FARMING & COMMERCIAL

Dominion, Volume 14, Issue 95, 15 January 1921, Page 10

FARMING & COMMERCIAL

OWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. Masterton, 2 p.m.-Land sjtle (Dalgcty and Co.). MONDAY. Te Horo Yards. 1? north.—Stock sale. TUESDAY. Levin Yards. 12 noon.-Stoek sale. Palmerston North, 12,30 p.in.—Sale of Bomney sheen (Dalgety and Co.). MANAWATU PASTURES HOT WEATHER HAVING BAD EFFECT POOR OUTLOOK FOR BUTTER AND CHEESE (From Our Own Correspondent.) Palmerston North, January 14. Tho extremely hot weather of the past, week is having a very bad effect upon the pastures, which-.are drying up, and in many instances turning brown, more especially where crops of hay have been cut,’ and the outlook for summer and autumn feed 1 is anything but good. I*ortunately, record crops of bay have been cut. and this will bo useful later on. Already the supply of milk at the factories is beginning to fall off, and as the early part of the season was unsatisfactory it is practically cerfiun that the output of butter and cheese in this district will be below the average. Now that the freezing factories have reopened,. fat sheep and lambs are pouring iu from all sides, and quite a number of snecial trains aro constantly passing through Palmerston North to the various works north and south of that centre. On the whole sheep are killing out well, but the lambs are’ especially good, averaging about 421 b. The shortage of feed is having a bad affect on the store stock markets, and anything except very forward sorts meet little or no demand. Pigs show a decided drop, and this has been reflected by hams and bacon easing to tho extent of about 4d. per lb. Some exceedingly find crops of lucerne have-now been cut, and a large quantity <>f this useful hay is being stored for winter. Oats are now ripening fast, and a few really good crops have been cut, but the majority of the yields will bo short in the straw and very light in the head>. Rape and turnips show little improvement, and unless rain falls shortly there will be a decided shortage of both for winter feed. A. AND P. SHOWS COMING EVENTS. The Woodville Agricultural and Pastoral Association’s 29th annual exhibition —its first two days’ show—will bo held on Tuesday and Wednesday, January 25 and 2G. The prize schedule for the Pahiatua show, to be held on Friday, February 4, 1921, is the most attractive, from an exhibitor’s point of view, yet issued by the Pahiatua A. and P. Association. Almost every section of tho show has been enlarged, and a big effort made to cater for the requirements of every exhibitor. The competitions, which are always popular at shows, include maiden hunters’, open hunters’, and pony jumping events, also a sheep dog trial, tho first prize for-which is .610. The cattle classes have lieen particularly well catered for this year, and a trophy to the value of £25 has been donated for the best yearling grade heifer. Entries for all classes close on Saturday next, January 22, and prize schedules may be obtained on application to tho secretary (Mr. J. A. Walsh). Intending exhibitors of sheep at tho Dannevirko A. and P. Society’s 12th annual show are well catered for in the way of special prizes this year. In Romneys there is a 10-guinea challenge cup for the champion ram, a 17-guinea, challenge trophy for the best two-tooth ram in the show, and also a challenge trophy valued nt Lt guineas for the exhibitor •raining the highest points in this section. For Lincolns there is the 10-guinea challenge trophy presented by local breeders for the best two-twtli ram, also a challenge cup for the best two-tooth Lincoln ewe. Southdown-breeders are furnished with a gold medal for the best two-tooth Southdown ram in the show, while in fat sheep and lamb classes three valuable challenge cups are open for competition. Entries close on January 26. LONDON WOOL SALES (Rec. January 14, 5.5 p.m.) London, January 13 At a free wool sale there was good Home and Continental competition, and practically all the offering was sold, at about 10 per cent, below the reserves in the Government sales. Among the realisations were: A CO A, top price 20Xdner lb., average 19td.; Clyde, 44d. and 41d.; Waranda. 2iid. and 21d.; Wellsbat 24fd. and 22?,d In the Bradford tops market there. i« rather more inquiry, topiqakers’ quotations hardening. Sixty-foftr's, old. to 54d. per lb. Crossbreds are irregular.—Aus - N.Z. Cable Assn. CANTERBURY MARKETS By Telegraph—Treat Association Christchurch, January 14. The present dry weather is not doing late crops any good, but earlier sown were wetl -developed before the heat set in. Oafs are not wanted, and prices offered are below tho cost of production, with no immediate prospects of improvement. All tin} crops cut, have been put info stack. Ryegrass and barley lire being thrashed. The few samples shown are of good quality- Farmers, it is reported, are nslting more for ryegrass than it is like* ly to fetch. A line of Italian ryegrass was bought during the week at 3s. to 3s. (kt. per lb. There is no demand for linseed. The potato market is beginning to show signs of animation. Merchants are offering about £4 per ion. No samples of the now season's wheat have yet been submitted.

The New Zealand Loan and Mercantile Ager.cv Co.. Ltd., have received the following cablegram from their Lmdra house, under date January 13 • • "ItoWiit. skins: Very few New Zealand skins sold. Best quality, little change; others. 20 percent. decline:; nominal quotation."’ Every progressive- farmer is familiar with the almost phenomenal crop returns that have been obtained by subsoiling. Giant Farmers' Friend Powde' will do tho work safely and thoroughly For tree-planting, stump and boulder blasting and drain-making it is unrivalled. To use Giant Farmers’ Friend Powder is child’s play compared with laborious. expensive pick and shovel meth ods. Giant Farmers’ Friend Powder is inexpensive and safe to use. Write for full details to Giant Farmers’ Friend Powder Co., c/o Gollin and Co. Pty. Ltd., Wellington, or Goldingham and Beckett Ltd.. Palmerston North. distributing agents for Wellington, AVairarapa and Ta ra n akiA d vL

COMMERCIAL ITEMS investment shares. ■ a sale of 5b per cent. Discharged Soldiers’ Settlement (the £5.000.C00 loan recently floated) was reported to haw been made' yesterday at .£9O, and a sale of V lien’s Cement at 17s. was made on Chan ß o. The quotations were as foil™- SpUel . fl . £ s. d. £ s. d.

CUSTOMS REVENUE. Piictnrns revenue collected at the port of Wellington yesterday totalled £11.378 3s. B<L COLONIAL A.Nd’oTHER PRODUCE. Australian-New Zealand Cable Association. (Rec. January 14. 5.5 p.m.i London, January 13. Flonr.-Poor 7 demand, though the nrtes has been further reduced a shilling. Renna Peas.—Quiet: steady. Harley—Slow. Australian. 755. to 88s. Sugar.—Unchanged. EXCHANGE RATES. Australian-New Zealand Cable Association. (Rec. JaniULry 14. 5.5 p.m.) January 13. t’evourn exchange rates on London are Yokohama. 301 d. to yen; Hong-Kong 35Jd. to dollar. PRICES OF METALS. Australian-New Zealand Cable Association. (Rec. January 14, 10.45 p.m.) London, January 13. Conner.-On snot. £73 18s. 9d. per ton; three months. £73 155.; electrolytic ingots, £Bl 10a.; wire-bars, £B3 10s. Lead.-kht soot. £23 15s. per ton; three months. £23 12b. 6d. Spelter.—On snot. £26 per ton; three months. £26 15s. Tin.—On snot. £205 ss. per ton; three months. £2ll 2s. 6(1. , Silver—Bars. 39Zd. per ounce standard. MELBOURNE PRODUCE MARKET. By Telegraph—Press Association-Copyright. Melbourne, January 14. Barley. English. 4s. 6d. per bushel: Capo. 3s. 4d. ner bushel. Oats. 2s. 5(1. to 2s. 6d. per bushel. Potatoes, £6 10s. to £7 per ton. Onions. £7 to £7 10s. ner ton. N.Z. INSURANCE COMPANY. By Telegraph—Press Association. Auckland* January 14. The directors of the New Zealand Insurance Company have declared an interim dividend of Bd. per share for the half-year ended November 30, payable on February 9. MINING IC kEWS WELLINGTON SHARE MARKET. The following was the only quotation recorded in the mining market yester-da-T • ‘ „ ~ Buyers. Sellers- £ a d. £ s. d. Waihl ~ 1 10 6 LONDON STOCK .EXCHANGE. Australian-New Zealand Cable Association. (Rec. January 14. 5.5 n.m.i London, January 13. gMW buyers 7s. 9d.. sellers Bs. 7d. STOCK EXCHANGE. Br Telegraph—Press Aesootatto® Christchurch, January 14. Salo reported :-New Zealand Refngera-'’Salefi-New Insurance. 265. 3d.; Wilson’s Cement. JJanuary . ry 14 . Salo reported:—Westport Coal. 275. 9d. LIVE STOCK SALES Messrs Dalgetv and Company. Limited. PMmerrton North, report on their Ash; t, ,‘ t Ra i e held on January 12:—We had a small entry of sheep and cattle which met a. very slow sale. Quotations r - Sheep: Small lambs. ss. 3d.. Bs.. Bs. 6d., to ?0s fed. Cattle: leaner heifers 30s to £2 Is.- woaner bulls, 20a..: sDrintrinp hoii ers. £l2: dairy cows, £6 10s. to £9. Messrs. Abraham and Williams. Ltd., report on their PalnWrston North sale on January 13:-We had a good entry of both Sheep and cattle. There . was a good inquiry for sheep. Cattle were m Poor demand. We anoteas follo’vs:—Two-tooth ewes, to 225. 3d.: two-tooth wethers to 22s Bd.: four-tooth wethers, to 225. lid.: bf killers, to 20s. Id.: six-tooth wethers, to 215.; small b.f. lambs. Bs. M to 9s. Cattle: Springing heifers, to £10; slxmonth Jersey cross heifers, to £4 145.; weaner Jersey,cross heifers £2 ss. to £3. store cows. £3 10s. to £4 15s.:' bulls, £5, £6. to £7. Messrs. Mnrray, Roberts, and Co.. Ltd., have received the following .cablegram from tbeir' London agents. Messrs. Sanderson. Murray, and Co . under date January 13:—“Wee wool sales to-day: better competition, good clearance: good Continental demand for pieces and bellies, compared with last free sale. Pieces and bellies, no change. A.ll other descriptions declined 10 per cent. Messrs. Dalgcty and Company. Limited, have received the following cablegram from their London house under date of January 12: -'Tallow: 2250 casks offered; 150 casks so’d. Nominally 2s. lower, but buyers arc holding off.”

Inscribed Stock. 1939 and 4 070 10 0 89 5 0 0 n 51 p.c. D.S. Settlement... 90 0 0 91 91 0 0 War Bonds, 1930 RA n o Bank Australasia o National Bank Rank New Zealand 2 12 5 0 0 0 2 12 6 5 0 0 National Mortiraee. ... National Mortcasre (London reerirter) ......... Well. Trust and Loan ... — 6 5 0 Well. Gas (£10) 9 13 0 South British Insurance 7 1/ 6 Standard Insurance ....... 2 2 0 Meat Exn. (£3 12s. od.) — 4 0 Huddart-Parker (ord.) ... 2 0 9 Westport-Stockton 0 0 6 13 3 9 0 15 0 Levland-O’Brien Timber t 16 6 pj.G. (prof.) 0 19 6 Howard Smith ■■■■■■ 1 lb 0 Wairarapa Farmers (£5> 6 6 0 Wairarapa Farmers (£1) ■ — 6 Wairarapa Farm. Cpret.) — 1 0 0 Ward and Co — 1 3 Wilson's Cement 0 16 6