COMMERCIAL

Gisborne Times, Volume LXXXII, Issue 12254, 9 April 1935, Page 2

COMMERCIAL

SYDNEY WOOD SALES. PRICES RAR TO 5 PER CENT. UP. U.P.A. by Elec. Tel. Copyright) (Received April 8, 8.15 p.m.) SYDNEY, April 8. At the wool sales 10,544 bales were offered, of which 10,016 were sold and 2784 bales were disposed of privately. There was a spirited demand for all descriptions, and prices, compared with last week, were from par to 5 per cent, higher. Greasy merino made 17d. The average price last week was £l3 6s a bale or 10.9 d per lb. STOCK AND SHARE MARKETS. CPresa Associai'an > AUCKLAND( April 8. Safes on Change: King Solomon 4s; Taupo Totara 16s paid, prof,, 17s; Electro Zinc 33s 6d; N.Z Paper Mills 345; Woolwortlis (N.Z) pref 41s; Waihi 42s 9d; Bank of N.Z 49s 3d; Broken Hill 51 s; South British 98s; Government Bonds and Stock 1940, £lO3 15s. ( WELLINGTON, April 8 Sales on Change; Broken Ilifl Proprietary .51s 3d . Carlton Brewery 53's; Wellington Gas, orcl 1 ., £2 3s 6d; Sonth British Insurance £4 17s; N.Z Breweries £2 13s; British Tobacco, £1 16s 6d; King Solomon 4s. CHRISTCHURCH, April 8. Sales on Change; Commercial Banic of Australia 15s 4d (3); Bank of N.S.W., £29 15s; Anthony Hordern 17s Id; British Tobacco 36s 9d; Broken Hill Proprietary 51s 6d; Dan lop R.ubber 17s 4d (3) ; Bendigo GoldlightfS', lid. DUNEDIN, April 8. Sales reported : Woof.worths (Sydney)', £4 8s 6d ; Big River 2s sd. MINING RETURNS. (Press Assoeninmr DUNEDIN, April 8 The following returns are announced: Okarito, 330 z. lodwts of golj lor 128 hours’ work; Gillespie’s Beach, s].oz for 130 hours’ work. FROZEN MEAT TRADE. LAMB CONSUMPTION INCREASING. PORKER PIGS ADVANCE. “Lamb market: Shade easier owing to heavy arrivals from all sources, but consumption is increasing. Mutton market: Wethers.—Prices again lower with trade slow. Ewes—Meeting with fair demand. Beef market: Quiet, hut unchanged. New Zealand porker pigs: Firm, with better prices. New Zealand baconer pigs: Market firm.” The above report was received on Saturday by the Meat- Board from its London office. DAIRY PRODUCE. BUTTER FIRM AT 77/78/-. Aftqr a quiet opening the London butter, market showed a further improvement last week, and New Zealand salted closed firm at 77/- to 78/-, an advance of 2/- on the week. The Dairy Board’s London office advises that small shipments of Australian, New Zealand and Danish butter are being made to New York this week, besides direct shipments from the Continent. Deliveries of New Zealand butter last week were 2090 tons, compared with 1701 .tons a year ago, while Australian deliveries totalled 3055 tons against 1762 tons a year ago. The Imperial Economic Committee’s estimated stocks of all butters in store is 45,691 boxes, compared with 1,009,216 boxes a. year ago. The quantity of New Zealand butter in store 5917 tons, compares very favourably with the 11.112 tons of a. year ago, while Australian stored "butter totals 5024 tons against 6900 tons a. year ago. hide AND SHEEPSKIN SALEH. Messrs Murray, Roberts and bo., Wellington, report as follows under date April 5: —“Wo offered a catalogue ot» both skins and hides at today’s sale t,o' a good l attendance of buyers, who hid very keenly for all tots. Sheepskins were in good demand and prices were very firm on last sale’s lovely with a tendency to harden in price. Hides wore, strongly hid for by both exporters and tanners at prices fully up to those of last safe with a slight advance in kip and yearling for best grades. Calfskins also wore a little firmer, and 1 met. with a good demand. Tallow sold at par with last sale’is values,”