PRICE OF WHEAT

Sun (Auckland), Volume I, Issue 262, 26 January 1928, Page 14

PRICE OF WHEAT

GROWERS URGED TO WAIT Press Association. CHRISTCHURCH, Wednesday. The wheat committee of Canterbury, representing the growers, issued a staement to-day urging the farmers to refrain from accepting prices below the market rates for wheat. The committee argues that under sliding scale duties the price of wheat should not alter and only larger offerings than the market can absorb will reduce the price. The committee urges growers not to press sales at present as selling pressure will weaken prices. BUTTER AND CHEESE BRITAIN IMPORTS MORE Press Association. WELLINGTON, To-day. The arrivals of butter shipments in Great Britain to the end of this month will total 1,151,203 boxes, against 983,145 for the same period last season, and to the end of March 1,798,659 boxes, against 1,480,619 boxes last seaThe arrivals of cheese shipments in Great Britain to the end of January this season will be 384,228 crates, compared with 359,041 crates last season, and to the end of March rhe total arrivals will be 691,06.5, as against 594,883 crates last season. COUNTRY STOCK SALES Auctioneers report on stock sales held during the week as follows: New Zealand Loan and Mercantile Agency Company, Ltd.: “We held our fortnightly stock sale at Te Puke on Tuesday. There was a fair yarding of cattle, and, in spite of dry conditions prevailing, there was a good clearance. Good competition was maintained throughout. Prices were: Fat cows, light, £4 15s to £5 ss; fresh condition cows, £3 10s to £4 12s 6d; forward fouryear bullocks, £8 3s to £.B 14s; fresh condition three to three and a-half-year steers, £7 10s to £B-4s; others, Ai 7 to £7 7s 6d; Jersey-cross heifers in can, £3 17s 6d to £4 ss; yearling steers, £3 5s to £3 10s; boner bulls, heavy, £7 5s to £9 10s; lighter, £5 to £0 15s; fair store pigs, 10s to 12s; weaners, 8s to 10s. Alfred Buckland and Sons, Ltd., report: During the week we held sales of cattle at Westfield and Pukekohe, a clearing sale on account of Mr. R. Humphries, Karaka, and pig sales at Pukekohe, Waiuku and Tuakau. There was a heavy yarding of cattle at Pukekohe and an average entry at Westfield. The demand and values for all classes were similar to those quoted the previous week. Dairy cows and heifers at profit, £lO to £l4 for best; others. £7 to £9 15s; aged and inferior, £3 to £5 10s; prime fat young cows and heifers, £6 10s to £9 10s; other fat cows and light heifers, £4 10s to £6 is 6d; bone cows, £2 10s to £4 7s 6dempty young cows, £2 15s to £4 ss : store cows, £1 10s to £2 10s; grown sters m forward condition, £7 to £7 £ our ;year-old steers. £5 15s e l: - t 'y? to three-year-old steers, £4 los to £o los; yearling to two-vear-old steers, £2 15s to £4 15s; yearling to IS-months-oid dairy heifers, £4 to £6 heifers. £2 10s to £3 15s; heavy £4 1 4s m°£9 <S?Lt E i? Un S y, ouns herd bull? £4 IS to £9 9s. other bulls, £1 10s to £4 and hS S ' S herd of Shorthorn cows JR? heifers was a well-bred, good-con-Hon° ne r> Ilne and arouse d keen compeUtion. Prices realised were fully ud to t^ P , e -f at,on L f ows ma de from £lo° 10s wai tieifers, £8 8s to lligns. There am? ar; ' e entry of pigs at Pukekohe and an average yarding at Waiuku and Tuakau. Values at all three yards were on a par with Westfield rates MINING NEWS HAURAKI.—The manager reports as The seaward face at the 400 ft lev ei has been advanced Sft for the week .^ at l e } s now 26ft beyond the vertical point of the Green Harp reef at the 180 ft level of the Union Beach. The reef whin ta i mS , an av * ra^e width of 18in, and when breaking down to-day some small pieces of specimen stone were selected troi 2 l £h' e lia nging-wall portion of’ the reef. The Hauraki shaft is now 90ft below the 400 ft level, and preparations for the chamber sets are under way. The crosscut toward the Hauraki North section has been advanced 12ft for the week, making the total distance from the new reef 356 ft. The country rock is softer but still very dry.*