FARMING & COMMERCIAL

Dominion, Volume 13, Issue 134, 2 March 1920, Page 10

FARMING & COMMERCIAL

AUCTION SALES FORTHROBIINQ FIXTURES TO-DAT. Levin Yards, 12.15 p.m.—Stock Bale. (N.Z. Loan Co., Dalffcty and Co., and Abraham and IVilliunn.) TO-MOREOW. ' • .Fricsland Park. Karero, 12.30 n.m.-Salo of stock and implements. fDalscty and Co.) Otnki Tarda. 1 D.m.-Stock Ealo. (Abraham and Williams and Daljety and Co.) Miramar, Wellimrtoii. 1 p.m.—Sale of. stock and imnlcmcntß. (N. 7.. Loan Oo.) THURSDAY. Addinßton Bhowi:.-oun<lG. Ohrintchiirr'n, 11 a.m.—Bale of pedigree cattle (Pyne. Gould and Guineas, Ltd", and H. MntEon and Co.). Lansdnla Settlement. Jlarterton, 12..vJ n.m. —Sale of ttocl: and implements [L^yin and Co., nnd N.Z. Farmers' Distributing Co.). ,-.. ' . . Woodward Street, Featnerston, 1 p.m.— Furniture pale (A. G. Fairbrothor). Upper irutt Yards, 1 pjn.-Stock eale (N.Z. Loan Co.). M'Lean- Koad, Ohau, 1.30 p.m.-Sale of, stock and implements (Abraham and Williams). Oxford Street, Levin. 1.30 p.iii—Furniture ■ ealo (Joplin, Btallard and Cnxmichael).

WHOLESALE PRODUCE PRICES

Laery and Company, Ltd.. Allen Street, report ivholcsale prices as follow.—Fowl Trhont, 9s. Gil. per bushel, sacks extra; feed barley, 7s. 3d. to 7s. Gd. per bushel, sacks in; maize, 9s. 9d. per bushel; blue peas, for iboilinjr, 17s per bushel, sacks extra; cats, feed Gartons, A grade. 6s. sd. per bushel; chaff,oaten sheaf, good bright, .Cl 3 .to .£l3 2s. fxl. per ton, sacks in, on trucks, f.o.b. Wellington; Farro food, .£lO ljjs. per ton, sacks in; flour, in sacks, .£2O per ton; oatmeal, 25's, Ji3i per ton; potatoes, choice Hutt-crown, .£9 to £9 10s., others good £7 Ms. to lfls. per ton, and sacks extra; onions, Canterbury, choice, • 3&S. fid. per cwt.; fowls, hens ss.'to Cs„ choice young roosters Bs. to 95.; ducks, Eiinners Bs. pair, white ducks 9s. to lis. per pair: turkeys, Is. 3d. to Is; id. per lb. dead weight: butter, farmers' separator, milled or dairy, in bulk. Is.- 5d.; eggs, fresh crates. 2s. nd. to 2s. lOd., cases 25.8 d., to 2fl. 9d. dor.cn; dressed pork, choico 70's to Is., 100's 10H- to Hd., 120's lfld. to 11(1.;'. choppers, 7d. to 9d.; beeswax, 2s. sd. to 2a, (id.: cheese, factorv. medium, case lots. llS'd.'; loaf choese. Is. 2d. per lb.: oyster shell grit. .C 8 lfls. Ncr ton: salt (fine), dairy (ctvts.), .£lO 103. per ton.

ENGLISH WOOL MARKETS London, February 28. At the wool sales there was spirited demand for merinos, at late rates. Fine to medium crossbred* were unchanged. Lower sorts were largely withdrawn. At Bradford but little business is doing. Prices for merinos and fine crossbreds are ltnchanged, but inferior low crossbreds are noglected.-Aus.-N.Z. Cable Assn.

LIVE STOCK SALES

The ijDoan. and Mercantile Agency Company/* Hawera branch, report * for tho week ended February 28 as follows:-At Opunake on Monday; there was a. Bond yafdinsr, especially ■ of jrown cattle. Wo quoW.-Four-ycsr bullocks. £12 St. to £13; two. and it half-yeiiT bullocks, £8 to £°: twenty-month heifers (nrantni w:th bull). <77 9s to £8 'a.: Tieli.t cowa. .€5 17a.; eighteen-month heifers, £5 12s. to £4 19*.; Bix-tooth. forward wethers, 295..: f.m. cwoe, 11b,; rape lambs, 155.; cull lambs, 7s. 6d. Ou Tuesday, at Manaln. we had a small yardinr. Quotntiom i-rfitorn cows, £8 to £11'2b.*6u.: bulls. £7 10a. to .£ls; four-tooth ' wethers, 245.: lambs. 9s. 6d. H Palmer Eoad, on Friday, to held our usual snle. Quotations :-Fat rowa. £12 to £12 155.: bulls, £9 sb. to £15 155.: Jernoy wcancr heiferß (smalll. £5 55.: lambs. Is. W. Messrs. Levin and Co. renni-t :-We held our annual cwo fair at FeD.diii? or. Wednesday last, when -wo had a... large entry. Outsido buyers were, not, :o numerous as i« URuallY tho casn at this aale. Tflkon all over, the aunlltr of th« ■ annual drafts Was not itM) to the nanitl hin-h standard, n.n doubt due to tho bad seasons experienced on this coast since last autumn. Wo,were s'wccsßful In diswinp; of all e"t.ri°B that showed any nualj'.y and condition, hut low-conditlonctl covin. Jnekins in duality and size, were neglected, and vehdors_h?d to lower their remrves before business could be done. The demand for twotoothß was not afl lieen as at. recent, fairs, and a, f*w pood lines were twrnod.out unsold. 'Mr. Jft>oph Oarpo ajain topped Hie market for older Pock ewes., two very mc« ni-ns of densc-wollod Romnc.vi made 395. 6d. ami 40s. Wo nuoto as follows (last vear's prices apnearinc in parentheses) :- FouT-vear ows. Tn.w»ra Estate, Ms.; fouryear'ewes, Adeett Estate. 31e. (id. !295.1: five-year ewes, Tawera Estate, 295. 6d. (305.); four-year ewes, Alfred Kidd, Ms. ttOs. 7d.1: four-tooth to flv/--y<w ewes, Joseph Batcholor, 255. '235. 6dO: four-yent ewes. M. A. Oornvny;'3».«,: five-year ewes, A. G. Meyriok, 255. Jd. (Ms.): four.and fiveyear ewes, H. Stewart, 265. 9d.; four-tooth to f.m. ewes. Joseph Corpe, 375. 6d.. 20?.. fA„ and 40a.; low-conditioned late shorn aixtootft.ewca, R. W. Sonthee, 255. 6d.; mtooth''cwcr. Tawera Estate. 335. M.: f"ur and six-tooth ewes, James Campion. 345. 6d.: four-tooth Romn<>" cros« ewes. Flockhon»e. Station, 325. 6d, to 33s • four-tooth Lincoln cross ewes, 31;.; small four-tooth ewes. T. E. Oraine, 24b. 9d.; small late shorn four-tooth ewos. R. W. South ce,' Ms.: four-tooth ewes, Tawera Estate, 35a.:. Ijfncoln ctobs small four-tooth ewes. .Mabrn and Hume, 295.: two-tooth ewe'. Mabin and Hume. 255.; two-tooth ewes. F. Krujl. 26?. 6d.; two-tooth well-Brown ewos, W. S. Kammond, 355. 6d ; nm?l.l two-tooth ewes. It. Smith. 255. 9d.; small two-tooth ewes, Adsett Estate, 255. 6d'.; late shorn twotooth ewes, J. D. Hockinir. Ks. KBs. id.):. two-tooth ewes, James Kniirht, 37b.: twotooth ewes, P. M'Devith 3tc.: two-tooth ewes, Tawera Estate, J2s. and 345. .'34 a. and 375.); 1280, four-year ewes. J. B. Murphy, ex Taupane, 34b.; flock book two-tooth Southdown ewes, Jamco Knight, 4ciis.: tloc); hook rn!xed-aKe Romney eivcff. James Knisht, 24<rns,; four and five-year lowconditioned ewes, W. J. file. 255.-. fourtooth to 'four-yeal low-conditioned eweß, R. Oraie, 235. 6d. Messrs.' Paluety and Company report having held a clearinpr sale on account of Mr. Qcoree Hume at Piriitoa lapt Thursday. No doubt owinir to thn inclement weather, the attendance of buyers was not lariro and the.sale all throuirh had a draffgine tendency, this especially being the case in rcprard to cattle. Tho stock offered were In excellent order and condition, and prices all round were certainly in buyers' favour.. The oriaoinal solos were as under:—Two-tooth Romney cioss owes, 31s. 6d.j Six-tooth to f.f.tn. ewes. 20s. 3d.; five-year-old ewes, 205.; woolly wether lambs, 16s. 6d.: woolly ewe lambs, 16s. Id. A number of pens of cattle failed to find purchasers under tho Jinmmer, the only sale of cattle beinsr-'waPolled-AnfMis and Shorthorn crosa cows with calves at ■ClO COMMERCIAL ITEMS INVESTMENT SHAR.ES. Quotations yesterday for investment shares were' as under:— Buyorß. Sellers ■ £ s. d. £ s. i Inscribed Stack (1938) 95 0 C - War Bonds (1938) 95 0 0 - National Bank 610 6 612 0 Union Bank : 12 13 6 lo 0 0 Abraham and Williams 5 9 0 — Goldsbrousth Itort ....;.... - 2*° ° National Kortengo 6 0 0 — N.Z. Insurance ......; 3 13 0 — t 6. British Insurance ... 9 9 6 — N.B. Hefriserat-. (10b pd.) 17 0 — , Huddnrt-Parker :(ord.) ... - 216 0 Union Steam 10 9 — P and O - 630 0 0 Taupiri Ooal 0 17 9 0 19 '6 Westnort Coal 1 11 0 - Waina Colliery — 0 .'7 3 I.eyland-o'Brien 1 !• 6 1 10 3 Colonial Sugar (Fiji) ...20 16 0 21 0 0 Howard fimitli 2 5 6 — Gates Ltd. (cum.) - 17 0 N.Z. Dnij 2 19 0 - | Paner Mills 114 6 - W.F.O.A. (prcf.) 019 9 - ' Wilson Ooment — 016 2 Eclipse Petrol (10a.) - 18 0 Eclipse Petrol (£1). - 118 0 CUSTOMS. REVENUE. Customs revenue collected at the port cf Well'i'ston yesterday amounted t= £50M We. Bd. BANK OF AUSTBAI.ASIA. Australian-New Zealand Cable Asßoclau'on. London, February 28. The Bank of Australasia has declared a dividend of 14 per cent, and a bonus of 4 per cent, free of Income tax. To the reserve thero -will be added £100.000, and it is proposed to carry forward £127,f.?,2. LONDON METAL MARKET. Außtralinn-New Zealand Cahlc Association. (Rec. March 1, 10.5 p.m.) London. February 26. ' Copper .-On Boot, £120 7s. 6d. nor ton: forward delivery, £122 17s. 6d.; electrolytic • bars, £130; best selected copper, £127.

NEWS AND NOTES

MINING NEWS

Load-On Bpot. £61'125. 6d. per ton; for ward delivery, £52 123. 6d. Spoltor.-On spot. £59 15s. per ton; forward delivery, £6i loh. Tln.-Orr spot. £399 109. per ton; forward delivery. £#2 sb. Bar silver. 923 d. Per ounce standard. BANK OF ENGIUN.D RETURNS. London, February 26. The Bank of England returns for the ' week ended February S are as follows-.-Isstm Df.PAHTMKNT. Notes issued iGC.626.C00 Oov.dobU f 11.013.000 Other securiKotcs in ties 7.13.1.000 rcser.ro 31.&W0K' Gold 109.7M.00U tmrnm £126,163.000 BAMllliQ Dk.paiitmf.st. Piniivlftn«' Gov. scenri- « til • ..C14.553.C00 Uan ... £85,103.000 Public do- , m Olhmocurlpodia .... 17.3-22,000 ties... ™ So.iaj.ooo Other do- . , posits ...172.625.CC0 Notea in : Beft 7-day rosorve ... 31,637,000 and other ' Coin in r .. nnm bills ... 3.527.001) reserve ... 7J2.QCO The Kidhif items of ir.e Bank 'Of Eng'and return" afford the following com■arison :— : This week Last wcok Last year £ £' £ Rnllinn ... 10n.711.C00 107.737.C00 FO.WO.OOfI RMorvo ... 32.369.(00 3M05.00i> 20.743,000 1 N'o o Circulation P1i.52C.0r0 MjIKIOO 70.336.000 PoWic Deposits 17.322.W1 26 337-0 M 2r,,P24.000 Other Deposits 112.825,000 164.b12.000 119.170.000 Proportion of to liabilities ' 17.03 17.40 20.51 MONEY- MARKET. The Bank of England discount rate, which hud stood at 5 per cent, rmcc April 6 1917, on which date it was reduced from SI per cent., ivas raised to 6 per cent. 0'". November 6 OPM MARKET KATES. The open market rate for three months' bill is l>l per cent., as compared with 63 per cent, last week and 3J per cent, last year. Short loanß are quoted at 48 per cene, as against 48 per cent, last week, and 3} per cent, last year. EXCHANGE .JUTES. Foreign rates of exchange on London are quoted :—l'ariß. 40.35 franca to £1; Stockholm, 18.27 kroner; Ciirißtiania, 19.75 kroner; Now York. 3.374 dollars; Montreal, 3.93 dollars; Calcutta, 31d. to rupee.

COLONIAL SUGAR COMPANY KETTJBNING TO SIiAIiEtTOLDETIS PART OF CAPITAL, Sydney, March 1. A circular has been issued by tho Colonial Sujar Company of Australia calling a special, meeting of shareholders to consider a, proposal to return to the shareholders a part of their capital. The circular explains thai during tho war tho company subscribed considerable sums for warloans. It Sb now necessary to decide what action should be taken with regard to the money thuu withdrawn from 1 usincsa. Under normal condition* a, la rue proportion of the money would bo required for cxtensionH and renewals in tho Queenslaud mills, but tho political position in that Stato renders each expenditure impossible. Besides, funds are already available'when the outlook is more stable. The board ha.s therefore decided to advise that £650,000 worth of debentures be divided amoTiir the elmrcholdcrs as a returned part of the paid-up capital of the comnany. The division will bo at ihe rate of £4 for each £20 share.—Press Assn.

WELLINGTON fiITAHB MATi.KET. Quotations' yesterday for raining shares were ?.s under:— Buyers. Sellers. £h.i. £, s. d. Mount Lyell 17 9 - Wnlhi' _ 2 7 0 2 0 6 Grand Junction 012 0 012 9 STOCK EXCHANGE. By Telegraph—Press Association.. Auckland,' March 1. , :Snles: South "Ilrilish Inmiinnco. £9 95.: New. Zealand Refrigrratiner. 19b.; Talisman, 9s. 4d. '~... . Chrlstchuroh, March 1, Sales reported '-Bn'nlc of New Zealand (part)?- paid), £6 15b.; New Zealand Insurance? £1 Us. M Dunerfln, March t. ■Sales on 'Change— Talisman, 9s. 5d.; Mount Lyoll. 295. 3d., 2Jb. (three snln«lj Gr.ldsh-.'oueh Mor' 40b. 9d.; Union Steam Ship 00. spri'f.V 2ts„ 20e. led. (two Bales). Sale reported.--GoldrfnouEh Jjort., 49a.