COMMERCIAL

Gisborne Times, Volume LXXIII, Issue 12076, 16 October 1933, Page 2

COMMERCIAL

WOOL ODDMENTS, CRUTCH INGS, SKINS, HIDES', ETC. OFFICIAL REPORT ON LOCAL SALE. The Gisborne Woolbrokers Assnheld one of their regular sales on the iltii inst. when a total offering was submitted 0f'528 bales wool, 116 sacks wool, 9974 sheepskins, and 584 hides. There was a good bench of buyers,' including representatives of Auckland, Wellington and Hatvkes lVav firms and competition was keen -throughout. Practically everything was sold under t'he hammer. Only » few lots of fleece wool were catalogued and these sold at better than London parity. Scouring wools were :keenly sought after there being special inquiry or locks which sold, at up to did. Crutchings made a sha«e more fit-han at the last local sale in July. An attractive lot 0 f skins were offered and, although prices have eased lately, this was evidenced mainly for short, woolcd and damaged and inferior lots.- Sound pelted well woolcd skins sold well under Hie keenest competition. Some fair lines of country hides were in the sale. More care hi the taking off and conditioning would be well repaid. Consignments are now being received tor next sale, scheduled for 6 December, 1933. Following was the range of prices realised-• Wool Crossbred (aver.) medium, yd t 0 bad; inferior and seedy, 2id'' to 4kl; crutchings, good t 0 super, 4ld to sd; average 3*Jd to 4-Id.; seconds and inferior, 2d to 3Ad. Dead, lirst, 4|d to 51 d ; seconds, 3ffd to 4-rd. Pieces and bellies, good, 4d to 4^d; seconds and inferior, 2ld to 4jd. Locks l£d to 83d. Sheepskins — Fine xbd fto full wool sound pelts, old to 7ld ; medium do 51 c l to 6ld ; coarse do 4d to SRI; quarter to half wools sound Pelts, 2d to 3Jd; pelts and clothing, lid to 3d: lambs, 4d to 6d; inferior, damaged and seedy, Id to 4d. Hides—Country ox and cow (average), 03d to 4-}d; do bull, 2gd to 2gd; do yearlings, 44cl to od; calfskins, ojd to 7ld ; inferior and damaged, 2d to 3d.

STOCK AND SHARE MARKETS “. (U.P.A. bv Elec. Tel. Copyright) SYDNEY, Oct. 14. Stock Exchange sales: Ronds, 4 per cent. 1955, £lO5 10s; Bank of New South Wales, £34 7s Gel; Australian Gas. A, £7 6s; Tooth’s, 42s 9d; Associated 'News, 20s 9d ; pre.L, 20s 10|d ; Australian Glass, 52s 9d; Broken Hill Proprietary, 41s; Colonial Sugar £6O ; Dunlop Pordriau, pref-, 34s 6d ; Lustre Hosiery, 17s lid; Meggitts, 225; Winclicombe, Carson, 28s 3d. (Press Association) AUCKLAND, Oct, 14. Sales on ’Change: Commercial Bank His lid; Tooliey's, 255; Wailii, 26s 4d ; Bank of New Zealand, 47s 9d, 47s 7d; National Bank of Australasia (eon.), £6 12s Od ; Government Stock 4 per cent, £lOl 15s. WELLINGTON, Oct. 11. Sales reported: New Zealand Guarantee Corporation, 8s 3d; Truth and Sportsman, pref., 2ls 3d. CHRISTCHURCH, Oct. 14. Sales oil ’Change: National Bank of Australasia (£lO pd,), £l3 10s; New Zealand Refrigerating Company (10s pd.), 9.s 3d (3); New Zealand Breweries, 37s 8d; Howard, Smith, 11s 3d; New. Zealand Farmers’ Cooperative (41 pei - cent stocky 1940), £6-3; 8011-Hooper (9d pd->, Is Id (4); New Cornish Point (Gd pd), 6d. DUNEDIN, Oct. 14. Sales on ’Change: Centra] Shot over Is 2d (2). Sales reported: Otago Times, 45s 6d (late yesterday).

WAIKATO MARKETS HAMILTON, Oct. 14 A further decline in hcef has been registered during the week, and this class of cattle is now selling at a lower figure than is usual at this time of the year. There does not appear to be much prospect of an improvement in, the price l until the exporters start operations, and with the low prices ruling on the Home market it is questionable whether very much beef will he exported at all this year.

Naturally the decline in beef will have an effect on the store . cattle section, hut to what extent it is difficult to say, as at this period of the year there is usually an abundance of feed', and farmers will pay almost as much for store* cattle to keep the growth of grass in check as what they are. getting for their beef. Large yardings of store cattle have been listed for the . coining week, and it will he interesting to see what the public valuation will be In the dairy .section, a fair amount of business is being doiie, but pricey., are. .everywhere showing an easing tendency. The usual spring advance has this year been very subdued. This, no doubt, can he accounted! for by the . dry weather which has been experienced. , Fat sheep are keeping up remarkably well and there is still a strong inquiry for all classes of store sheep with practically hone offering- Large number's of pigs are everywhere being dealt with'*’, and the market gen orally firm: '•

LIVE STOCK MARKET STORTEORI) LODGE • HASTINGS, Oct. 11. A yarding of 250 head of fat cattle met an even demand at Stortfor.d Lodge to-day, .when local buyers u.a the bulk of. the purchasing - • Bullocks were .in greater numbers. ; j' Bullocks, medium to i prime’. £6 5s to £9; others, from £5 12s 6d; cows, medium to prim?, £4 7 S 6d to .£5 2s j others, from £2 17s fid; heifers, medium to prime, £4 10s to £5 ss; Others from £3. Five, hundred .store cattle were yarded 1 , the market being on. t a. par .with last week’s rates'. Steer's £T 15s to £4; bullocks, £3 2s fid to £5 4s; cows, to £2.

( Somo 600 fat sheep, were yarded, rates heiiigr up 011' last' [wcsdL: ewes ■and wethers improving slightly in values. Ewes, medium to. prime, 18s to> 225; shorn, 14s to IBs 6d; others; from llis; wetners, medium to prime 20s to 25s • shorn, 15s to 18s; others’- from iSs; lidgget's, to 19s 6d; : spring lambs, to £l* > There were 3500 ' store sheep yarded, and hoggets were sHgJhtly easier in some cases. Wethers and owes with' lambs, made prices 01.1 a par with last week’s , rates. Ewes, • .empty, to 10s; ewes and lambs, all counted, to 15s 2d; withers ,rione entered; hoggets, to 21s 2d. \ FROZEN MEAT MARKETS. (U.P.A. by Elec. TuL Copyright) (Roc. Oct. 15, 6.30 P.m.) LONDON, Oct. 14. Following arc Hie latest frozen me a t quotations. New Zealand lambs. —Canterbury 43 to 50lbs, 6gd. sebond qualify average about 321 b, Gild. Other South Island, 361bs and under, 7j-d; selected North Island, including Do "’ns, 43 *o 50lh, 6’id- Second quality, average about 321 b, Gsil. Other North Island, second quality average about 32lby 6|d.

Australian lambs. —Other States, second quality 361 b and Under, none .offering, al[ States third quality, average about 261 b, Gd. New Zealand Frozen Beef.—Ox fores. 160 t 0 2201b5, 2RI. •Argentine chilled beef, ox .fores, 160 to 2201b5, 31 d. New Zealand Pigs. First quality, 60 t 0 80lbs, 6gd ; 101 to 1201 bs old. Australian pigs. First quality, 60 to lOOlbs, average about 80lbs, GJ cl; 101 to 1201 bs, s .)d'. Otliers unchanged. LONDON MARKET REPORT The Bank of New Zealand is in receipt of the following cable advice from its London office as at close of business last week : ‘•Wethers: Weaker values are ruling owing to lack of demand. EwesF The market is quiet and unchanged. Lambs: The market is firm. .“Current quotations: Wethers, light, 3rd to od; heavy. 3-ki to 3r]d ; Ewes, 2jd to Sid- Lambs, twos, 7-J-d to 7 2d: eights. Gild to 7d ; fours, 63 to Grid, seconds, 68 cl to 7d.