COMMERCIAL.

Gisborne Times, Volume LV, Issue 6192, 24 September 1921, Page 2

COMMERCIAL.

WELLINGTON SHARE MARKET. The following transactions have been received in Gisborne: — WELLINGTON, September 23. Inscribed, £S3 7s Gd (buyers) ; ■ Soldiers-’ Loan, £9l 7s 6d (buyers); Builk of Australasia. £9O 10s (sellers); National Bank, Ills 6d; Bank of N.S.W., £34, £35; Bank of New Zealand, 49s 6d (buyers); Goldsbrough, Mort and Co., 21s 9d (buyers); National Insurance. 61s (buyers); South British Insurance, 36s 3d (Sellers). —Special. Auckland" shartTmariiet. AUCKLAND, September 23. Waihi, 225, 21s 9d; Junction, 8s Bd, Bs' 4d; National Bank, £5 12s, £5 9s 6d; Bank of New Zealand, 50s 3d, 49s 9d; Union Bank, £l2 10s, £l2 7s; N.Z. Insurance, 29s 6d, 28s 9d; South British Insurance, 365, 35s 9d; Auckland Gas, 23s 9d (sellers), contributing, 25s 9d (buyers).—Sp ecial. THE SHARE MARKET. Sliarebroking business during the week has been, fairly quiet, which is not unexpected, as the month of September has always had that reputation. A little inscribed stock has been selling, but the share market lias been dull. The 41- per cent, inscribed, stock and soldiers’ loan has been on the weak side, but prices have been fairly well maintained, though a little easier. A few sales have been made of 41 per cent, inscribed stock at an average of £B3 10s and Discharged Soldiers’ Settlement Loan at £9l 5s to £9l 10s. Amongst local shares parcels have been offering of Common Shelton’s. Gisborne Gas Coy., P.B. Meat Coy., and a few Gisborne Sheepfa nners’ freezing shares. There is a demand for these last-named shares.

There is still a scarcity of money, but there is not a very acute demand from borrowers. The ruling rate on first mortgage is 7 to 7-1- per cent., though in several eases 8 per cent, has been paid. LONDON FROZEN MEAT MARKET. Messrs Dalgety and Co., Ltd., have received the following cable from their London office:— Frozen Meat. —Lamb: Good demand at Icl . per lb lower. .Light Mutton: Good demand at unchanged prices. Heavy Mutton: Weak, but at present prices are decidedly upwards. Beef: Improved demand at last quotations and occasionally id per lb higher. MARKET REPORTS. Times Office. Friday Night. There is still very little business passing in produce, and few transactions have been recorded. The Koranui will arrive here probably oir Tuesday with a large shipment of produce from the south. The regular arrival of this vessel has been one of tlie few bright spots in the dull life of the produce merchant nowadays. The small export trade in pumpkins continues. * ’The quotations to-day show no change from last week, being as follows; Oats, 5s 6a a bushel. Bran, 17s Gd per 1001 b bag. Pollard, 2Gs per 2001 b bag. Maize, old 7s per bushel; now 6s 6d per bushel. Potatoes, 15s to 16s per sack; £7 a ton. g Chaff,bright oaten sheaf, £8 10s to £9 per ton. , Melbourne onions.'3d per lb; £l4 per ton. THE FRUIT MARKET. The choice of fruit in the local shops at present is not a very large one. Bananas are still none too plen : tiful, despite a shipment by the Arahura on Thursday. The vessel also brought a consignment of mandarines. Average retail prices are as follows: Tomatoes (Island) Is 'Gd per lb: Passion fruit 3s a dozen. Oranges, Sydney, 6s a* do/.., Island 4s and 6s a dozen. Apples 4d to Gd Tier lb. Bananas Sd per lb.

LIVE STOCK MARKET. The Gisborne Sheepfarmers’ Frozen Meat and Mercantile Go., Ltd., report on their sales during the week: —“On Monday last at Te Karaka the usual monthly sale was held, when only a small amount of stock changed hands, there being very few pens of sheep and cattle to offer to a small attendance of the public. Bidding was slack. IN’o store cattle changed hands at all with (die exception of dairy cows, a. few of which went up to good values. The company sold fat ewes and wethers from 13s to 13s od, store ewes and 4-th at 13s 4d and light fat cows £4. At the Matawhero yards on Wednesday last, in conjunction with the P.B. Stockbrokers' Association, the weekly sale was held. Here again the entry was small for both sheep and cattle. The attendance was poor, and very little business was done. The pig pens were, nearly all full and although a good number changed hands, the price for all classes was much easier. The demand for fat cattle was very poor, although there were not many prime yarded. Store cattle were practically unsaleable and in no demand whatever. There was the usual quota of dairy stock, a few changing hands at very easy prices, much below previous quotations. The, company report having effected the following sales during the day: Light fat ewes 12s 10d, ewes with lambs 20s Gd, 4-tli wethers-, medium condition 11s 3d, good bacon pigs £3, porkers £2 ?s Gd.