COMMERCIAL.

Gisborne Times, Volume XXXVII, Issue 3462, 14 October 1913, Page 2

COMMERCIAL.

STOCKS AND SHARES. AUCKLAXD EXCHAXGE. [BY TELEGEAPH —SPECiaJj COEi:' AUCKLAND. Oct. 13. Business on ’change is reported today, by Mr Cuttle (Air W. Lissant Clayton local agent) as follows : Sales: Waihi 56s to 56s 3d to 55s 9d; Junctions 24s 9d to 255, Ross 13s 7d to 12s 6d to 13s Id to 12s 10d. Following are the closing prices: Sellers. Buyers.

WELLINGTON PRICES. I [BY TELEGRAPH—SPECIAL CORRESPONDENT) WELLINGTON, Oct. 13. Mr. A. T. Bate (Mr. W. Lissant Clayton local agent) reports:— __ Sales: National Bank 107 s 6d, Gear Meat (Ist) 200 s Od, Ross 12s lOd, Paeroa 26s 6d. Following arc the closing prices : Buyers. Sellers.

LONDON MARKETS. HICH COMMISSIONER’S REPORT.* [PHESS ASSOCIATION TF.I.EGBAM.'j WELLINGTON, Oct. 13. The Department of Agriculture has received the following cablegram from the High Commissioner, dated London, October 13.' Note.—Quotations, unless otherwise stated,- are average market prices on spot): Meat.—The mutton market is quiot with no change in prices except for ewes, which are quoted it 3 13-ltd. The lamb market is slightly weaken, with less demand, especially for heavy-weight. Prices have declined for medium and light-weight Canterbury. Canterbury two’s, 5 9-16 d; heavy-weight, fours, 5 5-16 d. A few of this season’s Australian, lambs :n the market are selling as high as bid. The beef market is firmer owing to the weather being more favorable. New' Zealand hindquarters 4id, forequarters Sid. Chilled hindquarters 53d, fores 33d. The butter market

is quieter. There is a fair-demand for best quality Argentine at 116 s 2d to 120 s; otherwise there is no change. Cheese. —The cheese market is quiet, prices being slightly weaker. Hemp.—The hemp market is quiet, but steady. The position of Manilla is unchanged. There is little demand. For material on spv»c fair current Manila is at £29 16s to £3O (nominal), October to December £29 ss, January to March £29 10s. The output from Manila for the week is 19,000 bales, New Zealand is nominally unchanged. October to December New Zealand, good to fair, £29 10s to £29 15 s, fair £25 15s. Sisal: The-New York market .is unchanged, business being done with Europe on a basis of £2B 12s 6d. Grain, etc. —The wheat market is quiet. There is only a small quantity of New Zealand wheat available. New Zealand long-berried wheat, ex granary, per quarter of 4961 b, 365. The oats market is dull. Very little business is doing. Nominal quotations are: Old cron SparrowbiTs 235, Danish 22s 6d per 3201 b. The cocksfoo tseed market is very quiet. There are sellers of bright blue New Zealand cocksfoot seed, weighing 171 b per bushel, at 50s to' 51s, per cwt (new crop), but there are no buyers. LONDON REPORTS. SMITHFIELI) MEAT MARKETS. [UNITED PRESS ASSOCIATION—COPYRIGHT.] LONDON, October 13. The Incorporated Society of Meat Importers’ Smithfield market quotations for the undermentioned classes of frozen meat are based on actual sales of not less than one hundred carcases of mutton or lamb or twenty-five quarters of beef of fair average quality. The quotations are not for selected lines, but for parcels fairly representative of tne bulk of the shipments now on the market. The prices which folloiv are on the average a farthing per lb more than the values ex ship, this difference representing an average cost in expense, handling, conveyance and selling 'the meat.

—None offering. THE TAI'PO TIMBER COMPANY

IP&ESS ASSOCIATION TELEGEAJ*.} WELLINGTON. Oct. 13. Tlie chairman of directors of the Taupo Timber Company states that as a result of negotiations between the Government and the Company an Order-in-Council has been issued authorising the Company to extend its light railway (Pntaruru-Mokai) from Mowai to Taupo. about 20 miles. * Mr .Dalziell said that owing to the publicity given to the ouestion of Taupo development by the. Parliamentary inquiries, the Company now believes itself to be in a position to finance the completion of the railway to Taupo and to make the line suitable for passenger traffic and it has therefore not asked the Government to assist it by guaranteeing the moneys necessary for that purpose. “I understand,” added Mr Dalziell, ‘‘that the Government is taking steps with a view to the immediate settlement of Crown lands situated along the Company’s present railway and the proposed extension, and it is believed that there will be—as Mr Massey prophesied on his visit to the district—great development during the next five years in the settlement of this area. Tt lias been estimated that the extension of .(his railway will tap several million acres of pumice land which, with the aid of cheaply carried fertilisers, should support a large population. The guarantee that the Parliamentary Committee recommended was not to exceed £50,000. This was the estimated cost- of the extension of the line, including rolling stock.

SALE OE DAIRY HERD. The attention of dairy farmers is drawn to the sale of Mr A. Zenker's dairy herd, which will be offered by Common, Shelton and Company, at Matawhero, on Wednesday next at 11 a.m. The cows are all in'full profit, and will all be sold with a guarantee of soundness. The recent rains have assured plenty of feed, and farmers should not miss this opportunity of adding'to their herds.”

Waihi ... 5G 0 55 6 Ju actions 25 0 240 Reefs — 1 1 Talisman ... 46 0 44 0 ‘Crown 114 10 2 Kuranui 5 4 Caledonian 7 ' 4i Svlvia ... 1 2 11 Saxon l 0 11 Waiotalii ... 2 2 1 5 Watchman ... 2 9 2 5 Ross — 12 9 New Waitaia 13 1 o Oils ... 12 0 ~

National Bank ... 107 0 108 0 Trust 141 6 Well’ll Gas (1st) ... 327 6 do (pref) .... .. 19 6 Standard Insnr. ... 32 0 32 6 Gear (1st) 260 0 do (2nd) 69 0 Union Steams ... 25 9 26 3 Kaiapoi Wool, (pref) — 102 C Well’n Wool (ord) 81 6 Leyland 24 3 Taringamutii ... 47 6 Wairarapa F.arm(lst) - 135 0 do (2nd) 26 6 Murray Creek (old) 30 0 35 0 do (neiv) 11 0 Big River 102 6 Sylvia — 1 1 Boss 12 0 Talisman ... ... - 45 0 Waihi ...( ••• 55 3 55 9 Reefs 11 Junction > - 25 0 Worksop 00' 0 Taranaki Oils 12 0

Mutton— Last week, d. . This week. d. Canterbury light . If If Canterbury medium If -If Canterbury Heavy — — Southland . If Is North Island ord., . If If North Island best .. • 4 7-16 4 7-16 New Zealand ewes .. 35 3 13-16 Australian light • 35 3f Australian heavy . 3’ 31 Australian Ewes — — River Plate light . 4 5-16 4 5-16 River Plate heavy .• • 4 3-16 4 3-16 River Plate ewes .'33 33 Lamb— Canterbury light * 5| 5 9-16 Canterbury medium .. . 5 5-16 54 Canterbury heavy . 5 5 Southland . 5 3-16 5 3-16 North Island best .. • oi 54 North Island ord. • 5 1 5 1-16 Australian best — Australian fair . — Australian infe - uo r ’ .. __ River Plate best — River Plate seconds .. .. — — Frozen Beef—New Zealand fores 3 34 New Zealand hinds . .. 44 44 Australian fores .. 34 ' 34 Australian hinds .. 14 4 1 River Plate fores • • 34 34 River Plate hinds - n 44 Chined Beef— River Plate tores 3i River Plate hinds •• if oi