COMMERCIAL.

Gisborne Times, Volume XXXIV, Issue 3778, 13 March 1913, Page 2

COMMERCIAL.

STOCKS AND SHARES. AUCKLAND EXCHANGE. [BY TELEGRAPH—SPECIAL CORRESPONDENT] AUCKLAND, March 12. 'Following were to-day’s prices on the Auckland Exchange (through Mr W. Lissant Clayton): Sales: Waihi 31s Gd, Junction 21s 3d, Occidental 51d> Ross 5s Bd. Following were the closing prices: . f * 11 v>

WELLINGTON PRICES. [BX TELEGRAPH —SPECIAL CORRESPONDENT] WELLINGTON, “larch 12. Mr A. T. Bate (Mr W. Lissant Clayton local agent) reports: There were no sales to-day. Following are the closing prices :

LONDON BUTTER MARKET. Reporting under date January 31, Messrs Weddell and Co. ,London, state that the demand’ dor Australasian butter continues quiet, almost to stagnation, for every kind but the “choicest” qualities. These meet fair demand. but for secondary and inferior varieties sales are made with difficulty and the prices have tended in buyers’ favor. It is difficult to explain the direct cause of this lack of demand. The market is affected by the abnormally mild weather that has prevailed for some months, and by the increasing large consumption of margarine and various butter mixtures known under fancy names. The supplies of pure butter are less than even twelve months ago, and the trade of the country is better than it has ever been. A curious feature which has been prominent in the butter market all this season is that Danish ,nd Swedish salted butter remains much nearer the price of last' season than any other imported kinds. The explanation is probably due to the limited supply of these two classes, while the demand has been in excess of the normal, owing to the Scandinavian butter having its main outlet in the manufacturing centres of the North of England and Scotland, where trade is exceptionally good. Scandinavian is only 8s per cwt below last year at this date, Siberian is 20s, French 18s, Argentine 225, Victorian and New South Wales 225, Queensland 20s, and New Zealand 19s. To-day’s prices for “choicest” salted Victorian and New South Wales is 106 s and 108 s per cwt, with a very exceptional llQs for Victorian; Queensland 104 s and 108 s, secondary and inferior qualities range from 98s and 102 s, unsalted Australian ranges from 100 s and 112 s, and unsalted New Zealand is 116 s and 118 s, being very scarce.

Arrivals this week consist of 25,370 boxes from Australia, against 52,720 a year ago. Shipments advised by cable amount to 34,450 boxes from Australia, against 48,050 last year. The foreign butter in British markets shows no quotable change, except Argentine, which is 2s to 4s lower. and Scandinavian which is Is 3d higher. The Copenhagen official quotation has been raised 1 kroner to 107, against 113 kroner last year.

LONDON MEAT MARKET. Under date January 31, Messrs Gilbert, Anderson and Co. report:— Little change has been seen in prices for goods actually landed, but the market for shipments ahead is weaker. Despite the cessation of killings at all but one of N.Z. freezing works through the strike, shipments continue on a liberal scale and the quantities for January, 1912, are likely to he exceeded this month.

Home Grown.—Beef: Scotch, Gld to 7d; English, s|d to 6)d; Irish, '5-gd to 6Jd. Mutton : Scotch, 7£d to 8d ; English, Ggd to 7i d; Irish, 7d to 7)d ; Dutch, 51d to s id. Lamb : English, (new), llid to Is; Irish, 7d to 7^d; Dutch, 7d to 7jd. Pork, 6£-d to 7gd. Veal, 9d to 9id. Chilled Beef.—Fores, 31d; hinds, 4gd. Frozen Bee’f.—N.Z.; fores, 3Jd ; hinds, 3fd. Australian: 3 l-16d and 3gd. Plate :3d and 3fd. Frozen Mutton. —New season’s N.Z. continue to fetch about 4|d; old, 4gd. Australian: small, 4d; ewes, 3 9-16 d. Plate, 4gd. Frozen Lambs.—Old season’s N.Z. aro still to be bought and holders min t be taking big losses in selling them at 53d for the extra stale ones. New season’s are fetching GJd. Australian 5 7-16 d down, .to 4gd.

Sellers. Buyers. Wailii 31 9 31 G Junction 21 3 21 0 Occidental 9* 74 Saxon 4i 3 Waiotahi 2 l 1 11 Consolid. Goldfields 14 G 13 0 11 OSS 5 9 5 7 Old Hauralci 5 3 Mountain King ... New Waitaia (cont.) 1 3 5 1 1 3

Buyers. Sellers. Financial — N.Z. and R. Plate Land Ltd 41 0 Well’n Invest. T.A. Coy., Ltd — 1 10 6 Gas — Feilding Gas ... ... — 20 3 Palmerston (ex div) 170 0 Wellington (pref)... — 20 1 Meat PreservingWell'n Meat Coy 53 ' 0 60 0 Shipping— N.Z. Shipping C'o. 320 0 Manufacturing— Well’n Wool (ord) 71 0 72 G do (pref) — 06 0 Coal — Westport ... ... 27 0 Mining— Sylvia 9 1 0 Ross 5 0 0 9 Talisman — 3-5 9 Waihi 31 6 3° G Junction 21 0 21 3 W?. iota hi 1 9 2 0 Watchman — 2 4 Oils— Taranaki —■ 16 3