COMMERCIAL

Gisborne Times, Volume LXXXII, Issue 12253, 8 April 1935, Page 2

COMMERCIAL

STOCK AND SHARE MARKETS. ', . v».-' ( (Press Association.'; AUCKLAND, April 6. Sales on ’Change:. Farmers’ Trading, 7s 4d; National; Timber, 13s; Goldsborough Mort, 28s 3d; Wilson’s Cement, 345. .. . . WELLINGTON, April 0. Sales on ’Change: . AVoolw-orths Ltd, 88s 9d; AVoohvorth (N.Z.), £9 ,10s; Broken Hill Proprietary, 50s; Tvaiapoi Wool,. 15s 4d. . CHRISTCHURCH, April 6. Sales on ’Change: Bank of New Zealand 495; Reserve Bank, £6 11s (3d; New Zealand Breweries, 52s 6d, 52s lOd; Dominion Fertiliser, 21s 9d (2); Sun Newspapers, 4s Id; Bell Hooper, Id (2); Bendigo Goldliglits, lid; Mahakipawa, B£d; Mount Lyell, 19s 2d; Skippers, 3d. Reported sales : Bendigo Goldliglits, lid; Mahakipawa, SJd; Electrolytic Zinc, pref., 33s 6d; Westport Coal, 20s 3d; Dalgety and Coy. £8 9s. DUNEDIN, April 6. Sales reported: New Zealand Refrigerating, paid, 19s 6d; New Zealand Refrigerating, cont.,, 8s lOd; Bruce Woollen, ord., 13s 6d; Farmers’ Fertilisers, 18s 6d; New Zealand Breweries, £2 12s fid, £2 12s 3d. HOME MEAT MARKET.

(U.P.A. by Elec. Tel. Copyright) (Roc. April 7, 6.30 p.m.) LONDON, April 6. Now Zealand sheep, Canterbury and North Island selected crossbred wethers and maiden ewes 48 to 561 b, 57 to 341 b, 3rd ; 65 to 7211> North Island ditto, 48 to 561 b 4|d: 57 to 64 lb 3|d; 65 to 721 b 3 id. Ewes under 481 b 3 3-5; 48 to Glib 3d: 65 to 721 b 2*d. Australian sheep. first quality, crossbred l and/or merino wethers, 40 to 651 b 31d; second quality 30 to 551 b 31 d; ewes 30 to 551 b 3jjd. Argentine sheep, first quality crossbred wethers 4-S to 6-ilb 3^d; 85 to 72 lb 31cl. Patagonian sheep, none offering. New Zcalanj lambs, Canterbury, 36 lb and under, 64c1; 37 to 421 b 61d; 43 to 501 b 62c1; second quality, average- about 321 b 6jd: other South Is land 361 b and under Old ; 37 to 4'2lb 61(1; 4,°> to 501 b 52d; second! quality average about 221 b 6sd ; other North Island first quality 261 b and under, fijfd; second quality average about 321 b, Old, Australian lambs, Victorian, first quality 361 b and under sjd; 37 to- 42 lb 6gd ; second quality average about 321 b Bid. Australian lambs, Victorian, first quality, 3811 b and under sld; 37 to to 421 b 53d; other States, first quality, 361 b and under old; 37 to 421 b s£d; Victorian., second quality, 3"*' and under ogd; second quality, average about 281 b 5-yl. Patagonian, lambs, none offering. New Zealand' frozen beef, °x fores, 160 to 2201 b, 23d; ox binds 160' to 220 lb 33d. Australian frozen beef, ox crops, 1001 b and under, 3.1 d; ox crops oyer 1001 b 3!d; ox binds 1601 b and under 3jid; ox binds over 16f/lb 3gd. Argentine chilled beef, ox foi-es, ]6() to 2201 b, 3.]d ox binds 160 to 2201 b, old. New Zealand pigs, first quality, 60 to 801 bs, Sjfd ; 81 to 1001 b sfd ; 101 to 1201 b 54c1. Australian pigs, first quality, 60 to 801 b 33d; 81 to 1091 b s|d : 101 t 0 120 lb, s’i’d.

LIVE STOCK MARKETS. CONDITIONS IN THE AVAIKATO. HAMILTON, April 3. Beef.—Again at Frank ton sale this week only a medium yarding of ox beef was penned but despite this fact values -showed no alteration. A very heavy yarding of cow arid heifer beef was penned, but tbo demand hei'o also was only fair and the only classes to hold their own were those showing quality. Prime fat bullocks have been selling at equal to 21s to 22s per 1001 b medium quality and heavyweight cattle 18s to 20s; prime young cow and heifer 18s 6d to IDs. 6d; medium cow beef 12s to 13s ;• plain 7s 6d to 10s ; boners 5s 6d to 7s. ~ I'at Sheep: Ther 0 was again a heavy entry of all'classes of sheep, particularly fat wethers. The ewe yaa-rding included a number of pens of unfinished sheep. Prices for prime wethers remained quite steady, with both unfinished owes and wethers harder to quit. A small, entry of fat lambs sold at values perhaps a little less than schedule rates. Prime heavy wethers made from 26s to 28s; medium fat wethers, 24s to 25s fid; heavy fat Owes 17s to 19s; medium fat ewes, 13s to 14s; heavy fat lambs to 21s 6d; medium fat lambs 15s 6d to 17s; light fat lambs 13s to 14,5. Store Cattle.— Although, there Mill remains quite -an abundance of feed, the store cattle section has been inclined to show a little uneasiness 1 . Regular shipments of chilling cattle, continue to create quits a fair demandbut probably not as keen as anticipated The trouble, appears that a number of cattle being offered at the moment are lacking in condition ancf ( these aro not keenly sought after. Grown bullocks in forward condition arc still being' fairly keenly sought, and .satisfactory prices realised!. The failure of the turnip) crops is probably reflecting a little in this section of the business, and buyers are perhaps deferring their purchases until a near approach of -spring. • T 'osnitc the fact that t-ho season is getting on, the- do-, maud for dairy cattle is particularly weak, business at the moment being more or less at a standstill. Inquiries' are being made but there is a vast' di parity in the idea of values between vendor, and purchaser. Grown steers in forward condition have been mn,k- r ing from £5 5s ■to £6’ os;' 34-year steers' £4 I’2s 6d to £5 7s fid':' 2-i-year steers !£3 15s to £4 ss; 18 month* steers.. £3 to £3 15s; wcancr steers 25s to £2; fresh conditioned cows, £2f 10s to £3; store cows, 20s to 30s; in calf Jersey .heifers, £2 10s'to £3; wcancr lieifcr calves, 15s to 255.

Store sbeqp: Business in this section is inclined to case, although, there are still,a few buyers in Sjegfcli of good, young owes, particularly coast, sheep andl a yarding of this class would meet a steady demand., Store wethers are also k'cenly sought. Store lambs in sympathy with the fat schedule show an. easing' in values,. Best, tjvortobth. owes made up to 265; good quality 23s to 2os ;. smaller 20s to 225: four year owes 19s to 21s: five-year 17s to 18s 6d; six-year 13s 6d to 15s: forward conditioned wethers 2ls, to 23s 3d; two-tooth wethers 18s 6d to 20s 6d: best woolly lambs. 13,s to 14s: medium 10s to ills ; be«t shorn lambs 12s to 13s: smaller 9s to 10s: cull lambs 7s to Bs. LAMB MARKET. IMPROVEMENT IN DEMAND. PALMERSTON N„ April 4. The New Zealand Farmers’ C’o-op-erativo Distributing Co., Ltd., Feilding, has received the following cable .advice from its London office:—. “Lamb: Decided improvement in the demand, but values remain unaltered.” OPOTIKi STOCK SALE. (Special to the Times.) The New Zealand Loan and Mercantile C'o., Ltd., report as follows; "aVo bad a good yarding of sheep, and cattle. Tile pons could not accommodate tho entry received. Sheep were mostly inferior quality and did not meet with very spirited competition, but cattle sold' well. We bad several good linos of 18-months" steers and heifers, which met with extra good competition. AVe report a. total clearance' under the hammer. Young pigs with wcancr pigs to 7s 9d slips to 9s fid'; stores to 19s. Sheep, small, 2, 4 and 6-th iwolhers to 14s; small 2 4 and 6-th owes to 16s 9d : 6-yr ewes' to 14s; cull ewes 8s to 10s fid 1 lambs woolly 10s 2d to 11s 7d (poor quality). Small shoiu lambs, 7s 4d to 7s 9d; better quality to 10s 7d. Cattle fat cows £2 10s to £3 LBs, forward cows £2 to £2 Bs, boners 15s to 13s, IS-mt-h steers, Herefords, ordinary condition to £2 16s; same quality and age, heifers to 375; 21-yr. steers, .Hereford, £2 11s to £2 19s; 31-yr Hereford steers, £3 12s, £4 12s £5 16s ; shorthorn steer claves to 2 Is; cows with calves to 255: hulls good demand, heavy sorts £2 15s to £3 10s jerseys 35s to £2; hack, yearling filly £6 ss.

Messrs Dalgety and Co., Ltd., report) a heavy yarding, of both sheep and cattle. Tn the sheep section the* offering included a number of lines of good! two and. four-tooth, wethers which attracted competition, from a good attendea-nee of local buyers, a total clearance with the exception of one line, be inn- effected at satisfactory figures. They quote: Fat 2-yr wethers 22s 6(1; heavy fat owes 17s tat and forward ewes 12s 2d; fat lambs 15s to 16s, 4-th wethers best to 20s fid'; others 17s to 18s 2d; host 2 4-th withers 17s 9<i to 19s 3d; 2-th wethers 16s 6d to 17s; smaller lls Gd to 15s 9d; nil mouthed and aged' ewes 9s Id to 10s 3d; broken mouthed ewes 7s; m.s store woolly lambs 12s fid: small (lambs 7s 6d to 8s 3d. A full yarding of all classes of cattle sold at improved rates, a total clearance being made Quotations were: Heavy fa{, shorthorn and Holstein bullocks sold to £7 5s for a good line from Mr AA r . G. Butler, good fat bullocks £6 Is to £6 10s; fat P.A. cows £4 5s to £4 6s; heavy fat cows medium quality, £3 ss; at Jersey cows best £2 9s to £2 11s; others 30s to £2; 31-yr P.A. and Hereford bullocks £4 16s: 21-yr P.A steers £4 9s; 18-months P.A and Hereford steers £3 16s :18-months P.A and Hereford 395; mixed colored cows and calves 31s to £1 11 R ; boner cows 29s to 32s 6d; low conditioned 10s to 15s; potter bulls heavy £3 to £3 2s; medium 40s to 52s 6d ; light 20s ±o 30s.

SORTFORD LODGE MARKET A\*ith >a bigger proportion of quality cattle entered, prices were firm at late rates in the fat cattle section at AArndnasday’s sale at Stort.tord Lodge. Demand was good throughout the sale, with all except the poorest quality offerings securing a ready sale- Top price was £9 9s for bullocks, with, a- number of pons of cows and heifer,s making up to £6 and over. Bullocks were more strongly represented than has been the case for a number of sales, and with the average quality of the female beef offering .showing an improvement, the maret was steadier than before. Improved feed conditions were directly reflected in the finish of the entries, -und butchers commented favourably on the entries generally. AVith export schedules back, competition was practically confined to local butcliern in the fat sheep section at Wednesday’s sale at Stortford Lodge. Lambs were practically steady, with export buyers securing a number of the entries, but wethers were difficult of sale, and all but the best of the ewes entered showed a decline in’values. Passings were the order of the day on most of the wethers offered, butchers as well as export operators not being prepared to pay much over 21/- except on single entries. Lighter ewes were also passed in in several instances, as were a few pens of lambs.

LONDON MARKET REPORT. The Bank of Now Zealand advise receipt of the following cabled advice from its London office as at close of business last week:“.Wethers. Trade is. slow. There .is a- better, demand. Lambs. The market i R steady, although, well supplied, and there is a little better demand. Trade, generally is brighter with a better..cilemand'. “Current Quotations: Wethers, tight Sfd to 5d : heavy 3£d ; t>o 31(1. Fiwes 2sd. to 3-Jd. Lambs twos 6i}.d to 6*jci; eights Girl To- Gfd: fours G-jjd to BJd seconds fid ( to;,BJ-.d. ’’ > ......