FARM & COMMERCIAL

Dominion, Volume 21, Issue 113, 10 February 1928, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

I AUCTION SALES 1 ! TO-DAY. I ■ Kimbolton Road, Feilding. 2.30 p.m.— ! Salo of land, ou account Supreme i Court (N.Z. F.D. Co.. Ltd.). 171 Cuba Street, 10.30 a.m.—Sale of building material, etc. (C. W. Price and Co.). 8 Willeston Street. 1 p.m.—Sale of carpets, ollico furniture, etc. (D. Johnston and Co.). Feilding sale. 11.30 a.m, 98 Manners Street, 2 p.m.—Sale of household furniture (Ramsey Wilson and Co.). 108 Cuba Street, 2 p.m.—Sale of household furniture, etc. (Silverstone and Co.). TO-MORROW. 50 Main Road, Trentham, 1.30 p.m — Clearance sale of household furniture, tools, motor-truck, horsse, etc. (If. E. Leighton.) MONDAY. Lambton Quay, 2.30 p.m.—Sale of land, part section 609. with residence (Harcourt and Co.). Pahiatua Ewe Fair, 11.30 a.m. (W.F. C.A., Ltd.). Pahautanui Sale, 1 p.m. FARMING INTERESTS LONDON TALLOW SALES London, February 8. Tallow sales: 619 casks were offered and 292 were sold Fine mutton was very scarce, making extreme prices; other sorts were from par to 6d. decline. Quotations: Mutton, fine, 445. 6d. per cwt.; medium, 365. Beef. fine. 41s. 6d. per cwt.; medium. 36s.—A.P.A. and "Sun." The Rank of New Zealand has received the following advice from its London Office under date February B:—Tallow.— There is a fair demand. Current quotations. Good mutton, 40s. to 40s. 6d. per cwt.: good beef. 38s. 6d. to 395.; good mixed. 38s. 6d. to 395.; gut, 335. 6d. to 355. 6d. Messrs. Dalgety and Co., Ltd. report having received the following cablegram from their London House under date February 8:—Tallow: 619 casks offered, 279 casks sold. Price for best descriptions unchanged. Other descriptions 6d. per cwt. lower.

DANNEVIRKE SHOW ADDITIONAL PRIZEWINNERS Dominion Special Service. Dannevirke, February 9. Further results of the judging of the competitive classes at the Dannevirke Show- are as follow: — PIGS BERKSHIRE. (Judge. Mr. I’. A. MacDonald, Weraroa.) Boar, any age, over two years: O. C. Larsen’s (Umutaoroa), 1 and reserve champion. Ditto, over 12 months and under two years: E. Walls (Hastings) 1 and champion. Ditto, over six mouths ami under 12 months: E. Walls, 1. Ditto, under 6 months: J. Morgan’s (Weraroa) Horowhenua Paddy, 1; J. E. Bradey’s (Mangatera) Kowhai Black Boy. 2. Breeding sow, over 12 months: J. Morgan’s Weraroa Maori Princess 4th, 1 and champion; E. Walls, 2 Ditto, over six months ;iml under 12 months: E. Walls, 1 and 2. Ditto, under six months: E. Wall’s, 1; J. Morgan's, 2. Sow, with litter of not less than six pigs: E. Wall’s 1; J. Morgan’s, 2. Sow. under six months: E. Wall’s, 1 and 2. Any variety, purebred bow. any age: W. Morgan’s, 1. Not necessarily purebred pork pig: O. C. Larsen's, 1 and 2. Bacon pig: E. Wall’s. 1 and 2. Crossbreds—Boar, any age: J. F. Bradey’s. 1. Sow, any age: E. P. Orviss’s (Dannevirke), 1; J. F. Bradey’s, 2. HORSES DRAUGHTS. (Judge, Mr. D. Campbell, Pukehou.) Mare with foal at loot; F. Trelevan's (Waipukurau), 1; W. Marlow (Kiritaki) Bell, 2. Filly, foaled since August, 1925: Jas. McCool’s (Whakaronga) Joan, 1; H. W. Giesen’s Dannevirke) Gipsy, 2. Gelding. foaled since August, 1924: C. J. Smith’s ( Takapau) Prince. 1. Ditto, foaled since August. 1925: A. Coe’s (Dannevirke). Gold Digger, 1. Heavy gelding, or mare ?in harr-ess): 'J. McCool’s Bottv. seme breeder's Pride, 2. Ditto. light: .T. McCool's Milton, 1; E. Trolevan’s Captain, 2. Pair of plough horses: .1. McCool’s Betty and Pride, 1: E. Trelevan’s Kate and Captain, 2. Three-horse team: J. McCool's Betty Pride and Milton, 1. STALLION’S. (Judge, Mr. AVllson, Bulls.) Coaching or trotting stallion, any age: H. Preston's (Masterton), 1. Draught stallion: P. C. Ward’s (Otane) Woodhall Reward, 1. PONIES. (Judge, Mr. 11. Wilson, Bulls.) Pony, mare, or gelding, over 13.2 and under 14.2 hands; G. IT. Perry’s (Masterton) Shaba, 1; Miss G. Guthrlc’es (Havelock North) Digger, 2. Ditto, over 12 and under 13.2 hands: K. Peeble’s iWoolville) Mickey. 1; Miss D. Young’s Palmerston North) Gwennette, 3. Ditto, not exceeding 12 hands: Miss M. Nelson’s iHiistings) Peta, 1; Miss PYoung's Skunkio. 2. SADDLE HORSES. (Judge. Mr. H. Wilsou. Bulls.) Weight-carrying hack, 14st. <-r over: D. H. Newbiggins (Hastings) Aladdin,.!; Miss M. Stead’s Hastings) Gladstone, 2. Medium weight-carrying, 12st. 71b. to 14st. hack, mare, or gelding: i’iss M. S. Martin’s (Martinboroughl Celebration, 1; Miss E. Cameron’s (Masterton) Porangahau, 2. Ditto, list, to 12st. 71b.: G. D. Beatson’s (Hastings) Tarakete, 1; Mrs. T. V. Mortin’s (Hastings) Gentleman Joe. 2. Lightweight hack, up to list.: J. Shaw’s (Newbury) Workman. 1; Mils M. Cameron's Wyoming. 2. Weight-carrying cob: Misses J. and M. Perry’s (Mastsrton) Akitio, 1; O. Nelson’s Hastings). Blue Mean. 2. NEW ZEALAND DAIRY PRODUCE EXCELLENT EXHIBIT AT LEICESTER. London, February 8. The High Commissioner for New Zealand (Sir James Parr) opened the Leicester Grocers’ Exhibition, where New Zealand has an excellent exhibit, coinciding with the Dairy Board's campaign in the district, which is a Danish stronghold. Representatives of the Institute cf Hygienics, speaking at the inaugural luncheon. paid a tribute to the purity of New Zealand produce. Sir James Parr also addressed the Chamber of Commerce. Messrs. Joseph Nathan and Co., Ltd. have received the following cablegram from their London Office, dated February B:—New Zealand Butter 1695. to 1625. per cwt., little more doing; New Zealand cheese 925. to 935. per cwt., dull. \ NEW ZEALAND PORK PLEASES SMITHFIELD EXPERTS. London, February 8. A display of pork from the Agricultural Show at Christchurch highly pleased Smithfield experts, who aftnsidered the quality and butchering first-rate and the meat eminently suitable for British requirements. The only fault was that some of the porkers were rather too heavy. The first prize for norkers was awarded to No. 124. the second to No. 126; for baconers, the first prize to No. 122, second No. 118.—A.P.A. and “Sun.” WHEAT TRADE STAGNANT IN BRITAIN. (Rec. February 9, 9.15 p.m.) London, February 9. Discussing the unsatisfactory condition of the wheat trade, u leading importer said the stagnation was largely due to the quantity afloat from all exporting countries. 8,190,000 quarters, which was SKOOO in excess of the quantity at this time last year when the European requirements were considerably less. Also a large proportion of the grain afloat was not yet sold. In’ these conditions, the millers naturally were holding off until the last moment. PRESERVATIVES IN BUTTER EFFECT OF PROHIBITION IN ENGLAND. (Rec. February 9. 9.15 p.m.) London, February 9. The clashing of trade interests is responsible for the wide divergence of opinion on the effect of the prohibition of preservatives in butter. Traders who have opposed the measure throughout are at present returning to the attack on the grounds that Dominion butters suffer from Continental competition. Well-in-formed and disinterested persons point out that New South Wales and Queensland, by concentrating on . improved pasteurisation, unpreservatised butter are virtually unaffected, but Victoria, which has not made the same effort, finds unpieservatised butter unsatisfactory. It is the opinion in London that any overtures to the Ministry of Health should be made from Australia. SHIPMENTS OF LAMB FROM AUSTRALIA The New Zealand Meat Producers’ Board has just received a cable from its representative in Australia advising that 57.155 carcases of Lamb were exported from Australia for the fortnight ended February 3. 1928. STOCK SALES Messrs. Dalgety and Co., Ltd. report having held a successful sale of stock J at Upper Hutt on February 7. a good yarding of sheep and a medium yarding of cattle coining forward. There were spmc exceptionally good lines of 2-tooth wethers offered, the growth and condition being excellent, and for these keen competition ensued. A fair yarding of lambs is also reported, but the demand for this class of stock was rather dull owing, no doubt, to the continued dry weather. The auctioneers quote as follows:--85 good-conditioned 2-tootli wethers, 235. 7d.; 150 ditto. 235. 3d.; 60 ditto. 235.; 80 ditto. 235. 4d.; 30 dit to, 21s. 6d.: 15 fat wethers. 265.; 60 ditto. 265. 4d.; 20 ditto. 255. 2d.: medium 2-tooth wethers. 20s. to 21s. 9d.: medium M.S. lambs, 14b. to 155.: cull lambs. ss. Id. to Bs. 6d.-. forward bullocks, £8 10s.; fat cows. £4 'o £4 155.; etore cows, £3 ss. to £2 10s.

COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the morning call yesterday a sale of National Bank of Australasia shares at £8 17s. 3d. was reported. This was the only transcation recorded during the day. Government stocks and bonds were steady, with buyers of the 4J per cents, at £97, the of per cents, at £9B 17s. Gd., and the aj per cents, at £lOl. Wellington Racing Club (debentures) were firm at £lO6 10s., and New Zealand Breweries (stocks and bonds) at 225. Od. Bank shares were steady, with bids at 275. 3d. for Commercial Bank (ordinary), 7s. for Commercial Bank (rights), £i 17s. 6d. for English, Scottish, and Australian Bank, CSs. 9d. for Bank of New Zealand, £l4 14s. for Union Bank, £6 19s. for National Bank of New Zealand, and £8 17s. for National Bank of Australasia (£5 paid). Goldsbrough Mort and Co.’s shares were firm at 475. 9d. New Zealand Guarantee Corporation (preference) were wanted at 215., Wellington, Trust, and Loan at £6 12s. (ex-dividend), New Zealand Loan and Mercantile ordinary stock at £93. Auckland Gas shares were in demand at 225,’, and Wellington Gas at Ills. 3d. National Insurance were wanted at 15s. 4d., and New Zealand Insurance at 40s. 3d. (ex-dividend). Wellington Meat Export were firm at 9s. 3d. Muddart-Parker (ordinary) were - wanted at 515., ami preference at 20s. 9d., P. and O. deferred stock (rights) at £25. Waipa Coal shares were linn at 16s. 9d. There were buyers of Kauri Timber at 21s. Gd., New Zealand Breweries at £1 19s. Gd., Tui Co. at £2, British Tobacco at 395. Gd., Colonial Sugar at £55 10s„ Electrolytic Zinc (ordinary )at 315., preference at 325. 3d., Farmers’ Fertiliser at 80s., New Zealand Paper Mills at His., Taranaki Oil at Ils. Gd., Wellington Queen's Theatre nt 20s. Gd., and Wilson’s Cement at 375. 6<l. Yesterday’s buying and selling quotations were as under:—

SALES IN OTHER CENTRES BY TELEGRAPH—PRESS ASSOCIATION.

Auckland, February 9. Sales: Commercial Bank of Australia, 275. 4d.; Bank of New Zealand, 595.; National Insurance, 15s. 2d.; New Zealand Insurance. 4Cs. 9d.; Auckland Gas. 225. 5d.: Auckland Gas (con.). 16s. 3d.; Parker, Lamb. 17s. 6d.; New Zealand Drug, 675. 6d.; Milne and Choyce (deb. stock), 235. 9d.: Ohinemuri, 75.; Mount Eden Borough (1961), 5J per cent.. £101; Inscribed Stock (1933), 53 per cent.. £lOl-; Inscribed Stock (1936). per cent., £t9l 2s. 6d. Christchurch, February 9. Sales. National Insurance, 16s. 6d. .2 parcels); New Zealand Tnsnrnn.-R (ex-div.), 40s. 9d.; Dalgety and Co., £l3 16s. 6d.; Christchurch Gas (7s. 6d. paid). Bs. 7d. (odd lot); British Tobacco, 395. 9d. 395. Bd. (3 parcels). Sales reported: Commercial Bank of Australasia. 275. 5d., 275. 2d. (3 parcels); Union Bank of Australia, £l4 15s. COMPANIES REGISTERED The ‘‘Mercantile Gazette” records the registration of Hie following companies:— Bitumuls (N.Z.). Ltd., registered as a private company with a capital of £5OOO in 5000 shares of £1 each. The subscribers are 11. Mainland, 1000; W. Parkin. 500; W. Hodges, 500; J. W. Andrews, 500; 11. J. Dreyfeldt. 1000; A. P. Whitehead. 500: J. Pears, 509; F. A. King, 500. The objects of the company are to carry on the busmess of importers buyers, sellers, vendors, manufacturers of and dealers in bitumul. tar. pitch and birnumenous or similar substances of all kinds. Co-Operative Furniture Manufacturing Company. Ltd., a private company with a capital of £6OOO in £1 shares. The subscribers are V. Kirkbeck. 3000; L. L. Goetzlof. 2000, H. A. Cromie, 1000. The objects of the company are to carry on the business of household furniture manufacturers and shop and office fitters. A Nelson company is the Majestic Company (Nelson). Ltd., with a capital of £20.000 in .£1 shares. The subscribers are 11. B. Duncan. 500; N. M. Moncrieff. 500; S. A. Gibbs. 500; C. R. Duke. 5; J. E. Allan, 1; A. Allan. 1; 11. Hayward. 1. The company is to carry into effect an agreement dated November 9. 1927. for purchase of ’and and buildings in the city of Nelson, to erect and equip a theatre thereon and lease same. NEW SHARE ISSUE Tie Commercial Bank of Australia, Ltd. is the first of the banks to issue new shares this year. The bank is issuing 500,000 ordinary shares of 10s. eacli at the premium of 10s. to shareholders in the proportion of one new share to every six now held. Application for new shares must be made by February 29. when ss. a share is payable. A further ss. is payable on May 31. ss. on August 31. and ss. a share on November 30. Interest at 6 per cent, per annum will bo allowed on all payments, other than application money, made betorc their due dates. The new issue will participate in all dividends which may hereafter be declared on the ordinary shares in proportion to the amount of capital from time to time due and paid on the shares. With the new issue, the balance of ordinary shares of 10s. each remaining unissued will be 48.045 shares. CALCUTTA TEA GALES. (Rec. February 9, 8.30 pm.) Calcutta, February 8. At the tea sales there was less inquiry, excent for well-made leaf teas which were in demand. Clean common sorts ruled about steady; all other descriptions declined three to six pies. Dusts were a shade easier This will probably be the last sale of the season. Average prices: Common pelcoe souchong, 12 annas to 12 annas 6 pies: clean common broken pekoe souchong. 12 annas 3 pics to 12 annas 6 uies: even black leal pekoe. 14 annas 6 pies to 14 annas 9 pies. CHICAGO WHEAT QUOTATIONS. Chicago, February 8. Wheat futures: March. 1 dollar 29J cents per bushel: May. 1 dollar 291 cents; July. 1 dollar 278 cents. CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington yesterday totalled

HIGHER STOCK PRICES

WAINGAWA KEEPS UP VALUES. That tlie prosperity of both the farming community and town-residents is immensely benefited by the operations of the Waingawa Works is a fact too often overlooked. Competition amongst buyers stimulates prices and creates better results for producers. In addition, the presence of a freezing works in this important sheepproducing district means that the killing can be done as quickly as possible after the stock leaves the paddock.. This is an important factor in maintaining that high quality for which Wairarapa mutton and lamb are famous. Without Waingawa, all stock would have to be railed to Wellington or elsewhere, with risk of damage, wastage, and hold-up. Moreover, Waingawa is a direct economic benefit to the district, for an average of over £50,000 was paid out by the works during the past four years. Fanners who think about these important points will quickly, realise how important it is to send their stock to Waingawa, and do all in their power to keep 1 the local freezing works open and flourishing. It is imperative that the works be maintained in hands capable of keeping up competition.— Published by Arrangement.

lions wore as uuuei . — Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ 8. d. 44 n.c. Ins. Stk., 1939 97 0 0 —« 44 p.c. ditto, 1938 ... 54 p.c. ditto, 1933 ... 97 0 0 •— —— 101 0 54 p.c. ditto, 193(1 ... — 101 n 0 5} p.c. ditto. 1911 ... 98 17 (1 — 44 p.c. Bonds, 1939 .. 97 0 0 — 44 P.C. ditto, 1938 ... 97 0 0 — p.c. ditto, 1936 ... 101 0 0 DEBENTURES— Well. Racing Club .. 100 10 0 — N.Z. Breweries (stock, 1 2 (i —• Ditto (bonds) 1 2 6 1 2 10 BANKS— Commercial of Ansi. (ord.) 1 7 3 — Ditto (rights) 0 7 0 English, Scottish, ant Australian 7 17 0 — National of N.Z 6 19 0 7 0 0 National of Australasia 8 17 0 New Zealand 2 IS 9 19 0 Union of Aust 14 14 0 — FINANCIAL— Abraham and Williams (pref.) — 4 7 9 Goldsbrough Mort .. 7 9 —• Equitable Building .. — 8 19 0 N.Z. Guarantee Corp. (ord., 8s.) 0 8 10 Ditto (pref.) 1 1 0 — N.Z. Loan and Merc. (ord.) 93 0 0 Weil. Trust, Loan .. 6 12 0 GAS— Auckland (paid) .... 1 0 —— Christchurch (new) .. —. 0 8 11 ■Wellington (pref.) .. 0 10 3 INSURANCE— National 0 15 4 New Zealand 2 0 3 MEAT PRESERVING— Gear —■ 1 17 6 Well. Meat Export (ord.) 0 9 3 —• TRANSPORT— Huddart-Parker (ord.) 11 0 —— Ditto (pref.) i 0 9 1 1 3 P. and 0. def. stock — 245 0 0 Ditto (rights) 25 0 0 32 0 0 WOOLLEN— Wellington (ord.) ... — 6 4 0 COAL— IVest port —- 1 12 3 Westport-Stockton (ord.) 0 1 1 Ditto (pref.) — 0 , > 0 Waipa 0 16 9 —— TIMBER— Kauri 1 1 0 —— Leyland-O'Brien .... 1 18 0 BREWERIES— Now Zealand 1 19 6 4> 1 0 Staples and Co i 18 3 Tul o 0 0 MISCELLANEOUS— British Tobacco (Aust.). (ord.) 1 19 0 2 0 0 Colonial Sugar 55 .0 0 Electrolytic Zinc (ord.) 1 11 0 Ditto (pref.) 1 12 3 N.Z. Farmers’ Fertiliser .'... 4 0 O N.Z. Paper Mills .... 0 to 0 0 17 0 Sharland & Co. (ord.) -- 1 0 9 Taranaki Oil Fields . 0 9 6 Well. Queen’s Theatre 1 0 G Wilson’s Cement ... 1 7 6 MINING— Wahii 0 11 2