COMMERCIAL

Gisborne Times, Volume LXVII, Issue 10478, 7 January 1928, Page 2

COMMERCIAL

■ A STAGNANT TONE ; ’ ; A ' ' ."L MAIZE MOVEMENT EXPECTED SHORTLY -

AVith ‘the clearing of stocks for the Xmas vacation The'market for most produce lines has a stagnant tone, though there al'e indications of a brightening up witliin the next few weeks.' ' . ■ ' ') During the week there has been an inquiry l from Auckland merchants for maize from this district and within the last two days a few small parcels have changed- hands at-,5s 9d f.o.b. This is attributed to the fact that supplies of the South African cereal are becoming exhausted CoriYpelling merchants to come again on to the local market.

Only Auckland potatoes are now available and small parcels of . these are appearing on the local market. Supplies are costing about 11s per cwt. in the north but it is generally expected there will be a substantial reduction in price very shortly. The demand for chaff, in this district is practically dead owing to the motor traffic replacing the horse and it is stated that once where merchants had supplies coining to hand by practically every ship, now three and four trips pass before new consignments arc ordered and in seme eases merchants are liai'd put to it to know how to -dispose of supplies on hand. There is a poor demand for oats at the present time though values are firm at 3s 5d f.o.b. south; This is ascribed to-the ilusli of pasture feed which Poverty Bfay is experiencing at tile, present time.

MATAAVHERO SALE PRICES EASTER.

A large-entry - ol‘ store sheep were yarded at the Matawliero sale yesterday, and there was a largo attendance of the public. Prices generally were easier all. round.

The entry* of store sheep totalled 4,550. Lambs came forward in good numbers and seemed to bo in demand, and 16s 2d was realised for a small lot of choice heavy lambs, that required • practically nc finishing. Several fir St-class pens sold round about 14s 6d and good sorts of med-ium-sized lambs sold about 10s to 11s. For grown sheep generally the market was noticeably easier. The highest price offered for wethers was JET. Is, and some excellent lines were yarded. In ewes a noticeable pen was 201 5 and 6-year-old on account of Mr. A. H. Wallis. These were heavy lioned sheep, all fat, and made 10s. Sound inouth, ! fresh conditioned ewes sold from 12s te 13s, and owes fairly easy in condition ranged about 9s and 10s. Very low conditioned ewes struggled through at 4s 8d and ss, and 2 and 4-th ewes, fairly good, sold at- 19s' 4d ami 19s 9d. : Prices: 242 wethers, 4-tbr, early shern, big, in good order (p) 21s; 201 ewes, 5 and 6-yiv; great sheep, all fat (on account of A. H,. AA r allis) (p) 15s'; 606 wethers, 2-tli, a firstclass lot- (p) 21s; 200 ewes, mixed ages, late shorn, plain condition, 9s 4d; 138 lambs, even and well-grown (p) 14s 6cl; 263 lambs medium size 9s 6d: 199 lambs, good size and condition, 14s sd; 147 ewes, soundmouth. fair condition (p) 11s 6d; 565 wether’s, 2-tli, even, good condition, fair sized (p), 20s ; 166 ewes, good sized, in good order (p) 11s; 61 lambs fair sized and fatty 14s 6d; 150 wethers, 2 and 4-th (p) 20s 6d; 333 wethers, 2-th mostly fatt y (p) 21s; 54 ewes, condition plain (p) 8s 6d; 47 lambs, fairly small, dipped 9s_6cl; 47 ewes, iow condition (p) ss; 47 wetheij, 2-tli. good order, medium sized 17s lid; 40 ewes, souncl-mouth, fresh ci ndition (p),. 13s; 49 ewes, fair condition, no mouth 8s; 41 wethers 20s; 51 wethers, 2 and 4-th 19s 9d; 61 lambs, fair to medium 8s lOd; 32 ewes, well forward 12s; 43 ewes, 4-th'. fairly gcod, mixed wool 19s 4d; 56 lambs, fair sized 10s; 46 wethers (p) 20s 6d ; 25 lambs,' lls od ; 52 ewes, plain (p) 4s 4d; 54 lambs, healthy, second-grade 11s 8d; 22 wethers, 2-th (p) 15s; 25 ewes, heavy, fat (p) 16s; 41 lambs 14s; 13 2-th sheep 15s 5(1 . 12 lambs 10s; 20 do., fair size, goou. condition 10s; 50' lambs,' dipped os 3d -. 5 ewes, woolly 17s 3d; 34 very plain ewes os Id ; 5 ewes and 5 iat lambs 28s; 21 2-th small and 17s od; 22 ewes woolly (p) 17s 6d 15 lambs, choice, heavy 16s 2d. Fat sheep.—The fat sheep entry totalled 480 and the market showed a decline in value? Some excellent penr. were yarded. Prime ewes sold from 15s 3d down to 13s. Lambs met with a flat demand at 18s and 18s 3d. Two-tooth Down cross ewes made 19s, and - similar wethers 21s. Prices were —49 ewes, woolly 7 (p), £l_ Is 6d; 128 ewes, prime, heavy (p), Los t 12 ewes Lfs 3d; 8 lambs, good 18s 3d; 2 ewes, 13s; 33 owes 15s. Id; 26 ewc-s. prime, heavy (p), los Id; 2b do. (p), 1:5s; 26 owes (p), los: 2? ewes (p), 15s 3d; 2 ewes, 13s 9d; ewe 14s 3d; 11 wethers. Down cross, 2-th (p),: £1 Is; 5 ewes (p), ICy • 28 ewes, 14s 6d; 28 ewes, 14s 6(1-12 ewes, 14s lid; 25 lambs, good (p), 18s. Second grade: 43 ewes (p). 13 s 6d. Fat Cattle.—There was an entry of 20 head, most being of ordinary .quality only. The price of £o <s 6d was reached for a. prime heavy cow,and also for a light, well-finisKM steer. •? Jersey or Jersey-cross cows sold from £4- 'l2s 6d to £3 10s. .A p(‘n of Jersey-cross heifers made £4 sb. Prices were, ns follows: cows, Jersey,- well-finished, £3- 10s; 3 cows Jersey, £3 17s Od; 1 cow, Jerseydross,' well-finished. £3 10s: 1 cow, Jersey-cross, £4 12s 6d ;•• 3 cowm liohVv, £5 :7 s 6d ; 1 heifer (p>, £3 l* 6d; 1 cow, prime, heavy (p) L vealer (p), £ 1; 1 heifer (p), 6d; 1 cow (p.), £4;. 3 heifers, Jerseycross, £4 ss.

LONDON MARKETS- < (United Press Assn.— -Cbiiyright.) fßeceived January 6, 0.5. p.m.) LONDON, Jan. o. The butter market is quietly steady. Choicest salted .New Zealand is quoted at ,160s■ to 1625,. exeeptip-n----ally 164» : Australian 158 s to ,1 60 s. Uusalted is plentiful at only about 2s omnium. V. } The cheese market is quiet. New Zealand is quoted at 935; Australian S2 ' ;■ The flour- market is slow. Australian exstoiL; is quoted at Jos. Oats are Ann. Australian Algerian 28s to 29sgartons 35s- to 36s A. and N.Z.C A.