FARMING AND COMMERCIAL

Manawatu Standard, Volume LII, Issue 52, 1 February 1932, Page 5

FARMING AND COMMERCIAL

CHEESE FACTORIES’ OPERATIONS

Tho Tiakitahuna Co-opcrativo Dairy Co. aro at present manufacturing 15 cheeses daily a 3 against 17 in December; 11,000 lbs of milk aro delivered daily compared with 12,500 last month. The pay-out for December was B£d. 1 ' > Tho Manawatu-Rclianco Co-op. Dairy Co., Ltd., aro making 21 cheeses daily as agafnst 23 in December. 15,400 lbs of milk aro delivered daily compared with 17,000 in December. BAd was tho payout for December. ' . Mangawhata Co-opcrativo Dairy Cp., Ltd., aro manufacturing 36 chooses daily compared with 60 in December. 27,500 lbs of milk aro taken over tho scales every morning as' against 40,000 in December, 9d was the pay-out for December. Mangawhata is still at tho head qf tho list at tho grading stores at Wanganui. Rangiotu Co-opcrativo Dairy Co., Ltd., aro at prosont making 16 cheeses daily as compared with 18 in December, 11,500 lbs of milk are taken over tho scales every morning compared with 13,300 in December. 9d was tho last pay-out. Oroua Downs Co-opcrativo Dairy Co., Ltd., are manufacturing 48 cheeses daily comparod with 56 in December; 36,000 lbs of milk aro delivered to the factory at presont, as against 44,000 lbs in December. lOd was tho last pay-out. FARMING NEWS. rural"rae:ings. That the spraying of ragwort with sodium ohlorato has been a big success on the Wanganui River lands is stated by Mr H. Cleland, stock inspector, who has returned from an inspection of the farms between Wanganui and Pipiriki. A greater number aro going in for spraying this year in preference tio cutting the weed, he stated. Tho stock are all in good condition, and the natives working under the Ratana development scheme are doing good work in clearing noxious weeds from that locality. The natives are building new and up-to-date dairy sheds with concrete floors, and yards, and ensilage and hay are being made for winter feed.

The realisations at last month’s wool sale at Wellington wore £4588 better than in December.' Although last montn’s offering at 18,889 bales was 3339 bales less than at the previous sale, the actual number of bales sold was 16,058, as against 15,867 in December. The Wellington Woolbrokere’ Association supplies the following details of tho results of the January sale:—Bales offered, 18,889 bales sold, 16,058. Bales passed in, 2831. Net Weight, 5,438,5861 b. Gross return, £123,810 4s. Average per bale, £7 14s 2jjd. Average per lb, 5.463 d. It is interesting to note that the January sale shows a slight improvement on tho December sale, when the average per balo was £7 10s 3d, and the average per lb. 5.164 d. The advance on the December sale is approximately one-third of a penny per lb, and 4s per bale. The prospects are that at the next sale, which will be held on February 11, there will be a further slight improvement. With tho amount of. trouble that has emanated from the activities of the cabbage butterfly in our midst in the past tew months, Hawko’s Bay farmers axe ally keenly interested in any steps which are being taken for the eradication of this post (says tho Napier Telegraph). From a Napire resident, Mr A. W. D. Stuart, comes the news of a certain rare species of creeping plant, the flowers of which _ attract the butterfly and at the same traio spell death to the pests The botanical name of this creeper, which is a perennial, is Ajar Maidenii and it is extremely rare in New Zealand, Mr Stuart having brought the seed back from Egypt, whore he was stationed during the war years.

The creeper bears a white flower, tho heart of which is filled with honey. This attracts tho butterfly, which goes to got tho honoy, but as 6oon as its Tcclers penetrate tho honey chamber, this closes up and the butterfly is hold fast. Thousands of butterflies aro perpetually hovering over the spot whero tho creeper is growing, the flowers -being very numerous. On a recent morning, Mr Stuart’s son collected 200 in tho space of a few minutos. DAIRY PRODUCE. LONDON MARKETS. BOARD’S REPORT. The price of New Zealand salted butter in London advanced 5s to 6s a qwt. last week, closing at 99-102 s. The advance was due to considerable buying and dealing in delivery owing to the strike. The market closed quiet on Friday. Retail prices were unchanged, New Zealand at Is Id and Danish at Is 2d. An advance of 4s in the wholesale price of cheese was recorded last week.

The Empire Marketing Board’s estimate of stocks of all butters in store as at January 23 was 403,247 boxeß, compared with 301,312 boxes a year ago. The Dairy Board’s London, office ieports that N.Z. butter in store last week was 2739 tons, as against 4619 tons a year afeo. N.Z. cheese in store was 48,400 crates, as against 77,330 crates.

Friday’s closing prices, with those for the previous week in parentheses, were reported by the London office of the Dairy Board as follow: BUTTER. New Zealand, salted, 99-102 s (94965; January 30, 1931, 112-114 s);. unsalted, 110-112 s (110-114 s; January 30, 1931, 114-116 s; (99-102 s); equals approximately 10Jd f.o.b. First whey, 94s (90s); second whey, 925.(885). Australian, salted, 97-IQO (92-955); unsalted, 104-108 s (104-108 s). , Argentine, unsalted, 94-98 s to 100 s (94-98 s). Danish, 117 s f.0.b.; 121-124 spot (ii i-i ißs). . ; ' . The board has also received the following 'advice from its agents in Canada : Butter, New York, 22 cents; Montreal, 19 cents. CHEESE. New Zealand, white 60-61 s; ex., 62s (56-675; January 30, 1931, 53-545); coloured, 59-60 s; ex., 61s (55-565; January 30, 1931, 53-545) 59-61 s; equals approximately 5Jd f.o.b. Canadian white and coloured, 68-70 s (68-70 s). English, finest farmers’, 100-108 s (100-108 s). FROZEN MEAT. LONDON, Jan. 30. Australian sheep: First quality crossbred and-or Merino wethers, 40651 b, 3d; second quality, 30-55, 3Jd; ewes, 30-551 b, 3d. i Argentine sheep.—First quality crossbred wethers, 48-641 b, 4d; 65-72, 3id. ' . Australian lambs. —Victorian, first quality, 37-421 b, 4|d; other -States, first quality, 361 b and under, 4sd; 3742, 4Jd; Victorian second quality, 36 lb and under, 4|d. Patagonian lambs.—First quality, 361 b and under, s|d.

The New Zealand Meat Producers’ Board has received the following cable from its London office, dated 29tn January, advising that the following are the approximate average prices realised for the week, based on actual transactions of wholesale quantities of the "descriptions of meat mentioned and are for representative parcels of the goods offering ■ during the week, being for business done on the' basis of delivered to Smithfield market and/or ex London stores, prices for the two previous weeks being Bhown in parentheses: —New Zealand sheep, Canterbury and North Island selected, crossbred wethers and maiden ewes, 48/56, 4)d (3 7-Bd, 4d); 57/64, 4|d (3 7-Bd, 3 7-8 d); 65/72, 4d (3 3-4 d, 3 3-4 d); North Island do., 48/56, 4id (3 7-Bd, 3 7-8 d); 57/64, 4id (3 7-Bd, 3 3-4 d); 65/72, 4d (3 3-4 d, 3 3-4 d); ewes, 48/under, 3|d (3d, 3d); 48/64, 23-4 d (23-4 d, 23-4 d); 65/72, 2Ad (2Ad, 25-8 d). New Zealand lambs, Canterbury, 36/under, 5Ad (6d, 6id); 37/42, 5 3-4 d(5 3-.4d, 5 3-4 d); '43/50, (not quoted, sid).; second quality, average 33, (not quoted, 4 3-4 d); other Southland brands, not quoted). Selected new season’s North Island brands, including Downs, 36/under, 6 3-4 d (6Ad, 6 5-8 d); 37/42 and 43/50, not "quoted; second quality, average 31, 6d (5 3-4 d, 5" 3-4); other North Island brands, first quality, 36/under,, 6)d (6d,- 6id); 37/42, (not quoted); second quality, average, 31, 5 5-8 d (5Ad, 5Ad). Australian lambs, Victorian, Ist quality (new season’s) 36/under sid (sid, 5 3-8 d); 37/42, 4 3-4 d(4 5-Bd, 4 5-8 d). Argentine lanib, first quality (new season’s), 36/under, 5Ad (5Ad, 5Ad); 37/42, 5d (sd, sd); New Zealand beef, ox fores, 1 7-8 d (1 3-4 d, 1 3-4 d); ox hinds, 27-8 d(2 7-Bd, 27-8 d); cow fores and hinds, not quoted: Argentine chilled beef, ox fores, 3Ad (2 7-Bd, 23-4 d); ox hinds, sid (4 7-Ad, sd); Australian frozen beef, ox crops, over 100, 2sd (2£d, 2£d); ox hinds, over 160, 3id (3Ad, 3ld). New Zealand prime porker pigs, 60/100, 5d (sd, 5Ad); 101/120, 4 3-4 d (4 3-4 d, 4 3-4 d). New Zealand prime baconer pigs, 121/180, 4 3-4 d (4Ad, 4Ad). New Zealand frozen veal, not quoted. Lamb market firmer with better prices due to restricted supplies owing to continuance of barge men’s strike. I Mutton market firm with better prices owing to decreasing arrivals'. Ewes meeting with slightly better demand. New Zealand beef meeting with slightly better demund owing to improvement in prices of Argentine chilled beef. New Zealand porker pigs: Trade rather slow, prices unchanged. New, Zealand baconer pigs: Nominal.

' RAW MATERIAL.

LONDON, Jan. 30.

Friday’s closing prices for the following raw materials were as follow, those for January 22 being given in parentheses:— Cotton. —Liverpool quotations, American middling, March delivery, 5.16 d a lb (5.20 d). Rubber. —Para, 4gd a lb (same); plantation smoked, 2.15-16 d a lb (3d). Jute. —FebruaryMarch shipment, £l9 a ton (£l9 17s 6d to £l9 10s). Copra.—February-March shipment, South Sea, £l4 15s a ton (game); plantation, Rabaul, £ls a ton (same). Linseed Oil.—£ls a ton (same). Osmiridium. —Unchanged (Tasmanian, £l6 to £lB an oz.).

WELLINGTON STOCK EXCHANGE., LAST WEEK’S BUSINESS AND PRICES. Less business was done on Dominion s^ o°k 0 °k exchanges last week, but values on the whole were well maintained. Government securities were active, tho 1937 5A per cents, having the greatest turnover. The stock sold at £99 10s to £IOO se, and the bonds at £99 15s to £IOO. The 5A per cont. stocks, 1933 changed hands at £99 -to £99 10s, and the bonds at £99 2s 6d, Tho 5A per cont. stocks, 1936, sold at £99 10s and £99 15s, and were firmer than in the previous week. The 5A per cent, stocks, 1941, were quitted at £96. The 4A per cent, stocks, 1938, sold at £94 15s to £94 6a, and the bonds at -£94 15a. There was restricted trading in bank shares, the heaviest turnover being in Bank of New Zealand, which sold readily at 44s 2d to 44s 6d. Commercial Bank of Australia, ordinary, showed a firming tendency, and sold at 14s 8d to 15s Id. Union Bank of Australia sold steadily at £7 10s, rising to £7 lls toward the week-end. Last year at the corresponding date they sold at £8 down to £7. English, Scottish and Australian Bank changed hands at £4 Bs, and Bank of Australasia at £9. '

Dalgety and Co. were firm at £7 12s 6d, and show a great improvement on a year ajp>, when they changed hands at £6 12s

Goldsbrough, Mort and Co. were steady sellers at 23s 6d. The shares of this company also show a substantial improvement, for in the closing week of January last year they changed hands at 163 lOd, but were difficult to quit, even at that low figure. Building and mortgage shares are neglected and weak. _ Insurance shares were rather quiet. National Insurance changed hands at 13s, and New Zealand Insurance at 40s. There was a sale of Queensland Insurance at 425. Tho shares are £1 each, fully paid, and the last dividend was at the rate of 10 per cent, per annum. Gas shares wero in good demand, but sellers were scarce. Christchurch Ga 6 sold at 27s cum. dividend. Gear Meat shares sold at 28s.

Shipping shares were a little more active, Union Steam selling at 20s, Devonport Ferry at 17s, and Northern Steam at 3s 9d. Wellington Woollen, preference, changed hands at £4 10s. New Zealand Breweries have declined 6teadily, the sales during the past month being 28s 3d, 28s, 275, 265, and 25s lOd. A year ago they changed hands freely at 32s 8d up to 345. Tooth and Co. sold at 23s 3d. British Tobacco were very steady, with sales at 26s 6d to 275. Australian Glass changed hands at 29s and 29s 6d, while a year ago they sold at 24s 6d. Colonial Sugar have shown a strong upward tendency for some weeks. They changed hands at £4o' 5s last week, compared with £4O in the previous week, and £3l a year ago. Electrolytic Zinc, preference, improved to 20b 6d last week, a rise of 3d on the previous woek. Dunlop Pedriau Rubber sold at lls 9d, tho first transaction for many weeks. Wilson’s Cement were quitted at 335. New Zealand Farmers’ Fertiliser sold at 12s 6d, and Famers’ Trading at 5s 6d. SATURDAY’S QUOTATIONS. Buying and selling quotations at Saturday morning’s final call on the Wellington Stock Exchange were as follow:

. SATURDAY’S SALES. The following sales were recorded on the stock exchanges of the Dominion on —lnscr. Stock, 5i p.c., 1937, £l A°uckland a —Union 'Steam, pref., £1; ColoD ‘chfistohurch!—N.Z. Refrigerating, 10} paid, cum. div. (2), ,$s 9d; Dunlop-Perr driau Rubber, Us 8d; Golden-Down, 7s 6d, Okarito (2), 9s Bd. , - Dunedin. —Kildare, is 9d. AUSTRALIAN SHARE MARKETS. SYDNEY, Jan. 30. The Prime Minister’s announcement that a move is contemplated to reduce sugar prices has caused a weakness in Colonial. Sugar shares. Holders to-day asked £44 10s, but the best offer was £4l, Toohey’s Breweries sold: at 19s 6d; Tooths at 26s IOJd, and Winchombe Carson, 19s 6d to 19s 7Jd. ' Melbourne sales: Four per cent, bonds, 1938, £94 ,7s 6d to £94 8s 9d; Commercial Bank of Australia, 17s 6d; Electrolytic Zinc, pref., 24s 6d to 24s 4d. ■ ; ■ AUSTRALIAN STOCKS.' ; LONDON, Jan. 30. Australian Government stocks have declined further. To-day's prices are as follow :—Commonwealth, 5, 1945-75, £81: Commonwealth, 6 i 1931-31, £95 ss: N.S.W.', 4.' 1933, £B3; N.S.W., 3, 19§5, £74; .N.S.W., 51,1922-32, £9l 12s 6d; N.S.W. 61, 1930-40, £B9; N.S.W;,' 6,, 1930-40, £B6 10s. . ; • j-; LONDON HIDES MARKET. V "LONDON, Jan. 30. Hides.—Meat-works, dry-salted, Queensland, 35/451b., : 6d; -30/401b., 6d; 25/351b s|d; •20/301b.,.5id; New South Wales, 357 451 b., 6Ad; 30/401b., 6gd; 25/351b., 5Jd; 20/ 301 b., 53d; Wet, salted, Queensland, 50/601b.. sd; 40/501b lb., 4gd; New South Wales, 50/ 601 b., 51d; 40/501b., 43d; Victorian abattoirs, 60/601b., 4Jd; 40/50, 4gd. 7

Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ s. 1 44 p.c. bonds, 1938 ... 94 10 0 — 54 P.c. ditto, 1933 — 99 10 0 54 P.c. ditto,' 1936 99 5 0 . 54 p.c. ditto, 1937 ... 99 10 54 p.c. Bonds and Ins. Stock. 1937 95 0 0 0 — 44 p.c. Ins. Stk., 1939 94 10 ‘0 95 0 0 44 p.c. ditto, 1938 ... 94 10 0 — 54 P.c. ditto, 1933 — 99 5 0 54 P.c. ditto, 1936 99 7 6 99 17 6 54 p.c. ditto, 1937 — 100 5 0 Rural Advances, 5 p.c., 1947 85 10 0 — DEBENTURES— - : V Auckland and Chch. City, 54 p.c., 1944 ... 97 10 Dunedin City, 54 P-c., 0 a 1944 98 10 Well. City and Harb Bd., 54 p.c., 1940 98 10 0 — Wanganui City, 54 97 0 p.c., 1943 — 0 Ditto, 51 p.c., 1943 — 99 0 0 Ditto, 51 p.c., 1940 — BANKS— 99 5 3 16 0 0 New South .Wales ... — 27 0 0 New Zealand 2 4 Union of Australia ... — 4 — +7 10 0 FINANCIALDaljrety and Co 7 8 Goldsbrough Mort 13 6 0 — National Mortgage .... — 2 0 0 N.Z. Guar. Corp. ord. 0 4 6 0 5 6 Ditto, pref 0 19 N.Z. Invest. Mtg. and 9 0 9. 9 N.Z."Loan and Mere., 45 0 0 ord — Well. Invest. T. & A. — 0 10 0 Well. Deposit & Mtg. — 0 10 *1 8 0 0 Wellington, ord. ...... +1 6 MEAT i'KESERVIN G — 6 1 8 0 TRANSPORT— 0 Huddart Parker, ord. 1 1 0 1 6 Kelburn Tram, ord — WOOLLEN— 1 8 6 Kaiapoi, ord.. 0 5 COAL0 Westport — 1 4 6 TIMBER — 0 6 0 . Leyland-O’Brien 1 2 0 BREWERIES— ; m New Zealand 1 5 0 1 6 3 Staples and Co 1 7 b MISCELLANEOUS— British Tobacco, ord. — -L 9 Burns, Philp and Co. 1 17 6 Colonial Sugar — 41 5 Howard Smith, ord. ... National electric — N.Z. Drug 2 5 3 0 10 N.Z. Paper Mills 0 D b 1 14 Wilson’s Cement — Woolworths, pref. ... 1 4 9 MINING— . _ _ , King Solomon 0 4 Consolidated Goldfields 0 1 6 Alexander Mines ~ tO 13 # Cum dividend. tEx dividend.