COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18633, 18 February 1935, Page 2

COMMERCIAL

GREAT PRICE INCREASE GISBORNE EWES IN WAIKATO Gisborne <i in I Tokomani Bay breeding ewes met with very keen competition ■it the Mon'insville stock sale on bnclay. and sold at greatly improved prices. Store lambs were not yarded in as large numbers as'the previous week, but the offering was sold at rates on a par with recent sales. Fat sheep were keenl) sought. Only a small entry of cattle came forward, comprising mostly cow beef, which sold at late rates. Sheep from Gisborne and Tokomaru Bay sold as follows: Maiden four-tooth owes. 27s 8d: six-tooth ewes, 26s 2d; four-tooth ewes. 25s 3d; four-year ewes. 235: live-year ewes, to 24s 3d ; mixed age ewes,’2ss Id ; four-tooth to tlve-vear owes. 225; five and six-year ewes. 19s; six-vear ewes, to 20s 9(1 : two-tooth ewes, to 27s 9d; aged owes. 14s 6d to 16s 9d; Southdown rams. 4jgns. to Signs.

HIGHER DAIRY PAYMENTS 9d PER LB. IN GISBORNE Dnirv payments in the Gisborne dis 1 i'ii-1 tins month are Id. per lb. higliei tiian last month. t : The Ki si Ora Go-operative Dairy Goinpany. Limited, lias decided on Od. per lli, ‘hinterfat, compared with Sd. last month, and the total disbursement to he made on Wednesday will ■he £1.7,.780 Ids. The advance to he made by the (ikitu 'Go-operative Dairy Company. Limited, on last month's supply will also he 9d.. last month’s being Sd.

SMALLER BUTTER SUPPLIES GREATER CONSUMPTION Private, advice received to-day states that bv Saturday, the market Dor New Zealand butter had declined a further Is per cwt., to 88s. Messrs. Joseph Nathan and Company report to-day as follows-Butter, 88s: the market is weak. Cheese, white 495, colored 48s to 48s 6d. . Lust month, supplies of New Zealand butter to the London market were smaller than at this time last, year, but at the same time consumption was greater. Figures supplied by the Dairy Board show that January imports into the United Kingdom totalled 38.899 tons from all sources, against 44.697 tons in January last year, and 37,264 tons two vears: ‘agio. The principal falling oil was in foretell supplies, which were reduced from 15,197 tons in January last vcar to 10.C36 last mouth. Umpire imports declined from 29,800 tons to 28,813 tons, New Zealand declining from 16,112 tons' to 13.370 tons, but Australian increased from 15,598 tons to 15,074 tons. New Zealand shipments last month amounted to 13.466 tons, compared with 16.613 tons in January last year. The present season's shipments to the end of January were. 70,466 tons, a decline of 6234 to*ns from the corresponding period of last year. A big increase was noted in f.o.b. sales, 21 per cent, of last month’s shipments being subject to f.o.b. deals, against 10 per cent, in January last vear.

Estimated stocks of all butters in Loudon and provincial stores and steamers not discharged were 19.700 tons on February 1. much smaller than the 23,139 tons a year ago and 27,800 tons two vears ago. New Zealand stocks loaded on steamers not sailed finally and stocks afloat totalled 41,919 tons on February 1, compared with 43,990' tons at the corresponding date last year and 36.831 two years ago. Deliveries of New Zealand butter last month were greater than in January last year by 411 tons, last month’s figure being 9639 tons, but over the period from August to January the total is smaller, 50.111 tons compared with 55.409 tons for the corresponding period of the 1933-34 season.

FAT STOCK SCHEDULE BACON HIGHER THAN PORK At present', tin; unusual position exists of export buying rates for lightweight bacon pigs being higher than lor lightweight porkers. Since the beginning of January there lias been a progressive improvement in lmconer rates in Gisborne, and lightweights are now quoted up to 5Ad, with lightweight porkers id lower. The Gisborne schedule is as follows : Porkers.—Up t.o 801 b, 5-jd; 811 bto 1001 b. 43d ; 1011 b to 1201 b, 5 cl. Baconers.—l2llb to 1601 b, 51d; 1611 b to 1801 b, 4jd ; 1811 b to 2001 b. old; over 2001 b, 3d.

’Second quality, all grades, Id less Exportable choppers. 2jd.

BRITISH TREASURY BILLS (British Oilichtl Wireless.) Bee. 10 a.m. RUGBY, Feb. 16 A total of £38.840,000 was applied for in tenders for £25.000,000 worth ot Treasury bills. The maximum amount was allotted in bills at three* months. The average rate per cent, was 4s 11.80(1, Compared with 4s 8.23 d a week ago.