FARMING & COMMERCIAL

Dominion, Volume 14, Issue 134, 2 March 1921, Page 8

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. 157 Lambton Quay, Wellington, 10,30 a.m.— Furniture Bale (E. Johnston and Co.). Otaki Yards, 12 noon—Stock sale. 27 Panama Street, Wellington, 2 p.m — Property sale (Bruce and Co.). 105 Customhouse Quay, Wellington, 2.30 p.m—Property sale (S. G. Nathan and Co.). TO-MORROW. Dannevirke, 9.30 a.m.—Salo of racehorses (Williams and Kettle). 180 Lambton Quay, Wellington. 11 a.m — Sale of shop fittings (Hodgkins, Carver and Co.). , Upper Hutt Yards, 12 noon.-fltock sale. Oreacent Road, Khandalla-li, 1 p.m. Furniture'sale (B. Johnston and Co.). Customhouse Quay, Wellington, 2.30 p.m.— Property sales (H. E. Leighton). FRIDAY. 137 Lambton Quey, Wellington, 1.30 p.m.— Sale of poultry (Hodgkins, Carver and Albert Street, Auckland, 2.30 p.m—Land sale (N.Z. Loan Co.). WHOLESALE MEAT MARKET PRICES VERY MUCH EASIER. By Telegraph.—Press Association. Dunedin, March 1. During tho past week or two the wholesale meat market has weakened considerably, and prices to-day are very much easier. Most of the large exporting firms have notified sellers that they have reduced their buying prices, and it was reported to-day that one exporting firm had ceased buying altogether. The head of ojio stock and station house was asked if the present waterside trouble had anything to do with the fall in values. He said it had not. The cause of tho weak market, he continued, was the fact that the demand from outride markets had dropped very appreciably. The prices of hides, skins, and pelts had also slumped heavily, and even at the current low values they were practically unsaleable. j To show how values for export have fallen, the following buying quotations just issued by a leading New Zealand export firm should be read with the greatest interest. A comparison ie made in the case of beef with the quotations of February 15, a fortnight ago:— Beef, per 1001 b. Feb. 15. Mar.l.

per lb. Up to 421 b - 7Jd. Up to 42-501 b 1 63d. Over 501 b 53d. ' Seconds Wether. Up to 641 b 93d. 64—701 b 2?d. Over 701 b 2Jd. Ewes. Up to 641 b. 2i!d. 64-7211> IM. Over 721 b Hd. The sharp fall in prices must prove most unplensnnt to those farmers who purchnred land during the war period at inflated values. CANTERBURY GRAIN AND PRODUCE MARKETS By TelegraphAssocintion. Christchurch, March 1. In the Canterbury markets the general tone is very depressed. Outside business has been hampered by the industrial trouble, but in any case little business was in prospect. Merchants are stocked up with practically all classes of products from last year, and a. clearance' ' will -have to be effected before there is any movement towards meeting the present season’s offers. Wheat is in fairly freely, late samples (Allowing an 'improvement <ln quality. Nevertheless, there will he a much bigger proportion of fowl-feed this season. Little new season’s oats is offering, principally because of merchants being disinclined to talk business. . Algerians are weak, there being considerable local stocks of old season’s oats. Barley is worth 7s. to 7s. Id. at country stations. Though discoloured in many cases, the grain is firm and well ripened. There is no movement in grass seeds. There has been some inquiry ' from Auckland for potatoes for March delivery, and small business has been done at £5 a ton at country stations. The current quotation for main crop delivery is from .£4 to £4 4s. There is a better feeling in regard to potatoes than in the case of other products. Onions have eased in price, and are now worth £4 to £4 10s. a ton at country stations. NEW FREEZING WORKS OPENED By Telegraph. —Press Association. Gisborne, March 1. The official opening of the Hick’s Bay Freezing Works took place this morning, in the presence of several hundred settlers of Northern Waipu and visitors from Gisborne. The machinery was started by Mr. K. S. Williams, M.P., who congratulated the settlers upon their enterprise. A speech was delivered by -he Hon. A. T. Ngata, and Maoris performed a haka. A luncheon to celebrate the event is being held this afternoon at T« Araroa. WHOLESALE PRODUCE PRICES " Messrs. Laery and Co., Ltd., Wellington report wholesale prices as Cape barlev, 4s. 10d., sacks in; Partridge S 11b. ‘3d. bushel sacks Is.; peas, Prussian blue, 12s. bushel, sacks Is, peas, feed, Bs. 6d. bushel, sacks Is.; oats, hulled for poultry feed, 6s. fid. bushel, Locks in; oats, seed Algerians, machine Xed, 4s. lid.; Algerians feed, 4 • bXI sacks in; oats, crushed 4s. Cd. busheL sacks in; dressed oats <or P« - trv feed, ss. 3d. per bushel, " ’ oats, Gartons, A grade, 4s. 6d., chaff, oaten sheaf, prime ton lots, .£8 ss. ton, onnks in free on truck, Wellington; hay, lucerne ’.£B 10s. ton; farro food, Ils. 10s. "r pig nnd calf meal, .£l2 ton; new s k £, “• m' “> w - , IK! .„ ,> ?‘r' St bushel, sacks in, leeu pea , 6d. ton; barley meal, £l2 ss, ton. LONDON WOOL SALES (Rec. March 1, 5-5 p.m.) London, February 28. At the London sale of British-Austral-ian Realisation Association wool there was no demand for low crossbreds, all qualities being inferior, and they were consequently withdrawn. Prices for other sorts were unchanged.-Aua.-N.Z-Cable Assn. COMMERCIAL ITEMS INVESTMENT SHARES. Two salts of Bank of New Zealand shares at 45a 6d. were made on Change yesterday. The quotations were as fol low i— 1

CUSTOMS REVENUE. Customs revenue collected at the nort of ‘Wellington yesterday totalled £2.w 17s. lid. MONTHLY CUSTOMS RETURNS. The Custom* revenue collected at Web Hngton during last month £101.826 10«. 6d.. as compared with £137.6*8 10s. Bd. for the same period last jear The beer duty for February. 19X0. totalled £3lBt IBs., while last month it amounted ♦o £2834 lie. lid. No silver or gold yas exported in February, 1970. and only I6oz. of iroHt. to the value of £79, was exported last month. EXCHANGE RATES. Australian-New Zealand Cable Association(Reo. March 1. 5.5 pm..) London, March 28. Foreign exchange rates on London are nuoted as follows:—Paris, ? ° £1: Stockholm. 17.34 krone l- : < 4? rlstia '-gl“’ 22 55 kroner; Montreal. 4.42 dollars: Berlin 243 marks: Calcutta, 15Jd. to rupee; Yokohama, 293 d. to yen. LONDON STOCK EXCHANGE. Australian-New Zealand Gable Association. (Rec. March 1, 6-6 pm..) London, March 28. The following are among the latest nuptatlons on tho Stock Exchange :-Waihi Junction. 7s. 6d.: P. and 0. deferred stock, buyers £3OO, sellers £320. PRICES OF METAM. (Rec. March 2. 0.10 a.m.j London, February 28. Copper.—On spot, £6B 7s. 6d k per ton; three months. £67 1?J. 6a. Lead.—On snot. £l7 10s. per ton; three months, £lB 2s. 6d. Spelter—On spot. £23 15s. per ton: three months. £24 10s. Tin.—On snot. £169 15s. per ton; three months. £163 16s. . - - Silver.—Bars, 33d. per ounce standard. MINING NEWS WELLINGTON SHARE MARKET. The following cyotation was recorded in the mining market yesterday;— Buyers. boilers. £ s. d. £ s. d. Waihl 'SiyX’" 166 ~ STOCK EXCHANGE. By Telegraph.—Press Association. Auckland, March 1. Sales:—New Zealand Insurance. 265.; War Loan (19381, £B6; War Loan (1939), £BS. Dunedin, March 1. Sale:—Mount Lyell. 12s. 6d.

e. d. s. d. Prime ox beef 42 6 25 0 Seconds, Ox 'beef 37 6. 21 0 Prime heifer 37 6 22 6 Prime cow 25 0 17 G Seconds, cow Lamb. 20 0 12 0

I 1 mers. Sellers. £ s. d. £ s. d. In.afribed Stock, 1939 85 0 0 86 0 0 Inscribed. Stock, 1938 — 86 0 ft Inscribed Stock. 1235 —- 90 0 0 Bank Australasia. 3 ft 0 85 10 0 National Bank — 5 15 9 Bank New Zealand 2 5 3 2 5 9 Union Bank 11 18 0 12 1 ft Equitable Building Co. —• 10 0 0 Well. Trust and Loan — —— 6 0 0 Ch'riBtchuJroh Gas — 6 0 0 New Zealand Insurance — ) 6 3 Standard Insurance 2 6 0 2 7 Gear Meat — 1 15 6 N.Z. Refrigerating (10s.) —- 0 19 0 Meat Exp. (£3 12». 6d >... 3 12 6 8 18 6 lluddart-Parker (ord.) ... 2 2 10 2 o 6 U.S.S. Co. (pref.) •— 0 19 J Kaiapoi Woollen (ord.. w — 0 15 Well. Woollen (ord.) — 10 1 0 Well. Woollen (pref.. £3 15s. paid) Taupir* Coal (ord.) 0 17 n € 12 1 7 0 1 7 0 Lerrland-O’Brlen Timber 1 K 6 N.Z. Paper Mills ... 1 8 5 1 9 G Wairarapa Farmers '*») —— ’ 6 5 0 Wairarapa Farmers (£1) —• 1 5 c Wnirarana Farmers (pref. — 1 0 0 Word and Co. t 3 Wellington Cordage — 1 1 0 Wilson’s Cement 0 15 0 16 0