2s. since last quotation' WHEAT AND FLOUR AFLOAT. London, February 2. Shipments of wheat and flour, afloat for Europe on February.l, compared with a year ago, were:— Feb. 1, Feb.' 2, 1913. • 1912. Quarters. Qnnrtera. United Kingdom 2.600,000 2,745.000 Continent 2.100.CC0 840.CC0 UCO.OqO, 3,585,000 Tho wheat shipped from tho Atlantic and Pacific Coasts of North America during the past week and for the corresponding week of last year is estimated by "Bradstreet'6" to.be:— Atlantic Coast 134,000 174.000 Pacific . Coast , 30.C00 60,000 464,000 224,000 The total shipments to Europe from all oxportlng countries' during' the week amounted to 1,650,000 quarters, including 267,000 from Australasia, as against 760.0C0 quarters, including 150.K0 from Australasia for tho corresponding week of last year. .WHEAT. '" .. ' London, February 2. The wheat market is steady. An Australian cargo, loading, was cold at 575: 7jd., and a parcel of 2000 quarters of January-February at 375.