WILD WHEAT TRADING

Sun (Auckland), Volume III, Issue 718, 18 July 1929, Page 10

WILD WHEAT TRADING

CANADIAN DROUGHT MAKES PRICES JUMP CHICAGO AND WINNIPEG (United P.A.—By Telegraph — Copyright) (Australian and N.Z. Association) (United Service) Reed. 10.50 a.m. CHICAGO, Wednesday Future wheat deliveries swept to new high levels as prospects for a world shortage before the harvesting of the 1930 crop arose, and Canadian spring planting shrunk under high temperatures. Trading was wild today. Late estimates from the north-western wheat areas indicated a shortage above 400,000,000 bushels in the North American spring crop. Reed. 9.35 a.m. WINNIPEG, Wed. Continuance of terrific heat and drought on the Canadian prairies sent wheat upward cents a bushel on Wednesday. With the crop estimated at approximately half the 1928 yield, employment officials state that only 25 per cent, of the harvest help used in 1928 will be required. Last year 50,000 men were brought from Eastern Canada ancl 14,000 from Britain. It is unlikely that any Britons will come this year.

DISTRICT STOCK SALES

AUCTIONEERS’ REPORTS Stock auctioneers report holding sales during the past week as follow: The New Zealand Loan and Mercantile Agency Company, Ltd., reports:—Sales were held during the past week at Westfield, Papakura, Warkworth and Tuakali, and four clearing sales. We report good sales, with late values ruling for all classes of cattle and sheep. We quote: Dairy cows and heifers, close to profit, best, £l2 10s to £18; others, £9 to £l2; backward springers, best, £9 to £ll 10s; others, £7 to £8 15s; aged cows and inferior heifers, £4 to £6 15s; bulls, £3 to £lO 10s, according to weight and quality; store and boner cows, £3 10s to ££ Yearling heifers, best, £3 10s to ~6 xCs; otners, £2 to £3 7s Gd; yearling to 18-month steers, £3 to £5 10s; two to 2i-year steers, £5 5s to £7 7s Gd; three to 3&-year steers, £7 10s to £8 los; four to li-year steers, £9 to £9 17s £JO S ls eiS ’ iU forward condition, Dalgety and Company, Ltd., report having held a highly successful clearing sale of Holstein cattle on account of A. Anderson, of Brigham’s Creek. Hobsonyille, last Tuesday. There was not a large attendance of buyers, but the cattle sold very readily under keen competition, the top price of the day, £2l 10s, being paid by Mr. Simon, of Ardmore, Papakura, for a young cow close to profit. The herd of 33 cows and heifers realised the substantial average of £l4 Is. Some of the prices obtained were: Forward cows, £l3 to £2l 10s; backward sorts, £8 10s to £l2 15s; forward heifers, £l4 to £l7; backward sorts. £8 5s to £lO 10s; cows in milk, £l7 15s; cow in milk Ghree-teater), £ls 10s; Jersey cow,

Alfred Buckland and Sons, Ltd., rePort: During the week we held sales at Westfield, Pukekohe, Turua, Wellsford, Kaiwaka, Kumeu, Pokeno and Runciman, also four clearing sales. There were fair yardings at all centres. Dairy cows at clearing sales continue to realise high figures while at other sales values are oa-sier. Best dairy cows made £lB 10s to .A' r 2 *G extra, to £29 10s; the herd of Mr. VV. E. Berry, Waiuku, averaged £l6 10s; good cows, £l2 to £18; second-grade cows, £8 to £ll 10s; others, £4 to £7 los; best springing heifers, £l2 to £ls los; good heifers, £lO to £ll 15s; small and backward heifers, £5 5s to £9 10s; empty young cows and heifers, £4 10s to £b; store and boner cows, £2 10s to £5 15s; cows with calves, £7 to £lO 10s; fat cows and heifers, £5 10s to £lO ss; fat steers, £lO 5s to £l3 7s 6d; grown fvi f ° rwarc J condition, £9 5s to £lO 2s 6d; three to four-year-old steers, £S 5s to £9 os; two to three-year-old steers, £7 os to £8 2s 6d; yearling 1o IS-months-old steers, £4 10s to £6 17s yell-bred yearling heifers, £5 los to ini. u S: snla , lle ,V heifers, £3 10s to £5 10s, heavy hulls, £7 10s to* £ll 10s* sound young herd bulls, £6 6s to £l2 12s; other bulls, £2 10s to £5 15s; soundmouth ewes, m lamb, £1 10s to £1 16s; Ats® V. 9 - s to £1 13s 6d; hosi getb, £1 Is to £1 ss.

WAIKATO DAIRYING

RETURNS FOR JUNE (From Our Own Correspondent) HAMILTON, Wednesday. Latest returns from Waikato dairy factories are as follow: 9 795 m nf• Coil ? pan y handled nn r during June and made " ,ld f ince Payment of Is sd. In June, 10-^? Vil i lce payment was Is 4d, when 8,2071 bof fat was supplied. The disbursement for the month is £693 17s vear aS asainst The Norfolk Dairy Company will distiibute ~ 101 10s for the June supply, at xid a to (cheese), against £ouU in the same month last season, when the advance pay-out was Is 7d a lb. During June u,6601b of fat was supplied, compared with 6,8951 b in June, 1828 Suppliers of the Tatua Dairy Factory are to receive an advance payment of Is od (cheese), against Is 6d last year. The disbursement will be £690, against £1 092 in June, 1925. During the month 9,7431 b ox butter was supplied, compared with J4,0011b fat for the corresponding month last season. Kakapuku Dairy Company suppliers will receive an advance payment of Is 7d a lb on butter-fat supplied for cheese during June. The advance in June, 1928, was 6d a lb. The disbursement will be £221 3s 7d, compared with £IBO 7s for the corresponding month last season. During the month 2,793.951 b of fat was supplied, compared with 2,404.701 b in the same month last year. The Bruntwood Dairy Company is making an advanec payment to suppliers of Is 6d a lb (cheese) and Is old (butter), compared with Is 7d (cheese) for June, 1928. The disbursement for June was ! £o7> 5s 3d, against £678 for the c-orres-i ponding month of last season. During the month 56.5341 b of milk was | supplied to the Tokorua Dairy Companv, i against 35,9691 bin June, 1928. and 3,758.601 bof butter-fat manufactured, compared with 1,595.531 b in the corresponding month of last year. The advance payment will be Is Gd and the distribution £269, compared, with £l2O for June, 1925, when a similar advance was made.