FARMING & COMMERCIAL

Dominion, Volume 14, Issue 98, 19 January 1921, Page 10

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. ' TO-DAY. ■ ACT Lambton Quay. Wellington, 10.30 a.m.— Furniture sale (E. Johnston and Co.). •Tiritea, Palmerston North, 1Z noon.-SaJe of stock and Implements (Abraham and Williams). Waikanae Yards, 12 noon—Stock sale. ’<s Matni Rood, Hataitad, 130 p.m.—Furni••7. ture Bale (E. Johnston and Co.). £97 Cuba, Street, Wellington. 1.30 p.m — i Furniture sale (Yine and Wilson). Teat her a ton Street. Wellington, Z.oO p.m.— • Property sale (Bethune and Co.). TO-MORROW. Victoria Street. Hamilton, 10.30 a.m.-Sale of joinery raachinery (Ellerm and Day). ‘Oruamata, Taihapc, 12 noon.—Stock sale (Hoadley, Son, and Stewart). ’Hongitumau, 12 noon. —Sale of stock and implements (Levin and Co.). Hastings, 12.30 p.m.-Sale of motor cars and accessories (Beard, Bullen and Co.). ■ Makatuku, 1 V>o p.m.—Stock sale (Hawke 0 Bay Farmers’). , flown Hall. Putaruru. 1 p.m—Land sale (New Zealand Farmers'). FRIDAY. Victoria Street, Hamilton. 10.30 a.m.—Continuation sale of joinery machinery (Ellerm and Day). ■ Thorndon Quay, Wellington,2.3o p.m. Sale of Waikanae yearlings (Pyne, Gould. Guinness Co., Ltd.). PARORANGI RAM SALE SUPPLY EXCEEDS DEMAND PRICES NOT ENCOURAGING By Telegraph.—Special Correaoondent. Palmerston North, January 18. The third annual sale of rams from Hr. Ernest Short’s Parorangi stud ot ■Romney Marsh sheep was held nt the Showgrounds, Palmerston North, to-daj, and was conducted by Messrs. Dalgety and Co. and Murray, Roberts and Co. The sheep came forward in excellent condition, and being the first ram sale of the season mi the Manawatu district, it evoked a good deal of interest Ihe attendance was not large, but included a few flockmasters from outside the clis■trict. Only a few of the best stud rams ■drew keen competition and these were taken by Mr. E. Kiddiford, of t>e Lower ’Mutt, at lOOgns. (top price for the cay), 85gns., 70gns„ 524gn5., and 50gns lhe only other high-priced ram fell to Mr. IL. I. M'Lean, of Waituna, at Signs. Other good rams sold at from 2ogn». to 35gns., better sorts making up to 40gns., but a number were passed. Oi the 500 one-shear flock rams, a large number were passed, the _best making from Bgns. to lllgns., good irom agns. to 7Jgns., and others down as low as became evident before the sale of the flock had advanced very far that Ithc supply exceeded the demand, and ia. number were withdrawn. Eighty twoshear Romney ewes changed hands at prices ranging from 2}gns. to 3Jgns. The prices realised are anything but encouraging to breeders of this class of sheep, .end- do not augur too well for the ram fairs which commence in the Manawatu early next month. LONDON WOOL SALES (Rec. January 18. 5.5 p.m.) London, January 17. At the wool sales the reserves on merinos were unchanged. There were heavy withdrawals, especially of fine combings. The reserves on crossbreds were lowered slightly, consequently more wore cleared, but prices are still too high. The slipes were a poor selection • and most were withdrawn. On the Bradford tops market there is e better tone and more 'inquiry, but business is small. —Aus.-N.Z. Cable Assn. DUNEDIN WOOL SALE TO BE HELD TO-DAY. By Telegraph—Press Aisociatlon. Dunedin, January 18. The first wool sale in Dunedin sines 1916, after which the Government commandeered the wool, will take place tomorrow afternoon. The number of hales to be ottered is 9809. The total at the lost sale (February, 1916) was 24.000 bales. IMPROVEMENT IN PRICE OF --o CHEESE • Messrs. Wright, Stephenson, and Cp. have received a cablegram from their London office stating that 1000 of ' consignment cheese ex Shropshire have been sold at 1525. per cwt. landed. Tins fc the first arrival of this seaFon*6 cheese from New Zealand. • The (price shows a decided improvement in the market since the new year began. Sales were made just before the new year at as low as 140 s. per cwt. c.i.f.o. FROZEN MEAT PROSPECTS Messrs R. Ar*ow and Co.. Ltd., have just received the following advices from their London Messrs. L. C. Ballantine and Co.:— ■ “We have to advise you that the general industrial situation in the United Kingdom is cause for considerable alarm. Unemployment he SnoticeabJjy on an increasingly Urge scale; prices in almost all commodities, whether, food or manufactured goods, are dropping perceptibly, and we consider it our duty to advise you of this. “At the present time the Government New Zealand mutton nnd lamb holds up its price U/’ause of the great shortage of this particular article, but Homegrown meat, which is now fairly plentiful, is getting weaker. In pork, a considerable drop has occurred, and a further drop is likely. Home-grown mutton even which is none too plentiful is cheaper than of late, and as a consequence of the general situation there is not the same eagerness to deal c.i.f.o. as there was a month or two ago. Without committing ourselves at the present time wo should think that here will be a slump in the meat trade in future, as in all other trades and industries, nnd the'situation will require very careful watching.” Commenting on this, Messrs. Arlow report that during flic past fet {night, the ei.f. value of new season’s prime New Zealand lamb has droppod one penny per lb., prime wethers have dropped three-farthings, whilst «wes have shown a similar decline. Prime New Zealand ox beef is hardly “aleable at nil at a reasonable price in ixindon, although one or two small parcels have been sold c.i.f. terms in Glasgow. . Cow and bull beef is similarly at a discount, as English buyers have withdrawn, anticipating lower prices. WHOLESALE PRODUCE PRICES Messrs. Lanrv nnd Co., Ltd., Wellington. report wholesale prices as follow:— Barlev. feed Chevalier, Bs. Cd. per bushel, sacks’ in; bnrle* short feed, 7s. 6d. per bushel, sacks in: maize, Bs. per bushe , sacks in; enisled, Bs. 9d. per bushel, sacks in; partridge peas. Ils. 6d per bushel, sacks Is.; peas. Prussian blue. 13s per bushel, sacks Is.; feed peas, 9s. 6d. per bushel; fowl feed, special mixed, 9s. 9d. per bushel. 601 b., sacks in; oats, hulled for poultry feed, Bs. per bushel, sacks in; oats, seed Algerians, 4s. 4d. per bushel, socks in; feed Algerians, 4s. par bushel, sacks in; oats, crushed, 4s. >*lod. per bushol, sacks in; dressed oafil for poultry feed, Os. 9d. per bushel, socks in; oats, Garton's B grade, 4s. 6d.

per bushel; Dun cats, 4s. 9d. per bushel, sacks in; chaff, oatensheaf, Blenheim prime bright, ton lots or over, .£9 <s. fid. per ton, sacks in; flour in sacks, ton lots or over, .£l9 15s. per ton; hay, lucerne, extra choice, X 8 10s. P cr ton ’ pig and calfmeal, .£l2 per ton; Farro food, £l2 10s. per ton; pig potatoes, 3b. pcr sack; onions. 14s. per cwt.; new potatoes, Auckland-grown, Bs. 6d.; others, 7s. Bs. 6d. per cwt.; fowls, hens, 65., 6s. 6d ; heavy roosters, 75., Bs. per pair; ducks, 135., 15s. per pair;.geese, I<B.. 18s. per pair; turkeys, Is. 8d„ 2s. per lb ; butter, fanner separator, dairy or milled, Is. nd. per lb.; eggs, fresh, 2s. per dozen; dressed pork, choice 70s to lOfls, Pd pcr lb.; shell grit, prime quality, 9s.’per cwt.; Meggitt’s linseed meal. 19s per 1001 b.; straw, baled, £7 per ton. COMMERCIAL ITEMS INVESTMENT SHARES. A sale of Huddart-Parker ordinary shares at £2 was made on ’Change yesterday. The Quotations follow :-

CUSTOMS REVENUE. Customs rev«mn eollrpted 2 t L h /’ n M°L t Wellington yesterday totalled £10,098 4s. 6d. PRICES OF METAL*. Australian-New Zealand Cable Association. (Rep. January 18, 11.25 p.m.) London, January 17. Copper.—On spot, £76 2s 6d. per ton; three months, £7l 17b. 6d ; electrolytic ingots, £80; wire bars. £B2. Lead.—On spot, £23 sb. per ton; three “spelter £24 per ton; three £l9l ss. per ton; three months, £196 ss. , Silver. —Bars, 43 l-16d. per ounce standard. EXCHANGE RATES. (Rec. January 18. 5.5 p.m.) London, January 17. Foreign exchange rates on London are ouoted as follow :-Paris, 60.55 francs to £1- Stockholm. 17.57 kroner; Christiania, 71.70; Montreal. 4.25 dollars: New fork, 3.74 dollars; Calcutta, 17id. to rupee; Yokohama, 301 d. to yen; Hongkong, 35R1. to dollar.

£ s. d. £ 8. d. Inscribed Stock. 89 5 0 D.S. Settlement. 19oo 90 0 0 War Bonds. 1938 — 89 5 0 War Bonds. 1930 •• — 90 10 0 D 8. Settlement Bonds 1933 Bank Australasia 90 0 0 85 0 0 National Bank Bank New Zealand ... 2 5 9 2 6 3 Union Bank (cum.) 12 2 6 — Goldsbrough Mort 1 15 0 Nat. Mort, (local reg.)... — Nat. Mort. (London reg.) — 4 16 0 N.Z. Loan and Met. (ord). — 93 0 0 Well. Trust and Loan N.Z. Insurance 16 6 Standard Insurance ...... N.Z. Refrigerating (£1)... 2 2 6 2 5 6 2 2 0 Rear Meat Huddart-Parker (ord.) ... 1 17 0 1 19 9 2 0 9 P. and O. Def. Stock ... r<0 0 0 0 14 0 0 15 3 T,'<".innd-'b’ i’rien Timber — 1 16 6 D.I.0. (pref.) o 18 q 0 19 6 Howard Smith 1 16 0 Wulrnrapa Farmers (ij W-Hrarapn Formers (£1) . - Wilson's Cement Newton King (pref.) — 0 19 6