FARM & COMMERCIAL.

Dominion, Volume 7, Issue 2239, 27 August 1914, Page 8

FARM & COMMERCIAL.

OUR PRODUCE AT HOME

MAJQR NORTON'S MISSION.

ANv Advocate -for bristo:

; ' A visitor, of particular interest to Do- :.'-' ruinion producers arrived hero by the .■Manuka from Sydney yesterday in the Serson of. Major A. IS! M. Norton, '.5.0., managing director of the Bristol . rind Dominion Producers' Association, | , Ltd., a. concern formed partly with Do- ) minion and party w-itk .English capital ;to' dovelop overseas ' produce. •, Major .■j I Norton comes out 'here in tho ; interests -. nf producers. Speaking to a Dominion reporter yes- ■■■."■ terday, Major Norton said that in the opinion of his association far too much' . ;.'!of.thoproduce from .the Dominion is rlwing centred in London. ' ; our desire," : .'Eaid Major Norton, "is" to Lavo the pro- ' duco from the' Dominions taken to the .ports nearest tho centre of consumption. I A glance at.the map, of' England will ; 'show, the reasonableness of this. At tlhe J present'-timo' merchants in Bristol and i other- large, centres in the south-west •■■rind Midland counties of; England are , to a certain; extent compelled to buy , .' • ..their>.hutterj;ahd:meat through'iLbndon, thus causing;an tuinecessary; heavy rail-' ago charge,: to'say "nothing of ;the ;addi- ••'"." tional cost of'li'andliiigiin London. The •• same thing, will;Ripplyiiiv/regard- to smaller merchantsjn the, f iio'rth. of.Eng- ■ inland. /,''■ '\j ■,: hyh/';!;■ V:''.,.-.' 9 • ' A careful, investigation, 'has- - shown, that a large amount of '.money-hao been, paid away in •unnecessary.railvaiid'post charges that would not .obtain, if'the , . produce were availablo -by-the mothods .'■ mentioned..-■'■' Continuing, ~llajpr Nor- . ton. said: ''I ,get. ■I' 'into intimate■ teucuvntn; a-yery; large '/;■ aiumber. of people who Tare .'distributiuK . cur. produce .to;,the.Ccons'uriiefs Mj.tbe : -United Kingdom.. l l'am.'hot, iMSsmgjmy ;.. opinions.; fro^m;l'a , fiw/ of <the :.leadffi'2!' : bfolfWsV^'bufc'liaV6>':''obr: • - tained.my. information. fromLthe r most;i%; ' ' ■;liablo.sourdesjipb'^ible;. '.i",';?{;.;,\''." '.".' "•;, '"That; lft'e : ?advent' S b^^^^^ " I represent-jias 'been warmly.welcomed, •by the'.;wholesale '..and-reKul;..provision "merchants'fcth'ftughout' /thPCSingdom, I '-,. '•' contmued'f^ijoeNpr.^pnr.'"isi,':evidenced ■ byi-thV mnnj^logistic articles that have appeared .'iji.'?ih'e'-^niajoH^ii'f«'leading trade paperST^MUghoutJ.iheTKirigdom. .. : 'All things b"eijrg:;:ccin.al,',' p-ani- convinced -. : that the Eiigljslctraaer.Giid.'tlie English, .public will give/preference . . ; to goods ' prodiHTe s ct^3indi;r r ''thp i -British -flag rather ..-t^anVthose;, coming. frorn ',' foreign,countries}";"^ 1 \. "'/■:''■,,.[■ -'■: .;.'. . j''Major .Norton'.. .mil. ■spehdjabbut'.six f. weeks in '■'■'rj.ehd''of^'tl^l r time;3eft^©?.fpr^Aiistralia.' He on ;'.: JJpndajjiv^v.' ;;,'• y?:rs : V~ : \'k -:■ ■'- ■!•'■■.->'

' /HAWKE'S^BA^SHOW

Wo have, received, a- progfamme.'X6f the forthcoming show of tho'~HaWk6's Bay A. and P. Society, which is- ; to •take place at Hastings ;pn, October 21; ■ ' .hhd: 22, and breeders shoiUd.>find-it-tp. - iiheir : advantage to prpciire copy..' 'fhere.are a number of;special features ihis year, including the'Kbmney.Stieep- , itfeeders' .'.'A'sscoiation's,".' championship .. '.ihedals'fofcho^lUjm^ .-. besiaoSa^la'rge^tto'kocst'sppcial'iprize's: in thaT'soction. ■ There'.are also two

.classes--for : -the.j:fi.rst;time -fpiv-:: sliorn-.

KoMey's.* : Emc6liiarid/Southdown'sheep havolalsp come in .for special treatment in t%o revision of the,schedule. The cattte section i» well.catered,for, and ;it i* expected that-the; rapid develop^ : ,men£ of the^dajr,yr'ca.ttle-side of the shov£ will 'bo 'fliTtlier''continued this :year| Tho Railway Department will nepoat last year's satisfactory stock '-train arrangements. ■'"■.'''■ Olyners of horses will no doubt be attracted by the champion leaping match, for which the prizes are £15;' 'arid'. £5," and there are' also live iother leaping competitions. ' Tho sections for poultry, dogs, _ grain, needlework, and homo industries have all received special attention. The secretary is Mr. Chas. Douglas, Tennyson Street, Napier.

Ever considered'the advisability of installing a water-wheel on your property? Thorp's a lot of power running to waste in 'that swift stream—though to drive all machinery. This is a good 'sound: proposition—means money to. you. Write for particulars. A. J.-,- - Parton, Sheet; Metal and Plumbing Works, ; Carterton'.—Ad.vt.'., ■ ' ... :' ■ '.'•,■.

The' "Omega" Milking Machine has no Subtler Tubing at all. It toot first prize at the Royal Agricultural Show in England ; against all-comers. Beat them on all points. We are agents, and can supply a 1 few plants this season. We also supply you a Separator and buy your cream. For further'/particulars write Wanganui Fresh Food and. Ice Co., Guy,ton Streetr-^Advt.•''•■.■.' ,'\ - ■"■''■ ,-

LIVE STOCK SALES.

Messrs. Abraham and Williams, Ltd., report as follows on their Johnsonville sale: —"A good-yarding of sheep and cattle came forward, and sold well at late rates. IfediWim weight bullocks, £12 ss. to £12 .10s. to £12 15s.;' lighter; "£ll 10t>. 'to'"£ll--156:; fat cows, £6'16}.; vealers, 295„ 405., 475.; extra /■heavy, wethers, 30s. to 30s. Id.; medium 'wethers,. 245.; plain wethers, 235.; medium ewes, 22e; Id.; light:ewes,'.2ls..;: Mesers.VjAbraham- and Williams," Ltd., rc- ' .port as... follows on. their. . Pahiatuo , 'sales:—We had a .small yarding of sheep' and a. good . yarding of. cattle. There was'no inquiry "for. sheep; in cattle / there was several lots of good dairy heifers I and cows,' and anything closet to' prolit sold very well. Empty cows and heifers were .' also in good demand. Quotations: Good dairy cows, £7 2s. 6d., £8, to £8.1Ce.; cows' In calf. £3 10s., £4 55., to £5; empty cow 3 • and heifers, £3- 19s. and ~ £4; • 18-month. ' heifers, £2 106.; 3-year heifers at the drop, I £6, £7 2s. 6d., to-£7 17s. 6d.; 3-year hciferis, iicalving In September. £4 15s„ £5.75. 6d.; to '■'(£5 155.; backward heifers, £4 to £4. lCs, v;; ! ■ '" '■'■;'■ .iDDINGTON MAEKETS; •'■••:;/ (By Telegraph'.—Press Association.)'." .'.:. Christchurch, August' 26. \ ■ Store ehcep-Good hoggets, 12s. 9d. to 135.;. . tfairly good hoggets, He.. to lis. 6d.; good ewes (mixed ages), 20s. 2d.; fairly good ewes (mixed tfges), 15s. 5d.; .aged and inferior' ewes, 9s.<6d. to 10s. 6d.; cull ewes, 6s. :.V. r '•Fat sheep—Extra p'rimo-wethers to 285..'3d.; crime wethers, 19s. 6d. to 255. Bd.; others,' 17s. 6d..td' 195.; morino wethers,' 176. to'l9s'." 6d.'; primo owes, 17s. to 235. mothers, 12s. lid. •to 16s. 6(1:; nicrino ewC3rl4s.'-to-16s.j hoggets, 12s.s'6d. to I.Bs. 6d. . . ,- Fat cattle—Extra. good : steers to £31 10s.; ' ordinary,6teers; £8 ss. to £12; heifers, £5 ' 17s. 6d. to £9 IDs.; extra, to £12 IO3.; or- - dinary cows, £5 6s. to £10; extra good cows, to : £l3 2s. 6d. . Store cattle—Yearlings, 305.; 15 to 18 months, .£2 125.~6d.; two-year steers, £3 ICa. to £3 12s:; two-year heifers, £3 12s. 6d.; dry cows. 355.'; to £5 7s. 6d.; dairy cows, £3 10s. to £10 7s. 6d.. . ■ Fat pigs—Choppers, 80s. to 1205.; extra heayy baconers to 765.; heavy baconere, 675. 6d. to 725.; ordinary baconers, 575. to 1 655.: price per lb., 55d.;: heavy porkers, 465. to 525.; ordinary porkers, 40s. 1 t0.455.; price per lb., 65d. ■•-. Store pigs-Best'stores, 40s. to 455.; medium 323. to 3te.; small stores. 18s. to 305.; ordinary woaners, 10s. 6d. to 165.; extra good weancrs to IBs.; sows in pig, £5 to £6 10s.

150?. 6d.; light haconcTS, to 685.; heavy baconers to 7Es. 6d.

COMMERCIAL 'ITEMS.

INVESTMENT SHARES. There wcro no tranalctions in. investment share 3 yesterday, The tjuotations were as uudcr:— 1 - Buyers. . Sellare,' ! £ e. d. £ a. d. National Bank 416 6 5 0 0 Bank.N.Z. (£6 Us. 4d.) ... 14 15 0 - N.Z. and H, Plate — 2 0 0 Aiicldand Gas 15 6 — Ohch. Oos (£5) 612 6 - Wellington Gas £10) 15 5 0 - Wellington Gas (prcf.) ... 019 0 - Union, Steam (pref.) 0 19 0 10 3 Hikurangi Goal 0 9 0 - WestportrStookton. 0 2 6 — Leyland O'Brien — 110 WELLINGTON WOOLLEN COMPANY. The thirty-first annual report of the directors of the Wellington. Woollen Manufacturing Company, Ltd., which ie to be -presented at the ordinary general meeting, to be held on September 7, reads:—"The directors, in- presenting to shareholders this, the thirty-first, • annual balance-sheet and statement of profit and loss, are pleafiedto bei able once more to announce ■ a satisfactory result, notwithstanding tho industrial. disturbance of November 15et> which occurred at the company's busießt season. Despite that temporary set-back, the year has eeen. a good demand for. tho company's manufactures, and the resultant .profit enables tho directors, after placing JE2COB to 'r«{erve, to recommend the payment of, a further dividend of 4J per cent., making with tho interim • dividend' 8 per cent, for the year, and leaving £3675 6s. 3d. to be: carried forward. Following the wellestablished practice of the directors, tho plant and buildings have, been efficiently maintained out of revenue, and additions '. amounting to £6713 4s. 6d. have been made, principally at tho company's mill. The •sum' of £5000 has been written- off for de. preciation. ' Mr. A. E. Exley and Dr. 0. Ffendergast Knight, MJ.D., retire from the directorate, but submit themselves for reelection. . The auditors, Messrs. Henry Kember arid Son, -P.P.A. (N.Z.), and Ernest W. Hunt, F.P.A. "(N.Z.), offer themselves for re-election.. ... THAinls GAS OOMPANY, LIMITED. The fofty-Eccond annual report of the ■ Thames Gas Company, Ltd.; 6tatce .that r the .balance'to credit of profit and loss account for. the year, -including the sum of. £9+5 -tfs.t.lOd. brought forward, amonnts to.-£2,425 4a.-Ed;,' from which has .to be deducted the. interim dividend of- Is.- per share paid in March la6t, £499 25., leaving' a balance of- £1926 -2s. ;5d.. ' Out of the above.the directors recommend payment of a further'dividend of Is. 6d. pet-' share (£748 135.) and, a' provision ,of .£ll3 Is. ,7d.. for depreciation of land and' buildings. This will leave'a credit balance of £1064..75. Wd. ,to carry, forward. ..The director'to retire on this occasion is-Mr. :W. ,H., Earner,; who. offers himself for. re,election:..f.<;..-.,. . ■ IBANK OF. AOSTIULIA. -■'■■' '.r'Jthe reporVTBT the TJaion Bank of Aus■toalia, Ltd.-, Covers the half-year ended February 28,'and-states', that I .the new shares having been.fully paid, up, the dividend and bonus now announced arc payable on the .present.paid-up capital of £2,000,000.- .The ■ premium,. ■ :£400,000,, received on; 1 the new shares,' hsw-Sfcefeni' added to the reserve ■fund:. lAftctJp'rovkion> for doubtful debts .and contingencies, the accounts show a net profit of £215,509; inclusive of £44,426 brought : forward;/,. From this-, the directors -hav« made the .-following appropriation, namely, £50,000.a5-'an"ad<ution to the bank's re- , servo fund,:,whichiow stinds at £1,960,000. ■From.-the-balancoiTcniaining (£185,E09) the directors'havetresolved upon tho declara-..tidn.'of-a,.,dividend at. the rate of. 10.per ;cent. -per annum, .e'aual to £1 ss. per share, •and abonusvof '2 per cent., equal to its. -per'share, tho" dividend and bonus to-. ,'gether being-at : thc rate'of 14 per cent. amounting to £1 15s. per share.. .'absorbing £140,000 and leaving .£45,509 to'bo; carried forward. . ; > . NEW ZEALAND DAIRY PEODTJOE. : At the annual meeting of 'shareholders of Lovell and Christmas, Ltd., held in London on July 16, Mr. J.. 0. Lovell, after referring to the'figures of the balancesheet went on. to say:— ', ■. ~, •...."■W-e;- have- probably ' handled ■ a- .larger .■qiiantity "of- dairy produce than ever before, although, the money value is .not so much greater than that of. the previous iJ-eaT.;--. That is accounted: for by the fact that the prices throughout the year ruled lower than they did in the previous year. We find changes taking place in the trade. Trade is going out of the. centre of London to the suburbs,: and -. we have. found it siecessaiy to - follow our customers to' acertain extent. To do that effectually we have hecn.nsing motors, ahd'wc find'those' ; satisfactory, inasmuch as they, enable us to.kcep in touch with people that.otherwise wo. should lose. It is probable we shall ■have; to go still further in that, direction. There was only one'particular tiling that created a difficulty during; the past year, and that was a very serious one'., i am alluding to. the strike in. New Zealand. iThat was. a very costly matter to everyone engaged in importing provisions from that part of the.world, and I may say that it has cost your company ' at least from £5000 to £6000. Goods accumulated at the port 3 of shipment for weeks, and when they did arrive here in huge quantities of course they produced a slump in. the market, and' very much- lower prices were obtained than would otherwise have been the case if.the goods had come forward in tho ordinary course. In many instances the cost of the goods in New Zealand and the advances made • "without recourse", were not covered by the prices Tcaliscd here. Before passing from New Zealand, I should like to say a word in commendation of the admirable manner in which the New Zeolandcrs tackled this difficulty. The farmers, factory people, their eons ana employees came down to the ports and loaded the goods themselves. (Hear, hear.) ,But for this I think the losses would have been much more serious."

Customs duty collected at the .port of Wellington yesterday amounted. to £9500 OS. 4d. . WHEAT MARKET. . • • .» : By Telegraph-Pres3 Association-C<>pyright ■m, . :■'•'•"." ,' London, August. 24. The wheat market 15 very firm; 460. is asked for South-Australian.afloat. • WHEAT AND MEAT. •■ • (Uec. August 26, 10.55 p.m.) : "„.,"' . .'• '■/ London, August 26.. Wheat is -very firm, but the demand is qiuetw. . .Advisory Committee of the National Federation of Meat Traders reports .that it is necessary to advance the retail prices of prime parts by a penny per pound, as compared with prices at the end of July and throe half-pence to twopence for 'qoareor parts. The prices of pork "are unchanged. , .... AKGENTLN'E FKOZEN MEAT. ■%ni. « 'J- ■ \.- London, August 25. . The Argentine shipments to Great Britain J?ri uly '^ ere W3.250 carcasses of mutton. .78,500 carcasses': lamb, 90,5C0 quarters ot frozen beef, and 273.CC0 quarters of chUled ■;■;:;;'; i"'.:\:.H"'SIEVEB." ' "1 ;';;•:-;; (Rec. August 26, 8.5 p.m.) '•'c.V 1 . :i'..', London, August 25. , Silver-is quoted at 245 d. per ounce standard. ..

MINING-NEWS «

-...;.. WELLINGTON, SHARE MARKET. ;■ A'.'enlo. of .Murray'Oroek (old issue) ot Z7E.-60. ,wqs the'only transaction recorded yesterday. The. quotations were as follow:— •• . ' Suycrs.' Sollcra. £ a. A. £ s.'d, Murray Creek (old) 16 6 ■— Koss 0 10 0 14 Talisman .-. 17 0 — w c '?^ ia - 0 0 2 w <"1» ■• •. : I' 9 6 110 3 Grand Junction. 10 6 —' Waihi Paeroa — • 018 0 Swastika .....' — ' g4 g . ".' STQCK EXCHANGE. (Hy Telegraph—Press Association.) - ' • • ' .. ~ Auckland, August 26. The shaTcmarket was quiet to-day. Waihis commcnccd'atMs. 3d. and 305., and then * drop to 295'.:;9d. took place, but flnal business was effected'at'3os. Talismans wereon offer at'275..9d., buyers quoting 275. 3d. waihi Grand-Junctions changed hands at 203. 6d. and 2Cs. 9d. ■ ■ . Dunodin, August 26., The following sales were effected on tlie bLock Exchange to-day:— . .Waihi,..£l ljfe.-, (two parcols). ■ Grand Junction, £1 os. 6d. (threo parcels). Sale roportcd: Waihi, £1 9s. 6d. , ROHS GOI.DFIELDS. • The following telegram has been, received from the mine superintendent at Ross by the secretary of the Roes Goldficlds mine:— 260z. 4dwt.' of gold from 800 trucks."