FARMING & COMMERCIAL

Dominion, Volume 15, Issue 55, 28 November 1921, Page 8

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES, TO-DAY. Manaka.il, 1.30 p.m.—Stock Balo (Abraham and Williams). 38 Wesley Road, Wellington. 1.30 p.m.— Furniture sale (Johnston and Co.). TO-MORROW. 157 Lambton Quay, Wellington, 10.30 a.m. Unclaimed cargo sale (Johnston and Co). 141 Manners Street. Wellington, 1.30 pin — Poultry sale (Wheatley and Co.). Levin. 1 p.m.—Stock sale. 157 Larnbton Quay, Wellington, 2 p.m.— Wallpaper sale (Johnston and Co.). 195 Lambton Quay. Wellington, 2.30 p.improperly sale (Harcourt and Co.). Featherston Street. Wellington, 2.30 inm.— Property sale (Bethune and Co.). WEDNESDAY. Tntarariki, Dargaville. 10 a.m.—Machinery sale (Colmore Williams). 35 Ghuznee Street, Wellington. 10.30 a.m.— Sale of lamps, etc. (Vine and Wilson). Masterton. 11 a.m.—Cattle fair (Dalgety and Co.). Johnsonville Yards. 2 p.m.—Stock Mile. Courtenay Place, Wellington. 2 n.m.—Sale of merchandise (Williams and Co.). 105 Customhouse Quay. Wellington, 2.30 n.m.—Property sale (S. G. Nathan and Co.). THE WOOL~MARKET MIXED AUCTION IN LONDON RUMOURED SALE TO GERMANY BY AUSTRALIANS (Rec. November 27, 5.5 p.m.) London, November 2fi. At the mixed wool sale there was a rather quieter tone for merinos, the selection. of which was indifferent. Best sorts were firm, but faulty carbonising lots were irregular and occasionally in buyers’ favour. There was a good Borne and Continental demand for crossbreds, and medium and low qualities continue to show a hardening tendency. "Panikon,” a New Zealand clip which' was sold, made tip to Bjd., averaging GJd. An unconfirmed rumour is current that a contract has been signed in Berlin by an Australian syndicate tp sell 200.000 bales 'to Germany.—Aus.-N.Z. Cable Assn.

FROZEN MEAT LONDON QUOTATIONS. (Rec. November 27, 5.5 p.m.) London, November 26. The following are the latest quota* tions for frozen and chilled meat:— Sheep. Canterbury, light, fid. per lb.; medium,. 5 3-Bd.; heavy, 4’d. Southland, 5 l-Bd. , North Island, s)d. South American, light, 5Jd. Lambs. New Zealand, light, 7Jd.; medium, 7|d. ; heavy, 7d.; second grades, 6?d. Southland, 7 l-Bd. North Island, selected, 7Jd.; ordinary, 63d. Australian, best, 6-Jd.; fair, 5?d.; inferior, 5 l-Bd. Frozen Beef. New Zealand, new hinds, 51d.; eld fores, 3)d.01d hinds, sd. Australian, new crops, 3Jd.; old crops, 31d.; hinds, sd. Argentine hinds, t’d. Uruguayan fores, 3jd. Chilled Beef. Argentine, fores, 51d.; hinds,. BJd. FARMERS AND SHEEPOWNERS MR. W. J. POLSON EXPLAINS. By Telegraph.— Press Association. Dannevirke, November 2G. Mr. W. J. Polson, Dominion president of the New Zealand Farmers’ Union, addressed the Southern Hawke’s Bay Farmers’ Union to-day. He again referred to the deputation from the Farmers’ Union about which there had been so much controversy. After explaining the constitution of the deputation, he said a big proportion of the delegates met and appointed Mr. W. D. Hunt as spokesman. A representative of the Sheepowners’ Federation was present. Mr. Hunt’s proposed speech was read and approved by the delegates, and Mr. Hunt read the same speech to Mr. Massey. Mr. Polson said he was now surprised and astonished to find that Mr. W. 11. Nicholson, secretary to the Sheepowners and Farmers’ Federation, entirely repudiated tho interview, stating tile sheepowners were induced to join the .deputation under a misrepresentation. "The whole question we were to discuss with Mr. Massey was the very vital one of taxation,” said Mr. Polson. “It was the only question which received any attention before we went to Mr. Massey and upon which all were agreed, including the sheepowners’ delegates.” Mr. Polson said the Sheepowners’ Federation represented only a small minority of the sheepowners. and he felt the majority of sheep men were with tihe Farmers’ Union. There was no class in the community that needed a reduction in taxation more than the sheepfarmers. SMITHFIELD MARKET LAST WEEK’S QUOTATIONS. From Our Own Correspondent. Palmerston North, November 27. Messrs. M. A. Eliott, Ltd., have received cable advice from Messrs. Gilbert, Anderson and Co., Ltd., London, of the following Smithfield prices for the week ended November 26Canterbury lamb, under 361 b. 7)d.; 361 b. io 421 b. < pl., 421 b. to 561 b. 7d. Best North Island lamb, under 361 b„ 7Jd.; ordinary, under 361 b., 7d. Canterbury wethers and maiden ewes, 481 b. to 561 b., s'd.; 561 b. to 641 b., not quoted; 641 b. to 721 b., 4Jd. Best North Island wethers and maiden ewes, sGlb., to 611 b., s}d. Ordinary North Island wethers, SBIK to 641 b., 5d.; North Island ewes, 481 b. to 641 b., 4’,d.; New Zealand prime beef (equal fores and hinds), 1601 b. to 2201 b.. 4Jd The foregoing prices are on a delivered basis. DAIRYING IN TARANAKI PHENOMENALLY GOOD RESULTS. From Our Own Correspondent. Hawera, November 26. Dairying in the Taranaki district has proved phenomenally good this season, and warm rain is inducing the growth of grass t% a wonderful extent. This is being reflected in tile output of butter and cheese in the Taranaki province. Apart from the extraordinary development of dairying in Soulli Taranaki, the northern district is contributing very handsomely, to the wealth of lhe province, as dhring the period September 1 to November 23, the produce received at (he Taranaki Producers’ Stores. Moturoa. represents an increase of 1,060,0001 b. of butter-fat, compared with the same period last year. The total in 1920 was 3.931.9851 b., and this year 4,968,5701 b, representing an increase of 26 per cent. Tho amount of butter received represents an increase of 37.000 boxes, while cheese has decreased 12.800 crates in the period referred to. According to tho chief grader at the Moturoa stores, production had fallen off during tho war, and for the three months September to November last year’s figures showed that the output was still under the 1911 level. This year, however, an increase of 14 per cent, over 1914 has been recorded so far. and as there is no further diminution of tho milk flow, a further increase for the season will be very substantial indeed.

LONDON PRODUCE MARKET The Now Zealand Loan and Mercantile Agency Company, Limited, have received tho following cablegram from their London house, under dater November 25: — Butter. —New Zealand, Government, first grade, market firmer (last quotation .£9 18?. to £lO per cwt). Cheese, white £5 Bs. per cwt., coloured .65 4s. per cwt.; market steady. CREAMERY EMPLOYEES A FULL SETTLEMENT. A full settlement was reached to-day in the dispute of the employees at the pasteurising and distributing depots of tho northern creameries (reports , Friday's Auckland “Star”). / The assessors for the employers were Messrs. T. H. Chapman, C. H. HopeJohnstone, and J. Massey, and for the union Messrs. J. P. John, and A. Goldwater. The commissioner, Mr. T. Harle Giles, presided. The hours of work of motor and horse drivers have been reduced from 56 to 52 hours per week, and those for all other workers from 52 to 48 hours. Wages remain the same as in the old award, with the exception that the flat rate has been increased by ss. per -week, and the bonus reduced by an equal amount. The workers have also been allowed a quart of milk each daily. For work done on New Year’s Day, Good Friday, and Christmas Day workers will be paid one half-day’s pay in addition to tfte ordinary week’s wages. _ The other clauses are in accordance with the old award. The award is to come into operation on. November 28, and will remain in force for one year. The commissioner was thanked for assisting to a large extent the satisfactory 'issue reached. COMMERCIAL ITEMS INVESTMENT SHARES. On Saturday a sale of New Zealand Refrigeratingr shares. 10s. paid. at. 15a. lad-* was reported, end a sale of Gear Meat shares at 30s. 9d. was marie on Change. The quotations were as follow — Buyers. Sellers.

CUSTOMS REVENUE. Customs revenue colleefod at. the of Wellington on Saturday totalled £lO6l Bs. 3d. LONDON PRODUCE MARKETS. Australian-New Zealand Cable Association. (lice. November 27, 5.5 p.m.) London, November 26 Cotton.—The Liverpool quotation for American middling unland cotton. December delivery, is 11.39 d. per lb. Rubber.—Fine hard Pa.ra rubber, IMd.: per lb.; plantation, first latex crepe, 10£d.: smoked ribbed sheet. 103 d. Jute.—The market is quiet. Native first marks, November-December shipment. £24 pe’- ton. New Zealand Hemp.—The market- is inactive. October-Decembci- shipment. £36 per ton. Conra.—Prices are steadier owing to inc smaller offerings. South Sea. banged. No-vember-January shipment. £25 ss. per ton. Linseed Oil. £27 10s. per ton. equal to 2s. 2Jd. per gallon. Turpentine. 70s. 6d. per cwt,; equal to ss. 4d. per gallon. PRICES OF METALS. Australian-New Zealand Cable Association. London, November Copper.—On spot. £46 13«. 9d. per ton; forward delivery, £67 16s. 3d. Lead.-On spot. £25 2s. 6d. per ton; forward delivery, £24 10s. Spelter.—On spot, £26 ss. per ton: forward delivery. £26 15s. Tin.—On spot, £l6O 12s. 6d. per ton: forward delivery. £162 12s. 6d. Silver. —Bars, 38Jd. per ounce standard.

£ A. d A s. d 43 n.c. Inscr. Stock. 1539 85 0 9 85 10 0 41 n.c. Inscr. Stock, 1938 85 0 0 43 'n.c. Bonds. 1939 85 0 0 85,10 0 44 p.c. War Bonds, 1938 85 0. 0 53 D.c. War Bonds. 1930 — 90 10 0 5 n-r; P.O. Inscr. Stock, •[<F?7 —- 92 0 0 51 p.c. Inscribed. 1930 ... — 93 0 0 Bank Australasia •— 85 0 0 National Bank 5 14 0 — Bank New South Wales 7, r - 1 * 0 Bank New Zealand 2 8 6 2 9 0 Union Bank . 11 15 6 12 0 0 Union Bank, ne;v issue (first call paid) 4 10 0 4 11 0 Trust and Loan 5 a 6 Well. Gas (£10) 7 17 6 8 10 0 National Insurance —. 2 1S 6 N.Z. Hefrigerating (10s.) 0 15 0 0 15 4 Gear Meat 1 10 0 1 10 9 Meat Exnort —- 3 16 ITudda.rt-Pa.rker (ord.) ... 2 4 0 ?, 4 ° We a f,nort Coni —- 17 3 I.evland-O’Brien Timber 1 10 0 Taringainntu Tctara ... — 17 6 Howard Smith 1 IS 0 •— Kirkcaldio and Stains 0 18 0 Mills —. 12 6 Sharia nd and Co 0 19 6 .—. W'Mrjvrapa. Farmers (pref.) — 0 10 0 1 1 0 Wilson’s Cement 0 15 0