COMMERCIAL.

Gisborne Times, Volume LXVIII, Issue 10735, 5 November 1928, Page 2

COMMERCIAL.

CANTERBURY PROD UCE MARKET. CHRISTCHURCH. Oct. 30. There is little change in the markets, and as stocks in merchants’ hands arc not large, little is being l done in pushing business. Potatoes, after tlieir sensational advance, are now steady at £ll a ton •bob., s.i. Growers have been meeting the northern demand to some extent by picking over the larger seed, but this class of supply has ceased. A few lines of tables, are comiug forward, but purchasers at the lngli prices asked, are buying only small lots. The Auckland inquiry has ceased, but there is a fair demand from, outside centres in the north. Tile main topic of conversation is the change that the good rain has made in the crop prospects. Under the influence of the prolonged spell of dry weather, the- wheat market hardened, hut the movement has cased. Oats are firm at 4s Id f.0.b., s.i., for A Cartons and 3s Od for B’s. respectively (3s Gd and 2s 1 Oil to 2s lid) on trucks). Oilerings of Danish cocksfoot at a low price has been made, belt tho compulsory staining of this seed lias affected the demand. Small stocks of Akaroa seed in the hands of merchants are firmly held on the basis up r 0 Is lid lb. ■ ' i Cowgrass can be imported at 9d a 7>, and this has reduced the value of the Canterbury product to (id to farmers.

Stocks of White Clover are not large. Values on trucks range from lOd to 12d a lb. Cheap seed is offering from England from 112 s to 120 s a cwt. This seed must lie stained on arrival. .LONDON FROZEN MEAT MARKET. Messrs. Dalgety and Co., Ltd., are in receipt of the following cable from their head office. London, dated November Ist: “N.Z. prime Canterbury lamb, 28361bs l()£cl, North Island 9Jd; Canterbury 36-421 bs lOd, North Island 9Jd • Canterbury second quality 9d, North Island 9d ; Canterbury 42-501bs 95-Bd, North Island 9Jd ; market for N.Z. lamb—any change in favor of buyers, demand Canterbury mutton 48-561bs 7d, North Island 6jd ■ Canterbury 56-641 b 63d, North Island 6 5-8 d ; Canterbury mutton, 6472Ibs 61 cl, North Island 6jßl; Canterbury ewes, 48-64-lbs old. North Island sd. Market for N.Z. mutton unchanged, demand moderate. “N.Z. prime ox beer, hinds 43d, fores 3 3 cl; Argentine chilled hinds 7d. fores 43d. Market for N.Z. beef weaker, demand quiet. “English porkers, 80-100 lbs 9d, N.Z. porkers 80-lOOlbs 71 d, 100-1201hs Ci 7.” THE RUBBER MARKET. united Picks Abb*. Dv El. Tel. Copyrlctn (Australian Preßß Assn.) (Received Nov. 4. 5.5 p.m,.) LONDON. Nov. 3. The end of the Stevenson rubber restriction scheme has not, so far. had any effect on the market, and best-informed people do not anticipate that it will cause any serious fall, for it will be demembered that prices declined sharply when the Government announced tho abandonment of tho scheme on April 4, so that the effect of removing the restriction has bsfcn discounted There has btson some anxiety regarding stocks which been undated of Malaya which are variously estimated between 70.0U0 and wed over 100,000 tons of raw rubber, which, it was feared, might be thrown on the market all at once, put it is now believed that there is no danger'of this. HOME MEAT MARKET. United Press Assn, by El. Tel. Conyricbt (Australian Press Association.l (Received Nov. 4, 5.5 p.m.) LONDON, Nov. 3. Sheep.— Canterbury, light 6Jd, medium 6Jd, heavy 6jjd ; North Islandlirdit 63d, medium Bid, heavy Old: New Zealand ewes 4?d; Australian seconds 4Jd, ewes 4Jd. * Land.«.—Canterbury, medium 10)0 heavy 93d, seconds BJd ; North Island firsts', light 95 d, medium none offering. seconds SJd. Chilled beef.—Argentine hinds 65(1: others unchanged. STOCK AND SHARE MARKET (I’rea* Association.) AUCKLAND. Nov. 3. Sales reported: New Zealand Insurance, 46s 3d; South British 63s Gd; Pukeniiro Collieries 67s Cd. WELLINGTON, Nov. 3Reported sales: Wellington City. 5,i. per cent, debentures. £99 1.0 s; Bank of New Zealand, Gits 3d ; National Insurance 17s; Now Zealand Insurance. -16 s 3d; South British Insurance, 645; Electrolytic Zinc., ord., 33s 61DUNIEDIN, Nov. 3. Sales reported: National Insurance (cum. div.) 17?-