COMMERCIAL

Gisborne Herald, Volume LXVI, Issue 20086, 4 November 1939, Page 8

COMMERCIAL

COLD SNAP IN WAIKATO

PASTURES NOT AFFECTED

Gold winds have prevailed in the Waikato this week, but fortunately tlie grass had a good start and will not suffer a severe setback, unless present. conditions continue. Farmers who have paddocks shut up for hay and ensilage report that crops so far have more bottom than last year. The chief item of interest in the live stock business this week was the announcement bv the Government ot the f.o.b. prices for meat and :n some cases these were, better than' anticipated. However, the cost of putting Tiie meat to f.o.b. has to be gone into before any definite schedule is announced. In the meantime, the markets for fat stock have shown only seasonal alterations. Prices for store cattle have remained practically unchanged. Another large yarding was penned at the Morrlnsville sale aid while good quality steers sold readily, rougher sorts were not as keenly sought. At a sale of station-bred cattle held at Morrinsville, although attracting a full bench of buyers, prices realised were not as keen as those ruling at earlier fixtures. There is no doubt, however, that the best quality,, both male and female cattleEeome from the East Coast districts, and although the majority of the yarding was southern cattle, the offering included many pens of Friesian and Jersey-cross bullocks. With the new regulations recently introduced, which practically does away with chilling, and all beef to leave New Zealand will be frozen, it is not surprising to find graziers changing their attitude and going for weight instead of quality. Therefore, farmers were quite prepared to buy Friesian and Jersey-cross bullocks at good prices, provided they had frame enough to make heavy-weight cattle when finished. The entry of shorn store wethers at the central yards on Tuesday attracted a large attendance of buyers and very satisfactory prices were realised. Ewes and lambs also met a ready sale at slightly-improved rates. Best two-tooth wethers made 20s to 21s 3d, and smaller 17s to 19s Ud.

AUSTRALIAN EXCHANGES

QUIETER TRADING

(Elec. Tel. Copyright—United Press Assn.) SYDNEY, Nov. 2.

The Sydney Stock Exchange#showed little change to-day, but quieter trading conditions prevailed. Sales included:—Commercial Bank of Australia, 14s sd; Colonial Sugar, 147 2s Gd; United Insurance, £lO Is; Woolworths, Limited, £1 2s 7|d; Australian Consolidated Industries, £1 15s 9d: Anthony Hordern, 13s Gd; Mold’s Dock, 10s 9d; C. Neon, £1 5s 3d; J. Feilding,’ £4 Is; Mount Lyell, £1 9s 9d; Broken Hill Proprie'ary, £3 8s lOd; Arahura Gold, £1 8s; Kanieri. £1 10s; Taranaki Oil, 4s.

Morning sales included: —Commercial Bank of Australia, 14s sd; Associated News, 15s lOid; Tooths, ex div., 50s; Australian Consolidated Industries, contributing, 12s Id; Australian Iron and Steel, pref., 25s 3d; Broken Hill Proprietary, ex div., 08s 9d. Sales on the Melbourne Stock Exchange to-day included:—Commercial Bank of Australia, 14s 4d; DunlopPerdriau. 17s fid: G. J. Coles, £3 8s fid: Mount Morgan, 9s Id: Emperor Mines, 10s 4d.

MATAWHERO PIG VALUES

Competition in the nig section at the Matawhero stock sale yesterday was not as keen as at the previous sale. There was a yarding of approximately 150 pigs, a portion of which came l’orwaru in rough condition.

The values realised were: -Weaners. 18s to 20s; slips, 21s to 21s 2d: light stores, 21s to 255: big stoics. 21s to 27s (Id; light porkers, 30s; heavier porkers, 47s (id.