FINANCE AND COMMERCE

Gisborne Times, Volume LXXXVI, Issue 13093, 15 February 1937, Page 8

FINANCE AND COMMERCE

LATEST MARKET NEWS

MAIZE MARKET. The. local maize market is reported to bo a siiado easier. Values arc nominally in the vicinity of 7s a bushel f.o.b. Gisborno but buyers show no inclination to sell. Importers have 'been able to arrange a direct shipment, and a consignment of 10,000 sacks will arrive from Java a month earlier than previously anticipated. This quantity is expected to relievo the position during tho autumn.

STOCKS AND SHARES

(l’ress. Association - ) AUCKLAND, Feb. 13. Sales on ’Change: Dunlop Rubber. 19s; Martha, 20s ; Farmers Fertilisers, 20s; Bank of Now Zealand, <los 3d ; New Zealand Insurance. 61s 9d, 61s Cd; Broken Hill, 81s, Sis 3d ; G. J. Coles, £5 10s Pel, £5 12s; Loan and Mercantile, £42. WELLINGTON, Feb. 13. Sales on ’Change: Broken Hill, £4 Is 3d; G. ,T. Coles. £5 10s; Woolworths, Ltd., £8 10s Gel; S’elfridges (N.Z.), 4s paid. 6s 2d. CHRISTCHURCH, Feb. 13. Sales on ’Change: Goldsbrough Mort, 3Ss Id ; Loan and Mercantile, ord. stock, £43; New Zealand Refrigerating, 10s paid. cum. div., 9s 2d: Stockton Coal, 2s; New Zealand Breweries, 58s; British Tobacco, 51s 7d; Broken Hill Proprietary, 81s Od (2), 81s 7d, 81s 6d (4) ; Dunlop Rubber, 19s Id; Electrolytic Zinc., ord.. cum. div.. nos od. 55s 6d (2) ; G. J. Coles. £5 6s. £5 12s Cd; £5 11s, £5 13s; Morts Dock. 13s sd; Mt. Lyell, 44s 3d, 44s 4d (6); Mt. Morgan, 17s, 17s Id, 17s (4); Taranaki Oil. 2s lid, 2s 7d; Rnwang Tin, 11s 4d; Selfridges (Australasia), ord., 39s lid. 40s; Woolworths (Sydney), ord., £8 12s (2), £8 12s 3d. £8 12s.

DUNEDIN, Feb. 13. Sales on ’Cbange: Loan and Mercantile, £44.

STORTFORD LODGE MARKET HASTINGS, Feb. 10. A falling away in both yardings and quality was experienced in the fat cattle section at Stortford Lodge today, being a surprise after last week's quality offering at a high level of values. Ox beef was negligible, cows of medium to inferior sorts predominating. Better quality lines made the only bright patch in a lifeless sale. Late rates were maintained due to tho short supply. A total of 24,500 store sheep was yarded, one half being lambs and the other consisting of breeding owes and fat and forward wethers. Top lines of lambs equalled last week’s values, but tho large percentage of second quality lines were easier. Many of the ihrcoding ewes were aged and poorly mouthed, tho best equalling last week’s ewa fair values, but poorer sorts were easier. Several good station bred lines of forward wethers were offered selling to 26s Id making better selling than tho first pens. Tn a modcrato yarding of vat slice]! ewes predominated, there being no change from last week. Medium sorts constituted the larger portion of the offering. Extra prime lambs met with bright selling, realising to 33s Cd.

MATA WIIERO SALE. PRICES FOE I’ICiS. There was a good yarding of pigs at Matawhero on Friday and the following were amongst llic prices realised: Five weaners, 3 at ids 6d and 2 at 12s Gd ; 1 porker, 87 s Gd; (I slips. 21a Gd ; 7 stores, 25s ; 4 porkers, 2:)s Gd; G slips 2-ls Gd ; 6 ditto, 27s Gd ; G ditto;, 21s Gdj; 8 slips, smaller, 47s Gd; G slips, 17s; 9 ditto, 15s Gd; S slips, 15s; 2 weaners; Ids Gd; 2’ ditto, 11s Gd ; 1 weaner, 10s Gd ; 2 at Ss, 2 at 7s Gd; 4 porkers, 22s Gd ; 4 ditto, 3ds Gd; 11 weaners, 17s Gd.

, HOME MEAT MARKET, TRADE IN LAMES GOOD LIGHT MUTTON FIRM. FROZEN REEF FIRM;; CHILLED EASIER, (Press Association)., WELLINGTON, Feb. 14. The New Zealand Meat Producers' Board announces the following meat quotations for the week ended February 12; — New Zealand sheep.—Ewes, G-jib to 721 b.. 3gd. New Zealand lambs.—North rsland, Downs, 371 b to 421 b., 7£d; 431 b to dOlb., 7^d. Australian lambs.- Victorian, first quality, 371 b to 42i1>., 6td. Argentine lambs.—First quality, 371 b to 421 b., 6|ci. Australian frozen beef.—Ox hinds 1431 bto 2101b5., 4Jd; ox crops, weights corresponding, 3d. Australian chilled beef.—Ox hinds 1451 b to 2101b5., 5Jd. Southern 'Rhodesian chilled beef. —Ox hinds, 1451 bto 2101 b., s£d. Argentine chilled beef—Ox hinds, 1451 b to 2101 b.., o-«d. Brazilian chilled beef:—Ox hinds, 1451bs to 210lbs,,i5gd. Lamb tendency of the market is steady with trade good for theytime of the year. Mutton market.—Wethers, light weights.,' firm; heavy weights, a shade easier; ewes firm, with prices for heavy weights slightly better.

Beef market.—Frozen beef market linn, with prices unchanged; chilled beef, a shade weaker owing to heavier supplies. Now Zealand porker pigs.—Market quiet and unchanged; New Zealand baconer pigs, prices unchanged, with little business doing.

OPOTIKI STOCK SALE. to the Times). Messrs. Dalgety and Company. Ltd., report havng held Heir monthly stock sale in the Opotiki yards on Thursday when a full yarding ol ’attic came forward and were offered to a good bench of buyers, selling under keen competition at prices up to late rates. They quote:—Springing cows and heifers, £2 16s to £1 ; fat cows £5 3s to £0 1.0 s; good killablo cows, £4 to £5; ditto, condition cows, £3 5s to £3 15si; store cows, £2 to £3; honor cows, 25s to 355; yearliiiig s.li. Refers to £l2 3s: lght bulls 27s to £2 17s; potter hulls £3 to £4 ss. The New Zealand Loan and Mercantle Agency Co., Ltd., report as follows:—“There was a good yarding of cattle, which sold well up to laic rates. Few sheep wore yarded. Prices were as follow :—Ewe lambs to 225; wether lambs, to 19s 2d: m.s. lambs. woolly, 23s 6(1: 2-fh wethers to 22s (id; store pigs. Ms to 16s; cattle, fat cows. £5 to £7 Vis; good store cows, £4 to £4 10si; boners, 25s to £2; boner hulls to £5 5; wcaner Jersey heifers, very mixed lot, 31s; IS Jersey steers £? 10s.

MAUNGAEOA AND HA PARAPARA STATIONS. DISPERSAL SALE. (Special to the Timer). The New Zealand Loan and Mercantile Agency. Co.. Ltd., report *s follows:—“In conjunction with the Hawke's Bay Farmers’ Co-op., I.J.d. (Hasjtings) and Dalgety and Co.. Ltd respectively, we conducted one of the largest and most successful clear ing sales ever held in the Bay of Plenty at Opotiki on Wednesday and there was a total clearance’ at most satisfactory prices throughout. •‘Prices realised were Sheep, ewe lambs, 20s to 20s 9d; smaller sorts. 16s 9d to 17s 3d. Wether lambs. 16s to 17s; culls 12s 4d to 13s. Two-tooth ewes, 32s 3d to 355; 4-th ewes, 32s to 36s Cd: 6-th ewes 29s to 31s lOd ; 4 and 5-yr ewes 26s 3d to 36s 6d. Cull ewes 14sto 19s. Twutoo wethers, small. 16s 9d to 18s 9d ; better sorts to 24s 6d. Messrs Dalgety and C'o., Ltd., report :

“Buyers were present in record numbers from all parts of the Bay ef Plenty and the Waikato and we. report a most successful sale. ‘'The Mauugaroa station slock cause forward in good order and condition. Buyers for horses were present in force and prices generally were in advance of late rates..

‘‘On behalf of Ifaparnpara station. 3000 sheep were yard'd. 4-th wethers realising 25s to 2Gs Gd. Rams, Romney, 4 and 6-th to 4Jgns.; S.M. to 31gns. ‘‘CWtlo. yearling steers £0 to £3 Gs; 2-yr steers, £7 17s to £s,; 3-;. r steers to £9 ms. Cows with calves, £8 Is; 4-yr bullocks, to £lO 2s 'id; 2-yr heifers £7 Is; yearling heifers, to £5. “Horses: There was very keen com petition. 5-yr mare, broken to chains £SO; aged mares with foals, £45 to £-51 10s; 2-yr. marcs ,unbroken, to £33;, unbroken geldings, 4-yrs.. lo £46. Waggon teams of G horses, £ls each; stallion, 40gns. ; station backs, good sorts, to £25; pack horses, £5 to £9.’

LONDON AJAR LET REPORT. The Batik of New Zealand advises receipt of I lie following cabled advice from its London office as at close of business last week:—“Wclh ers: The market is quiet, and unchanged. Ewes: The market is steady. Lambs: In short supply until next arrivals. CiTrrcn.l quotations.— Wethers: Light, 5d to 5;R1; heavy, 4d to *1 gd. Ewes: 3gd to 4gd. Lambs: Twos, 7jfd to 7Jd ; eights, 7-2 d to 8d ; fours, 7d to 7|d; seconds, Tgd to "ad.”