FARM & COMMERCIAL

Dominion, Volume 20, Issue 54, 27 November 1926, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. 34 Tama Road, Lower Ilutt, 1.30 p.m.— Sale of household furniture (EJohnston and Co.) Birdwood Road, Lower Hutt, 2.30 p.m.— Sale of residence (H. E. Leighton). MONDAY. Pahiatua, 11.30 a.m. —Cattle fair. State Coal Depot, Wakefield Street, 1 p.m.—Sale of surplus plant (Laery and Co.. Ltd.). Shannon, 1 p.m.—Stock sale (Abraham and Williams). TUESDAY. Corner Wakefield and Parish Streets, 1.30 p.m.—Sale of building material (E. Johnston and Co.). FARMING INTERESTS LONDON WOOL SALES A POSTPONEMENT. London, November 25. The wool sales were postponed owing to the fog. „ ... Messrs. Dalgety and Co.. Ltd., report having received the following cablegram from their London house, under date November 25:—"No wool sales have been held to-day owing to thick fog.'

BUTTER TRADE MARKED IMPROVEMENT DEMAND GOOD, STOCKS SHORT London, November 25.

There has been a remarkable improvement in the butter trade in the last three days, following the better industrial outlook and reports of dry weather in New South Wales and Queensland, which are likely to reduce shipments. A good demand has sprung up in London and the provinces, and there are also some sales for America and Hie Continent, where there is a shortage. One broker says that he sold more butter on Tuesday, Wednesday, and today than in the previous four months. It is reported that new season’s New Zealand butter was practically cleared at 148 s to 150 s. The control price has been raised from 1565. to 158 s. Danish is firm at 170 s. ■ Australian choicest (salted), is quoted at 1465. to 1485.; exceptional, 1505.; unsalted, 160 s to 1625. Cheese is firm, and New Zealand is bringing 81s. to 85s. PRODUCERS’ LIMITED A NEW COMPANY FOR OTAGO. Dominion Special. Dunedin, November 26. It is common knowledge that as a result of proposals emanating from the Farmers’ Union executive a company has been formed, to be called the Producers; Limited. This step was taken in Dunedin yesterday. Mr. Charles E Pryce is appointed manager and operations ■ are to be commenced as soon as the necessary buildings are acquired. Details are so far not given out for publication, but everybody knows that the scheme is claimed to embody pro. posals that are of considerable importance to the general public of Otago. NELSON A. AND P. SHOW ALL CLASSIS WELL FILLED. Dominion Special. Nelson, November 26. The Nelson A. and P. Show opened at Richmond Park to-day, and will conclude to-morrow. All classes were well filled, especially cattle, which was oue of the main features of the show, Jersey breed predominating. . , , Romney Marsh and Corriedalo were the biggest class in the sheep, with competition keen in the fat section. Mr. T. Newman was very suose-saful, showing some particularly good stuff. Pigs were a small section, mostly Berkshires. There was keen competition for the best litter, the judge <Mr. N. P. Nielson Palmerston North), remarking that none better could be seen anywhere First prize was awarded to Mr. Beuben Bird. There were good entries for the horses, which will be judged to-morrow. Mr. H. S. Kyle, M.P. (Christchurch), and Mr. W. H. Booth (Carterton) judged the cattle, and Mr. J. Webb (Taihape) and Mr. Neilson the sheep. WHOLESALE PRODUCE PRICES Messrs. Laery and Co., Ltd., report wholesale values as follow:—Mixed fowl feed. 5-sack lots or over 6s. 6d., lesser lots 6s. 9d. bushel: linseed meal, 165.; linseed nuts, 14s. 1001 b. bag; linseed, whole, 20s. 6d.; oyster shell grit, 5-sack lots or over 55., lesser lots ss. 6d. ICOIb.;' pipi shell grit, 5-sack lots or over 55., lesser lots ss. 6d. 1001 b.; oats, machine dressed seed Algerians 6s. 3d., 6s. 6d., Duns 6s. 3d., seed Gartons ss. 2d., feed, 10-eaok lots 4s. 4d., lesser lots 4s. 6d., crushed ss. 6d., black oats 6s. fid. bushel, sacks in; Algerians 4s. 10d., Gartons 55.; shelled oats for chicks, 6s. 3d bushel; South African maize, whole 7s. 3d., crushed 7s. 9d bushel: barley, feed ss. 6d.; wheat, Australian milling, 7s. 9d„ sacks in; wheatmeal, feed, ton lots, £l6; undergrade Gartons, for nig feed 3s. lid. bushel, in 10-sack lots; rye corn, 10-sack lots or over 6s. 7d., lesser lots 6s. 9d. bushel; rye corn, for pig feed, ss. bushei; butter, prime farmers separator, lid. lb., dairy bulk and pats, lid. to Is. lb.; turkeys. Is. 2d. to Is. 3d. ib.; eggs, first grade new laid 2s. Id. to 2s. 2d. dozen, storekeepers 25.; ducks, runner young, 10s. to 12s„ large whites 14s. to 15s„ old 9s. pair; fowls, white Leghorns 6s. to Bs., black Orpingtons and similar heavy verieties, 10a to 125.; fungus. New Zealand. 9d. to lOd. lb.; roosters, white Leghorns. Bs. to 9s. pair; dressed pork, 60’s to 90s. Bd. to 9d. lb.; sucking pigs, BJd. to 9Jd. lb.; honey (discoloured:, in 601 b. tins sd. lb.; farro food, half-ton lots or over £lO, lesser lots tOs. 9d.; sucrosine. half-ton lots or over £l2 tOs., lesser lots 135.; feed peas and beans. 7a. 3d bushel, sacks in; rock salt, 6s. bag; molasses, iu casks 40s. each, in cases Bs. 6d.; Bien heim chaff, ton lots, prime £lO 15s„ good heavy £9 ss. to £lO ton, sacks in; mutton birds, in kits, cooked and salted, lid bird: basic slag, £5 ton; Chinese peanuts in shell, sack lots, 4id. lb.; Java shelled peanuts, saek lots, 4id. lb.; superphosphates, £5 16s. ton t.o.r. New Plymouth less discounts; bran, half-ton lots or over £9 ton, lesser lots 9s. 6d. cwt; pollard, half-ton lots or over £ll ton, lesser lots Ils. 6d. cwt.- chick raiser, coarse, 21s 1001 b. bag; pigmeal. £ll 15s. ton for ton lots, lesser lots 10a. 1001 b.; poultry spice cases containing about 40 packets £3 10s’ case, lesser lots 2s. fid. packet: black leaf 40 spray. 21b. tins 135., 101 b. tins 60s each net; potatoes, Dakotas, ton lots Canterbury-grown, £5 10s. to £5 15s. tonseed potatoes. Arran Chief £6 10s„ Gamel keepers £7 65.. Red Dakotas £8 ton. al] South Island-grown; potatoes for pigs or poultry, 4s. sack: new potatoes, 13s. to 15s. cwt. DAIRY PRODUCE MARKET Messrs. Dalgety and Co., Ltd., report having received the following cablegram from their London house,. under date November 25 (last week's quotations in parentheses) :— Butter.—Market firm. Control prices new season’s finest. 1585.; first grade, 1565.: last season’s stored, 1445. to 1485.; Danish, 170 s. (170 a. Australian finest salted, 148 s. to 150 s. (138 s. to 1445.); unsalted. t62s. HfiOs.). Cheese.—Market quiet. Control prices new season's finest white and coloured. 855.: first grade. 845.; Canadian, 82s. to 88s. (82s. to 865.1.

feilding stock sale all-round rise for sheer. BY TELEGBAPII.—PRESS ASSOCIATION. Feilding, Novembei 26. At tho Feilding stock sale a small yarding oi sheep were sold at an allround rise ot Is. per head on last week’s prices. Shorn lat ewes, 14s. to 235. 2d.; shorn fat wethers, m.a. woolly hoggets, 225. 9d.; shorn hoggets, 20s. Is.: snorn two-tooth wethers, us. to 19s. 3d. There was a very small yarding, but a lair sale for beet yarded, which sola at increased prices of from 30s, to 40s. a hoad. There were practically no store cattle yarded. Springing cows sold at £6; ditto heifers, £3 10s. to £4 155.; Jersey heifers in milk, £6 10s.; empty Hereford cows, £3 155.; good lat heifers, £0 2s. 6d. to £9 165.; lighter fat cows, £□ 10s. to £7 15s. HIDE AND SKIN SALES BROKEBS’ REPORTS. Tho fortnightly sales of sheepskins, hides and tallow were ueld yesterday by tile various orokers. A iair-sizeu cata* logue of all grades was submitted, to a representative attendance oi buyers. Prices generally ior dry sheepskins were on a par with late quotations, balties, il anything, were sligntly easier. Tnere was a uriu mirket lor au descriptions cl hides and values lor neavies, mediums, and light weights ruled firm. Kip and yearlings were Keenly competed lor at late rates. Calfskins were weaker, and may be quoted at id. to id. per lb. lower than previous rates. 'There was a good demaud tor snipping lots of tallow, prices being uncnaiiged. The following is the range of prices:— Sheepskins.—Half bred. 13id.; fine crossbred, lid. to 13id.; medium-coarse crossbred. 9jd. to lljd.; short half-wools. 7d. to 9Jd.; lambs, Bd. to 12d.; dead and damaged crossbred, 7d. to 9d.; inferior and badly damaged, 2d. to 7d.; pelts, 4jd. to 9d.; damp, salted aud green, 6s. 6d. to Ils. 9d.; pelts, salted. 2s. Id. to 3s. 9d.; lambs, salted, 2s. fid. to 3s. Hides.—Ox. extra heavy. 701 b. and over, 73d. to IOJd.; ox. heavy. 591 b. to 691 b., 7,|d. to Bgd.; ox, medium, 531 b. to 581 b., 7id. to 7jd.; ox, light, 451 b to 521 b., 6Jd. to 6Sd.; cut. slippy and inferior, 4Jd. to 4jd.; cow. heavy, 531 b. and over, fid. to 63d.; cow, medium, 451 b. to 521 b. s§d. to 6jd.; cow light. 331 b. to 441 b. 6d. to 63d.: cut, slippy and inferior, 4Jd. to 5Jd.; bull stag. 3Jd.; yearlings, 'lib. to 161 b., 6)d. to 6d.; yearlings, 171 b. to 321 b.. 6)d. to Bd.; calf, superior, up to -01 b., not quoted; calf, medium-good, up to 101 b., 9»d. to lli-i.; calf, damaged, up to 101 b„ 2d. to 9)d. Tallow.—ln casks, 295. to 325.; in tins, etc., 16s. to 295. Sundries—Horse hair, 18d.; cow tails, 13d. MOISTURE IN BUTTER DAIRY COMPANY FINED Dominion Special. Dunedin, November 26. At tho Magistrate’s Court on Friday last the Waitaki Dairy Company was lined £5 Is. and costs for selling butter containing more than 16 po> cent, of water, the second charge against the samo firm being adjourned until to-day in order to ascertain whether defendants wished to appeal. There was no appearance of the company's solicitor when tho case was called this morning, and the Magistrate (Mr. H. W. Bundle) entered a conviction, ordering the defendants to pay 7s. Courts costs. 10s. Gd. analyst’s fee, £3 3s. solicitor’s fee, and Is. 9d. cost of sample. FROZEN MEAT MARKET Messrs. Dalgety and Co.. Ltd., report having received the following cablegram from their Loudon house, under date November 25:— Lamb.-Now Zealand prime crossbred lamb: Canterbury, heavy 71d., light 93d; . North Island, heavy 7d., light 91d.; market, any changes in favour of buyers; demand poor. Mutton.—New Zealand prime crossbred mutton: Canterbury, heavy sid.. light 63d.-, North Island, heavy 6d., light sjd.; market weak, demand runs principally on light weights. . Beef—New Zealand ox beef: Hinds. 4}d.; fores. 31: market firm, demand better owing to cold weather. Australian Frozen Meat.—Good average quality crossbred lamb: Light. 9d.; medium. Bd.: heavy, fijd.; market tending downwards, demand moderate. Good average quality crossbred mutton ■ Light, 4d.; heavy. 33d.; market weak, and looks like going lower, demand poor. Pork.—Quotations for spot with the exception of 801 b. carcasses. decidedly weaker. Quotations: Average for 1051 b. carcasses, 10jd.; baconers, BJd. Messrs. M. A. Eliott, Ltd., Palmerston North, have received cabled advice from their London agents of tho following Smithfield prices for the week ending November 26. These prices aie on the "delivered” basis, that is, including storage charges cartage, etc. Best North Island prime lambs: Under 361 b., 93d.: 361 b. to 421 b., Bid.; 421 b. to 501 b., 63d. Ordinary North Island lambs: Under 42 lb.. 83d.; second quality. under 421 b., 83d. Best North Island wethers and/or maiden ewes: 481 b. to 561 b.. 6d.; 561 b. to 641 b.. 6d.; 64!b. to 721 b.. fjd.; over 721 b., 5Jd. Ordinary North Island wethers and/ or maiden ewes: 481 b. to 561 b.. 53d.; 561 b. to 641 b., 53d.-, 641 b to 721 b., 6id.; over 721 b.. 5Jd. North Island -wes: Under 64 Ib., 33d.; 641 b. to 721 b.. 3gd.; over 721 b., 33d. New Zealand nrime ox beef (equal fores and hinds): 1601 b. to 2201 b.. 4Jd. MT. LYELL MINING CO. During the year ended September 30 last the Mount Lyell Mining and Railway Company made a gross profit of £212,735. and the net profit was £171,861, which contrasts with £174,605 in the previous year. During the year the price of copper declined steadily until the price now stands at about £5B per ton, and the fact that the net profit approximates to that of the preceding year indicates that a substantial income was obtained from the superphosphate side of tho business. A sum of £15,567 was allowed for prospecting and development, as against £11,273 iu the previous year; £33,524 was written off for depreciation of tuiue plant, etc., against £31,314; £4-060 was added to the superannuation and group insurance fund and £lO,lll was provided for taxation. Including the dividend and bonus of Is. 3d. per share as payable in December, the distribution out of profits for the term is 2s. 3d. a share. Liquid assets amounting to £1,140,486 include metals and middle products on hand £197,585; sundry debtors £363,477; stocks on hand £373.182; and bonds, deposits and cash with bankers 206,242. Liabilities aggregate £156,756. the surplus of liquid assets amounting to £983.730. Capital remains at £1.289,195, but the reserve has been reduced to £711,489. to allow of £200,000 being written off mine properties, leases, etc. Sundry creditors at £116,757 are £9700 more than a year ago. The share holdings have dropped from £168,905 to £107,777, and sundry debtors have risen from £240.487 to £363.477. Cash with bankers has been reduced from £86,747 to '