FARMING & COMMERCIAL

Dominion, Volume 8, Issue 2392, 23 February 1915, Page 8

FARMING & COMMERCIAL

: JEANGHIKEI A. &:Pv -■ ASSOCIATION The -final l arrangements;-!!!' connection frith the RaDgitikoi'Ai audi P. Associa/Stacm's fourth _annual "show aro now corns' . .pletejiimd this show,will undoubtedly be r Aho most successful/yet' held,fromcvery fpoint iof - view. .. The entries "con stitnto f la record in numbera; ; and the class of i tstoefc exhibited'mil be of a very high r jumping; competitions have /_!drawn exceptionally good entries, and (- $every "event will bo keenly contested.' f . $The Railway Department have arranged S& special train service for the day for Sthe convenionoo of visitors, and holiday ! gesenrsion fares are available. Fullpar(jticnkrs'of .these can be obtained at any :station. The ladies of the disrtriotaTo; providing a light luncheon ■ fend afternoon tea on tbo ground, tho !. Iproceeds-'from . which i are to- be- devoted i:; So- tho; Belgian Fundi .

ftfASTERTON DAIRY COMPANY ■ ; Kb tho monthlymooting of directors ■v- <of. the-Masterton Co-operative Dairy [- • 'Co., Ltd.,' Tield on.. Saturday, it was i : . (reported, that' the' continued dry' weasi*',., Aher,:had' materially affected the cream j and the -make of butter, for ! (January slowed a falling-off of 14,2241b. ■ teompored with tlio same month ■ last i . Crear.- Mr. A. Eddie, of Mancahao, ; ,waited upon .the 'directors in reference ; "to the <»-opora,tive, working of the Waii aieawa bacon. , works. It was decided t 'that a sum of lljd. per lb; be paid :.: }for.' butter-fat supplied during '' the ! 'aaahth. of February.' ' V •' EAIN IN SOUTH CANTERBURY. • sJSx TdcEresb—Rre« -AeeoeiaticsuiI . • •' Timaru, February 23. - ! GfeoJ Ught 'iam,. totaling-140'points', I . ". jfell between Saturday-eveiwig: and! noon! ; ito-day, and will prove, valuable for the, f- ; [.pastures vand 'root ■ crops, hut much of ;itho graiu_ in 'stook is soaked, ; arid now i snoods drying;breezes-toiavoid spoiling., i : We dispose in "Wangatrni alone, on an i !: i average/ of 500-dozen eggs per. week,, and ' ■■■: ibetween.- 800 to 1000' boxes of- butter, and 1 /our mcraaso in trade: has -steadily,, been P fcgwwirig,/month. by'; moiith,,for tHe last i tthreo years. .We are" buyers of any. f .'nquantity ofSeparator. Cream or Butter, f- nalso Eggs, and other produoe: Give jus i .ft trial. ;We caa' prove oureelTes worthy : siaf your support - ..Wanganui Fresh Food (Ice iCo.—Advt. i. -f Half-an-hour's' inspection of : tEe Bich- ; /mad Oil Engine will convince-' yon of • • "vita great simplicity—perfect finish; and >■'. Ahanainesa., One ; years use of the Sich- '. Wond. will demonstrate' its!wonderful: ef- • mciency, and, what is of great importance ' aust nowi its fuel You. should ' Set details. Write to Mr. A. J, Parton, i .plnmhrnv iCarfcerton.—Advt.

COMMERCIAL ITEMS iv ■ r /_../ ':',i . ' ' toTESHIENT SHAKES, v ■ There . were" no transactions in lntest- ! 'fccrit- shares;• yesterday,,'.' The. -. quotations f > ',wore as*follow;—", y.".\ v . i. • 1 •.. Beyers. • SoUers. , 1 £ s d. £s d. ;■ [National Eank —..... — 5.10,0 i /'Bank N Z (£3 6a. Si) 1 10 6 6 — . [Equitable Btuldaii^-.9 7 6 —. )iN.Z. and B. PKte 'jA.. 2 0 0. .1 HiliWn; Int. T. andrii _... 611 0." . ■ •flheh. Gas (£5) 7 7 6 - : {■Weffingtan 6aa (£lor— 16 0 0 —: Meat? Export (£2 12e. M) - 217 0 N.Z. -Shipping (prefoV...;lo 5 0 — .- i (TJmion-, Steam (ord.) —/ 1 3 6 1 310 j (Union Steam (pboT.) — 1 010 -~ tMosgiel' Woollen — 314 0 — ! f.Wn, iWooHen (pnaf.)-3 2, 6 — 1: WestpOTt 111 6 ,112 0 i . '|Westl)orfrstock^on■■ 5 0 0 5 3 ! : ITarineanratu — .2 2 6 ' JJfonning and Xb. 419 .0. .; 60 0 TTardjaad Co. "5 JO 0 '

L,; ;• EiGH - cabled

, EEPOUT. ;;..Tho'; Department of-Agricmltirre, Indns- ! , '•tries.sana Comnierce las received tho fol- ; Sowing cablegram-from the High Commisi' . isionei; for New Zealand,,.dated London, i:' [{February 20. CNoto— Quotations, unless rflthorwiso. 'spedfied,'ore' , average market : : Janices'on, spot.) . : .; Meat—A good demand .oontumeß for. all ' The market is- firm' owing to f -ircdnctd supplies, 'iin ■ consequence ■of the . jjdock'strike during- this week. Tie'strike. 1 jihas. now tcrminatetL'taiid--war kibes' r been r.kiresum'ed. . - ; ] . Mutton.—There are no • supplies of Can. [v. Jtorbury on hand. North Island,'sl3-16d.'per' ?:flb.: fir best quality; ewes, 5 3-Bd. : ' ; I •'Lamb—Thero aro no supplies of Oanter- ;- fhury . 'on. hand. Other, than Canterbury, i Wid. per lb.- . ; ; * Beef.—Hindquarters,' 6Jdl per lb.; forei 6d. : Chilled . Beef.—There Is ' la, > iitimited'rapply. Bindfluarteiß, 7 5-Bd.; forest) uarters, 6 5-8(1. ■ . I Butter.—The market ,is quiet,' at the de- ... .. Welino.'-Dajiish, 1325. to 13fis.; New Zealand, t•••*; 1245.' ;to. 1325.; /Australian,. 1265. t0.1305.; ;r Siberian,>'ls,OOO'-caflks are expected : from iVladivostock next week; Argentine, no ar- ■ rivals."

: maiket is. steady at the decline.' Canadian,-supply/is running short, 1 junto!and'coloured, 895.,t0.925., per.cwt.; si®w Zealand, white and' coloured,- SSs. to iM.v A quantity of United States cheese is / <m.; -ffie market, 84s. to 86s.' Australian cheese continues to arrive, but*' the Essex "cargo :;is not available.?;--':'-: Hemp.—Thomarkcfc is/firm.. It advanced , euddenly owing'to difficultyregarding toil'■sage.* Light shipments of hemp are «- jpected from Penan g. New Zealand 'fair srade. per ton, £29; , fair current Manila, '. A . I ; forward 'shipment, New Zealand good.iftir,grade, £31 10s.; fair, grade, £29 10s.; ffair [current Man ila.. £35. The output from Manila, for the week:,was 28,000" bales. ' Ti-? 3 market is strong. . a Wheat.—The market was very erratic durgne,last week. Prices fluctuated from 625. to 6Ss. There ie a fair trade doing, and diolders axe firm. There aro plenty of buyers. - Canadian, per quarter,'63s.; American, ' : ws., any position; Arsentino, 645.; February and March shipments. 1 BRITISH GRAIN PBICES IN 1914.

. ..- Tho Brit-shi farmer in 1914 has obtained a good price for his oats and a fair price .•for his wheat, bat)lie has done badly over this barley. • • . • < • : The.whiat market in London was bad for |tne first /our months of the ,yeax, and in itho country it was worse, bnt recovery set an with May, and -even had there been no war value would probably haire been up to Ithe level of 1 a fair remuneration for tho eocond half of the year:. Thus the-June Average m London was 355. 64, against 325. 3d. in January; and,while 335. is commonly reckoned about the-lowest price at which jwneat can now; bo grown to pay the ■farmer, any average above 355. leads to in■creoeed. sowings, and. thereby supplies.the rmsot-; practical of demonstrations as to ivrhat the aqtual oost of wheat-growing Tcally is.

• Tie average for the year in.London, wa£ — M a '^ 5e Vear. Un 1909 the price was 376. Bd.„ but all the fcHtoryening years Rave a lower average, wheat has not been-'eeriously depressed' .since-191b and 1906, for which, the averages *wore 30s. 9d. and, 295. 3d. respectively. The leverage for December, 1906, was 275. Id., #ad since trna, extreme depreesiori thero : pea been a fairly . regularly improving average at Mark Lane for 1914, was 455., the best for many j^years. The rise 6ince the war has been, nn London, from 34e. lld„ July, to 453. December, _or a clear lte„ equal to lid. on ■the onartern loaf. In the country the rise .to been from 34f1„ July, to 425. 5d.. De°Z- ® 5 * London therefore has fled the shires in the matter of putting .Jsrp The sales in London show ?& little over 10 per cent, increase on the ; .£eex, the-good prices bid since September /Javing led to there being a. considerably jjarger consignment than usual of new icrop to the metropolis. / There are signs which point to a still higher average for January; indeed, little 2En?lish wheat in London }g now parted .with raider 605., and the country (3reliances fchcmr a development of firmness, ' Omrtoms duty collected at the port of Wellington yeeteiday amounted to £2312 fc. 9d. •

FROZEN MEAT. ' By Tdlecraph—Press Association—Copyright London, February 20. The Incorporated Society of Meat Importers' Smithfield market quotations for .the undermentioned classes of frozen meat "oro on actual•ealcs of not less, than 0110 hundred carcasses of mutton or-lamb,' or twenty-five ..quarters of beef, of tatr • average quality. Tho quotations <tro not for. selected lines, but for parcels fairly re•preeontativo of tho bulk of tho shipments -now;on tho market. The prices which follow ore on tho average a farthing per lb. more-than: tho-value ex shin, this differtto MEC3SP ,/VOflfc

WEWSANDNOTE&

_ Dredging ehares-rGoldem Bed, buyers 45.; Island -Block, .sellers, Is.. 9d.; ttfee and Shine, buyers, £1 fe. 6d. _ Mining shares-Progress Mines of New Zealand, buytrs7s. 6d.; Waitangi, buyere £?*,. ' Copper, buyers 65.- . Talisman Consolidated,: buyers, £1" 8s: 6d. • Wajhi, bnyCTB £2 Is., eeUere £2 le. 9<L: Waiht Grand Junction, buyers £1 4s. 3d., sellers, £1 4a. Bd. Investment • shores-National Bank, bnyera £5- Bs., eeUcra £5 95.; Bank of New Zear land (new), buyers £16 16s„ Bank of, New Zealand (old), -buyers £10 Bs.; Union Bank, buyers.-;£55,105.,-sellers, £57; National In! eurance, buyers £2 Bs, 6d.; New Zealand Insurance (ex div.), Bellers, £6 25.; Union Steam .Company (pref.), buyers £1 os. 9d„ £1. XTiiion . Steam (ord.), buyers (£1 ;35.;.10d.; Festport Coal, bujers £1 Us. :6d„ , sellersl £1 125.;. Westport Stockton, buyers ss. 2d.; Kaoapoi Woollen (ord.), buyera £5 .Is.■ 6d.; Keiapoi Woollen (pref.), buyers £5 155.; Mosgiel WooUen- Factory! L ny M S Zealand Drag (£2), £2 se. -9d.r New Zealand - Portland Cement buyers 65.; Oomara Woollen Factory (ord.) bwers £1-65. ; Auckland Electric Tramsford.), sellers £1 k 9d, ; Ward and Co., buyers £6 lfe' W T Stephenson (ord.).

WEEK'S COAL EXPORTS.. • ■ • ~ Creymouth, February 22. _The weeks coal - from North Brunner. totalled, 1330 tons 17cwt.; from Brunneiy 1!B _tonß lOcwt.; Poparoa, 216 lev 3 „ Blxickbail, 5108 tons 4owt.; Elizabeth, k 1757 tons 14owt; LiTerpool, 1840 tons lflcwt. Total, 10,378 tons 19owt.'

. "pensa, handling, conveyance, aad eellinc of the.meat:-^ Mutton.— 1 . d ■North. Island 6 11-16 '-North Island, best brands 5 13-16 v North Blond, owes I. 5 J-B -■ Australian, light 5 5-16 Australian, hoary .; 51 Australian owes .-. 5 lis Lamb— . Beet - brands 6 7-8 . 6 5-8 ■ Inferior cu Beef- , - . Fares „■„.; ....61-8 Hinds : 6 South American Sheep— .....„— ,- SM -'■ Hoavy 5J : Ewes none offering dasses, lmnbs • 6J •• ■ chilled force 6 M "Argentino chilled hinds 7 U Other meats are unchanged , SYDNEY SAI/EB. CEoc. February s, 10.50 p.m.) ~, ' ' Sydney, Fehrnory 22. All .wool sales competition was very animated in all good classes et the best late rates. Greasy merino went to 15d„ and greasy crossbred to l<Jd. , , One bale was sold aid resold on behalf °f the ■ French Australian League, and netted £500. ' ' |. .- LONDON HAKKETB. \ ■ • i London, February 20. wleat.—The market is tending upwards on account of. bad. weather in the Anren-t-Ine. . Eabbits.—Market very firm, owing to a shortage in _ the markets through dock troubles whieh ' have been, settled. ; Jnte,—Natrve, . first- marks, FebruaryMarch. shipments, £18 15s. per ton. New Zealand Hemp.—The market is firm. . : March-Miay. shipments, £31 10s. per I ,ton. - ■ Eubber.-Hard,' fine. Para, 2a. 5Jd.; plantation,. 2s. 3Jd.; smoked. sheets, 2s. 4 7-Bd. Copra.—January-February shipments, £26 per-ton.. •' ; . . : Co.tton'.— May-Jnne shipments are quoted at.4.B7Jd. per lb. ' . QnlcksaTer.—£l2 12a. to £12 15s. per DOttlO. . :: : • ' . ' -WHEAT -AND FLOITB. London, Febrnary 20. -The'-wheat 'And', flour afloat for the United Kingdom • t0ta15'2.415,000 quarters; .for the.' Continent, ' 3,000,000 quarters; Atlantic .shipments,. 820,000 quarters; of which 133,000 quarters have been shipped at' New York for. undisclosed destinations; 'Pacific, 64,000. quarters. ' Tho • total *; quantity for Europe is 1,510,000 quarters, including from India -1000 quarters, and from Argentina 33i;C00 quorteis. AbMham and Williams, Ltd., report on their Feilding. sale, held on Friday: 4-year owes (poor),, 10s., M., lis. Id., to lis. 3d.; f. and'f. mijed 165..id.; fat mixed 2-tooths, IBs.; B.D;'rams, 23gns„ ii, to 33gns. Cattle; Weanere, 198., to 255.; cows, £2 ss. to £4145; 6d.

- MINING NEWS ! WELLINGTON 'SHAKE KABKET. ■A. sale of Eofa Reconstructed ehaiea lit lOd. '"TOa the only mining trfljisaction rocordedyesterday. {The Quotations were fls under:— . Bayers. ' Seller*. ■, ■■■ . . - £ s. d, £1.4. Blackwater Mines .. 0 15 9 — Talisman v 1 8 6 — Woihi l. _ 2 0 9 — 1 : Grand Junction :... 1 4 3 — Wiutaagi .. 0 10 0 13 .. 6TOOK- EXCHANGE • (By Telegraph.—Press AssooiatiottJ ' . STpCK EXCHANGE. _ . Auckland, February 22. Business done- at the 3.35 p.m. C£ll:—jN'dtional Bank, £5 9a. 3d.; Auckland. Gas, 28s. 6d.; Auckland Gas (con,), 155.; Northern Steamship (con.), 75.: Auckland 1 Tramways (ord.),-21s. 3d.; WfLihl, 41fi.; Talisman, 295.: Waihi Grand Junction, 255, 6d, Sales:—Tollman, 29e. " i . r . Christchuroh, February 28. , suesj-National Bank, £5 6a.; New Zealand Banners' ;Go-operative, £2 6s. " _ . „ . Dunedln, February 22. , J°"®wuig-Bales were reported on the Stock Exchange to-day :-Westport Ooal, fl 125.: Union Steam, ordinary, £1 3s, Ud.; Auckland Gas -(contrib.), 14s. 9d; - The .v Stock . -Exchange Quotations are «£ follow.-— -.