FARMING & COMMERCIAL

Dominion, Volume 6, Issue 1810, 25 July 1913, Page 8

FARMING & COMMERCIAL

TAMAKI DAIRY CO. ANNUAL liErOET. The report to he presented the annual meeting of the Tainaki Co-operative Dairy Co. (llawke's 13ay) congratulates the shareholders oh the success of the year's working. The output of butter for the year was 113 tons 7cwt. Acting on advice from Londou, the directors decided to export unsalted butter as from October 1 to January 31, reserving the right to discontinue if the market proved unfavourable. The result proved most satisfactory, the prices realised being well above those telegraphed by the High Commissioner relative to sales of New Zealand butter on the respective dales on which tiie consignments wore placed on the London market. The remarks as to tho quality of the .butter, appended to the various sale notes, were in every instance highly satisfactory, and in all cases complimentary to the manager, Mr. Harry Gills. The grade notes obtained from Wellington have furnished still further proof of the uniform quality of the manufactured article. Sixteen shipments comprising 1153 boxes of unsalted and 667 boxes salted have been made, and full returns are to hand in respect of thirteen consignmeuts. Account ' sales for three consignments, with a total.of 930 boxes, have yet to come in. The highest test was 6.2, and the lowest 2.2—tho average test being 3.53. Tho quantity of * milk used to make a pound of butter was 21.861b. The prices obtained for butter on the local market-ranged from Is. lid. to 2s. 2d. per lb. Tho average price realised was 12d., as against 12d. last year. The average price netted ,011 the London market was 12.32 d., as against lid, last year.

- OVERSEA MARKETS. IMPRESSIONS OF A M.P. Mr. T. Buxton, M.P. for Temuka, wlw. has just returned from a trip abroad, iu tho course of an interview with, a limaru reporter, made some j interesting com* ments on the frozen meat trade in England, and the possibilities of other f markets for New Zealand produce,. Speaking of the meat trade, Mr. Buxton said: — "I carefully looked into the handling and disposal ot our meat, grain, wool, aud other produce, and thougli there are many things which should' bo improved in tho matter of handling, great eiforts are being made to overcome tho difficulties that havo existed iir the past. New Zealand meat is very highly thought of in the centres where it liafc been properly haudled, and X am strongly of .the opinion that if instead; of banqueting the merchants who deal with our produce, we gave practical demonstrations to the people in large centres such as Manchester, i Liverpool, and* Leeds—the »users —showing our meat being properly defrosted and cooked, it would be much more profitable, and would go a long way towards breaking down the prejudice which now exists. This could be done at small cost. Tho wage-earners and inoro especially those who ! are meat-eaters are paying Is. to Is. Id. per lb. for English mutton- when they could use prime New Zealand for 8(1. or 9d. It is prejudice and prejudice alone which is the reason of their refusing .to .use our ;meat. That prejudice we must and can break down." America as a Market. Questioned as to other markets New Zealand exporters, might exploit, Mr. Buxton, who returned through America, said that ill the past New Zealand had been prone to thiut that London, and London .only, ,was f, thc outlet for their produce, and that the time might come waen the .market would be overstocked. "X am of .the' opinion," affirmed Mr. Buxton, "that the great continent of America with its 100 millions of people, cannot now produce, and will not be able to produce for many •years'-to come anything like sufficient meat to provide for her own people, and that the time \has now arrived when we in Ne# Zealand should step in to supply some of that demand, vl'took the matter up with many of the leading railway men and merchants in America, and they said that though they would like to see American, people i supplied by American producers, they had to acknowledge that this at present was impossible. That being so, they said that they would just as lief that New Zealand should supply the .shortage as anyone else. "At present," proceeded Mr. Buxton, "America! practically'depends on the West American ports for receiving our shipments, but I have the idea that when the Panama Canal is opened in 1915 the markets will open to us on the east coast/

Argentine Competition. Speaking of the possibility of competition from South America, and particularly Argentina, in the meat export trade, Mr. Buxton said that he did not think that there was much danger of New Zealand receiving a set-back on # this account hi 9 reason being that -wheat-growing, because of its quicker returns, was capturing the South Americans just as it had captured tho North Americans, and their ranches had accordingly -been depleted of stock which would take many years to replenish. '"The standard of quality in our .exports," continued the traveller, "is very largely*-on what wo will havo to depend for future business. I have looked into this, and find there is some genuine cause for complaint, which X have reduced to writing, and at the proper time will givo publicity to. Grading is tho thing upon which we have built our trade, and grading must always be made tho most important consideration/'

WAIRARAPA P. & A. SOCIETY. j The secretary of the Wairarapa and East Coast P. and A. Society (Mr. H. S. Moss) notifies that the society's show dates have now been definitely fixed for the last week in October, viz., October 29 and 30. This will be the week after the Hawke's Bay show, and the week before tho l'almerston North show. POTATO BLIGHT IN IRELAND. By Telegraph—Press Association-Copyright (Sydney "Sun" Special.) London,-July 23. Tho potato blight has appeared iu Liin. erick. Five pence per calf per week for '/Gilruth" Calf Food added to the skim milk or whev will rear calves for the Dairy better than whole milk, and at one-third tho cost.—Ailvt.

LIVE STOCK SALES The New Zealand Loan and Mercantile Agency Co., Ltd., report:—At our Upper l£utt sale, on Thursday, wo submitted a Eood yarding of sheep, consisting mostly ot fat wethers and ewes, and a small yarding of cattle, aud have to report a clearance at the following rates:—wethers, £1 Is. to £1 Is. 3d.; fat ewes, 18s.; ewes iu lamb, 15s. to 17s. 9d.; fat bullocks, £9 65.; springing heifers, to £5 15s. lilcssrs. W. and G. Turnbull and Co. (late Jas.. 'Macintosh and Co.), report having held their weekly sale in their Waipoua (Mattel-ton) saJeyards on Wednesday, when they otl'erod a good yarding of cattle and sheep. Thcu'o was a, good attendance of biiyers. and, bidding being very keen throughout tho s-j.!c, the yarding, with the exception of one line of owes, was sold under the hammer at prices well above late rates. Prices rouHsed were as follow —Four and iix-tooth ewes in lamb to Ronmey mine, £1 45.. Cd.; two-tooth to f.m. cvrca in lamb to Shropshire rams, 19s. Zd.; two-toot,li to f.m. cwen in lamb to ltomney rams and Lincoln ram?. 18s.; s.m. cure in lamb to ltomney rams, 155.; SouM'ilowri lambs, lis. id:-, shorn lambs, Jte. lOd, to 129. Bd.; fat ewes, 14*. sd. to IBs. id.; fn|. wethers and maiden own.-, ,£1 2-. 6i!.; woolly laml)0, 14s. 9(1.; two-tooth and four-tooth wethers, 175.; empty store ewes, 9s. Bd.: forward cows, £4 to £5; old Moro £1 10s.- bulls, £3, £5 ss. to £5 155.; bullocks. £8 10s.: swineing heifers. £f 10s.; cows in calf. ,£3 7s. 6d. to £3 1Z?. 6d.

"Messrs. Abraham and Williams. Ltd., report hnvintt hold a sncciwful dairy pale on behalf of Mr. Henry Hirst at Konini on July 23, when they olToral life herd of 32 cows. The eou-s fold from .£7 to £12. and averaged for tlie herd. £7 10?.; weayrr heifers. £1 12h. fid.; weancr Fleer;, .€1 55.; cows, on behalf of othor vendors, £10 s>. Meal's. Abraham and \ViHiams, Ltd.. ■report having held a sole- on July 21, on aoctfuftt of Mrs. iliid Mr. I. («. >\ oilier at Mansarawa, when tlic whole of their

NEWS AND NOTES,

cffects were <lu?pci ; »ctl of at satisfactory prices, both, herds making the excellent average of «E8 45., a.nd soiling up to £12 2s. 6d. Following are ouota,tion3:—Early oalvers, £9 2s. fid. to £12 2s. 6d.; later sorts, £6 ss. to £B £q. ; backward And threequarter cows. £4 to £5 17k 6d. The so mo lirm report holding a Mile on account of JFwsps. Martin Bros., nt Jrangarawa on tluly 22, when they oifcrctl the herd of 41 dairy cows and effccts, the whole herd averting £8 45., mid sell in pr up to £11 12s. 6d. Quotations:—Forward calvers, £9 17s. 6d. to £11 12s. 6d.; later sorte, £7 10s. to £8 105.; backward cows, £4 to £6; springing hciferw, £5 7s. 6d. to £8 55.: bulls, £4 to £5 55.; yearling heifers, £3 3s. 6d.; weaner piss, 125.; sows in pig, £4 15s. For Hher vendors, dairy cow 6, £5 10s. to £7 At their weekly solo in the Farmers' Association yards, Pahiatua. on Tuesday, the firm offered a fair yarding of rheep and cattle. Hogsots were not in strong demand, but owes in lainb nhowod a marked ImproTpraem't. Quotations Two. four, and six-tooth ewes in lamb, to £1 35.; f.f.m. ewes in lamb, 176. Id. to IBs. 6d.: e.m. ewes in lamb, 13s. !od. to 14s. 9d.; rulls, 95.: ewe hoggets, 10s. 9d. to Ms.; mixed-sex hoggets, lite. Id. to 12s. Id.: woolly hoggets, to lis. 4d. Cattle: Sprinsintr heifers. £7 10s. to £9; heifers in milk. .€3 55.; da iry cows at drop. £5 sg. to £7; store cows, to £2 10s.; fat heifers, to £4 4s.

COMMERCIAL ITEMS. INVESTMENT SHARES. ! There were no transactions in invests j mcnt shares yesterday. The quotations were as under:— Buyers. Sellers. >£ s. d. £ s. d. Bank of New Zealand ... — 10 17 6 National Bank 5 0 9 —. Metropolitan Building ... — 12 7 6 N.Z. Loan and Merc 0 10 4 — N.Z. and lUvcr Plate 2 0 0 — Well. Investment — 012 0 Well. Deposit 0 6 0 - Christchurch Moat 15 3 6 — Gear Meat (£4) 12 7 6 - Gear Meat (£1) 3 4 0 — Meat Export (529. 6d.) 3 0 0 — N.Z. Shipping 15 15 0 16 7 6 Hikurangi Coal — 0-15 0 West-port Coal 17 6 Leyland-O'Brien — 1-5 6 Golden Bay Cement ...... — 10 0 Manning and Co 4 2 6 — Sbarland's preference ... — 119 Ward and Co 5 2 6 — W.F.C.A. (£1) .. - 10 3 COMPANIES EEGISTEEED. In tho list of companion registered, published in this week's "Mercantile Gazette," there appear the following:— S. E. Cooper and' Co., Ltd., registered ee a private company July 21. Capital, £5000, divided into 50C0 shares of £1 each. Subscribers:—W. J. D. Hayward, 1000; A. H. Coleman, G00; S. E. W. Cooper, 500 and ICCO p.u. and 2000 10s. p.u. Objects: To acquiro and take over as a going concern the business of wholesale dress merchants now carried on by S. E. Cooper, of Wangonui. M'Arthur, Miilikin, and Co.. Ltd., registered as a private company July 23. Ofllce: Porirua Head, Kaiwarra., W. Capital: £10,000, divided into 10,000 shares of £1 each. Subscribers:—G. S. M'Arthur, ICCO an<d 3COO f.p.; M. M'K. Millikin, ICCO and SCOD f.p.; M. M'K. Millikin and G. S. M'Arthur (jointly), 1000 f.p.; J. M'Oa&kill, ICCO f.p. Objects: To accjuire and take over as a i going concern the business of engineers, I iron founders', boilermakers, etc., .heretoI fore carried on by G. S. M'Arthur, M. M'K. Millikin. and J. M'Caskill at Kaiwarra.

Anderson and Broad, Ltd., registered as a private company July 23. Office: Marton Junction. Capital, £2750, divided into 55 shares of £50 cacli. Subscribers:—N. D. Anderson, 20; J. H. C. Broad, 5; F. 0. Wilson, 2; D. M'Lenn, 5; J. Wins, 5; D. J. Crabb, 2; F. F. Poppe, 5; A. Poppe, 5; A. Stuart-, 2; F. R. H. Brice, 2; C. W. Wilson, 2. Objects: To carry on business of merchants, auctioneers, etc. OPOSSUM SKINS. At the fortnighly wool, skin, and hido sale to be held in the city to-day, t'ne catalogue will include, for the first time, about 200 opossum skins, to be offered by Messrs. Dalgety and Co., Ltd. Special care has been given to the classification of the 6kins, which have been divided into six classes. The skins are in excellent condition and well-furred, and every effort is being made to give them every chance in the market. 'The competition ia expectcd to keen, and if the prices realised are favourable further consignments wall be offered at succeeding sales, otherwise future lots will be isenit to the overseas markets, where such skins aje sold regularly.

Customs duties collected at the port of Wellington yesterday amounted to £4844 Os. 6d. FROZEN MEAT. Messrs. Gilbert, Anderson and Co. (Messrs. Mellsop, Elliott, and Co., local agents), writing under. date London, June 13, report tie follows :— A fair demand has beon jnot with plentiful supplies. Frozen lamb prices liavo barely boen maintaiuod. and the tendency is weaker, owing to the liberal offerings, licavy laiuibs £U'c id. lower, and buyers are scarce. Home-grown: Beef, Scotch, 6 3-Bd. to 7d.; English, 6Jd. to 6Zd.; Canadian. (Londonkilled), 61 d. to 6i<l. Mutton, Scotch, Bd. to Bid.; English, 63d. to Bd.; Dutch, 6id. to 73d. Togs, Scotch, aid. to 9d.; English, 7Jd. to Bid. Lamb, English, 9d. to 10£<i.; Dutch, Bd. "to 9£d.; pork, to Bd.; veal, 7d, to 9d. Chilled beef: Supplies havo been shorter, and prices arc higher. Pores, 3id.; hinds, 4 3-Bd. Frozen beef: New Zealand fores, 3Jd.; hinds, 33d.; Australian, 3 3-16 d. and 32d.; South American, 3!d. and 3Zd. Frozen mutton: Light shipments from Argentine have caused eagerness lo buy, and added a very fine tone to the market. Canterbury, 48-56, 4id.; 56-64. 4 3-Bd.; 64-72, 4 l-16d. Best North Island, 56-64, 4id.; ordinary, 4id.; ewes, 33d.; Australian wethers, 30-50, 3£d.; ewes.. 33(1.; South American wethere, 56-72, 31&.: ewes. 3jd. Frozen lamb: Lighter . grades show a weakening, the demand having been thrown on to the medium-weights at Jd. per lb. lower. Canterbury, u-36, 6Jd.; 36-42, 53d.; 4WO. 5?. d. Best North Teland. 23-42, 6 l-16d.; Southland, 6d.; ordinary, 5 15-16 d. Patagonian lambs are selling sid. to 5Jd.

LONDON- MARKETS.. The Now Zealand Loan, and Mercantile Agency Company, Ltd., have received the following cablegram from their London house; under date July 23:—Tallow: We ciuoto present spot values for the following descriptions:—Good mutton, 38a per cv.t.; good beef, 355. 6d. per cwt.; mixed, Jis. 6d. per cwt. The market is active. Wheat: We havo sold an Australian parcel at 375. 6d. c.i.f. The market is firm, with a fair demand, owing to favourable crop reports. Markot prospects on tlie ent not likely, to improve at present. OUR PRODUCE AT BRISTOL. London,. July 23. A company has been formed to promote the distribution of New Zealand produce from Bristol. Mr. Rfeeley, a merchant, will visit Australia in October next to promote tlie development of Australian trade with Bristol. TALLOW MARKET. ; (Eec. July 25, 0.20 a.m.) London, July 24 Mutton.—Fine, 395.; medium, 355. BeefFine, 37a. 6d.; medium, 345. 6d. TALLOW SALES. London, July 23. At the tallow tales. 1988 casks were offered, and sold at from par to sixpence advance. o SILVER. London, July 23. Bar silver is quoted at 271t1. per ounce standard. TIN. (Rec. July 25, </.&> a.m.) London, July 24. Tin.-On spot, £190 per ton; at tlirco months, £189 15s. per ton. LINSEED OIL AND TURPENTINE. London, July 23. Raw linseed oil, spot pipes, is quoted at £25 ss. per.ton. Turpentine 15 soiling at 275. lujd. AUSTRALIAN PRODUCE MARKETS. (Roc. July 24, 9.10 p.m.) Sydney, July 24. Wheat, 3s. 7i<£-, 3s. Bd. Flour, £8 15s. Oats, Algerian feeding, 2s„ 2s. 10d.; milling, 35.: Sparrowbills, 35., 3s. Id.; Giants, is. 2d. Barley, Cape malting. 3s. 3d 3=. 9d. Maize, 3s. Bd. Bran ami pollard, £4 fe. Potatoes, Tasmairiunt', £8. £3 10s. Onions. Victoria,. £7 55., £7 10s.: Japanese, £8„ £8 10s: Butter, selected, 1165.; secondary, 1125., 114*>. Cliec&c, 7£d. lJueon, Bld. Adelalrio, July ,24. Wheat, 3s. Bd.. 3s. BJd. Flour, £8 2s. 6(1.. £8 ss. Oats, Za., 2s. 6il. Bran and pollard, Is. niDES. (Rec. July 24, 9.10 p.m.) Molbourno, July 24. The quotations for hides .are irregular. Heavier are lower; lights anil kips are unchanged.

For Krmichinl Coughs and Colds, Woods' Groat Peppermint Cure, Is. Gd,*