COMMERCIAL.

Gisborne Times, Volume XXVIII, Issue 2764, 19 March 1910, Page 2

COMMERCIAL.

Aj> THE LONDON WOOL SALES. United Pkess Association'—Copyhiuht LONDON, March 17. There is keen and spirited competition at- the wool sales, full prices being maintained. The bank rate of interest has been increased to 4 per cent.

THE DOMINION’S PRODUCTS. The total of New Zealand’s products for the year ended last month exceeded those of the previous year in value, by ova- £4,500,000. As a natural result of tlie increased products, there will, of course, be more to export, and accord, ing to tlie. New Zealand 1 “Trade Review” the total value of the shipments for the current quarter ending 31st March promises to constitute a record far in excess of any previous corresponding period. Wool, dairy produce and: meat will show very high totals, and wheat gives expectations of an exportable surplus still equal to that of last- year. The imports seem to be remaining at about tlie reduced level of 1909, and the excess of exports over imports will, it is confidently predicted, show a very large margin-fur the March quarter. Bank accounts will thus be substantially replenished, and the financial position further improved. As the government- is -obtaining money for public works outside the Dominion,' .the accumulation,? of the community will be available for general purposes, and the prospect, therefore, is for increased ease in this market. j