COMMERCIAL

Poverty Bay Herald, Volume LXI, Issue 18467, 4 August 1934, Page 2

COMMERCIAL

NEXT SEASON’S SHEEP WAIKATO REQUIREMENTS INQUIRIES IN GISBORNE The uncertainty existing in regard to meat and wool markets is at present preventing any forward business in breeding ewe's for delivery next summer. The Waikato is already endeavoring to secure an approximate idea of breeding ewe values from Gisborne, but sheep owners do not feeL inclined to put a price on their stock until they have a clearer idea of what it may be worth at the time of delivery in five or six months. Last year those who sold their breeding ewes early in the season were at a disadvantage, compared with, those who ■held until towards the, end of the year. Values for 2-th breeding ewes opened op in the spring at- about 15s, rising towards the close to about 225. Since then, the wool values have fallen again and the future of the meat markets is shrouded in uncertainly. A Waikato report states, tli.it a quota, lion has been made for 2-ths, delivery next summer, at 255. This is regarded as too high to attract, business, but Gisborne interests state that they know ol no definite quotations, for everything is too uncertain. However, one forward deal in wethers is reported from the Gisborne district.

DAIRY PRODUCE MARKETS

BUTTER UP TO 80/- A CWT. Tits- butter market has regained all that it lost in the recent decline, and quotations now are lip to 80s per ewt. for finest New Zealand salted, an increase of Is per ewt. on the quotations of the past few days. Messrs. Dalgety and Company report having received the following advice from London dated August 2: “Butter: The market is firm. Quotations: Danish, 86s to 88s • New Zealand finest, 78s to 80k; Australian finest, 72s to 745. Cheese: The market is steady at present, prices. Quotations : New Zealand, white 495, colored 465.”