FARMING & COMMERCIAL

Dominion, Volume 14, Issue 253, 20 July 1921, Page 8

FARMING & COMMERCIAL

NEWS AND NOTE®

AUCTION SALES F.ORTHCOMINQ FIXTURES. TO-DAY. 157 Lambton Quay, Wellington, 10.30 a.m — Furniture sale (Johnston and Co.). Blair Street, Wellincton, 10.30 a.m.—Sale crocer’s sundries (Thompson Bros.) Clifton Terrace, Wellington. 10.30 a.m.— Sale of furniture and timber (Johnston and Co.). Otakl Yards, 12 noon.—Stock eale. Johnsonville Yards. 2 p.m.—Stock sale. Dominion Avenue. Wellington. 2 p.m.— Furniture sale (Vine and Wilson). Customhouse Quay, Wellington, 2.30 p.m.— Property sale (Thomson, Browih East). Dominion Avenue. Wellington. 2.30 p.m.— Property sale tVine and Wilson). TO-MORROW. Turakina. 11.30 a.m.—Sale of sheep (Murray, Roberts). Ihakara, 12 noon.—Sale of stock and implements (N.Z. Loan Co.). 195 Lambton Quay, Wellington. 2 p.m.— Sale of paintings (Harcourt and Co.). FRIDAY. Queen Street. Auckland. 12 noon.—Land sale (0. F. Bennett). THE WOOL MARKET PBICES FIRMER AT LONDON SALE. (Rec. July 19, 11.30 p.m.) London, July 18. At the free wool sale more Continental buyers were present, there was much brighter competition, and prices generally were firmer than last week. The Bradford tops market is quiet and un-changed.—Aus.-N.Z. Cable Assn. CANTERBURY MARKETS OATS QUIESCENT. By Telegraph.—Press Association. Christchurch, July 19. The oat market is quiescent. Business with the North Island is proceeding to an extent that just keeps tho market steady at 2s. 9d. at country stations. Linseed, which showed another sudden burst upwards during tho past week, has again eased, and offers made on the crest of the inquiry are not being repeated by at least <£2 per (on. The linseed market has see-sawed remarkably during the past two months. Cocksfoot is meeting with an inquiry from the north, and several substantial parcels have been quitted at equal to OJd. or 7d. for farmers' undressed Potato-digging is proceeding owing to the stretch of fine weather, and this is helping further to accentuate the glut in the market. CHRISTCHURCH WOOL SALE A total catalogue of up to 11,000 bales will be offered at the Christchurch woo sales to-dnv. B.A.W.R.A. reserves will be adhered to. In view of tho state oi the wool market the result of these sales ■is awaited with unusual interest. the wool usually available at Christchurch is merino, halfbredv, and fine crossbreds, which should bring relatively good prices.

WHOLESALE PRODUCE PRICES Messrs. Ldery and Co., Ltd , Wellington report wholesale prices f ouo.v. Crushed barley, ss. Cd. per bushel, sacks in; Chevalier, ss. 6d. per bushel, sacks in; partridge peas, 7s. Cd. per oushel, sacks in; peas, Prussian blue, 7s. (id. pi r bushel, sacks in; peas, feed, 6s. per bushel, sacks in; crushed peas, to. fad. pci- bushel, eacks in; oats, Algerian seed, 4s -Id. per bushel, sacks in; oats, heavy Duns, choice, 4s. 7d. per bushel, sacks in; oats, Weetoats foe poultry feed, os. per bushel, sacks in; shelled oats for chickens, 6s. per bushel, sacks m; feed Gartons, 4s. 4d. per bushel, sacks ip ; Gartons A grade, 4s. 6d. per bushel, sacks in; crushed oats, 4s. Bd. per bushel; Farro food, ton kits, <£lo ss. per ton; ricemeal, 4:10 ss. per ton; chaff, oatensheaf, Blenheim prime, ton lots, X 7 us. 6d. per ton. sacks in, free on trucks, MeL lini’ton; hay, extra choice lucerne, d-9 Ws? per ton; meadow hay, X 7 10s. per ton; fowls, hens, 7s. to 9s. per pan, heavy roosters, Bs. to 10s. P er P» lr > ducks, Us. to 14s. per pair; geese 13s. in l r »s uer pair: turkeys, is. <<i. w 9d per lb.; eggs, fresh, 2s. Id. to 2s. 2d. per dozen; butter, fanners’ separator dairy and milled, Is. 9d per lb ; sheU grit, choice quality, 1001 b. bags, bs. • per bag; onions, Victorian choice, brown Spanish, £lO per ton; maize whole, <s 3d. per bushel, sacks in; crushed, Bs. per bushel, sacks in; fowl "’heat lots, whole 9s. Id. per bushel, lesser quantities 9s. 3<l. per bushel, siwks Is. 8d ; meatmeal for poultry feed ?os. per 1001 b. bag; calfmeal, £l2 per ton; .peameal, ton lots, £l27s. 6d. per ton; sacks in; mutton birds, Tasmanian m casks, Bd. each, N.Z. in kits, cooked Is. salted Ul-d. each; barleymeal, ton lota £ll 10s. per ton, sacks m; mangolds, quotations upon application; mixed fowl feed, 7s per bushel, sacks in; poultry mosh, £ie P ss per ton; linseed oil meal and linseed oil nuts, ton lots £l4 per ta, lesser quantities 14s. 6d. per ~ potatoes Canterbury-^wn ß^abL,,JtaB Up m toDates £«,’ Sutton’s Supreme £lO S., Red Russets £6 10s. per ton, sacks

live stock sales

The Farmers’ Cp-op. Auctioneering Co., Hamilton, report:-At Hamilton, on July 14, we had a good yarding of sheen and a moderate yarding of cattle and pigs. Beef was much on the basis of recent values. Ho heavy-weight steers were yarded. Light Polled-Angus cattle sold at £B, although a number of better pons of the same class were passed in. A lino of very prime young cows from Wairnrapa were well competed for. _ making from £ll to £l4 la.: lighter-weights. £7 10s. to £9 10s.; small, £5 to £6lss. The absence of forward and store bullocks contrasted strikingly with the appearance of the yards at the opening sale last week and the demand for the few that were offering lacked briskness. The last made up to £7 15s. Others from £5. With the exception of empty dairy hellers. store cattle in general were slacker although everything practically was cleared: 18-month steers, £3 to £3 55.; yearling heifers, to £3 3s. Fat sheen were penned in good numbers, and values somewhat declined. Best wethers made from 225. 6d. to 24a. 6d.; lighter, 18a. 6d. to 20 s.; fat ewes. 17s. to 19». Store sheep also were less keenly sought after, forward wethers making from 17s. 6d. to 20a.- forward ewes. 10s. to 12s. 6d. Ewes in lamb, ot which a good many were yarded, seemed suddenly to have lost popularity, and none changed hands. Pigs shared in the general decline, although the absence of outside competition would account for this. Bacon ers made to £5 19s ; porkers. £2 10s. to £3 10s. ; slips. 17s. 6d. to £1 Bs. 6d. : weanera. 6s. to 14s. 6d. Messrs. Abraham and Williams. Ltd., report, on their Jtaumai heifer fatr:-We yarded 130 heifers, which consisted of small and backward lots, for which there was practically no demand. Anything showing duality and close sold well. We uuote-.-Best heifers. £l5 to £2U: medium. £lO to £l2 10b.; backward lots £5 to £i 10b • young cows, £8 to £l6. At Palmerston ‘North sale, on July 14. a small yarding of both sheep and cattle sold at Into rates. We ouote:—Sheen; Fat ewes. 155.; fat wethers 20s. 3d.: forward lamb-, 12s. Cattle: Dairy cows, £6 ,oa.. £l3. £l3, to £l6 55.: store cows. 12b. 6d. to Ins.: forward cows. £2 10s. to £3 10s.: fat cows, P 5 to £lO 10». At Feilding sale, on July 15. there was a largo yarding of sheen and medium one of oattie. the bulk of which changed hands at current rate-. We ouote:-Fat sheep: Wethers, light, 153. Ifld. to 17s. 6d.: etwee. 12a. 9d 14s 14s. 3d., to 18.-.: lambs. 13s. 7d. to 14s. vd. Store sheen: Empty ewes, 6s. to 8a 6d : ewes in lamb, 145.. 14s. 6d„ 16s„ to 20s 3d., lambs. Bs. B<L. 11.. 311. to 25.: cull lambs. ss. Bd.; wethers small, 12s. to 13s. 9d. Cattle: Springiest Jersey heifers, koog. £lB 10c.. £l9. to £2O; «b<”-thorn small. £5 65.: dairy cows £6 10s.. £7. x.B 6s„ £9 6a.. to £l9: forward cows, 255.. 30s t to £4; Shorthorn weaner heifers. to 375.: weanor fiteorfi. 19s. to 215.; store COV’R. 15?.. 205.. to Messrs. Newton Kiner. Ltd., report: -At v,-. • nn July 7. inanity was of a dragging nature in the store pens, whil-t si: and good cale wns met. with in ~.,;r v section. in the latter, the yarding was good, including two small

herds, and everything flpld. Lambs. 125.; weaner steers, 225. 6d.; weaner heiiers, 26a.: store cows. 20a., 315.; fresh-conditioned do., £2 15a.; Jersey bull, £9; dairy cows, backward and inferior, £7 10s., £B, £9; better sorts. £l2. £l2 10a., £l4 10s.; quality Jersey do., un to £26 10s. li o have conducted the clearing sales, and report as under:—At Inglewood, on account of Mr. G. Bonnett, buyers attended w strong numbers, and a satisfactory clearance was made. The herd, which contained a. big percentage of Jerseys.- for the most , part between £l2 and £2O; Jersey cross Yearling heifers. £2 165.; yearling pedigree | Jersey bull. 18gns.; yearling steers 2js. At Hillsborough. on account ol Mr. .). 11. Marsh, competition was brisk throughput, a most satisfactory clearance resulting. The herd was an old-established one. and contained some very nice types of dairy cattle (a fair sprinkling of Jersey), which sold mostly between £l2 and £2O; some extra good Jerseys selling to £25; yearling Jersey heifers. £6 45.: well-bred pedigree Jersey bull. 45gns. At Stony River, on account of Messrs. Bates and Kimber, the pale was keenly contested throughout. The cows were a good lot. in splendid condition, averaging £l5. good Jerseys selling to £22; Jersey cross, £l5 to £2O: best quality Shorthorns and Ilolsteina, £l2 to £l6 10s.; backward do., £8 to £10; wellgrown mixed vearling heifers, £2 65.: yearling steers, 285.; store pigs. 15s. 6d. to 265. 6d.: sows in farrow, £2 15s. to £4; flve-vear gelding. £37 10s.; lighter do., £lB. At ‘Awatuna, on account, of Mr. O. H. Silbv. the cows, nil Fricsians. although a shade low in condition, averaged out very well, the best selling from £l3 to £18; weaner heifern £2 125.; good farm horses, £27 10s. to £33. On accoiint of other vendors, good three-year-old heifers, at profit, £l4 10s.; yearling heifers, £2 19s. At Tuna, on account of Mr. Forbes, we report a very good clearance. Best cows sold from £l2 to £18; yearling heifers. £3 95.; small store pigs, 10s.; fmt.. £2; farm inare, £23. The New Zealand Farmers Co-op. Distributing Co.. Ltd., report on their sales for last week as. follows: At Marton, on Monday, a good yarding of sheep cameforward, principally lambs, and a fair entry of rattle, mostly dairy cows and heifers. Good lambs were in keen demand, but inferior sorts to quit. we quote:—Good ewe lambs, to 178-; good wether lambs, 16s. id.; good medium lambs, Ils. 3d. to 12s. 5d. : fat ewes. 14s. Bd.: forward empty ewes, 95.; dairy cows. £7 lbs. to £l3 2s. 6(1.; poorer sorts. £b to .I?' month steers. 295. At our Huntcrville sale, on Tuesday, a good yarding of sheep and a small entry of cattle came forward. Lambs and wethers &old well up to late rates. Cattle were dull. Wo quote:— M.S' lambs. 10s. lOd. to 13s. 10d.; smaller sorts, Bs. lid.; two-tooth wethers, 16s. to 16s. 4d.; mixed two-tooth®, forward, 16s.Jd.; two-tooth ewes, 15s. 4d.: four-tooth wet wer a, fat and forward. 16b. 7d.; two-year steers, £2 10s.; dairv cows, to £11: heifers, r.w.b., £3 19s. to £4. At our Maneaweka sale, on Thursday, we had a good yarding of both sheep and cattle. A largo ance of buyers were urgent, and a Food all-round sale resulted. Good y ethor ® were keenly competed for and a nVe pen of two-tooth wethers realised 18s. Id. We yarded Jnst- on 100 head of cattle, principally dairy cows and heifers, and Practically a. total clearance was effected. We emote:—Two-tooth wethers 12s. 10d., 15s. to 18s. Id.; good medium lambs, Bs. 7d to 11b. 5d.; five-year ewes, running with b.f. rams. 15s. Id.; two-year steers, 33s to £2; Stood dairy cows, from £lO 15s. to £l9. the latter price for a nice near the drop; Inferior cows. £4 10s. to £6; ?ood tliree-yenr dairy heifers £ll 10s. to £l3 15b.: medium sorts, £4 17s. 6d. to £8 10s.: weaner heifers. I s *- to 3/B ' rantv heifers. £3; fat cow. £6 14b.; empty cows? poor, 305.; two-year Shorthorn bull, £5

COMMERCIAL ITEMS

INVESTMENT SHARES

CUSTOMS REVENUE. Customs revenue collected *-he nort of Wellington yesterday totalled £o9/-4 16s. Id. WELLINGTON GAS CO. DIVIDEND. The Wellington Gas Company yesterday declared an interim dividend of 3i ncr cent, for the six months ended June 30. PRICES OF METALS. Australian-New Zealand Cable Aesociiition (Rec. July 19, 9.35 p.m.) London, July 18. Copper.—On spot. £7O Ils. 3d. per ton; forward delivery. £7O 18s. 96. Lead.—On spot. £23 7s. 6d. per ton, forward delivery. £23 ss. Spelter.—On Boot. £26 ss. per ton. forW Tin-On V s%ot. £164 12s. 6rt. per ton; forward delivery. £165 17s. 6(1. Silver—Bar's. 37? d. per ounce standard. EXCHANGE RATES. Australian-New Zealand Gable Association. (Rec. July 19, 11.30 p.m.) London, July 18. Foreign exchange rates on London arc ouoted as follow:-Paria. 46.47 francs to £1- Stockholm. 17.19 kroner: Christiania. 27.67 kroner: Berlin, 277 marks; Montreal. 4.12 dollars: New York. 3.611 dollars: Calcutta, 153 d. to ru " e . e i 31,1d ' t 0 yen; Hongkong. 32d. to dollar. mining news WELLINGTON SHARE MARKET. Tho quotations yesterday for mining shares were as under:— Buyerfl. Sellers. £ s. (1. £ h. d. Haurakl Mines ' «Y . ? 9 Waihi Grand Junction — 010 0 STOCK EXCHANGE. Br Telesranh.—Press Association. Auckland, July 19. Sales: Inscribed Stock (1938) £B3 10s.; New Zealand Insurance, 27a. 9d.. Auckland Gas. 21S. 6d.: Home Builders. 6s. 6d.; Wilson's Cement. 14a. 3d. Christohurc.h, Julv 19. Sales reported : ,N ew „ Zeajand Government 51 per cent. Inscribed (1933). £9l 15s. (two); Kalapol Woollen (10s. paid), 12s. 9d. Dunedin, July 19. Bales: Bank of Npw Zealand. 475. (two). LONDON STOCK EXCHANGE. Australian-New Zealand Cable Association. (Rec. July 19, 11.20 p.m.) London, July 18. Among the latest, quotations on the Stock Exchange are the following:-Waihi Grand Junction shares, Bs. 6d : I . and O Deferred Stock, buyers £320. sellers £350.

A nnln of Bank of Ne w Zealand shares at £2 7s. was made on ’Clianpc yeeieidav The quotations were as follow. Buyers. Seller*. £ s. d. R. rt. War Bonds. 1933 91 5 0 91 10 0 Bank Australasia 84 0 1 <1 q National Bank ; Bank New South wa’ea 33 0 0 2 13 Bank New Zealand 7 Q Abraham and Williams 1 8 4 1 b Goldsbrourh Mo’-t N.Z. and Bi ver Plato ... 6 0 18 0 Well. Investment Christchurch Gas (£o) •• 0 9 9 K 15 o 0 o National Insurance t 7 2 6 Now Zealand Insurance. Rtnnd-M-d Insurance ..... 9 0 1 0 N.Z. BefriRcratinc (£1) 1 8 6 N Z BefriReratinR (10s.) 0 15 9 l?. Ilnddart-l’arker (ord.) .. 2 8 0 2 5 (J P and 0. Def. Stock .. 3 130 0 0 J Westport Coal .......... T.eyland-O'Brien Timber 1 6 1 7 3 V I Tarinpamntu Totara 1 19 Howard Smith .. 0 N.Z. Panor Hills Adphts) 0 0 ( 0 0 10 Wairarapa Farmers (pref.) — 0 18 €