COMMERCIAL.

Gisborne Times, Volume XXX, Issue 3606, 20 August 1912, Page 2

COMMERCIAL.

HIGH COMMISSIONER’S CABLE. [PER PRESS ASSOCIATION.J WELLINGTON. Aug. 19. ’The High Oommisioner’s cable, dated London August 17, states: Mutton.—The market remains firm A good demand continues. Canterbury 4]d, North Island 4fd (light weight). North Island 3£d (heavies). Ewes are selling freely at 33d. The lamb market is rather quiet. The weather has lately been very unfavorable to the sale of lamb. The position is quite satisfactory, however. The total supplies are 77,000 carcases short of last year’s figures. Canterbury 5:3d, other than Canterbury sfd.

The beef market is quiet, but steady. New Zealand hindquarters 3Jd, forequarters 3Jd. ’Tlie butter market is quiet, and small business is doing. The demand is chiefly for choicest quality. Danish is at 120 s, Australian 112 s, Siberian 107 s.

The cheese market is quiet, but firm. New Zealand finest white and colored is selling at 60s to 60s. The liemp market is firm, and a good demand continues. There is a small supply of New Zealand. 'Transactions are light. On spot New Zealand, good to fair grade, £26 15s to £27, fair grade £25; fair current Manila £26 10s to £27, for any position. Tire stock is 868 tons. The output from Manila for the week was 20.000 bales.

The wool market is firm, as follows; 36’s (low crossbreds) Is lkl, 40’s Is 2d, 44’s (medium crossbreds) Is 23d, 50’s (halfbreds) Is Old, 56’s (quarterbreds) Is 83d, 60’s (merinos) 2s 2d.

’The wheat market is quiet. New Zealand long-berried, ex granary, per quarter of 49611 i 5, is at 425; shortberried 40s.

The eats market is quiet hut steady ; New Zealand short sparrow-hills, per quarter of 3841b5, 245. 'The cocksfoot- seed market remains verv Hat.

POTATOES IN SYDNEY. [UNITED PRESS ASSOCIATION —COPYRIGHT) SYDNEY, August to. The price of New Zealand potatoes (Up-to-Dates) is £ll 10s to £l2. The market is easy owing chiefly to the

arrival of a large consignment from New Zealand.

Recently there have been complaints as to the qyality of the New Zealand tubers, but owing to more capable supervision in New Zealand this lias been almost entirely remedied.

KAIAPOI WOOLLEN COMPANY. ITER PRESS ASSOCIATION.] CHRISTCHURCH. Aug. 19. The report of the directors of the Kaiapol Woollen Manufacturing Co., Ltd-, to be presented to the annual meeting on tiie 27th inst., states that during the year the staff and plant have been fully employed, and the result of the year’s operations enables the directors to recommend the usual dividend and to further strengthen the reserve fund. Stocks have been c-are-fullv scrutinised and provision made for all doubtful accounts. The sum of £1592 lias been expended in new plant, £1834 for repairs, and £4OOO is provided for depreciation. The profit and loss account, after payment of-the interim dividend to January 31 last, shows a balance of £12,335, available for distribution, and the directors recommend the following allocation, £16,008, payment of 'half-year’s dividend, making 7 nor cent, for the year on ordinary and 6) per cent, on preference shares; £2OOO to the reserve fund, £SOO to insurance reserve, and the balance (£2226) to he carried forward to the now account.