COMMERCIAL

Gisborne Times, Volume LXXIII, Issue 11548, 27 January 1932, Page 2

COMMERCIAL

EXPORT "OF MEAT

FREEZING COMPANIES’ BRANDS

Bv ri recent decision of the C an--1 filmrv freezing companies, tanners who wish to export their moat tliernselv.-i or through tlie slock.:°g' cuts, are now, no longer permitted to use Iho companies’ brands. Nego- - tiatiorm are proceeding among tho three interested parties—-the companies, the stock • agents, arid the Vfeat fProdiioers’ Board—and it. is hoped to reach a satisfactory -solution of this difficulty before long. It, ha« always previously • been the 'custom of the companies to allow the use of their works’ brand'; to de- ! scribe the moat... whomever it is exported by. Last season many fanners exporter privately, arid several •■.pools.” were fdrmed to facilitate export. Now, however, althougn the farmers still have their freezing done by the- companies, tile brands may not he used unless the compari- ■ ics both ship and sell the frozen meat. The chairman of the Meal Producers’ Board, .Mr. David Jones, to whom this matter was referred, said that negotiations were now going on among the companies*. Gio ■ stock agents, and the hoard, and it was hoped to reach a satisfactory ■settlement. He added that the grading ot meat in all the works in New Zealand was done under the supervision of tho board, and to. the board’s ..standard, so that grading eyerv- - where was uniform. CHRISTCHURCH MARKETS. CHRISTCHURCH, Jan. 23. New .season's samples are coining in more freely, but a lack of definiteness about "values, is keeping business down to small limits. A few samples of wheat have been accepted for prompt dispatch north am fowl feed. Prices range up to 4s 9d f.o.b. “Spread” fowl wheat is quoted at 4s 3-id. The crop "most affected by the dry weather ,doubtless, has been Algerian oats, and it is considered in some quarters that this variety will be scarce, while the later Gartons will lie, little short of an average yield. A sale or two of Algerians has taken place at 3s a bushel on trucks, but merchants are mentioning 2s 2d as tho nominal prieo. Good dark Duns have been sold at 3/.The., few samples ot ryegrass forward so far.are of extra, good quality. Merchants’ ideas are that, values will settle down round about 8s (id to .1.--, Oil for farmers’ dressed perennial, and 3s to 8s fid lor Italian. Sales have been made above these figures, but morclia-nts, in the present, condition of the buying emi of tho market, are not-anxious In I rude at above the figures quoted. No cocksfoot sampler, have yet been offered.

Potatoes remain unchanged at 77s Od to 80s a ton. f.o.b s-i. Valuo% to farmers range - a limit i’2 17s 3d to £3 ’on trucks.

STOCK AND SHARE MARKET

(Press Ansoeiation"*

WELLINGTON, Jan.-SC. Sale mi ..’Change: Commercial Bank, 11: 2d. ’'to' CHRISTCHURCH, Jan. 20. Sales 'on ’Change: Commercial Rank of Australia,. Ah lOd; Bank or New Zealand. -1 Is 2d (2). l-ls 3d; Union Bank of Australia, cum. div., C 7 10s- CokDbrotigh Mold, 23s 3d (2); Ml. Lvir-11. ’2os Ud; Golden Point, lfkl, lOjd; King Solomon, 2s 2)d; Okarito, Os' lid (2). Reported sale: Union Bank o! Australia, bum. div.. C 7 LOs (kl, AUCKLAND. January 23. Sales on ’Change: Commercial Bank, Ms 0d; ME Albert Borough loan, 51 per cent,. 1938. C9B Ills; British Tobacco, 23: (id ; .Mt. Lyelt, 2D. WHEAT PRICES REDUCED. (U.R.A by Flee. Tel. Copyright) LONDON, Jan. 25. Wheat cargoes are. featureless in sympathy with lower American advices. Sellers are offering to accept lower prices, hut (here are no buyers. Parcels are obtainable cheaper, but business is small. Futures.— -London : February, 23s lid; June, 21s 7d. Liverpool: March, fts Id; May. 5s 3Jd; July, 5s Gel.