FARM & COMMERCIAL

Dominion, Volume 21, Issue 131, 2 March 1928, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TODAY. Town Hall, Featherston, 3 p.m.—Sale of freehold property, ou account Supreme Court (Wright, Stephenson and Co., Ltd.). ’ Dominion Funnels’ Institute, 2.30 p.m —Salo of residential property, sections, and business sites, on account Public Trustee (Longmore and Co.). Farm, Karori, 1.30 p.m.—Clearing sale of dairy herd, implements, etc. (N.Z L. and M.A.). Feilding Stock Sale. The Farm, South Karori Road, 1.30 p.m. —Clearing sale of stock (N.Z.L. and M.A.). Corner Aitken and Mulgrave Streets, 10.30 a.in.—Sale of building material, iron, etc. (C. W. Price and Co.). Dannevirke Stock Sale. 8-1 Wallace Street, 10.30 a.m.—Sale of household furniture, motor-car, etc. (E. Johnston and Co.). 108 Cuba Street, 1.30 p.m.—Sale of furniture (Silvers’one and Co.). 91 Dixon Street, 1.30 p.m.—Sale of furniture (C. W. Price and Co.). 98 Manners Street, 1.30 p.m—Sale of drapery, etc. (Ramsey Wilson and Co.). 8 Willesfon Street, 1.30 p.m.—Sale of furniture (E. Johnston and Co.). MONDAY. Saleyards, Johnsonville,. 1 p.m.—Store stock sale. LONDON TALLOW SALES A POOR DEMAND. "Tallow in poor demand at unchanged nricea." is the cabled Padvice received by the Bank of New Zealand from its London office, under Wednesday’s date. Messrs. Dalgety and Co., Ltd., report having received the following cablegram from their London house, under date February 29:—Three hundred and thirtysix casks tallow offered, none sold. There will be no public sales next week.

FARMING INTERESTS SHEARERS’ AWARD COOK’S WAGES IN DISPUTE. I By Telegraph.- press association. Gisborne, .March 1. An application Io interpret the shearers’ award in regard to the wages of cooks was made before Mr. E. C. Lcvvey, S.M., by the East Coast Shearers’ Union in an action against W. 1). Lysnar, M.P. The facts were not in dispute. Mr. Lysnar for twenty years had employed only one cook for shearers. This year two cooks appeared on the scene. Mr. Lysnar offered one woman £4 a week. This was refused. There were only eight shearers working at the time, and it was contended that it was absurd to say that one cook could not cook for more than twelve men. The Magistrate held that more than £4 a week should have been paid, but as the union had failed to carry out the preliminaries the information would be dismissed. DAIRY PRODUCE LONDON MARKET PROSPECTS. The New Zealand Dairy Produce Boai-d has received the following cablegram from its London office, dated February 29:—Although March arrivals fairly heavy, stocks are low. Market stronger owing to reduced shipments for balance of kcji con. The New Zealand Loan and Mercantile Agency Co., Ltd., has received the following cablegram from its London house, dated February 29:—Dairy produce (last week's quotations in parentheses):—Butter, New Zealand, 168 s. to 170 s. per cwt. (1655. to 1645.). Cheese, 965. per cwt. (935. to 94b.): market firm. STOCK SALES MASTERTON. The New Zealand Farmers’ Co-operative Distributing Co., Ltd., report having held their Masterton sale on Wednesday, when they offered 1850 sheep and 25 head of cattle to a large attendance. The whole yarding was disposed of at auction. Competition was keen, and there was an advance on last week’s sale. Following are the prices:—Good twotooth ewes, 30s. to 30s. 2d.; medium do., 245. 6d. to 265. 3d.; m.a. young ewes, 255. 3d.; aged ewes, 13s. to 18s.; fat ewes, 17s. Id.; cull ewes, 95.; good b.f. lambs, 18s.; medium do., 13s. lid.; cull lambs, Bs. 9d.; aged S.D.rams, 3 guineas to 4i guineas; two-tooth do., 6 guineas to 8 guineas; Romney rams, 1J guineas to H guineas; store bullocks, £8 7s. 6d.; light fat heifers, £5 4s. 6d. to £6; light fat cows. £4 17s. 6d.; heavy vealers, £3, Wairarapa Farmers’ Co-operative Association report on the Masterton sale as follows-.—There was a full yarding of sheep (practically all lines being breeding ewes), offered to a good attendance of buyers. Included in the offering were several well known lines of four-year and five-year ewes, which met with a ready sale, but prices were hardly equal to those of the previous week's report, due no doubt to the fact that many buyers have filled their requirements. A special line of four-year-olds on account of J. Campbell, which we sold in conjunction with Dalgety and Co., realised 245.. and a nice line of two-tooths sold on account of H. J. Williams, Kumu Kurua, at 30s. Bd. We offered about 3500 head of sheep, and report a total tieati.nce as follows:—Six hundred and forty fouryear ewes, account J. Campbell, fur. 245.; 456 four-year ewes, account Pharazyn Estate. 225.; 130 four-year ewes, account J. B. Card, 205.; 540 four and five-;.ear ewes, account Wardell Estate, 2's. 9(1.; 122 two-tooth ewes, account Kumu Enron, 30s. Bd.: 52 four and six-tooth eves, account Kumu Kumu. 225. 6d. Other lines: Fifty-six two-tooth ewes, 235.; 71 four nnd five-year ewes. 19e. 6d.; 157 do.. 19s. 63.; 255 do., 17s. 6d.; 88 A. A. ewes, 18s. 4d.; 74 do., 145.; 26 do., 14s ; 63 f.m ewes. 135.; 168 five-year ewes. 16s. Bd.; 63 f.m ewes, 135.; 174 two-tooth wethers, account Kumu Kumu, 225. 2d.; 17 two and three-shear S.D. rams, account J. Hudson, 33 to 6 Suineas; 6 one-shear S.D. rams, account . Hudson, 5J guineas; 1 one-shear S.D. ram, 81 guineas; 1 three-shear S.D. ram, 5 guineas; 86 medium woolly lambs, Ils. 6d Dalgety and Co., Ltd. report on Wednesday's Masterton sale as follows:—A good yarding of sheep again came forward this week. There was a la-ge attendance, and, although competition was nit up to the standard of hi: t week's, a satisfactory clearance was .ffccted at the following prices :—Account Moore Bros., Epariama Estate: 228 two-tooth ewes, 315.; 97 four-tooth ewes 275. 10d.; 180 four-tooth ewes, 28s. 4d. Account H. J. W. Lord: 210 two-tooth ewes, 28s, 9d.; 233 two-tooth ewes. 245. 7d.; 162 four-year ewes, 225.; 176 four-year ewes, 225. 7d. Account Mrs. S. E. M. Holmes: 93 twotooth ewes, 275.; 107 do., 255. 9d. Account J. H. Cameron: 105 six-tooth ewes, 295. 6A Acount J. Campbell, Jnr. (in conjunction with W.F.C.A.): 650 four-year ewes, 245.; 71 four and fivs-year ewes, 19s. 6d.; rougher sorts of ewes made from 12s. to 15s. 3d. The New Zealand Loan and Mercantile Agency Co., Ltd., report on their Mastertdn. sale on Monday as follows:—We submitted a fair yarding of breeding ewes to a large aitendince of buyers. A good sale resulted at very satisfactory prices. We quote: Five-year ewes, lowconditioned, 18s. 6d. to 16s. 6d.; aged ewes, low-conditioned, 13s. 6d. to Its. 9d.

Messrs. Wright, Stephenson and Co., Ltd., report on the Masterton sale:—We held our weekly sale at the Columba Road yards, when we offered a full yarding of sh>cp to a very good ;>ttendauee. Competition wan keen, particularly daring the early part of the sale, and all our lines changed hands at prices well up to vendors’ expectations. Buyers were operating from the Manawatu and Wanganui districts. Our entry comprised cliielly breeding ewes, and these mati good prices. The few pens of wethers offered also made prices well up to those ruling at late sales. Following are our particulars:—Account IL Mace, Brammerton; Four-year ewes, 235. 7d. to 245.: six-tooth ewes, 305.: fourtoth ewes 31s. Bd. Account C. Judd, Ihuhaua: Five-year ewes, 19s. Bd.; shorn lambs, 15s. 2d.; cull lambs. 10s. to 14s. Id. Account L. Matthews: Four and fiveyear owes, 19s. Account A. and J. Gray: F«K.-r nnd five-year ewes, 205.; two-tooth ewi», 325. 4d. Other vendors as follows: Four and five-year ewes. 18s. 3d. to 215.; four-year ewes, 225. Bd.; two-tooth ewes (tmalli, 225. 6d. to 245.; two-tooth wethers, 20s. to 225. Bd.; cull ewe lambs. 13s. 2d.; cull lambs 10a. to 11s. 6d.; S.D. rains, 4 guineas to 7 guineas. CLEARING BALE AT PONATAHI. Dalgety and Co.. Ltd., report having held a very successful clearing sale of live stock and dead stock on account of A. W. Cadwallader, at I’onatahi. The sheep, which came forward ifi good condition, mol with keen competition, and realised very satisfactory prices. Cattle, horses, and other stock also met with a keen demand. Following is the range of prices: One hundred and thirty-nine six-tooth ewes. 275. 9d.; 116 four-tooth ewes,' 30s. 6(1.; 62 two-tooth ewes, 28s. 9d.; 146 six-tooth ewe_ 475. 5<1.; 446 four and five-year ewes. 19». 7i1.; 231 two-tooth wethers, 21s. 2d.: 66 ewe lambs (shorn), 18s. 6d.; 61 shorn wether lambs 16s 3d.; 17 2jyear dairy heii'ers, £5 165.; 13 IJ-year dairy heilers. £4 2s. id.: dairy cows', £6 to £l3; draught horses, £37 to £l3 Ws.; combined drill. £45; tine harrows, £8 45.; 11. F. plough, .£l6 disc 'narrows, £l6 10s.; Cambridge roller, £l5. WAIPUKURAU. A medium yarding of sheep and a few pens of cattle came forward at the Waipukurau weekly stock sale on Tuesday. Young ewes of quality were in good demand, but older ewes were harder to quit. Prices were as follow:— Fat bullocks, £11; breeding ewes, twotooth, 245. Bd. to 335. 9d.; four-tooth, 255.; four and six-tootiis. 265. Bd. to 275.; four-year, 20s. 3d. to 245.; four and fiveyear. 15s. 3d. to 20s. The brokers’ reports are as follow:Murrav, Roberts and Co. Ltd.—Oneshear Jersey bull. £5 iss.; 297 two tooth ewes. 30s. 9d.; 194 four and five-year ewes. 19s. 6d.; 17 store ewes, 135.; 4 two-shear 13. D. rams, 6 guineas; I four-shear S.D. ram. 5 guineas.

New Zealand Loan and Mercantile Agency Co. Ltd.—Eighty-two woolly wetter lambs. 165.; 151 four-year ewes. 19s 3d.; 1 heifer -alt. 17s. 6d.

De Pelichet. McLeod and Co., Ltd.— One hundred , and thirty-eight two-tooth ewes. 28s. 3d.. 105 at 335. Bd., 165 at. 245. 9(1.: 139 four-tooth ewes. 275.; 46 twotooth ewes, 335. 9d.; 112 four and six-tooth ewes. 225. 6d.; 184 two-tooth ewes. 21s. 6d.; 116 four-year ewes 20s. 3d.; 224 s.in. five and four year ewes. 155.; 356 five-year ewes, 155.; 24 m.a. ewee. IBs 6ii.; 12 ewes, 16s. 6d.: 196 ewes. 155.: I S.D. ram. 2 guineas. 2 at 1) guineas; 1 lamb. 19s. Hoadley, Sou and Stewart. Ltd.—Two hundred and twenty live-yenr ewes, 17s. Bd.; 114 two-tooth wellieis. 225. 7d.: 15 four-tooth Rotni’Cv rams, 16a.; 5 five-year Romney rams, 16s,

Hawke’s Bay Farmers Co-operative Association. Ltd Eight tat bullocks, £11; 1 steer. £2 55.; 1 fat cow, £4 7s. 6d.; 1 heiier. £3; 3 fat wethers, 215.; 66 fat and forward lambs, l'?s. lad.; 136 f- and f. ewes. 15s. Bd.; '3 four, six and cighttfoth ewee. 255. Id.; 1 wether. 21s. 9d.; 52 two-tooth ewes. 21s »d„ 41 at 19s. 9d., 48 four and five-year ewes, 16s. 10d.; 14 m.s. two-tooths. 14s. 6d.; 1 Southdown ram. 43 guineas; 2 at 4 guineas, 1 at 21 guineas, 1 at 1 guinea. Williams and Kettle. Ltd.—Forty-four six-tooth ewes. 275.; 90 four-tooth ewes 265. 83.; 82 four-year ewes. 245.; 90 four and six-tootli ewes. 26s Bu.: 85 four and five-year ewes. 17s, 9d.: 93 two tooth ewes, 295. 7d.; 305 five-year ewes. 205.; 75 fourtooth ewes, 275. 3d., 3 at 10s.; 213 twotooth ewes. 2Bs. Id.: 29 four-tooth ewes. 255.; 34 six-tooth ewes, 235. 6d.; 36 eighttooth ewes, 17s. 6d : 237 five-year ewes, 15s. 3d.; 59 five-year ewes, 205.; 6 two-shear Romney rams, 13s. 6d.; 1 tliree-shear S.D. ram, 41 guineas; 4 Romney >ams. I4s„ 8 at 13s. Dalgety and Co., Ltd.—Two hundred and twenty-six five-year ewes. 135.; 12 cull ewes. ss. 9d.; 127 four, six and eight-tooth ewes, 215.; 1 fat bullock, £7 12s. 6d.; 1 fat heifer, £7 55.; 3 fat heifers, £4 10s.; 1 two-year heifer. £4. The New Zealand Loan and Mercantile Agency Co.. Ltd., report that at Levin yards on Tuesday they offered a full yarding of sheep and a medium entry of cattle, together with a large entry of pigs, to a good attendance of buyers. All classes of stock met with keen competition. and practically a clearance was made at the following prices:—Fat ewes, 21s. 3d.: four and six-tooth store wethers, 225. 10s.; good two-tooth ewes. 31s. 3d. to 32s 6d.; mixed age ewes (medium), 20s. 6d.: ditto, 14s. to 175.; store ditto, 10s. sd. to 12s. 6d., good woolly wehtcr lambs, 15s. to 15s. 2d.; medium b.f. lambs, 14s. 7d.; cull lambs, 10s to 11s, 6d.; aged Houthdown rams. 41 guineas: fat cows, £5 to £6 2s. 6d.; fat heifers, £5 Ils. to .£6 10s.; forward condition cows. £3 10s. to £4 7s. 6d.; store ditto, £2 ss. to £2 155.; medium weaner heifers, £1 Bs. to £2 55.; bulls. £5 ss. to £6 17s. 6d.; heavy porkers, 365. 6d. to 395. 6d.; medium. 325. to 345. 6d.; good forward condition stores, 265. 6d. to 295. 6d.; medium ditto. 20s. to 245.; small ditto. 15s. 6d. to 18e. 6d.; weaners, 6s. f.d. to 12s. 6d. Messrs. Dalgety and Co. Ltd., Palmerston North, report having a good yarding of sheep at their Humcrville sale on Tuesday. Quotations: Four and fiveyear breeding ewes. 13s. 10.1. to 21s. 4d.; five-year eves, 19s. 2d.; m.a ewes. Ils. 9d. to 13s. 3d.; cull ewes, 95.; woolly b.f. lambs, 14s. 2d. to 15s. Id.; Romney wether lambs, 12s. 2d.; small mixed lambs, 7s. 2d.; one-shear Romney rams, 2 guineas; two-shear Romney rams, 3 guineas; m.a. Romney rains, S guinea. Messrs. Dalgety and Co., Ltd.. Wanganui, report having held their supplementary sheep sale at Makirikiri (Lismore station yards), when they offered the advertised number of sheep to a good attendance of buyers from the Wanganui and Taranaki districts. Although values were not quite as good as at the previous sale, vendors were prepared to meet the market, and the whole yarding, with the exception of one lot-, was sold at prices on a level with present day values. The following are some of the prices realisedThree hundred four and five-year ewes. 235. 3d.; 400 ditto, 235.; 450 ditto, 225.; f.m. ewes, 155.; small mixed sex lambs, 13s. 8<1.; cull lambs, Bs. lid. and 95.; six-year and f.m. wethers, 225. 6d. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date February 29:—Dairy produce (last week’s quotations in parentheses):—Butter. New Zealand. 168 s. to 170 s. per cwt. (1635. to 1645.'; cheese, 965. per cwt. (935. to 945.; market firm.

COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES Sales reported at yesteraay afternoon's call ou the Wellington Stock Exchange were as follow:—sJ per ceht. Bonds (lUllo), £lOO 155.; Bank of New Zealand, £2 Ills. 3d.; Staples Brewery, £1 17s. 3d. Following are the latest quotations:—

SALES IN OTHER CENTRES BY TBLEGBAPH.—PRESS ASSOCIATION. Auckland, March 1. Sales: Bank of New South Wales, £47 2s. 6(1.; Sanford, Ltd., 19s. Cd.; Union Oil, Soap, and Candle, 41s. Christchurch, March 1. Sales: Australian Bank of Commerce, 345.; K.S. and A. Bank. £8 os. Bd.; New Zealand Government, ii per cent. Inscribed (1929). £99; 5A per cent. Inscribed (1936), £101; Bank of Now Zealand, 595. 3d.; New Zealand Breweries, 425. Od. (two parcels); Staples Brewery. 375. 4d. Sales reported: New Zealand Government. per cent. Bonds, 1933. £lOO 155.; Commercial Bank of Australia, 275. lid.; Bank of New South Wales, £47 2s. 6d.; Staples Brewery, 375. Id. WESTLAND BREWERIES LTD. Applications for these shares are coming in from all parts of the Dominion. Intending investors are advised to get into prompt touch with Finch, Webster, and (jswtn, Sharebrokers, Wellington, or anv other member of the Wellington Stock Exchange, from all of whom copies of the prospectus may also be obtained.- —Advt. NEW COMPANIES REGISTERED The ’Mercantile Gazette" reports the registration of the following private compah'es in Wellington:— Bell B"sb Co.. Ltd registered February ’7. Capital. £7OOO in £1 shares. The subscribers (ire: Adi G. 801 l 20. N. Bell 6980. The objects of the company are to carry on the business of motor-hus proprietors. to construct, equip, maintain, mid work omnibuses or other vehicles for the currying of passengers, aud general incidental. „ , Loo Blake. Ltd. registered February 17. Capital .£2OOO in £1 shares. The shares are hcl-i in equal proportions by Leo Blake and Helen I. Blr.kc. The objects are to carry on business as blouse manu-

facturers. clothing manufacturers, and manufacturers of working apparel. Caledonian Publishing Co.. Ltd., registered February 18. Capital. £lOOO in £1 shares, which are held by 31. Hogg as to 900 shares. ,T. R. Hogg 50. and .T. Hutchison 50. The objects are to publish and carry on the business of a. newspaper in New Zealand under the name of “The New Zealand Scotsman.” and to carry on business of printers. Leicester Knitting and Manufacturing Co.. Ltd. Registered February 20. Capital, £6OO in £1 shares. The subscribers are .1. Brown. 1.. H. Whyte, and W. '. Arnold, 200 each. The objects are to carry on business of cotton spinners, flax. hemp, and jute spinners, and linen manufacturers. Allison Buildings. Ltd. Registered February 20. Capital. .£2500 in £1 shares, which are held by Jessie I. Saunders 1000 shares, and A. V. Martin 1600. The objects are to purchase land being part of section 369 in the city of Wanganui, and to erect on such land shops and buildings. H. P. Yarrcll. Ltd. Registered February 21. Capital, £l5OO in £1 . shares. Subscribers: H. P. Yarrcll 1499 shares, and •I. F. Stewart 1 share. The objects are to carry on the business of general indent agents, commission agents, and hardware merchants. TARANAKI OIL FIELDS. LTD. Taranaki Oil Fields. Ltd., report for the week ended February 25 as follows;— Waiapii No. 2 well: Drilled to 3260 ft. in shale: drilling temporarily suspended. Gisborne No. 1 well: To 2352 ft. in sand: ran 2344 ft. 61in. diameter casing, and resumed drilling: total depth, 2355 ft. Gisborne No. 2 well: Construction work approaching completion. CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington yesterday totalled .£ 13,605.

Buyers. Sellers. N.Z. GOV'T. LOANS— £ s. d. £ s. d. 4J p.e. Ins. Stk., 4939 07 {) 0 4* p.e. ditto, 1938 ... 97 y 0 — 5J p.e. ditto, 1933 ... — 100 17 0 51 p.e. ditto, 193l> ...10C 10 0 —— 5} p.e. ditto, 11141 .. 98 15 0 — 4J p.e. Bonds, 1039 .. 97 .1 0 — 4} p.e. ditto, 193S ... 97 J 0 — 5* p.e. ditto, 193G ... 100 19 0 —— DEBENTURES— Wellington Gas .... 100 0 0 Well. Racing Club . .100 10 0 —— N.Z. Breweries (bonds) 1 o 0 —— Wanganui City, 5} p.e. (1945) 100 0 0 —— BANKS— Australasia (cum. div.) 15 0 0 Commercial of Aust. (ord.) — 1 8 0 Ditto (new issue) ... 0 .12 3 Commercial Banking Co. of Sydney —— 2( 5 0 National of N.Z. ... 6 19 0 New South Wales (ex-div.) —— 47 10 0 New Zealand 2 19 0 A. 19 0 Ditto “D” shares (pd.) 1 I, G —— Vnion of Aust 14 14 0 — Ditto (new issue) .. 14 15 6 —— FINANCIAL— Goldsbrough Mort .. 2 9 0 — N.Z. Guarantee Corp. (ord., Ss.) 0 8 7 0 9 0 N.Z. Loan and Merc. (ord.) 96 GAS— 0 0 — Christchurch (new issue) 0 8 8 Wellington (ord.) .. 1 7 0 — Ditto (pref.) 0 1(1 3 INSURANCE— National — 0 15 9 New Zealand 2 0 3 2 1 0 South British 2 18 0 MEAT PRESERVING— N.Z. Refrigerat. (10s.) — 0 7 9 TRANSPORT— Union Steam (pref.).. 1 0 3 — Huddart-Parker (ord.) (cum. div.) 2 8 6 o 10 0 Ditto (pref., rum. div.) 1 1 0 — P. and <>. Def. stock— 245 0 0 WOOLLEN— Wellington (pref.) .. 0 2 e COAL— Westport-Stockton (ord.) 0 1 1 — — Ditto (pref.) 0 3 4 TIMBER — Leyland-O'Brien .... 1 14 6 1 1G 0 1 Taupo Totara 0 12 6 BREWERIES— 1 Staples and Co 1 17 0 — MISCELLANEOUS— British Tobacco (Aust.), (ord.) — 2 0 3 Dental and Medical Supply 0 1G 0 D.I.C. (ord., preni.) .. 0 10 0 — Electro Zine (pref., cum. div.) 1 12 o Howard Smith 1 8 6 — N.Z. Farmers’ Fertillser 4 2 6 — N.Z. Paper Mills .... 0 16 9 Sharland and Co. (ord.) 1 0 6 Taranaki Oil Fields . 0 9 6 — MINING— Waihl Grand Junction 0 1 0 —