COMMERCIAL

Gisborne Times, Volume LXXII, Issue 11452, 28 February 1931, Page 2

COMMERCIAL

MATAWHERO YARDS

LITTLE CHANGE IN TONE AT YESTERDAY'S SALE.

Little change was noticeable in the general tone of the stock sale at Matawhero yards. yesterday. The hulk of the store sheep offering showed a decline in prices. \ r '■) STORE SHEEP. The entry wn,s lo,9f}S..gnd was generally of as ragged "nature, showing plainly the effects of the (Ivought conditions and containing fewer. goodeoriditiohed pens than the last sale. Best .lines of ewes worevin .good demand, but the bulk of the entry showed ah easing in .values- and. there was nothing electrical; hhout' the sale atmosphere. Light anffi iioorffionditioned sheep often sold at what appeared to be ridiculous j,rices, and it was obvious that iaripors, having no feed, could not avail .themselves, of the cheap values offering. The highest price for ewes was 7s 9d lojv a first-class pen of 4,, 6, aml S-1.1 is and an excellent pen of similar age made 6s Bd. Two pens .of guaranteed 5-yr ewes with plenty of size and condition made 5s 4d, and 5s 3d respectively. -is was the figuro for . a pen of 4-th to. 4-year - qwos in good si ore condition 'and' also for a "pen of 2 and 4-th ewes in moderate "’condition. Ewes up to 5-yr in fairly good order made 3s 5d and os 3d. Many Inis of ewes ranged from Is to 2.s fid and several pens were below Is, 3d- being the lowest figure; Fairly good lambs made 4s to 3s 4d and fairly good shorn 2s 4d to 2s Bd. ’ ' A good-conditioned pen of 2 and 4-th wethers : iriacle 6s, and a. big wethers in hard condition 5s 7<l. Many wethers ranged from 3s to 4s and light, conditioned 2s fid. Two-tooth ewes made 3s 5d to 6s 7d, with 2s for a verv poor lot.

FAT CATTLE One Jersey cow, very prime, £4; 1 black cow, £3 55.; 5 cows. and heifers p.A.-Hereford cross prime heavy cow (p) £3 10s, 3 light, cows £2, G vealers, good TTerefords. £1 6s. FAT SHEEP « The entry of fat sheep was 337, and there was no change in the market-. ‘Prime heavy ewes made to 5s Id other ewes 3s 4d to 4 s lOd, wool]v 2 and 4-tli owes, 7s; lambs, 7s- to 8s; wethers 6s fid to 7s 6d. Second grade ewes were in little demand, making 2s 4d to 2s Gd. Prices: — First grade: One lamb 7s; 12 lambs 8s; 6 lambs 7s 7d; -6 lambs 7s 7d, 7 lambs 7s 9d, 7 wethers 8s sd, 2 wethers 7s, G wethers Gs Gd, 17 wethers 7s Gd, 47 prime heavy ewes 5s Id, 36 do. os Id. 16 ewes 4s, 10 ewes 2s lid, 6 ewes -is 9d, 15 ewes 3s 43, 65 ewes 3s Gd, 12 eaves 4s lOd, 4 woollv ewes 2 and 4-th 7s.

Second grade: One ewe 2s Gd, 4 ewes 2s 4d, 24 ewes 2s 4d.

PROPOSED STABILISATION OF SILVER. (British Official Wireless) RUGBY, Feb. 26. Mr. Snowdon answering a' Parliamentary question, said he would give careful consideration to any practicable proposals for the .stabilisation of silver, but thought it would he difficult to deal with silver effectively, except, as part of the wider problem of general price stabilisation. EETLDIXG YARDS. (Press Association.> FEUDING, Feb. 2.7 There was a very large yarding of 20,000 sheep al the stock sale. Breeding owes were a large entry, and prices searcelv readied those of the fair In-1 Friday, young ewes slumping. 8-tore" lambs were in good demand. Fat lambs made 11s to 18s 3d, fat ewes 4s 4d to Os. ]od, fat wethers Ss 10d to 12s. jStnres;—Two-tootli breeding ewes in 47s 6d, 4-tooth to 15s 3d, 6-tooth to 12s Gd, older ewes at 5s 3d..t0 Os hi, store rape lambs to 95,. wether iambs to 7s id, ewe lambs to 7s 10(1, woolly lambs good to 10s 4d. Eat cattle sold at equal to 22s per 1001 b for heifer and bullocks. Dairy erdMe sold at; market rates. LONDON BETTER AND CHEESE MARKETS. (T7.P.A, hv Elec. Tel Copyright) (Received Feb. 27,. 5.5 p.m.) LONDON, Feb. 26. The butter market is cpiiet. and slightly easier. Danish is quoted at lids to 1425, choicest salted New Zealand 120 s to 1225. .Australian 120 s to 121 s, unsalted New Zealand 126 s to 1.285, Australian 122 s to 1265. , ; , The elioesq market is steady._New Zealand white is quoted at. 57s to 58s, colored 50s, Australian 56s to 48s. BRADFORD TOPS MARKET. tU.P.A. by Elcc. Tel. Cocyright) (Received Feb. 27. 5.5 p.m.) LONDON, Fob. 26. At the Bradford tops market' prices are slightly advancing. Seventies are quoted at 255, per pound,-. 64’s 22'd ; 60’s, 20d ; sfi’s 15(1; 50’s 4 2d; 46’s lOd; 40’s 'lOd. NEW HIGH RECORD EXCITING DAY ON NEW YORK STOCK EXCHANGE (U.P.A. bv Elcc- Tel Copyright) NEW YORK, Feb. 26. Stocks made large gains late this afternoon, culminating a day" of sharp activity and rising prices. Gains-total from one to Ft’ points, wifli many is! sues making new high records for the year. United States Steel advanced four points to a new high price of 152j|; General Motors gained If points to 45; Atihnrn Automobile ,rosj.e , 11} points to 217. Sales for the day totalled 4,600,000 shares.

BANK OF; AUSTRALASIA. FINAL DIVIDEND OF SIX SHILLINGS TAX FREE. • EULOGISTIC COMMENT IN < LONDON. ' SHARES RISE IpMEDIATFLY. IU.P.A. by Elec Tel. Copyright) (Received Feb. 27,' 7-5 p.m.) The Bank of Australasia; has declared, a final, dividend, of six? shillings tax' frefel '-.V ’ ID P.A. by Elec. Tel. Copyright)

(Received Feb. 2,7, 9 p.m,) . ' LONDON, Feb. 27. The Times City editor, commenting on the Bank’ of' Australasia’s dividend says: ‘‘The result obtained during a period of exceptional difficulties,, is decidedly satisfactory.' , The "bank -is one of 'three large •Australian' institutions with its head' offibe ill ;En'£land and is therefore earning piofits m depreciated Austi'aUan pounds while paying - dividends in sterling, therefore the announcement nfn'pl.ics even better results than ar e apparent;-,■•/'