FARMING AND COMMERCIAL
FARMING NEWS. RURAL RAKINGS. Tho Director of the Fields Division, Mr J. W. Deem, when. Visiting Hawke’s Bay recently, commented very favourable on the crops of mangolds that he saw during his visit* This crop is certainly a very valuable addition to the supplementary feed position, in. Hawke’s Bay. Lucerne also continues to play a most important part in the feed problems of the province. One of the heaviest nor’west gales experienced in. Canterbury for some time swept over the SoUthbridge district on Saturday. Grain crops Were battered down, stooks' levelled, trees blown down and orchards stripped of their fruit. Many farmers, wishing to save their wheat crops, reaped against the force of the strong wind, which abated toward evening, when the hum of tho binders was heard while daylight lasted,
■ A vigorous war is being waged in Christchurch on earwigs, which are invading homes and gardens in unusually large numbers this year (eaya the Times). One resident has been very successful in his activities, and each evening catches hundreds of the pests. Instead of throwing away his empty wooden match boxes, he places them at intervals in his garden, leaving the lids partly open. Each evenihg he traps dozens of earwigs, which crawl inside tho boxes either out of curiosity or for shelter. The pests are then despatched by the simple process of pouring scalding water ovor them. The weather has been showery during the past week and farmers have found it difficult to proceed with shearing operations (says the Southland News). There are still a good many sheep to bo shorn on the down country farms, but the stations, at the present time, ere busy cuttions generally have practically finished shearing operations for the season. Farmers, at the present time, are busy cutting and stacking* hay, and also , thinning turnips. There have been some very good strikes of both turnips and rape, and present prospects' arc that thero should bo no shortage in this line for the coming winter. There are quite a number of lambs already weaned and put on rape, and from now onwards farmers will'be going ahead | with thi3 procedure.
| The Danish farmer ■ provides three pigs I per cow, and does -them well; the New I Zealand farmer keeps three-cows per pig and does it indifferently, - states the New Zealand '.Dairyman. That journal • also adds; “In New Zealand we havo tho same facilities, indeed we have greater advantages in many ways. . . . . We have given up all hope of any Government help or subsidy. At a time such as the present, the producers must learn to help themselves. A levy and export bounty, afford tho means, and no Government would'dare to refuse its sanction to such a .scheme if put forward with anything like unanimity by the industry. In making such a scheme its definite dbjective, the New Zealand Co-operative Pig ; Marketing Association, or any other organisation, would render an inestimable j service to the New Zealand pig industry.’’ I A striking example of the keeping qualities of good ensilage comes from Hatuma, where Mr John Williams was one of the first farmers in Hawke’s Bay to experiment with this form of fodder. Fourteen years ago, being badly troubled with thistles in a lucerne stand, he cut the crop with a reaper and binder and converted it into ensilage, digging a pit for tho purpose. From that Hate until a few weeks dgo, when Mr Williams decided to make more ensilage from lucerne, the pit had not been touched, Mr Williams being fortunate in that he had not had to use all his supplementary fodder resources during that period. Mr Williams anticipated that the silage in the pit would be useless after such a period, and decided to dig it' out, in order to use the pit for the season’s conservation. On removing the covering on the top of the pit. however, he found that the material within was in excellent order, being the dark brown type of ensilage, similar to tobacco in colour, but with the lucerne and thistles still clearly apparent in its composition. On commencing to clean out the pit, Mr Williams found that, despite the fact that he haa a good growth of grass on his property, the stock took keenly to the silage, although they had not been broken, to this class of fodder before.
WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. Good business was dono on the Wellington Stock Exchange yesterday. Twelve sales were recorded, six being Government stocks and bonds. Thero was a marked contraction in the list of. buying quotations. Thero was less demand for Government securities, but the prices offered were firm. The 54 per cent, bonds, 1937, were 5s higher at £99 15s; the per cents, 1937, were up 2s 6d at £95 2b 6d. The 54 per cent, stocks and bonds, 1936, were firm at £99 ss, with sales reported at £99 10s and £99 15s. Bank shares were in moderate demand. Commercial Bank of Australia, ordinary, were firm at 14s Bd, with a sale on ’change at 14s 9d. Bank of New Zealand were steady at 433 lid, and the long term shares were unchanged , at 2Es. Union Bank were firmefr at £7 Bs, and there was a sale reported at £7 10s 6d. Bank of New South Wales were offered for sale at £27 15s, 5s lower than tho previous quotation. ,-Goldsbrough, Mort and Co. wore firm at 23s 2d, with a sale reported at 23s 6d. N.Z. Loan and Mercantile ordinary stocks were firm at £39. .Wellington Gas, ordinary, were up 4d at 26s lid, cum. dividend. New Zealand Breweries at 25s were 6d lower. British Tobacco wore up 9d at .265. Bd, with sales reported at 26s 9d and 26s 74d. Colonial Sugar advanced 10s to £4O. Eleotrolytic Zinc preference were steady at 20s 3d. Mount Lyell were 3d higher at 203 9d, and Waihi were firmer at lbs»7d.
YESTERDAY’S QUOTATIONS.
Buying and selling quotations at yesterday’s final call on the Wellington Stock Exchange were as follow 'X3 - 'G
FOREIGN EXCHANGES
LONDON, .Jan. 25. The following ralea on foreign exchanges were current to-day, as compared with par:— '
GOLD AND SILVER.
LONDON, Jan. 25. Gold. —£6 tfe 9d per fine ounce. Silver.—Cash, 19id per ounce: forward, 19 11-16 d.
WHEAT PRICES
„ LONDON, Jan. 25. Wheat cargoes to-day were featureless in sympathy with lower American advices. Stllere offered to accept lowor prices, but there wore no buyers. Part of an unnamed cargo on passage from Victoria was sold on Saturday at 27s 44d a quarter. Parcels were obtaianble cheaper, but business was small. Sales, ex Baradino and Idomeneus, in bags, were made at 26s 6d. Futures: London, February, 23s lid a quarter; Juno,. 24s 7d; Liverpool, March, 5s Id per cental; May, bi 3Jd; July, 5s 6d. • ' '
AUSTRALIAN WOOL SALES. MELBOURNE, Jan. 26. At the wool sales to-day, competition was keen,. with strong buying by Japan. Values remained firm at recent Sydney levels. Tho offerings totalled 10,300 bales, and practically all was cleared. . ADELAIDE, Jan. 26. Tho average price realised for wool last week was £lO Os lid a bales for greasy, compared with £9 13s 3Jd at the previous sales in December. 1
JOSEPH NATHAN AND CO. DIVIDEND 8 PER CENT. Preliminary information indicates that the accounts of Joseph Nathan and Company, Limited, proprietors of glaxo, will show a net profit, subject to audit,
of £52,137, as compared with £68,066 last year. In view of the abnormal trading conditions, coupled with .exchange restrictions, the directors regard tho results as satisfactory. At the annual meeting to be held in March, directors will recommend payment of the regular dividend of 8 per cent, on preferred ordinary shares. — Auckland Star. • .
Buyers. 'Sellers. N.Z. GOVT. LOANS— .£ s. d. £ s. d. 44 p.c. bonds, 1938 ... — 95 10 0 5i p.c. ditto, 1937 99 15 0 100 0 0 54 p.c. ditto, .1937 95 2 6 — 54 p.c. ditto and Ins. Stk., 1933 — 99 10 0 54 p.c. ditto, and Ins. Stk., 1936 99 5 ( — 44 P.c. Ins. Stk. and 1939 and 1938 — 95 5 0 54 p.c. ditto, 1937 — 100 2 6 54 p.c. ditto, 1933 — 98 15 0 61 p.c. ditto, 1937 95 0 U — DEBENTURES— Otago Harb Board, 53 p.c., 1938 — *102 5 0 BANKS— Commercial Aust., ord. 0 14 8 — National N.Z — 3 17 6 New South Wales ., • — 27 15 0 New Zealand 2 3 11 2 4 a Ditto, long term 15 0 — Union of Aust *7 8 0 — FINANCIAL— Goldsbrough Mort ... 1 3 2 : . N.Z. Guar. Corp., ord. 0 4 6 0 5 6 Ditto, pref 0 19 9 — N.Z. Invent., Mtg. and Deposit — .0 9 9 N.Z. Loan and Merc., ord. 39 0 0 48 0 0 • Well. Invest,, T. & A. — 0 10 0 Well. Trust and Loan — 6 5 0 ■ Well. Dop. and Mtg. — 0 9 10 GAS— Wellington, ord 1 6 11 *1 7 0 MEAT PRESERVING— Gear — 1 8 9 Well. Meat- Ex., pref. — 0 15 0 TRANSPORT — P. and 0. Stock 110 — Kelburn Tram, ord. ., — 1 8 6 WOOLLEN— Kaiapoi, ord 0 5 0 — TIMBER— Kauri — 0 11 0 BREWERIES— New Zealand' 1 5 0 1 6 3 Staples and Co — 1 7 6 Tooth and Co .' 1 3 0 — MISCELLANEOUS— British Tobacco, ord. .16 5 1 7 3 Colonial Sugar 40 0 0 — Electro. Zinc, pref. ... 1 0 3 1 1 0 Howard Smith, ord. . — 0 10 0 National Electric 0 10 0 * N.Z. Paper Mills 0 17 6 — Wilson’s Cement * — 1 14 9 Woolworthe, pref .; 14 -9 — MINING-?*.' - - -rfr Mount Lyell T 0 9 • Waihi 0 16 7 0 16 10 *Cum. dividend. JPrincipaKand-interest payable in London.
Jan. 25. Par. New York, dol. to £1 ... 3.44 4.866 Montreal, dol. to £1 3.99 ' 4.866 Peris, francs to £1 87.375 124.21 Brussels, del. to £1 24.65 35.00 Geneva, franca to £1 17.65 25.225 Amsterdam, florinB to £1 8.54 12.107 Milan, lire to £1 68.625 92.46 Berlin, marks to £1 14 9-16 20.43 Stockholm, knr. to £1 ... 17.875 18.159 Copenhagen, knr. to £1 . 18.125 18.159 Oslo, knr. to £1 18.375 18.159 Vienna, sohgs. to £1 *30.00 34.585 Prague, knr. to £1 Hel'fors, marks to £l \... 116 164.25 232.50 193.23 Madrid, pes. to £1 41 5-16 25.225 Lisbon, esc to £1 109.75 4.50 Athens, drach. to £1 270 375 Bucharest, lei to £1 575 813.60 Rio do J.. p. to mil. ... 4A 16.70 B. Aires, p. to peso 39.50 47.62 M. Video, p. to peso *31 51 Calcutta, p. to rup 18 3-32 18 Shanghai, p. to tael 22 3-16 Hong-Kong, p. to dol. ... 17 5-16 — Yokohama, p. to yen ... 25.50 24.582 Batavia, florins to £1 ... "Nominal. — 12.107
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Manawatu Standard, Volume LII, Issue 48, 27 January 1932, Page 5
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1,782FARMING AND COMMERCIAL Manawatu Standard, Volume LII, Issue 48, 27 January 1932, Page 5
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