FARMING & COMMERCIAL

Dominion, Volume 14, Issue 288, 31 August 1921, Page 8

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMINO FIXTURES. TO-DAY. 157 Lambton Quay, Wellington, 10 30 a.m —Furniture sale (Johnston and. Oo.). 7 Arlington Street, 'Wellington, 1.30 p.m. —Furniture ealo (Vine and Wilson). Waikanae Yards, 1 p.m.—Stock sale. Nai Nai, Lower Hutt, 1 p.m.—Sale of dairy herd (IL E. Leighton). 105 Customhouse Quay, Wellington, 2.30 P.m.—Property sale (S. G. Nathan). Featherston Street, Wellington, 2.30 p.m — Property sale (Bethune and Co.). Johnsonville Yards. 2 p.m.—Stock sale. TO-MORROW. Greytown, 10 a.m —Sale of woodworking machinery (Dalgety and Co.). 105' Customhouse Quay, Wellington, 2.30 p.m.—Property sale (S. G. Nathan). 195 Lambton Quay, Wellington. 230 p.m. —Property sale (Harcourt and Co.). ( • FRIDAY. Tory Street. Wellington, 10JO a.m.—Sale of building material (Johnston and Co.). 21 ■ Ellice Street, Wellington, 130 p.m — Furniture sale (Wheatlev and Co.). 141 Manners Street, Wellinton, 1.30 p.m. —Poultry sale (Wheatley and. Co.). TARATAHI.DAIRY COMPANY ANNUAL MEETING. From Our Own Correspondent. Carterton, August 30. The -annual meeting of the Taratahi Co-operative Dairy Company was held at Carterton yesterday afternoon, Mr. C. Reid presiding over a good attendance of suppliers. The annual report and balance-sheet was adopted. It showed that the amount of milk received during the season ■ was 2,757,7911 b.; 14,6241 b. of milk, equal to 552.781 b. of butter-fat were sold, the balance being manufactured into cheese. The total butter-fat amounted to 104,231.381 b. Tho milk showed a percentage of 8.78, and produced ' 279,9911 b. of cheese, equal to 125 1 tons. Each period of ,butter-fat made 2.701 b. of 'cheese, the milk averaging 9.851 b. of milk to each pound of cheese. During the season advances were made to milk suppliers at Is. lOd. per lb. butter-fat, amounting to JJ9554 10s. 10d., leaving for distribution .£1248 Ils. 10d., equal to 24Jd. per lb. of‘ butter-fat, or 9.87 per gallon of 10|lb. of milk over the whole season. provision was made for tho payment of 6 per cent, on tho paid-up capital, and adequate depreciation. The profit and loss account showed that the company paid out £9554 10s. lOd. for milk, £1351 6s. 9d. for manufacture, £439 Ils. Id. for management; calf veils, £45 16s. . 6d.; railage, etc., £493 2s. 6d.; interest on > shares, £32 25.; depreciation, £3O 6s. 4d., balance due to suppliers, £1248 Ils. 10d., making a total of £13,195 7s. lOd. Cheese sold realised £12,622 ss. Id.; milk, £B7 os. lid.; whey cream, £470 Is. lOd.; piggery rent, £l6. A notice of motion, "that no shareholder, who is not a supplier of butterfat to the factory, will bo eligible to hold office." was rejected. Messrs. W. F. Balrstow, T. Reid, and J. Fisher were re-elected' directors. It was decided to vote the manager a bonus of £l5. At a meeting of the directors, Mr. C. Reid was re-elected chairman.

CANTERBURY GRAIN AND PRODUCE MARKETS IMPROVED INQUIRY. By Telegraph—Press Association. Christchurch, August'3o. Business has livened up. during tht past few days in both oats and seeds. Oats, for which 3s. 6d., f.0.b., 5.1.,i could' not obtained ten days ago, have been sold at 3s. 7d., and the improvement could be set down at about a penny per bushel. A grade Gartons are worth to farmers from 25.. 9d. to 2s. lOd. The inquiry may be temporary, due to end-of-month requirements, '■ although the general impression is that tho absence of offers from , farmers will prevent the market casing. / Super cowgrass is in very keen demand for export, and fair quantities have been shipped. This demand is being reflected in a fii'mer tone for secondary quality for local use. A fair area of new pasture is being put down throughout the province this season, and inquiry is coining in 'from farmers. It is believed that the crop is shorter than was anticipated. The sale of super cowgrass for export was at 170 s. per-cwt. (Is. Cd. per lb. dressetl). Good quality farmers’ seed is worth from Is. Id. to Is. 2Jd. per lb. Cocksfoot has also shown an improvement, and prices have firmed ,during the past few days by about a penny per lb. Good quality seed is worth to farmers from GJd. to 7Jd o per lb. A considerable inquiry has set in from tho North Island. Italian ryegrass is also being inquired for from tho north, and some business has Wen done in this seed. WHOLESALE PRODUCE PRICES Messrs. Laery and Co., Ltd., Wellington, report wholesale prices as follow:— Crushed barley, ss. 6d. bushel, sacks in; Chevalier, ss. 6d., sacks in. Peas, Prussian blue, Bs. bushel, sacks in. Peas, feed, 6s. 6d. bushel, sacks in. Oats, seed, Algerian, farmers’ dressed, 4s. 4d. 'bushel, sacks in; machine dressed, ss. 2d. bushel, sacks in. Oats, heavy Duns, choice, 4s. 6d. to 4s. Bd. bushel, sacks in. Oats, Weetoats, for poultry feed, ss. bushel, sacks in; shelled oats, for chickens, 6s. lOd. bushel sacks in. Feed, Gartons, 4s. 6d., sacks in; black; oats, 4s. sd_, sacks in; crushed oats, 4s. lOd. bushel, sacks in. Hay, good meadow,, £7 10s. ton. Lucerne, £9 per ton. Chaff, oaten hay, Blenheim pyime, ton lots, £7 15s. ton, sacks in, free on trucks Wellington. Ricemeal, £lO ss; ton. Wheatmeal, for poultry feed, 20s. pcr 1001 b. bags. Calfmeal, £8 10s.’’per ton. Peameal, ton lots, £l2 10s. ton, sacks in. Barleymeal, ton lots, £ll 10s. ton, sacks in. Pigmeal, £8 10s. per ton. Farrd food, ton. lots, £lO per ton. Shell grit, choice quality 1001 b. bags, 6s. 6d. .per hag. Fowl wheat, tensack lots, whole, 9s. Id. bushel, lesser quantities 9s. 3d. bushel, sacks Is. Bd. Mixed fo.wl feed, 7s. 3d. bushel, sacks in. Poultry mash, £l2’ss. per ton. Linseed oil- meal, 14s. 3d. per 1001'b. bags. Fowls, hens Bs. to 10s. Gd. per pair, heavy roosters 9s. to 12s. per pair. Ducks, 12s. to 14s. per pair. Geese, 13s. to 15s. per pair. Turkeys, Is. 6d. to Is. 7d. per lb. Eggs, fresh, Is. lOd. dozen. Mutton birds, Tasmanian, in casks, 7Jd. each; New Zealand, in kits, cooked, lid.; salted, HJd. each. Maize, whole 7s. 3d., crushed 7s. 9d. bushel, sacks in. Chicken raiser, 235. per 100. Straw chaff, £7 10s ton, sacks in. Seed maize, Hickory King and Ninety Day, Bs. bushel, .sacks in. Onions. Victorian, choice Brown Spanish, £9 per ton. Potatoes, Canterbury grown, table, ton lots, whites £4 12s. 6<l_, Red Dakotas £5 ss. per ton, sacks in. Seed potatoes, Gamekeepers £6, Arran Chief £7, Early Puritans £8 10s., Dakotas £6, Maori Chief £7, Scotias £5 10s., Sutton’s Supreme £lO. Molasses, in casks, each about scwt., 50s/ per cask. Mangolds, quotation upon application.

BRADFORD WOOL MARKET London, August 29. ; The Bradford market shows more activity, and merinos and fiuo crossbreds are firmer.—Aus.-N.Z. Cable Assn, LIVE STOCK STATISTICS Pueliminnry figures for the season 1920-21, issued by the Government Statistician, show the total number of cattle in Now Zealand as 3,112,742; dairy cows (included), 993,473; horses, 333,743; and pigs, 342,227. These represent good increases in dairy cows and pigs, and a

decrease in horses. The complete return of sheep as at April 30 shows a Dominion total of 23,285,031—a decrease of 031,939 compared with last year. FEEDING DAIRY COWS In the course of an article in the Journal of Agriculture on the feeding of dairy cows and the value of l supplementary fodder crops in order to'get the maximum returns, Mr. A. ll,' Cockayne says "Supplementary grain-feeding of dairy cows is little adopted in- New Zealand, but I am strongly in favour of the growing ,of a small quantity of certain concentrates, such as oats, barley, peas, or beans, for feeding during the first month or so after the cows come into milk. Such feed provision, especially of the last two crops, is probably sounder than buying bran, a concentrate that is popular with a good many dairy-farmers. I would emphasise tho opinion that the time fbr relying so much on pasture in New Zealand has gone by, and that tho really adequate feeding of dairy cows can- only be secured by a thorough recognition of this fact by our dairy-farmers. We should by all means improve as far as practicable the production from grassland; but no such methods will enable the farmer to secure the maximum return from his herd. This can be done only by adequately supplementing the feed from pastures by means of specially grown fodder crops. COMMERCIAL ITEMS INVESTMENT SHARES. A sale of Bank of New South Wales shares at £35 ss. was reported yesterday. The quotntiofis were as_follow:—

EXCHANGE RATES. Australian-New Zealand Cable Association. London, August 29. Foreign rates of exchange are quoted ns follow:—Paris, 47.57 francs to £1; Stockholm,f< 17 05 bronor; Christiania, 27.43 krone! 1 ; Copenhagen, 21.53 Zeroner; Berlin, 322 marks; Montreal, 4 9 dollars; New York, 3.6% dollars; 'Calcutta, 16gd. tb rupee; Hong-Kong. 321 d. to dollar; Yokohama, 31 Jd. to yen. CUSTOMS REVENUE. I Customs revenue collected at the port of Wellington yesterday totalled £7794 9s. lid. PRICES OF METALS. Australian-New Zealand Cable Association. (Rec. August 30, 10.30 p.m) London, August. 29 Copper.—On spot, £67 18s. 9d. per ton; forward delivery, £6B Ils. 3d. Lead.—On spot, £23 7s. 6d. per ton; forward delivery, £22 15s Spelter—On spot-, £24 15s. per ton; forward delivery, £25 7s. 6d. JTin.—On spot, £153 ,7s 6d. per ton; forward delivery, £155 7s. 6d. Silver.—Bars, 38’d. pcr ounce standard. • ~ 7 V~ MINING NEWS ■< WELLINGTON SHARE MARKET. Tho quotations in tho mining market yesterday were as under:— . Buyers. Sellers. £ s. d. £ s. d. Progress '. . T „ P J Waihi 1 » 6 1 1 J Waihi Grand Junction 0 8 8 0 9 0

STOCK EXCHANGE. By Telegraph—Pres. Association. Auckland, August 30. Sales.—War Loan (1938),-■-£B3 155.; Soldiers' Inscribed Stock £9l 10s ; South British Insurance. 36s ;, Auckland Gas (paid up), 245.; Auckland Gas (con.), 255.; New Zealand Refrigerating, 31s. Dunedin, Aiigust 30. Sale.—lluddart-Parker, 425. 9d. LONDON STOCK EXCHANGE. Australian-New Zealand Cable Association. London, August 29. North Broken Hill, buyers 275. 10d., sellers 28s. 9d.; Boulder, buyers 5s 10d„ sellers 6s ; Ivanhoe. 16s. 6d.; Waihi Grand Bs. Id.

Inscribed Stock. 1939 Inscribed Stock, 1938 Buj’ers. £ s. d. Sellers. £ s. d. 83 17 6 — 83 17 6 Inscribed Stock, 1933 ■ —. 91 12 6 War Bonds, 1941 —• 83 15 0 W ar Bonds, 1930 , — 88 5 0 War Bonds, 1933 91 10 0 — PO. Bonds, 1927.' 91 0 0 PO. Insciibed Stock, 1927 91 0 0 — Bank Australasia, — 90 10 0 National Bank — 5 11 9 Bank New South Wales —- 35 10 0 Bank New. Zealand 2 9 0 2 9 b Union Bank 12 10 0> 12 12 b Goldsbrough Mort 1 10 0 1 11 6 Eouitable Building 6 17 6 N.Z.L. and M. (ord.) ... 80 0 0 N.Z. and River Plate ... — 0 18 0 Well. Investment 0 9 0 0 10 0 Well. Trust and Loan... 5 5 0 5 15 0 Well. Gas (ord.) 7 15 0 8 15 0 Well. Gas (pref.) 0 12 0 0 15 0 National Insurance South British *Insuranc© •— 3 2 b 1 16 0 1 16 3 N Z. Refrigerating (£1) 1 10 6 •— N Z. Refrigerating (10s.) , 0 16 6 0 17 0 Gear Meat • ; — 1 12 3 Huddart-Parker (ord.) ... 2 2 6 . — Union Steam (pref.) 0 18 0 0 18 6 Westport Coal —— 1 / 6 Waipa Goal — 0 15 9 Levland-O'Brien Timber 1 10 9 1 12 0 Howard Smith Kirkcaldie and Stains •2 0 0 — (pref.) 0 17 6 — N.Z. Drug (cum) 2 15 0 N.Z Paper Mills r — 1 1 6 Wuira,Tapa Farmers 0 17 (pref.) —• b Ward and Co 1 0 0 —