FARMING & COMMERCIAL

Dominion, Volume 14, Issue 251, 18 July 1921, Page 8

FARMING & COMMERCIAL

NEWS AND NOTE®

AUCTION SALES

FORTHCOMING FIXTURES. TO-DAY. 157 Lambton Quay, Wellington. 1 p.m.— Sale of carp®,a (Johnston and Co.). Dominion Avenue, Wellington, 1 p.m.— Sale of galvanised iron (Vine and Wilson),. Beach Hoad. Waikanae, 1.30 p.m—Sale of Poultry, etc. (Abraham and Williams). TO-MORROW. 76 Adelaide Road, Wellington, 10.30 a.m.— Rale of building material (Johnston and Co.). Ashhurst, 12 noon.—Heifer fair (Dalgety and Co.). (Levin Yards 12 noon.—Stock sale. Courtenay Place, Wellington, <1 p.m.— Furniture sale (Wallace and Co.). Brandon Street. Johnsonville, 1.30 p.m.— Furniture sale (Sloano and Jones). WEDNESDAY. Otaki Yards, 12 noon.—Stock sale. Customhouse Quay, Wellington. 2.30 p.m.— Property sale (Thomson, Brown. East). Dominion Avenue. Wellington. 2.30 p.m.— Property sale (Vine and Wilson), LONDON WOOL SALES (Keo. July 17, 5.5 p.m.) London, July 15. Only B.A.WJI.A. wool was offered at to-day’s sales. Merinos made lato rates. Faulty lots, bellies and pieces were firm under strong German competition. The crossbred was a poir selection, and values were unchanged. About fourfifths of a whole offering was sold. — Aus.-N.Z. Cable Assn. The Bank of New Zealand has received the following advice from its London </"ico under data July 15: —Compared with the close of last series, prices for all kinds of crossbrads are Id. to per lb. lower. The market has a weaker tone since the opening. FROZEN MEAT LONDON QUOTATIONS. (Rec. July 17, 5.5 p.m.) London, July 15. Sheep. Canterbury, heavy, 7£d. per lb. South American ewes, sd. Frozen Beef. New Zealand fores, 33d. per lb. | Australian crops, Sid.; hinds, s?d. I Argentine fores, AJd.; hinds, 9d. Urugayan fores, 3|d.; hinds, 6Jd. I Chilled Beef. Urugayan hinds. lOd. per lb.—Aus.-N.Z Cable Assn. PRICE OF BUTTER THE LONDON ADVANCE. (Rec. July 17, 5.5 p.m.) London, July 15 The advance in the controlled price of butter was expected, but the amount of it surprised the trade, and cheeked buying activity. New Zealand is quoted at 2575. per cwt.; Australian, 2405.; second grade,'22ss.; third grade, 2155.— Aus.-N.Z. Cable Assn. AGRICULTURAL CONFERENCE EMPIRE POLICY TO BE FRAMED. London, July 15. The Empire Agricultural Conference unanimously passed a resolution in favour of the formation of a provisional committee, consisting of delegates to tile present conference, to frame the outlines of a policy for the consideration ol agricultural associations throughout the Empire, and to deal on behalf of these associations with any crisis that may arise.—Router. NEW ZEALAND MEAT & WOOL ' HANDLING IN BRITAIN CRITICISED. London, July 15. Sir Thomas Mackenzie, speaking at the Empire Agricultural Conference, criticised the British handling of New Zealand meat and wool. He asserted that Argentine products are allowed to reach the markets in preference to New Zealand supplies.—Aus.-N.Z Cable Assn. HIDES AND TALLOW SALES BROKERS’ REPORTS. The usual fortnightly sales of sheepskins, hides, and tallow were held last week. Brokers’ report, are given below. The Wairarapa Farmers’ Co-operative Association, Ltd-, reports." The sale was held to a full attendance of buyers. Compared with previous sale held on July 1, sheepskins were leaver all round by Id. per lb. Salted and green sheepskins were lower by 3d. to 6d. each. Heavy ox hides were lower by Id. per lb* and medium and light cow by J-d. per lb. Calfskins were easier. Tallow was in demand, and good sales were made.”

Messrs. Murray, Roberts and Co., Ltd., report: —'“Our catalogue consisted ■of 1200 sheepskins and 550 hides, which we submitted to a good attendance of buyers. With the recent decline in wool values, a lower range of values for sheepskins was anticipated, and these declined by Id. per lb. for dry, and up to 6d. per skin in wet skins. Hides also showed a decline in values with the exception of heavy ox and calfskins, which maintained late values. Medium and light ox were fully Id. to lid. lower. Cow hides were from Id. to ijd. lower except for extra heavy weights. Lightweight yearlings sold fairly well up to last sale's prices, but heavy-weight yearlings declined about Id. per lb.” Messrs. Dalgety and Company, Ltd., report:—"We subniittta a fair catalogue of all descriptions to an average attendance of exporters, fellmongers, and tanners. The bidding was hot keen at any time (with the exception of good lots;, demand being slack Und prices down Dry skins declined in value from 3d. to Id. per lb., salteds being a shade easier. In sympathy with the Australian market, hides were lower- by fully Id. per lb. Heavy-weight ox, of good substance, sold up to 13d. per lb. Tallow was in better demand.”

Messrs. Levin and Company, Ltd., report: —"An average offering was submitted, and, although there was a fair attendance of buyers, biddings, for the majority of lots, were restricted. Sales of sheepskins were possible only at an all-round decline on prices ruling at the sale held, a fortnight ago.. Demands for hides were very limited, and in consequence heavies were difficult to quit at late rates, whilst medium and lights declined fully Id. to Jd. per lb. Kip and yearling were about on a par with last sale prices, whilst good calf were in. demand at late rates. The tallow market was quiet. There was very little inquiry, and business wa» possible only at very low rales.” Messrs. Abraham and Williams. Ltd., and Wright, Stephenson and Co., Ltd., report:—“We offered a good selection. Buyers were present in the usual numbers, but competition was not so keen as in the previous sale. Hides were easier, in sympathy with the Melbourne market, and owing to the local fellmongers displaying little interest, extra heavies showed a decline of about 3d. per lb. Heavies were from id. to jd. lower. Sheepskins were selling in buyers’ favour. Tallow was firm, and showed an advance on last sale." The New Zealand Loan and Mercantile Agency Co., Ltd., reports:—"We submitted full-sized catalogues to a full bench of buyers. Competition was good,

but prices in sympathy with cabled reports showed a drop of Id. to |d. per lb., in dry, sound skins, and about 6d. each in salted lines. Hides also were lower, except for heavies. There was a fair inquiry for tallow at a slight advance on last rates,”

The range of prices was as follows:— Sheepskins.—Halfbred, 2Jd. to Id.; fine crossbred, 2}d. to 3Sd-; medium-coarse crossbred, IJd. to 2?d.; short to halfwools, Id. to 2Jd.; lambs, 2{d. to 3}d.; dead and damaged crossbred, Id. to 2)d. ; inferior and badly damaged, Jd. to Rd.; pelts, Id. .to 2Jd.; damp, salted, and green, Is. to 3s. 3d.; pelts, Baited, 6d. to Is. 7d.; lambs, salted, Is. to 2s. sd.

Hides. —Ox, heavy, 501 b up, llj|d. to 13Jd.; ox, medium, 50 to 581 b., 5Jd. to 9Jd.; ox, light, 491 b. and under, 3£d. to 4jd.; cut, slippy, and inferior, IJd. to 9jd.; cow heavy, 551 b. and over, 3Jd. to ll|d.; cow, medium, 421 b. to 541 b., 2gd. to 5Jd.; cow, light, under 421 b., 2fd. to s}d.; cut, slippy, and inferior, Id. to 4Jd.; bull, stag, ljd. to 2jd.; yearlings, 111 b. to 321 b., 2|d. to IOJd.. calf, superior, up to 101 b., lOd. to 153 d.; calf, medium-good, sjd. to 15Jd.; calf, damaged, l}d. to 91-d.

Tallow.—Tn casks, 135.; in tins, etc., 12s. to lie. 6d.

Sundries. —Horse hair, Is. 4d.; cow tails, lOd.

COMMERCIAL ITEMS INVESTMENT SHARES. Saturday’s quotations for investment shares were as follow:— Buyers. Sellers.

CUSTOMS REVENUE. Customs revenue collected at the port of Wellington or. Saturday totalled £2OOB 15b. sd. LONDON MARKET REPORTS. Australian-New Zealand Cable Association. (Rec. Jnly 17, 5.5 n.m.) London, July 15 Cotton.—The Liverpool quotation for American middling upland cotton. August delivery, 8.61 d. per lb.; September delivery, 8.69 d. New Zeeland Hemp—July-September deli verv, £34 10s. per ton. Jute—July-August delivery. £2B ss. per ton. Rubber. —F : ne hard Para. 1 1 d. per lb.: plantation, first latex crepe, 9Jd.; smoked ribbed sheet. 91,d. Copra.—August-October delivery. £3l per ton. Linseed oil, £3B per ton. equal to 3s. OJd. per gallon. Turnentin". 113 s. per cwt., equal to Bs. 6Jd. per gallon. MINING NEWS WELLINGTON SHARE MARKET. The quotations on Saturday for mining •hares were as under:— Borers. Sellers. £ s. d. £ s. d. Waihi 18 6 i m n Junction — 0 10 3 LONDON STOCK EXCHANGE. Australian-New Zealand Cable Association (Rec. July 17, 5.5 n.m.) London, July 15.

Among the latest ouotationq on the Stock Exchange are:—Mount Lyell sharp-, huvers 13s. 6d.: sellers 14s. 9d.; P. and O. Def. Stock, buyers £325. gellers £345.

Inscribed Stock. 1938 £ B. d. £ p. d. 83 10 0 War Bonds, 1938 — 83 10 0 Bank Australasia 84 0 0 National Bank —- 5 19 0 Bank New Zealand 2 6 9 2 7 0 Union Bank 12 15 0 13 0 fl National Insurance —- 3 0 0 New Zealand Insurance 19 0 19 9 Standard Insurance ..... 2 6 0 —— Befrjgeratinfr. 10s. (•cumJ 0 15 9 —— nuddart-Parker (ord.) ... 2 4 3 .250 Taupiri Goal — 0 17 s Westport Coal — • 17 3 Waipa Coal 0 14 6 —-- I.eyand-O’Brien Timber ... 17 0 1 10 6 Tarincnmutu Totara 1 7 6 Howard Amitn 1 19 6 —— Paper Mills (riphts) 0 0 9 0 0 11 Wai r arap a Farmers (pref.) — 0 18 6