FARMING AND COMMERCIAL

Manawatu Standard, Volume XLIX, Issue 241, 10 September 1929, Page 5

FARMING AND COMMERCIAL

AYRSHIRES IMPORTED. SELECTIONS IN CANADA. BY MANAWATU BREEDER. Two well-bred Ayrshire bulls, and a pair of pedigree Yorkshire pigs woro selected from 6tud stock by Mr David Buchanan, of Tiakitahuna, during his recent visit to Canada, for shipment to New Zealand, and with the exception of the bonr, which was to follow later, wore placed on the boat at Montreal on June 27 for Wellington. Mr Buchanan returned home to-day after an extended trip abroad. As a fellow-breeder from New Zealand, Mr Buchanan, who was accompanied by Mrs Buchanan, was welcomed by those with Ayrshire herds in tho district of Montreal, and he visited as many as time would permit, being very complimentary in the opinions he gave on the quality and milk-producing ability of the Ayrehires which he inspected. While in the district, Mr Buchanan purchased two outstanding Ayrshire bulls. At Mr Wylie’s farmi Howick, ho greatly admired the celebrated cow, Nellie Osborne, of Elm Shade 16th, the world’s champion Ayrshire aow with a 365-day record of 27,1981 b. milk, 12571 b. butterfat. Tho herds visited wero as follow: —Wm. Clark, Estate, Strawbridge; Robert Ness and Sons, W. C. Wylie, John Logan and Son, Howick; Waldo W. Skinner, Senneville; MacDonald Agricultural College, St. Ann’s; Seminaire de St. Sulpico, Oka. Tho herds wero all within a short distanco of Montreal and as Mr and Mrs Buchanan were limited tio two days before embarking on the steamer, they did not by any means see all they might have done had there been more time at their disposal. However, they declared their intention of returning to the district on their way back to New Zealand. From the Ascott Stock and Dairy Farm at Strawbridge, P.J., owned by the William Clark Estate, Mr Buchanan selected the seven months old bull, Ascott Warrior Firefly. This young bull was sired by Keystone Warrior, a class A bull in the Canadian Advanced Registry, whose sire was Ponshurst Mnn-o-War, one of tho world’s greatest Ayrshire bulls. The dam of Ascott Warrior Firefly is Ascott Milkmaid, with a good milk and butterfat record as a two-year-old. The other bull purchased, Bois de la Roche Silver Star, came from the herd of Waldo W. Skinner, of Senneville, Province of Quebec. This youngster was born in January and promises to develop into a real dairy show bull. Ho comes from a herd that is producing perhaps as many outstanding and winning show animals as any other herd in Cannda, and, further than that, they have the milk backing that is producing results. Tho sire of Silver Star is Palmerston Security, an importation from Scotland and constant winner at Canadian shows.

From the Ascott farm, Mr Buchanan also purchased a choico bred Yorkshire gilt, Ascott Mary Lou 12. This young sow is of the most approved bacon typo and since purchased was placed second at tho Ormstown Show and first at the Lachute Show in tho class sows of tho calendar years. Mr Buchanan did not have sufficient time to pick out tho boar, but left an order with Ascott farm to secure one and arrange to ship it with tho rest of his purchase. A young boar has been procured, but as it was thought to bo too young to withstand tho trip through the tropics, it is being held for a later boat, when it will be sent to its new owner.

FROZEN MEAT. The New Zealand Meat Producers’ Board has received tho following cable from its London office, dated 6th rieplember, 192 y, advising Srnithfield delivered prices averaged for wcok ending that date as follow, prices for the two previous weeks being also shown in parentheses:— N.Z. wethers and maiden ewes: Canterbury quality, selected brands, sb-under, 6£d (6jd, bid); 57-64, 6d (6d, bd); 65-72, sjd (63d, sgd) ; other brands, 56-under, 6id (64d, 6£d); 57-64, 6Jd (52d, 5Jd); 65-72, s§d (s|d, s§d). N.Z. owes: 64-under, 4£d (4£d, 4jd). N.Z. lambs: Canterbury quality, 36-under, B£d (B£d, 8£d); 37-42, 8d (Bd, 8d); 43-50, 7|d (7£d, 7£d); seconds, 7£d (7jjd, 7Jd); selocted brands, 36-under B£d (B£d, B£c>); 37-42, 7£d (7|d, 7gd) ; other brands, 'rst quality, 36-under, B£d (BJd, 8£d); 37-42, 7Jd (7£d, 73d); second quality, 30-32 average, 7Jd (71d, 8d). Australian lambs (new season’s): Victorian, first quality, 36-under, B£d (not quoted) ; 37-42 7Jd (not quoted). Argentine lambs: First quality, 36-under, 73d (73d, 73d); 37-42, 7d (7d, 7d). N.Z. beef: Not quoted. Argentine chilled beef: Ox fores, 4fd (4|d, 4|d); hinds, 7|d (7£d, 7»d). Australian frozen beef: Ox crops over 1001 b, 4d (4d, 4d); hinds over 1601 b, s£d (s§d, s|d). N.Z. frozen pork': Porkers, 60-801 b, Bid (Bid,- 8)d) ; 81-991 b, 8d (Bd, 73d) ; 1001201 bßd (73d, 73d); boconers, 121-1801 b, 83d (Bd, 8d). Extremely hot weather affecting consumption all meat. Lamb market: Trade quiet but steady. N.Z. porker pigs: Hot weather temporarily affecting consumption. N.Z. baconor pigs: Market is steady. Levin and Co., Ltd., havo received tho following cable from their London agents, dated 6th September, 1929:—Frozen meat quotations (prices on a "delivered” basis, i.c., including storage charges, cartage, tolls, etc.) :—Down lambs, 28-42, B£d per lb; best North Island, 28-42, B|d; ordinary North Island, 28-42, 8d; second quality lamb, 73d. Best North Island wethers, 48-64, 6£d; 64-72, sjjd; ordinary North Island wethers, 48-64, 51d. North Island ewes, 48-64, 4£d; 64-72, 4|d; New Zealand prime ox beef, 160-220, nil. As compared with last week’s quotations, prices are unchanged. Tho market is quiet but steady.

TALLOW. There will be no public sales this week, says a report received by Dalgety and Coy., Ltd., from London. , WOOL, SKINS, HIDES AND TALLOW. Abraham and Williams, Ltd., report that their monthly sale of wool, skins, hides and tallow tfas held at Palmerston North on Thursday, sth September, when they submitted a catalogue comprising a largo entry of wool, mostly crutchings, 3023 6heep skins, 900 butchers’ hides, 1000 calf skins, and usual entry of tallow, sundries, etc., to a full attendance of buyers. Wool crutchings: The competition was good and prices were £d to £d in advance of last sale. Sheepskins: The bettor descriptions were in good demand at £d to Jd advance, whilst other sorts ruled firm. Hides: These met with a good demand particularly for cow hides, which at times advanced Jd to £d per lb. B X hides wero dull. Calfskins: A good demand at -fd to £d higher. Yearlings and kip very firm. Tallow: Prices wero on a par with last sale’s rates. We quote: —Wool: Southdown X 12Jd to 13id, crossbred medium lid to ll£d, dead 7Jd to 93d, crutchings medium to good 83d, medium 7£d to B£d, short and seedy s£d to 7d. Sheepskins: Crossbred lino 12£d to 13d, medium 12d to 12£d, coarse 10£d to lid, half wools IOJd to ll£d, crossbred damaged 8d to lOd, dead B£d to 9d; salted skips, medium weights 9s 4d each, light 7s 4d to 8s 6d each. Hides: Cow, heavy 73d, medium 7d, light 6Jd to 7£d, cut and inferior 9d to yearlings and kip 8d to 9£d. Tallow in tins: £25 to C 25 10s per ton. LONDON SHEEPSKIN SALES. Dalgety and Coy., Ltd., report under date London, 6th September,, 1929 : —Good attendance of buyers; competition irregular at sheepskin sales. American buyers principal operators. As compared with closing rates of last series, Merino 5 per oent. to 7£ per cent, lower; crossbred par to 5 per cent, lower. 4335 bales offered. 3363 bales sold. The following is tho range of prices: Merino, threequartor to full woolled, Hid to 13£d; quarter to half woolled, 8d to lid ; short to shorn, 6£d to Bd. Crossbred, threequarter to full woolled fine, 13d to 16d; threequarter to full woolled medium and coarse, lOd to 13£d; quarter to half woolled fine, lOd to 13£d; quartor to half woolled medium and coarse 9d to 13d; short to shorn B£d to 12d. Lambs, lid to 14d.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. Tho 6alcs reported on tho Wellington Stock Exchange yesterday were as

Government securities were in good denmnd at late rates with no declared sellers. There w-as a moderate demand for bank shares. Bank of Australasia wore on sale at £24 11s and National Bank of New Zealand at £7, but there wore no buyers. Gear Meat at 43s 6d and Canterbury Frozen Moat, ordinary, at £8 5s wero firm. Westport Coal, British Tobacco, Burns Philp and Wairarapa Farmers’ preference were steady. Tho balancesheet of the latter company should be out in the course of a week or two, and ft is obvious that the market expects that the results of tho year’s trading will show some improvement on tho past two or three years. The preference shares have been in strong demand at 15s 6d to which they havo risen during tho past two or three months from about _4s. Yesterday’s buying and selling quotations wero as under: Buyers. Sellers.

WOOL SALES. LOWER PRICES IN AUSTRALIA. SYDNEY, Sept. 9. Tho wool sales reopened to-day, and 10.653 bales wero sold. Good fleece wools, compared with the opening rates of last season, were about 33 per cent, lower, and good broken pieces from 25 to 30 per cent, lower. There was a very poor selection of crossbreds, which showed a decline of 30 per cent. BRISBANE, Sept. 9. Compared with the closing rates of the last Brisbane auctions good fleece wools to-day showed a fall of 5 per cent, and faulty to average sorts 5 to 7£ per cent. Competition was well sustained throughout, principally on account of Continental buyers. Greasy Merino fleece made to 17id per lb. ADELAIDE, Sept. 9. _ Prices at the opening wool sales on Friday wero 30 per cent, lower than on the corresponding date of last year.

WOOL MARKET. BRADFORD COMMENT. (Australian Press Association.) LONDON, Sept. 8. News of the opening of the new wool season in Australia on a basis confirming Bradford’s recent prices for tops has been well-received in Yorkshire, the idea being generally prevalent that the termination of tho unsatisfactory conditions which havo existed for many months, may be expocted. The Bradford Observer's trade correspondent writes; It is interesting to learn that growers are freely meeting tho market and readily selling upon a very considerably lower level than that obtaining at the final Adelaide sale of the past season, to say nothing of the price ruling a year ago. “Unquestionably they are pursuing a wiso course. Experience has proved that for seasons beyond any one’s control wool last season was sold at prices which were not warranted by trading possibilities in the consuming centres. It is satisfactory, therefore, to know that growers appear to have abandoned anv idea of receiving fictitious prices for the new clip, when as a matter of fact a considerable volume of last year’s production, which certainly was more than was anticipated, still remains to be consumed.”

LONDON MARKETS. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram, dated September 7, from the High Commissioner for New Zoaland, London: — TALLOW. Spot market quiet. Poor demand at miction. Present quotations are : —Mutton: Fine, 41s to 41s 6d per cwt.; fair to good, 38s to 40s 6d; dark to dull, 36s to 375. Beef: Sweet and /or mixed, 39s 6d to 435; fair to good, 37s 60 39s 6d; dark to dull, 353 6d to 36s 6d. Mixed: Fair to good, 37s to 39s 6d; dark to dull, 35s 6d to 36s 6d. Gut, etc., 34s 6d to 36e 6d.

APPLES. Port Nicholson consignment cleared. Few hundred cases ex cool store now being placed on markot. Condition variable. Prices about 8s to 10s. OATS.

Business of late mostly in German oats which havo been offored very cheaply. Business has boen done in October/Novembor shipments and December shipments to London down to 20s 3d. Prices firmer now, 21s 6d being asked. Plato offered for Septembor-October shipments, 21s 3d. Now crops, January-February shipments, 22s 9d, English new crops harvesting practically completed and bulk being put back in stacks. Farmers consider prices too low. Fair satnplo new white sold up to 245. Old crop hold for 28s, as quality of now crops considered somewhat below average. Nominal value New Zealand “A” grade Gartons 27s 6d. PEAS. Markot for Corsica maple very quiet. No. 1 New Zealand partridge, SeptemberOctobor shipment; offered 61s. English harvested in good condition, but little threshing done yet. Prices 545. Old crop offered 565. Blues: Little demand and colonial neglected. Nominal value “A” grade Tasmanian, £ls to £l6; New Zealand, £l4 to £ls ex store. BEANS. Market dull for forward shipments. Chinese horse offered £9 3s 6d for Sep J tember-October shipments. _ English old crop met with some inquiry. Old crop winter offered 555. Now crop winter obtainable 51s. DANISH COCKSFOOT. Market firm with fair inquiry. Prosent valuo 725, c.i.f. HEMP.

Manila depressed and easier early this wcok, but firmer at the close. Closing values “J” grado, Soptember-Octobcr shipments, £37.

Sisal.—Market easier early this week. Fair average quality No. 1 sold £39 5s steadier at the close with buyers at £39 10s. Good marks held for £4O 10s. Sep-tembor-November shipments. Now Zealand.—Market quiet. No business reported and nominal comparative value unchanged at last quotations. WOOL. Bradford market quiet. Merino tops slightly easier; others about unchanged. BUTTER MARKET. PRICES REMAIN FIRM. (Australian Press Association.) LONDON, Sept. 8. Although business in butter cannot be described as brisk, prices remain firm. The continuance of hot weather causing a decline in production on the Continent, and with prospective arrivals from New Zoaland and Australia during the next few weeks on the small side, a further hardening of values seems not unlikely. Not much business has been done yet in New Zealand butter for forward shipment, as importers consider that the prices asked by factories are too high. Consequently, it looks as if the few early shipments from New Zealand will be consigned.

LONDON HIDES SALES. (Australian Press Association.) LONDON, Sept. 7. At the hides sales the following prices wero obtained: — Meat works, dry salted —Queensland 35 to 451bs, 9d, 30 to 401 b 9£d, 25 to 351 b, 9|d, 20 to 301 b, 93d; New South Wales, the same weights, lOd, lOd, 10id, IOJd. Wet salted —Queensland, 50 to 601 b 7id and 73d. Victorian, abattoirs, 50 to 601 b 7£d, 40 to 501 b 7id. CANADA’S WHEAT CROP. (Australian Press Association.—United Service.) VANCOUVER, Sept. 7. The wheat pool’s preliminary estimato of tho wheat production in Western Canada is 272,000,000 bushels. The Manitoba Free Press newspaper estimates tho prairie wheat yield at 266,077,697 bushels, the quality grading high. NEW ZEALAND CO-OPERATIVE ASSOCIATION. Per Press Association. CHRISTCHURCH, Sept. 8. The annual report of the New Zoaland Farmers’ Co-operative Association disclosed a gross profit of £205,615 93 3d and a net pno fit of £50,109 6s Id which, with tho balance profit of £17,023 13s 3d carried forward from last year, shows £67,132 19s 4d to the credit of the profit and loss account. The directors recommend the payment of one year’s dividend at six per cent, on first preference shares amounting to £9OOO, tho payment of two years’ accrued dividends of six per cent, on tho A preference shares amounting to £24,000, tho transfer of £IO,OOO to a special reserve account, the transfer of £SOOO to the reserve against alterations and plant account, and to carry forward tho balance, £19,132 19s 4d.

under: — s. d. N.Z. Insurance 2 8 3 Waipa Colliorics ” " V Wilson’s Cement : 2 4 4 Farmers’ Co.-op. Auctioneering B preference •. ” 1 ' " Movements based on buying prices compared with previous bids wero as follow :— RISE. s. d. Bank New South Wale3 2 0 6 1 Bank of New Zealand A-! & 0 0 3 1 0 2 P. and 0. Deferred Stock 0 0 9 3 FALL. English, Scottish and Australian 0 3 0 6 C Id U h Jit rt 0 9 South British Insurance 0 6

N.Z. GOVT LOANS— £ s. d. £ s. d. 5i p.c. Ins. Stk., 1936 101 12 6 — 41 p.c. ditto, 1938 99 17 6 — 4j p.c. Bonds, 1939 and 1938 100 0 0 5i p.c. ditto, 1936 101 15 0 — DEBENTURES— Wellington Gas Co. ..100 5 0 — Glaxo 91 0 0 — N.Z. Breweries (bonds) 1 8 2 — BANKS— . Australasia +14 11 0 Australian Bank of Commerco 1 15 6 1 16 2 Commercial of Aust. (ord.) 1 10 0 1 10 3 English, Scottish and Australian 8 8 9 — National of N.Z — 7 0 0 National of Australasia (£5) 9 14 3 New South Wales 52 0 0 — New Zealand ... 3 3 3 — Ditto (long term) 1 8 6 — Union of Australia ... 15 2 0 15 3 6 FINANCIAL— Gioldsbrough Mort ... 2 6 0 2 7 0 N.Z. Guarantee Corp. (ord.) 0 9 5 0 9 8 Ditto (prof.) 1 1 6 — N.Z. Invest. Mtge and Deposit 0 10 0 N.Z. Loan and Mercantil (prof.) 82 0 0 — Well. Deposit and Mortgage 0 10 9 ' — GAS— Auckland (paid) 1 4 4 — Christchurch — 1 6 9 Gisborne 0 13 4 — Wellington (ord.) ... 1 13 6 — INSURANCE— National 0 16 10 South British 3 5 3 — MEAT PRESERVINGGear 2 3 6 Canterbury Frozen Meat (ord.) 8 5 0 N.Z. Refrigerat. (£1) — 0 14 9 Ditto (10s) — 0 6 11 TRANSPORT— Huddart-Parker (ord.) +2 6 0 Ditto (pref.) +1 2 0 — Union Steam (pref.) . 1 1 0 — P. and 0. def. stock .. 2 17 0 — WOOLLEN— Kaiapoi (ord.) *0 14 0 Wellington (ord.) ... — 6 19 0 Ditto (pref.) — 7 1 0 COAL — Westport 1 14 6 1 15 3 Waipa 0 13 3 0 14 0 TIMBER— National 0 7 0 — BREWERIES— Crown 0 7 0 . J New Zealand 4 5 3 — Staples and Co — 2 13 3 MISCELLANEOUS— British Tobacco (Aust.) (ord.) 2 10 3 +2 10 9 Burns, Philp and Co. 2. 8 0 — Dental and Medical ... — 0 11 0 Electno. Zinc (pref.) ... — *1 18 3 Farmers’ Co-op. Auctioneering (B pref.) 0 17 0 Howard Smith (ord.j 1 4 0 +1 5 0 Newton King (pref.) . N.Z. Farmers' Fertiliser 0 11 0 — 1 2 3 1 2 9 Wairarapa Farmers’ (ord.) — 0 6 8 Ditto (pref.) 0 15 6 — Wellington Cordago ... — 0 16 0 Well. Queen’s Theatre 1 3 0 — Strand, Ltd — 1 5 6 MINING— Waihi 0 13 8 Ohinemuri — 0 10 11 Mahakipawa 0 0 1 — *Ex dividend. +Cum. dividend.