FARMING & COMMERCIAL

Dominion, Volume 8, Issue 2537, 11 August 1915, Page 8

FARMING & COMMERCIAL

, "PERHAPS REGRETTABLE " INCREASE IN FREEZING COMPANIES. In. tie course of his remarks at the annual meeting of tho Wellington-Meat. Export Company ■ yesterday, 1 the. cliair- •••-!•• nian (Mr. .W. G. Foster) referred- to tho increase in ho number of. freezing - companies in New-Zealand. ■ - ! "Shareholders will havo noticed," lis y. said, "the increasing numbers of freezing companies 'registered and in course of formation in'bot'li Islands. Beyond i. ;,. a certain point', tliis is regrettable. The X farmer;desires to bo relieved 'of his .fat stock 'promptly oil their .becoming markotably ready, .and.is pressing formore and more works, to achieve his purpose. He is quite ready..to provide his share of capital necessary, especially also in 'the -hope that 'more . works' - means ''more .'competition.' One; thing, liow- : ever, ismot sufficiently taken into^ac-. count; .and it is tho chief factor in the . profit: and-loss-account. It'is obvious that; more works and greater freezing : power will result in gi'eatcr daily operations,'and a need for greater and more freijuent relief by shipping. The more rapid export will, of course, , result in 5 a, similarly more rapid-delivery at-'Brit- . ish ports■ at. a time , when all'principal . supplyiiig : -cbuntries—Soiitli ' America, : ■;. 'Australia, New ■ Zealand, and ' shortly' Soutli - African—are ' pouring : ;iii"'. their year.' harvest'of meat. During several years; past ..the. -markets -have .felt.' the pressure, and prices have , declined dur- • ing ;tho period-of tke. arrivals of our harvest export, and 110 effort, combined or could resist sucli discline, when, 'stores become congested, and. ships; unable to discharge. Each year for some; time past British storage during 't/ha rush time has proved totally inadequate,' and there are no mdicatious of material extension in tho 'near fu- ' ture..;■. "Obviously, to prevent disaster, .-in-, creased storage- capacity-.-must:;be provided at one end or other, and your, directors have now in hand the, erection of storage for a further 100,000 carbasses • at Nga-hauranga.

. On August 31 tho annual conference of tho. New Zealand Shearers' Association! opens m Wellington. Mr. A. J. . 1 King; president, who was elected when : Mr. '.J'. Cooper retired fromv the-posi-tion, 'will preside. ■ It is anticipated that the conference will not bo a long one. Tho chief topic for discussion will be the-question of amalgamation'"between . tlie association and the Farm Labourers' Unions.- < Never has- the demand-for clear-Headed -iwnsfTtiottTOitliinkiiig'-'iii business'been eo " /urgent ;as-it .is right now. We are Uv-' : ing m'a progressive age; and-..must-,'take ... odvantgae of ail np-to-daite "It is?in'savingß-froin. waste of any doscription'ithat ; money is made to-day,, and by ■- concentrating 'one's efforts jon all -of our.business we,claim to/.be able'to ■ produce results: for our many cream suppliersi .We 1 , want more cream. Can 'you : supply ;us? "'Further particulars, Wanganui Fresh -Food Co.—Advt. So far there :has only been a, slight'ad- ' Tanoe-on the-prices of the famous Victor • ; Cheese Vats, and factories - are. now" ordering in view of a. possible further increase;;' Various causes will shortly.-great-ly increase the cost, but orders received now will bo delivered in rotation and at .pre9en.t'pricßs.. Albert; ; J; Parton, Car-ierton.-'Adrt.

' LIVE STOCK SALES

Jfcssie. - DaJgety and Company report traving h?ld their usual fortnightly sale at, Eketaiuna on Friday, when there was a large yarddnsr of both sheep and cattle. All olassies of Sheep .were in keen .demand witihr ths ; exception : of second-cla'ss breeding owes, which were hard ,to. quit: at .ven-dors!.,-values. The yarding of .cattle- chiefly comprised dairy cows and,'springing heifers,; wliicih met with, very ..poor demand. Steers and store cows met with keen competition, ~the, following prices, being.-.real-ised:—Sheep :; 'Pat, ewes and wethers,. 295. lldiforward '.two-tooth ' wethers, .24s.'_ 6d.; mixed age • breeding ewes; -in lamb .to Southdown^.rams. 23s.''4d:; two-footh: breed-.' ing ewes,' in lamib to. Southdowm mms, 17a.:' id.: . store-e"wes, lfe. 2d.; mixed-sex hog-. KCts/l 16s. 4d., 16s. Bd., to 17s. 2d. Cattle: a half-rear forward-condatdoaed 6tesre; £7 10s.: springing heifers, . £5; year-: ling ; steerff, £2 95., £2-14s. 6d., to £3 lie. The New Zealand Loan and Mercantile .'Agency Oomipany, Ltd., report:—On Thur6-

HEWS AND NOTSa

day wo held a very successful clearing ealo on account of Messrs. Pa etc and M'Gregor on their farm at Mangaraiwa. The dairy cows showed, good Quality, the majority being half-bred Jerseys, and realised the following prices:—Cows, calved a, few days SS to £s;.cows,.been milking since March, £5 25.. 6d., to :£3 16e.; springers, £12 7s. 6d. it© £6; tho.herd averaged £7 Bb.; twoyear springing heifers, £5; purebrcdi Jarsoy bull,' £8;-aged- gelding, £6. On Wednesday,;.: July, 28, at Mrs. John Englebretsen/s sole -we 'offered one roan yearling' colt presented by Mr. J. Englebretsen for the -Wounded Soldiers' Fund, the purchasers being:—A. Englebretsen. £1 10s.; G. Lainbeer, £1; also for the same fund, a calf, presented by Mrs. Englebretsen, the .purchasers being:—G. Lainbeer, A. Evane, Pastor Eies, D. Durtow, R. 11. Boyne, J. Wilson, W. Duncan, 'K. Stevens, W. J. Sedcole, ss. each; final, Mire. Ries, 10s. Tho Wounded Soldiers' Fund wiU thereby benefit by £5.55..''. — ' Messrs.. Dalgety • and Co.,' Ltd., Wangonui, report.-having held their usual fortnightly. sales at Wenganui and Waverley, and. also. a. special Ea'le of dairy heifers at Waverley;.- At Wanganui on August 4 we had a fair yarding of sheero of above averquality and a small yarding., of cattle. The demand for sheep was keen, and we quitted practically everything at 'prices in vendors* favour. We quote:— Bat wethers, 30s. Bd.', 31®. 6d., 335., 335. 2d., to 33a 3d. i fat'ewes, 28s. 6d- to 31s. 6d.; forward cwas, 245. 3d.; store ewes, 20s. to 20s; 6d.; two-tooth- wethers, 2Be. 6d.; good wether hoggets, 235.-3d.': others, 205.; young ewes in laanh, 255. lOd.; mixed-age ewes in lamb, poor condition, 225. fid. - Cattle: Empty heifers, £4 75.; store' cows, £3. £3 195., £4 16s. At Waverley, on August 5: Store, wethers,',2ss.- 4d.; two and a, .halfyear, to three-year- ste«rs, £8; store cows, '£4 10si, £5 10s., to £6 10s. At the special, dairy heifer rale on August 5. the bulk of the line yarded were backward sorts. There was a' poor , attendance of buyers, and little business was done. We quote: Fair sorts, £ to £5 103.; others, £6 6s. to £6 10s. ..

COMMERCIAL ITEMS INVESTMENT SHARES. . There'were no transactions in investment shares yesterday. The Quotations ivere as under:— - Bujorfl. Sellerß. £ s. d. £ s. d. National Bank — 5 1 0 Bk. N.Z. (£6 lfe. 44.) .... - 16 7 0 Equitable Building ...... 9 5 0 -? National Mortgage . '400 Well. Gas (prell - . 10 0 Well. Meat Export. (£2: 125.:6 d.) 219 0 Westport Coal — 111 6 Westport-Stockton (50 . — Leyland-O'Erioil — ,12 6 Golden Bay Cement — 1 113 Kauri Timber (155.) ......... 0 16 3 — Customs duty collected at the port of Wellington;. yesterday, amounted to- £136875. HIGH COMMISSIONER'S REPORT. A CORRECTION. . The Department of Agriculture, Industries and Commerce has received a connection from . the Post and Telegraph Department, -with reference to the High Commissioner's 'cabled market report of Aujf. usf 7. .' The'' correction ■ refers t0.., mutton only, the particulars regarding which now read as follow;— Mutton: Canterbury, 7d. per,; 1b... fer:.light-.weight; .heavy-weifihts, 63d. ;. North. -Island,-' 6 13-lfki., for best-nual-ity. lightrireig'hti erdinary quality, <?d.; ewes, 6d.

' v- '. •• ••'WHEAT. By Telegraph—Press Association—Copyright London, August,9.'.'Wheat.—Market was firmer.at the. out-set owing- to higher Amcricam cablegrams,-but quieter later on owing to freer offerings of Manitoba and improved American -wear thcr.' -' ; ' Australian shipments arrived are held at 653., 553. (Rec. August 10, 18 p.m.) Washington, August .9.. ■ ■ The official estimate of the winter wheat is' 659,000,000 bushels: spring wheati 307,000,000.' . . . MEML MARKETS. London, AugHKt 9. Oopper.-On the spot, £69 7s. 6d. to £69 123. 6d.; three months'. £70 15s. to £71; : electrolytic. £84 to £85. Tin l . —On the-spot, £150 to £150 10s.; three months, £152 ss. to £152 15s. - Lead.—Soft foreign, £22 12s. 6d. to £22 17s. 6d. per iton. . Spelter.—Oaeh, £75; forward, £65. ■ ; Silver.—22 9-16 d; per ounce standard.

BOARD OF TRADE RETUBNS. . _ _ - ' ■ London, August 9. ■ Tho Board of Trade returns show that imports increased - by £1,671,663; exports decreased by £9,683,869; reexports increased by £1,582,874.-