COMMERCIAL

Gisborne Herald, Volume LXVII, Issue 20310, 27 July 1940, Page 12

COMMERCIAL

PRODUCE MARKETS

QUIET TONE CONTINUES GISBORNE CONDITIONS Most sections of the produce markets in Gisborne are quiet at present as a result of the usual mid-season inactivity. The potato market is depressed. The local demand is smaller than fer many years, despite the fact that the local crop was depleted some time ago. The retail price is 2s (id a quarter. compared with up to 7s at the dearest point last year, when values were exceptionally high. Maize is in only small demand at present, as supplies of imported grain arc held in the main consuming centres. Buying continues in small lots at the minimum rate of 5s (id for July. Tlie August price is 5s Bd. Buyers seem content to purchase in small parcels from month to month. Tlie new crop is turning out somewhat better than expected in some instances. Chaff improved in demand over the past few weeks, and good quality local lines are going into consumption readily at rates up to £l2 10s a ton, ex store. South Island rates are inclined to be easier. Table pumpkins are in large supply this year and the demand is not equal to the supply. Prices are low. particularly for consignments where the keeping qualities are in doubt. The very heavy early frosts are reported to have damaged some of the crops.

Egg prices have not altered during the past fortnight, the retail rate continuing at 2s fid. producers receiving 2s 2d.

BRIGHTER TONE

AUSTRALIAN EXCHANGES (Klee. Tel. Copyright—Unitc>(l Press Assn. SYDNEY, July 25. The Stock Exchange was brightei with rising values. Sales: Bank of New South Wales £25 ss; Australian Consolidated Indus tries. 335; David Jones. 48s: Gordor and Gotch. 32s 9d: Stedman, 9s fid Mort's Dock, lfis 9d: Woolworths, 15s Washington Soul, 58s; Carpenter, 3fis Mount Morgan, 7s lOd. Morning sales included: Tooheys 275: Tooth's, 48s fid: Associated News 10s 3d; Australian Consolidated Indus tries, 335; Australian Consolidated In duslries, cont., 14s; British Tobacco 455; Broken Hill Proprietary. 43s Colonial Sugar. £47 10s; Woolworths Limited, 14s 9d. Sales on the Melbourne Exchange National Bank, £5 paid. £5 ss; Drus Houses, 23s lcl; Herald. 48s 3d; Broket Hill Proprietary, 43s 2d.

STORE STOCK SOUGHT

WAIKATO MARKETS Moderate yardings of most classes of stock are coming forward in the Waikato and the markets remain buoyant. The demand for store cattle continues keen and prices for these tend to show a. further firming. At present there appears to be a shortage of well-bred cattle and this undoubtedly will have the effect of keeping prices at a high level. As in the store cattle market, the inquiry for store sheep also continues drong. Breeding ewes are keenly sought and at the central yards on Tuesday a line of well-grown twotooths in lamb to Southdown rams realised 38s. Both ewe and wether white-face hoggets are also wanted, but only small numbers of this class are coming on to the market.

GOLDSBROUGH MORT

The increase of £81.138 to £201.305 in the profit of Goldsbrough, Mort and Company in the year ended March 31 was partly due to the greater volume of wool handled, but more particularly to a very largely increased stock business, states the annual report. Total turnover of stock, wcol and merchandise was more than £12,000.000, which constituted a record. Four new branches have been opened.

SALE OF DAIRY COWS

A special entry of eight dairy cows offered by the Gisborne Sheepfarmers’ Frozen Meat and Mercantile Company, Limited, at the Matawhero stock sale yesterday comprised eight dairy cows on account of Mr. C. E. Hart. These sold at prices ranging from £G 10s to £9 10s.