COMMERCIAL.

Gisborne Times, Volume XXXIV, Issue 3780, 15 March 1913, Page 2

COMMERCIAL.

STOCKS AND SHARES. AUCKLAND EXCHANGE. [BY TELEGRAPH —SPECIAL CORRESPONDENT] AUCKLAND, March 14. Following were to-day’s prices on the Auckland Exchange (through Mr W. Lissant Clayton]: Sales; Junction 21s, Old Hauraki 4d.

WELLINGTON PRICES. [BY TELEGRAPH—SPECIAL CORRESPONDENT] WELLINGTON, March 24. Mr A. T. Bate (Mr IV. Lissant Clayton local agent) reports: Sales: National Bank rights, 21s; Ross os 7d, "Watchman 2s Lid.

OVERSEAS REPORTS. MINING. TRADE OF THE UNITED KINGDOM. • [press association telegram.] WELLINGTON, March 14. H.M. Trade Commissioner in. New Zealand lias supplied the following information concerning the external trade of the United Kingdom : The total values of merchandise imported into and exported from the United Kingdom is 1912 was considerably greater than in the previous year. The imports are valued at £745,000,000. The exports of the United Kingdom, produce and manufactures, total £487,000,000, an increase on the preceding year of £64,500,000 and £33,250,000 respectively. During the last decade the imports increased by 47 per cent., and exports by 72 per cent. _ The foregoing relates to merchandise only. The total values of gold, .silver, bullion; and specie imported and exported for the year were: Imports £69,500,000. exports £05,000,000, imports from Now Zealand £20,303,000, exports to New Zealand £10,382.000. The principal imports were: Mutton £1,883,000, wool £7,701,000. .

RICH FIND AT REEFTON. ’ [PRESS ASSOCIATION TELEGRAM ] REEFTON, March 14. A magnificent find of golden stone is reported in the Pride of Reefton mine. The reef is 2ft Gin. wide, showing the gold struck. The mine is a* continuation of the Gladstone and Dillon tunnels abandoned some years ago. The gold runs in streaks throughout the stone.

SHEEPSKINS IN LONDON. [UNITED TRESS ASSOCIATION-COPYRIGHT] LONDON, March 13, At the sale of sheepskins 4380 Australasian skins were offered. Practically, all were sold. At the wool .sales there was a fair attendance and animated competition. Compared to the February sales merino combings, clothings, were at par to a farthing dearer; Australian crossbreds, ditto j New Zealand crossbreds were generally unchanged, hut there Was an. .otaasionallsT.ihlit.-veg

in fact, some classes are a shade higher. Australian ;lambs are absorbed as quickly as they arrive almost, comparatively a minor proportion going into store. The lamb trade lias not only been good in London, but in the provinces Australians go freely into consumption at 3s 7d to 3s 8d for best quality; 3s 4d to 3s 5d for fair average; and 3s 3d to 3s 4d for inferior grades. New season’s New Zealand lambs that have just come to band, principally m the Rotorua, have met excellent demand and have all been absorbed at prices ranging from 4s 4d! to 4s 8d for North Islands, whilst up to 5s lias been made for a few Canterburys. The quality, particularly of Wellington iambs, has been very good. Chilled beef lias been in rather shorter supply, and values have advanced quite £d per lb for hindquarters, and stand at 2s lOdi to 3s 2d for hinds, and 2s 3d to 2s 5d for fores. Frozen beef, however, is still rather slow. River Plate hinds arc 2s 4d and fores 2s to 2s Id, New Zealand beef being at the same figures. Australian frozen beef is 2s 2d. to 2s 3d for hinds, and Is lid and 2s for crops. Mutton is meeting with good demand, new season’s New Zealand selling well at 3s 2d, with a few seconds at 3s to 3s Id. Small supplies of River Plate mutton are at 2s lid to 3s. Australian wether mutton is~very firm and scarce at 2s 8d! to 2s 9d, ewes being quoted at 2s sd. The retail price of Australian mutton Jof good quality rules high. At Leadcnhall a week ago I priced a leg bearing the Aberdeen works’ tag,and it was 9d per lb. And, by the way, though the man was salesman to one" of the best known firms in the trade, be told me the mutton was “Canterbury.”

EXPORTING CHEESE. WHAT LONDON WANTS. [FROM OUR OWN CORRESPONDENT] LONDON, Jan. 31. Australia is making a shipment of cheese in the Ayrshire due hero in March. It is hoped this will meet with a favorable market. Australian makers would do well to note that the most useful size, and that which brings the best price, is cheese in 80'b hoops. This size is in universal demand here, Whereas for cheese of 401 b or less the demand is restricted; prices are seldom equal to those of the larger cheese. Although cheese prices have fallen since the beginning of the season, the prospects for a steady rise in the coming months are fairly good. Supplies of Canadian and British are diminishing weekly, and will continue downward until the new season’s cheese-making begins in May. The only country at present providing us with freshlv-made cheese is New Zealand, with the little coming from Australia. Reports from New Zealand speak rather doubtfully about the increase anticipated some time ago. Arrivals of New Zealand cheese during February are slightly below those of the corresponding month of 1912. New Zealand white cheese, is firm at 61s and colored 60s 6cl to 61s. A fair amount of New Zealand ehese is “< ff” in _ flavor and is selling at 60s. Canadian is 62s to 645, for both colored and white. The Union of Siberian Dairies’ Associations of Kourgan have, together with a British firm, commenced making Cheddar cheese in the Biisk district, under the direction of British cheese experts ; so far only trial shipments in small quantities have been exported, the. results of which are not known, but if successful there is no doubt that this will also develop into a large business in the future.

Following wore the closing Sellers: prices: 11 uvers. Wnihi :ll 6 31 3 Junction 21 3 20 9 Extended 7 4. Crowns ... .11 9 Sylvia ® ■ 10 l Occidental Consylid 11 S Waiotalii 2 0 1 11 Waitangi ... ' ... 5 • 3 Watchman 2 6 2 2 Ross • ■ 5 § 5 7 Old Hauraki ■5 31 Mountain King ... 2 1 New Waitaia (cont) 1 5 1 3

Buyers. -Sellers Banks—■ N.S. Wales ... ... 800 O ... New Zealand 22-5 0 — National Bights ... 19 6 21 0 Financial— N.Z. Loan and Mercantile 10 0 - Equitable — 192 6 Gas — Napier (100s paid).. — 190 0 Napier (200s paid) — 390 p Insurance— South Britisli 75 0 Shipping— N.Z. Ship.. Coy ... •320 O 325 0 Union S.S. Coy. ... 44 9 Union (new issue)... . — 23 G M a mi f actu r i n g-—■ Well’n Wool (ord) 71 '0 72 G Mining— Mountain King 1 3 Sylvia ... ... ... — 10 Boss — 58 9 Talisman 35 3 36 0 Waihi ". 31 331 9 Junction 21 2 21 9 Watchman 2 1 2 3 Worksop 70 O