Markets and Money

Sun (Auckland), Volume I, Issue 183, 24 October 1927, Page 11

Markets and Money

A Review for Business Men

NORTHERN BUTTER-FAT

INCREASED PAYMENTS (From Our Own Correspondent) WHANGAREI. Saturday Payments to date for butter-fat supplied in the North this season, in many eases, are almost double those for the same period of last year. Both in regard to the quantity of cream coming forward, and the amount of the advance payment returns show a considerable increase.. Record distributions were made by the Whangarei and Maungaturoto Dairy Companies on Friday. The total increase over the payouts for the September churnings of last year amounts to £6.2i3 18s 9d in the case of Whangarei, and £1,309 14s 6d for Maungaturoto. The Whangarei Dairy Company pail out £13,016 Is Sd, as against £6,773 3s lid on the same day of last year. The price per pound increased from Is Oid in 1926 to Is 5d in 1927. The total payout for the season up to September 30, 1927. was £18,059 6s Id, compared with £: , >OS 11s 3d for the corresponding period of the previous season. The Maungaturoto Dairy Company for last month’s output paid out £3.775 lSs 7d, as against £2,466 4s Id for the September make last year. Payments were based on the values of Is 5Jd for superfine, Is 5d for first grade, and Is 4d for second grade, as against Is 2d. Is l?.d and Is Oid given for last September's product. The total payout for the season tip to September 30, 1927. was £6,OSJ 3s, compared with £3,980 19s 2d for the same period of last season.

FARMERS REJOICE AT WEEK-END RAINS

PASTURES REVIVED Labour Day has been a day of much rejoicing among farmers of the Auckland Province—rejoicing over the rains which have fallen over the week-end. While in many parts of New Zealand the rainfall to date this season would have been ample for the needs of the pastures, in the porous country found in most parts of the Auckland Province, rain was a pressing need. Already some dairy factories were commencing to register a slight falling off in returns. It is to an abundant rainfall that Auckland farm lands owe much of their productivity. Large areas of country of a “pumicy nature,” under a week or so of a dry spell, soon begin to register the effects, and the pastures suffer. The heavy clay lands, thoroughly soaked throughout the winter, subjected to the winds experienced during the past month without rain, cake hard on the surface and make even cultivation difficult. Thus, throughout the province, farmers encouraged with almost an inch of rain over the week-end, have reason for rejoicing, and pastures have received yet another boost along to aid in making the season 1927-28 one of record productivity. Among the amateurs and professionals of the town and suburban areas also the rain comes as a friend in need.

FROZEN MEAT

By Cable. — Press Association. —Copyright /• LONDON, Friday. Sheep. —Canterbury, medium, 6 3-Sd; heavy, 6d; North Island, light. 6Jd; medium, 6d; heavy, 52d; New Zealand ewes. 4£d. Lambs. —Canterbury, seconds, 9id; other selecteds, light, 9 5-Sd; Argentine, firsts, light, SJd; medium, Sd; seconds, Bd. Frozen Beef. —Australian fores, 3 10-16 d; hinds, 4£d. Chilled Beef. —Argentine hinds, 6d: other meats unchanged. COTTON, RUBBER, HEMP, ETC. Cotton. —November delivery, 10.61 d (ll.lOd). Rubber. —Para, 14d (14d) per lb; plantation and smoked, 16id (16Jd). j u te. —October-November shipments. £29 18s 9d (£32 2s 6d) per ton. Hemp. November-December shipments, £34 (£35 October-November) per ton. Copra. —October-November shipments. £26 17s 6d (£26 15s) per ton. Linseed Oil—£3l (£3l) per ton. Turpentine. —37s 3d (38s) per cwt.—A. and N.Z.

NORTHERN STOCK SALES Walter Wakelin reports on the following sales held during the week ending October 22: At Whakapara 250 head of cattle were yarded, and all sold readily under the hammer. Prices realised were as follow: 4_year steers, up to £5 16s: 3-year,steers £4 12s 6d; 2-year-old steers, £3 10s; yearling steers. £2 to £2 15s: store cows, £2 10s to £3 10s; 2-year-old empty Jersey heifers, £2 15s to £4 ss: yearling grade Jersey heifers, £2 to £2 15s; some nice young registered Jersey bulls made from 12 gns. to 16£ gns. A team of working bullocks realised £6 each. Dairy cows were in keen demand and sold from £6 to £11; grade Jersey heifers, from £5 to £7 10s; weaner pigs fetched 28s; two nice unbroken colts made £l4 and £l9 respectively. At the Kamo Bull Fair 100 bulls, 100 dairy cows and 200 head of mixed cattle were yarded. There was a representa tive yarding of all breeds of bulls, of which Jersey predominated. Prices were: Pedigree Jersey bulls, from 10 gns. to 19 gns.; grade Jersey bulls, from £4 to £lO 10s; pedigree Shorthorn bulls, 4 gns. to 13i gns; grade Shorthorn bulls, £3 to £8; Holstein bulls, from £2 to £5. Dairy cows were again in keen demand. Cows made £6 to £9; dairy heifers. close to profit, £6 to £ll 15s; backward dairy heifers, £3 10s to £4 10s. A few fat cows were yarded and made from £5 7s 6d to £7 15s; store cows, £2 15s to £3 10s. 2-year-old empty Shorthorn heifers made £3: yearling Shorthorn heifers, £2 2s; I cows with calves. £3 5s to £5 10s; two-year-old steers, £2 15s to £4; 4-yeav-old coloured bullocks, £4 19s; woolly hogi gets, 265; fat ewes. 27s 6d; weaner pig.-* 12s to £ l 12s 6d. At Maungakaramea 200 head of cattle

IMPORTS AND EXPORTS

\\ t-rc >,rd,d. A line of 30 extra good qua!- *•' T-y car-old steers made £6; 2*vear .•M st. rs. £3 5s to £4 32s 6d: yearmg steers, £2 to £2 10s; 2-year S.H heifers. £3: yearling S.H. heifers. £ s: yearling Jersey heifers. £2 15s; dair« cows. to £7 ;dairy heifers. £5 to £ • • s 6u ; cows. XA 10s to £5 10s; storcows. £2 10s t-> £3 10s: bulls made fror i. 4 to £t.; medium draught filly. £27. MINING NEWS ALBURNIA.—The manager telegraph' .i Cr . V J r* ,ns : ” r Fredeom reef (going «stT>n' • leU blotches gold showing in

WHANGAREI HARBOUR The toiu.l tonnage of cargo handled in tile Port of 'Whangarei during the montu of September amounted t. imports 3,0*0 tons and export--14.10S tons. Imports consisted chiefly of gypsum tons, general cargo 1.357. flour 174. petrol 96. potatoes 90. wines and spirits 76 sugar SS, fruit 53. manuri D_'. outs 36. timber (softwoods) 27. pollard and bran 25. wheat 21. chaff 16 bacon and hams 3. seeds 3. oatmeal 2 milk 2. and barley cheese and timber (hardwood) each half a ton. Exports were:—Cement 11.057 tons coal 2.574. general cargo 292. butter 90. wheat 21. kauri gum 17. hides and skins each 11, fruit 3 and tallow 2 tons The revenue received during the month amounted to £ 1,21 S6s lOd

FURTHER DAIRY POOL PAYMENT

TO BE MADE NEXT MONTH Press Association . WELLINGTON, Saturday. A further payment of Jd per lb. on all butter shipped in the second pool will be made by the New Zealand Hairy Produce Board next month. The amount will be approximately £185,000 and will leave *'«■>* small balance to be distributed when accounts are finalised. This announcement was made by the secretarv, ir. o C ' Brash, at the board's meeting BraSh reported that a further payment would be made in the cheese pool about the end of November and » small balance on the final"?: distfibution. UntS ' this wuu!d b « ‘ b « «"*> DOOl he bas m ecdH t en^ aliSea f ° C ,lle p°oi iias eMdently proved greater than anticipated. The quantity of btuter in o bpTv-K i llß ' bet,n °di‘ ia 11 v stated b f,na."^T4r,2m of wis ™thnateV^ast ,< montVi’ «SS»S£ Life

IMPORTED TYRES (British Official Wireless.) RUGBY, Friday. standing committee of the Board of Trade, in a report issued to-day recommends that imported foreign rubber tyres should be marked with the place of origin.—A. and N.Z. ARGENTINE WHEAT Press Association. BUENOS AYRES, Friday. A Government forecast estimates the area planted in wheat at 39,646,505 acres for the 1927-728 harvest.—A. and N.Z.