FARMING AND COMMERCIAL

Manawatu Standard, Volume LIII, Issue 17, 17 December 1932, Page 5

FARMING AND COMMERCIAL

WOOL SALE AT TIMARU

KEEN COMPETITION. Per Press Association. TIMARU, Dec. 16. Tho first -wool sale of the season in South Canterbury was held at Timaru to-night, when a catalogue of 10,078 bales wa3 offered to a full and representative bench of buyers, who competed exceedingly keenly. From the outset tho chief competition was coming from the Continental section, Bradford being more in the picture than at the recent sale at Christchurch, the wool apparently being more in keeping with their requirements. The wool opened up in heavier condition than at Christchurch, but was slightly better than at the opening sale in this centre last year, being much brighter and freer from dust. Comparing prices with Christchurch, these can be described as being very firm and in sellers’ favour. Passings were comparatively few. Very little held-over was offered at the auction, but those lots had kept remarkably well and showed very little discolouration. There was a large gallery of tho public, who displayed keen interest through the sale. The top price at the sale was for a line of 16 bales of fine Merino, which realised lid; halfbred brought up to lOjd, and three-quarterbred up to 9|d. There was good competition also for good halfbred necks, at prices which brought up to 9|d. The whole catalogue was disposed of in two hours and a half. Following is the official range of prices:

BRADFORD TOPS MARKET,

LONDON, Dec. 15. On the Bradford tops market business is quiet. Medium and coarse crossbreds show an cosier tendency. The latest quotations compare with those previously cabled as follow: Nov. ✓ December 24 ' 1 8 15 Per lb. Per lb. Per lb. Per lb. d. d. d. d. 70- s 24 24 24 24 64-s ;;;. 223 23 23 224 fin-a 21 21 21 214 56- s 18 18 18 18 to’ s 124 m 46’s 94 94 9* l 2 40’s 9 9 9 9

SHEEPSKINS AND HIDES.

KEEN COMPETITION AT WELLINGTON. WELLINGTON, Dec. 17. The usual fortnightly sale of sheepskins, hides and tallow was held yestcrday by the combined Wellington brokers. Competition was keen throughout the sale fine woolled skins selling at par with late rates, and coarse wools id easier. In hides, ox sold at an advance of id for lightweights, par to an eighth of a penny for mediumweights, and id advance in heavies. Cows were, on the whole, slightly easier, heavyweight cows maintaining last sale’s level. Yearling and # kip sold at an advance of id for lightweights, medium selling at the same level as last sale. Calfskins sold fully up to last sale s level, with occasionally a slight hardening in price. The following is the official range of Dry Sheepskins.—Halfbred, 2Jd to 4d; fine crossbred, 2id to 33; medium, ldd to 3d; coarse, 13d to 23d; half wools, <to quarter wools, lid to l£d; pelts, £d to Skins.—Pelts, 5d to 7d; quarter wools, 6d; half wools, 7d; lambs 4d. Hides.—Ox, 331 bto 441 b, 34d to 4Jd; 451 b to 521 b, 3Jd to 44d; 531 b to 591 b 3?d to 4gd; 601 bto 691 b, 4Jd to sd; 701 b and over 4d; to sgd; cow, 331 b to 391 b, lgd to 4id; 401 b to, 481 b, 2fd to 4£d; 491 b and over, 33d to 4|d; kip, 251 b to 321 b, 2“d to 4Ad; 171 b to 241 b, 3gd to 4jjd; yearling. 111 b to 161 b, 14d to sd; calf, 91b to 10lb, l*d to sd; 61b to 81b, 34 to 6|d; lib to 51b, 3g to s|d. „ _ . . Tallow.—ln casks, 15s 6d to 17s. Sundries: Cow tails, 4d.

FEILDING STOCK SALE.

MARKET QUIET. A quiet tone prevailed at tho Feilding saloyards yesterday, the entries, with tho exception of the store cattle, being of small dimensions. Fat 2-th hardened a little in valuo but for owes tho inquiry was slow. Some store lines sold well, but in most cases tho reserve was only just reached. Fat cattle declined in valuo although there were somo well-finished boasts in, while for store cattle, tho demand, although erratic, brightened in tho case of some good P.A. steers which made £3 ss. Dairy stock found tho market unchanged. Details of the prices are as follow :

Fat Sheep.—2-ths 10s, 11s Id, 12s, 12s sd, 13s 2d to 14s 2d; ewes ss, 5s 6d, 6s Id, 6s 7d, 9s 6d to 11s; wethers, 10s 3d, 11s Id, 11s 7d to 12s 3d.

Store Sheep.—2-th ewes 11s 9d, 11s lid; 2- wethers 9s; cull ewes 3s Id; owes and lambs 12s 7d. Storo Cattle.—Cows 13s, 14s, 16s to 19s 6d; heifers r.w.b., £1 10s, £2 Is, £2 10s 6d, to £5 10s; 2-yr heifers, £1 6s to £2 15s; 3- P.A. steers, £2 2s 6d to £3 ss; P.A. bullocks, £3 ss; 2-yr P.A. steers, £2 4s; P.A. cows, £2. 4s; Jersey bulls, £2 Bs. Fat Cattle. —Cows, £1 10s, £2, £2 83 6d, £2 17s, £3, £3 10s to £3 16s; heifers, £3, £3 9s 6d to £3 17s 6d; vealors, 27s to 38s. Dairy Cattle.—Springuig heifers, £2 17s 6d, £3 ss, £3 17s 6d to £5 10s; heifers r.w.b., £2, £2 ss, £2 12 s 6d, £3 16s, £4 to £4 10s; springing cows, £2, £2 17s 6d to £5 17s 6d; cows in milk, £2 to £4.

AUCTIONEERS’ REPORT.

Dalgety and Co., Ltd., report having a small entry at their Feilding sale. Fat ewes were in less demand and consequently showed an easing in prices. Fat 2-ths wore in keen demand, no doubt duo to. Christmas trade. Fat cattle sold at late rates, and there was a limited demand for store cattle. Quotations: Fat ewes, ss, 5s 3d, 5s 4d, 6s 3d; fat 2-ths, Is, 10s 3d, 11s Id, 12s Id, 12s sd; small pen 2-th ewes, 11 slid; f.m. owes with 100 per cent. b.f. lambs at foot, 12s 7d; fut station bred heifers, £3 9s 6d to £3 17s 6d; fat station-bred cows, £3 16s; fat Jersey cows, £1 15s to £2 19s; P.A. bullocks in fair condition, £3 ss; 2-yr off steers, £2 4s; fat and forward P.A. cows, £2 4s; empty dairy cows, 13s, 17s, 18s to 19s 6d; yearling heifers, £2 10s 6d. Abraham and Williams, Ltd., report on their Feilding sale as under: Wo submitted just an average yarding in all sections to a fair attendance of the public. Fat sheep: In this section fat ewe values easod in comparison to last week although 2-tooth black faces sold readily at increased rates. A ready sale resulted for fat wethers. Store sheep: Thera was a good yarding in this section, comprised principally of 2-tooth ewes and wethers, and these met with good competition and practically tho wholo yarding was cleared. Fat cattle: _ A heavy yarding again came forward in this section, tho demand not being as keen as last week and consequently prices showed an easing tendency. Store cattle: An averago entry in this section came prices being on a par with last week. Dairy cattle: There was just an averago yarding of cows and heifers, prices being on a par with recent values. Quotations: Fat ewes, ss, 5s 6d, 5s lid, 6s 7d to 6s 8d; fat hoggets, 11s 9d, 13s 2d, 13s 3d ,14s 2d; fat wethers, 10s 4d. 11s, 11s 3d, 11s 7d to 12s 3d; 4-th maiden ewes, 11s 9d; 2-th ewes, 12s sd; empty store ewes, 3s Id. Fat cattle: Cows, station-bred, £3, £3 2s 6el, £3 ss, £3 7s 6d, £3 12s 6d, £3 13s to £3 16s. Dairy bred cows. £1 10s, £2, £2 8s 6d, £2 13s, £2 16s to £3 Is. Storo cattle: 3-vear steers, £3 2s 6d; cows (boners), 14s, lss, 16s, 16s 6d to 19s 6d. Dairy cattle: Heifers r.w.b., £3 16s, £4 to £4 ss; cows r.w.b., £2 2s 6d, £2 ss, £2 10s to £2 12s 6d.

FEILDING MART.

The following ai f o the prices realised at the Feilding mart yesterday:—Poultry: Hens Is 6d to 2s Id, cockerels Is lid to 3s 3d young cockerels 2d to 7d each, ducks 2s to 2s 4d, drakes Is lOd to 3s, ducklings Is 7d to 2s Bd, geese 3s Id to 4s, turkey ficus 6s each, gobblers 10s to 15s. Pigs: Weaners 7s to 15s, slips 12s to 17s 6d, stores 15s to £1 2s, porkers 14s to £1 2s, sow 14s.

•DAIRY PRODUCE.

CURRENT VALUES IN ENGLAND.

Joseph Nathan and Company, Ltd., have received the following cabled advice, dated December 15, from London: New Zoaland cheese: White, 50s; coloured, 525. Market weak. Cabled advice received from A. J. Mills and Co., Ltd., London gives the following market prices as ruling at tho close of business on Thursday :—Butter : The market is quiet. New Zealand, finest, 82s to 83s; firsts, 81s; unsalted, 94s t 0965. Danish, 122 s to 1245. Australian, 81s to 83s. Argentine, 78s to 86s. Cheese: Tho market is steady. New ZZealand, white, 52s to 535; coloured E4s to 555. Canadian, white, 67s to 635; coloured, 68s to 695. Dalgety and Co., Ltd., were advised as follows under date December 15:—Butter: Market slow. Danish, 122 s to 124 s (120 s to 1225). New Zealand, finest salted, 80s to 82s (82s to 84s); Australian, finest unsaited, 86s to 88s (84s to 88s); finest salted, 80s to 82s (82s to 84s); g.a.q.. 78s to 80s (78s to 80s) Cheese: Market weak. New Zealand, white, 51s to 53s (59s to 60s); coloured. 53s to 55s (60s). Spot price for Canadian white, 62s to 68s (62s to 675); coloured, 62s to 68s (64s to 695). Last weko’s quotations are shown in parentheses. ,7. and J. Lonsdale and Co. (London), Ltd., advise as follows:—Butter: Market quiet. Now Zealand. 81s to 82s; Australian, 82s. C hecso: Market quiet. White cheese, 525; coloured, 545.

FARMING NEWS.

RURAL RATING. A Canterbury farmer has sold a line of 40 lambs, about two-thirds of which are Downs, and shipped by the Rangitane, arriving London, January 25, at a price that would net him sgcl per lb delivered at the works. Tho averago weight of the lambs was over 371b —there' being more 36-421 b than under 361 b. . The steamer Port Brisbane, which arrived at Bluff last Sunday from Australia, loaded 10,000 crates of cheese and 3000 boxes of butter at the southern port for London. Tho butter consignment included 2000 boxes which were railed from Dunedin to Bluff. The shipment of produce lifted by the Port Brisbane was an exceptionally large one. A South Australian breeder, Mr W. .T, Dawkins, of Newbold, Gawler River, has a six-tooth Dorset Horn ram Newbold 88 of 1929, which was awarded tho grand championship prize at tho last Sydney Show and which weighs 3291 b. Throe or four years ago he showed a Dorset Horn ram at the Adelaide, Sydney, and Melbourne shows which sealed 3771 b. Another he bred weighed 3541 b.

CANTERBURY MARKETS.

LOW PRICE FOR POTATOES. Per Press Association. CHRISTCHURCH. Dec. 16. Local merchants have rarely had as quiet a December as the present. There is a littlo talk about, potatoes, but the northern inquiry is limited. Some business was done a few weeks ago at £3 15s, f.0.b., s.i., for April-May-Juno delivery, but offers havo receded since and the figure now mentioned is 70s. A few sales have been made at this price, but it. is too risky to appeal, as it represents about £2 7s 6d on the trucks. Farmers arc not disposed to accept this record low price in December. The potato crops at tho moment are looking well, but not better than they did at this time last year, and the season after the New Year was very unfavourable. Business is practically suspended for tho year and no development in the market would bo expected until mid-January. Seed crops are promising to yield well. The Akaroa production of cocksfoot is expected to bo heavier than usual, but no speculation has developed so far either in cocksfoot or ryegrass.

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES. Reviving interest in gilt-edged, securities was indicated in the stock and share market yesterday. Thero was , a keen demand for Government securities on tho Wellington Stock Exchange, but the firmer prices quoted failed to draw holders. Tho 54 per cent, bonds, February and September, 1937, advanced 15s to £9B 15s, and tho stock were 12s 6d better at £9B 12s 6d. Tho s;j per cents., 1937, hardened to £95 10s, and the 5 per cont. tax . free 1 stocks, 1937, wore 5s bettor at £96 10s. Buyers wore also bidding for city municipal debentures, but their prices did not attract sellers. remained dull and inactive. Now Zcalands wore 6d weaker at 40s, sellers staying at 41s. Union of Australias eased to £6 6s, sellers £7; a month ago they sold at £7 12s to £7 14s. Thero was very littlo life in other sections of tho market. Goldsbrough, Morts wore 2d lower at 2s 3d. South British Insurance wero weak at 525. N.Z. Refrigerating and Wellington Meat Export wero in demand at prices that failed to draw holders. There was no great inquiry for goldmining shares. King Solomons lost 3d at 2s but others wore steady. Mount Lyclls sold on ’Change at 18s 6d, cum. dividend. YESTERDAY’S QUOTATIONS. Buying and selling quotations at yesterday’s final call on tho Wellington Stock Exchange were as follow:

MONEY MARKET.

BANK OF ENGLAND RETURNS, LONDON, Dec. 15. The following is the Bank of England return: — ISSUE DEPARTMENT. £ Note isuo in circulation 372,256,239 Banking department 42,165,858 £414,422,097 £ Government debt 11.015.100 Other Government securities ... 255,037,067 Other securities 5,130.311 Silver coin 3.817,522 Gold coin and bullion 139,422,097 £414,422,097 BANKING DEPARTMENT. £ Proprietors’ capital 14,553,000 Rost 3,333,332 Public deposits 8,537,128 Other deposits, banks 86,291,044 Other accounts 34,368,430 Seven day and other bills 3155 £147,086,084 Securities — £ Government 74,249,011 Discounts and advance 11,740,213 Other securities 18,047,883 Notes 42.165,848 Gold and Silver coin 883,119 £147,086,084 Proportion of reserve to liabilities 33.3 per cent., short loans 3 per cent; three months’ bill 15-16 per cent.

Merino— d. ' d. Extra super . ... 104 +o 11 Super ... 8i to 9| Average ... 6| to 71 Inferior . ... 5 to 6 Fine Helfbreds — Super up to 101 Average ... 81 to 91 Inferior ... 6| to 73 Three-quarterbred— . ' ... 73 to 8£ Super Average . ... 61 to 7j Inferior ... 41 to 53 Crossbreds— Super . ... up to bj Average ... 41 to 51 Inferior ... 21 to 4 Hoggets— Fine ... <2 to • Medium ... 5 to 61 Bellies and Pieces — Merino: Good to super ... 61 to bl Low to medium ... 5 to 6 Half bred : Good to super ... 7 to yj Low to medium 41 to 6i Crossbred: . _, Good to super ... 21 to 51 Crutchings— , Medium, to good ... *0 * Inferior ... li to 2 Locks — Merino . ... up to 0 Halfbrod ... 2 to 3 Crossbred ... 11 to 2

Buyers. Sellers. N.Z. GOVT LOANS— £ 8. d. £ 6. a. 4j p.c. Bonds, 1941 ... 92 15 0 — 4i p.c. ditto, 1938 93 0 0 — 4| p.c. ditto, 1938 93 0 0 — 5* p.c. ditto, Feb, 1937 98 15 0 — 5 i p.c. ditto, Sep, 1937 98 15 0 — 5i p.c. ditto, 1933 98 10 0 — 5i p.c. ditto, 1937 95 10 0 — 4£ p.c. Stock, 1939 93 0 0 93 10 0 41 p.c. ditto, 1938 93 0 0 — 5i p.c. ditto, Feb, 1937 98 12 6 — 51 p.c. ditto, Sep, 1937 98 12 6 — 5a P-c. ditto, 1937 95 10 0 — 5 p.c. ditto, tax free, 1937 DBENTURES — 96 10 0 Palmerston N., 6 p.c.. 1945 iUakerua Drainage, 6 p.c — 99 5 0 1946 — 94 0 0 Christchurch Drainage, 5£ p.c., 1965 — Waitoino E.P. Bd. t 6 p.c.. 97 10 0 1961 — 99 5 0 Auck City, 51 p.c., 1944 96 10 0 — Chch. City, 51 p.c., 1944 96 10 0 — Dunedin City, 51 p.c., 1944 97 0 0 — Well. City, 51 p.c., - 1940 97 0 0 — Wellington Gius Co. ... 09 5 0 — Well. Racing Club ... — 95 0 0 BANKS— Australasia 8 7 6 9 0 0 Comm, of Aust., ord. 0 13 4 0 14 0 National of N.Z. .• — *3 8 0 National of Australasia, £10 paid 10 5 0 — New South Wales — 27 0 0 New Zealand |2 0 0 2 1 0 Union of Aust FINANCIAL — 6 5 0 7 0 0 Equitable Building ... — 4 0 0 Goldsbrough, Mort ... 1 0 5 — 0 National Mortgage ... ' 1 10 N.Z. Loan and Merc. — 51 0 0 N.Z. and River Plato 0 19 6 — Well. Invest., T. & A. — 0 7 0 Well. Trust and Loan — 4 17 6 Well. Dep. and Mort. 0 7 0 GAS— Wellington, ord — 1 10 0 Ditto, pref t0 18 0 0 18 6 INSURANCE— South British 2 12 0 — MEAT PRESERVING— Gear — 1 7 0 N.Z. Refrig., £1 paid Ditto, 10s paid 0 9 6 — 0 3 0 — Well. Meat Ex., pref. 0 15 0. — Ditto, ord TRANSPORT— 0 3 9 Huddart, Parker, pref. 0 18 0 — WOOLLEN— Wellington, ord — 5 6 6 COAL — Westport 0 10 0 — TIMBER— Bartholomew — 0 12 0 Leyland-O’Brier* — 0 19 3 National — 0 6 0 Taringamutu — 0 4 9 BREWERIES— Carlton — 1 13 6 N.Z. Breweries — fl 5 6 Staples and Co — 1 3 0 MISCELLANEOUS— British Tobacco, ord. *1 7 0 1 9 0 Burns, Philp — 2 4 6 Colonial Sugar — 46 5 0 Dental and Medical — 0 6 6 Dominion Investments 1 1 0 — Electro. Zinc, pref. ... — 1 3 0 Howard Smith, ord. — 0 10 0 National Electric — 0 8 0 N.Z. Drug ..* — 3 0 0 Farmers*' Fertiliser — — 0 0 15 0 Sharland and Co., ord 0 17 • — Ditto, pref 0 17 0 — Well. Queen’s Theatre — 1 1 6 Wool worths, pref 1 7 9 1 9 0 OIL— ! Moturoa, ord 0 3 9 — MINING— _ „ Alexander — ♦1 1 u Blackwater — *1 2 6 Golden Dawn 0 4 9 — King Solomon 0 2 0 0 2 6 Mount Lyell *0 18 5 0 13 8 0 18 6 — Big River — 0 1 2 Nokomai 0 5 10 0 6 2 ♦Cum. dividend. tEx dividend.