COMMERCIAL.

Gisborne Times, Volume LXVII, Issue 10563, 17 April 1928, Page 2

COMMERCIAL.

AUSTRALIAN BUTTER FEDERAL MINISTER’S VISIT TO NI.Z. USELESS United Press Assn, by El. Tel. Copyright (Australian ‘ Press : Association.) CANBERRA, April 16. The Hon. H. B.‘ Pratten submits a report of his recent visit to New Zealand to enable him to negotiate a new trade treaty with the Dominion to 'Cabinet to-morrow, in which he will state that he was unable- to induce the New Zealand Government ' to agree to any change on the treatment of Australian butter. .FAT STOCK .EXPORT PRICES. (Press Association.) WELLINGTON, April 16. The New Zealand. Meat Producers’ Board advises that the ' following prices were being offered for fat stock for export at April 14, 1928: Canterbury (prices delivered at works). —Prime woolly lambs, 36-lb.-•md under 101. 37-lb. to 42-lb. Sfd, 45-lb. and over 9. ; f d, second quality lambs 94d. Southland (prices delivered at works).—Prime woolly lambs 36-lb. and under 9:|d, 37-lb. to 42-lb. Old, ■l3-lb and over 9d. second quality lambs 36-lb. and under 8-ad, over 36-lb 3 fd. SYDNEY PRODUCE MARKETS. United Press Assn, by El. Tel. Copyright (Australian Press Association.' (Received April 16, 11 pun.) SYDNEY. April 12. Flour. £l3, bran EG 10s, pollard £7 10s, potatoes, Tasmanian, £6 to £7, onions £9 to £lO. SHEEPSKIN, HIDE AND TALLOW REPORT. Messrs Dalgety and Company Ltd. I of Wellington, report as under: “At the fortnightly sale we submitted a medium catalogue of sheepskins, (tides, tallow and sundries to a full attendance of buyers. Sheepskins competition was very animated and values for all descriptions were firm at last sales rates, with an occasional rise of Id per lb for the specially prepared parcels. Hides: An exceptionally keen demand was met with for ;tlie lighter weights and prices advanced Jd to Id per lb. Heavy and medium weights were about on a par. Kip and yearlings ruled firm at previous quoted rates, while calf were slightly better. Tallow: Good offerings were submitted, prices generally being better by 1/- per cwt.” LONDON PRODUCE MARKETb. The Bank of New Zealand has received the following advice from its London office as at close of business last week:—“Butter: The market is slow at 166 sto 168 s per cwt. Cheese: Steady at 96s to 97s per cwt. Wethers: The demand for heavy weights is good/- Ewes: The market is more active owing to shorter supplies from the Argentine. Lamb: The market has improved. Present demand is expected to continue and . prospects generally are good. Beef: The market is short of supplies and prices are nominal. Quotations: Wethers, light. s§d to 7-1(1, heavy, 4-jd to sld per lb; ewes, 41'ci to old per lb; lambs, twos 9ld to 94d. eights 3Jd to 84d. fours 8d ] to Sid, seconds 84d to Sfd per lb; ; ox binds, 4-Jd to od per lb; ox fores, I Hid to 4d per lb; cow binds, 4jd to I fjd per lb: cow fores, 3 ; jd to 3!d per lb.” j STOCK AND SHARE MARKETS. ‘ fPreßfl Association.» AUCKLAND, April 16. f Sales on ’Change: Auckland Gas, 225; New Zealand Insurance, 40s 6d; New Zealand Government, 54 per cent., 1936. £IOO 10s. Reported sales: Holden’s Motors. 27s 6d; Westport-Stockton Coal. 2s od. WELLINGTON, April 16. Reported sale: 44 ner cent. Inscribed Stock (1939 and 1933), £97 12s 6d. Reported sales: Bank of New Zealand, 60s; Wellington Trust Loan Investment, £6 12s 6d. DUNEDIN, April 16. Sales, on ’Change: Westport Stockton, erd., 2s 3d. WOOL. PRICES. SOUND AT ABOUT PRESENT LEVELS, In a circular dated March 21st. Wiiieheombe, C'arson, Limited, stated that reports indicate that on December 31 stocks of wool in America were about 303.668,000 lb, whereas at the end of 1922 they were 20 per cent larger. A diminution of stocks , was to- he seen in most other wool-consuming countries. Speaking of the, selling conditions which have existed , during the recent Sydney season, Winclieombc, Carson Limited write that only superfine merino fleece lines failed to attract highly gratifying bids. Such wools had benefited most in the markets seen since the war, and they suffered least in the relapse of prices in 1925, It is claimed; that recent New South Wales choicest clips wore 'not' as bright as was usually the case. Such a reason for the lack of high prices would he accepted if exceptional figures had been seen elsewhere. The position,, writes the firm, was that wool of superfine quality was abundant, many clips usually, onlyof .medium fineness proving to be exceptionally ..fine, owing .to the dry season. These . could be bought at 'loss price than bright superfine parcels, and, after scouring, they would give practically similar manufaetuiv itig results. Wiiicheombo,. C'arson, Limited, expressed the opinion that prices for wool were sound at about present, level's. Slight variation might occur from time .to time. - but the situation seemed to be too safe for urices to be materially affected in'the near future.