FARMING AND COMMERCIAL

Manawatu Standard, Volume LII, Issue 49, 28 January 1932, Page 5

FARMING AND COMMERCIAL

ACROSS THE RANGES.

DAIRY COMPANY OUTPUTS.

From Iho reports furnished below it will be readily seen that the effect of . the dry weather and a shortage of feed is exemplified in production returns. Milking cows are .going off rapidly now, and unless, there is rain vory soon to bring about an autumn growth of grass the present season will terminate much earlier than in past years. •*A number of Woodville dairy farmers havo been unable to shut up hay paddockß owing to a shortage of feed, and ono dairy farmer stated that he has just purchased six tons of hay at £4 a ton landed on the farm. Other farmers in a similar position are likely to follow this course and purchase requirements of hay early a 3 in tile event of a shortage in the,winter the prices will not be as moderate and the demand keen. Dairy farmers who., have mado provision for the autumn in the way of green fodder will find it very useful just now when feed is scarce. Papatawa Dairy Co. The . I apatawa Dairy Company, operating in the manufacture of cheese is at present producing 23 export cheeses daily, and reports that die supply is falling off. The high quality grading reports aro being maintained. , ... , « Kiverbank Dairy ' Co. (Woodville). On January 25th, 1931, the above factory handled 47 export cheeses, and as a result of the present indifferent season tho output on January 25th,. 1932, was 42 export cheeses. Five vat 3 are needed to accommodate the volume of milk handled at present. Grading figures are reported to. be high Snd on a par with last year. Woodville Dairy Company.—The present output of the Woodville Dairy • Company is & export cheeses daily, and grading reports are good. The supply is diminishing rapidly.

HAWKE’S BAY PASTURES. EXODUS OF STOCK. Motoring through to Napier it was observed that the country as far as Waipukurau bears the same apearance as in the Manawatu. Pastures are brown and dry, and require, a good downpour of rain. From Waipukurau to Napier the oountryside seems to have suffered more severely, os the pastures are absolutely parched for the want of rain and tho sheep and cattle reveal the effects of the drought in their poor condition. Largo flocks of sheep have made an exodus to the Manawatu in quest of more abundant feed and no less than six flocks were passed on tho road headed in the direction of this district ' while numerous trucks of .sheep/are being handled daily at this centre., . , Well boring is very popular in the Hawke’s Bay district at present, and on many farms one can see that operations

are in- progress for securing water supplies. . The- paddocks and hills are literally dovoid of gram and the green leaves of the willows and poplars stand out in striking contrast. Between Dannevirke and Waipukurau there are some very good patches of . mangolds and red clover to be 6ecn, and .also, freshly ploughed ground. It is stated that prior to the recent rain, the Dannevirke and Waipukurau districts were almost as bad as those nearer Napier. Ensilage appears to, be popular in tho Hawke’s Bay district where it is understood to be used extensively. l WHITE BUTTERFLY. Hawke’s Bay farmers and residents in general aro suffering from the ravages of an insect Which resombles tho common black and white butterfly. -This now pest attacks all green fodder and household gardens are seriously affected, while cabbages are practically becoming exterminated. Paddocks of rarie for' dairy stock are savagely attacked ana the plants stripped bare to the stalks. Tho white butterfly is believed to havo been imported with timber into this country,. and unless some method of extermination is entered upon there is' every prospect of the pest increasing in numbers and becoming a problem of national concern, as it is evident that it will spread to other districts and not confine its depredations to one area in particular. v WOOL AND MEAT EXPORTS. WELLINGTON - FIGURES. ‘ Cargo statistics for the Port of Wellington for December showed a decrease of 56,602 tons aB compared with the same month, of tho previous year, according to figures supplied to the Harbour Board at a mooting last evening. The decrease was principally in bulk oil, - coal and general cargo imports;. Wool . exported, however, showed an in-" . crease of 5722 bales, and frozon meat an increase of 209 tons. Tho total tonnage handled for*the month was 90,4444 tons. “There is not very much that I can . say i nthis regard,” the chairman. Mr C. J. B. Norwood, remarked. “There's , just one bright spot, however. That is : in the figures for the wool and frozen meat exports.”

WELLINGTON STOCK EXCHANGE,

YESTERDAY’S BUSINESS AND PRICES.

On tho Wellington Stock Exchange yesterday thcro was a moderate demand, and values were steady. Government securities wero slow. The 5i per cent, stocks and bonds, 1937, wero stoady at £95, but tho 54 per cont. bonds, 1937, wore 2s 6d lower at £99 12s 6d. Tho 54 por cont. stocks and bonds, 1936, were firm at £99 ss. Tho 5i per cent, stocks, 1941, were in dejnand at £95 10s. Bank shares were steady, with little doing. Commercial Bank of Australia, ordinary,' wero up 2d at 14s lOd, with a salo on change at 14s Ud. National, Bank of Australasia, £lO paid, were in demand at par. Bank of New Zealand wero firm at 445, and Union Bank were unchanged at £7 Bs. ' * Dalgoty and Co. were firm at £7 9s. Goldsbrough, Mort and Co. wore slightly easier at 235. New Zealand Guarantee Corporation wero Unchanged, tho ordinary at’ 4s 6d, and tho preference at 19s 9d. Christohurch Gas were firm at 26s 9d, cum dividend. • P. and 0. deferred stock wero again in demand at 21s, with .no sellers. Woollen shares wero steady, Kaiapoi Woollen, ordinary, at ss, Wellington Woollen, ordinary, at £4 and preference at £4 7s 6d. New Zealand Broworios were up 6d at 25s 6d, and Tooth apd- Co. wero steady at 235. > British Tobacco were firmer at 26s 6d, with sales reported at 26s 7d and 26s Bd. Colonial Sugar were up 5s at £4O ss. Electrolytic Zino were firmer at 20s 4d; Now Zealand Paper Mills wore unchanged at 17s 6d. Wilson’s Cement wore wanted at 32s 6d,. with sellers at 33s 9d. Mount Lyell Mining were steady at 20s 9d, King Solomon at 2s 2d, and Golden Dajvn at 7s 6d.

, YESTERDAY’S QUOTATIONS.

Buying and selling quotations at yesterday’s final call on tho Wellington Stock Exchange were as.follow: —

YESTERDAY’S SALES. The following sales wore recorded on the stock exchanges of the Dominion yesterday: — ]' • Wellington.—Commercial Bank of Aust., ord., 14s lid; British Tobacco, ord., £1 6s id, £1 6s 8d; Mount Lyell, £1 Os lid. Auckland. —Inscr. Stock 44 p.c., 1938, £95; 54 p. 0., 1933, £99 2s od; Union Steam, prof., £1; N.Z. Browcries, £1 6s Id; N.Z. Farmers’ Fertiliser, 12s 6d; Wilson’s Cement, £1 13s. Christchurch. —Commercial Bank of Aust., 14s lid; Bank of Now Zealand, £2 4s 3d, £2 4s 4d, £2 4s sd; British Tobacco (2), £1 7s; Dunlop-Perdriati, 11s 9d; Cornish Point, 3d; Golden Dawn (2), 7s lOd, 7s 9d; Golden Point, lid,. ,(3) 10id, lOd; King Solomon (5), 2s id; Okarito (3), 9s Bd. Salos roportcd: Bank of Now Zealand, £2 4s 4d, £2 4s 6d; Goldsbrough Mort, £1 4s; British Tobacco (2), £1 6s lOd, £1 6s lid. Dunedin. —N.Z. Breweries, £1 6s. Sales roportcd: Bank of Now Zealand, £2 4s 4d; Eng., Scot, and Aust. Bank, £4 8s; Inscr. Stock, 54 p.c., 1933, £99 10s.

FARMING NEWS.

RURAL RAKINGS. Killings this season to date at the Kaiti . (Gisborne) works havo totalled over. 240,000 Carcases, an increase of more than 100,000 . as compared with the tally to the same date , of last season. r The cocksfoot crop in South Otago this . year is at present looking particularly heavy i and a number of unemployed are, 1 it is said, , making arrangements with the County j Council to harvest the crop growing on tho , “long paddock.” , “How long do you keep your cows bc- . fore you cull them ?’’ was the. question aski ed of a dairy farmer charged with selling , milk below standard in a South. Island Police Court. “I do not like taking tho lifo of a faithful servant,” was defendant’s way of answering the question. , 'The Government of Saskatchewan has , just been paid 10,000 dollars (£2OOO at : par) for a dead cow. This animal was Can- | ary Komdyke Alcarta, world’s champ.on . milk producer, which died recently at tho [ University of Saskatchewan. The Govern- , ment paid 10,000 dollars for it, and had it' insured for tho full amount. So poor has been the yield of honey , this Boason that beekeepers will probably , be put to somo expense to keep tnoir colonies alive through the winter. One pro- ' ducer in the vicinity of Christchurch has announced that he will have to feed a ton and a-hojf of sugar to save hie bees. Usually, of course, sufficient honoy is left to supply the needs of the hives. - That production is being well maintained in tho dairy industry in indicated by the fact that well over three-quarters of a million boxes of butter and a quarter of a million crates of cheese will leave the Dominion during the next seven woeks. Including ships now loading, allotments of shipping space for that' period provide for 25 ships to load 787,364 boxes of butter and 258,200 crates of 'cheese. Pumpkin crops in Hawke’s .Boj# this year aro all in good order and ‘condition and heavy-yields are anticipated. The introduction of Poverty Bay seed into Hawke’s Bay this season before last as an experiment resulted very satisfactorily, • and as a result a number of Hawke’s Bay pumpkin growers now order their sed • from that source. A orossing of Poverty Bay and Hawke's Bay Btrains has also proved of value, both in increasing tho size of the individual pumpkins and materially multiplying the yields. Pumpkin* are grown in those districts -for sheep-feeding. LIVE STOCK-MARKET. ADDINGTON SALE. SHEEP OFFERINGS STEADY. Per Press Association. CHRISTCHURCH Jan. 27. The entries in the principal sections of the market at Addington to-day were slightly smaller than at recent Bales, and generally speaking a good clearance was effocted. Store Sheep.—Ewes mado up the bulk of the adult store aheap entry.. There was an extremely dull demand, ’and use-ful-looking ewes sold a.t bargain prices. The- wethers forward were nearly all passed. Values were: —Medium 2 and 4-th three-quartorbred ewes (woolly), to 8s 3d; 4 and 6-th crosbred ewes, to 7s 8d; s.m., to ss; ordinary 4 and 6-th halfbred owes, to 4s 7d; aged and inferior, 8d to 2s. ' Store Lambs.—A largo entry of indifferent quality. The demand was weaker than late rates. Values were: Good mixed sex lambs, to 8s 8d; medium, 6s 3d to 7s 3d; ordinary, 4s 3d to 6s; inferior, 2s to 4s. Fat Lambs. —A yarding .of 3800 head; with many light and plain sorts. 1 Exporters keenly at 4d over the schedule rates. Butchers’ requirements were not large, but prices were unchanged. Values were; Extra prime, to 20s 7a; irimo, 16a 6d to 18s 6d; medium, 13s to L 6&; light, 8s 6d to 12b 6d. Fat Sheep.—An entry of 4800 met with a steady sale, with no quotable change in values. Prices were: Extra prime heavy wethers, to 19s Id; prime, 17s to 18s 6d; medium, 14s 6d .to 16s 6d; ordinary, 11s 6d to 13s 6d; light 9s to 11s; prime heavy ewes, to . 12s 4d; medium weight, 93 6d to 11s 6d; ordinary, 7s 3d to 9s; light, 5s to 7s. Fat Cattle. —An ,entry of 425 head, including a few pens from the West Coast. The average quality was, below that of recent markets, The, demand for all except best beef was extremely dull. Cows and heiferß eased 10s to 15s a head, and steers were hard to quit except the very best penned. Best beef made 20s to 24s per 1001 b; good, 15s 6d to 19s; heavy, 12s to 15s; inferior down to 10s; and rough, down to Bs, Values were: Extra prime heavy steers, to £l2 7s 6d; prime, £8 to £lO 10s; medium, £5 10s to £7 10s j ordinary, to £2 15s; extra, prime heifers, .. to x>; 7s 6d; prime, £5 15s to £7; medium, £3 to £6; light, to £2 10s; extra prime cows, to £8 2s 6d; prime, £4 to £5 ICte; medium, £2s 5s to £3 10s; light, to £2. Fat Pigs.—The entry was a medium one, and over the earlier stages prices were 4& to 5s a head better. The keenness, however, disappeared as the sale progressed. Values were: Choppers, £2 to £4 13s 6d; baconers, 37s to 44s 6d; heavy baconers, 46s 6d to 50s 6d; extra heavy, to 55s 6d; average price a lb, 3£d to 4ld; porkers, 25s 6d to 28s 6d; heavy porkers, 29s 6d to 34s 6d; average price a lb 5d to 6£d. : . ~ JOHNSONVILLE SALE. At Johnsonville yesterday-Wright, Stephenson and Co., Ltd;, and Abraham and Williams, Ltd., offered a full yarding of cattle and a medium yarding of. sheep. Good bullocks sold on a par with last week’s rates, while plainor Borts were not in demand. Cows were dull of sale, showing a decline of from 7s 6d to 10s per head, hile vealers wye slightly easier. Owing to a smaller yading of sheep the demand was good, prices fqr, wethers and ewes being on a par with last week’s rates, while lambs met with a dragging sale. Cattle. —Prime heavy bullocks, £8 7s 6d, £8 2s 6d, £B, £7 17s 6d, £7 15s, £7 12s 6d, £7 10s; medium bullocks, £7, £6 17b 6d, £6 15s, £6 12s 6d, £6 10s, £6 ss, £6; light anl unfinished bullocks, £5, £4 10s, £4 7s 6d, £3 ss; prime heavy cows, £3 15s, £3 12s 6d, £3 10s, £3 ss, £3 2s 6d £3, £2 14s: light and unfinished cows and heifers, £1 12s 6d, £1 7s 6d, £1 3s; boner cows, 11s; runners, £2 85,.. £2 4s, £2 Is, £2, £1: 19s, £1 16s. £1 14s, £1 11s, £1 10s; vealers, £1 5s od, 20s, 15s, 12s, 11s. Sheep.—Prime heavy wethers, 13s 10d, 13s Id, 12s 6d, 12s sd, 12s 3d; medium . wethers, Us 10d, 11s 9d; prime heavy ewes 9s Bd, 8s lOd, Bs, 7s 9d, 7s 8d; medium ewes, 7s 3d, 7s, 6s lid, 6s 9d, T6s 6d; light and unfinished ewes, 6s 4d, 5s 8d; heavy springing lambs, 13s 6d, 12s 3d, 12s, 11s Bd, 11s 6d; springing lamb, 10s lOd, 10s ad, 10s 4d, 9s lid ;i light springing lambs, 9s 2d, 9s Id, 95,-8s 6d.

AUSTRALIAN SHARE MARKETS. .. ' ■' SYDNEY, Jan. 27. The turnover on the Sydney Stock Exchange to-day ‘ was below ' normal. There was a rather sharp reaction in Australian consols in sympathy with the deoline in Melbourne yesterday. The 4 per cents., 1938, foil 11s 3d to £94 3s 9d; .and the 1944*8 10s to £93 10s. Long-dated issues suffered a similar set-back. Commercial Bank of Sydney, on an oxdividend basis, were quoted higher at £l7;. Bank of Now South Wales had a sale at £3O 2s 6d; Commercial Bank of Australia at 17s. A. Colonial Sugar sold at £46 12s 6d and £46 10s; United Insurance, £8 12s 6d; Australian Provincial Insurance, 4s lid; Other sales woreßritish Tobacco, 29s 6d; ditto,-. Melbourne register, 29s 71d; Australian Gas B, £5 15s; Tooths,, 26s 104 d; Toohoys, 17s 9d; Broken Hill Proprietary, 16s 9d; North Broken Hill,, 69s 6d;; South Broken Hill, 47? 6d; Electrolytic Zinc, pref., 24s 6d. _ MELBOURNE, Jan. 27. Early sales woro: —Commercial Bank, 16s lid; ditto, pref., £7 ss; Dunlop Pordriau, 13s 7d; ditto, pref., 27s 6d; Goldsbrough Mort. 26s 9d; South Broken Hill, :48s; North Brokon iHill, 69s 3d;. Zinc Corporation, 31s 104 d. SYDNEY WOOL SALES. SYDNEY Jan. 27. At teh wool salos to-day, the offerings were 10,766 bales, of which 10.104 worn sold at auction; also 2100 were sold privately. Competition was spirited and sustained, and values were very firm. - Greasy-Merino sold up to 184 d.

METALS MARKET. , , ' SYDNEY, Jan. 27. Tho official London (middle) quotations for Tuesday, as received by tho Australian Minos, and Metals Association, compare as follow with those previously cabled

Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ s. d. 4£ p.c. bonds, 1938 ... , 95 10 0 SA p.c. ditto, 1937 5J p.c. ditto and Ins. ' 99 12 6 — Stk., 1937 5£ p.c. ditto and Ins. 95 0 0 — Stk., 1933 — 99 10 0 5£ p.c. ditto, and Ins. Stk., 1936 4£ p.c. Ins. Stk., 1939 99 5 0 - and 1938 — 95 0 0 5£ p.c. ditto, 1937 — 100 5 0 61 p.c. ditto, 1941 DEBENTURES— 95 10 0 Well. .Racing Club ... Thames County Couhcil — 100 0 0 5£ p.c., 1959 — 96 0 0 BANKSCommfcrcial Aust., ord. 0 14 10 -1 National N.Z — 3 17 6 National A’asia. (£10) 10 0 0 New South Wales ...i.. — 27 10 0 New Zealand 2 4 0 2 4 9 Union of Aust FINANCIAL*7 8 0 — Dalgety and Co. Abraham and Williams, 7 9 0 , - 4 0 0 Goldsbrough Mort .... National Mortgage .... 1 3 0 2 0 0 N.Z. Guar. Corp., ord. 0 4 6 0 5 3 Ditto, pref N.Z. Invest., Mtg. and 0 19 9 — Deposit N.Z. Loan and Merc., — 0 9 9 4R n 0 Well. Dep. and Mort. 0 10 0 GASChristchurch MEAT PRESERVING— 1 6 9 *1 8 0 1 8 6 TRANSPORT— Huddart, Parker, ord. — 1 7 0 P. and 0. Stock 1 1 0 Kelburn ' Tram, ord. .. WOOLLEN— : 1 8 6 Kaiapoi, ord 0 5 0 — Wellington, ord 4 0 0 — Ditto, pref..- j....... COAL4 7 6 — 6 Westport TIMBER— ■ T. 1 4 0 7 6 BREWERIES— 1 \ New Zealand 1 5 6 — Staples and Co Tooth and Co. ..1 3 0 1 7 6 MISCELLANEOUS— British Tobiioco,. ord. 1 6 6 1 7 0 . Colonial Sugar 40 5 0 — Dental and Medical . 0 4 6 — Electro.- Zinc, pref. ... 1 0 4 — National Electric ...... — 0 10 0 N.Z. Paper Mills 0 16 6 ■ Wilson’a Cement 1 12. 6 1 13 9 Woolworths) pref MINING— 1 4 6 —• Mount Lyell 1 0 9 — King Solomon ............. Golden Dawn .....'. 0 2 2 0 2 4 0 7 6 — *Cuin, dividend.

•, • ■ , r * ,:[< Jan. 21. Jan. 26. i Per ton. Per ton. Copper— £ 8. d. £ 8. d. Standard, 1 spot 39 8 9 39 0 7* Standard, forward 39 10 0 39 3 H Electrolytic 45 10 • 0 46 0 0 to 47 10 0 Wiro bars 47 10 0 — Lead— Forward 14 17 6 15 0 0 Spot Spelter— 14 16 5 14 18 9 Spot 14 8 9 14 8 9 Forward 14 16 3 14 16 3 TinSpot 141 7 6 140 6 3 Forward 144 8 9 143 6 3 Silver— Standard, per oz . 19 l-8d 19 5 *16d Fine, per oz 20 3-8d 2013-16d