COMMERCIAL

Gisborne Times, Volume LXXIII, Issue 11830, 11 January 1933, Page 2

COMMERCIAL

WORLD WHEAT' PRODUCTION :.V: ■',> CONFERENCE,

MOVEMENT DEVELOPING.

(U.P.A. by Elec. TeL • Copyright) (Received Jan. 10, 5.5 p.m.) WINNIPEG, Jan. 9.

The movement to' call a world wheat production conference at Ottawa on January 17 gained impetus to-day when the Premiers of Saskatchewan, Alberta, and Manitoba, students of the -wheat situation and Dominion grain growers, joined! in approval of the suggestion that should the. Dominion Government ’ approve, Australia, Argentina and United States would he invited. The proponents believe if production can be justified in accordance with the needs of the importing nations, tire world wheat flood would be checked, prices consequently improving. SYDNEY WOOL SALES GREASY MERINO FLEECE SELLS TO I6d. *TT.P A bv Elec Tei. Copyright.) (Received -.Jan. 10, 9.15 pin.) SYDNEY, Jan. 10. At the wool sales 11,740 ; bales were offered, of which 11,079 (were sold, and .2920 bales were disposed of privately. Prices were firm, The offering .included a. small quota of wool, for which there wa- s a special demand. Greasy merino, fleece made to 1.6 d. Tho average price of rwooi sold in Sydney last week wa s £lO '7s lid per bale, or 8,27 d per lb.

DAIRY PRODUCE PRICES

BUTTER MARKET SLOW

The London butter market closed on Friday at Sis for New Zealand finest and 82.; for first grade. Compared with the previous week’s quotations finest is unchanged, .but first grade ha’s eased by a shilling a. cwt, Advice received by the Dairy Produce Board from its London office reports the market to be slow. Retail, prices are unchanged. Danish is selling at Is 2d per lb. and New Zealand at lid, The board’s, (agents in Canada have re. ported that butter is selling at 23f cents in Now York and at 2lf cents in Montreal.

NEW SEASON’S LAMB

MODERATE DEMAND AT SMITH FIELD

PRICES WEAKEN SLIGHTLY

Owing to short spot stocks the wether mutton market is very firm and dearer, states a report the New Zealand Meat Producers’ Board has received from its London office. The ewe mutton market i s quiet, and unchanged. New season’s Dawn lamb is selling at for 2’s and 7-Id for S’s, delivered at Smithfield on Friday. The demand on the whole has been fair but it has been affected by Australian. new season’s lamb gelling at Cd for 2’s and 5d for B’s delivered. The beef market remains quiet with prices unchanged. New Zealand porker pigs are meeting with a good trade, and for baconers prices are nominal.

STOCK AND SHARE MARKET (U.P.A. by Elee. Te». Copyright) LONDON, Jan. 9. p. and 0., shares are quoted at 16s 34, and -Mount Lyell at 16s 4-id. < Uresis- A.-sc< iaiioc - CHRISTCHURCH, Jan. 10. gales on Change: Goldsbrough, Mori, 223 (3); Mount Lyell, 19s; Golden Point, 41d (2); Nokomai, 5s 9d. Sales reported: Commercial Bank of Australia, cum. div., 14s Id. WELLINGTON, Jan. 10. Sales on Change; 4£ per cent. Stock (1939) £93 10s, DUNEDIN, Jan. 10. Sales on Change: Golden Point, 34d. Sales reported; Waitaliu, 3 S 10d; Commercial Bank, 14s Id. AUCKLAND, Jan. 10. gales on Change: Devonport Ferry Company, 18s; New Zealand Insuiance Company, 41s; Government- Stock Ci per cent., 1937, September, £99; Challenge Phosphate Co,, 71 per cent 1942, £99. BRADFORD' TOPS MARKET (U.P.A. by Elec. Tel. Copyright.) LONDON, Jan, 9 The Bradford top 3 market is very firm,- (only (moderate business being done. Users are reluctant to pay the prices asked.