COMMERCIAL.

Gisborne Times, Volume LXVIII, Issue 10752, 24 November 1928, Page 2

COMMERCIAL.

LONDON’S NEW MART OPEYED BY THE QUEEN STALLHOLDERS GENEROUS GIFT TO HER MAJESTY (British Official Wireless.) LONDON. Nov. 22. Rain all day did not deter, thousands of East Enders from lining the busy thoroughfares to Spitafields, where Her Majesty, deputising for the- King, motored for the ceremonial opening of the £2,000,000 market extension. The Lord Mayor and civil dignatorios were conveyed in gilded carriages to the maikct, where they assembled at the great pavilion in which there were 1000 guests. Mr T. Trumbln represented Australia and ‘ Sir James Parr represented New Zealand. 'liie Lord Mayor presented the gold key- with which the Queen opened the market to the accompaniment at cheers, An official inspection followed. In the centre of the 10-acro market, stood a huge fruit-laden basket ship, named the Sailor King, which the stall holders presented to the Queen as a gift, and which contained a selection from all parts of the world mostly Empire grown. A case, of Australian navel oranges was included. All are being given to London hospitals. Although there are many exhibits from parts of the Empire there is none from Australia.

LOCAL PRODUCE MARKET,

LITTLE ACTIVITY

Very little activity has been shown on the local produce market during the past week. Maize has been particularly lifeless and practically no business has been passing. Buyers at Auckland are ottering 5s per bushel f.o.b. at Gibonie, but local farmers want to clear ss.

Superphosphates are slow of sale on account of shearing operations in progress, but orders are being freely booked for forward delivery, particularly for December, January and February, when a reduction of 7s 6d is m operation. The orders for these periods have come in so freely that already the closure has been applied for February and the companies are considering doing the same for January.

Grass-seed, as is usual in shearing time, is in little demand. Potato supplies from tho south are practically at an end and any future business will probably have to be in the new season’s crops.

MATAWHERO STOCK' SALE.

GOOD COMPETITION PREVAILS

ONLY SMALL YARDING

Despite only a small attendance of the public at the Matawhero stocksale yesterday, competition was good Tor the small' yarding of stock offered and prices were well up to those ruling at recent sales. Store sheep totalled 789, fat sheep. I€ 3, pigs 100 and fat cattle three.

Store Sheep.—A small yarding of store sheep, 789, came forward. Good two-tooth wethers made £1 4s 7d, and small wethers £1 2s 7d. A line of woolly ewes, with 100 per cent, of .good Down lambs, were passed at £2 0s Od. A small pen of woolly ewes, with very heavy lambs, brought £2 Is 3d. Other prices were: 114 2-th wethers, small, £1 2s 7d; 355 2-tli wethers, fairly good, £1 3s 2d; 260 woolly owes and 269 lambs, in good condition (n) £2 Os 6d; 15 2-th wethers, a good lot. £1 4s 7cl; 9 woolly owes, with 9 woolly lambs, £2 is 3d; 29 mixed two-fcooths, good. £1 3s 9d; 5 woolly ewes and 5 lambs, £1 14s: 2 woolly ewes with 4 lambs £1 17s. Fat sheep.—An entry of 103 fat sheep met with an average demand, prices showing a slight advance. Heavy shorn ewes made up to £1 Is 3d, while medium ewes realised 18s 6cl. Woolly ewes went ’to £1 7s Id, and second-grade shorn ewes to 17s 9d. Other prices were: 35 heavy ewes £1 0s 7d; 25 do.. £1 Is 3d; 7 woolly ewes, £1 7s Id; 1 ewe. 18s; 5 ewes, medium weight, 18s Od ; 2 mixed 2ths, £1 4s Od; 3 owe..;, heavy, £1; 6 owes, £1 0s lOd; 1 wether, £1 ss; 1 maiden ewe, £1 ss, Second grade: 17 ewes, 17s 9d. Fat cattle: One prime heavy cow, £8 17; Gd; 3 good vealers, £2 5s Pigs.—There was an entry of 100 pigs and the market was lifeless. Prices : 1 good Yorkshire weaner (p) 7; Gd; 4 good Berkshire woaners, 8s; 3 woaners, no hid ; 3 Yorkshire weaners, good, Ofr; I lengthy Berkshire weaners, no bid ; 2 plain woaners, no hid; 1 choice heavy slips 12s; 2 good sized weaners (p) Gs; 5 fair weaners, no bid; 3 Yorkshire slips (p) 8s; 7 medium-sized stores, 16s; 5 do., los Gd.

FEILDING YARDS,

(Press Association.) FEILDING, Nov. 23. Extraordinarily good prices were realised for sheep and dairy rattle at the Eei/duig sale to-day. Ewe hoggets in wool sold up to 465, this being the highest price this season. The demand was very keen. Shorn hoggets not of first quality sold up to 265. In fat sheep there was a small yarding ,-.t late rates. Dairy rattle wore in big, demand. Cows in mdk to £l6 ss, springing cows £8 to £lO, springing heifers £9 15s 4d, heifers in milk £5 10s. Fat cows brought from £5 10s 6d to £ll 10s, fat iieifers £9 5s to £lO, vealers £2 2s 6d. three-year S.H. heifers £9 ss. three-year bullocks £ll 7s 6d, bulls £4 to £lO.

N.Z. LOAN AND MERCANTILE AGENCY CO. (Press Association.) WELLINGTON. Nov. 23. The New Zealand Loan and Mercantile Co. has received a cable message from London stating that the interim dividends paid on the 5 pei cent, cumulative preference stock and on ordinary stock, together with a dividend on 6.J per cent, cumulative second preference .stock for the year, plus the dividends now proposed to be paid, will absorb £162.000 of the year’s profits.. The dividends proposed are a final dividend on 5 per cent, cumulative preference stock of 24 per cent., making 5 per cent, .for the year... and on ordinary stock, a final dividend of 5 per cent,, making 8 per cent, for the year, troth less 2s in the £ in respect to English income tax.

STOCK AND SHARE MARKET Pres* Association. l AUCKLAND. Nov. 23. There was no call on the Stock Exchange to-day owing to the opening of the Auckland Spring Show. WELLINGTON. Nov. 23. Reported sale; Bank of New Zealand, 61s 9d. At the 12.15 pun. call reported .sales were: National Bank of Australasia (5) £9 12s (cum div) ; Union Bank of Australia. £ls 7s 6d; Dalgety and Co.. £ls 14s .(ex diy); New Zealand Guarantee Corporation (ord.) 8s 7d; National Insurance Co. 16s lid, 17s (cum. div.) WELLINGTON, Nov. 23.

Stock Exchange sales on the Change: Electrolytic Zinc (ord.) 3-t>s Gd.

Sales reported: 51 per cent, stock (1933) £lOl 7s 6d, N.Z. Breweries Bonds (2 parcels) 255, -National Bank oT Australasia (£5), £0 12s, Bank of New Zealand £3 Is 9d, Bank of N.Z. 11 share 2S.<? 3d, Union Bank £ls 7s fid. Dalgetv a.ud Co. £l-5 4s, Uoldsbrougli Mort and Co, 52s 9d, N.Z. Guarantee Corporation 8s 7d, JN’STional Insurance 16s lid an‘d 17s. N.Z. Refrigerating (10s paid) 9s sd.

CHRISTCHURCH. Nov. 23

Sales on Change: E.S. and A. Bank £8 9s: Christchurch Gas.. 26s od: Now Zealand Breweries. 57s 6d (4); Tooth’s Brewery, 47s Gd; Nyanz.a Sugar, £2 Gs 3d. Sales reported: Dalgety and Co., £ls ss, Union Steamship Co. (prof.) 20s 7d. DUNEDIN Nov. 23. Sales on Change: Upper Nevis (prof.) Is Cd prem.

LONDON WOOL SALES. Messrs. Dalgety and Co.. Ltd., have received tile following cable from their head office, dated November 22: ‘‘The London wool sales continue. and competition is strong. As compared with closing rates oi' last series, greasy crossbred 7\ to 10 per cent-, higher on average.”

Messrs. Murray, Roberts and Co., Ltd., are in receipt of the following cable from their London house:

“Sales continue good tone. Compared last London closing rates lambs, merino greasy, advanced 5 to 10 per cent. ; scoured merino, best, advanced 5 per cent.; medium to good, 7) per cent. ; inferior par to 5 per cent, advance; crossbred greasy, very small selection, advanced 71 per cent.”

LONDON DAIRY PRODUCE MARKET.

Messrs. Dalgety and Co., Ltd., Gisborne, have received the following calle from their head office, dated November 22:

“Butter.—Market firm. Quotations arc: Danish 200si per c-wt.: N.Z. finest 176 s to 180 s: Australian finest, unsalted 182 s to 184 s. salted 170 s to 1.74, G.A.Q. 166 s to 168 s. Cheese.—Market quiet. Quotations are: N.Z. white ,103 s to 105 per cwt., colored 102 s to 103; Canadian white 106 s to 11.0 s, colored 106 s to 110 s, U.I.F. 100 s to 104 s.