FARMING & COMMERCIAL

Dominion, Volume 15, Issue 75, 21 December 1921, Page 8

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FOPVUCOMINQ FIXTURES. TO-DAY. 157 Lambton Quay, Wellington, 10.30 a.m. —Furniture sale (Johnston and Co.). Waikanae Yards, 1 p.m—Stock sale. Allen Street, Wellington—Poultry sale (Townsend and Paul). Dominion Avenue, Wellington, 2 p.m.— Furniture sale (Vine and Wilson). 105 Customhouse Quay, Wellington, 2.30 p.m.—Property sale (8. G. Nathan). Featherston Street, Wellington 230 p.m. —Property sale (Bethune and Co.). TO-MORROW. Palmerston Nbrth. 11 a.m.-Property sale (Daigetv and Co.). 17 Lindum Terrace. Wellington 1 p.m — Furniture sale (Johnston and Co.). SURPLUS BUTTER STOCK IMPERIAL AUTHORITIES ASKED TO DEFER SALE. Melbourne, December 20. Negotiations are proceeding between the Federal Ministry and the Imperial authorities regarding the decision of the latter to clear the balance of the Australasian stocks of butter held in England. The object of the negotiations is to prevent n further slump in the market. The Minister of Customs, as the result of consultation with the butter interests, has sent a cable message asking the Imperial authorities to defer the eale of the surplus stocks until early in the New Year, and also asking for further details of the curtailment of shinments dnruig January, J'»>rmiry and March. The movers in the melter ere nlso in touch with the New Zealand producers. —Press A.ssn. WOOL MARKET MORE BUSINESS TN crossbreds AT BRADFORD. (Rec. December 20, 8.55 p.m.) London, December 19. The Bradford wool market is stronger all round, and more business is being done in crossbreds. Quotations for 64 », March delivery, are 45d. per lb. INCREASE IN PRTCFD AT SYDNEY SALKS. (Rec. December 20, 10.25 p.m.) ' Sydney, December 20. Tb. ninth series of wool sales has closed Compared with the November series the rates for fine nnd ed 10 to 12 per cent.; good bellies and Sees increased 10 to 15 per cent rtrong-hairad wools >” cr , MBpt ‘ 12i cent., and pure crossbreds and coinc backs increased 15 per cent.-liess Assn. LONDON PRODUCE MARKET Messrs. A. H. Turnbull anti Co have cheese, first grade colom d. - - t (98s. to 100=.): market nil et N.Z. ; first CTa() e. 150 s. to 15« s. (i ;s o 180 s, hxcentmnallv high grade, 1a8? ’ • ,r,alke weak, irregular. JOHNSONVU I E FAT STOCK SALE Messrs. Abraham and Willianm Ltd. and Wright. Stenhenson. and, Co. Ltd. - nort on their Johnsonville fat stock sa held yesterday, as follow :-"oww to 1 being' Christmas sale, a full yarding o ambs was offered to a good attendance of buyers, and met with n keen < etband at prices in excess of last week. A small yarding of sheep and henf met with a "end demand nt. pri.e»» stmhtlv lower W week. <n.o .e: Tioht'unOnYhel. TO ’2s. fid to P 6 rows. .I'o 12=. fi' . P 4. .Pt I ft s.; '”nn<ms. oo 2f*. ; voqlprfl. 1 r •* no- ”A •>-= fid.: best lambs, its ’d . t-ls. mi "its. 110.. 11=.. *0 15s. o.l.• me. nm. in.’ 11,. Id. Pls. s'l. tn Vs. f ’ : Imlit 11," (Id ; v-ethm',. 12« tn 1° = . I s ' l > ewes, 10s. Id. ; others. S’. B'L to B’. 6d. CAM 'T* ?n r' l * T . TTPMS TVTr-gcm-'.FVT PTTAT>rfS

Yesterday's quotations for investment

CUSTOMS REVENUE. Customs revenue 1 ! r cted nt *bt? port of Wellington yesterday totalled £4761 10s. Bd. STOCK EXCHANGE. By Telccrap'l —Press Association. Auckland, December 20. Sales.—Now Zealand Refrigerating, 295. 3d.; Soldiers’ Loan. £92 7b. 6d. EXCHANGE RATES. Australian-Nev /.(.aland Cable Association. (Rec. December 20. 8.55 p.in.) London, December 19. Foreign rates of exchange are quoted ns follow:—New York, 4.22 dollars to the £1 the highest slme October. 1919; Montreal, 4.53 dollars; Paris. 52 francs; Stockholm. 16.95 kroner; Christiania. 27.0.: kroner: <*-penh;tfT*"i. 20.35 kroner; Berp’l "777 marks; Calcutta. 16d. to rupee; Yokohama, 27£d. to yen; Hong-Kong, 31Jd. to dollar. ADVANCE TN CONSOLS. Australian-New Zealand Cob> Association. (Rec. December 2(1, *.55 p.m.) London, Deccn.u-.i 19. Consols are quoted at £5O 10s (Last Wednesdays quotation was £49 ss.] P. AND 0. SHARES. Australian-New Zealand Cable Association. (Rec. December 20, 8.55 p.m.) London, December 19. P. and 0. Deferred Stock, buyers £290, sellers £3lO. PRICES OF METALS. Australian-New Zealand Cable'Association (Rec. December 20, 10.25 p.m.) London, December 19. Copper.—On spot, £66 16s. 3d. rer ton; forward delivery, £67 16s. 3d. Lead.—On spot, £25 10s. pc.r ton; forward delivery, £24 12s. 6d.. Spelter.—On spot. £27 12s. fid. per ton: forward delivery.- £27 15s. Tln _On spot, .C 172 12s. 6d. per ton; forward' delivery. £174 12s. 6d. Silver.—Bars, 35Jd. per ounce standard. MINING NEWS WELLINGTON SHARE MARKET. The quotations yesterday for mining shares were as under:— Buyers. Sellers. £ s. d. £ a. d. Blackwater 03 0 n , Waihi - 0 19 6 LIVE STOCK SALES Messrs. Abraham and Williams report:— ♦I feilding. on Friday, the inaugural fat stock sale was held in conjunction with the store eale. Stock did not come forward in largo numbers, but the quality oT the yarding on the whole was good, but in most canes over-weights. Freezing

buyera were well represented, but were not operating very keenly, and it it had u.-t LteA for locaf and outside butchers tilings would have been very flat. However. it was a very fair sale, and prob’”!y when stock cornea forward iu larger numbers better competition should prevail. A small yarding of fat cattle met with no ccmnetition. Quotations:—Fat stock: Lambs, 125.; wethers, 10s. 4d., lie to 12s'. Id.; ewes. Bs., Bs. 7d. to 10s. Id.; springing heifers, to £9; springing cows, £6 ss. to £ll ss-; 16-month ri.H. cross hellers. £4 to £4”55.; forward do., £2 to £2 *s.: store cows. £1 to £1 55.; Jersey bulls, 3Jvns, sgns., Signs, to Signs. Messrs. Abraham ana Williams, Ltd.., report:—At Hunterville, cu Tuesday, owing to inclement weather only a small yarding of cattle were offered. We quote:—Fat cows. £3 155.; two-year steers, £2; Hereford bull. £1 Is.; mowing machine, £6 15s. The Waivarapa Farmers' Co-op. Association. Ltd., report as follows concerning the Most.erton cattle fair held on Tuesday : We offered 350 head of cattle, which met with brisk competition from a good attendance. Vendors In all cases met the market, and we were able to effect a total clearance at the following prices: Fouryear bullocks (fair), £3 65., £3 155., to £9; others, £2 135.; two and three-year steers, £2 95.; two-year steers. 275.. AC's.. £1 155., £1 Ils., ts £1 16s-; two-year heifers, £1 4s„ £1 95.. £1 Us, to £1 165.; coloured steers, 10b., £1 75.. £1 Bs., to £1 95.: store cows. £1 ss. to £1 Bs. , „ Ti , Messrs. Wright, Stephenson, and Co., Ltd., report as follows on the Masterton cattle fair held on Tuesday:—To a large attendance of the public we submitted a good entry of well-bred cattle, mainly four-year-old bullocks, for wh)ch competition was keen. Prices for grown cattle in good condition were if anything a little better than at recent sales. We quote:— Four-year Hereford and Shorthorn cross bullocks. £5 ss. to £5 65.; three-year do.. £3 7b. 6d.; two-year do., steers. £2 Us.; twiwear do., heifers. £2 155.; store cows, £1 los.: bulls (potter), £2 ss. Messrs. Levin and Co.. Ltd., Masterton, report on their supplementary cattle fair held in the Colomba Road yards on Tuesday. The yarding was exceptionally good for grown cattle, these being well-bred and in good condition. There were no good lines of well-bred young cattle yarded. Our entry was principally three and four-year bullocks and store cows, and wo quitted every beast at auction, at the following prices:—Four-vear Polled-Angus Shorthorn bullocks, £5 IDs., £5 9b.. £5. £4 75.; threeyear Hereford steers, £3 17s. 6d., £3 155., £3 145.; two and three-year steers, £2 Us.; email twiv-year steers, £1 145.; fat cows, £3 Is.; empty store cowe. £1 15s. to £2 3s. The Farmers’ Co-op. Auctioneering Co., Ltd., report:—At Hamilton on December 1 our yarding of cattle and sheep was smaller than at recent sales, though pice were again strongly represented. Beef was below last week’s rates, making to £7 12s 6d. for best steers; lighter weights, to £5 155.; light-weight cows, to £3 4s. The store cattle generally were rough and inferior sorts, but practically the whole yarding changed hands, values being unchanged. Empty cows made to 3f1».: 2-year steers 325.; 2-year dairy heifers. Holstein, £5 7s 6d.: Shorthorn. £2 15s. to £4; yearling heifers. Jersey-cross, £4 55.: others, £2 to C2 12s. 6d.; small, 30s. to 355. Sheep also declined on last week’s rates, fat woolly wethers making to 16s. 3d.: shorn, to 12s. 44.; woolly ewes, to 10« 3d.; shorn. 8«. Id. to 9h. ±*i£rs were ali"o Bomewhat easier Jn value, baconera mak-t-o £3 6.i.: porkers, 375. to £2 10s.; Mips. 17b. 6d. to £1 7s. 6d.; weaners, 5». to 10b. The New Zealand Loan and Mercantile Agency Co., Ltd., report on their Alfredton cattle fair held on FridayWe offered about 4CO heed. Most of the cattle wer® very backward in condition. Roma of the yearlings, though well bred, were in very poor condition. Buyers were present from several outside and nil but. a few nens were purrhosed 1«m outside huyprq was fair competition, and as vendors were out to meet the market we practically made a to f ul ''loorancp. only two lines anil).? hnine. We eimteFouryear tmll'yk’j. 2°. *d. to £3 135.: threeyear coloured steers. £1 10s. to £2 14a.- twoyear sfpnrq. £i to<i. to £2: forward thron. year heifers. £1 11?.: forward enws. £2: emnty two.yr.qr dair;-’ heifers. £4 55.: yearling steers. 15s. 6d.- heifers, 10s.

allured were as luilow: Buyers. JJ r. d. Sellers, jt, ». a. 4i d c. Inscb. Stock. 1939 85 i 6 — p C. 1’llticb. »Stc.k. 19rf 85 10 0 — 5i p.c. Inscu. oi.A-K, 4$ p.e. Bonus. 193b .. u33 92 I 6 85 1C D.e. buuus. 1W3 92 7 6 5 6 Bank New Zealand 2 7 6 Union Bank (new) 6 17 6 Will. Ga..< (£Ki 8 0 0 Well. O:'i (pref.) ...-.• 0 0 6 — Refrigerating . — 0 15 10 0 Gear Meat Meat Export (£5) • ••• 6d.) 0 0 Meat. fiVport (£3 12a — 3 0 0 Huddart. Parker (ord.) ... 2 2 6 2 3 0 li nddarl-P: ■ rker i p:j' 1 )... 0 17 3 Well. Woollen (prti. ) ... 7 5 0 — Westport Gj.'I . 1 9 Kharland and Co. . (£5) 0 19 9 Wairarana. Farmers —■ 5 0 0 Wairarapa Farmer! (pref.) 6 0 W rd and < - 1 0 Wilson Cement 0 14 5