COMMERCIAL. LONDON MARKETS.

Gisborne Times, Volume XXXV, Issue 3954, 10 June 1913, Page 2

COMMERCIAL.

LONDON MARKETS.

STOCKS AND SHARES. AUCKLAND ENHANCE. [BY TELEGRAPH —SPECIAL CORRESPONDENT] AUCKLAND, June 9. Sales: Waihi, 355; Ross, 5s 4d; Sylvia, Is Id; Occidental, Is Id. _ Following are the closing prices : Sellers. Buyers. Waihi ... 35 3 35 0 Junction 17 10 17 8 Talisman 37 3 37 0 Ross ••• 5 G 5 4 Sylvia 1 1 I*l Occidental 12 0 11 Watchman 18 17 Waiotahi 1 10 1 8 Taranaki Oil 14 0 9 6 WELLINGTON PRICES. WELLINGTON, June 9. Sales: Sharland (ord.), 22s 6d; do. (pref.), 22s 6d; Sylvia, Is Id. Following are the closing quotations:— „ „ Buyers. Sellers. Financial— , Metropolitan ... Mercantile 10 6 • Investment 11 3 Trust 143 0 —, Deposit 5 3 • Gas — , n Christchurch ... 100 0 100 0 Wellington (Ist)... 320 0 320 0 Wellington (pref) 20 0 Miscellaneous— . Christchurch Meat 310, 0 • Welling. Meat (3rd) 59 6 Union S.S. Co. ... 41 6 42 6 Mosgiel Woollen ... Taupiri ... ,v.. ... 20 9 Stockton ... -3 0 • 3 G Taringamutu ..s 42 6 43 G Golden Bay ~ f, Sharland (ord) ... 22 0 2-. 6 Sharland (pref) ... 22 G Ward and Co. ... 100 0 - Mining— 1 Sylvia ... 10 11 fZn ::: ::: ::: o % r 3 Talisman 37 0 37 6 Waihi 35 0 3o 6 Junction 17 3 17 9 Waitangi 0 3 0 o Worksop 63 0 N.z! PAPER MILLS. O' U: .j\ ■/* f PRESS ASSOCIATION TELEGRAM.! DUNEDIN, June 9. The annual meeting of- the N.Z. Paper Mills, Ltd., was held' to-day. The report for the year was unfavorable, this being.due to the flood at the end of March, by"which stacks were, damaged to an extent estimated at. £3248, while".£l2oo wilkprobaßly required to complete repairs. ;.. .Thee report and balance-sheet 'were adopt- - ed. Mr. Mitcljbll, .tile retiring.' tor, was re-elected, and-Messrs Barrel-;. re-appoint—-isd auditors.' - ' A-y . ' /• '

HIGH COMMISSIONER’S CABLE. X ■ TPEESB ASSOCIATION TELEGEIM] WELLINGTON, .June 9. Tlie Department of Agriculture has received the following cablegram from the High Commissioner, dated London, June 7. (Note. —Quotations, unless otherwise specified, are average market prices on spot) : ’ Mutton.—The mutton market remains firm, with a good demand for all qualities. Mutton, Canterbury, 4-Jd; lightweight, small supply, as high as 4jfd ; North Island, 5.1 d. Lamb.—The lamb market opened weak, but to-day is firmer, and there is a prospect of an improvement. Prices declined except for lightweight, for which there is a good demand. Canterbury bid, heavy-weight sgd; other than Canterbury sijd to G^d; according to 'weight. Beef.—The beef market is weak on account of large arrivals. New Zealand hindquarters 3|d, forequarters 3gd; supplies of American chilled beef, forequarters 3 3-16 d. t Butter and Cheese.—There has been no alteration in the butter market since last week. The Tuinui’s cargo of butter has not been discharged. Choicest New Zealand, 115 s; Danish, 115 s; Australian, 106 s; Argentine, 102 s; Siberian, 101 s. The cheese market is slightly weaker, with less, demand. The cneese by the r lainui is being discharged. Apparent'y it has not been affected by the accident. New Zealand white, 60s 6d; colored, 58s 6d. Hemp.—'The hemp market continues dull, with small business doing and prices weak in the New Zealand market. New Zealand good to fair £29, fair £2G, any positions (stock G7O tons). Manila prices have declined, owing to bear operations, but good business has been done at the reduced rate. Fair current Manila £3O to £3l, any position. The output from Manila for the week was 16,000 bales. Oats.—The oats market is dull, with very little business doing. Prices are slfglitlv advanced for all grades. New Zealand oats (Danish), ex granary, per quarter, of 3301b5, 21s Od. Wool.—The wool market remains firm. Hie wheat market is nominally unchanged. The New Zealand supply is pi acticallv exhausted. LONDON WOOL MARKET. AGENTS’ REPORTS.' '

Messrs. Dalgetv and Company. Ltd., have received cabled information from their London office stating that the market for Bradford tops remains unchanged. Messrs Murray, Roberts and Co., Ltd., have received the following information from their London House, Messrs. Sanderson. Murray and Co., Ltd., under date May 2:— Since our last circular, the auctions have passed off with good spirit, competition beia<r chicflv with the Home trade. The market generally has firmed up since the opening, and prices have been veil maintained'. Greasy merino wools, except wastey conditioned parcels, which are rather irregular, have shown a hardening tendency, and for scoured descriptions the market is very firm, faulty lots frequently selling at prices somewhat higher than rates current in March. Greasy fine crossbreds are relatively the cheapest wools to buy, and the weakness quoted in our last report lias become further accentuated, prices for this description being now about 5 per cent lower than at tlic close of the previous sales. The medium greasies remain unchanged, but coarse sorts, under very active competition from the Bradford buyers show 5 per cent improvement on March closing rates. Scoured crossbreds meet- an excellent market at fully last sale’s currency, mid prices for sliped wools are very firm, without change on initial values. 1 lie number of bales offered to date is 114.66<, of which 13,043 bales, 11.37 per cent, have been bought in.