COMMERCIAL

Gisborne Times, Volume LXXIII, Issue 11826, 6 January 1933, Page 2

COMMERCIAL

AUSTRALIAN PRODUCE MARKET (U.P.A. by Eiec. Tel. Copyright) (Received Jan. 5, 11 p.m.) ADELAIDE, Jan. 5. Wheat growers’ Jots to S.s 71d; flour £7 10s; bran £5; pollard £5 10s; oats Is 5d to Is fid. LONDON, Jan. 4. P. and O shares are quoted at ICa 4 Id LIVE STOCK MARKET. ■■ STORTFORD LODGE SALE. HASTINGS, Jan. 4. At the opening sale for the new year at Stortfdrd Lodge to-day there was the smallest yarding of beef cattle for some years, only 59 head being penned. The short yarding was responsible for a sharp rise in prices, equal to 20s a head on ox beef and £2 in one pen of fat cows. Light prime weight ox beef realised up to 19s a 1001 b.

Fat Cattle.—Medium prime bullocks, £6 to £7; light prime £4 6s to £5 19s; Jersey bullocks £2 10s to £3; fat cows, medium prime £4 5s to £5 3s; light prime £3 Is to £3 13s; fat heifers, prime heavy £4 8s; prime light, £2 15s; dairy sorts, prime £2 to £2 7s 6d; unfinished, £1 6s 6d to £i 17s 6d .

There was a small entry- of dairy cattle, with little inquiry, in consequence of which most were passed. The offering included some good quality heifers, but vendors were not prepared to accept the low prices offering. Store Sheep.—3ooo head were offered, comprising mostly wethers and rape lambs. A line of 455 rape wethers realised 6s 7d. Prices in this class varied from 4s to 6s 7cl. A pen of 100 rape lambs, mixed sexes, realised Bs. A line of 122 fat and forward 4-6-th. wethers, one of the best offerings of the day, made 10s. Blackface cross lambs, light condition, rather small, sold at 7s, and ewe lambs made up to 4s 6d. Fat Sheep.—sso head were yarded. The offering of fat ewe 3 being below requirements at end of sale butchers had to pay high prices, medium sorts making up to 7s 7d, although earlier in the sale better sheep were sold at 5s Bd. A draft of prime wethers made 12s 6d and 12s, and drafts of prime lambs, 13s 2d and 12s 7d,

DANISH FARMERS IN TROUBLE

A pamphlet issued by the Federation of Danish farmers, which claims a membership of 130,000 out of 206,000 farmers in the country, sets out the desperate economic conditions of Danish agriculture at the present time. It is estimated that during the past, financial year the returns on capital invested in the industry will show a deficit of 1.52 per cent, and that the security of land bonds, held by the city population, is dangerously threatened. So long as export prices remain at the present level, Danish agriculture is, we are told,, approaching collapse. The farmer’ proposal is that the krone should be depreciated by the regulation of the currency, and that the krone should hear a fixed relation 1o sterling. Thus ii. is considered, Danish production for export, of bacon particularly, would be curtailed as the price of corn, now mainly imported, would rise, and farmers could again grow corn for profit.

It is a matter of interest to British farmers, says the 'Tunes, to find that Denmark now realises the need for keeping her bacon production within hounds. The great increase in quantifies shipped to England during the past year has ruined the market both for the Danes and for ourselves. The Pig Re-oranisation Commission’r report is expected to he published soon, ft, then hr- possible to foresee more clearly the future place of Danish bacon in this country. PRICES IN LONDON DAIRY PRODUCE MARKET N.Z. Loan and Mercantile Agency Co. Ltd., have received the following cable from their London office under date 4th instant: “Butter, Si's, market quiet; cheese, white, 48s to 4-s; colored, 565, market steady.”