COMMERCIAL

Gisborne Times, Volume LXXII, Issue 11491, 19 November 1931, Page 2

COMMERCIAL

SILVER CURRENCY, PROPOSED WORLD-WIDE - ADOPTION.ECONOMISTS STATE DEPRESSION WOULD END. U.P.A. by Elec. Tel. Copyright.) LONDON, Nog. 17.

Sir Robert Horne, as chairman of the Silver-Association, urges consideration of the . suggestion that the Government, with thesiippor-t of the Dominions, should convene, or agree to participate in an (international conference on .silver with a view to its reintroduction . in the - world’s monetary, system. y A complete international- agreement, perhaps, at present would be impossible, ‘says Sir Robert H-orne, but nothing is more likely to) assist, it than an agreement between the Empire and the United States, with the co-operation of France. It is the opinion of. the Silver Association that if as a result ot such an agreement silver were reintroduced as the world’s monetary system the present depression would end. • STOCK AND SHARE MARKETS. (Press Association AUCKLAND, v Nor., 18. Sales on ’Changri: Waihi, 15 s ; Commercial Bank, 16s;. County, 6 per cents., 1962,'. iCtfiO, , Reported sales: Union Bank, -£8 Is 6d; ;Gisbonie Shoepfnrmers, 6-J----per rent., 1941, £73'. CHRISTCHURCH. Nor. 18. Sales on 'Change: New Zealand GiOrdrnmenk, per.-, of nb. (bonds, 1937, CDS 15s; Commercial Bank oi Australia, 15s lid (2),; Dalgcty. and Cn., cum div., £7 14s; Golds Brough Mori, 22s 4d (6) ; New Zealnd Brewera ies, 33s Kid, 345; Golden Point, 7 Id.

Reported sales: New Zealand Government, 51 per cent., inscribed stock 1037, £99 2s--fid ; New Zealand -Government, 51" per cent, bonds, 1937, £99 2s. fid. '• - " DUNEDIN. Nor. 18. Sale .reported: Tooth’s Brewery, 19s fid. LONDON WOOL SALES Messrs Dalgeiy and Co., Ltd., hare ■ received- the following cable, from their head office, dated Nov. 17: _ London wool, sales : . The, following vessels in which wo arc interested, have arrived in time for the sales: Rangitata-,' Tairoa, -Tamili, Rangitane, Maimon, TTernnnius, and Renmera, The list of arrivals- closed on, Nov. 16. Quantity available: Australian 58,000 bales; New Zealand 25.900, Cape 1500, South America 4000, carry forward 131,500 bales, of which wo telieve abbut. 3000 bales have been sold between sales. Brokers expect to catalogue 213.G00 bales, including 96,350 bales Australian, 105.200 New Zealand, 2200 Cape, 3GOO South American, (1520 England, etc. Messrs Dalgcty and Co.. Ltd., will sell on 26th hist. 14th and 17th proximo,” ADDINGTON STOCK MARKET. HOT WEATHER AFFECTS PRICES. GENERAL EASING IX EAT STOCK VALUES. (Press Association’ CHRISTCHURCH, Nov. 18. The continuance of the period el hot weather has greatly reduced the consumption of meal hv the people of Christchurch, and tin's Ret was reflected in a general easing in values in the principal Lai stock sections at the weekly slock' market at Addington to-day. In many instances th,-. decline was a sharp one. Store .sheep: There was a moderate entry, with few lines of quality otitored. The il'inmnl was weak and the sale dull, vahie s declining Is to 2s a head. Medium ewes and lambs (all counted) made 7s to 9s; inlerior ewes and lambs, to 5s 9d ; medium half-bred wether hoggets (shorn) to 11s fid; average halfbred wether hoggets 8s to 9s fid ; crossbred ewe hoggets to 10s lfkl; two, four amt six-tooth wethers, 8s 7d to 10s 7d; small two, four and six-tooth wethers to 6s.

> a t lambs, The entry totalled 950, and the quality was very good. The sale was a steady one, but until a lower basis of values.. The average price for lamb was 6d por Extra prime lnmb s made to 24s 7d ; prime lambs,’ 18s Id to 20s 10d; medium lambs, 15s lid. to L7s lid; light iambs 11s lOd to 15s 7cl. Fat sheep: The entry was 5100 and the over-supply found the market very dull, with a general easing of 3s to 4s a head. Extra prime heavy wethers to 21s Id; prime heavy 16s 6d to 19s 6d; medium, 14s to 16s; light, 9s 6d to IBs Cd; extra prime heavy ewes to IBs 10d; prime 13s to 16a; medium 9s 6d to 12s 6d; light, 7s to 9s 3d; aged, 3s 10d to 6s fid. , ' r Fat cattle: The entry totalled .485 head, representative of tlio -North Island, Southland and Otag[o, besides Oanterbr.;-7:’ and South Canterbury. Competition was extremely dull and there was a general easing

of £1 10s a head. Very heavy North: Island ■ steer,s. topped the market at£l3 17s fid. Best beef made tromi 23s to 26s per lOOlbs; good liiedmm-: weight prime beef, 18s to ‘22s; heavy, beef from 18s to 21s fid; ordinary; beef 15s to 18s; inferior beef to. and rough beef lOs. Extra prime heavy steers' niacin-£l3 17. s fid; prime heavy £8 15s to £ll Jos ; medium--weight prime £0 15s to £8 10s; or-; dinarv quality, £3 15s to £6 10s;. light‘to £3 lOs; extra prime heifers to £9 12s Gd; prime GG to £8 10s;; medium, £3 15s to £5 1.55; light, to £3 10s; extra prime now's to £9 17s fid’; prime £5 to £S; medium, £3 to £4 10s; light to £2 16». Fat pigs: There was a very largo ‘ entry, and the demand was very weak Porlcev.s wore in over supply. Heavy baco.ncrs were .practically unsaleable, Choppers made 35s to £3 13s fid; baooners 42s ifid; heavy haeoners, 48s to 51s; extra heavy haeoners to 54s fid; average price per lb., 3d to 4sd ; porker,s, 34s- to 375; heavy peckers, 38s (o 40s: average price per Irn, 54cl to Old. WESTFIELD YARDS. PRICES CONTINUE EASIER, (Press Association’ AUCKLAND. Nov. 18. Prices continued to lie easier for most classes of stock at Westfield to-day. Extra' choice ox sold to 23s per 1001 b, choice and prime fix 15s to 22»; choice and prime cow and heifer 17s to 225. There was little demand for the average offering of sheep, but last week’s values were maintained. Prime wethers made 10s 3d to 15s fid; unfinished wethers 8s to 10s 3d; prime ewes, fis 3d to 10s 3d ; prime ewes, Gy 3d to 10 s fid; unfinished- ewes, 4s to fis 3d; hoggets 7s fid to 13s 9d. ?

Prime lambs sold from Gs fid to 15s fid.

Values for calves were again easier. Runner oolves brought 35s to 1.205; vealers 18s to sfis. Pigs were penned in average numbers. Competition was dull and values fell. •