FARMING & COMMERCIAL

Dominion, Volume 15, Issue 56, 30 November 1921, Page 8

FARMING & COMMERCIAL

AUCTION SALES FOPTUCOMINC fixtures. TO-DAY. 157 Lambton Quay, Wellington, 10.30 a.m. —Sale of furniture (Johnston and Co.). 35 Ghuznee Street, Wellington, 10.30 a.m.— Sale of lamps, etc. (Vine and Wilson). Masterton, 11 a.m.—Cattle fair (Dalgety and Co.). 157 Lambton Quay, Wellington. 1.30 p.m.— Sale of instruments (Johnston and Co.). Johnsonville Yards. 2 p.m.—Stock sale. Courtenay Place, Wellington, 2 p.m.—Sale of merchandise (Williams and Co.). Dominion Avenue, Wellington, 2 p.m.— Sale of furniture (Vine and Wilson). 105 Customhouse Quay, Wellington. 2.30 n.m.—Property sale (S. G. Nathan and Co.). TO-MORROW. 31 Jessie Street, Wellington, 1.30 pm — Furniture sale (Butterfield and Co.). 8 Hawkestone Crescent. Wellington. 1.30 p.m.—Furniture sale (Vine and Wilson). BACKBLOCKS CREAM DIFFICULTY OF TRANSPORT RAILWAY DEPARTMENT INVESTIGATING The difficulty experienced by some back-country dairy farmers in getting their cream to the market was mentioned in the House of Representatives by Mr. W. S. Glenn, (Rongitikei) yesterday. The cream was separated on the farms, eaid the member, and was car. ried to the nearest railway station. The reduction of the railway service had increased the difficulties of the men engaged in this form of production. The Minister of Railways (the lion. D. H. Guthrie) said that the Railway Department had been considering this nu tter for some time. The Department recognised the importance of doing everything possible for the men in the back country. It was unfortunate that these men bad to send their cream to the factories less frequently than should on the case, with the result that the cream was not in a condition acceptable to many .of the factories. There were two factories at Wanganui that took any quantity of this cream, and some of the settlers in Taranaki were sending their cream to these factories. It was always acceptable there and they got a rather better price than they would get elsewhere. Some of the other factories had complained' that the Department was carrying cream past their doors, but he believed that the first duty of the Department was to the settlers, who could not always deliver their cream in the condition that was desirable.

With regard to the Rangitikei district,l added the Minister, the dairy companies made their arrangements to get the cream. They had made arrangements with the Railway Department, or had approached the Department, with a view to getting the cream conveyed nt certain times. The Department had tried to meet the wishes of the factories, but the alteration in the railway service had .caused some difficulties to arise. The railway officers wore doing all that they could to right matters, and some inquiries were now being made. WAIKATO MARKETS CONDITIONS REVIEWED, The Farmers' Co-operative Auitioneering Co., Limited, reports:— Beef.—ln all markets beef has continued to decline, and in consequence exporters have commenced operations in a ifnwll way. Provided no drop takes place in the export branch it may be assumed that local values will not fall far below the present level Mutton has been fairly steady with downward tendency. Local . values are still well ahead of export quotations. Lamb raisers are in hopes of an advance in that article, and until more information is available little business may be expected. Prices for lamb further south seem to be somewhat in advance of the offers mnde here so far. , Store Cattle. —There is no alteration to report, the market being still in a stagnant condition. The yardings are beginning to fall off 'again, and possibly a period of short supplies may lead to improvement. ; Store Sheep.—Only a limited amount of business is being done in this class, inquirers i?. general being very halfhearted. The demand chiefly is for two-tooth wethers. The export outlook is not calculated to encourage great speculation. Dairy Cattle.—The demand is still sufficient to absorb cows and heifers at profit. Backward sorts are not required. Pigs.—There has been a steady decline in all classes of fat pigs, especially heavy baconcrs, due largely no doubt to the big supplies on hand. Smaller pigs though affected have not suffered io the same extent. Horses. —The demand still continues weak, with little prospect of improvement for the present. We quote as follows: — Bullocks, heavy, prime, £7 to .£8 10s'.; medium, £6 to £7-, cows, heavy. £5 to £5 10s.; medium, £3 10s. to £i 10s.; cows, forward, £1 15s. to £2 10s.; steers, 4-year, best, £4 10s. to £5; 3-year, best, £3 to £3 10s.; 2-year, best, £2 to .£2 10s.; heifers, 2-year, empty, £3 15s. to £5; cows, stores, <£l to £1 10s.; dairy cows, best, £l4 to £l7; dairy heifers, £9 to £l2: steers, yearling, best, £1 2s. 6d. to £1 10s.; steers,"yearling, medium. 15s. to £1; heifers, yearling, best, £2 10s. to £3 10s.; heifers, yearling, medium. £1 15s. to £2 55.; ewcS, with lambs by Romney rams, 12s. to 155.; ewes, with lambs by Southdown rams, 20s. to 255. ; wethers, prime, woolly, 17s. to 19s. Gd.; wethers, medium, woolly, 15s. to 16s. Gd.; ewes, prime woolly, 13s. Gd. to 155.; wethers, prime, shorn, 11s. Gd. to 165.; ewes, prime, shorn. 11s. to 13s. 6(1.; wethers, store 4-tooth, shorn, Ils. to 12s. Gd.; wethers, 2-tooih. Bs. Gd. to 95.; pigs, baconers. £3 to £3 12s. 6d.; porkers, £2 to £2 155.; good slips, £1 ss. to £2; weaners, 6s. to 155.; horses. heavy draughts. £3O to £4O;, medium draughts, £25 to £3O; light draughts, £l7 to £2O; harness horses, £9 to £l6; hacks, £6 io £lO.

NEWS AND NOTES

Sheep.—A moderate yarding of fa'r quality, numbering 1567 head. Ths srte opened slack at prices about on a par with late rates, but competition quickte improved as far as handy weights were concerned and prices advanced Is. per head. In the case of heavy-weights, however, there was another decl'ne which ranged from Is. to Is. lid. p-r head. Prime wether mutton was worth up to 3Jd. per lb., and heavy-weights Id. per lb. less. Prime woolly wethers realised from 21s. 6d. to 255. (id.; medium, 19s. to 215.; lighter kinds, from 16s. upwards. Woolly ewes realised from 12s. 9d. to 18s. 9d. per head. Extra prime heavy-weight shorn wethers made up to 235. 3d.; prime, 19s. io :".ls. Gd ; medium. 16s. 3d. io 18s. 3d.; lighter kinds, from 14s. 6d. upwards. Shor-' ewes made from 12s. to 15s. 61. per head. Spring Lambs.—A large yarding <f good quality, numbering 430 head. There was good competition and tlm prion realised were equal to last week's rates. Values ranged from 14s. 6d. to 255. 6,. per head. Prime lamb was worth about 7d. per lb. v Store Cattle.—A small yarding was orfered, the quality and breeding of which were not good. There was a very sleek demand and sales were difficult "o effect. pigs—A medium yarding, all classes being represented. Suckers and smell pigs sold exceptionally well, while taiger pigs realised prices about equal to late rates. Best baconers made from 7d._ to 7Jd. per lb., and best porkers from 7Ja. to Bd. per lb. WOOL MARKET LONDON SALES POSTPONED. London, November 28. The London wool sales have been postponed on account of heavy fog. Bradford tops market is quieter, and quotations are tending in the direction of buyers’ favour. —Aus.-N.Z. Cable Assn. WHOLESALE PRODUCE PRICES Messrs. Laerv and Co., Lid., Wellington, -Tiport wholesale prices as follow:— Ground barley, 4s. 9d. per bushel, sacks in; Cape barley, 4s. sd. per busho ; Chevalier barley, 4s. Bd. Per bushel, sacks in; peas, feed, 6s. Gd. per bushel, sacks in; oats, seed Algerian, farmers, dressed, 3s. lid. per bushel, sacks 111; oats machine-dressed, 4s. lid. per bushel sacks in; oats, feed, Algerians, 3s. 9d. and 4s. per bushel, sacks in; oats, shelled, for chickens, Gs. Gd. per bushel, sacks in; oats, heavy Duns, choice, 4s. 6d. per bushel, sacks in; oats, feed, Gartons, 4s. 4d. per bushel, A Gartons 4s. sd. per bushel, sacks in; crushed oats, 4s. Gd. per bushel, Backs w; rolled oats, for chickens, 21s. per 100 b. bags; hay, meadow, £5 10s. per ton; lucerne, £6 10s. per ion; clover £6 10s. per ton; chaff, oatensheaf. Blenheim, prime, bright, ton lots, £7 10s., sacks in, free on trucks, Wellington, lesser quantities ss. ton extra; ricemeal, £8 10s. per ton; meatm.eal, ior poultry feed, 19s. Gd. per 1001 b.; peameal, £lO 10s. per ton, sacks in; barley meal, ton lota, £9 10s. per ton, sacks in; pigmeal, £8 Ills, per ion; shell grit, choice quality in IflOlb. bags, Gs. 6d. per bag; poultry mash, £ll per ton; linseed ml meal and linseed ml nuts, 14s. per 1001 b.; fowls: hens, ss. to Bs. per pair, heavy roosters, 6s. to 9s. per pain ducks, 10s. to per pair; geese 13s. to 14s. per pair; turkeys, Is. Io Is. . ner lb.- eggs, fresh crates, Is. sd. to Is Gd. per dozen ; chicken-raiser, 21>. per 1001 b. bags; mutton lards: ' rnsn, " nla .'’' in casks. Gid. chcli. New Zealand, in kits, cooked, 7d. each, salted Bd. each: maize, whole. Gs. 4d. per bushel, rushed (ss. 10 d per bushel, sacks in;potatoe - Canterbury, table, ton ofc. Whites 10s. per ton. sacks in, lewr quanhhes 10s. ton extra; new potatoes. 1..,d. to old per lb.; dressed pork, choice. ,<l. to Bd. per pound: fowl wheat, five sack lo s or o ver, 9s. Id.. lesser quantities 9s 3d per bushel, sacks Is. Gd.; mixed' fowl feed, five sack lots or over. Gs. Gd. per bushel, lesser qua',nti,ties Gs J)d. per bushel, sacks in; chicken grit, is. ba„.

COMMERCIAL ITEMS INVESTMENT SHARES A sale <jf Union Bank shares at £ll 17" 6d was made on 'Change yesterdaj. quotations were as follow— Buyers. Sellers.

CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yeeterday totalled £7:54 6s. lid. COAL IN NEW ZEALAND. Private advices received at Newcastle from New Zealand do not indicate any immediate improvement in the Australian coal trade with the Dominion, observes the ■•Sydney Shipping List.” New Zealand is over-supplied, and it is likely to he a Jpng time before any more coal is required. The belated supplies ordered from Wales are now coming to hand, and tho railway yards are "full to overflowing.” The winter has Veen very mild, and domestic coal consumption has been considerably below normal. Business is dull in all parts of the Dominion, and there is strong competition for the little cargo which is offering, particularly in the trans-Paciflo trade. The nrincipal competitors in the transpacific trade are the Canadian Government Mercantile Marine, United States Mercantile Marino, and Japanese companies The cost of operating British tonnage under present awards is such that it is practically impossible to compete in the oversea trade at all. There is very little chance of a revival in the Newoastle-New Zealand coal trade for a considerable time. STOCK EXCHANGE. By Telegraph.—Press Association Auckland, November 29. —War Loan, 1930, £39 155.; War r’L 1938 £BS; Soldiers’ Bonds, £92 7s. 6d • 'New Zealand Inscribed Stock, 1938, CRS 5s • South British Insurance, 345. 9d ; P and O. £300; Kauri Timber, 255. 6d.; Waihi. 215.; Grand Junction, Bs. 7d. LONDON STOCK EXCHANGE. Auntralian-Ndw Zealand Cable Association. London, November 28. British Broken Hill, buyers 21s. 3d., sellers 23s 9(1.; Broken Hill, buyers 26b. 10d„ sellers 28s. 2d.; North Broken Hill, buyers 28s. 9d.. sellers 295. 6d. EXCHANGE RATES Australian-New Zealand Cable Association. London, November 28. Eorelan rates of exchange are quoted as follow:—New York, 3.99 J dollars to £1; Montreal 4.38 dollars; Paris. 57.10 francs; Stockholm, 16.97 kroner; Christiania, 28 03 kroner; Copenhagen, 2.1.67; Berlin, 1097 marks- Calcutta. 161(1. to rupee; HongKong. 312<1- to dollar; Yokohama, 28flcl. to yen. WAREHOUSEMEN’S PROFITS. Australian-New Zealand Cable Association. London, November 28. Messrs. Paterson, Laing, and. Bruce,

warehousemen, after transferrins' £26.000 from the taxation reserve, and £45.0.“0 from the general reserve, have £51.662 divisible, enabling them to -pay a dividend for the year of 7i per cent., and to carry forward £2812. PRICES OF METALS. Australidn-New Zealand Cable Association. (Rec. November 29, 11.30 p.m.) London, November 28 Copper.—On spot, £67 Bs. 9d. per ton; forward delivery, £6B Bs. 9d. Lead.—On spot. 17s. 6d. per ton; forward delivery, £25 ss. Spelter.—On spot. £26 7s. 6d. per ton; forward delivery. 17s. 6d. Tin-On spot, £t"s Ils. 3d. per ton; forward delivery, £l6l 7s. 6d. Silver.—Bars, 37id. per ounce standard. MINING NEWS WELLINGTON SHARE MARKET. The quotations recorded in the mining section yesterday were as under:— Buyer*. Sellers- £ s. d. £ ». <l. Blackwater Mines'- — ? ? S Waihi Grand Junction... -- u s u

« s. 41 n.c. Tnsc. Stock. 19'9 M 0 d 0 £ a. d 85 10 0 4$ p.c. Inec. Stock, 85 0 53, n.c. Tnsc. Stock. 1933 0 85 5 0 92 7 6 a n.c. Tnsc. Stock. 1930 _ — 93 0 0 43 n.c War Bonds. 19.38 85 0 St, n.c. War Bonds. 1930 90 0 0 0 90 10 0 5 n.c. P.O. Bonds. 1927 91 0 0 - Bank Australasia »» » 0 5 14 fl National Bank b 14 th K 0 Bank N.S.W. (c.d.) Bank Now Zealand ~ Well. Gas (£10) ■ • ? » 0 6 2 .9 0 12 1 0 8 10 0 Well Ueben. Stock 101 0 0 New Zealand Insurance 1 <8 Booth British Insurance 1 14 6 1 4 0 N.Z. Refrigerating <£1> — N Z Refrigerating (10s.) — Meat Export (£3 12a,/d.) 3 1 6 Tfuddart-Parker (ord.) ... — Westport Coal Waipa. Coni ........ 0 4 fleyland-O’Brien Timber 1 10 0 Totara Sharland and Co. (ord. and pref) ••••■■ u 6 Wnirarapu Farmers (£5) •• TVn r d nnd Co Wilsbn’8 Cement 0 15 n 0 0 15 9