COMMERCIAL

Gisborne Times, Volume LXXIII, Issue 11948, 19 May 1933, Page 2

COMMERCIAL

. GRAIN .IN BULK. NEW SYSTEM FOR NZ, / . Pr««.» .A WELLINGTON, May 18. The carriage .in hulk from; ; :: New : Ze'al'aud; of grain cargoes has been do-, cidod Upon) ‘ and . regulations governing grain ' shipped in bulk, similar , to those operating at iCana'dlkn and Australian ports, have been issued by the Governnient. It-, is explained by the Minister of Marine thati the object: of the re-. gulatidhs is primarily 'to provide for ,tho safety of ships, and to prevent cargo shifting Cases were on record of ships with a cargo of bulk grain capsizing through the cargo shifting. . ' ' . .... Two vessels chartered for the shipment of wheat in bulk are, to load at Lyttelton and Timaru. The regulations. aro issued in view of tho sale recently .’of quantities of, wheat for shipment overseas. Jhc regulations provide for the longitudinal division of holds into, grain-tight compartments to be fdled to tlio deck. Feeders arc to be built in the ■’tvveou decks, so that as the cargo in fhc lower hold settles the compartments arc kept full. Those feeders arc to contain at least 2 per, cent, of the quantity of grain carried in the compartments they feed. Thero arc no facilities in New Zealand for loading direct n hulk, but if i 3 proposed to carry grain to the hatches in bags, whence it would ho emptied, thus saving the shippers a considerable, amount in .the cost: ,° r hags, and making it possible for the ship to carry more.

N.Z APPLES IN LONDON. r i> a bv El tv* T«i. Copy r’-glit v. LONDON, May 17. The Cambridge’s New Zealand apples sold us follows: Jonathans, 9s Id to 11s Cd; Delicious. 9s Gd to 11s ; Londons, 9 S to 10s 6d Stunners 9s 9d to 10s. LONDON TALLOW SALES. f U P.A. by Elec Tel. Copvrijiht t LONDON, 51 ay 17. At tho tallow sales, 1039 casks wwo offered 1 and 512 sold. Alutton was neglected, but other sorts sold at late rates to Gd advance. Quotations: Aluttou, fine, 2-ls 3d; medium 18s Gd; beef, lino, 20s 9d: medium, 18s Gd: QUOTAS CONDEMNED. -DISASTER TO DOMINION-” .MASTJiR,TON. Alay IG. The prediction that the, quota system would mean disaster to New Zealand if it were adopted "as made at a, meeting of the Wairarapa PlQvinciul Executive ot the banners Union yesterday afternoon, by .the president, Mr. Hugh Morrison. The meeting unanimously passed a motion congratulating the Dominion Executive of the Farmers’ Union and the Dairy Board on the stand they had taken in respect to tho quota system, and also endorsing their action.

.Referring io -the position with which the Dominion was faced, Air. Alorrison said they were waiting' on the results of the international Conference to he held, in London. He had great hopes that the conference would he a success, although, he said, it would be too much to. expect it to be a complete success. New Zealand, per capita, was the biggest exporter in the world, and wc might think wo could do tin’s or that into:nally, but wc depended on international trade. The results of tho conference meant more to every farmer, businsss man, and working man in tb 0 Dominion than most recalled/ On the results partly depended the country’s fate, as to which road to take. Mr. Morrison personally favoured intefnational inflation, but not national inflation. If bimetallism wcie adopted, it would give New Zealand a chance of getting new markets in the . East. ’ Efforts were also being made to got a tariff truce, as the tariff walls were holding up tlio trade of the world. Already there had been a small rise* in the price of butter and wool, and it was possible that next year there might be some rise in prices if the. present riyevrturos wero successful. ,

Tho “dire effects” of the quota system, if It were instituted in New Zealand, were strongly condemned by ii.i- Morrison. Ho believed that as far" as this country was concerned the adoption of the quota .system would mean nothing but disastei Orvce the quota was reached it would stop all progress, , They were facing the most serious problem that had tvcF been ’facet? by tlio New Zealand farmer, and ho considered it was up to the Farmers’ Union to back up the attitudo of the Dairy Board regarding the' quota. It wa s 'far bettor. he said, to produce more and take less than to have one section of tlib community employed and the other taxed* for their relief.. LOW-GRADE .LAMB. PROTEST AGAINST EXT’OKTV- . MaSTERTON, May 10The. ultimate destination of thirdgrade, lamb killed at the freezing 'Works' was briefly, discussed ata meeting of the \Yairarapa_ Provincial ■Executive of the Farmers’ Union. Mr. R- Falwow said the export of third-grade jamb was going oil behind the Government's back. It. "'as bought, as light second-grade, at ? t d per lb less than second-grade lamb. -He moved tliat a protest be made against it's export. Mr. Alex. Ross said that cycryono was satisfied that tho freezing Works were buying thirdgrado lamb. lie moved an amendment that the Meat P.rodiiers’ Board be asked to advise the executive as to tho 'destination of, tlie lower-priced grade of ■ second-grade- lamb. This

was carried and a motion protesting against tho export of light secondgrado lamb wa s 1 adopted, sib va' Tcmit) to go Wforo the interprovincial, con-; ferenco.' A\i Q ; ' ; AIAIZE MARKET. Holders of maize -hayo'- weakened during the past few: weeks,' and mer-.i chants have been abio.to make a fur-, ther sliglit 'reduction in their selling pric'b, which how stands at 4s lid. The lower -price andVcooler weather have assisted consumption. Stocks of crushed maize are now rutlio* scarce.—Auckland STOCK AND SHARED MARKET •Pl-pco ‘-V'sdopihrtOti - AUCKLAND, May 18. - Sales on Change : .Dominion Breweries, 5s 6d; New Zealand Breweries, 295; AVailii, 22s ; Bank of New Zealand 45s 6d ; Colonial Sugar,.£s6 ss. WELLINGTON, Alay 18. Sales on Change: Gear .Moat,/ .28s Gd; Grand Junction, 4s 2d. .1 CHRISTCHURCH, May IS. Sales on Change :: N.Z..' Refy'igcrating, 10s paid," 3s lOd; Alt. Lyoll, 2ls .’ 7d (2);. Freshford, Is 31 d (3) : Goldj eh Point, l$dl; Golden Sands, 3s Old; I 3s Id (2) ; King Solomon, Is 7d; Lawj son’s Flat, Is paid, Is Gd.; Nokomai, 4s 9d; Okarito ‘ 10s Bd. •DUNEDIN, Alay IS. Sales reported!; Gillespie’s Beach, Is Gd ; Waitahu, ■6s ,6|d1... •11. P A bv F> Tol Wor-viorbl" ■ SYDNEY, Alay 18. Stock Exchange sales this morning wore: ißohds, 4 per cent. 1935, £lO3 15s 4 per cent. .1941, £lO2 10s; 4 per cent., 1950, £lO5 lSs 9d; 4 per cent., 1953,. £lO3 17s Gd;. Bank of New South Whies £3O 2s’Gd; Colonial Sugar, £57 2s Gd; British Tobacco, 34s 9d; Wilcox Alofflin, Gs Gd.

LONDON WOOL SALES. ' READY CLEARANCES AT FULL SALE RATES. (U.P.A. bv Elec. Tel CejiQigljV. LONDON, May 17.‘ At tho wool sales, 9143 hales were offered, including 6370 froiii New. Zealand, and about 7209 bales were sold. There was a firm tone, and offerings; were readily cleared- at full rates uu-i der brisk Home and Continental competition. " New Zealand .sales: Greasy crossbred AHW, top l(Rd. average 8d; scoured halfhrod, Alt John, I7id and 17d.