COMMERCIAL

Gisborne Herald, Volume LXIX, Issue 20661, 12 January 1942, Page 8

COMMERCIAL

EAST COAST STOCK SALE IN MORRINSVILLE Sheep from Gisborne, the East Coast and Hawke’s Bay and cattle from the East Coast were offered at the Morrinsville stock sale on Friday to steady competition. The Farmers' Co-operative Auctioneering Company, Limited, reports that the large entry comprised mainly two-tooth ewes and included a small proportion of four-tooths and a few older sheep, and the entire yarding was from the East Coast and Hawke’s Bay, Although good sheep were sought, prices were not as high as those ruling last year. The highest price for two-tooth ewes was 31s sd, but smaller two-tooths and older sheep were hard to quit. The entry of store cattle from the East Coast arrived in good order and was offered before a representative bench of buyers. Competition was fairly steady throughout, and a general clearance was effected, although rates for steers were slightly easier than last year’s figures. Empty Polled Angus and Hereford cows and heifers met a good market with values fully up to recent sales. Breeding Ewes.—One hundred and ninetynine 2-tooth breeding ewes, ex Paranga station, 31s Gd; 290 2-tooth ewes, ex Pauariki, 30s Gd; 106 2-tooth, ex Jefferd station, 29s 9d; 171 2-tooth, ex Rangi Ford station. 28s sd; 120 2-tooth, ex Ruangarehu, 2Ss 3d; 298 2-tooth ewes, ex Maungatarata, 28s 3d; good 4-tooth ewes, ex East Coast, 28s 3d; small 2-tooth ewes, ex Dannevirke, 23s Gd to 27s Gd; smaller 2-tooth, ex East Coast, 21s to 21s Gd. Store Cattle. —Forward conditioned 3-year Polled Angus steers, £9 to £9 11s: 3-year Hereford steers, £9 Is to £9 ISs; 3-year Polled Angus steers, £8 3s to £S 19s; 3-year Hereford steevs, £8 2s to £8 17s Gd ; 2-year Hereford and Polled Angus steers, £7 6s to £7 17s; yearling to 18-month Polled Angus and Hereford steers, £6 to £6 ss; forward conditioned Hereford cows, £6 8s to £7 2s; Hereford store cows, £5 2s to £5 12s; Polled Angus and Hereford cows with calves, £G 8s to £7 2s; forward empty Polled Angus heifers, £G 13s; empty Shorthorn heifers, £5 Is; Friesian store cows, £4 11s; others, £3 16s. AUSTRALIAN EXCHANGES (Elec. Tel. Copyright—United Press Assn.) SYDNEY, Jan. 9. Business on the Sydney Stock Exchange made an appreciable recovery to-day. Prices showed a tendency to harden, although the turnover was restricted. Sales included:— Commercial Bank Australia, 12s sd; Bank New South Wales, £24 ss; National Bank A’asia (£lO paid). £lO 17s; Morts Dock, 17s Id; Australian Gas, 89s; Amalgamated Textiles, 8s 9d; Bradford Cotton, 325; Felt and Textiles, 325; Tooheys Brewery, 2Gs; Tooths Brewery, 475; Associated News, 9s 4d; ditto (pref.), 14s 6d; Broken Hill Pty.. 32s Gd; Henry Jones, 44s 3d; Howard Smith, 19s 7d; James Stedman, 12s; Lustre Hosiery, 16s Gd; W. R. Carpenter, 30s. Melbourne sales included: —National Bank A’asia (£5 paid), £5 4s; Dunlop Perdriau, 20s 3d; G. J. Coles, 535; Herald and Weekly Times, 46s 6d; Emperor Mines, 6s lOd; Loloma Gold, 16s 4d; Mount Lyell, 245.