COMMERCIAL

Gisborne Times, Volume LXXII, Issue 11493, 21 November 1931, Page 7

COMMERCIAL

NEXT WHEAT HARVEST

Commenting upon tho latest Government statistics the '-‘Christchurch Press” says: “The estimate of the wheat crop sown for 1932 is set down at 276,000 acres. This probably will not be far wide, of the mark, although the general opinion' is that the area .will be . slightly more—per-, haps another 10,000 or 10,000 acres. .The area, at an average of 31 bushI els to the acre, 'should return something over 81 million bushels, sufficient for the ensuing season’s needs, and not-taking-into'account the imported wheat! anci.fl’our, ’which: annually : represent-A about three-quarters of a million, bushels. .Thorp is just tho possibility ;that .h itil the reduction' .of ’ tfie -■ duty" under; .the si id ing scale,--' local-.!..wheat;. •.•will ,bo cheap enough to reduce the-’quantity of imports, .and. the . hardening, market: abroad mrty also hilye an influence in' this ‘ respect: Tf ;n'ot, the ; possibilities of.-a: surplus are- increased and may bring into operation the equalisation scheme which is an . essential part of tho agree-; menfc arranged between ,tho millers and growers.”

MATAWHERO YARDS FALL IN PRICES I.ower prices were recorded at • tho Matawhero stock salo yesterday for most classes of stock. Store sheep declined in sympathy with fat Sheep, while the beef market subsided to a particularly low level. There was a brisk demand for pigs, however, PIGS There was a good brisk sale of pigs but only a small entry came forward. Prices. —One white porker, 19s; 7 good Berkshire slips, 15s; 4 do., smaller, 14s 6fl; 4 small Berkshire stores, 163; 6 good slifis, ,Isa; 4 small store*, ]7; 4 do., 18s. FAT SHEEP The entry of fat sheep totalled. 700, and the expected drop in prices took place. Shorn ewes sold to 5s Bd, but quality ewes -generally realised, from 4~s" to. ss. Woolly ewes brought 7s Id, and-good woolly .mixed 2-tootbs 8s Gd; second grade woolly owes to 5s Id, and shorn, to 3a 7d. Prices:— Wethers. —2,7 s 2d. Ewes. —114, solid, shorn. As lid; 50, good mixed, woolly, 2-tooth, 8s 6d; 25, heavy, 4s 9d; 13, 4s; 255, ss; 1 ■Woolly heavy, 6s 9d; 127, heavy, ss, 4s lid and 4s 9d; 21, As 3d; 3,4 s lid; 15, woolly, 7s Id; 2,4 s; 4,5 s 8d; 30, heavy, ss; 37, 4s; 40, As. Second grade ewes. —3,3 s 6d; 14, woolly, 5s Id; 2, woolly, 4s; 22, 2s 4d; 43, 3s sd; 4,3 s 6d; 4,3 s sd; 6,3 s 3d; 34, 3s 7d; 46, 3s 6d. STOCK AND SHARE MARKETS (Press Association.! AUCKLAND, Nov. 20. Sales on •’Change: Commercial Bank 16s 4d; Bank of New Zealand, 495. ’Reported sales: Commercial Bank, 16a 3d; British Tobacco, 24s 8d; Bank of New Zealand, 49s 4Jd; Bank of . Australasia, £9 10s. CHRISTCHURCH, Nov. 20. Sales on 'Change.: Goldsbrough Mort 22s lOd, 22s’ ; 9d; New Zealand Refrigerating, 10sf paid., 4s 3d .(2), 4s 4d; New Zealand Breweries, cum. div., 30s 3d, 30'5... Id,' 30s; King Solomon, 2s lid; Golden Dawn, 7s sd, 7s 6d (3) : ; Golden Point, 1 84d*«(4). Reported. sales: Bank of New Zealand, cum. div., 43s 6d. LONDON DAIRY PRODUCE MARKET Messrs. Dalgety and Company, Limited, havo received the following cable from their head office dated Nov. 19: “The butter market is depressed. Quotations are: Danish butter, 130 s to :132s per cwt.; N.Z. finest butter, 106 s to 112 s; Australian finest, unsalted,, 106 sto 109 s; salted, 104 s to*' 106';; Australian butter, G.A.Q., 98s to litis. “The cheese market is depressed. Quotations are: Australian coloured, 635, to 64s per cwt.; N.Z. white, 66s to 68s; coloured, 65s to 665; Canadian white,.66s.to 70s; coloured, 665, to 70s.