COMMERCIAL

Gisborne Herald, Volume LXVI, Issue 20093, 13 November 1939, Page 12

COMMERCIAL

EAST COAST CATTLE

SALE IN WAIKATO EASING IN MARKETS Generally speaking, the Waikato is carrying plenty of feed, but the dry conditions prevailing, following the recent cold winds, have considerably cheeked pasture growth, and rain is anxiously awaited by both grazier and fanner alike. All sections of trie stock market, with the exception of pigs, show an easing tendency, which is natural at this time of the year. Apparently the market for fat stock is over-supplied. Bidding is somewhat restricted owing to the inch of export competition, which would greatly relieve the present situation, and fuller details in connection with charges to 1'.0.b. on the Government’s recently announced meat prices arc eagerly awaited. Exporters would then be in a position to operate freely and so relieve any congestion in this section. The recent demand for store cattle has abated to some extent during the past week, and with larger offerings of station-bred cattle at most yards, values generally have shown an easing tendency. A special sale of East Coast cattle is scheduled to take place next week, and no doubt good quality cattle will be procurable at reasonable prices.

AUSTRALIAN EXCHANGES

VERY FIRM MARKET (Klee. Ti'i. Copyright—United Press Assn.) SYDNEY, Nov. 10. Tiie siiaremarket to-day was very firm, with a heavy turnover. Sales included: Bank of New South Wales, £27 2s; Commercial Bank of Australia, 14s 6d; Toohey's Breweries, £1 8s; Anthony Hordern, 14s lid: Associated News, 16s lOd; Associated News, 16s 10td; Australian Consolidated Industries, £1 His 6d; Australian Consolidated Industries, contributing. 14s; Australian Consolidated Industries, contributing, 14s Id; Broken Hill Proprietary. £3 13s 3d; Drug Houses. £1 5s 4d; Electrolytic Zinc. £2 16s Gd; Electrolytic Zinc, pref., £2 18s: G. J. Coles, £3 11s 3d; Mort’s Dock, 17s Id: Sydney Ferries, 4s 3d; Woolworths (Sydney), £1 2s 6d: Mount Lyeil, £1 9s; Mount Morgan, 9s 4d: Kanieri, £1 11s.

Sales on the Melbourne Stock Exchange included:—Bank of Australasia. £7 15s; Carlton Brewery. £3 2s 9d; Broken Hill Proprietary, £3 13s 6d: Duriiop-Perdriau, 19s 7d: Dunlop-Per-driau, pref., £1 15s; G. J. Coles. £3 11s.

GOOD SHEEP VALUES

SALE AT MORRINSVILLE

A good yarding of sheep, which met with spirited competition, was penned at the Morrinsville stock sale on Friday. The prices realised were pleasing to vendors. Quotations: —

Sheep.—Prime woolly hoggets, 26s to 28s 3d; fat shorn wethers, 23s to 24s 3d; light, 19s Gd to 21s; fat woolly ewes, 13s Gd to 14s Gd; light, 11s Gd to 12s Gd; fat shorn hoggets, 17s 9d to 19s 3d; fat woolly hoggets, 22s to 245; light, 18s Gd to 20s; forward , conditioned shorn wether hoggets, 17s 3d to 19s Id. Cattle. —Fat Hereford and Polled Angus bullocks, £l2 15s; medium fat cows, £5 10s to £0 15s; light, £4 8s lo £5.

EXPENSIVE VEGETABLES

Onions and new potatoes are topping tire Wellington vegetable market at present. Best quality onions are 4d to 6d a pound with no overseas supplies expected before December 2. Retailers state that there are no local supplies available, but they are hoping that Pukckohe growers will shortly be sending their first deliveries. New potatoes are bringing 5d to Gd a pound. They come from Pukekohe, Hawke’s Bay, and a few from Nelson.