COMMERCIAL

Gisborne Times, Volume LXXIII, Issue 11837, 19 January 1933, Page 2

COMMERCIAL

• AUSTRALIAN FRUIT. NE,W ZEALAN D EMBARG 0. x (U.P.A. by Elec. TbL Copyright) SYDNEY,' Jan. 18. The Inter-State Citrus Growers Convention 'at Gosford discussed tbe New Zealand embargo on Australian fruit.

Mr. F. Metiers, chairman of tlic Citrus Council of Australia, declared that the Now Zealand embargo constituted the most serious setback tbe citrus growers had suffered in ,recent years. It would mean that 300,000 .bushels of citrus'fruits would have to bo diverted to ‘the local markets, which were usually- glutted. ■V. \. The convention passed a motion directing the Prime Minister’s attention to the seriousness of the position, and' urging immediate action with a vie to lifting the embargo, STOCK AND SHARE MARKETS. (U.P.A. bv Elec. Tel. Copyright) LONDON, Jan. 17. Shares Mt. Lyell, ,16s 4-jd; Peninsular and Oriental, 16s 10jd. Banks: Bank of Australiasia, £8 2s Gd; New South Wales, £22; Union Bank of Australia £6 7s 6cl, ex div. • National Bank of New Zealand, £3; Bank of New Zealand, 4 per cent., £IOO shares, £2 0s 6d. New Zealand Loan and Mercantile Agency Company, 4 pel' cent, debentures, £72 10s ; ordinary stock, £27 10s. (Press Association.l AUCKLAND, Jan. 18. Salos un ’Change: Guarantee Corporation, 4s 6d; Grand Junction, 3s 2d, 3s 3d; National Insurance, 14s; Waihi, 19s ; Commercial Bank, 1-ls sd; .New Zealand Insurance-, 435; Bank of New Zealand, 42s 3d. 425. CHRISTCHURCH, Jan. 18

Sales on’ Change: Commercial Bank of Australia (cum. div.), 14s sd; Waihi Mining, 19s. Sales reported: Bank of New South AVales, £2O 15s.

ADDINGTON YARDS LITTLE CHANGE IN PRICES SLIGHT RISE IN FAT LAMBS AND EWES 'Press Association.) CHRISTCHURCH, Jau. 18. Values at Addington market showed little change. The fat lamb and ewe .schedule for export improved during tho week, and this was reflected in slightly better prices in those sections. Store sheep.—Stores for the most part comprised lambs. Forward sorts sold better. Forward m.s. made 9s to 10s G/d ; medium m.s. 7 S 3d to 8s 9d ; ordinary 6s to 7s; cull 4s 6d to 5s S'd; wether lambs 5s 9d to 6s. Fat lambs.—43oo were penned. The host brought d, with 1 37-412hs. and seconds to id. The best made to 16s, prime 13s dd to 1-ls dd ; others th; Gd to 12s 6d. Fat sheep.—There was a. smaller entry, and better prices for ewes, with wethers firm at last week’s rates Best wethers sold at 3Jd, and ewes l£-d per lb. Extra prime heavy wethers made to Ids 7d, prime heavy 14s to 15s; medium weight 12s to 13s dd: ordinary 10s Gd to Us 6d ; light <Bs dd to- ].os; show ewes to 15s Id : extra prime heavy to 13* dd ; prime heavy 10s to 11s dd; medium weight? prime 8s to 9s Gd :. ordinary 7s to 8s ; light ewes os to G s 9d. Fat cattle.— Another heavj’ entry of 375 head came forward, the quality being mixed. The solo was a hard oiie, with a further weakening in values for plain steers and inferior cow’s. Prime beef made 17s 6d to 19s per 1001 b. Heavyweight and medium steer, 14s dd to 17s; medium cow Us to 13s; and inferior down to Ss. Extfra prime heavy steel's sold, to £9 12s dd; prime heavy £6 to £8 15s; prime medium weight £4 15s to. £6 ss; ordinary quality £3 5s to £4 10s; light to £3; extra prime heifers to £7 7s Gd; prime £4 to £5 1.35; ordinary £2 . 10s to £3 15s; light £2; extra prime cows to £7 2s Gd; prime £3 10s to £5; ordinary £2 5s to £3 ss; light' £1 10s to £2. ‘ ;

Fat pigs.—There was'a medium entry, and ! an improved sale , for good haconers. Porkers were unchanged. Choppers made 22s dd to 48s 6d; haconers 32 s dd to £2 9s 6d—average •price per lb., 31 dto 3fd; porkers 19s dd tb 27s dd—overage price per lb 3-3 d to 4d.