FARMING & COMMERCIAL

Dominion, Volume 14, Issue 265, 3 August 1921, Page 8

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. 157 Lambton Quay. Wellington, 10.30 a.m —Furniture tale (Johnston and Co.). “Airleo’’ Farm, Mangaroa, 10.30 a.m.—Sale of stock, implements, and furniture (Johnston and Co.) Waikanae Yards, It noon —Stock sale. Paekakarikl, 1.30 p.m.—Furniture sale (Vino and Wilson). Johnsonville Yards. 2 p m.—Stock sale. Main Road, Tipper Dutt. 2.30 p.m.—Property sale (Wilson and Co.). TO-MORROW. Main Road. Karori. 10.30 a.m—Furniture sale (Johnston and Co.). Tane, Pahiatua, 12 noon.—Sale of stock and implements (Levin and Co.). 157 Lambton Quay, Wellington, 12 noon — Property sale (Johnston and Co.). Heatherlea, Levin, 1 p.m.—Salo of dairycows (Abraham and Williams). Upper Hutt Yards, 1 p.m —Stock sale 89 Derwent Street, Island Bay. 1 p.m — Sale of dairy cows (Wallace and Co.). Customhouse Quay, Wellington, 2.30 p.m— Property sale (H. Leighton). 151 Lambton Quay, Wellington, 2.30 pm — Property sale (A. L. Wilson). LONDON MARKETS HIGH COMMISSIONER'S CABLED REPORT. Tho Department of Agriculture has received the following cablegrams, dated July 29 and 30 respectively, from tho High Commissioner for New Zealand, London:— “Wool sales closed last night. Good attendance .of buyers throughout speci-ally-from Continent. During the series 40,100 halos of New Zealand free wool were offered and 85 per cent. sold. B.A.W.R.A. catalogued total of 73,112 bales, including 13,614 New Zealand, but during last week withdrew 12,000 bales of description least in demand, and large supply of crossbreds resulted in reduction in price towards close; this reduction caused better demand. Compared with last sale, prices have declined from 7J per cent, in cose of finer merinos, to as much as 15 per cent, to 20 per cent, for coarse crossbreds. Average closing values were:—6o’s to Gt’s (merino), June 18 to July 29, Is. to Is. 4d.; June 18, Is. Id. to Is. 5d.; 56’s (super half bred), June 18 to July 29, Is. to Is. 3d.; June 18, Is. Id. to Is. 4d. 50’s (halfbred), June 18 to July 29, 71d. to 91d.; June 18, lOd. to Is. 48’s (fine crossbred), Juno 18 to July 29, 6.1(1. to Bd.; June 18, 9d. to lid. -M’s to 46’s (medium crossbred), Juno 18 to. July 29,. sd. to June 18, 61<1. to 81(1.; 3G’s to 40’s (course crossbreds), 4Jd. to 5Jd.). June 18, 5Jd. to 7d. Next series will open on August 30. Meat. Market shows very little change. Demand continues for New Zealand lamb. Quotations are: —N.Z. mutton, tendency weaker generally: Light-weight, July 29, 7Jd., 81d.; July 23. 8d„ BJd.; July 15, 81d., 9d. Heavy-weight, July 29, 51d., Gjd.; July 23, Gd., Gid.; July 15, 6(1., 7Jd. N.Z. lamb: New season’s, July 29, Is., Is. 2d.; July 23, Is. Id., Is. 2d.; July 15, Is. Id., Is. 2d. Heavy-weight little woakar at, July 29, lid. to Is. N.Z. beef: First-class quality, ox, hinds, July 29, 5d., 7d.; Julv 23, Cd.; July 15, Gd., Gjd. Fores, July 29, 31d.. 41d.; July 23, 3Jd.; July 15, 4d„ 4|d. Argentine chilled beef remains in fair demand: Hinds, July 29, 9d„ IOJiL, July 23, 10(1., lid.; July 15, lid. Fores, July 29, 4d., 5d.; July 23, 5d.; July 15, sd. / Butter. Market quieter, and quotations disclose weaker tendency. Home supplies decreasing steadily and very little Irish available at irregular prices. Danish in less demand at: July 29, 2GOs. to 2S4s. per cwt. (2s. 3jd. to. 2s. 4id. per lb.); July 23, 2665. to 2705. per cwt. (2s. 4Jd. to 2s. sd. per lb.); July 15, 2425.. to 2445. per ewt. (2s. 2d. per lb.). New Zealand first and second grade: July 29, 2595. to 2625. per cwt. (2s. 3}d. to 2s. 4d. per 1b.); July 23, 2595. to 2G2s. per cwt. (2s. 3Jd. to 2s. 4d. per lb.); July 15, 2215. to 2255. per cwt. (Is. lljd. to 2s. Old. per lb.). Australian, demand quiet. First and second grade: July 29, 2365. to 2415. per cwt. (2s. ljd. to 2s. ljd. per lb.), occasionally 2455. per cwt. (2s. 2J(I per lb.); Julv 23, 2395. to 2415. per cwt. (2s. lid. to 2s. ljd. per lb.); July 15. 201 s. to 2045. per cwt. (Is. 9Jd. to Is. 9Jd. per lb.). Free Australian, according to grade: July 29. 2205. to 2455. per cwt. (Is. ll?d. to 2s. 2{-d. per lb.); July 23, 2205. to 2455. per cwt. (Is. lljd. to 2s. 2Jd. per lb.). Argentine, salted and unsalted: July 29,° 2145. to 2285. per cwt. (Is. 11(1. to 2s’ Old. per lb); July 23, 2175. to 2305. per ewt. (Is. Hl<L to 2s. Ojjd. per lb.); July 15. 1725. to 18ls. per cwt. (Is. Gid. ti is. 72(1. per lb.). Free Argentine: July 29, 214.;. to 2245. per cwt. (Is. lid. to 2s per lb.); July 23, 2145. to 2245. per cwt (Is Ild. to 2s. per lb.). Government ex store price: July 29 to August 4. New Zealand, 2575. jper ewt. (2s. 3Jd. per lb.); Australian, 2405. per cwt. (2s. 13d- yer lb.); Argentine. 2255. ocr cwt. (2s. per lb). Julv 22 to July 28 aud July, 15 to July 21 New Zealand. 2575. per cwt. (2s. Td‘ per lb.); Australian, 2405. per cwt. (2s.' nd. per lb.); Argentine, 2255. per cwt. (2s. per lb.). Cheese.

Market remains quiet and prices irregular. English in short supply. Finest farmers, 1451. to 150 s. per cwt. (1s 3}d. to Is. -Id. per lb). Canadian: July 29, white, 1345., 1365. per cwt. (Is. 2Jd. per lb.), occasionally 138 s. per cwt. (Is. 2jd. per lb.); coloured, 1325., 186 s. per cwt. (|«. 2d.. Is. 2)d. per lb.). July 23, white, 1305., 1345. per cwt. (Is. 2d., Is. 2id. per lb.); coloured, 1305.,134s per cwt (Is. 0,1 Is 2Jd- per lb.). July 15, white, WSs., 1345. per cwt. (Is. l|d„ Is. 2Jd. nor lb.); coloured, 1265., 1325. per cwt. (Is lid., Is. 2d. per lb.). New Zealand:’ July 29, white, 1325., 1365. per cwt. (Is. 2d., Is. 23 d. tier lb.); coloured, 1265., 1325. per cwt. (Is. lid.. Is. 2d. per lb.). July 23, white, 1365„ 138 s. per cwt. (Is. "•Id’ per lb.); coloured, 1305., 1325. per ;tvt (Is 2d. per lb.)’. July 15, white. 1345.. 1365. per cwt. (Is. 21d per lb.); coloured, 1305.. 134 s per cwt. (Is 2d, Is. 2-ld. per IM- Australian: July 29, white’. el2ts„ 130 s. p?r cwt. (Is. lid., Is. 2d. per lb.); coloured, 120 s 1245. per cwt. (Is. o’d.. Is. IJd. per lb). July 23, white. 1285., 130 s. p:>r cwt. (Is. lid. per lb.); coloured, 1205., 128 s. (Is. 0?d„ Is. l|d. per lb.). Hemp. Manila market steadier and holders Ann. J grade June-August shipment to August-October shipment quoted at .£37 per ton, and sales htive been made at this price for July-September shipment. New Zealand market quiet and small business doing. High points, spot, quoted at .£4O 10s.; July-September shipment. £36 10s. per ton; fair, spot, quoted at £36; July-September shipment, £33 per ton. GRAIN AND PRODUCE MARKETS prospect of~ftrming in oat VALUES. Dy Talegraph—Press Association. Christchurch, August 2. Oats remain stagnant as far ns business is concerned, but there are no weak holders, and consequently thorn is no casing in values. So few oats are coming forward that there is a belief in soma quarters that when northern over-sellers come on the market later in the month they will have difficulty in filling requirements. With the prospect of a firming up in values, farmers are content to await some such development, judging by the paucity of their oilers. Rye grasses and cocksfoot continue firm, there being n. stronger tone throughout. Considerable ■business with the North Island has been done in cocksfoot on the basis of 9Jd. for machine-dressed, equal tv 7d. or 7Jd. for farmers.

INVERCARGILL WOOL SALE PRICES DOWN ALL ROUND., By Telegraph —Press Association. Invercargill, August 2. The third wool sale of the season was held to-night. There was a good muster of buyers, who bid freely for practically all lots submitted. Competition was very keen for light-conditioned wools, but prices were down a.f round, good bright well-grown hoggets’ wool being least affected. For these prices were lower by a farthing to a halfpenny. Good halfbreds and crossbreds were down by a halfpenny to three farthings, and heavy-conditioned wools by three farthings to ft penny, compared with last sale. Very few lots were passed in. COMMERCIAL ITEMS investment shares.

CUSTOMS REVENUE. / Customs revenue collected at the port of Wellington yesterday totalled £4580 Os. 3d. MINING NEWS WELLINGTON SHARE MARKET. The quotations for mining shares yesterday wore as under: — Buyers. Sellers. £ s. d. ' £ s. d. Waihi 19 6 - Junction 0 10 3 STOCK EXCHANGE. Ey Telegraph—Press Association. Dunedin, August 2. Westport Coal, 275. 3d.; Huddart-Parkcr, 455. 9d. Auckland. August 2. Sales—War Loan (1938), £B3 55., £B3 10s.; Soldiers’ Bonds. £92 55.; Auckland Gas, 21s. 9d.; Auckland Gas (cont.), 17s. 9d.; Waihi, 30s.

Yesterday’s quotations for investment shares were as follow Buyers. Sellers. £ s. d. £ a. d. Inscribed Stock. 1939-38... 83 0 0 — Inscribed Stock. 1933 ... 91 15 0 —- 83 0 0 — Bonds. 1933 : 91 15 0 — Bank Australasia. 35 0 0 — National Bank — 5 15 0 Bank N.H. Wales 34 5 0 — Bank New Zealand 2 6 6 2 9 6 Union Bank —— 12 10 0 Equitable Building 6 15 0 —— National Insurance 2 18 0 3 0 6 New Zealand Insurance 1 8 9 — Gear Meat BelTtceratine (20s.) 1 12 0 Huddart-Parker (ord ) ... 2 6 0 — Kaiapoi Woollen — 1 5 0 Kaiapoi Woollen (10s. 0 12 3 Tjcyland-O’Brien Timber 1 10 0 — Paper Milla 10 9 —