COMMERCIAL

Gisborne Times, Volume LXXXV, Issue 12912, 14 July 1936, Page 8

COMMERCIAL

BUTTER MARKET. RISES EXPECTED TO CONTINUE. (U.P.A. by Eire. Tel. Copyright). LONDON, July 12. The wholo atmosphere of the blitter market has changed. A renewal ol' optimism not only led to a sharp appreciation of spot values, but to activity.in forward operations. Continental descriptions shared the rises, which are expected to continue. WOOL MARKET.

GERMANY AFTER MERINOS. (U.P.A. by Elec Tel. Copyright). LONDON, July 12. The comparatively firm opening of the wool sales proved a tonic to Bradford, where concessions can no longer lie obtained. The demand in London proved wider than was expected, Germany being especially active in taking merinos. LIVE STOCK MARKET. FAT SHEEP ADANCE AT FEILDING. DAIRY CATTLE IN DEMAND. FEILDING, July 10. Prices for fat sheep continue to advance. fat ewes going lo 25 s lOd and fat wethers to. .32s (id, at the weekly stock sale to-day. The fat lambs offered were of inferior quality, no high prices being reached. A heavy yarding of maturo sheep, was totally cleared. Tlio total yarding of sheep was over 7000, with a fair proportion of ewes in lamb, and Ibese mostly being aged, the market proved sticky. Store lambs, however, sold well, black faced hoggets and ewe hoggets finding the market optimistic. A heavy yarding of dairy rows sold readily at. advanced prices, which were about 10s ahead of last week. Poiryfarmers aro certainly out to purchase with plenty of power of absorption still evident. Store cntlSe sold fairly well, with a. firm mark'd for potter cows. The fat cattle market showed a much better tone than of late, with a yarding of prime quality, including a proportion of ox beef. Prices for ox beef were about 27s Gd per 1001 b., with cow beef at 2-1 s. NEW ZEALAND’S SHEEP NEARLY A MILLION INCREASE. Preliminary figures published in th ■ current Gazette show an increaese in the number of sheep in New Zealand. At April 30 last, the approximate totai was 30,039,133, as compared with ‘29 - 070,734 sheep on the same date of the provious year. This represents an increase of 902,379. The sheep in the North Island at the end of April numbered 10,308,452, as compared with 15,749,010 a year previously—an increase of 559,430. In the Gisborne-.TTawke’s Bay district an increaese is shown of from 0,031,791 to 0,832,802. STOCK AND SHARE MARKETS. 9 (Press Association). AUCKLAND, July 13. Sales on 'Change: Electrolytic Zinc; prof., 42s 3d; G. J. Coles, 81s 2d (2); Mataki, Is Gd (2); bonds, 1937-40, 4 per cent, £lO2 7s Od ; Morts Dock, 12s 3d; Hume Pipe, 21s; Kauri 'Timber, 23s 6d; ITuddart-Parker, 37s Od; Bank of New Zealand, 41s 3d; Consolidated Brick, 1944, £lOl. WELLINGTON, July 13. Sales on ’Change: Bank of New Zealand, 41s 3d; Dunlop Perdriau, 18s Bd, 13s 9d; G. J. Coles, 81s; Bank of Australasia, £5 paid, £7 2s; Wooiv. orths, £5 16s 9d, £5 17s. OHR ISTCHUR CH, Jnly 13. Sales on ’Change: Goldsbrough Alort, 31s Id; New Zealand Refrigerating, 1-Os paid, 9s 8d; Uwitcd Provisions, 14s- 3d;- Worksop Extended, 2s Id (.4) ; 4 per cent, bonds, 1949, £105; G. -J. Coles, 'B2s Od (2). DUNEDIN, July 13. Sales on- - '.’Change': G. J. Coles, *64 Is; D.1.C., prof., 245; G. J. Coles, 82s 3d; Mil burn Cement, 42s Od (2). BUTTER MARKET FIRM AT 115 s. BTC HEST POINT THIS YEA R. Up to the closing of business at t.ho end of last week the New Zealand butter market in London contained to improve and remained firm after a further Is per cwt. increase to 115 s. At this point, butter is worth over 13Id per lb., f.0.b., and slightly under 14-Ad per lb. on butterfat. The market is now at the highest point reached this year. Cheese* also continued to improve, white gaining 6d per cwt. on previous advice, though colored .remains unaltered. Mc-ssrs Joseph Nathan and Co., report having received the following advice from London under Saturday’s date: “Butter, 115 s. Cheese, white, Ol’S, colored CDs.. Both markets' are very firm.”