FARMING & COMMERCIAL

Dominion, Volume 14, Issue 280, 20 August 1921, Page 10

FARMING & COMMERCIAL

NEWS- AND NOTES

AUCTION BALES ’ FORTHCOMING FIXTURES. TO-DAY. Beauchamp Street, Karori, 1.50 p.m.—Furniture sale (Johnston and Co.). MONDAY. 157 Lambton Quay. Wellington. 150 p.m — Sale of un claimed goods (Johnston and Co.). ■ 151 Jackson Street. Petone, 2 p.m.—Furniture sale (Vine and Wilson). TUESDAY. ‘ 88 Vivian Street, Wellington, 10.50 a.m. —Furniture sal© (Johnston and Co,). Levin Yards. 12 noon.—Stock sale BUTTER AND CHEESE PRICE OF LACTEAL CASEIN. From Our Own Correspondent, Palmerston North,. August 19. Although at the present moment buyers for the Homo market have ceased operations in butter and cheese, many of the dairy factories which declined the offers do not appear at all perturbed at the position; and although others who did business are inclined to think those who declined to cell on the terms offered have "missed the bus,” t.he majority appear to be quite convinced that the cessation of buying is only temporary, and sown to be satisfied to ship on consignment. Quite a number of factories which changed over to butter when the slump came in cheese last season have now got dual plants. While handling their own output they can turn out cither to suit the markfU and unless there should be a collapse in both the butter and cheese markets at the same time they can take advantage ot any change for the better* in either commodity. Several of the factories have decided to put in lacteal casein plants as nn extra, and although the price at present quoted at Home for casein is only some £4O proton, this may apply to other than lacteal casein, as private information just received ie to the effect that the latter is now commanding £55 per ton on the Home markets. The latest cabled advices received by the Pahiatua cheese factories is to the effect that the following prices were realised by the company’s consignments in London:—Per lonic, white 138 s, coloured 132 s : Waimana, white 1325.. coloured 1245.; Mahana. white 138 s, coloured 1325.; Remum-a, white 1325., coloured 1265. OUTLOOK FOR MEAT A PESSIMISTIC REPORT. From Our Own Correspondent Palmerston North, August 19. While the outlook for dairy produce is fairly good, the prospects for meat for export for the coming season are by no means rosy. Rumours are efloat finnd there is good reason to believe that they are not without foundation) that the' freezing companies have practically decided not to purchase any beet durin'”- the coming season, and that their . opening prices for wethers will be in the vicinitv of 10s. per head, while there is disinclination to purchase ewes at any I price With' the present, position of the wool market this is distinctly discouraging. BUTTER AND CHEESE LONDON REPORTS. (Rec. August 19, 9.55 p.m.) London, August 18. > The butter market, is quiet, and prices are unchanged. Some sellers of free Australian butter are willing to take a shilling or two below the Government price. Cheese is easier, following the decline in Canadian quotations. Coloured. New Zealand is quoted at 1235. to 130 s. per cwt.; white, 1325. to 136 s—Aus.-N.Z. Cable Assn. BRADFORD WOOL MARKET (Rec. August 19, 9.55 p.m.) London, August 18In the Bradford wool market business is restricted. There is no inquiry for merinos.-—Aus.-N.Z. Cable Assn. CANTERBURY MARKETS By Telegraph —Press Association. Christchurch, August 19. There is a weaker tone in the oat market, although there is nothing in the nature of a break. The- paucity of offers from farmers will operate against such a development. However, definite advice from Home provides little scope for export at existing values here Farmers who can afford to use are resolved not to thrash at lower values than those ’at present ruling. There is still a good deal of barley in the province, but no business doing. Potatoes have .031 the slight activity that marked them last week. Several big shipments from the north during the week filled a market which was becoming somewhat bare, and another vessel in a few days with a big consignment will maintain the wellstocked position in Auckland. Values nominally are 30s. to 355. at country stations. Supcr-cowgrass is in keen request, and Is. is being paid to farmers for really good seed or Blenheim standard Medium and inferior cowgrass are weaker. Superior cowgrass is for export. White clover covers a wide range, according to quality, from lOd, to. Is. 4d. Chaff « in little request; £3 ab country stations is the outside value, there has been a temporary strengthening ”> t,l ° linseed market during the weel S’ b " Bt ' ness being done on a basis of £lO pe ton at country stations.

WHOLESALE PRODUCE PRICES

Messrs. Laery and Co,, Ltd Wellington report wholesale prices as follow. Crushed barley, ss. 64. per bnshe , sacks in- Chevalier, ss. 64. per bushel, sacks in- peas, prussian blue, Bs. per bushel, sacks in peas, feed. 6«. fid. per bushel, packs in; oats, seed Algerian farmers dressed 4m 4<l. per bushel, sacks in; ma-chine-dressed, ss. 24. per bushel sacks w : oats heavy Duns, choice, 4s. 6d. to 4. fid per buihel, sacks in; oats weerenfs for poultry feed, ss. p-r bushel sacks in; shelled onia, for chickens, fe.Jo‘per bushel, sacks in; feed Garton, £• Wper bushel, sacks m; black oats. • 5d per bushel, sacks in; crushed oats. 4s.' 10d. per bushel, sacks in : hay. good meadow Le? 10s. per ton: lucerne. T 9 per ton; chaff, oaten sheaf Blenheim prime ton lots, .£7 15s. per ton, sacks ? f ®e» on trucks Wellington : rice meal, xifl 5s per ton: meat meal, for po«l<'y £d, 2fis P per 109'11. bags; calf men 1. .Eh 10s. per ton: pea meal, ton lots .£- ■«• per ion, sacks in; barley meal, tori lots dCll 10s. par ten, sacks in; pig ni a *» 10s per ton: Fnrro food, tori lots 10 nm- ton- shell grit, choice quality, 1001 b. bags! 6s. 6d. per bag; fowl wheat, ten sacks lots, whole 9s. Id. per bushel, lesser quantities 9s. 34. per bushel, sacks Is fid ; poultry mash, -612 os. per o , linseetl oiT meal, Ws 3d. per 1601 b. mixed fowl feed, 7s. fid. per bushel, sn » in; fowls: hens, fis. to 10s. fid. per pair, heavy roosters, 9s. to Ks. pc 1 - - cWelrs, 12s. to Us. per pair; geese 13s to 15s. per pair: turkeys, s. 0d to Is 7d tier >b.; egw. fresh. Is. W. P/ dozen; mutton birds. en«ks 7 lr ’ each; New Zealand, in fcit-i. cooked lid.,’ saltrd Hid. each: maize, whole 7s. 3d., crushed 7s. . 9d. per bushel., saclts in: seed maize. Hickory F'ng nod 'Today" 8= per bushel, sacks in; chicken raiser. 235. per 1001 b.; straw chaff. £7 10s. pa- tom sacks in : onions. Victorian, choice brawn Spanish, -£9 iyr ton- potatoes: Canterbury grown, table, ton ’lots. Whites sS4 12s. Cd.. Red Dakotas .£•' -ss. per ton, sacks in; seed potatoes: Gamekeepers .£6, Arran. Chief £7,

Early Puritans £8 10b., Dakotas £6, Maori Chief £7, Scotia £5 10s., Sutton’s Supremo £10; molasses, in casks, each about scwt., 565. per cask. LONDON MARKETS Messrs. Dalgety and Company, Limited, report having rezoived the following cablegram from their London house, under date of August 18:—“Frozen meat: Mutton and lamb, fair demand at unchanged prices. Beef: There is an improvement for best quality good weight, but for second quality beef there is a poor demand at unchanged prices.” COMMERCIAL ITEMS INVESTMENT SHARES.

CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yesterday totalled £5878 ss. sd. MELBOURNE HIDES MARKET. By Telegraph Pre--. ,> Copyright Melbourne, August 19. Hides are firm: top lines are unaltered, but sloppy lines are dull o" sale at a farthing decline EXCHANGE RATES. Australian-New Zealand Cable Association. (Rec. August 19, 9-55 p.m.) London, August 18. Foreign exchange rates nre quoted as follow-.--Paris, 47.25 francs to £1; Stockho Im 1712 kroner; Christiania, 28.07 kroner- Copenhagen, 22 57 kroner; Berlin 507 marks: Calcutta. 16d. to rupee; V<skohaxna 513 d. to yen; Honk-Kong, 35d. 'to dollar; 'Montreal, 4.03 dollars; New York, 3.665 dollars. LONDON MARKET REPORTS. Australian-New Zealand Cable Association. (Rec. August 19, 9.55 p.m.) London, August 18. Sugar.—Granulated,' 595. 6d. Wheat—Dull and inactive in all departments. ' . . Flour—Slow of sale Australian, ex store 60s. 6d. to 61s Sales for shipment, 10s. lower at 4205. per ton c.i.f. Oats and Beans—Steady and unchanged. Peas.—Firm. AUSTRALIAN PRODUCE. By Telegraph—Press 4 nsociation—Copyright Melbourne, August 19. Barley, English. 4s. Bd. to ss. per bushel; Cape 3s. 9d. to 3s. lOd. per bushel. Oats, 2s 9d. per bushel. Potatoes, £3 10s. per ton, Onions, £2 10s. to £3 per ton. x

Yesterday’s quotations for investment shares were as follow Buyers. Sellers. £ s. d. £ p. d. Inscribed .Stock, 1939 83 10 0 83 17 6 Inscribed Stock. 1933 83 10 0 83 17 6 Inscribed Stock, 1933 — 92 0 0 War Bonds, 1941 83 5 0 —■ War Bon do, 1939 83 10 0 —■ War Bonds, 1938 83 10 0 83 17 6 War Bonds, 1930 — 89 0 0 Bank Australasia 83 10 0 — National Bank 5 9 6 —• Bank New Zealand 2 9 0 — Union Bank 12 7 0 —— National Insurance 3 2 6 Nrw Zealand Insurance 1 9 0 — South British Insurance 1 16 0 1 16 9 N.Z. Refrigerating (IDs.) 0 16 2 0 16 6 Gear Meat 1 11 0 1 12 6 Meat Export (£3 12b. 6d *3 3 2/ 4 cnr*»J " Huddart-Pc.rker (ord.) ... 0 2 5 3 Wr.il>’. Coal 0 16 6 bevla-nd-O'Brien Timber 1 10 9 1 12 0 N.Z Paper Mills —• 1 2 3 Wairarapa. Farmers (pref.) — 0 17 0 Whitcombe and Tombs 2 13 0 —•