COMMERCIAL

Gisborne Times, Volume LXXXII, Issue 12527, 12 April 1935, Page 2

COMMERCIAL

SYDNEY WOOL SALES.

(U.P.A. by Elec. Tel. Copyright.; | ORec. April 11, 3.0.15 p.m.) f SYDNEY, April. 11. “ At the wool kales 12,625 bales'were) offered of which • 1T,546 were sold, and 1684 bales were disposed of privately. There was keen general competition with increased German support. The market closed very, firm, equal to the best rates of the week. Greasy merino sold to 17id. STOCK AND' SHARE MARKET (Press Association). AUCKLAND, April 11. Sales on Change: Farmers’ Trading 7s sd; Dunlop, 17s 7d • Kauri Timber 18s sdq Mt. Lyell, 10’s sd; Wilson’s Cement, 345; Waihi 42ft 9d; Bank of New Zealand; 49s 9d; do. D mortgage, 33s 9d; New Zealand Insurance, 70s 6d; New Zealand Drug, 7Dls 6d; South British, 98s; Bank of New South Wales, £3O; Amalgamated Brick, 7} per cent., £100; Mt. Eden, 44 per cent., £lO6 10s. WELLINGTON, April 11. Salcvv on Change; Onion Steam, 27s 8H; Kauri Timber, 18s 7d; Broken Hill £2 12s 4d; Dunlop Rubber, 17s 6d; N.Z. Woolpaoks, 12s. CHRISTCHURCH, April 11. Sales on Change: Commercial Bank Of Australia, 15s 6d; Colonial Sugar, £42 10s,; Electrolytic Zinc, ord., 23s 4d; General Motors Holdens prof., 22sj 6d; Big River, 2s Gd (3). Reported sales: Mossy Creek, 2s 10}d,; Australian Glass, 58s; Welling ton Gas, 45s 9d. DUNEDIN, April 11. Sales reported: Electrolytic Zinc, ord., £1 3s 4d; Mt. Lyell 19s 4d; Big River, 2s 5.)d, 2s Go.

DOMINION WOOL CLIP. REDUCED SALES AND IMPORTS. Tho lower level of wool prices this season is reflected' in the returns of sales and exports compiled by Dalgety and Co.. Ltd 1 . During the nine months of tho 1934-35 season ondeu March 31, 477,428 hales of wool were offered, of which 423,077 bales, or 88.61 per cent were sok\ compared witfi 62fy294 bales offered, and 589785 bales, or 94.62 per cent., sold during the corresponding period of last season. The total quantity offered during the nine months of this season was 166,708 hales less than for the corresponding period of 193334. BUTTER MARKET MUCH REDUCED STOCKS AT HOME. The butter market during March was somewhat- disappointing, and in the middle of the month prices were brought to the low level of 73s ex store, London, report A. IT. Turnbull and Co. Ltd. In a cable message. W. Weddel and co., Ltd., London, stated that in spite of the fact that- the stocks in the United Kingdom were approximately half the quantity that was in store last year, and also that important shipments of New Zealand Dutch and -other Contf’nen 3pl. butters have been made to America dur ing tho past two men tin, the market in the United Kingdom has not shown the strength that might have been expected. They are of tho opinion that the future depends very largely on the quantities of Continental butters made available for the United Kingdom market during the next few months, and 1 at the presenttime the indications are that the quantity of these butters available will, be below last year. Forward buyers of . butter have shown considerable r nternsfc during March. At no time have large buying orders been available, but London buyers have kept steadily in the market for limited quantities. Business is still possible at 9 3-Bd. for April and May shipment and although factories are inclined to ask 9id. so far buyers have not boon inclined to pay this figure.

LONDON DAIRY PRODUCE MARKETS The New Zealand Loan and Mercantile Agency Co., ’Ltd., have received the following cable from their London office under date April 11: “Rutter, NiZ. choicest, salted, 77s to 78s per cwt.; cheese, white, 44s 64 to 455; colored, 46s to 46s 6d. Market quiet.” STORTFOKD' LODGE: SALE HASTINGS, April 10. Values for quality entries generally were well maintained, in the fat cattle •section at o-day’s .sale at Stortford Lodge, when 340 head came forwards There was again a large number of lightly Unbilled cows on offer, which met only moderate inquiry, and in consequence there were numerous passings in this class of stock. An entry of 14.00 store cattle me.t a very depressing market, when with values well below vendors’ reserves, only 7f)> head were sold, the remainder being passed .in. A moderate entry d'f store sheep made late rates' 1 on.forward wetheto and goo'd breeding ewes, but poorer sorts of sheep and store lambs were sticky a.t easier rates. Fat sheep were in over .supplY; and with export schedule rates, still further reduced, prices came back and passings were frequent. Fat cattle : Bullocks, medium to prime, ma,de £8 12s 6d, others from £6; ooWs, hiedium prime to prime, £4 12 s <3d to £5 10s; others .from £2 15s; heifers, medium to priine,< to £5 18s; others from £2 10s. •Store cattle: Cows to £2 10s. Fat sheep : Ewes, medium to prime 13s 6d to 16s 9d ; others from 9s; 2th. to 21s 9d; wethers, medium to prime, 19s to 22s 6d; others, from 17s; laihbs, 15s to' 22s 7,d. ~ , , Store sheep: .'Wethers, to £os 6{b; ewes, 2-th, to B2s; ■ five, and fiix-year, to 17s 2d; store to lie; lambs, fv 14s 9d; . ■ L , j