COMMERCIAL

Gisborne Times, Volume LXXXII, Issue 12529, 15 April 1935, Page 2

COMMERCIAL

STOCK AND SHARE MARKET (Press Association}. AUCKLAND, April 13. Sales on Change: Talisman, 9ts 3d; Commercial Rank 15s 7d; AVaihi 42 ; s 9<T; Bank of New Zealand, 50s 6d; New Zealand Drug Co. 80s; Government stock, 1955, £lll 10s. WELLINGTON, April 13. Sales on Change: Alt. Lyell 19s 6'd; Broken Hill, 535. Sales reported ; AVoolwortlis (N.Z.) £lO ss. CHRISTCHURCH, April 13. Sales on Ohaijige: Ne\y Zealand Guarantee Corporation ss. 4d; New Zealand Breweries, 53s 6d, 53a 2d; (2), 53s Id, 535; Dunlop Rubber, 17s sd; Sun Newspapers, 4s 4d (2); Alexander Alines, 15a paid. cum. div., 17s 2d; Big River, ,2sj§d; Maori Gully Is 4Ad. Sales reported: Broken Hill Proprietary, 52s 9 l d; Dunlop Rubber, 17s 6cl; Goldsbrough, Alort, 28s 9d. DUNEDIN, April 13. Sales on Change: AVostport Coal £1 Is 6d. Sales reported: Reserve Bank, £0 11s; Broken Hill Proprietary, £1 12s 7d; Sun Newspapers, 4s 4d; Broken Hill South, £3 9s 6d. LONDON FROZEN MEAT MARKET (U.P.A. by Elec. Tel. Copyright.) ‘Received April 14, 6.30 p.m.) LONDON, April 13. Following are the latest frozen meat quotations at Smithfield : New Zealand sheep, Canterbury and North Island, selected crossbred wethers and maiden owes, 48 to 561 b. 4gd; North Island, 48 to 561 b., 4id. Australian sheep, first quality "cfosisTfrcd and/or merino wethers, 40 to 651 b., 3gcb; ewes, 30 to 551 b., 3/d. New Zealand lambs: Other North Island, second quality, average about 321 b. fid. Australian lambs: Victorian, first quality, 361 b. and under, s§d; Victorian, second quality, 361 b. and under, 54d; other States, second quality, 361 b. and unilef, sfd. Argentine lambs: First quality, 361 b. and under, s|d; second quality average about 281 b., 51d. Argentine chilled beef: Ox fores, 160 to 2201 b., 3d; ox hinds, 160 to 2201b5., 5/d. New Zealand pigs: First quality. Go to 801 b., SJ-d; 81 to 1001 b., 6}d.’ Australian pigs: First quality, 60 to 801 b., 5-Jd ; SI to 1001 b.. old. Other quotations are unchanged. LONDON MARKET REPOTT GOOD DEMAND FOR. LAMB BUT MARKET OVER-SUPPLIED The Bank of New Zealand advises receipt of the following cabled advice from its London office as at close of business last week: “Wethers-: The market- is very quiet. Ewes: The marnet is steady. Lambs: There is a. good demand, but the market is over-supplied ond prices are affected in consequence. “Current quotations: Wethers, light-, 3§d to 5:1; do., heavy, 3? 1 to 3kl; owes, 21 d to 3-pi; lambs, twos, 6>|d to 6Jd; eights, 6gd to 6Jd: four.?, 6pi to 6|d; .seconds. Gd to 6Jd.” WAIKATO MARKETS. HAMILTON, Apr* 12, After an exceptionally busy time the sheep season is now entering on a. period of quietness, an c ] this will continue .for a month o r two until owes in lamb come on to the market. At the same time there are still a number of farmers who are anxious to purchase breeding etrcsi but those that have been coming forward to recent safes have not been up to standard, but there is no doubt that good sheep would still find a ready sa.le. At' the present- time the mutton market appears to be over-supplied, and the majority of the yardings ore inferior or, unfinished fdicep., This no doubt, has its effect on tile store market, and! it. is safe to say that a month ago fat wethers wore worth 3s per hea { | more than they arc to. day. The same can he said of fat lambs, which have 'Suffered a weekly decline of -}d per for the, last four or five weeks, and there is every indication of .a further drop being announced in next week’s schedule. This downward tendency has been reflected in store lambs, in fact all classes of sheep, with the exception of breeding ewes, have suffered. With the exporters still absorbing a certain amount of boef it is hoped that the market for store cattle will remain steady. Afo.st of the store cnittlci sales, opened exceptionally brisk, but unfortunately prices were not maintained at the same high values. Neither was it thought that such large quantities - of -store cattle would come forward. However, taking the sales all round, they have been fairly well maintained, especially well grown cattle of quality. Female cattle have not been so keenly sought whilst young' cattle have been more in demand this year than last. y The pig section is stifl transacting a 'fair valume of' business, although the usual seasonal decline has started to set, iu.