FARMING & COMMERCIAL

Dominion, Volume 15, Issue 70, 15 December 1921, Page 10

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FOPTUCOMINC FIXTURES. TO-DAY. Show Grounds, Palmerston North. 1 p.m. —Kale of Romney Marsh rams (I*. Budd). 157 Lambton Quay. Wellington, 1.30 p.m.— Bale of gramophone# and typewriters CJohnston and Co.). William Street, Wudestown, 2 p.m.—Furniture sale (Vine and Wilson). 195 Lambton Quay, Wellington. 2.38 p.m.— Property sale (Harcourt and Co.). Featherston Street. Wellington. 2.39 p.m. —Property sale (Bethune and Co.) TO-MORROW. 172 Queen’s Drive, Lyall Bay. 10.30 a.m. Furniture sale (Vine and Wilson). 157 Lambton Quay. Wellington. 10.30 a.m.— Sale of porcelain baths (Johnston and Co.). Dominion Avenue. Wellington. 1.30 pm. Sale of motor truck and furniture (Vine and Wilson). 141 Manners Street. Wellington. 1.30 p.m.— Poultry sale (Wheatley and Co.). MASTERTON A. & P; ASSOCIATION By Telegraph—Special Correspondent. Masterton, December 14. At a special meeting of the Masterton A. and P. Association to-day it was resolved to borrow Jl5OO for five years at 9 per cent., reducible io 7 per cent., for the purpose of repaying the existing bank overdraft. It was also decided to renew the first mortgage of .£4OOO on the Solway property for five years at 9 per cent., reducible to 7 per cent. A meeting of the general committee followed, a report of the proceedings as under being supplied for publication by the secretary. Mr. D. Caselberg moved that the resolution passed on October 12, excluding the Press from meetings of the general committee, be rescinded. After considerable discussion the mo.ion was defeated. Correspondence was received from the Prime Minister concerning economy and retrenchment in the Public Service. A good deal had already been done in this direction, he said, but still further economies would be effected before the session ended. The superintendent of experiments! farms advised the association that owing to the policy of economy’ he would be unable to exhibit at the show next year. The secretary of the Council of Agriculture wrote, asking for suggestions concerning the proposed revision of the judges’ list. —The matter was referred to the Judges’ Selection Committee. The council ,also advised that steps were being taken to form a royal agricultural society, membership of which would be open to breeders on payment of J2 2s. per annum. It was reported that a silver cup had been donated by Mrs. T. C. Morris for competition among children exhibiting bantams in the poultry section. Committees were formed to canvass for prize money. Three new members were elected. BURNSIDE STOCK MA RKET VALUES EASIER IN MOST DEPARTMENTS. By Telegraph—Press Association. Dunedin, December 14. ■ Each department of fat stock was well supplied at Burnside to-day. Last week’s advance in prices for sheep was not maintained, while values for lambs, pigs, and fat cattle were also easier, being in striking contrast to the prices which ruled at the corresponding sale a year ago. Fat Cattle.—A large yarding of 231 head of medium quality. The market opened on a par with last week’s rates but fell away towards the finish, prices declining by 10s. to 15s. per head. Prime ox beef was worth on the average 245. per 1001 b.; medium quality, 21s. to 23b. ; and cow beef, a good (leal less. Extra prime bullocks realised to> Jl4 10s.; prime, Jill 10s. to JEI3 10s.; medium, to J 10; light, J 5 10s. upwards; heifers, to J 6 10s.; cows, Jt to J 5. Sheep.—A large yarding, numbering 3124 head, the bulk of which was shorn. There was an increased number of ewes of mixed quality. The wethers offered were good on the whole, several pens being extra prime. Competition was not brisk, and the demand for inferior qualitv was particularly slack. Other sorts "showed a reduction of 2s Gd. per head as compared with last week’s rates. Prime medium-weight wethers were worth 3Jd. per lb., heavy-weights a fraction less, and ewes under 3d. Extra prime heavy-weight shorn wethers, from 24s 9d. to 275. 6d.; prime, 19s. to 225. 9d.; medium, 16s. 6d. to 18s. Cd.; lighter kinds, from 14b. upwards; shorn dwes, Ils to 18s. 3d.; woolly wethers, 16s. to 225.; woolly ewes, from 12s. Gd. to 20s. Spring Lambs—An extra large yarding, numbering 1011 head. In consequence of the large supply, the demand was below last week’s level. A good proportion of the yarding consisted of lambs of small Size, while only a small number of pens contained animals in the pink of condition. The prices realised ranged from 9s. Gd. to 18s. 9d., the bulk of the entry being sold at about 12s. Values receded by 2s. to 3s. per head, prime lainlis being worth about •12(1. per lb. . . Prime Cattle.—A good yarding of mixed quality was offered. The bulk of the yarding comprised young and backward cattle There were very few' buyers, and it was difficult to effect sales even at the low rates ruling. Pigs.—An extra large yarding, all classes lieing well represented. The sale lacked buoyancy, especially in respect to large pigs, which suffered a reduction of 10s. per head, as compared with last week’s rates. Porkers did rot suffer to the same extent. Prime baconers realised from Gd. to 63d. per lb., and prime porkers from 7jd. to ud. per lb. ADDINGTON STOCK SALE RECOVERY IN FAT LAMB VALUES. Hr Telwreeh-Frees Association. Christchurch, December 14. A notable feature of the Addington market to-day wiw a substantial recovery in fat lamb values. Last week there was an over-supply and prices touched tho lowest point for a number of years. To-clay brought a very small yard inj;, due in a measure to the freezing works opening on December 19, and values jumped up about Bs. per tad. Mutton was slightly dearer, but beef sihowed a further weakening. Store Sheep.—A bigger yarding and a slightly healthier sale, although there was no advance in values. Good -.-tooth wethers realised 7s. 6d. to Rs. 4d.: ordinary ss. 3d. io Gs. 4d.; cull. 3s. 10(1. to 4s ■’ 2 and 4-tooth wethers, 6s. 9d. to Bs. Id’.’; woolly wetlhor hoggets, Bs.; forward 4 and O-tooth wethers. 10s. Id. to 1-s. Id.; ordinary. Bs. 8(1. to 9s. Id ; 2-toot.h ewes. 10s. 5d.; aged ewes and lambs, 3s. (all counted); sound and failing-mouthed ewes and lambs, 6s. Gd. (all counted). Fat Sheep.—A small yarding with a small proportion of prime wethers. For these there was an advance of Is. Gd. per head, and medium quality was practically tho same. Extra prime ivethers realised 22a. 9(1.; prime, 18s. 9(1. to -Is. Gd.; medium, 15s. 9d. .to 18s. 3d.; lighter, 12s. to 15s. 6d.; extra prime ewes, 17s. 7d. to 19s. 3d.; prime, 15s. 1® 17s. 3d.; medium, 11s. 9d. to 14s. 9d.; light and inferior, 6s 9d. to 11s. 3d. Fat Lambs.—76o were penned, compared with 2230 last week. There was an active demand by butchers and most of the lamb sold at from sjd. to GJd. per lb. Extra prims lambs realised 255. to 315.; prime, 20s. 6d. to 245. Gd.; medium, 17s. to 205.; light and inferior, 12s. 9d. to 16s. 9d. Fat Cattle.—A big yarding of 363 head. There was a further decline in prices, and prime beef sold at from 27«. Gd. to

"Os. per 1001 b.; secondary, 225. 6d. to 255. Cow beef was unsaleable. Extra prime steers realised .£l4 12s. 6d. to Jl6; prime, <£lo ss. to JI" 55.; medium, J 7 10s. to <£10; lighter steers, J 5 to J 7 55.; prime heifers, .87 2s. Gd. to J 8 17s. 6d.; ordinary, J 4 10s, to J 7; prime cows, J 5 7s. 6<l. to .88 7s. 6d.; ordinary cows, J 3 to J 5 ss. Vealcrs.—Runners, .£5 10s.; good vcalers, „83 2s. Gd.; medium, J2 10s.; good calves, -81 to .81 165.; small calves, ss. to 15s. Store Cattle.—A largo yarding and a fairly good demand. Three-year-old steers realised J 3 10s. to .84 55.; two-year-olds, e£2 10s. 1o J2 18s. fid.; yearlings, JI ss. to .81 155.;/ two-year heifers. .84 10s.; yearlings, JI IDs. to .82; fair cows, .82 to J 3; medium and inferior cows, 15s. to JI. 55.; good bulls, J 4, 55.; inferior bulls, to J 3. Dairy Cattle. —Extra good fourth culvers, Jl2 to J 18; second and third culvers, sound -and close to calving, J 6 to <£10; springing heifers, J 5 to J 9 10s.; aged and inferior cows, JI to JI 12s. Fat Pigs.—A large entry and a. moderate demand. Prices were on a par with last week’s. Choppers, J2 to J 4 75.; light baconers, J 3 6s. to J 3 10s.: heavy, J 3 17s. Gd. to J-l ss. (average price per lb., 54d. to Gid.); light porkers. J2 6s. to J2 12s. 6d.; heavy, J2 15s. to J 3 ss. (average price per lb., 6sd. to Bd.). Store Pigs.—medium stores, J 3 to J 3 75.; small. 225. to 295.; weaners, 7s. to 9s. JOHNSONVILLE FAT STOCK SALE Messrs. Abraham and Williams, Limited, and Wright, Stephenson, and Co., Limited, report on their Johnsonville fat stock sale held yesterday:— An average yarding of stock met with a good sale at prices slightly below last week’s quotations, and vendors must bo resigned to sell their stock at prices slightly in advance of the freezing companies’ quotations. The quality of the lambs yarded was good, but prices were disappointing. Sheep sold well, and well finished beef met with a good demand. Runners and vealers sold well. Quotations :— Beef—Best ox, J 8 7s. 6d., J 8 10s„ J 9, to J 9 10s.; lighter ox, J 7, J 7 55., J 7 10s.. to .88: best. cows. J 4 55., J 4 10s., to J 4 155.; lighter cows. J 4; unfinished, 375. Gd. to J2 10s.; runners, J 3 35.; vealers 155., 175., 18s., to 20s. Mutton.—Best wethers, 125., 12s. Id., 12s. 7d„ 13s. 3d., 13s. 5d., 13s. 6d„ to 13s. 7s • others, 11s. Id. to Ils. 9d.; ewes, Bs’ 3d., Bs. 6d„ co 9s. Gd.; best lambs, 13s 1d„ 13s. 2d., 13s. 3d.. 13s. 5d., 13s. l3s. 9d., to 14s. Id.; lighter, Ils. 3d. to Us. 6d. SOUTHLAND SHOW By Telerrarh—Vro a e Invercargill, December 14 The Southland Show concluded to-day, in fine weather, and with a largo attendance. Championship awards m the horse section were;—Draughts: Stallion, (R. Kennedy; mare, W. Blake. Thoroughbreds: Entire.. Frank Donovan; marc, Angus Campbell. THE COST OF SHEARING In our report of the wool sal ® s terday tlje statement was made that the reduction in shipping freights, equal approximately to 12s. Gd. a bale, was sufficient to cover the cost of shearing. 1 his obviously was incorrect. 'I he total cost of shearing amounts to over J’- a bale. COMMERCIAL ITEMS investment shakes. a Mlle of Bank of New Zealand shares at was reported yesterday, and a sale of Wairarapa Farmera DT-cfeT-ence Rharee at 15s- was made on Change. Ihe quo tetions were as follow: gpl)cra _

CUSTOMS REVENUE. Customs revenue collected at the nnrt of Wellington yesterday totalled 19s. 6d. STOCK EXCHANGE. By Telegraph —Press Association. Auckland, December 14. Sales- New Zealand Inscribed Stock. 1929. £9l 55.; Bank of New Zealand 475. 9d 48s ; New Zealand Insurance, 285.: kaiapot Woollen. 255.; Sugar (Australia). £2B; New Zealand Refrigerating (paid up). 295. 6d.; Grand Junction, Bs. < Dunedin, December 14. Sales: Huddart-Parker, 425. (two). EXCHANGE ON NEW YORK.'• Mr. Harold Beauchamp, chairman of the Bank of New Zealand, advises that a cable message has been received stating that the sterling exchange on New York is now 4 2P. on the £l. In Mr. Beauchamp b opinion this satisfactory adjustment is attributable to the bright aspect, of the Irish question and ths progress made at the Washington Conference. LONDON STOCK EXCHANGE. Australian-New Zealand Gable Association. (Rec. December 14. 7.15 p.m.) London, December 13. Bank of Australasia, £8 shares. £lO 17s. 6d.; National Bank of New Zealand, £5 165.; New Zealand Loan and Mercantile Agency Co., £59 10e., £B2. PRICES OF METALS. (Roc. December 14. 9.40 p.m.) London, December 13. Copper.—On spot, £66 13< 9d. per ton; forward delivery. £67 13s. 9d. Lead.—On spot, £25 IDs. per ton; forward delivery, £24 15s. Spelter.—Ou epot. £26 12s 6d. per ton; forward delivery, £26 18s. 9d Tin.—On spot, £169 17s. 6d. per ton; forward delivery, £l7l 12«. 6d. Silver.—Bars. 341 d. per ounce stnadard. SULPHIDE CORPORATION. Australian-New Zealand Cable Association. London, December 13. The Sulphide Corporation report, states that the year’s operations at the mine and smelting works resulted in a working profit of £2480; although apart from the profit obtained from the acid and superphosphate plants at Cockle Creek there would have been a substantial loss. Tills profit is augmented mainly by successfully trading in lead nnd interest and profit on investments. The final net result is a profit of £3O, (XW. enabling a dividend to be paid of 5 per cant, on preference shares. MINING NEWS WELLINGTON SHARE MARKET. The following quotation was recorded in the mining market yesterday:— Buyers. Sellers. £ a. d. £ s. d. Waihi - 019 9

£'s. d. £ s. d. 4i p.c. Insc. Stock, 1939 51 p.c. Insc. Stock. 1953 ... H p.c. Bonds, 1938 5? p.c. Bond, 1933 5J p.c. Inscribed. 1930 ... Bank New Zealand 85 7 6 85 12 6 92 2 85 7 92 7 6 6 6 85 12 92 12 93 0 6 6 0 — 2 8 11 17 o Union Bank • Union Bank (new) — 9 5 o Napier Gas -’.ord.) Napier Gas (£5) ' 4 12 6 Well. Gas i.pref.) 0 12 6 Well. Gas debentures ... 101 10 0 National Insurance 2 17 0 New Zealand Insurance 1 8 0 15 Befriperatinic CIOs.) Geer Meat (cum.) 1 10 Meat Exnori (72s. 6d.) ... 3 0 Uuddart-Farker (ord.) ... . 2 2 0 Huddart-Parker (pref.) ... . 0 17 6 — Well. Woollen (pref.) ... . 7 5 0 Westport Coni 1 7 0 28 Id 2 13 Wnipa Coal Colonial .Sugar (Aus.) ... 0 13 9 .—- 1 3 Rharland . 0 19 9 Weirnrapa Farmers — 5 0 Wairarnna Farmers 0 15 6 Ward and Co 1 1 e —