FARMING & COMMERCIAL

Dominion, Volume 8, Issue 2402, 6 March 1915, Page 10

FARMING & COMMERCIAL

STUDENTS' PLACES

FARM.

Ecoontly tl)e Crown purchased Mr. P. Bartholomew's property, containing /alioutrlOO acres .(including a large, resi- \ dence) on Vie.Beach ,Aoad at "Wereroa, ■' -immediately opposite' the Experimental ' Farm. > Mr. TV. H.. Field, M.P., was . , informed that tho Agricultural, Depart- ; 1 Jiient desired to secure the ' residence 'as ail .extension of the students'■quar; /fters at the Experimental Farm, and ."he wrote as follows to tlie Minister on the subject:—"This would be a desirable object to which to devote the >ibm]ding, if it'iff found to be not too far from the homestead buildings of ! the farm. The distance, I think, would fbe about half a mite. Another proposal, ffl understand, has been to remove Mr. ■Bartholomew's house the half-mile or ■so in question. One thing is certain', ' 4hat , unless the Government proposes : .-without delay to establish agricultural schools, the', student system both at (Wereroa and'Enakura should bo largely -developed. I was at Ruakura recently, •and found that, though, there .was much •greater accommodation than at "Werc- : there was pressing need for furthor students' buildings. At Wereroa you' have only one room .for.'six> which, . of course, is' a very poor supply for the ; .increasing .demand for students'pJaces. 51 therefore hope that either 1 Mr. Bar- . \tholomow's, bouse will be utilised/ for [the purpose' or that new buildings will %e erected." '

'■The' Minister, iii acknowledging Mr. 'iPioH's letter, thanked him for tße su?- ' ;gflsttcm, a lid promised to consider tlie nmatter with tho' responsible officers of ... itheiDepartment., ; ' ; THE CITY MARKETS 'Since last reporting the glut of pears suid. aprplos that was prevailing kas'prae- • tically> disappeared, and yesterday'nor■mal values were again ruling. Weather and season conditions have interfered . to a great extent with the early fruit mrops, and tomatoes, which 'should at .'the present timo-.be in full supply, aro '•realising early season values, .-although ; '■diould wo experience a good fall of rain 1 :'the fruit: will come to hand quickly. .j ''{Importations are -still very small, the ■ -only Mes being handled are pineapples : ' mnci watennelons: Fiji bananas arrived; >;'yesterday, : biit the bulk of the cargo landed in ail over-rijie conditiou. .Vegetables generally are in equal supply and 1 . 'demand, all lines meeting a fair to good i •sale. Both, potatoes and onions are jslightly easier, the same remarks apply'inji to. fresh, eggs. ._ . .' Yesterday's approximate values were: : Kmerican lemons, 300's, 20s.;' 200's; 1 ■ lis., 12s^; Messina lemons, 165-180!s, lis.; 200's, los.; queen pines,' 95., 10s. case; pineapples, 65., 7s. *'6d. case; ■ Island oranges 10s., ,11s. case; rock melons, 55.,. 6s. 6d. case. Peaches— Choice dessert, 3s:- 6d., is. half-case; _ -other- dessert,:'2s. ; 6d.,' 35.., half-case.;; ■cooking varieties,' 25. ? 25.. 6d.. (Phunsj 25., 4s. 6d. half-case; nectarines, &s., 4s. 6d. half-case; passion fruit, 65., : • 7s. 6d. quarter-case. OBoa Chietion, os., 7s.' 6d. case; Fertility, os.-6d., 6s. 6d.; Japanese, 3s. 6d., < ; ' 45., case; Bergamots, 3s. 6d., 4s. 6d. case; Vicars, 45., os. case. Apples—. Cox's Orange, 65., 7s. 6d. case; RibPippins, os. 6cL, 7s. case; Summer 45., 4s. 9d. case; Adams's Pearmain, ss. case; Gravanstein, 4s. 9d., 6s. case; Jonathan, 45.; ss. 6d. case; Brownlee's-Russets, 4s. 9d., ss. case; Mobb's Royal, 4s. 6d., os. case; Alfriston,'4s. 9di, os. 6d.; Glory of South, 4s. 3d.j.45. 6d. case; Gloria Mtuidi,,4s. 6c1., ss. case; Mnnroe's Favourite, 45., 14s. 9d. case. Tomatoes, choice, 1 75., 9s; Nhalf-caso'; others, 55., 6s. half-case; 'seconds. Is. 6d.,' 3s. 6d. half-case; ■ grapes,. Bd. to 9}lb. lb. - Cabbages, choice, 35., 3s. 6d.; others, 2s. 2s. 6d. sack; cauliflower, choicc, 6s. 6d., Bs.; others, 35., ss. sack; b4et- • root, 35., 3s. 6d. sack.; white turnips, 2s. 6d., 2s. 9d. sack; parsnips, 45., ss. (sack; carrots, 3s. 6d., 4s. 1 9d.'. sack;' feroen peas, os. 6d. to lis. 6d. sack; HErench .beans, 45., ss. . pt. sack; cucnmbers, 25., 3s. half-case; rhubarb, 45., ss. dozen; pumpkins, 45., ss. sack; 7marrowsJ.2s:, 2s. 6d. sack; swedes, 25., |2s. 6d;;cwt.; celcry, 35., 4s. 6d. dozen; Ispring onions, 6cL, 9d. dozen; radish, HkL, 10d. dozen;.lettuce, 25., ss. caso; ■ Jspinach, 35., 4s. case; potatoes, £5 to w36 10s. tori; onions, £6 to £7 10s. ton; fiiesU eggs, is., 6d. dozen. ; i Wo have "the organisation, tho specific ' knowledge, and up-to-date' facilities to Jhandle your Cream, Milk, Butter, and iESggs. This is no mere boast, but' a 'fact, which cannot be disputed.by anyone. We have now . two hundred suppliers, and ' |-we give always tho best price and proper' {weight for any produce you rail. u& For further particulars write Wanganui Fresh >.Food and Ice. Coy.—Advt. ,Here's not'a-more ,efficient helper to ■the'.mail on-the land than the Richmond Oil Engine. . Easy, sai'e, and .reliable to' ..work, it equals many hired, hands; is on the spot -when needed and iready to start. Choose,the Richmond bcpcaTiso of the niany'points in whicK it ex- • reels, of its solid construction, and all- - round goodness. Ask or write for particulars. A. J. Parton, Plumber, Carterton.—Ad vt. • LIVE STOCK SALES. i ' Ifesßrs. Abraham Mid Williams, Ltd., report;—At Palmerston on Thursday the en- ; •. try of sheep consisted chiefly !oI interior ewes, far which there was very little deTTKi,nd; for any lines of good sound ewes and wethers competi'tion was fairly keen. .Quotations:—Forward wethers, 165.: store nrethers, Us. lid.; forward lambs, 93. 2d.; ciiH lambs, te.; 4 and 5-year ewes, 14s. to Jss. 6d.; aged ewes, Bs. 6d. to 10s. Id. Messrs.' Balgety and Company, Ltd., reiport. having held their weekly stock sale at' [PaJmeiston North yaxds yesterday, when , they offered 3600 ewes. - Quotations as fol-low:—Sound-mouth «wee, in low condition, ;/lts. to J2s.;'4 and.s-year ewes,'in good con'dition, lfe. fid.; 6-tooth ewes, 16s. lftd.; cows, •. with raJves, £5; 16-months steers and heifers; .'£3'los. • ' . 1 \ COMMERCIAL ITEMS INTESTItENT SHAKES. There wero no transactions recorded in investment shares yesterday. ' The quota- |. tions were es under:— Buyers.: Eellerii. fs.d. fid. 'National Bank 5 8 0 510 0 Bank N.Z. (old) 10 14 0 — Bank N.Z i 17 0 0 — Union Bank 55 0 0 — Loan and Merc'tilo (ord.) 87 0 0 — ' N.Z. and River' pl-'t" •>. c n ,Well. Trust Loan, Ltd. f { 0 u "Well. - Cos (£10) 16 u u — National Insurance ...'. — 2 10 6 : Meat Export (£2 ISs. 6d.) — 216 0 iXJnion Steam (ord.) 13 9 -- . "Union Steam (pref.) 1 0..8 1 0.10 !. ,-Jlosgiel Woollen 315 0 - — ; TVgtn. Woollen (pref.) ... 3 2 6 — Hikurangi Coal 0 14 0 — Westpoit-Stockton — ■ 0 5 '2 i Leyland-O'Brien — 12 6 ; Golden Bay Cement. 018 6 10 0 ; Manning and Co 4 -9 0 5 0 0 ; ... N.Z. Drug : 2 6 3 — ■ N.Z. Portland Cement ... 0 8 0 — JXCB.QA. (£5) - 6 5 0 ; SOUTHEEN MARKETS; . {By Telegraph— Press Association.) Chrlstohurch, March' 5. The Government's preliminary estimate I of tho wheat yield per acre for the current ! ■ season's crop lio.s given rise to considcr- [, able-adverse oommeut, as it has evidently i been based upon information obtained bet foTo threshing had commenced. From tcI - , ports to hand of the wn-y the wheat crop :• in Canterbury is turning out the yield for the province cannot bo less than 30 busheln , per acre, and for the greater part of the r■' ' ' area, in wheat in other parts of the Doimn- ; ion the crops,' according to latest fldvices, . should turn out almost- equal to those in ■.. . Canterbury. Estimates at this particular [ period, unless Komewherc near the mark, i are likely to unduly affect the market which alrta.dy reached an iihnovma.il> high level. During tho week a, numbci

NEWS AND NOm

of sales of whc.it hare taken ,p]ncc as high os 7s. por bushel at country stations for Tuscan, as well as for Pearl, though it is now said that this figure may only be given in exceptional cases. Some growers who havo been booking for 7s. have only been able to obtain 6s. lOd. and 6s. lid. A good, deal of difficulty appears to have > arisen between millers and the Government regarding the price of flour made from imported wheat in cases where the latter has been mixed with locally-grown wheat, and the. matter is not yet settled. The price of flour has been raised locally to £17 10s. per ton for sacks, and to proportionally higher rates for smaller bags.. Tlio oat? market is keeping firm, and although there may ,bo fewer buyers, priccs arc rather better. "A" Grade Gartons arc selling at 3s. lOd. to 3s. lid., and "B" Grade at 3s. Bd.. ;to 3s. 9d. at country stations. There is a good demand for barley at late rates, and there is no change in oatshea! chaff, which is quoted at £5 ss. to £5 10s. at country stations. There is less inquiry for potatoes, as the' North Island main crop is now coming on the market, and Wellington and Aucklaaid are being well supplied. - The ,price is still £4 for delivery this c month.

..' VICTORIAN PRODUCE MARKET. By Telesraph—Pr<B3 Association—CoDTTielit

; Melbourne, March 5. ■. Wlreat, nominal, 83. 6d. Flour, £18 15s. Oats, Algerian, 55.; white's, te. lOd. Barley, ■English, ss. 19d. to 6s. 2d.; Gape, 4s. 6d. to 5e- Maizo. ss, 2d. Bran, £9. Pollard, £11 ss, Potatoes, to £4 se. Onions, £5 10s. to £6. '■ ' . SILVER. London, Marc! 4. Bar sflre? la'. quoted at 23Jd. per ounce standard. LONDON WOOL SALES.

London, March 4. , 41 the wool sales there was keen oompetlti'on from aJ quarters, and the highest prices of tho series were realised; MerriBaj, top pricc 14id., average 123 d.; Morden, 29d. and 285 d. New Zealand clips: Waiau, 17|d. and 16d.; Scone, Z7d. and Md. ; The Bradford tops market is strong and active. Prices: 30d., 30d., 29d., 28d., 27d., 25Jd., 23id.

tlti'on from aJ quarters, a l nd the highest < prices of tho series were realised; MerriBaj, top price 14Jd., average 12Jd.; Mordeu, •, 29d. and 285 d. New Zealand clips: Waiau, ; J7|d. and 16d.; Scone, 27d. and 24d. ; The Bradford tops market is strong and active. Prices: 30d., 30d., 29d., 28d., 27d., < 25>d., 23jd. , The' United Farmers' Co-operative Assonlatlon. Ltd., have received tho following i cablegram from their London agent6:—"At ] the: wool sales which opened here to-day 1 tbero' "was keen competition for all cross- < bred wools, and prices advanced 10 per : cent, as as compared with closing rates of (previous sale." , j • LONDON TALLOW SALES. i Messrs. Dalgety and Company, Limited. , have received the following cablegram from < their London , office, under date of March ] 3:—"At the t-aliow auctions prices were slightly dearer owing to the small supplies that were actually available. Buyers declined, however, to operate forward a/t < the present high prices." 3 , ' ; - BANK OP AUSTRALASIA. ' < By Mesranh—Press Association—Oapyricht f i , (Sec., March 5,- 11.15 p.m.) ' j London, March 5) ; The directors of the Bank of Australajsia. 1 havo declaied a dividend of 14s„ and a ' bonus of 12s. per 6hare, and have added to 1 reserve £20,000. Premises have been written. 1 down £10,000, and £114,575 has been earned ( forward. . Customs duty oollected at tho port, of , Wellington yesteTday amounted to £2361 , Bs. Bd. ' . ' : ' . j BANK OF ENGLAND RETURN. ' By Telegraph—Press Association—Oopyrijht ] London, March 4. The Bank of England return issued ( for the week ended Wednesday, March 1 3, is as under: — j Issue Department. Note Issue £76,965,000 Gov. debt ... i 11,015,000 ! Other Bccnri- , ties 7.434,000 1 • Gold 58,616,000 . £76,965,000 £76,965.000 ■] Banking Bzpabtmbnt. < Propriotore' • Gov. securicapital ties £26.917,000 Public de- Other securi- ' : posils .... 51,873,000 lies-- .-• 118,174,000 Other de-' ; : posits ... 118,842,000 Notes-. 43,432.000 Best, 7-day ! and other bills . ... 3.733.000 Coin- .» *** 1,477.000 j ! . £189.000,000. - £169,000,000 3 The leading items of the Bank of Ens- 1 land retnrn afford the following compari- - - ' ' This week Last week Last year .Bullion 58.516,000 62.330.000 40.355,000 !Reserve ... - 43.909,C00 48,099.000 31.739,000 . •Note Issue ... 34,533,000 34.293,000 28.498.000 .> ! Public Deposits ; 53.872.000 26.925.0C0 .22.441,000 'Other Deposits ' 40.877.000 .Proportion of . reserve to 'liabilities , , 95.71 ' 50.13 GOVERNMENT .SECURITIES. . ' ' ! . The following' are the latest' quotations for Oonfiols and Colonial Government Se- ! curities -with, a of those ruliTig Iflfit week:— ' Variation • compared ' , . . . Price. with — •• • • ' .• ■ • ■ last week. • \ £ s. d. Imperial C«ns»lB : 6811 3 Unchanged A ~N.s>."W.J933Jan.-July 99 2 6 2/6 lower , ..N.S.W.IOSO-oOMr.-Sp 97~10 0 Unchangsi 3 ..V.5.W.1D25 Apl.-Oct 80 12 6 25s lower 4 „ Vie. 1920 Jan.-July S9 0 0 2/6 lower 8S ~Vic. 1921-6 Jan.-July 94 5 0 5s higher , 3 „Vic. 1929-49Jan.rJuly 79 0 0 Unchangid ' Si „y,A. 1916 Jan.-July 89 2 6 2/6 higher 3 „B.A. 1916Jan,-July.. 73 0 0 .Unchanged 4 „QTdl9ls-24 Jan.-July * 99 0 0 Uncbauged 34. „Q'rdl922.4?Jan..July 94 10 0 Unchanged 3. QTdlo22.47Jan!-July 78 0 .0 ' Unchanged' 4 „N.Z. 11>29 May-Nov.' 98.10 0 5s lower 35 ■ ll)12-iCfJan.-July . 87 2. "6 Unchanged 3 „N.Z. Mdi-prU-Oct.. v 77 10 0 Unckangtd 3i ;„W.A.1915-35May-N»T 89 7 6 2/6 higher 3 „W.A,1915»35ifay-Nov £3 -10 0 5s lower 34 „Tas. 392'0Jan.-July . 89 : 5 0 5s highor B „Ta5,1920-40 Jan.-July 79 15 0 Unchanged » MONEY MARKET. The Bank, of England discount Tate-was on January 2, 19W, reduced from 5 to dj per cent., on. January 22 it was reduced to 4 per cent., and on January 28 to»3 per cent. On July 30 ihe rate was raised to 4 per ocnt., on July 31 it was raised to B per cent, and on August 1 it was further advanced to 10 per cent. On August 6 the rate was reduced to 6 per cent., on August 7 it was further reduced to 5 per cent., at which, rate it now The Bank of France rate ie 7 per ccnt., as against 4 per.cent; last .year. OPEN MARKET BATES. The open market discount rate for threa mpnths' bills is 1 3-8 per cent., as compared with 1 7-16 d. per cent, last week, and 2 7-16 d, per cent, last year. Short l oane arc quoted at 1 per cent., fie against'l'per cent.-laet week, and. 2& per ccnt. last year.' , ? WOOL, SKINS,'AND HiDES SALES. Tlio fortnightly sale of wool, skins, "hidtis, tallow, and sundries was held in Wellingiton yesterday by the various broken, whose roports aro appended:— Mes6T6. Dalgety and Co., Ltd., report aa under:—"Wc submitted a good catalogue to the buyers, who were in full' attendance, end with animated competition prices were mainly in excess of those ruling at the previous ottering. Present prices are proving very lucrative to the farmers, and a continuance seems probable. Sheepskins showed a rifie oil round up to Jd. per lb. H'des par to jd. lb., for sound heavies, and other lines at par. Tallow roso 2s. per cwt." 1 • Messrs. Levin and Company, Limited, report:—" We offered a cpianiity of odd bales and bags of wool, whicli sold at same rates as pale of January 26. Bale wool ie'being held for tho March. 24 sale. There was a very strong demand for sheepskins, and prices for halfbred, medium, coarse, and fine crossbred advanced a halfpenny. Lambs wero up lid. Wo sold a lot of haifbred at lid., a Tccord price for Wellington. Hides were very strong, showing a further advance of one-ciglnt/h of a penny. CalffiKiufl and inferior hides were considerably easier. Tallow was lirm, and advanced 30s. per ton." Messrs. Murray, Roberts and Co. offered a catalogue of 2500 sheepskine, 450 hidee, and oddments of wool and tallow. Prices for bag wool and fadges ruled relatively on a par wiLh our last wool sale. There was tho keenest competition for sheepskins, nrices showing an advance of id. per lb. over la«t sale, our 'top pnen being 103 d. ■ per lb. for fine crossbred*, and well-woolled - lambe; 6bort wools also showed on advance in prices in a corresponding degree. Prices for hides ruled well up to last sale • for ail sound and well-condiljoncd parcels; ■ inferior sloppy and damaged hides, how--1 over, showed a tendency to ease in pncc. The New Zealand Loan ana Mereantro » Agency Company, Ltd., xf-P. 01 that compe- > lition wo*? good at an auvance lor* wool • and .sheepskins of abou;i. *d. per lb., in • pyrapathy with ih« incrcated values being i realised in London currcnt sales. Tallow r also advanced about Is. P cr for ca^kß • in shipping order. Hides did not realise quite the extreme prices <paad at Iflfit Eale, 7 but values are still „ TJ , Mesere, W. and G- Turnbull and Go.j Lti,

report* that bidding was-spirited through, out the sale. Priccs were very firm, <tnd if anything in vendors' favour. Tallow showed an advance* of'£2 per ton.

I Messrs Abraham and Wiilianis, Limited, report offering a large catalogue 1q strong •competition. Sking were: higher by a halfpenny per lb. Heavy hides were firm, but light were lowe'r by an : eighth, and calfskins were again: considerably lower. TaJ. low wag Jirm at - ail advance. ' •

■ Successful sales wcie. also held by the Wairarapa Farmers' Co : op. Association and the United Farmers' 06-op. Association. The range of prices wng <xs under:— Sheepskins.—Halfbred,- lid;; ftno crossbred, 101 d.; medium • coarse, crossbred, lOrt. to 103(1; short • and half-wools,' 7£d. to 9d.; dead-arid damaged crossbred, 6£d. to 9Jd.; inferior and.badly damaged, 3d. to BJd.; lambß, 9sd. tv' IOSd.; damj),'.. saHed, and green, 3s. io 7s. 2d.; pelts,' Is. 53. to 25.; lambft, salted, 3s. lOd. to sfi. 6d.

Hides.—Ox, heavy;'6olb. up. lOd., to 103 d.; ox, medium, 50-591b., 9£d. to 10id.; ox, light. 491b. and under, ;9£d. to 103 d.; co.w heavy, 551b. and 'over, 10d. : ;-cow, medium, 42 to 541b.,. 9£d. to, 102 d.;' cow,.light under 421b., lOd. to IOJd.; cut, slip, and • inferior, 7Jd. to 9*d:; 'bull stag, l 4 3-Bd, to .73d.;, yearlings, 161b. to 241b., 72d, -t<f 9d;; calf, sup. up to 161b.,. Ud. to 773 d.: calf, medium to good, 9 3-Bd. to lC|\d.; calf, damaged, 3d. to 9Jd. casks, ,265. io ! 285.; in tins, 13?. 6d. t0.245. 3d.'. - .

Sundries.—Horso'hair, le.'lld. to ?,s.; cow tails, 16. 6d. to Is, 7d. v\: