COMMERCIAL.

Gisborne Times, Volume XXXIII, Issue 3692, 29 November 1912, Page 2

COMMERCIAL.

STOCKS AND SHARES. AUCKLAND EXCHANGE. [BY TELEGRAPH —SPECIAL CORRESPONDENT] AUCKLAND, Nov. 28. Following were to-day’s prices on the Auckland Exchange (through Mr W. Lissant Clayton) : Sales: Junction 225, Kurunui Caledonians Is 3d, Waitangi lOd to lid to 10Id to lOd. Following were the. closing prices (sellers first, then buyers: Waihi 3s 9d and 2s 9d, Junction 22s and 21s 9d, Extended 7d and sd, Reefs Is and Bd, Talisman 29s 6d and 28s 9d, Crowns Is 9d and Is 6d, May Queen lid and B£d, Sylvia Is 2d and Is Id, Occidental Is 3d and Is 2d, Saxon lid and 9d, Waiotahi 2s 9d and 2s 7d, Waitangi 101 d and 91d, Watchman 2s 9d and 2s 4d. Ross 4s lid and 4s Bd, llauraki Reefs 5d and Eld, Ditto (paid) 8d and 4d, Old llauraki Is 2d and lljd, Mountain King 4d and 2d, New Waitaia (eout) Is 5d and Is 3d.

WELLINGTON PRICES.

WELLINGTON. Nov. 23. I£r A. T. Bate (Mr. W. Lissant Clayton local agent) reports:—

Bank of New Zealand buyers 20Ss, Equitable seller 1965, Plate buyer 41s, Auckland Gas (sale 63s 6d), Wellington Gas (3rdt buyer 2905, Ditto (pref) buyer 20s, South British seller 745, Wellington Meat (2nd) seller 100 s, Ditto (3rd) seller 595, Shipping buyer 280 s, Union (sale 48s lid), Wellington Woo) (ord) buyer 74s 6d, Ditto (pref) buyer 575, seller 58s, Ilikurangi buyer 18s. Westport seller (ex. div) 275, Ward buyer 100 s, seller 102 s 6d, Wairarapa Farmers’ seller 142 s 6d, Big River seller 105 s, Sylvia buyer Is Id, Ross buyer 4s 7d, seller ss, Talisman buyer 395, seller 39s 3d, Waihi seller 33s 9d, Junction buyer 21s 9d, seller 225, Waiotahi seller 2s 9d (sale 2s 8d). Waitangi seller lOd, Worksop seller 70s lid.

BROKEN HILL BLOCK TEN

[UNITED PRESS ASSOCIATION—COPYRIGHT] (Received Nov. 28, 7.15 p.m.) MELBOURNE, Nov. 28. At Broken Hill Block Ten half-yearly meeting it was stated that including a dividend of 2s payable next month the total paid in dividends was £1,280,000.

MOUNT LYELL COMPANY. (Received Nov. 28, 7.15 p.m.) MELBOURNE, Nov. 28. The Mount Lyell Company’s half yearly report shows a net profit of £106,749, and a credit balance in the profit and loss account of £550,563. The purchase of the Comstock property was completed at a total cost of £18,176.

Referring to the North Lyell disaster, the report says no estimate is possible of the probable financial loss, which is entirely uninsured. The occurrence is serious, having been regarded as an impossibility.

MATAWHERO STOCK SALE. There was a large attendance of tfie public at the Matawhero stock ales yesterday. In all 8100 sheep, 1400 head of cattle, and 35 pigs were offered, and there was a good demand for all classes of stock. Fat Sheep. There was a large yarding of fat sheep, and they met with a good demand. Ewes made from 12s 9d to 14s, and wethers up to 15s 6d. Among the sales were:—Wethers: 150 at 15s 6d, 5 at 15s. Ewes: 26 at 14s, 46 at 13s lid, 25 at 13s 9d, 130 at 13s Bd. 47 at 13s sd, 5 at 13s 4d, 61 at 13s. 44 at 12s 9d. Fat Cattle. There was only a fair yarding of fat cattle, and the demand was slack, several animals being passed in. Sheers made from £4 15s to £4 17s 6d, and cows £4 to £5 ss. PISS.

The entry of pigs was good and they sold well. Porkers made up to £1 18s, and weaners realised from 10s 6d to £1 11s according to size and quality. Store Sheep.

There was an average yarding of store sheep, and they met with a good demand, prices showing an improvement on the previous sale. Two-t’ooth wethers made from 11s 8d to 14s 9d, mixed two-tooth ewes and wethers from 10s 9d to 13s Id, other wethers from Us 8d to 15s Id. Twotooth ewes made from 8s 9d to 14s, and others from 10s 3d to 12s 6d. Ewes and lambs made from 15s 6d to £1 2s 6d. Among the sales were:—Wethers (two-tooths) 339 at 14s 9d, 302 at 14s Id, 550 at 13s lid, 219 at 14s, 763 at 14s, 333 at 12s 2d. Other wethers, 270 at 15s Id, 352 at 14s 9d, 22 at 12s lOd, 442 at Us Bd. Ewes (two-tooths) 350 at 14s, 146 at 12s, 191 at Us Ud, 12 at 10s 2d. 20 at 8s 9d. Ewes and lambs, 209 at 22s 6d. 69 at 20s, 28 at 17s 6d, 62 at 15s 6d. Mixed, 550 at 13s Ud, 327 at 12s 6d. 182 at 12s, 104 at Us 9d, 79 at 11s 6d, 108 at Us, 130 at 10s 9d. Hoggets, 10s Ud, 144 at 10s 2d, 56 at 7s 3d. Store and Dairy Cattle.

There was a very largo yarding of store and dairy cattle, and the demand was fairly keen. Good steers and heifers sold wel. Ahong the sales were: 2 spring sows £4 U2s 6d, 1 dairy cow and calf £4 10s. 5 heifers £3 17s 6d, 1 cow £3 15s, 1 heifer £4 ss, 21 steers £4 10s, 29 cows £3 12s, 20 steers £4 10s, 28 steers £4 Is, 75 cowss £3 12s 6d, 75 heifers £3 6s, 5 steers £4 19s, 20 heifers £4 2s, 2 steers £3 4s, 19 steers £3 12s, 16 heifers £3 18s, 25 ditto £3 17s 6d. 28 ditto £3 Bs, 17 steers £5 Is, 1 polled Angus, bull £l6 16s, 16 heifers £3 18s, 16 heifers £5 2s 6d, 25 heifers £3 17s 6d, 2 steers £2 12s 6d, 28 heifers £3 Bs, 17 steers £5 3s, 9 steers £5 2s, 6 heifers £3 Bs, 15 steers £4 13s 6d, 6 cows £3 15s, 2 steers £7 12s, 4 steers £6 12s 6d, 12 heifers £4 ss, 7 steers £3 12s, 10 cows £4 16s, 5 cows and calves £4 10s, 13 mixed cows £1 17s 6d.

LONDON PRODUCE MARKET.

Messrs W. Weddell- and Co., Ltd., report under date London, October 18: — Wool—The fourth series of Colonial wool sales which was in progress at the date of our last report, was duly brought to a close on .the 10th inst., the following quantities being cataloguedAustralian 62.939 bales, New Zealand 80,152 bales, South American 16,354 bales, South African 4,774 bales; total 164,219 bales. Of this total, as far as can be judged, 91,000 bales were taken by the Home trade, 55,000 bales by the Continent, and 6,000 bales by the U.S.A. Some 3,500 bales were not offered, and those, together with 3,500 bales withdrawn during the cur-

rency of the auctions, remain over until

the November series. As already announced, there has been an improvement in values of practically every class of the staple, and it is satisfactory to be able to report that the strength of the market was easily maintained, in fact prices in the final catalogues proved in some cases to be the best of the series. Buyers remained in close- attendance throughout, and competition amongst the Continental firms for all greasy merinos increased as the sales drew to a close, leaving superior sorts very firm on July closing rates, with good mediums and inferiors quite 5 per cent, dearer. The new Queensland clips were irregular, in some cases showing a thin staple and wasty condition. Scoureds closed strong, superior fine quality being in marked favor, whilst there was also an increased demand for faultier lots and all skin wools, rates showing an advance of from 5 per cent, to 7i per cent., and sometimes more over July final figures. Lambs were firm. Fine crossbreds closed strong at the 5 per cent..to 10 per cent, advance already quoted, while medium grades, the lighter lines of which were keenly? competed for by U.S.A. buyers, also maintained their 5 per cent, to 71 per cent, advance over July closing prices. Light coarse quality lots sold exceedingly well at the finish for American account, showing an improvement of 71 per cent., while on farmer’s lots the advance amounted to 10 per cent. Lambs were strong at 71 per cent, advance. Slipes went very well throughout... There was not much change in half-bred lambs, but on the medium and coarser grades rates moved up 71 per cent. For the shorter sheep’s wools the demands was at times excited, the coarse kinds and seconds and thirds being mostly 10 per cent, dearer. Scoured crossbreds fluctuated, and after a very strong opening values eased off, but even then there was an all-round improvement of from 5 per cent, to 71 per cent, over the dull market which was experienced at the close of July. Since the sales closed, the market for slipes has not been quite so sound, the trouble in the Balkans doubtless excercising a restraining influence. The arrivals to date for the filth series which commence on 26th November, total 21,000 bales, of which 6,000 were from New Zealand, 13,500 from Australia, and the balance from South Africa and South America.

Grain. —'Wheat, etc. —The markets maintained a steady tone last week under the influence of the outbreak of war between the Balkan States and Turkey. At the beginning: of this week it was feared that hostilities would not be confined to those countries. Something like a panic seized the grain markets and rapid fluctuations in prices were the result on the 14th inst. The final quotations that day were about Is per quarter over those ruling the previous week. Since then the fear of a European war has largely disappeared. The signing of peace between Italy and Turkey lias relieved the somewhat nervous tension of the situation. The opinion lias gained ground that the Dardanelles are not likely to be closed, and supplies from the Black Sea will continue to be available. In consequence of this improved position the markets have become quiet and prices have receded to last week’s level. The political outlook in the near East, however, is far from being in a settled state, and the grain markets are likely to be dominated for some time by the possibility of complications. Shipments to Europe for the past fortnight were again on . a liberal scale, and continue well above normal requirements. The North American crop is a big one. and the quality for the Spring wheat shows considerable improvement over last year. The market closes quiet with ait easier tone. The weather throughout Europe has been very favorable for work on the farms, and good progress has been made in preparing the land for Autumn sowings.

Maize closes quiet at about late rates. Barley and oats are also quiet, and values have receded to last week’s level. New Zealand wheat (ex. store).—The supply continues large and quality varies considerably. The inquiry is but limited, and' values range from 37s 6d and 39s 6d as to sample per 4961b5. On c.i.f. terms all Longberry, November shipment to London, is quoted at 39s without result, but the figure has been paid for a small parcel in the same position c.i.f. Avonmouth. To-day’s value to London is about 38s per 4901b5. c.i.f., but there is no actual business passing at this price. New Zealand Oats (ex. store).—There are few parcels landing, but A Gartons have been dealt in at 27s 6d, and B Grade are worth about 26s and 26s 6d per 3201b5. In parcels for shipment there is a little trade being done, and up to 25s 9d and 26s has been paid for A Grade Gartons November shipment to Avonmouth, and B Grades in same position at about 255. London buyers do not pay the same money, and the value to this port of ,A Gartons is about 25s 3d, and B Grade 24s and 24s 3d for November shipment. Frozen Meat—General Markets.—Supplies at Smithfleld continue to be heavy. Scotch mutton is quoted at 6ld and 7d per lb., and English at 6d and 6Ld per lb. Irish supplies are coming in freely, cattle selling at £l4 to £2l, and sides of beef at 41d and per lb. English sides are quoted at 5d and sld per lb. The trade for frozen lamb 3 is still very quiet, and prices are again quoted lower. Frozen mutton sells very slowly even at reduced quotations. -Beef, particularly frozen, lias been a- most unsatisfactory sale. Supplies are heavy, and with a keenness to sell prices have got to a very low level. Operations are on a small scale. Mutton (New Zealand).—The arrivals during the past fortnight amount to 147,298 carcases. Trade has been very quiet for all descriptions, and values have declined about f.d per lb. Canterbury sheep arc too short to quote, but prime North Islands can be bought, at 4jd and 4|d pe rib. Secondary brands realise about 42,d per lb. Ewes are in moderate supply, and command about 33d and 4d per lb. Lamb. —Arirvals during the past fortnight amount to 76,630 carcases from New Zealand, and 13,497 carcases from the River Plate. There has been an exceptionally quiet demand for frozen lambs during the past two weeks, both at Smithfield and in the various provincial centres, the heavy home supplies now being marketed completely upsetting the trade for the frozen article. Fortunately supplies of the latter are not heavy, and, consequently, prices have not suffered to any serious extent. Prime Canterbury lambs under 361bs are soiling at 5!Jd per lb., 36 to 42 lbs at 53d per lb, and over 42 lbs at sid per lb. Southland and North Island lambs are quoted at 5Jd and 5£ per lb for under 421 b grades, and 5d per lb for over 421 b lambs. Secondary lambs are a most difficult sale at 5.1 d per lb. Australian and River Plate lambs are not quotable. Beef—Frozen.—The arrivals amount to 57,839 quarter from Australia, 7.846 quarters from New Zealand, 46,039 quarters from the River Plate, and 8,736 quarters from Uruguay Trade has been most disappointing throughout, and values have declined considerably. Holders are all anxious to realise, but sales are of quite a retail character. Prices close very weak. Chilled—B7,l66 quarters have arrived, since last report. Trade has been very slow and values considerably lower than those shown in our last report. A good deal of middling quality beef has been marketed. Provincial Markets—A very quiet trade has prevailed for all classes of meat, and prices are weak. Frozen beef is the most unsatisfactory sale.