COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18203, 26 September 1933, Page 2

COMMERCIAL

SHEEP PRICES FIRMING BREEDING EWES WANTED BIG WIDESPREAD DEMAND The market for Gisborne breeding ewes has firmed over the past few weeks. The demand is widespread, and a number of sales have taken placo to the Waikato and as far afield as Wanganui. The Waikato requires mainly the 5-yr. ewe, and tho prospects have improved so much over the past few weeks that u sharp rise has taken place in the quotations made by vendors. Some sales took place during’the past few days of 5-yr. ewes at 15s, or 2s 6d above prices reported less than a fortnight ago. While the main increase in values has been for 5-year-olds, 2-tooth ewes also have firmed, and deals have been effected recently up to 18s and 19s, or slightly better than earlier values. Wanganui has been on the market for 2-tooth i ewes and 2-tooth wethers off the shears, ' the wethers being quoted up to 12s. j Buying done to date has not been 1 extensive, but the belief is held that. I more will follow soon. During the ' past two seasons Gisborne flockmvners ; with surplus breeding ewes had to con-1 sign to Waikato because of the rcluc-; tanee of Waikato farmers to buy for- j ward. Present indications, however,! point to the previous custom of foi> ! ward buying being reverted to au/d! that few farmers should need to send their sheep through to the Waikato on consignment during the coming sum- i mer. It would appear, also, that those j who bought early this year have secur-' ed their requirements to better advantage than by waiting. | There is also a keen outside demand} for cattle, and it is estimated that, well over half of flu: 1100 cattle at i the recent fair were purchased by outside buyers. Borne of the 'purchases are bound for as far afield as Taihapc. Others were sent to Whakatamj and Hastings.

NORTHERN ROLLER MILLS INTERIM DIVIDEND An interim dividend at the unchanged rate of 7 per cent, per annum has been paid by Northern Roller Mills, Limited. GOLD MINE RETURNS The wash-up at the King Solomon Deep Lead mine (Gore) for Hie week totalled 103 oz. lldwt. Tho return of the Freshford Gold Dredging Company, Waikaia, Southland, for the week was 220 z. ldwt. SMITHPIELD PRICES HOLD MEAT FROM NEW ZEALAND Smithfichl quotations for New Zealand frozen meat were mair Gained last week on the previous iwl.level except for ewes, in which a reduction of Jd was shown for inediiju a and heavy weights, with light weijwl ts remaining unaltered. The only fotllti >[• adjustment in the Meat Board’s sclhe dale of prices was a rise of jcl per lb t or porker pigs between 811 b and KlOl'b , bringing the quotation to Gil per lb,i or equal to the •price for light weights between 001 b and 801 b.

The Meat Board’s s uimnary of the position is as follows:“The lamb marked is quiet and prices unchanged; con y umption is being reduced by heavy s .implies of homekilled. “The mutton mar fcet is steady with fair trade. Ewes i uce dull, with trade slow. “Heavy stocks < >}£ ibcef continue to depress the marke t. “For New Zealo ,n d porker pigs there is a fair demand, i yLth prices firm. New Zealand baconer i ji gs are meeting with a good derriam with prices unchanged.”