FARMING & COMMERCIAL

Dominion, Volume 14, Issue 255, 22 July 1921, Page 8

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHOOMIHQ FIXTURES. ' | TO-DAY. R Shed, Jervois Quay, Wellington, 12 noon —Solo of galvanised pipes, cement, etc. (Johnston and 00.1. 157 Lambfon Quay, Wellington, 1.30 p.m.— Furniture sale (Johnston and Co.). Dominion Avenue. Wellington. 1.30 p.m.— Furniture sale (Vino and Wilsu). silos inTamerica GENERAL DIMENSIONS CROPS FOR ENSILAGE “What I saw of agricultural life and doings in the United States was chiefly in the States cf Minnesota, Wisconsin, Illinois, and lowa," stated Mr. W. D. Hunt in an account which he gave to the Council of Agriculture Conference concerning a recent journey abroad. “Of all that I saw, what perhaps struck me mere forcibly than anything else was tho .use that they make of silos. It seems to me that we can take a lesson frmu them in this respect of advantage to ourselves, particularly in connection with our dairying industry. “The silos are not met with just occasionally, they are literally there in thousands, practically every farm has them. The mdoern silo is a circular erection of reinforced concrete, and they run to a tremendous height. The usual diameter is anything from ten to twenty feet, and they generally run in height from four to six times the diameter. The highest I saw was BO feet high, but I was told that they run considerably over ICO feet. They are all circular in fofm. I inquired ns to the cost of building these, and was amazed at the cheapness and rapidity with which they are constructed. They have a regular plant for erecting them. There is no boxing or carpentering work such as we are accustomed to in connection with concrete work in this country. Tho whole thing is built in a steel mould.

“With tho plant used in America, the labour required to erect a silo, say 'l6 feet in diameter and 80 feet in height, is the work of three men for 23 days. A silo of this measurement when filled will hold 450 tons of ensilage, which is sufficient to provide 125 head of cattie with 40b. of ensilage per head per day | for six months. A silo of this size would require for its construction 95 yards of gravel, 107 barrels of cement, equal to about 18 tons, and 1 41591 b. weight, or a little less than two tons of reinforcing steel rods. “The crop grown chiefly for making eniXlsge in America is what, they call corn and what we call maize. We cannot grow this everywhere in New Zealand, but where we cannot grow corn, crops such as oats and vetches can be grown almost anywhere, and these make exceedingly good ensilage and yield heavy crops. The crop is put into the silo absolutely green. In fact it does not matter if it Is wet. It is put through a special chaff-cutter, which in addition to cutting tho crop into chaff delivers it into the silo by means of a blower attached to the chaffcutter. The Americans find with their ,ensilage they ..can milk the whole year round, in fact they told me they could get bigger yields of milk in winter than they could in summer, as the flies and heat make their cattle restless in summer-time. I feel convinced that silos built on the American system would be of great value to dairy farmers in this country." OVER-STOCKING NON-EXISTENT IN BRITAIN. In a tour of England and Scotland, Mr. W. D. Hunt, who is a member of the executive of the Council of Agriculture, was much impressed with ths? careful manner in which the Home farmers fed their live stock. “Wherever I went,” Mr. Hunt told tho council yesterday-, “the stock seemed to have abundance of feed, and from our Nejy Zealand point of view the- country was understocked. I do not think I saw a single place where tho stock did not seem to have all tho feed that they required. Overstocking is very prevalent in this country—it is practically non-existent in Great Britain. “The company that I am associated with, in the ordinary course of its business, makes advances to many hundreds of farmers. I have often noticed how much more quickly our advances were repaid by the people who fed their stock well, than ‘by the very large proportion of farmers who always seem to be short of feed and are trying to carry more stock than their properties will manage. We have been grazing stock in this country for a little, more than a generation, whereas in Great Britain they have centuries of experience behind them. It was quite evident from what I saw there that the lesson of the evil effects of overstocking has been thoroughly learned in Great Britain. Tn this country many of our farmers have still a lot to learn in this direction.” LONDON MARKETS ADVANCE IN TALLOW PRICES. (Rec. July 21, 10.5 p.m.) London, July 20. At the tallow sales 1877 casks were offered and 1861 were sold at a shilling to three shillings advance. Fine mutton 41s. per cwt., medium 385.; fine beef 445., medium 38s. 6d.; good mixed 38s.—Aus.N.Z. Cable Assn. The New Zealand Loan and Mercantile Agency Company Limited have received the following cablegram from their London house under date July 20:— Tallow.—We quote present spot values for., the following descriptions:—Fine mutton, £2 Is. per cwt.; good beef, £2 per cwt.; mixed, £1 14s. per cwt.; market strong. New Zealand Butter.—£l2 17s. per cwt. ; quiet demand. Cheese.—.£6 16s. per cwt.; demand less active. Frozen Mutton.—s}d. to 83d. per lb. Frozen Lamb.—la. lid. per lb. Frozen Beef.—Hindquarters 5Jd. per lb., forequarters 3|d. per lb.; market slow. LONDON TALLOW MARKET Messrs. Murray, Roberts, and Co., Ltd., yesterday received a cablegram from their London agents, Messrs. Sanderson, Murray, and Elder. Ltd., under date July 20. reading ns follows:—“Tallow: Since .our letter of May 12, advanced 20 per cent. Market firm, with upward tendency. Good demand at present.” • Messrs. Dalgoty and Company, Limited, report having received the following cablegram from their London office, under date July 20:—“Tallow: 1875 casks offered, and practically all sold. Since our wire of July 14, prices nre 2s. Gd. higher on tho average. Fino mutton, 425.; good mutton, 41s. 3d.; good mixed, 395. to 405., inferior 335.” The Bank of New Zealand has received the following advice from its London office. under date July 20: —“There is a good demand for tallow. Market has advanced 2s. Gd. per cwt. Quotations are as follow: Good mutton, 41s. per cwt.; good beef, 40.1. to 41s. per cwt.; good mixed, 40s. per owt.; gut, 325. 6d. per cwt." WHOLESALE PRODUCE PRICES Messrs. Laery and Co,, Ltd., Wellington, report wholesale prices as follow: Crushed barley, ss. 6d. per bushel, sacks; in: Chevalier. ss. 6d. per bushel, sacks in; partridge peas, 6s. 7d. per bushel,

sacks in; peas, Prussian blue, 7s. 6d. per bushel, sacks in; crushed peas, 7s. 6d. per bushel, sacks in; oats, Algerian seed, 4s. 4d. per bushel, sacks in; oats, heavy Duns, choice, 4s. 7d. per bushel, sacks in; oats, weet oats, for poultry feed, ss. per bushel, sacks in; shelled oats fox’ chickens, 6s. per bushel, sacks in; feed Gartons. 4s. 4d. pel’ bushel, sacks in; Gartons, A grade, 4s. 6d. per bushel, sacks in; crushed oats, 4s. ,Bd. per bushel; Farro food, ton lots, £lO ss. per ton; rice meal. £lO ss. per tou; chaff, oaten sheaf, Blenheim prime, ton lots, £7 17s. 6d.. sacks in. free on trucks, Wellington; hay, good rye, £8 per ton; fowls: hens, 7s. to 9s. per pair; heavy roosters, Bs. to 10s. per pair; ducks, Ils. to 14s. per pair; geese, 13s. to 15s. per pair; turkeys. Is. 7s. to Is. 9d. per lb.; eggs, fresh, 2s. Id. to 2s. 2d. per dozen; butter, farmers’ separator, dairy and milled, Is. 9d. per lb.; shell grit, choice quality, 1001 b. bags, 6s. 6d. per bag; onions, Victorian brown Spanish, choice, .£lO per ton; maize, whole, 7s. 3d. per bushel, sacks in; crushed maize, Bs. per bushel, sacks in; fowl wheat, ten sack lots, whole 9s. Id. per bushel; lesser quantities, 9s. 3d. per bushel, sacks Is. Bd.; meat meal, for poultry feed, 20s. per 1001 b. bag; calf meal, £l2 per ton; pea meal, ton lots, £l2 7s. 6d. por ton, sacks in; mutton birds. Tasmanian, in casks, Bd. each. New Zealand, in kits, cooked Is., salted lljd. each; barley meal, ton lots, £ll 10s. per ton, sacks in; mixed fowl feed, 7s. per bushel, sacks in; poultry mash, £l2 ss. nor ton; linseed oil meal and linseed oil nuts, ton lots, £l4 per ton, lesser quantities 14s. 6d. pex- 1001 b.; potatoes. Canterbury grown, table, ton lots: Whites £5 12s. 6d., Red Dakotas £6 2s. 6d. per ton, sacks in; seed potatoes: Gamekeepers £7, Arran Chief £7 55., Up-to-Dates £B, Early Puritans £8 10s., Dakotas £7, Maori Chief £7, Victor Rose £7 10s. per ton, sacks in. COMMERCIAL ITEMS INVESTMENT SHARES. Yesterday’s quotations for investment shares were as follow:—

INVESTMENT, TRUSTEE. AND AGENCY COMPANY. The directors' report, to be submitted to tho annual meeting of the Wellington Investment, Trustee, and Agency Co., Ltd., records with regret the death during 'the yeax- of Mr. 11. M. Simpson (one of the founders of tho company, and until last year oho of tho board of directors), and also of Mr. A. E. Pearce, who was a valued member of tho board since 1915. After placing a sum of £394 os. 2d. to reserve, and making further provision for tho writing down of tho value of the company’s holding of debentures and inscribed stock, there is a profit of £5331 14s. Id. An interim dividend of 3 per cent, was declared, and paid in January, and it. is now recommended to pay a further dividend of 3 per cent, (making a dividend of 6 pex- cent, for the year), and a bonus of f per cent. This will absorb £4340. The board recommend’ that, of the balance of £991 14a. Id.. £lO5 19a. 10. bo placed to reserve, making tho balance of that account £20.700. and that £OB5 14s. 3d. bo carried forward. The vacancy caused by Mr. Simpson's resignation in July. 1920 was filled' by the appointment of Mr G. Shirtcliffe, and in place of the late Mr. Pearce. Mr. R. A. Holmes joined tho board. In view of the temporary ab-. senco from the Dominion of Messrs. Shirtcliffo and Tripp, the board deems it advisable that another director should be appointed to fill the seat, which has for a long time been vacant. They have approached Mr. Alfred Smith, until recently manager of the Bank of New Zealand, Wellington, who has Bignified his willingnose, if elected, to fill tho position. The directors who retire from the board in accordance with the articles of association are Messrs. George Shirtcliffe and Pnnl Coffey, who, being eligible, offer themselves for re-election. Mr. Alfred Smith, also being eligible, offers himself for election. COMPANY REGISTERED. The "Mercantile Gazette” records the registration of the following company:— Dunedin-Wanganui Shinping Co.. Ltd. (The). Registered July 16, 1921. Capital: £20,000. into 20,000 shares of £1 each. Subscribers: Wanganui—S. Holm Oamarii —R K. Inland. Dunedin—lt. Cuddie, R. J. Hudson. 0. Speight, K. S. Ramsay, and J. B. Shacklock, nil 1 share each. Objects: To carry on all or any of tho businesses of Shipowners, shipbrokdrs. proprietors of docks and nil other businesses relating to the shipbuilding industry. CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yesterday totalled £5554 9b. 3d. AUSTRALIAN PRODUCE MARKETS. By Telegraph—Press Association—Copyright (Rec. July 21, 10.5 p.m.) Sydney, July 21. Oats, Algerian feeding, 3s. 4Jd. per bushel; white feeding, 3s. Cd. Maize, yellow and white. 4s. Cd. per bushel. Potatoes, Tasmanian. £6 to £7 10s. per ton. Onions, Victorian, £4 10s. to £5 per ton. Adelaide, July 21. Oats. Algerian. 2a. 4d. to 2s. 6d. per bushel ' MINING NEWS WELLINGTON SHARE MARKET. The quotations recorded for mining shares yesterday were as under:— Buyers. Sellers. £ s. d. £ s. d. Talisman 0 6 0 Waihi 19 6 — STOCK EXCHANGE. By Telegraph.— Press Association. Auckland, July 21. Sales —New Zealand Insurance 27’. 9d.; Huddart-Parker (ord.). 455. 3d.; Northern Rtea.m (paid up), 13s. 9d.; Northern Steam (con.), 6s. Dunedin, July 21. Sales:—P. and O. (deferred), £3-10• New Zealand Refrigerating (con.), 16s. 3d. LONDON STOCK EXCHANGE. Australian-New Zealand Cable Association. (Rec. July 21. 10.6 p.m.) London, July 20. Mount Lyell shares. 13s. 6d.; Peninsular and Oriental, deferred stock, buyers £335, sellers £355. WAIHI MINH RETURN. By Telegraph.—Press Association. Auckland, July 21. The Waihi Company, for tho period ended July 9. crushed 13,702 tons of ore, yielding 40040 z. of gold and 36,C920z. of silver. In the corresponding period last year 13,706 tons of <>re yielded 40610 z. gold, and 22,8150 z. of silver.

Buyers. Sellers. £ p. d. £ s. d. Inscribed Stock, 1938 — 83 12 6 Inscribed Stork. 1935 91 5 0 — War Bonds, 1933 91 10 0 91 12 6 Bank New South Wales 33 10 0 . — Bank New Zealand 2 7 6 — Union Bank — 12 18 0' Well. Investment 0 9 9 -— Well. Gas (pref.) — 0 15 6 National Insurance —• 3 0 0 New Zealand Insurance 1 7 9 1 8 3 South British Insurance 1 12 « — N.Z. Refrigerating (10s.) 0 16 0 —— Huddart-Pnrker (ord.) ... 2 4 6 — Kaiapoi Woollen (ICs.) ... 0 11 0 —— Newton King (pref.) —■ 0 17 0 N.Z. Drug 2 12 6 — N.Z. Paper Mills (cum. rights) 1 1 0 —— N.Z. Pauer Milla (rights) 0 0 5 ■ 0 0 9 Wnirnrapa Fanners' (pref.) — 0 18 0