FARMING' & COMMERCIAL

Dominion, Volume 14, Issue 176, 21 April 1921, Page 8

FARMING' & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TODA Y. 88 Bolton Street, Wellington, 10 a.m.— Sale of furniture (Bethune and Co.). Dixon Street. Wellincton. 10.30 a.m.—Sale of fittings (Johnston and Co.). 59 Webb Street, Wellington. 10.30 a.m.— Salo of furniture (Johnston and Co.). 137 Lambton Quay. Wellington. 1 p.m.— Sale of ladies’ clothing (Hodgkins, Carver and GW 11 Murphy Street. Wellington, 1.30 p.m.— Sale of furniture (A. T. Trendle). 274 Adelaide Pond, Wellington. 1.30 p.m.— Salo of furniture (Harcourt and Co.). 157 Lambton Quay, Wellington, 2 p.m.— Sale of boots and shoee (Johnston and Co.). Dominion Avenue. Wellington, 2 p.m.—Sale of camera lenses (Vine and Wilson). 157 Lambton Quay. Wellington, 5 p.m.— Sale of sheeting (Johnston and Co.). TO-MORROW. 137 Lambton Quay. Wellington. 11 a.m.— Sale of car (Hodgkins, Carver). 137 Lambton Quay. Wellington 2 p.m.— Salt of furniture (Hodgkins. Carver). 195 Lambton Quay, Wellington. 2.30 p.m.— Sale of residence (Harcourt and Co.). SATURDAY. Knight’s Road, Lower Hutt—Sale of furniture (H. E. Leighton). Trentham Camp. Trentham, 1.30 p.m.—Sale of furniture (Bethune and Co.). • NEW ZEALAND PRODUCE MARKETING association registered. London, April 1!’. The New Zealand Produce Association has been registered with a capital of ,4110,000. The directors are appointed by the Co-operative Wholesale Society and the New Zealand Producers’ Co-operative Marketing Association. —Aus.-N.Z. Cable Assn. [lmmediately prior to the last sale ol Now Zealand butter to the Imperial Government a proposal was put before producers and endorsed by a representative meeting that the produce should be marketed through tU? Co-operative Wholesale Society of Great Britain instead of through the usual trade channels—the merchants of Tooley Street. As the sale of produce to the Imperial Government postponed the operation of freemarket conditions, the proposal was not proceeded with further at the time.. The scheme suggested was that n special association should be formed, with -a hoard of directors, on which the producers would bo represented, and this association would control the sale of the butler through the stores under the direction of the Co-operative Wholesale Society.]

ASSISTANCE FOR FARMERS

BONDS TO BE ISSUED. By Telegraph—Press Association. Christchurch, April 20.

At a meeting of directors of the New Zealand Farmers’ Co-operative Association of Canterbury, Ltd., it was decided to issue K or Kl-year bonds to the extent of £5011,000, .of "which applications will be invited from the public for .£250,000. The bonds will lx- issued in denominations of <£2s, £5O, and £lOO, and will carry interest at the rate of 7s per cent, free of income tax. Th? object of this issue is mainly to provide a greater measure of assistance to farmers during the present financial stringency.

A SUCCESSFUL YEAR

MAN’AWATU A. & P. ASSOCIATION.

From Our Own Correspondent, Palmerston North, April 20.

The annual report of the Manawatu ,A. and P. Association, which was submitted to the general committee yesterday and authorised for circulation to members, refers to the fact that although the weather was most unfavourable for the national dairy show the attendance was good, the gate receipts bein’ £ll4O ss. 10d., as against £1216 IBs. Bd. for 1919, a falling off of only £76 10s. lOd. Excellent entries were received in all classes, and all the available space was occupied. The new building of the Breeders’ Club, which was used for the first time, proved extremely /useful and allowed a .number of breed meetings to be held on the ground. The net result of the show was a credit of <£496 14s. Gd. The weather at tinopening of the spring show was most unpropitious, but a considerable improvement was experienced later on, with the result, that the gates were only £69 behind the takings of the previous year. The net result of the show was a credit nf £1046 9s. sd. Donations andjrophics were received to the value of J 11433 Bs. lid., as against £1464 9s. Cd. for the previous show. Splendid progress had been mode in th* campaign for now members initiated at the beginning of the year, and the result wa.s that there were now 2011 financial members as against 1745 for the previous year. During the year the sum of £2040 17s. sd. had been expended in completing ’the Breeders’ Club building, £3'o in flooring annexes and building new strong room, and .£1122 19s. Bd. in maintenance, which included painting and a long list of very necessary repairs and renewals. The whole of the premises were now in first-class repair, and when the minting was completed’ would be a credit to the association. The only nomination for th®- position of president was Nir. IT. Y. Lethbridge, who was declared elected. Messrs. .1. A. Nash, M.P.. TV. J. Blundell. A. E. Russell, J. H. Perrett. and R. XV. Dalirymnle were elected vice-presidents. Mr. ,T. M. Johnston wa.s reflected treasurer. Th? following nominations were received for the twelve vacancies nn the general committee: —Messrs. F. XI Arbon, J. Belt. L. R. Bryant, D. Buchanan, D. Buick, L. H. Collinson, M. A. Conway, XT A. Eliott. H. Gillies, J. Linklater. G. L. Marthall. XV. M'Kcnzie, T. Saunders. P. J. Small, A. Sutherland, and D. Thomas. T-’nrtv-seven new members were elected. Peeling reference was made to the loss sustained by the association through the death of Major Charles Dunk, one of the oldest member® of the societw nnd who had been chairman of the Winter Show Committee continuous!v since its inception. It was resolved to have Ins name inscribed on th? association’s roll of honour. MARKET PROSPECT? AND PROPOSED SHIPPING SCHEME By Telegraph—Press Association. Christchurch, April 20. Sir Thomas Mackenzie addressed a large meeting of farmers on market prospects at Horne. At the conclusion, a motion was carried favouring Mr. Bernard Tripp’s shipping scheme, with the exception of the financial side, which WOll\l be along the .lines of the formation of a company supported by importers, exporters, and producers. ADDINGTON MARKET BETTER TONE PREVAILS. By Telegraph.-Pre.. A«ocintion. Christchurch, April 20. There was a better tone in nil classes of beef, mutton, and lamb, but store sheep showed no improvement. Store sheep: There was a big yarding, hut a very dragging sale, only good ewes and forward wethers being in demand. Good forward lambs, S-.. 9d. to I Os. Bd.; ordinary, 3s. fid. to 7s. Gd.jciill. Is.- fid. to 2.5. (Id.; good two-tooth owes. <:L. 9d. to Ills. 6,1.: fairly good four. six. and eight-toot li. S-. Gil. Io 10s. fid.: good fonr-*ooth. 17s. Gd.: two-tooth wet tiers. 9-. .‘ld. to 10-. 10d.: forward 1 four a”d s'x-too’h. 12-. 9*l. to 15s. I'd.: ■ tour to six-tooth, !>-. 9d. to 18. Id.:

sound failing-mouthed ewes, 3s. fid. to 8h fid.; aged, Is. to 3s. Fat lambs; The market was a shade firmer, values averaging sjd. to 6d. per lb.; extra prime lambs, 22 s.; prime, 18s. Gd. to 20s. 5d.; medium, 16s. 3d. to 18s. 3d.: light unfinished, 13s. Id. to 15s. 9d. Fat sheep: There was a big yarding nntt an improved tone, exporters operating freely for light to medium mutton. Extra prime wethers, 255. fid.; prime, 19s. to 235.; medium, 10s. to 18s. 9d.; inferior, 10s. to 15s. 3d.; prime ewes, 15s. 9d. to 18s. 9d.; medium, 13s. to 15s. fid.; lighter. 10s. 3d. Io 12s. fid.; inferior, 6s. fid. to 9s. fid. Fat cattle: Last week’s drojrtof £1 was. more than recovered, the smaller yarding being responsible for a keener sale. Extra prime beef went to 425. per 1001 b.; medium, to 355.; extra prime steers, £lB to £l9 55.; prime, £l4 10s. to £l7 12j. 6d.; medium, £9 17s. Gd» to £l3 155.; light unfinished, £5 17s. Gd. to .£9 10s.; extra prime heifers, £l2 2s. fid.; prime, £8 to £ll 2s. Gd.; medium inferior, £5 12s. Cd. to £7; prime cows, £7 to £9 12s. 6d.; ordinary, £4 to £6 10s. Dairy cattle: There was a large yarding and good demand. Extra good second and third calvers, £l6; springing third and fourth calvers, .£7 10s. to £l5; springing heifers, £6 10s. to £l2; cows in milk, £B.

Vealers were slightly better than recent sales. Runners, £4; good walers, £2 17s. 6d.; medium, £1 2s. 6d. to £2 2s. Cd.; small calves, ss. to £l. Store cuttle: Few sales were recorded. Three-year steers, .£5 55.; two-year-old, £2 19s. fid-

Fat pigs: Prices were a, trifle easier. Choppers, £6; light baconers, £4 10s. to £5 10s.; extra heavy, £G 12s. Gd, (average price per lb., fid. to 8d.); porkers, £2 ,15s. to £3: heavy. £3 15s. (average price per lb., 9jd. to 103.). Store pigs: An improved demand. Medium stores, 555.; small, 355. to 445.; weaners, 7s. Gd. to 135.; sows in pig, £5 7s. 6d.

BURNSIDE SALES FURTHER DECLINE IN PRICES. By Telegraph—Press Association. Dunedin April 20. There were good yarding* in all departments at Burnside to-day, and taken all over, the sale was not a good one. Of fat cattle there was a large yarding of 291 head, comprising only fair quality animals. The supply was much in excess of butchers’ requirements, and there was a further decline in prices. At the close of the sale there was n decided slackening, and a good number of pens were passed in. Medium weight prime 'bullocks were quoted at 30s. per 1001 b., with extra prime a trifle over this figure. In some eases cow beef did not make 20s. Prime bullocks, £l7 to £2l; medium, £l5 to .£l7; light and unfinished, from £lO upward-/; prime heifers, £l4 to £l5 10s., £ll to £23; cows, light and aged, from £7 upwards. Fat Sheep.—A moderate yarding of 2316 head, composed principally of ewes, very few prime wethers being offered. Competition was fairly keen and prime wethers were disposed of at prices on par with last week’s rates, while medium wethers and ewes were a little firmer. Wether mutton sold at about 3jd. jx>r lb., and ewe mutton up to 2Jd. Exlr-i prime wethers, 245. Gd. to 285.; prime, 20s. to 245.; medium, IGs. to 195.; light and unfinished, 13s. upwards; extra prime heavy ewes, up to 305.; prime, 18s. to 215.; medium, 13s. to 15s. Gd.: light inferior, Ils. upwards.

Fat Lambs.—A large yarding' of fair quality, ICSC being penned. Competition was a good deal keener, freezing operators bidding .much more freely. Prices as a consequence were firmer. Prime lamb was worth up to sjd. per lb., 6d. being touched in some instances. Extra prime, up to 265. Gd.; prime, 17s. to 225.; medium, 12s. to 15s. Gd.; light and unfinished, 9s. upwards. Store Cattle. —Under 100 head evoked but little demand, -and prices were weak at last week’s rates. A pen of threeycar Hereford steers made £6; two-year Hereford steers and heifers, £3; gtxid forward two-year Shorthorn cross steers, £6; well-bred venters, 30s. to IDs.; store cows, £2 upwards. Pigs.—Over 100 fat pigs met with a weakened demand, and prices were 'back compared with the lust two sales. Small sorts were numerous nnd prices for these fell off considerably towards the close of the sale.

COMMERCIAL ITEMS

INVESTMENT SHARES. Bank of New Zealand shares experienced a sharp advance yesterday, with buyers offering 475., as compared with 455. 6d. tne previous day. The bidding for Inscribed Stock and War Bonds was also better than on the previous day. Insurance shares were steady. Westport Goal shares were easier, with buyers /,:t, 15s. Yesterday’s quotations were as follow:— Buyers. hellers.

CUSTOMS REVENUE. Customs revenue collected at the nori of Wellington yesterday totalled £7733 t3s. lOd. INDIAN GOVERNMENT LOAN. Australian-New Zealand Cable Association. (Rec. April 20, 3.20 p.m.) London. April 19. The underwriting is proceeding of an Indian Government loan ol seven and a half millions a . 7 per -'.nt., live or ten vears’ bonds. <*t pa r LONDON STOCK EXCHANGE. Australian-New Zealand Cable Association. (Rec. April 20, 8.20 p.m.) London. April 19. The following are among the latest /nictations on the Stock Exchange:-Bank W Australasia. £7B Us.; Bank of New Srttfh Wales. £26; National Bank cf New Zealand. £5 55.; Bank of New Zealand. 43a guaranteed stock. £77; New Zealand luoiin and Mercantile Agency Co., £9O ss. mining news WELLINGTON SHARE MARKET. The quotations yesterday for mining shares were as under:--Buyers. Seller- £ «. (’ £ r. d. Walhi ' <> 173 Tali urns'- n 0 • u , "" Waihi Grand Junct’.on... 0 7 1

For 1 nfiiirnzn,. take Woodn* Qrcat Peppermint Cure. -Advt.

e. d. .£ r. d Inaeribed Stock, 1939 77 7 6 78 5 0 Inscribed Stock, 77 12 6 Inscribed Stock, 1933 80 l.i 0 •— War Bonds 1939 77 15 0 —■ War Bonds, 1938 io 0 0 War Bonds, 1955 88 10 0 89 5 0 Bank Australasia, (cum. rights) ® 0 0 Bank Australasia (fractions) 2 0 National Rank 5 Bank New Zealand 2 6 0 5 10 0 7 0 2 / 9 Union Bank 11 10 0 11 12 6 Abraham and IV illiams 4 17 (ord.) — 6 Equitable Building Co. —— 8 17 6 Nat. Mortgage (local). 3 6 0 —— N.Z. and River Plate ... — 0 IB 0 Well. Invest., T. and A. — 0 10 6 Well. Trust and Loan ... 5 0 0 O 0 0 Well. Gas (ord.) 9 Well. Gas (pref.) 10 0 10 7 0 16 6 6 National Insurance 2 16 0 New Zealand Insurance 1 5 3 1 5 9 South British Insurance 1 10 0 — N.Z. Refrigerating (10s.) 0 15 0 Well Meat Export (£3 3 10 12s. 6d.) ; _ — 0 Huddart-Parker (ora.) ... 1 19 3 2 1 0 Union Steam (pref.) — 0 18 b Kaiapoi Woollen (ord.) ... — 1 6 0 —- 0 13 0 Well. Woollen (pref.) ... 0 7 12 6 Went port Coal 1 Wai pa Coal ;• 5 1 6 0 13 0 9 I.eyland-O’Brlen Timber 1 10 0 Gates, Ltd. (cum.) 1 1 0 X Z. Paper Mills 1 8 b Wairarapa Farmers (pref.) — 0 17 6 V/ird and i 14 t 2 Wilson’s Cement 0 0 14 7