COMMERCIAL.

Gisborne Times, Volume LXVIII, Issue 10721, 19 October 1928, Page 2

COMMERCIAL.

EXPENSIVE MEAT AVAR

United Press Ausn. by FJ. Tel. Oopyrigh (Australian Press Asan.)

LONDON, Oct. 17

The disastrous effects of the long-drawn-out Argentine meat war, which was sett fed in November, 1027 is shown in tho balanee-sheet of the Smithfield, Argentine Meat Co., for the year ended December 31. 1927. The trading loss was .•€112,737, following a loss of £137,982 in the previous year.

HIDE AND SHEEP SKIN SALE

REPORT

Messrs. Murray, Roberts and Co.’s Wellington branch report; as follow. At the fortnightly sale of sheep skins, held on October 12, there was a good attendance of buyers. Competition for dry sheep skins was good at iast sale’s level of value's, hut the demand for salted lots was weak, and these showed a decline of up to If- per skin. Since last sale the hide market Iras weakened a good deal and prices to-day wore about -|d lower; while calf skins were decidedly easier in price. Tallow was very firm.

LONDON DAIRY PRODUCE

MARKET

The New Zealand Loan and Mercantile Agency Co., Ltd., are in receipt of the following cable from thecaLondon house, under date of 17th hist • “Butter, choicest salted 178 s to 182,s ; cheese, white, 110 s. colored 108 s. Market slow.” LONDON TALLOW SALES fJnltefl Press Assn, by El. Tel Copyrigrhl 4 uutrallan Press Assn.—United Bervloe LONDON, -Oct. 17. At the tallow- sales' 345 casks were offered and 148 sold at full rates. Mutton, fine, made 465: medium, 41s; beef, fine, 4:75; medium, 41s. MAIZE MARKET Tho maizo market is unaltered, and with the price relatively lower than wheat there is a steady demand from poultry-keepers and pig breeders. No business has yet been reported with Gisborne for the current season’s crop.—Auckland Herald ol Tuesday. WHAKATANE SPRING CATTLE FAffi (Special to the Times.) OPOTIKI, Oct. 18. Messrs Dalgety. and Co., Ltd., report having held their spring cattle fair in the Whakatane saleyards yesterday. There was a full yarding of 1300 head 1 including a good proportion of extra good station bred bullocks and steers. The attendance of buyers was large, operators being present, from the Waikato, Rotorua, and all parts of the Bay of Plenty. Competition was very keen and everything was disposed of under the hammer at prices in advance of the, previous sales. The following prices were realised: Fresh and forward conditioned 3 and 4-yr Hereford bullocks, 90 at £l2, .37 at £ll 7s 6cl;* store conditioned 3'and 4-year Shorthorn bullocks, £9 4-Bs, £9 2s 6d, £8 17s 6d; two and. .three<-year Rolled Angus steers £9 12s ; 18-month Hereford steers. £7 14s. Oct; year hug Polled Angus steers £‘B 4s to £6 7s ] 2 and 3-year Shorthorn steers £7 7s, £7, £6 6a od, £6 Is; best fat cows £B’los to . £9',115.: medium £6 10s to £7 19s Gd; light £5 0s to £6; best store cows £4 17s to £5 10s; rough, £2, 11s. to £3 17s . 6di; good, quality yearling Jersey heifers £4 10s to £5 9s; -smaller'£4 Is. There.'was a good yarding: of store pigs ;and isows with litters which sold under good (demand at an advance on the previous ■ sale . ''-n

WILLIAM BEARDMGRE AND. CO

REORGANISATION OP SHARE. and loan capital

•1 nlted Press Assn, by El. Tel Oopyrigbi A astrallan Press Assd.— United bervioe ' LONDON, Oct,. 17.

A scheme proposed for reorganising the share and loan capital o' William Beardmorc and Co., _ the shipbuilders, includes the writing down of 20s cumulative preference shares to 10s, and cancelling four years’ arrears of dividends; and writing down 20s ordinary shares to Is. It is also proposed to issue various debenture stocks totalling £4,150,000 in order to meet the claims of existing creditors, including the Treasury and War Office. STOCK AND SHARE MARKETS. (press Association.) AUCKLAND, Oct, IS. Bales on ’Change: Hayward's Pictures, 21s; Farmers’ Auctioneering (ord.), 655. Reported sales: Canterbury Farmers, 61 per cent,, £94 os; War Loan, 1927-41, 5} per cent., £99. CHIUSTCHUR.CH, Oct. IS. Sales on ’Change: Tooth’s Brewery, 48s 5d ; Mahakipawa Is 4d (2). DUNEDIN, Oct. 18.

Sale reported: 1.920, 41 per cent., bonds, £99. On ’Change: Kildare, 2 S 10d.

VICTORIAN HIDES MARKET

United Press Assn, by El. Tel. Copyrijjb' (Australian Presß Assn.) (Received Oct. 18, 11 p.m.) MELBOURNE, Oct, 18. Tho hides market is irregular. Stouts are unchanged. Kips debhncd one halfpenny and others one farthing.' .

AUSTRALIAN PRODUCE MARKETS

United Press Assn, by El. Tel. Copyright

(Australian Press Assn.! (Received Oct. 18, 8.5 p.m.) v SYDNEY, Oct, 18

Wheat, growers’, lots, country stations 4s Id, ex trucks"' at Sydney 4s Sid; flour, £l2 10s; bran and pollard, £7; oats, Tasmanian, 4s Sd to 4s 10dj; Algerian, '4s 6d to 4s 9d ; potatoes, Tasmanian, £8 to £8 10s; Clarence River, new, £l4; onions, £l3 10s to £lO. ' ADELAIDE, Oct. 18.

Wheat, growers’ lots, 4s 7-id to 4s.Bd; flour, bakers’ lots, £ll 15s; bran £6 15s; pollard .£7 2s 6d; oats 3s 3d, - : • -