FARMING & COMMERCIAL

Dominion, Volume 15, Issue 17, 14 October 1921, Page 11

FARMING & COMMERCIAL

KBITS AND NOTES

AUCTION SALBS FORTHCOMING FIXTURES. TO-DAY I Wh* Strout, LyzJl Bay, 10.31> won.—Furniture sals (Johnston and Co.). 141 Maranans Street, Wellington, IJO poa.-— Poultry ealo (Wheat!ay and Co,). 137 Lambton Quay. Wellington.—Property Bale (Hodgkins. Cinrri. 157 loambton Quay, Wellington, 1.30 p.m.— Salo of produce (Johnston and Co.). Dominion Avenue, Wellington, 1.30 p.m.— Salo of furniture and outlery (Vine and Wilson,). SHEARERS’ 7 AWARD WORKERS’ UNION WITHDRAWS OPPOSITION AN OFFICIAL STATEMENT Tho following announcement was made yesterday by Mosers. C. E. Baldwin (president) and C. Grayndler (secretary, of the N.Z.W.U.):— "The Shearers' Council of the New Zealand Workers’ Union now advises shearers and shed hands throughout the Dominion to make engagements at the best rates they can obtain. This means that mon can commence work at award . rates, but wherever circumstances warfrant a higher rate it can be demanded. Tho award provides only a minimum rate, below which employers cannot pay. Had the Shearers’ Council been advised * or anticipated that Judge Frazer's decision was to be given a Dominion application, tho shearing trouble as far ns it had gone could have been averted." TO-DAY’S WOOL SALE DETAILS OF THE OFFERINGS. The October Wellington wool eale will be held to-day. Offerings in order of sale will bo as ibllow: —Wairarapa Farmers', 600 bales; Abraham and Williams, 307; Now Zealand Loan and Mercantile, 4,21; Lovin and Co., 2500; Murray, Roberts, 1337; Dalgety, 80Q; Wright, Stephenson, 437; New Zealand Farmers’ Co-operative, 868. Total, 7320. The Auckland sale will be hold on October 18, Wanganur on October 20. Several meetings were held in Welling, ton by brokers on Wednesday meeting buyers, with reference to “prompt" and bills of lading; also with shipping companies on loading dates, and' with Farmers' Union delegates on handling wool for sale and shipment. AUCKLAND The catalogue at the Auckland sale will comprise about 5000 bales, the greater portion .of, which accumulated in the stores during the season. A small quantity of new wool will also be offered. Hopes are entertained that prices at the sale will show considerable improvement compared with the rates realised at the last sale. The British market has shown substantial improvement of late, and the demand for crossbred wool at tho recent sale held at Liverpool was much better than had been the case for a very long time. Another factor favouring. an increase in local prices is the reduction of shipping freights for wool of id. per lb. This reduction alone represents to the wool industry of the Dominion on a normal season’s clip a saving of about .£320,600. Tho forthcoming sale will be the last of tho old season s fixtures. The first sale of the now season at Auckland will be held on December 5, and the second sale on. February 8, 1922. LONDON WOOL SALES CROSSBREDS SLIGHTLY DEARER. London, October 12. At the current BA.W.R.A wool sale only a email selection of merinos was offered, for which yesterday's good tone was well maintained, and prices were fully firm. Crossbreds sold very well, medium being slightly dearer. Realisation: “Greendale," top price 23d., average 21Jd.; "R," New England, 23d..; Bentley, 25d. and 23d.; New Zealand Riniinoa, 13d. and lid. —Aus.-N.Z. Cable Assn.

Messrs. Murray, Roberts, and Co., Ltd. yesterday received the following cablegram from their London me fits, Messrs. Sanderson, Murray, and Elder, Ltd.: Market strong; keen competition. Compared with last London sales’ closing rates: Greasy merino, good, bn ken, and pieces, advanced 15 per cent.; comeback and crossbred, fine, greasy, advanced 15 to 20 per cont.; crissbred medium, greasy, advanced 15 per cent.; crossbred, scoured and slipa, shows no change. The Wairarana Farmers’ Co-operative Association Ltd. have received the following cablegram from their London agents, under date October 11:—Wool sales opened to-day, and were well attended by Home and Continental buyers. Fine Crossbred advanced 10 to 12} per gent, medium crossbred 10 per cent., and, coarse crossbred 7$ per cent., compared with closing rates of previous sale. LONDON TALLOW SALES London, October 12. At the tallow sales 1575 casks were offered, and 328 sold, at fully two' shillings decline. Mutton, fine, 553., medium 4,85.- beef, fine, 565., medium 485.; godd mixed, 48s. par cwt.—Aus.-N.Z. Cable Assn. • LONDON MARKETS The New Zealand Loan and Mercantile Agency Company Limited have received the following cablegram from their London house under dato October 12: ■Tallow.—We quote present spot values for the following descriptions:—Fino mutton, -£2 14s. per cwt.; good beef, £2 9s. 6d. per cwt.; mixed, £2 3s. per cwt. Small demand; downward tendency. New Zealand Frown Meat.—Lamb, B{d. per lb. (average); wether, mai’den ewe, lio-ht 6id. per lb., heavy 4|ld. per lb.; ewe, light 4§d. per lb., heavy 4d. per lb.; ox beef, hinds sjd. per lb., fores 3}d. per lb.; cow beef,' hinds 4d. por lb., fores 2jd. per lb. Messrs. Dalgety and Company Limited report having received the following cablegram from their London house under date October 12: Tallow.—lsso casks of tallow offered, 200 casks sold. Since our report, of October 7 prices arc nominally 2s. Ww; fair mixed 445.. gut 375., host qualities neglected; nominal quotations for fine beef 565., fine mutton 555. WHOLESALE PRODUCE PRICES Messrs. Laery and Co. Ltd., Wellington report wholesale prices os fcfflow — Ground barley ss. bushel, Capo 4s. 8d„ Chevalier ss. bushel, sacks-in; peas seed Gs. Bd. bushel, sacks in; oats, seod Algerian, farmers’ dressed, 4s. Id. bushe , sacks in; machine dressed, ss. Id. bushel, sacks in; feed Algerians 4s. per bushel, sacks in; oats, woetoata, for poultry feed, ss. bushel, sacks in; shelled oats for chickens, Gs. 9d. per bushel. Backs in; cats, heavy Huns, choice, 4i Bd. bushel, sacks in; crushed oats is. lOd. bushe Backs in; rolled oats for chickens 225. Cd. 1001 b.; oats, B Gartons As. Cd., A Gartons 4s. 7d. bushel, Backs in; hay, choice meadow. £IG 10s. per ton; lucerne hnv £8 per ton; chaff oaten sheaf, Blenheim prime bright ton lots, £1 10e. ton, sacks in, free on trucks, Wellington, lesser quantities ssi ton extra; ricemnal, .£9 ton; mentraeal, for poultry feed, 193. 6d. per 1001 b. bag; poameal, ton lots, All 10s. per ton, socks ir.; barley meal, ton lots, .£lO 10». pm- ton. Backs in; pigmeal, J? 9 ton: shell grit, choice quality, in 1001 b. hags, Gs. 6d. bag; chicken grit, 7s. bag; fowl wheat, ten-sack lots, 9s. 2d., lesser quantities 9.°. 3d. bushel, sacks la. Bd.; mixed fowl feed, 7s. bu-shel, sacks

hij poultry mash* 4012 ton, llmead oilmeal and llnsoed oil nuts, 14s. BcL per 1001 b. bags t fowls, hens, Bs. 6d. to * 12s. pair; heavy roosters, 9s. to 12s. pair; ducks, 13s. to 16s. pair; goose, 12b., 13a. pair; turkeys, Is. sd. to Is. 6d. lb.; eggs, firesh ls. 6d. dozen; chicken raiser, 225. 6d. per 1001 b. bags; mutton birds, Tasmanian, in casks 7d. each, N.Z. in kits (cooked) 9d. each; maize*, whole 75., crushed 7s. fid. bushel, sacks in; onions, Victorian choice brown Spanish, -£8 10s. ton, sacks in; potatoes, Canterbury table, ton lots, Red Dakotas 10s. ton, sacks In, lesser quantities 54. per ton extra; molasses, in casks, each about scwt., 455. per cask; seed potatoes, Canterbury-grown Arran Chief, Up-to-days, Gamekeepers, Northern Stars, Scotias, all at 7s. per cack: dressed pork, choice, keen demand, lOd. to 10&d. per pound. WOOL SCOURING Sir John Luke (Wellington North) has given notice* in the House of Representatives to ask th® Brim® Minister whether the Government will take action on the recommendations of the Industries Committee’s report. He mentions evidence was submitted to tho committee by those interested in the wool-scouring business as to the desirability of having the wool clip or a portion of it, scoured In New Zealand. It was claimed, that, besides providing additional employment for a large number of people, a considerable saving ,in freight would be effected by the removal of the impurities, and that several by-products would be secured if the scouring operations were conducted on scientific lines. At present these by-products are lost to the Dominion by the export of greasy wool and the existing methods of scouring. It was further stated that in wool-fat in the 1916 wool clip the Dominion lost ■£279,750, and in potash 4850 tons, valued at 4669,750 at pre-war prices, and tin* loss is and has been an annual one. In addition the saving in freight by shipping scoured wool woulff run into K any thousands of pounds. The Con monwealth of Australia has during recent years encouraged the scouring ci a largo portion of the wobl clip of ti e temmonwealth, and have extended the wool industry by the manufacture of tops, thus securing considerable employment for its people and adding to the wealth of the country. CROWN TENANTS LAST YEAR'S OPERATIONS. "Generally speaking, the past season was a good one, and tho Crown tenants did well until the fall in tho prices of produce affected those who depended on sheep-farming or stock-raising; but it seems inevitable that all pastoralists and graziers will have a very 'hard struggle to make both ends meet during the coming financial year," says the Under-Sec-retary of Lands in the annual report for the year ended March 31 last. "The Government, realising this, has arranged for special consideration to bs g ien to those requiring it, by postponing their rents and by freeing the season’s clip of wool from Government liens, in order to enable settlers who are so encumbered to treat with the merchants and bankers for advances on even terms with those whoso clips are free. This sympathetic treatment has considerably eased the position, and should help to tide most of our tenants over the bad times that are before them. Fortunately the market for all dairy produce has maintained its satisfactory position, and it is pleasing to he n,ble to report that all settlers employed in that industry are prospering and the later ones are establishing themselves.

“There are about 35,000 tenaifts on the books of the Department, and in spite of the financial depression it may be confidently stated that a large majority of them are in a sound position, and when this depression has passed I am optimistic enough to believe that they will rapidly overtake their liabilities and again become prosperous. Most of them are of this opinion themselves, though there may bo a few who take the opposite view, and proclaim it so loudly ns to create a false impression of tho general opinion. In consequence of the decision of the Government to postpone rents, as related above, large postponements of rent have already been made, and larger may be expected later, with a consequential fall in tho revenue. “The gross revenue amounted to £1, 735,433, a record for the Department. Of this sum, .£756,960 was derived from ordinary Crown lands; £661,825 f-om lands held under the Land for Settlements Act. (including Cheviot Estate); £144,520 from tho national endowment; and .£107,179 from education endowments. Canterbury land district again heads the list, with a revenue of £288,622, chiefly from her numerous sheep-farming and grain-growing settlements; while second place is taken by Taranaki, owing largely to the number of West Coast Settlement Reserve freeholds acquired under section 110*of the Native Land Amendment Act, 1913. Hawke’s Bay, although a comparatively small district, has also a large revenue, the bulk of which is derived from estaten acquired under the Land for Settlements Act. “The rent in nrrear at March 31 amounted to £63.459, an increase of £ll,6sBover last year. This is chiefly accounted for by the greatly increased revenue and tenant roll, the decline in primary produce values, and the inability of many tenants to . meet postponed rents falling due, which have had to be again brought to charge. Tho whole question of arrears is receiving most careful consideration, and by separate attention to each case it is hoped to materially improve the position in the near future.” BURNSIDE STOCK SALE By Telsgraph.—Press Association. Dunedin. “October 12. There were again good supplies of fat stock at tho Burnside sale to-day, sheep, cattle, spring lambs, and pigs being well represented. Values for cattle were a shade better, while for other classes of stock prices were much tho same as at last week’s sale. Cattle.—A largo yarding (220) of fair quality. At th® opening of the sale prices were a little firmer, and at the close good heavy prime sorts were 10s. to 15s. per head above last week’s low rates. Primo ox beef was worth up to 33a. per 1001 b., medium 235. 6d. t 0.275. 6d., and heifer beef about 325. Prime bullocks realised from £l6 10s. io £l9 10s., medium from £l3 to £l5 10s., light and unfinished from £9 10s. upwards; prime heifers from £l2 to £l4, medium from £9 to £ll, light and nged from £6 10s. Sheep.—A good yarding (2804) of fair quality. At the opening of tho sale the demand was slack and prices were Is. 6d. to .2s. per head 'below last week’s values, but as tho sale progressed values firmed, and at tho close there was no quotable change in values. Prime wether mutton was worth just about Bd. per pound, and light weights and ewes a fraction less. Primo wethers brought from 225. to 245. 3d. medium 18s. 6d. to 21s. od., light and unfinished from 15s. 6d. Ewes were poorly represented, and these sold realised from 12s. fid. to 17s. fid. Four pons of good quality shorn wethers were offered; and these brought from 16s. 3d. to 19a. per head. Spring Lambs.—49 were penned, a largo supply, for which there was a fair demand. The whole yarding was disposed of at prices ranging from 15s. to 375. Values wero easier and best quality lamb may be quoted at 10}d. per lb. Store Cattle-About 100 head, a smni yarding, composed mostly of indifferen sorts. Tho demand was very slack, the market being practically in a dition. Those which wero sold realised

values on a par with last week’s rates. Pigs—There was a full supply of pigs, all olasses being well represented. The demand for large pigs was a little weaker than, at the previous sale, while a good demand existed for porkers and small pigs. Prices were back to tho extent of some shillings per head. Best baconers realised up to B|d. per lb., and beat porkers from B£d. to fid. per lb. COMMERCIAL ITEMS INVESTMENT SHARES. A sale of 4J per cent. War Bonds, due 1938. at £66 7s. 6d. was reported yesterday The quotations were as follow:

CUSTOMS REVENUE. UuHtoms revenue collected at the nort of Wellington yesterday totalled £6814 16s 6d. AUSTRALIAN PRODUCE MARKETS. By Telerranh—Pre»» Aaßooiatlon— Oopyrlrti (Reo. October 13. 11.5 tp.m) Sydney, October 13. Oats. Algerian feed, 3s 3d. to 3s. 4d. per bushel: milling, 3b. 6d.; white feed, 3s. 7d. to is. Bd. Maize, yellow, 5s 3d. per bushel; white, ss. Potatoes. Tasmanian, £6 to £1 per ton; Victorian, £5 to £7 Onions, Victorian, £4 10s. per ton. Adelaida, OctobeY 13. Quotations for oats are nominal. MINING NEWS WELLINGTON SHARE MARKET. The following was the only quotation recorded. In the mining market yesterday:— . „ „ Buyers. Seller*. £ a. d. £ a d. Waihi' 5. 116 — STOCK EXCHANGE. By Telegraph—Press Association. Auckland, October 13. Sale:—Grand Junction, Bs. 6d. Christchurch, October 13. Sales reported:—Goldsbrough, Mort (Melbourne), £1 125.; Waihi Grand Junction, Bs. Bd. Dunedin, October 13 Sale-.—Now Zealand Paper Mills. 245. LONDON STOCK EXCHANGE. Australian-New Zealand '’able Association London, October 12. Broken Hill, buyers 30s. 7d., sellers 31s 6d.; Mount Elliott, buyers 155.. sellers 205.; Waihi Grand Junction, buyers 7b. 9(1., sellers Bs. 3d.

Buyers. £ s. d. Sellers. £ 8 d. Inscribed Stock. 1938 ... 86 0 0 War Bonds, 1939 6 K 6 War Bonds, 1938 85 10 0 86 0 0 0 0 Bank Australasia 86 0 0 87 0 Bank New South Wales — 35 10 Bank New Zealand 2 11 <5 6 Union Bank 12 11 0 12 12 Goldsbrough Mort 1 12 3 — Equitable Building 7 0 0 — Loan and Mercantile ... 81 0 0 — Auckland Gas 1 2 6 Well. Gas 8 0 0 8 10 0 Well. Gas (pref.) ■ • . 0 12 6 N Z. Refrigerating (10s.) — - 0 16 A Moat Export (£3 12s. 6d.) — 3 3 0 Huddart-Parker (ord.)... 2 4 3 2 6 0 N.Z. Shipping f 9 10 0 — V.S.B. Co 0 18 0 Well. Woollen (ord.) — B 4 0 Wairarapa v armers n n (oref.) — 0 Well. Cordage — 1 3