FARMING & COMMERCIAL

Dominion, Volume 12, Issue 286, 29 August 1919, Page 10

FARMING & COMMERCIAL

NEWS AND NOTEi

''....,,."."■".: AUCTION SALES , i :~t ■■.'"', -FORTHCOMING FIXTURES. -. ;■:•■ -','.*'. .'.. .V'.,'.;'. -TO-DAY. .. :■. .- - :■ ■--BtbuihW Avenue. Wellington. W *•"£. ■ ..' Sale, of building material (E. Johnston •" ■ K MarinorV Street, -Wellington, 2 p.m- ---; Furniture sale (Kadford and u>.). '.-;,"■■-. "•::;,:V/v ..;:...TO-iiOEKOW.; i'h Otakii ; iuo-a;m:-Sale of stock, furniture, ;"' V ■ Toenail, "Blenheim. , 12 nj°V^,"#? .■■'■'- -/(Levin, and. Co., and N.Z. Iftrmera Oo- ■'-■■■ op. - -of Canterbury, Ltd.). ; " Ohiro"'Road, "Brooklyn, 2 p.m.-Sale ol '.. building material (C. W. Pnceand Co.). ■';•'■■'■■;., ..; MONDAY.- ... ; .• Beach Road, Waikanae, 1 p.m.-Stock aale • ;(N:Z.. Loon Co.). ; THE MEAIToMMANDEER . ..ITS EXTENSION DISCUSSED. '-.'■.'_ \b'j Telegraph—Special Correspondent.' \ < Wannanui, August 28. ; ' The question of whether the meat oomItiandeer' should U extended was die-. : ■ 'eussed.at tho'annual meeting of the Wβi'- ugariui Heat' Freezing Co. ';■ Mr. Ewan Campbell, managing direc- - : tor, : 6pea.king after a long experience of ,'/tin . meat business hero, considered it '/'■' iwouldbe greatly to the advantage of t-no :--M -producers and the freezing companies i'■' if such an extension took place. Ine : producers would have an assured mar- ■■■'■■ feet, and. the freezing companies-.would ' ' 'iknow.eiact.ly. what they could pay. There ' .-would be no speculative value. Thero 'Sβ" a belief that free meat would mean '' .higher prices, but that is only a sur- '■■'■ !«isV' he. said. "Those who have been ' : -in the business only during the good Reason of the past seven or eight years ; lave no idea of ■ the stress that was. •' 'caused in previous years. Lamb, which we had paid 3d. and !isd. per lb. for here/ : *m solil for 3d. and SJd.-at Home, the ." '-cause being unknown. "We lost thon- : eands of pounds through this. The eamo : thing happened in resjard A free markot is not eyerythin"." Coming to the question of freights, Mr. : 'Campbell snid it was certain that pre- : War fTHißhts would never obtain again. l'he tremendous inoreaso in the price of shipbuilding made it impossible for i ; small companies to replace war losses :.: v innle39 thev got W(? support; from the ;.' 'American Meat Trust. Mr. W. J. Poli.-". pun's scheme to get over thependniß dif- • flcnlties were controversial. , but Mr. rol- : ' eon deserved "the sincere thanks of coin- ' panies and producers for having focused attention- upon the subject. ; Mr: W. J. Poison said ; he was in affree- ' ment with Mr. Poster, of the Wai- " riirapn. that it would not be in the mter- '■■ «sls of the Droducers of• this Dominion ' ,lf the commandeer were extended.- The ..- commandeer .had been the only way ■ round a difficult corner in a tinifl of : p.risis, ■ and. had dono an ihcredible amount of harm to the Dominion _by wnrkin? into America's hands. America ! h!(d taken advantage of the commandeer I '■•'•to develop new markets, while ourmeat "inis lied w>. An organisation with a '■ , capital of five nnd a hnlf millions had been set up with the' oßJect of oapturing- the European nnd particularly the British'market while the commandeer • Tvas"b'ri..-"lt 'was therefore of vital im- ■ p'drtance' 'to 'pet. the commandeer remov-ed^afc.-the j earJiest momenf. The speaker ;■ Rigued, -as he had dono at other recent •■; meeting, that the people of England -'' were bow eating less meat than before '•'■'■- the war. Mr. .0. Jα Duigan said that it had been fisserted that thsre was.a slut of meat in : Great Britajn at the present time. Such it; position seemed incredible in view of the'depletion'of jinimals caused h\- the war. He also quoted several, estracts '. from Glasgow papors of recent dates Khnwiiv? that .butchers' sliops had baen '' • obliged to close because fliey were- unable to get supplies of meat. These extracts. Mr. Du'tßan pointed out, inferred ; -.-i that the liiphest allocution nf meat was '■'• Tfi pei cent'.'i!" the full weeitly rationed ; allocation of-the city, and this temlpi! to ■ : show that tiere was either very faulty ' organlsatinn in tlie Dnited Kingdom oi •';. no .glut of meat a* alleged. PROPOSED MEAT COMMISSUW ■CONPBT?.ENf!E OT , PPODTTfITNG : , .INTBEESTS ADVOCATED. '■ By Teleeraph.—VreSi. Atioclatlon. ':■' ' Dunedin, August 28. The committee of-tho Ota'go Agricultural <■ tural and Paetoal Association to-dnj . wnsideTcd the proposal to send a o>m mission to Emg'land to investigate tbj '■ frozen_meat position and arrange for I ■■ better distribution. The committee re i> Bolved that before action be taken, a con : i'erence of all producing interests shouU ' Be-called. Iα: the meantime it : repudiate: '■ the -resolution passed by tho Peildini .. Qo'mmittee.- It was resolved, that th< .. ■ Otago . representative on the Board o ■ Agriculture be asked to bring befor :'■ that:body, the present unsatdsfactor; ';;"•'■ position; of hides. LAMBING FAILURE IN NEW . SOUTH WALES ;■ Sydney, August 28. '•"-■; The autumn and winter lambing sea : ' tons have proved largely a failure ove '':' -the greatest part of the State, owing t : . the drought. |In autumn 6,500,000 ewe L: Si'produced 4,120,000 lambs, representing fi ■ : .'-:-'■ peT ceiff .," while the survivals for mark > . mg were only 47, per cent. • In the win !■•.' ter i,!)i3,Q00 ewfs produced 2,948,00 I \ lmnbk,' and the probable markings ar ■~ 2,112,000_.-Pres9 Assn. .WHOLESALE PRODUCE \- 'I PRICES ■-' ".-Messrs. Laery and Co., Ltd., Alle. Ktreet; reports wholesale prices as fol '" lowi—Fowl wheat, choice, 7s. sd. pe •' lmshel, sacks extra; feed barley, ss. So ■ per bushel, sacks extra; blue peas, \% '.- 6d., for boilinu, per bushel,, sacks extrii '■' ,; oats, feed Algerians, ss. 3d. and ■ ss. ii, ' .-. oats, feed , Garlons, ss. 4d. per bushel •:.' eacks : extra; Eaukura oats, seed, ss. Be per bushel, sacks extra; chaff, oute eheaf, good bright, £V> 7s. 6d. tou, tack j- .-' in, on trucks, or f.o.b. Wellington I- flour, in sacks, JEI6 ss. per ton; poljar; '■: , 410- 55.; bran, 55.; hay, Canterbar ' meadow, 10s. to M 155.; potatoes ■':-.: .whites, £12 to 10s. per ton, sack :"■ included; oatmeal, 25's, i"28; waluut ■ ' (N Z)' Is. 4b. U>.; potatoes, seed, Breeze ; Prolific, J!10;"'Up-tb-dates, JC10; onion: '( Ma: cwt.; fowls, 7s. 6(1. to Be. 6d.; choic s -roosters, 9s. 6d. to 10s. 6d. pair; heay 1 Turds, lls. pair; ducks, 10s. pair; whit ■ ducks, 12s. pair; turkeys, Is. 3d. to 1; 41b., dead-weight; butter, farmers sepai ator, in bulk, and in pound pats, Iβ. Gil. :'■ eggs, fresh, crates.' Is. 7d.; fresh ewe. '■' ' Is 6d.j market weak; dressed porl choice 70's to 90's, 10d. to lid. lb. i choi '■ pers, sd. to Gd.; 90's to 120'e, OM.; bee, tox, 2s. 4d. to 2s. 6d.; cheese, factory mi tlium, case lots, j-ljd. lb.; carbide, splei did quality, in 1001b. drums, 4te. drum bluestone, 10s. per cwt.; salt tune (cwts.), JE9 per' ton; seaming twine, o-pl; •' Is. 4d. lb.___ ; LIVE StOCK SALES ■ Messrs. Wright, Stophenson and C 0.., Ltc report having offered a. large yarding . Bheep and cattle at their weekly sale c : Wednesday. There waa a large attcn . anceW bidding waa very spirited ■ total clearance being effected • at sail ■ factory prices to the vendor «uota4loni: Sheepi Mootn wethers, good ®s-i -M-tooi •wethers 21s. M. to 345. Id.; iHooth-. : ISTotos, lfe Id- to 218. Id. Cattle: Dai. oowe, £13 165.; calves, £2-7e.; store cow : lo Tho New ZeaJand Loan and llercanti ; Aeenoy 00., Ui., report on their Mast< ■ ton uale as Mlowb :-We offered a. smi ■ entry of sheep, consisting of several pe i of hoggete. liiddine at auction was ale : ' end several lines were paeeed, but, i ; manftßed to dispose of the most of the !'■ privately. Wo quote: Medium hoggets, Z : to 225.; cull hosircts, Us. The New Zealand Loa-n and Morcant: Aeency Co., Ltd.. report on their Pahiati ■ sale aa follows:-1Ve offered, a fair yai i ine of eheop and cattle to'a- good attei) - anoe. The sale dragced right throue aW pMcW'wero riSfitp -toroutside d .- trick.! WeUq'uoto: iFair hoggets, 215., 2: 10d., -and Z6b. 2d.; <ouir hoggets, 125. , 12s. 3d.; fat ewes, 363. lid.; fat ewes ai i wethers, £2 Zβ. 6d.; dairy cows, £11 : £11 125.; dairy heifers, £10 10s. ' ; Ifeesrs. Dalgety and Company, Limit! ■ report having held their monthly Bale ; $e Qfaii yards on Wednesday, -when th

offered to a fair attendance of buyera a heavy yarding of sheep, and a medium eutry of cattle. Competition was not a-n • mated, and a number of the lines-offered foiled to find purcuiwera. The principal business was an und6r —Poor conditioned shorn hoggots, 17b. 4d.; small shorn hoggets. Us. bd.; fat wethers, 44a. to 16s. M. Settle: Prime fat heifers, £13; 2-year enipty heifers, £5 17s. 6d. to £6; poor conditioued empty heifers, £4 Uβ.; mixed aex wca-ners, 275. to',Kb. 6d.; dairy cows, epring calveni, £12 IDs. to ill; springing heifers, £9 10s. to £10. Messrs. Dolgety and Company, Limited, report having held a successful sale ot dairy stock on account of Messrs. Whiteman Bros., at Upper Hutt. The herd of dairy convb offered was a really good cue, and a vory successful sale has .10 be recorded. Tne herd comprised 92 cows and heifers. All cows: coming to early profit were keenly competed for. Competition was not so brick for cows in milk, and heifers were also a little dull of sale. However, all things considered, the competition generally was good, and satisfactory prices wore recorfled. Cows coming to early profit sold readily at from £14 up to £2b 10s.; cows lately calved made from £12 to £16; cows wiiich had been in milk for some mouths made from £9 to £15. A number of the dairy heifers offered wero a little backward, and>competition for these was not strong, the 15 heifers offered Belling at from £9 to £13. ■ COMMERCIAL ITEMS

INVESTMENT SHAKES. Yesterday's quotations for investment Bhareß were as follow:— Buyers. Sellers. £ s. d. £ s. d. Bank Australasia- 129 10 0 - rational ilank - 610 0 Bank Now South Wales - 41) 0 0 Bank N.Z. (£6 13a. 4d.)... 18 14 0 19 0 0 Union Bank 59 o 0 69 15 0 Christchurch Gas - 6 9 0 Mimei- ti.is (p-ei.) - 1U » » National Insurance 4 3 6 — N.Z. Insurance 110 6 — S.I), Insurance 8 10 (I - Standard Insurance 3 0 0 N.Z. Refrigerating - • 410' 0 Ilnddart-Pa-rker (ord.) ...290' 294 Kaia-poi Woollen 8 7 6 • — Wcstport Coal 18 3 19 6 Leyland-O'lirien Timber 1 7 S Colonial Sugar 25 0 0 — N.Z. Paper Mills .18 0 - Ward and Co. ■■ 5 0 0 — Well. Cordage 12 9 13 3 Inscribed Stock 96 3 6 9610 0 War Bonds. 1938 96 2 6 ■ •- l'.O. 5 per cent. Bond 6 ..93 0 0 .' CUSTOMS REVENUE. ' Customs -revenue collected at the port of Wellington yesterday amounted to £2443 6s. 9d._ MINING NEWS 'WELLINGTON SHAKE MARKET. The quotations yenterday (or mining shares were as under :— Buyer*. Sellers. X s. d. £ ». rt. Hochstetter l 0 9 3 — Junction y— ' 013 6 STOCK EXCHANGE. By TelceraDh.'-Priro Awoclatlon. > Auckland, August 28. Sales.-Waihi, 48s. 6d. Christchurch August 28. Sales Reported—New Zealand Loan and Mercantile (ordinary stock), £112 10s.; New Zealand Refrigerating, £4 10s.; Christ; church Gae, £6 Bs.; Waihi Grand Junction, 13s. 6d. . Dunedlni August 28. Sales—Mount Lyoll, 25b. U.\ New Zealand Paper Mills, 28s. 6d.; New Zealand Insurance, 31s. . . ■ • NEW ZEALAND .DRUG COMPANY. Dunedln, August 28. Tho directors of the New Zealand Drug Company have declared an interim dividend of 3J per cent, for the h'alf-year ended July 31. WHEAT. (Eeo. August 28. -8.45 p.m.) ' Chicago, August 27. The Amerioan -visible supply of wheat east of the Rookies Iβ estimated at 55,311,000 bushels. Messrs. Abraham and, Williams, Ltd., have? received the .following- wool cablegram from their London house, dated August 25:—"Fine crossbred, 7i per cent, rise, market very firm; medium crossbred, par to 5 per cent, rlec, market firm; coarse orossbred, 5 per cent, decline, market very dull. Attendance good, Americans operating freely.