COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2561, 23 July 1909, Page 4

COMMERCIAL.

MATAWHERO STOCK SALES.

The fine weather attracted a argeattendance at the fortnightly sale of stock held at Matawhero yesterady. The yardings were small, tho sheep penned being mostly ewes in lamb, while the cattle pens held a good supply of beef and young stores*. Beet sold- well and cows brought top prices. Ewes were not keenly sought, those on offer being only a moderate Jot, but there was a good demand for hoggets, while 34 prime wethers realised the promising value of L3s.

SHEEP. The sheep yarded totalled only about 6000. Ewes in lamb were plentiful considering the lateness of the season, and though there were many buyers for this class of stock a few of them went home unsupplied. Fat stock did not sell at top rates excepting m the case of a prime pen of 34 wethers at 13s, the other lines disposed of by auction being 20 ewes at Bs, 30 ewes at 9s 6d. and 13 ewes at 9s 6d. Ewes in lamb sold at varying prices, and one pen of empty ewes from poor country were knocked down at is 3d—a bargain for the purchaser. The following were the principal pens sold under the hammer : —34 ewes in lamb 9s 6d, 66 ewes in lamb 8s 3d, 143 ewes in lamb Bs, 122 ‘ewes in lamb 7s 3d, 39 ewes in lamb 7s 9d, 13 empty ewes 10s, 180 ewes in. lamb 7s 9d, 175 ewes in lamb 4s. 300 nice woolly hoggets brought 9s 7d, 31 hoggets 6 S 4d, 7 hoggets 6s, 68 hoggets 7s 2d, and a small pen of w'eli-forward hoggets at Bs‘. A lot of 28 well grown, sound-mouthed wethers sold at 11s 9d.

CATTLE. The cattle pens were not overtsocked, and all tile steers yarded found good competition. - Butchers’ supplies sold well, the following being indicative pens:—2 fat bulllocks £6, 3 forward bullocks £5 15s, 3 forward bjullocks £5, 3 steers £5 15s. 1 bullock £5 15s. 1 fat cow £6 10s, 1 forward cow £4 15s, 8 small, but fat heifers £3 10s, 5 fat heifers £4. In stores 4 cows sold for £4 7s 6d, 5 steers £4 ss, 12' two-year-old steers £3, 18 yearlings £2 10s, 28 weaners 265, 24 steers £2 9s 6d, 7 heifers £2 Is., 5 heifers £2 2s, 1 steer £l, 1 heifer £l, 28 mixed calves 27s each, 30 do. £l, l‘stag 12s 6d, 1 heifer 30s. 1 heifer £3, 7 steers £2 7s 6d, 5 young heifers 245, 1 calf 275, 2 cows £2 16s, .5 heifers 28s, 3 calves 21.

PIGS. Pigs sold:—1 bac-oner 32s 6d, 3 baeoners 28s, 3 porkers 17s 6d, 4 baeoners £2 Is. A nice trap was sold on account of. Mr J. B. Hollier for £3O. LONDON TALLOW SALES. UniTiiD Pit ess Association —Copyeighi LONDON, July 21. At the tallow sales 12,000 casks were offered and 550 sold. Prices are unchanged. LAMB. The price of crossbreds has declined 3d to Id per lb. FROZEN MEAT.

(Per Press Association.)

, NAPIER, July 22. The Colonial Consignment and Distributing Company, London, to-day-cable the following report of the frozen meat market: "The market is weaker. Prices for mutton have, fallen 3d per lb. Beef has also fallen a further |d per lb all round. To-day’s quotations are:— Mutton: Canterbury, 3d per lb; Napier, Wellington, and North Island 2jd; lamb, first quality 3|d, second quality 3ld; beef, hindquarters 4d per lb, forequarters 2|d.

HIGH COMMISSIONER’S CABLE

WELLINGTON. July 22. The High Commissioner’s cable, dated London, July 21st., states: The wool sales closed with competition not quite so keen as at the close of the May sales. Americans were not buying so freely, purchasing onlv light, fine grades. The consumption was large, and supplies will be moderate. The prospects are favorable. The estimated value according to conditions are: Superior merinos Is to Is 2d, medium merinos lOd to llld, inferior merinos Sd to 9§d, fine crossbreds (all grades) Is to Is 2ldj medium •crossbreds (all grades) ICti to Is Id. coarse crossbreds (all grades) 7d to llJd,

THE FROZEN MEAT MARKET

AUCKLAND, July 22. Mr. Stringer, manager of the Farmers’ Freezing Co., interviewed regarding the ‘‘hear” in the meat market by Home buyers, said there might be something in it, but a big trade "depression in England has restricted purchases, while there had been a big increase in the export of Argentine meat. Increased supply and denressed demand-. necessarily meant reduced consumption. To tin's he attributed the decline. He stated that buyers in London were placing one agent against another to reduce the prices. He considered there should be one agentat Home for the whole colony.