FARMING AND COMMERCIAL.

Manawatu Standard, Volume XLVII, Issue 10, 9 December 1926, Page 5

FARMING AND COMMERCIAL.

ADDINGTON MARKET.

DEMAND FOR STORE SHEEP. PRICES FOR FAT" CATTLE FALL. (Per Press Association.) CHRISTCHURCH, Deo. 8. The fat sheep forward at the Addington- metropolitan market were sufficient to fill about ten races, yet over the first half of the sale the prices were better than those of last week. The fat lambs yarded were more numerous than buyers required. Fat cattle prices fell, appreciably, and many pens were passed. The store sheep entered were not numerous and the prices realised were on the whole satisfactory to vendors. Store sheep.—A small entry. Generally the quality was only moderate. Most of the ewes and lambs were of inferior class, with most of the ewes in the wool. The demand for ewes and lambs was better than last week and some good sales were made. In some cases prices were Is per head better than last week. Values were: Sound-mouthed halfbred ewes and lambs, 22s 4d (all counted); aged halfbred ewes with lambs, 15s 7d to 18s 7d; two-toothed crossbred ewes, 29s 7d to 325; four and six-toothed crossbred ewes, 28s Id; four, six and eighttoothed halfbred woolly wethers, 31s; four, six and eight-toothed tbreequarterbred woolly wethers, 29s 8d; four and Bix-toothed halfbred wethers, 22s Id to 22s lOd. Fat lambs. —The entry totalled 930 as compared with 670 last week. Generally the quality was good. The light sorts were not m demand, but good handy weight lambs sold well at prices on a par With late rates and in some cases better. Freezing works buyers operated with reserve and the bulk of the purchases were made by butchers. Values were: Extra prime lambs, to 30a lOd: prime lambs, 27s 6d to 29s 6d; medium lambs, 24s 6d to 275; light lambs, 20s to 23s 6d. Fat sheep.—Good quality sheep were plentiful and some of heavy wethers were outstanding, a few lines of this class coming forward from South Canterbury. Some of the wethers were on the light side, being little better than forward stores. When the sale commenced there was very brisk buying over the first two races and the prices were from Is to Is 6d a head above those of last week, but values steadied down and when half the sheep had been disposed of values were little better than was the case on the previous Wednesday. Values were: Extra prime wethers, 33s lOd; prime wethers, 28s to 31s 9d;. medium wethers, 26s 6d to 27s 9d; light ■wethers, 23s to 265; extra prime ewes, to 28s 7d; prime ewes, 23s 6d to 265; medium ewes, 20s 6d to 22s 9d; light and unfinished ewes, 17s to 20s. Fat cattle.—The market was one of the worst for many months, despite the fact that the standard of quality was one of the best for some weeks past. The heavy, yardings that have been the rule la.tely have left butchers with fair supplies on hand and the hot weather made big bodies unpopular. The yarding totalled 545 head, as oompared with 610 last week, and 557 a fortnight ago. .When the sale commenced it was evident that big cattle would be Unpopular, and this was borne out by the fact that they depreciated in price by fully £1 a head, and there was a much smaller fall than this on good medium quality animals. Both heifers and cows of the better grades sold moderately well, but there was a greater proportion of the yarding unsold at the close of the auction than has been the case in the past couple of months. Prime mediumweight beef sold at from 32s 6d to 36s 6d; heavy prime, 29s to 31s; best heifer, 31s to 34s 6d; best cow, 28s to 30s; and inferior, 24s to 266; extra heavy steers, to £ls 2s 6d; prime heavy steers, £l3 to £l4; prime me-dium-weight steers, £l2 5s to £l4 10s; medium quality steers, £9 10s to £ll 10s; light steers, £7 10s to £9; extra prime heifers, to £l3 7s 6d; prime heifers, £8 to £11; medium heifers, £6 10s to £7 15s; light heifers, £5 5e to £6 ss; extra heavy cows, to £l3 12s 6d; prime cows, £8 15s to £lO 10s; medium cows, £6 10s to £8; light cows, £4 to £6. Store cattle. —A large entry and competition was active. Values were: Three and four-year-old steers, £8 10s to £9 ss; two-year-okl steers, £6ss; yearling steers, £4 10s; heifers, £2 5s to £3 10s; good cows, to £5; medium cows, £3 to £4; inferior cows 30s to £2 10s; bulls, £3 5s to £8 7s 6d.

Dairy cattle. —There was a, very small entry, only 44 head coming forward. The cattle were in far ‘better condition, and showed better milking qualities than for some time past. Prices showed a fair improvement on late rates. Values were: Best second, third and fourth calvers, £8 10s to £ll 10s; medium sorts, £6 10s to £8; inferior sorts, £3 to £5 10s; heifers, £5 to £9; aged cows and cows in profit, 50s to £4 ss. Fat pigs.—Choppers, £2 10s to £4 10s; light baconers, £3 10s to £3 17s 6d; heavy baconers, £4 to £4 10s; extra heavy baconers, to £5 (average price per lb 6Jd to 7Jd); porkers, £2 8s to £2 14s; heavy porkers, £2 18s to £3 4s (average price per lb to BJd). Store pigs.—Weaners, 15s to 20s; best? sbrts, to 255; small stores, 26s to 28s; medium stores, 30s to 28s; large stores, to 555. STOCK MARKET. Abraham and Williams, Ltd., and Wright, Stephenson and Co., Ltd., report on their Johnsonville sale held yesterday as follows:—We submitted a large yarding of bullocks to tho usual attendance of butchers. The sheep offered were in excess of requirements, consequently prices showed a decline on last week’s sale. Prices for wethers were about export parity, ewes meeting with a better sale. The quality of the bullocks offered was good, prices being slightly easier. A heavy yarding of lambs was submitted. A good clearance was effected at a reduced level of values. Quotations: Bullocks, £ll 10s, £l2 7s 6d, £l2 ss, £l3 2s 6d, £l3 15s, £l4, £l4 2s 6d, £l4 5s to £l4 10s; vealers, 275; wethers, 21s 6d, 22s 6d, 23s to 24s 9d; ewes, 16s 9d, 17s 2d to 17s 9d; maiden ewes to 24s 9d; lambs, 17s, 18s 9d, 19s, 21s 9d, 22s to 23s 6d. DARLING DOWNS COWS. VICTIMS 6F" DROUGHT. SYDNEY, Dec. 2. Drought is taking its full toll of many hundreds of dairy cows on the Downs.

In many cases animals are being kept alive by felling edible trees for them. The bottle tree is again proving of great value as food for stock. Heavy rain of short duration fell in country, districts last night, but it will give no appreciable relief. LONDON TALLOW SALES. Dalgety and Co., Ltd., report having received from their London house the following cablegram under date of the 7th inst. : Tallow: At to-morrow’s sales we expect prices will decline at least Is per cwt

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES.

At the morning call yesterday on the Wellington Stock Exchange a sale of Western Australia Bank shares at 54s 9d was reported, and at the afternoon a eale of 44 per cont. bonds at £96 17s 6d was reported. Thoro was a moddrato domand for Government stocks and bonds with buyers of the 44 per cents, at £96 15s, the 5 per oents. at £99, and the 54 per cents, at £IOO 15s. Bank shares wore steady but the demand was small. There were bids of £7 Is 6d for National Bank shares, £44 12s 6d for Bank of New South Wales exdividond, 69s for Bank of New Zealand, and 6s 7d for Bank of Now Zealand rights. For Union Bank shares sellers quoted £ls 5s 6d. New Zealand Guarantee Corporation shares were in demand, the ordinary at 10s 4d and the preference at 20s 6d. Auckland Gas Bhares were wanted at 23s 3d. There were buyers of HuddartParker ordinary at 46s 6d, preference at 20s 9d, New Zealand Shipping preference at £9 and .Union Steam preference at 20s 3d cum dividend. Brewery shares were active with buyers of New Zealand Breweries at 52s 3d Staples and Co. at 37s 3d, and Ward and Co. at 42s 6d. There was good inquiry for British Tobacco ordinary shares at 50s, and preforenoe at 20s 9d. Burns, Philp and Co.’s shares were wanted at 395, New Zealand Milk Products at 225. and Wellington Queen’s Theatre at 20s! / Yesterday’s buying and selling quotations were as under :

SALES IN OTHER CENTRES.

Per Press Association

AUCKLAND, Dec.' 8. Sales. —War Loan (1938) 44 per cent., £97; Commercial Bank of Australia, 325; Northern Steam (contrib.), 6s 6cl; Milne and Clioyce debenture ♦stock, 24s 3d; Sanford, Ltd., 245; Taranaki Oil, 245; Moanataiari 5s Bd, 6s 2d; ditto (contrib.), 5s 2d 5s 4d, 5s sd, 5s 6d, 5s 7d, 5s Bd, 5s 9d,' 5 S lOd, 5s lOd, 5s 9d, 5s 9d, 5s lid; Now Waiotahi (contrib.), Is 4d; Ohinemuri, 5s 7d.

DUNEDIN. Dec. 8. Sales.—Westport Coal 35s 3d; Express Co. (ord.), 21s.

DAIRYING IN NORTHERN WAIROA.

BIG INCREASE IN PRODUCTION

Per Pro 33 Association

DARGAVILLE, Dec. 8. The production and pay-out of the Northern Wairoa Co-operative Butter Co., Ltd., from the factory at Mangawhare show a remarkable increase all round. The amount of butter manufactured from June 1 to December 1 was 712 tons, an increase of 132 tons, or 22J per cent. The pay-out from Juno 1 to October 31 was £47,211 10s 7d, an increase of £4229 '4s 6d. The pay-out in October. 1926, was £23,359 6s 2d, as against £22,421 3s 2d for the same month of 1925. From September 1 to December 1, 1926, 26,430 boxes of butter were graded. The amount graded finest was 26,194 boxes, for which a bonus was received of £2954. In November, 11,100 boxes of butter were graded, of which 11,054 were graded finest. Tho average grade for November was 93.289. The returns for December: aro not available, but the indications are that they will show some increase on the previous months. The company now lias just over 700 suppliers, about the same number as last year and, if anything, fewer cows are being milked.

The increase in production is put down to systematic culling, better farming conditions, top-dressing, and a phenomenal season, which is said to be tho best ever experienced in the district.

DAIRY PRODUCE. Dalgety and Co., report having received the following cablegram from their London house under date of the 7th inst.: Dairy produce market firm; no new season’s New Zealand available. Control Board’s minimum prices advanced today. Butter: New Zealand * finest 170 s, first grade 168 s. Cheese: New Zealand finest 965, first grade 955. OROUA RABBIT BOARD. USE OF COUNCIL CHAMBERS. [Special to' “Standard.”] FEILDING, Dec. 9. At yesterday’s meeting of the Oroua County Council a deputation consisting of Trustees Saudilands and Younger, of the Oroua Rabbit Board, waited upon the council in reference to the board continuing to have the use of the council chambers for meetings and in regard to the retention of Mr R. L. Harding’s services, as clerk. Trustee Saudilands, chairman of the board, said that the administration'of the board entailed very little, if any, attention by the clerk in the county council’s time, tho majority of the work being done at night. The wor' -

ing of the council and the hoard was almost identical as the districts were the same, and by retaining the servioes of Mr Harding greater attention waa being given to the ratepayers’ interests. The board in the past had always worked harmoniously and Mr Harding had not relaxed his attention to oounty affairs. If the board had to engage another secretary, it would mean the paying of a higher salary than at present, and that would in turn mean the raising of the rates. ■ In regard to the use of the council chambers, the board was prepared to pay £5 per annum toward lighting, etc. Trustee Younger endorsed the previous speaker’s remarks and added his appreciation of the consideration of the council in allowing the board the uso of) its chambers and Mr Haudingfs services.

The deputation then withdrew and, after a short discussion on the question, Cr. McLennan moved that the use of tho offices and Mr Harding’s services as clerk be granted the board. Cr. Brewster seconded the motion, which was carried.

Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ B. d. 44 p.c. Ins. Stk., 1938 96 12 6 96 17 6 54 p.o. ditto, 1933 15 0 — 54 p.o. ditto. 1936 ...100 15 0 — 44 p.c. Bonds 1938 ... 96 15 0 54 p.c. ditto, 1933 ...100 15 0 — 5 p.c. P.O. Bonds, 1927 DEBENTURES99 0 0 — N.Z. Breweries (stock and bonds) — 1 5 0 Petono/Lower Hutt, 54 p.c., 1927/1952 Pahiatua Borough, 5 — 95 10 0 p.c., 1935 — 95 10 0 Makerua Drainage ... — 101 0 0 BANKS— National of N.Z 7 1 6 7 2 6 New South Wales ... 44 12 6 — New Zealand 2 19 0 2 19 6 Ditto (rights) 0 6 7 — Union of Australia ... FINANCIAL— — 15 5 6 N.Z. Guarantee Corp. (ord., 8s) 0 10 4 — Ditto (pref.) 1 0 6 — N.Z. and River Plate — 1 4 6 Wellington Deposit ... GAS — — 0 10 4 Auckland (paid) 1 3 3 — Wellington (ord.) — 1 6 9 MEAT PRESERVING— N.Z. Refrigerat. (10s) TRANSPORT— — 0 7 0 Huddart-Parkor (ord.) 2 6 6 — Ditto (pref.) 1 0 9 — N.Z. Shipping 9 0 0 — Union Steam (pref.) ... WOOLLEN— 1 0 3 — Kaiapoi (pref.) — 0 15 6 Wellington (new issue) COAL— — 6 10 0 1 16 0 0 15 6 TIMBER— Leyland-O’Brien — 2 2 6 . 1 6 0 — 0 16 0 BREWERIES— Manning and Co. ... — 1 1 0 New Zealand 2 12 3 — Staples and Co 1 17 3 1 18 3 Ward and Co MISCELLANEOUS— 2 2 6 — British Tobacco (Aust.), (ord.) 2 10 0 — 1 0 9 Burns, Philp and Co. 1 19 0 Howard Smith N.Z. Milk Products — 1 12 6 (bonds) 1 2 0 — Scoullar Co — 1 2 9 Sharland & Co. (ord.) — 1 2 6 Smith & Smith (pref.) Wairarapa Farmers’ — 0 19 0 (£5) 4 0 0 Ditto (£1) — 0 16 0 0 16 0 Wellington Queen’s Theatre (cum.) 1 0 0 — MINING— Kawarau 0 3 2 —