FARMING & COMMERCIAL

Dominion, Volume 14, Issue 101, 22 January 1921, Page 10

FARMING & COMMERCIAL

NBWO AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. MONDAY. Johnsonville Yards, 1 p.in.—Stock sale. 157 Lambton Quay, Wellington, 1 p.m.— Sale of unclaimed cargo (E. Johnston and Co.). TUESDAY. 137 Lambton Quay, Wellington, 10.30 a.m. —Poultry sale (Hodgkins, Carver and Co.). Levin Yards, 12 noon.—Stock sale. Town Hall, Putarurn, 1. p.m.—Land sale (New Zealand Farmers'). 152 Wellington Terrace, Wellington, 1 p.m. —Furniture sale (E. Johnston and Co.). WOOL REALISATION PLAN AGREEMENT. REGARDING SELLING LIMITS. London, January 20. At a conference between the WoolFederation and directors of the Wool Realisation Association, a long and cordial discussion followed an agreement that unless a decided change in the market occurs in the meantime the selling limits nt the Government- auctions in February will be fixed with this week’s average selling prices of free Australian wool. Sir Arthur Goldfinch agreed to the federation’s suggestion io regulate che quantity of wool offered from month to month, according to the amount the trade could absorb. Ho explained also that the association had not yet arrived at any. understanding with the owners of the new clip, and therefore could not state the line of action that would be taken, but the ruling prices for medium and low crossbreds and carbonising wools were decidedly below the cost of production. and the Australian wool-growing industry must use every' effort to improve them.—Aus.-N.Z. Cable Assn. FREE SALES IN LONDON. London, January/20. At the free wool sales the bulk of the oflering was cleared. Good competition prevailed at full late rates. Australian realisations were as follow"Boolard.v” over "Murchison,” 20d. to 19d.; "Colaroy,” 35d. to 29d,; "Sterling.” 24d. to 22d.; "Goonoogoonoo.” 27id. to 261 d—- . Cable Assn. MORE INOUIRy’oN ENGLISH MARKETS. (Rcc. January 21, 9.5 p.m.) London, Jami o y 20. At the wool sales there was r.-Hbei more competition, but prices were ui’cliai.gfo. Thirty per cent, of the ofle:>ng nas sold. The Bradford tops ma’.lct is firmer. There is more general inquiry and s ghtly more business. Sixty-fours, Sid. per lb. —Aus.-N.Z. Cable Assn. A. AND P. SHOWS JANUARY AND FEBRUARY EVENTS. Woodville.—Tuesday and Wednesday, January 25 and 26. Pahiatua.—Friday, February 4. (Entries close to-day. 22nd hint.) Danncvirke.—Wednesday and Thursday, February 9 and 10. (Entries close Wednesday, January 26.) Masterton.—Tuesday and Wednesday, February 15 and 16: ram and ewe fair. February 17 and 18. (Entries close Saturday, January 29.) CANTERBURY MARKETS By Telegrann—Press Association. Christchurch, January 21. The grain market continues lifeless. Isolated samples of the new season’s produce are coming in, but merchants show little disposition to do business, and, if so, it is at values that farmers are disinclined to accept. Merchants' ranges are very wide. They are not prepared to quote for Algerian oats as their hands are full, and it is understood that the North Island is also well supplied. Appearances point to opening prices being some pence lower than tor Gartons. A few samples of the latter are offer.ng, and whilst there is no biisLi.-ss t.i make quotations on, opinion appears to be that prices will be about 2s. Id. to 2e. 2d. at country stations. Thrashing of both oats and wheat would have been fairly brisk next week, but for the recent rain, and this has naturally delayed samples coming in. Appearances so far are for a lower yield, but not anything like the extent suggested by some surveys. A few bushels per acre would probably cover the decrease in North Canterbury, but from advices to hand it is. apparent that the yield for the south will not be so good. A sample or two of barley has come in and sales hate been made at 7s. 3d. to 7s. 9d. A sample or two of Italian and perennial rycgtyiss has also been shown, but offers are much below last season’s rates, being about 3s. 6d. ' A line of new season’s cocksfoot has been bought at 8d at wayside stations. Chaff is low in price in sympathy with oats. About £3 to £3 ss. is the limit of merchants’ offers \ It is understood that a good deal of oats will remain in stock awaiting the tr n nd of the market. The recant dry weather was giving potatoes a firming tone and it is understood that business in new season’s tubers was done nt £5 10s. a ton. The bounteous ■ rain, however, has influenced the cron prospects and £4 10s. to £5 about covers merchants’ offers. COMMERCIAL ITEMS INVESTMENT SR,'EES. A sale of Bank of Zealand shares at £o 15s. was reported yesterday. The quotations were as follow:—

NEW COMPANIES. The "Mercantile Gazette" reports registration of the following new companies:— F. W. Millar and Co., Ltd., Wellington. Capital. £l5OO. in .£1 shares. Subscribers: Wellington—F. W. Millar. 11. Plimmer, and 11. E. ‘Bennett, 500 shares each. Objects: To acquire and takfe over magazine, "The New Zealand Theatre and Motion Picture." Granilite. Ltd., private company, Wellington. Capital, £3OOO in £1 snares. Subscribers: Wellington—C. J. Phelps, 500 f.p. 100 contrib.; Charles R. Lamb, 550 f.p., lOOstrib.: A. Tingay, <OO f.p v 200 contrib.; W. A. Chote, Ltd., 450 f.p., 150 contrib. Objects: To acquire and earry on business of Phelps-, Mitchell, and Co. ( 'Granilite”), manufacturers of artifieal stones and general building material. CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yesterday totalled £14,268 9s. sd. ' LONDON WOOL SALES. The Rank of New Zealand has received the following advice from its London office under date. January 19:—"Government wool sales close Friday as a result of buyers’ action owing to limits being still above market value. There Is no demand for tallow. Public sale has been suspended until further notice." POOR DEMAND FOR TALLOW. Australian-New Zealand Cable Association. London, January 19. Of 169 casks of tallow offered, only 87 were sold nt 2s. decline. Fiue mutton, } 525.- medium, 445.; fine beef, 515.; medium, 42s There is a slump in fine beef, due to the absence of demand from the 1 margarine makers, who are no longer

taking the edible, which, consequently, is I only fetching soap-making prices. London, January 20. Owing to the poor demand, the tallow sales will not be held until further uotice. Messrs. A. n. Turnbull and Co. have received the following advice from Messrs. Weddel and Co., dated November Z 6, relative to the tallow market: —"U.K. markets: During the past month prices of tallow have moved to lower levels, and in the last three weeks we have seen a reduction of 14s. per cwt. Trices in U.K. now are as follow:—Fine mutton, 625.; good mutton, 565. to 585.; One sweet beef. 70s. to 755.; good bdef. 60s. to tbs.; good colour mixed tallow. 60s. to 655.; fair to good colour, mixed, 555.; dull to fair colour, 50s. to 525.; gut, etc., _3Bs. to 455. The demand has been exceedingly quiet and our markets have been overshadowed by the prevailing depression and slump in markets in most other descriptions of general produce. Although there may be temporary’ advances during the next two or three months we do not anticipate any substantial advances in the prices wo have quoted above." Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house under date January 19 —"Tallow--1690 casks offered. 87 casks sold, sellers willing to accept 2s. to 3s. reduction, but buyers are holding off Owing to absence .at demand, auction indefinitely postponed. ADELAIDE ELECTRIC SUPPLY CO. Australian-New Zealand Cable Association. » London, January 20. The Adelaide Electric Supply Company's shareholders have decided to-'transfer the control and management of the undertaking to Adelaide. NORTH BRITISH AUSTRALASIAN CO. Australian-New Zealand Cable Association. London, January 20. The North British Australasian Company's year’s loss was £3224. exclusive or debenture interest. The total debit carried forward was £25,487. MELBOURNE PRODUCE MARKET. (By Telcgraph-PreSs Association-Copyright Melbourne, January 21. Barley. English, 4s. 6d. per bushel; Cape, 3s. to 3s. 3d. per bushel. Oats, 2s. 4d. to 2s. sd. per bushel. Potatoes, £3 to £5 per ton. Onions. £6 to £6 10s. per ton. EXCHANGE RATES. Australian-New Zealand Cable Association. (Rec. January 2t, 9.5 p.m.) London, January 20. Foreign exchange rates *.n London are quoted as follow—Paris, 57.43 I rapes to £1; Stockholm. 17.55 kroner; Christiania, 2010 kroner; Montreal. 4.29 dollars; New York, 3.78 dollars; Calcutta, 17jd. to rupee; Yokohama, 30Jd. to yen; HongKong, 35d. to dollar. COLONIAL AND OTHER PRODUCE. Australian-New Ze.alaud Cable Association. (Rcc. January 21, 9.5 p.m.) London, January 20. Wheat and Flour.—Very quiet. The official price of flour has been made a shilling lower. Barley.—Dull. Oats—Quiet. La Plata, on spot, -:7s. to 375. 6d. Beans and Peas.—Slow, .inchauged. Cheese.—Slightly firmer. New arrivals of New Zealand are selling at lb4’. to 1565. for white, and 1595. to 160 s. tor coloured. PRICES OF METALS. Australian-New Zealand Cable Association. (Rec. January 22, 0.20 a.m.) London, January 20. Copper—On spot, £7O 2s. 6d. per ton; three months, £7O 55.; electrolytic, ingots, £79; wire bars, £Bl. Lead—On spot. £23 per ton; three months, £23 7s. 6d. Spelter.—On spot, £25 per ton; three months, £26. Tin.—On spot. £lB7 2s. 6d. per ton; three months, £l9l 17s. 6d. Silver.—Bars, 40gd. per ounce standard. MINING NEWS WELLINGTON SHARE MARKET. The following was the only quotation recorded in the mining market yesterday:— „ — Buyers. Sellers. £ a d. £ s d Waihi - 196 LONDON STOCK EXCHANGE. Australian-New Zealand Cable Association. London, January 20. Broken Hill, buyers 335. 9d., .sellers 40b. 7d.; Hampton, buyers 9s. 4d., sellers, 9s. 6d. (Rec. January 21, 9.5 p.m.) London, January 20. Waihi, buyers 28s. 9d.. sellers, 31s. 3d.,

Buyers. Sellers. £ s d £ s. d. Inscribed Stock, 1939 — 89 0 0 Inscribed Stock, 1938 .... — 89 0 0 D.S. Settlement. 1933 90 0 0 —— War Bonds, 1939 — 89 0 0 War Bonds, 1938 — 89 0 0 War Bonds, 1930 —« 1.90 0 0 Wav Bonds, D.S.. 1933 ... 90 C 0 —- P.O. Inscribed Stock, 1927 68 0 0 —« National Bank — 5 14 6 Bank N.Z 2 6 0 —* Union-Bank 12 4 0 12 7 9 Loan and Mer. (ord.) ... — 94 0 0 Well. Trust and Loan ... — 6 5 8 Well. Gas (£10; 10 0 0 — N.Z. Insurance 1 6 6 — 6.B. Insurtnce — 8 0 0 Standard Insurance ... — 2 5 6 N.Z. ‘Refrigerating (10s.) 1 0 6 1 1 3 Huddart-Parker (ord.) ... 2 0 0 — Union Steam (pref.) .0 18 9 — P. and 9. Def. Stock — 350 0 0 Kaiapoi Woollen (pref.)... — 1 7 0 Well. Woollen (ord.) —— 10 5 0 Westport Coal 1 7 9 —— , Wai pa Coal — 0 15 3 LeyiatidO’Brien Timber — 1 16 6 Crown Brewery — 1 16 0 Howard Smith — 2 1 0 Newton King (pref.) —- 0 19 6 N.Z. Paper •Mills 1 6 9 —- Wairarapa Farmers (£5) 6 6 0 Wairarapa Farmers (£1) —— 1 6 0 Ward and Co 1 1 6 — Wilson’s Cement 0 16 9 —