COMMERCIAL.

Gisborne Times, Volume XXXIV, Issue 3742, 30 January 1913, Page 2

COMMERCIAL.

STOCKS AND SHARES

WELLINGTON PRICES

[BY TELEGRAPH—SPECIAL CORRESPONDENT] Mr. A. T. Bate (Mr. W. Lissant Clayton, local agent) reports:— WELLINGTON, Jan. 28.

National Bank, seller 123 s (sale 122 s Gel) ; bank of New Zealand, buyer 222 s 6d. seller 2255; Trust, seller 148 s; Napier Gas, seller 400 s; Shipping, buyer 290 s ; Union, buyer 45s 9d, seller 46s 9d; Leyland, seller 27s 6d; Wairarapa Farmers, seller 1455; Ross, buyer ss, seller 5s sd; Talisman, buyer 38a 3d, seller 3Ss 9d; Waihi, buyer 31s 9d, seller 32s 3d; Junction, buyer 21s 9d, seller 22s 3d. UNION BANK. fUWITED PBKSB ASSOCIATION—COPYRIGHT] SYDNEY, Jan. 29. Cable advices have been received that the Union Bank has declared a dividend of £1 5s per share, and a bonus of 10s, together equal to 14 per cent. The sum of £43,000 is carried forward, and £50,000 added to the reserve, now totalling £1,450,000. LONDON WOOL SALES'. LONDON, Jan. 28. At the wool sales competition is good. Prices are well maintained.

THE SUPPLY OF WOOL. During 1912 there was sold at the London colonial wools sales 898,000 bales, or 10,000 hales less than in the previous year. Although the sales were rather less-last year the supplies of wool to Europe and North America increased 24,000 hales. The supplies from Australasia were less by 61,000 bales, and Argentina was 2(K)0 bales short, but South Africa, with an increase of 87,000 bales, saved the situation. The following is a summary of the figures for seven years, as compiled by Messrs Helmouth, Schwartz and Co.:—

One of the features of the wool trade is the great, expansion in the South African output. In ten years the Cape output has been doubled, and great strides have - been made in the preparation of the staple for the market. During the past four years the trade has had to deal with an annual output of considerably more" than 3,000,000 bales. Notwithstanding the increase of the past few rears, prices to-day are very firm. The demand for wool has increased, and there is no fear of surplus production.

AusBiver tralia. Cape. Plate. Total. Year. Bales. Bales. Bales. Bales. 1906 ... 1.833,000 238,000 487,000 2,558,000 1907 ... 2,103.000 287,000 478,000 2,868,000 1908 ... 2,072.000 276,000 484,000 2.832,000 1909 ... 2,296,000 380,000 571,000 3,247,000 1910 ... 2,411,000 377,000 461,000 3,249,000 1911 ... 2,524,000 463,000 499,000 3.399,000 1912 ... 2,463,000 463,000 497,000 3,423,000