COMMERCIAL

Gisborne Times, Volume LXXXII, Issue 12528, 13 April 1935, Page 2

COMMERCIAL

STOCK AND SHARE MARKET (Press Association). AUCKLAND,'(ApriI 12. Sales on Change: Golden Oown, lOd; Grand Junction, 4s sd; Northern Steam, 6s lOd; Australian Steel, pref., 22s 6d; Sharland and Co., pref., 255; Auckland Gas, 28s; Bank 'of New Zealand, D 1 mortgage, 33s 9U; Waihi,' 42s 9<k; Glass, 56s 9d; New Zealand Drug, 80s; Woohvorths (NvZ.) £10; Bank of New South Wales, £3O 2s 6,d, £3O 3s 9d. WELLINGTON, April 12. Sales on Change: Bank of New Zealand, cum. div., 50s. Reported sales: Waihi, 42b 9d,; Colonial Sugar, £42 10s. CHRISTCHURCH, April 12. Sales on Change : Bank of Ne\y Zealand, cum. div., 50s; G-olds-brough Mortj 28s 9,d; Sun News papers, 4s 4d; 4vs sd; Woohvorths (N.Z.) ord., £9 17s 6d; Goldfields Dredging 4vf (2), 4d,d (2); Kildare, 3s 2d; M!ahakipaAva, Bid (3). Reported sales: Broken Hill Proprietary, 52s 2d; Goldfields Dredging, 4 fd. DUNEDIN, April 12. Sales' reported: Mt. Lvoll, 19s sd. MATAWHERO YARDS LARGE ENTRY OF! STORE SHEEP PRICES GENERALLY' FIRM ON LAST WEEK At the Avcckly stock sale at the 5 fata where yards yesterday, there was a large entry of pigs, ivliile an improvement avus noticed in the hum her of fat sheep and cattle yarded. Tho yarding of store sheep, 10,000, was the largest since the gavo fair. For fat sheep prices remained generally firm on last Friday’s auction. STORE , SHEER The sale of store sheep Avas hampered for a considerable part of the entry by very heavy ram, Avhicli resulted in the attendance being considerably diminished. The yarding was the largest since the eAve fair and totalled. 10,200, values generally being maintained. Good 6-year eAves made 16s Id and 16s 2d; fresh conditioned 5-yr CAA r es to T9s; 5 and 6-yr CAves to 17s 3d; 4, 6. and 8-th 17s OH to 18ft; and 2th eAves to i9s; Avith fairly good at 16s to 17s. Quality lambs ranged from 13s 7d to 14s sd ; good lambs 12s upwards; good ewe lambs, to 15s. Empty eAves made 8s 8J for medium condition, <an,d 11s for fat and forward. Good forAvard wethers realised 17a. lOd to 18s 9d; and average 2-th, 16s £'d. Sales Avcre as folloAVs:— BEEF One good re,d coav soli at £3 16s; 1 Jersey coav, £1 12s 6d; 5 Jersey cows, £1 ss; 6 Jersey coavs, £1 6s; 1 Holstein vealer, 225; 2 .Jersey reilers, 22s 6d; 1 vealer £1 ; 3 good Holstein coavs, £2 10s; 1 Jersey coav, £1 14s; 1 Jersey coav, £1 4s; 2 good Jersey vealers, £1; 2 Jersey coavs, £1 12s; 1 Jersey coav, £1 12s 6d • 2 Jersey coavs, £1 15s; 1 Jersey heifer, £1 2s 6d; 1 P.A. coav, £3; 1 Jersey coav, £2; 1 Jersey heifer, £1 11s; 1 good vealer, £ ss; 4 Jersey coavs, £1 10b; 1 Hereford coav, £3 12s Gd|; 5 Jersey coavs, £1 12s. FAT SHEEP The values for ,fat sheep wore, about the same as hint week. The entry numbered 297. Lambs ranged from 12s to 15s 9d; caves from 12s 6cl to 14’s lOd, and a pen of Avethers made 17s lOd. Prices: — Lambs: S atolls CM; 9. 15s 9d; 6, 13s 8d; 60, 15s 8d; 16, 15s 3d; 10, 16s; 17, 12s ; 13, 13 9d; 10, 13s 6d. Eavcis : 6 at 14s ocl ; 54, 14s lOd; 4,14 s 4d; 5,14 s 3d; 15, 12s 6d; 20, SputhoAvn 2th, no bid. Wethers: 32 at 17s 10c. Breeding eAves: 157, m.a., r.Av. Romney, fair to good condition, 15s lOd; 178, 5 and 6-yr, r.w. Southdown, good mouths anj condition, lksf and 17s 3d ; 56, 6-vr, Southdown bams, fresh oavos, 16s Id; 227, 5-jTr SoutlidoAvn rams, mouths guaranteed.,; fresh condition, Southdown rains, 18s; 93, 4,6, and 8-th South down rams, in good order, 17s 6d. Dry oavcs: 115, ,1". and f. 11s; 170, medium condition, Ss Bcl. Lambs: 357, strong 'skinned, good frame, on account off Mr V. C. R. Mifcford,. 12s sd; 611, on account of Mr V. C. R. Mitlord, Romney skins frame and condition 13is 7d; 74, good s‘ramci /and condition, woolly ewos, 16m; 135, Avell-groAvn, good condition high size, fair condition, 10s Id; 100, high country, shorn, good frame, fair condition, 10s Od. Wethers: 202, average 2-th, Iss 9d; 77,0, 2 and 4-th, good to .forward condition, 18s Id; 49, f. and f. 17s* Id: 159, gooj frame and forward 17s 10d; 178, good, .forward, ISs 9d. Young ewes: 17.1, 2-th, on account of Mr V. C. R. Mitford, strong skinned, goad condition 17s Id. PIGS There was a large entry off pigs. Values Aveto considerably easier, particularly for Aveaners. Nine Tamworth medium slips, lie and 6s; 10' medium Tanhv'orth-cross Aveanei's, ,0s 3d and 5s Qd; 7 rougli Aveaners, 4s 9d ; 12 good Bcrk'shire-Tamworth cross Aveaners, 10s, 7,s 6d, 5s 9'd; 3'< good Tamworth slips, 14s 6d ; 4 go od Berkshire .'slips, 12s 3d; 2 heavy Tamworth porkers, 335; 1 do., 39s'; 2 good Berkshire Aveaners, 95,; • 3 good Tamworth porkers, 265; 4 do. 27si;' 2 medium-sized good stores, 15a; 10 good Tainworth-cross Aveaners, 5s Qd and 4,s 9c1 7 good conditioned slips, 10s Od and 8s 6d; 3 good conditioned, slips, 11s 0d; 4 good® Tamworth porkers, 255; 4 dm, '24s. • ' ' -■ -* * *

LONDON DAIRY PRODUCE ■ MARKET;/- • -/to;.' Messrs Dalgety and Op., Ltd.-), havo rccciygd the' following 'cable from theiy head office dated April. 11: Th’p” hotter market is quiet. Quotations. are -.—Danish butter- 7j6f. to 77s*per cavU f.0.-h.; N.Z finest' 77s tO" 78s per ciwt; Australian .finest—unsalted 75s to 765; salted 74s to 755; G.A..Q 71s to 725. The cheese.market is sloav. N.Z' —-White 4s Cd to 45s per envt; colored 46s- to 46s 6d ;- Canadian—(white 58s to 625; colored 58s to 625.” BIG REDUCTIONS EFFECTED DAIRY PRODUCE MARINE - INSURANCE RATES-. (Special to the Times.) WELLINGTON, April- 12 A reiiCAval of th e comprehensive insurance cover on New Zealand dairyproduce has just been effected by the Dairy Board at a 20 par cent reduction on the existing, cover. The new rate which is approximately naif the best rate available when the board first commenced! operations), is the loAvest in the history of the New Zealand dairy- produce trade, while the terms of the ins-unince are tho most comprehensive. The noiAV rates represent a further The new rates repra.sent a further saving of £12,000 a year to the industry ahdi are as follows. Butter 5s per cent, cheese 5s Cd per cent. They are loAver than those ruling for other primary products such as avool anj taUqw and! are a- striking indication of the savings Avhich can bo made through placing ail insurance bxisiness for one huge industry through one channel. In the 1928-29 season for instance, Avlie'n rates on othet* refrigerated cargo hardened a small i-cducU on Avas. secured’ on dairy produce despite the fact that the cover is more comprehensive- than are those issued on other cargo. Prior to the inception of the Dairy pai-d, the rates of premium varied, and the larger companies Aver e able to obtain much better rates than the smaller ones. The lowest nett rate of Avhich tho board kneAv in 1923-24 Avas butter 9s 6id per cent and cheese 11s 4d per cent. The terms of the policies Avere Avide hut not nearly as Avide as the nresent coA*er which protects the produce against “Any risks Avliat'soever,” and which has been described 1 by insurance experts as being the most comprehensh-e cover in the world. The contract has been reneAVed from time to time, ahvnys at u reduced figure and it Avas to come Aip again for rene\A r a] in August this year. The rates since 1932 have been butter 6i 4d per cent, clieese 7s percent, and iioav the board has accepted the offer of the underAVriters for a further 29 per cent reduction. The ugav rates are subject to the board agreeing to continue their shipping inspection service-—a- service which has proA-cj beneficial alike to the industry and to the undenvriters. It is estimated that the savings to the industry represented by reductions in insurance since the “board first came into existence, total, on today’s values, £47.-000 annually,despite the fact tha-j, rates on other classes -of goods have not fallen greatly. The contract- is a A-cry Avide oue covering manufactured produce against any, risks Avhatsoever from the time of manufacture untj'. 30 days after the date of final discharge m the United Kingdom. 51 ilk or cream in the factory is covered against fire and damage- by earthquake is a lso covered. The contract has AA'orked to the absolute satisfaction of the board claims being promptly and generously settled.