COMMERCIAL.

Gisborne Times, Volume LXV, Issue 10308, 18 January 1927, Page 2

COMMERCIAL.

STOCK* AX I) SHAKE MARKETS

4DCKLAND, Jan. 17. Sales pn ’.Change': Northern Steam (pci) 13.v3d; Ohinewai Mines, 6s j Soldiers’ Loan inscribed Stock i>4 per cent, (.u/2 1-194.1), £lOl. Sales reported : Soldiers’ Loan Inscribed Stock, 51 per cent. (1927-1941), £994; Northern .steam (coil.) 6s 4d. WELLING!UN, Jan. 17. Reported sales: New Zealand Breweries (debenture bonds), 24s 9d; Ba'rSt of Australasia, LL4 2s 6d.

CHLUSTCHUHCH, Jan. 17. Sales on ’Change: N.Z. Refrigerating Co. (con.) 7s 4d • Christchurch Gas 25s 6d. Sales reported: Western Australian Bank 54s 6d; Christchurch Gas 24s 6d. DUNEDIN, Jan. 17. Reported sale : . Mel burn Lime and Cement (rbs) 2s.—P.A. ■ AUSTRALIAN WINES-. STEADY GROWTH IN EMPIRE TRADE. LONDON, Jan. 10. The continuous steady growth of the Australian wine trade is once more one. of the most satisfactory features in Empire trade. The year's statistics show that the imports ot wine from Australia in 1926 amounts to 1,755,000 gallons, compared with 1,028,000 gallons in 1925, and 824,000 gallons in 1924. These figures are remarkable as the imports oi foreign wines in the same years were 15,962,000 gallons, 16,473,000 gallons, and 16,545,000 gallons respectively. The British consumption of Australian wines shows an even* more marked increase,, the quantities in the same years being 145,000 gallons, 782,000 gallons, and 611,000 gallons. The total value of Australian imports in 1926 was returned as £366,436.—A.N.Z.C.A.

LONDON MEAT MARKET. The Bank of New Zealand lias received the following cable from its London office.—“lt is thought that lamb will decline in the near future; wethers are thought to have reached top; ewes poor demand. Wethers, light 6-id to 7d, heavy 51 d to 6RI, ewes 4d to 4?d; lambs, new season’s, 2’s, KU-f to lid, tvs 10. Id to lid; Australian 6Jd to 9d; Argentine 6d to 7d. BUOY AN DY ON LONDON STOCK EXCHANGE. GILT-EDGED STOCKS HARDER LONDON, Jan. L 5. The Stock Exchange commenced the year in a most cheerful mood, with an active demand for - all classes of investment securities and a failamount of business passing in the industrial section. This buoyancy is due mainly to the easy monetary conditions apd favorable reception of conversion lean dealings, which - 11 commence on Thursday, it is generally expected the script will reach a substantial premium, for, according to the newspaper Statist, the market estimates of the total applications range from £150,093,000 to £200,000,0 JO.

Gilt-edged stocks have all hardened. Colonials are noticeably firm, even the last New South Wales issue, which was quoted at 3 per cent, discount early in November, has now recovered and is only at 1-1 p*.r cent, discount. —A. and N.Z.C.A. LONDON APPLE TRADE OPTIMISTIC IMPORTERS SUCESSFUL SEASON TOR AUSTRALIAN FRUIT EXPECTED LONDON, Jan. 15. Apple importers are taking a hopeful view of the Australian outlook.

•One of the leading city firms says the season should be successful and growers should be able to retrieve some o. the losses incurred lati year. This view is based on the following reasons:— (1/ The reduced quality exportable from the mainland and from Tasmania. (2) Severe frosts have dam-igod the Spanish orange crop for the second year in succession. (3 The greatly improved industrial position with no likelihood of a recurrence of serious labor troubles for some time. (4) The health authorities and tlie newspapers have dropped the tu sonic scare. (5) The reduction in freight. Against these favorable factors it must be borne in mind that the American crop is large and is bound to extend into the Australian season. So far there has been no news of any English importers making forward purchases, which is not surprising when one recalls how badly bitten some of them have been in recent years, but Continental buyers are already busy and several purchases have been made for Scandinavia at high prices—W est Australian Cleopatras 14s 6ci c.i.f., Dunns 14s, best varieties of Tasmanian apples 7s 6d f.o.b. The Germans also are operating at the same prices, which are considerably above the figure which English buyers would give.—-A. and N.Z.C.A.