COMMERCIAL

Hokitika Guardian, 28 April 1933, Page 4

COMMERCIAL

AD.DTXGTON STOCK MffTKET. CHRISTCHUBCH. April 27. In many lines 5a10,3 were -lvrd to mkao at the .live stock sale to-day at Addington. There was a small yarding of store sheep. Sales were difficult to make. All grades alike lacked interest to the buyers. There was <a medium yarding of fat lambs. The quality was a shade better this week. There wag a demand throughout, Extra heavy Jambs sold to 17r, 7d, prime 13s 6d to 15s, prime medium 10s 6d to 13s, light from •8s fid. There was a small offering of mutton, end a poor display of quality. Competition was keen owing to the light yarding. There was a much heavier yarding of beef. Prime lots met (better .competition. Medium and unattractive lots were hard to unit. Best heavv bullocks sold to £ll 2s 6d, prime £7 5s to £8 2s 6d } medium £5 10s to £6 l?s 6d, livht from £3 12s 6d. Best cows sold to £5 15s, on P special to £7 17s 6d, e.r’me c-ows £3 los to £1 ss, medium £2 5s to £3 2s 6d, light from 30s. Best heifers sold to £7 12s 6d, prime £t 2s 6d to £5 12s 6d, medium £3 10s to £3 17s 6d, light from £2 lc«s. There was a medium entry of porkers. Competition was keen at lote rates.

There was a 'large yarding of bacon, and only a slight easing, however, occurred in prjces. Porkers realised "6s to 31s, heavier t 0 365, chopper,? 30s to £4. bacon 39s to 455, heavy 46s to 555, extra -heavy to £3. :Stor e pigs were more numerous. Sales were hard to make.

fall in sterling. '"United Press Association—Hy Electric Telegraph—Copyright.l NEW YORK, April 26. A sharp decline was experienced by the pound today, closing 6| cents weaker at 379 J for cables. The decline is attributed by local bankers to Britain’s announcement of her intentions to utilise the stabilisation funds to end currency’s soaring. The Canadian dollar closed at 86. SYDNEY WOOL PRICES FIRM. SYDNEY, April 27. At to-day’s wool sales 7,591 bales were offered and 6,837 sold, also 1,831 privately. The closing auctions were to-day held; and there was very keen general competition. The market was exceedingly firm for a.l] descriptions. A hardening tendency was again in evidence. Greasy merino made fourteen pence.

WORLD TIN COMBINE. LONDON, April 26. The International Tin Committee met at The Hague yesterday, and examined the monthly •statistics as to ,export. The signatory Governments agreed to the following quotas for export wnd production, with effect from 1 st. July ne-H : Bolivia 1244 long tons* the Nether’anls. East Indies IC6B tons; Nigeria, 28" tons; Malaya 1927 tons. Next meeting is -at Paris on 23rd, May.