COMMERCIAL

Gisborne Times, Volume LXX, Issue 11125, 7 February 1930, Page 2

COMMERCIAL

MATAWAI STOCK SALE

There was a quiet sale at Matawai on Wednesday when 1200 sheep and a few cattle ivoro offered to a good attendance, mainly of local farmers. About half tho yarding was disposed of at low prices. The sheep were mostly of inferior type, old ewes with a few small 2-ths, and the only lambs wero a pen of culls. The cuttle were dairy sorts with a* few station cattle. Five-year-old owes in low condition and mixed in wool brought from 12s Gd to Ms; while small 2ths made from IBs 6‘d to 17s 3d. The oattlo Bold at late market rates.

STOCKS AND SHARES

(Dross Association.)

AUCKLAND. Feb. 6. Sales on ’Change: Devouport* herry, 23s 6d; Commercial Bank 23s Go; New Zealand Insurance, 41s ;d ; National Bank of Australasia, £ls dos, Bank of New South Wales, £39. Sales reported; Commercial Bank, rights, s d; British Tobacco, 42s 9d; South British, *>7s 0(1} Wilson s VjC mont, 37s 6d; Union Bank £ll 4s; Da hie tv and Co.. £l2 2s Oil. ! ~ ' WELLINGTON, Feb. 0. Sales at call: AVelliugton Harbor Board of per cent, debentures (1940), £97 os” Union Bank of Australia, £ll 3* Oil; Goldsbrough, Mort, 33s Od. CHRISTCHURCH, Feb. 0, Sales on ’Change: Commercial Bank of Australia (“rights”), Is lid; Union Bank of Australia, £ll 3s Od; Goldsbrough, Mort, 32s 011; Christchurch Gas 265; New Zealand Refrigerating Co. (10s paid), 4s Bid: British Tobacco. 43s (2); Colonial Sugar. £42, £42 10s, £l2; Maliakipawa, 3jd. Sales reported: Bank of New South Males (cum. div.), £39 ss; Bank of New Zealand, 55s Od; Mt. Lyell, 30s, 36s Id.

LONDON MARKETS

The Bank of New South Wales yesterday received the following cable message from its.. London office dated January 31st: — 1 ‘Wool, prices now slightly above the lowest point ruder good competition. Mutton, wethers 6.\d to 7£l per lb; ewes, 44d to o jd: supplies short. Lamb, lOd to 11-Jd; hardened owing to smaller supplies. Beet. -Ijd to 6:Jd ; good demand. Fork, lOd _to 11-Jd ; steady. Butter. 151 sto 1545; steady. Cheese, white 90,* to 9ls; colored ,BSs to 89s; steady.”

CANADIAN WHEAT PANIC

AVERTED,

■ Pre**p Association.) VANCOUVER Feb. 5. The action of the four prairie pro-

nee governments guaranteeing farmers 15 per cent, support for margin accounts with brokers to-day

•’verted a panic in the grain markets Dirough threats o 4 ’ broker., to unload tho huge supply of wheat.

STATE AID FOR CANADIAN WHEAT POOLS,.

nited Press Assn, by El. Tel Copyright WINNIPEG. Feb. 4.

Premier Bracken, of Manitoba infonmxl the Legislature that tho Governments of Manitoba, Saskatchewan and Alberta were prepared to give financial support to the wheat-pools of Western Canada. He Jstiaitpd (that Ins ‘Government was prepared to guarantee the action taken by tlie Miinitoba pool in making tlie initial payment on hist year’s crop on the basis of a dollar a. bushel. Banks h-mllim.’’ mini nuances recently notified pool officers that they were approaching the ii>teon per cent, margin which the banks required on all advances t<> the pool. SYDNEY '.PRODUCE' MARKET. United Press Asso. by El. 'l’d. Oop.vrigh. SYDNEY. Feb. (>. Wheat prices are steady. Quotations are: Bulk wheal. ss, bagged 5s 2d: potatoes, Tasmanian £8 in £9; Victorian £7: onions, Victorian Globes £5: Hour L'l2: Bollard £9: lirau 07 I Os; oats, white ss, Algerian Is !ki ; maize, 7s 3d .