COMMERCIAL.

Gisborne Times, Volume XXVI, Issue 239, 12 October 1908, Page 3

COMMERCIAL.

PRODUCE SALES

Messrs F. S. Alalcolm and Co., auctioneers, report the following prices realised at tlie sale of produce on Saturday:—Hens 2s 6d to 3s 6d, roosters 2s 6d to 3s 6d, sittings of eggs 2s to 2s 6d, butter lOd to lid, eggs lid to Is, potatoes easier in price, 11s per sick, onions scare at 2d per lb, small vegetables as usual. Alessrs Aliller and Craig report the following prices at their produce sales on Saturday : —Roosters 2s 7d to 3s sd, hells 2s 9d to 3s 6d, ducks 3s Id, Guinea fowls 2s lid, eggs Is dozen, butter 9d to Is lbj lemons 3d to 4d dozen, cauliflowers 6s to 9s 6d dozen,' carrots 2 S 3d dozen bundles, pumpkins 4s sack, onions 2d lb, potatoes 4s 6d bag, 10s 6d sack, apples 9s 6d t 0 10s 6d case, tomato plants Is 6d dozen, cabbage plants Gd bundle, bacon SJd lb. HORSE SALES. -

Alessrs Williams -and-Kettle, Ltd.', yarded about 50 hacks and harness horses and light unbroken draughts at AVyllio’s horse bazaar on Saturday. There was a-good number of buyers present, and bidding was keen. Hacks sold from £s_t-o £lO 10s, spring cart horses from £lO to £25, and light draughts from £lO to £2O. The draught stallion Ivanlioe was passed in at £97 10s. FINANCE. United Press Association. Copyright LONDON, October 9. The'Bank of England returns are : Gold coin £35,325,000, reserve £25,959,000, proportion of reserve to liabilities 50.93, circulation £29,429,000, other deposits £46,599,000, Government securities £16,631,000, other securities £26,029,000. Bank rate 2] per cent-, consols 84], New South AVales threes 87f, Victorian fours 104, three.and a-halfs 100, threes 89; Queensland fours 106, tlu-po and ahalfs 100, threes 88; New Zealand fours 106] ; 'Perth three and a-lialfs 97], threes 86(. Other stocks unchanged. THE LONDON MARKETS. United Press Association. Copyright LONDON, October 9. Tlia Bradford w-00l market is flat, 40’s are at 93d; 46’g lid; common GO’s, 21 Jd; super 22]d. At the London sales there is strong African competition for best- sorts -at improved rates. There was some weakness for mediums and shabby sorts. German buyers operated freely. Tlio sales included Moawhango 63d, and AvondaTe 9d.

The wheat markets are flat, with about a shilling decline on the September record. The increase in visible supply has demoralised buyers, who are indisposed to operate, hoping for lower prices-. Notwithstanding the unsettled state of politics in tho Near East, Australian cargoes are ' easier on pressure to sell. October shipments are offering -at 38s, and J-anuary-February shipments at 35s 9d. Australian wheat on spot is slow of sale at 40s 6d. New Zealand is nominally at 36s 7d for sliortberried, and 38s 6d for. long-berried. The flour market is quiet. Australian patent brands are at 25s to 26sThe butter market is quiet and unchanged. Tlie prices for colonial are -nominal.

At the wool sales prices are very firm. Merinos a-re hardening. Continental bidding is brisk.

-TIIO New Zealand Loan and Mercantile Agency Company report on the stock sales held on Thursday, Bth inst. :—The attendance was below the average, and the safe a dull and . dragging one right' through. There must lie abundance of feed in the country, and the lack of demand and fall in values must be attributed to the present position and future uncertainty of the wool market, and the continued financial pressure. There is no immediate prospect of this cloud lifting, and,\ it certainly spells public and private economy in capital letters.

Sheep.—We yarded 3829 and sold 1-592. There was practically no competition and sales could only be made by vendors accepting reduced prices. Empty ewes 9s, fat ewes 12s 6d, ewes and lambs 15s to 15s 6d, fat and forward wethers 15k lOd, hoggets, which comprised the bulk of the entry, medium 10s to 10s 3d, good lines 11s Td to 12s 7d.

Cattle.—-A heavy yarding came forward. We yarded.sls and sold 235. Steers were not in as good demand as at last- sale, and heifers and female stock generally were neglected. Our sales comprised calves 20s to 32s 6d, steer yearlings 37s to 43s 6d, 15montlis £3 2s 6d. 18-month to 2.years £3 15s to £4 10s. fat cows (lightweights) £3 12s Gel, better finished cattle £0 to £5 10s, shorthorn bull £4 12s 6d. Our next sale will he held on Thursday, 22nd inst. ■ We have a considerable quantity of useful lines of both sheep and cattle, and trust 'that sellers’ and buyers’ ideas of value may more closely approximate and thus enable business to be done. It appears that the position of ea. lower range of values must he faced meantime.