WOOL RECOVERY.

Press, Volume LXIX, Issue 20905, 12 July 1933, Page 11

WOOL RECOVERY.

| AUSTRALIAN SALES CLOSE. I ENCOURAGING SIGNS. ! i i.S'ROai O'. s 07 .v cM::;es;o:. Ji'N r.; | SYDNEY. July f; - With the close oi tlic Brisbane .sale:, I Inst Thursday, the: curtain whs run;'? | down on the Australian wool season j for 1932-33. It was rung down, too, in an atmosphere of confidence, and after the keenest competition values were left at the highest point for 12 months. An expert review says that the "high spot" of the Brisbane sales was the extreme values paid for superfine wools, both greasy and scoured. But the eager competition, which lasted throughout the four days of the sale, embraced all qualities and descriptions of wool except the wasted and most faulty fleece, and it came from all sections of the trade. Once again Japan displayed a predilection for Queensland wools, and apart from the powerful French demand, provided the dominant note in the saleroom. No more illuminating commentary could be made on the great change that has contii over the face of the market during the last 12 months than by comparing the average price realised last week with the average in the corresponding week last year. Then the average was about 6kl, whereas it is estimated that the average in Brisbane was between lid and Had—rougniy an all-round advance during the U months oi more than 70 per cent. It is pointed out that this does I not nu;-n inat a.l wooly ha/e .\uvaiiced ; lo mat txi.UK. in ine case A the best : net.ee woois in.: advance aas less, wiiae, ou uie Other hand, me auvancn's m ordinary and unerior sorts, whicii a year ago were only saleable to ruinously "sporting" bids, is very much higher. The final sales of tne season were also held in Western Australia, at Perth, during last week, and there again the competition was exceptionally keen and prices closed on a level with the advanced rates that were recorded in Brisbane. Tlio.se interested ! in the trade view the position with ; the utmost confidence and feel certain : that there will be still greater competition when the naw selling season opens in August. It is felt that the wool industry is at last coming back to its own, and that it will do more than its share in winning back Aus- j tralia to her old-time prosperity.

CANTERBURY MARKETS.

(K OUIS COyiiiaciAl, EDITOK.. Tuesday Evening. There is no change in grain and produce values since the week-end. The potato market is quiet, there being little Auckland enquiry, but it is very firm. The export of the third consignment of potatoes to South America is absorbing most of the interest in the market. Prompt whites are worth £5 on trucks, and July's £5 ss. The completion cf the sale of another 280,000 bushels of wheat for export has been a major item of interest this week. It is not known what price the cargo was sold at, but it is understood that the figure was satisfactory, and that a favourable freight will also assist the return to the Wheat Purchase Board. A third shipment is considered by the trade as probable, but no decision has been come to in the matter. Fowl wheat is a shade firmer, and is quoted at 3s 6d f.0.b., s.e. The price of bran for local disposal is £4 a ton large size, and £4 10s small size; for shipping £4, large size. Pollard, £5 10s and £6 (local) and £4 10s (shipping), large size. Quotations. The following are quotations for produce to be paid to farmers, on trucks, free of commission, sacks extra, except where otherwise stated:— Wheat (interim payment for July) Tuscan 3s Bd, Hunters 3s lOd, Pearl 4s, all f.0.b.; fowl feed 3s s*ld to 3s 6d a bushel, f.0.b., s.e., for prompt. Oats—A Gartons Is lOd to Is lid; B Gar tons Is 6d. Potatoes—£s a ton for prompt whites; £5 7s 6d for Dakotas. Italian Ryegrass—is 6d to 2s a bushel. Perennial Ryegrass—ls 6d to 2s a bushel. Cocksfoot—4d to 4id per lb for Aksroa; Sid to 3Jd for Plains. White Clover—9d to lid per lb. Cowgrass—6d to 7d per lb. Onions—£3 a ton. Chaff—£2 to £2 2s 6d. Flour—£l3 12s a ton, local; £l2 17s shipping. Po'.lard—£s 10s (small size), and £6 (large), local; £4 10s shipping. Bran—£4 (small), and £4 10s

(large), local; £4 (large), shipping.

AUCKLAND. [THE PRESS Special Service.] AUCKLAND, July 11. Locally potatoes are still selling at £8 a ton, although this rate is below southern parity, and is not expected to last more than two or three days. There are ample supplies at the moment. Onions are selling cheaply in the south, and as a consequence some ot the surplus has found its way 1o this market. Southern onions are scarcely as firm as the local article, and sell at lower rates. Quotations are: Local 8s to 8s 6d per cwt, southern 7s 6d. Pollard and bran are steady, mill prices being: Pollard £6 a ton, bran £5 10s. The market for fowl wheat is unchanged, and there is a good demand at 4s lid to 5s a bushel, ex store. Maize too is unaltered, with merchants asking 4s a bushel for new season's grain, and 3d higher for last season's. Most of their requirements come from Bay of Plenty, though Gisborne dealers contribute limited quantities of old season's maize for crushing purposes. In sympathy with an easing in the south, local merchants have dropped their price for B Garten oals by a penny to 2s lid a bushel. Chaff is'unchanged, and sells quietly at £6 15s a ton. PRICE OF GOLD. (Received July 11, 5.5 p.m.) LONDON, July 10. Gold (a fine ounce) is quoted as follows: £ s. d. July 10 .. .. 6 4 (> July S .. ..645 July 6 .. ..641 July 5 .. ..637 July 4 .. .. 6 2 10 July 3 .. ..631 PRICE OF SILVER. (BRITISH OmCUI WIRELESS.) RUGBY, July 10. Silver (pence an ounce) is quoted: July 9. July 10. Spot .. .. 181-16 17 J Forward .. .. 18 3-16 18

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. I Markets continued firm on call yesjtcrday, and there was a moderate turn- | over, chiefly in bank shares, gold min- | ing .-hares, and New Zealand Rej frigcrating. Transactions, exclusive of I vestibule business, were:— ' £6OO N.Z. Govt. -1 p.c Ins., 1946. i IV Bank of Australasia. POO Comm. Bank of Australia i cum div.t. 20 National Bank of Australasia '.CIO paid). 30 National Bank of Australasia (£5 paid). 400 Bank of New Zealand. 95 Dalgety and Company. 100 Goldsbrough, Mort. £340 P. and O. deferred stock. 100 N.Z. Refrigerating (£1 paid). 1800 N.Z. Refrigerating (10s paid). 200 Christchurcn Gas (10s paid). 200 Dunlop Rubber. 100 Mount Lvell. 1750 Bell Kilgour. 400 Big River. 200 Gillespie's Beach. • 500 Golden Point. 5000 Lawson's Flat (Is paid). 1000 Mahakipawa. ;;00 Nokomai. New Zealand Government 4 per cent, stock, due 1946, had dealings at £IOO 15s, markets closing 5s on either side. Commercial B«nk of Australia ordinary cum dividend were firm with dealings and further buyers at 16s sd, I sellers at 16s 6d. National Bank of Australasia fully-paid shares moved | up to £l2 17s 6d; the £5 paid changed jhrnds at £G (>s, and there were furthsr sellers at £G 6s Cd, buyers at £6 ss. Bank of Australasia realised £ll, and more were wanted at £ll 0s 6d. Bank of New Zealand were firmer with dealings at 48s 3d, 40s 4d, and 48s Od, sellers staying in at the highest price, buyers at 48s 3d. Buyers of Union Bank of Australia cum dividend again moved up to £8 18s, sellers at £8 19s 6d. Dalgety and Company shares showed recovery with dealings at £9 6s 9d and £9 7s. and these were buyers' and sellers' closing quotations respectively. Goldsbrough. Morts were firmer with buyers and business at 27s lid. P. and O. deferred stork changed hands at 235, and late offers of 24s failed to attract sellers. New Zealand Refrigerating 10s paid shares moved up to 6s 6d, with further buyers at that price, sellers at 6s 8d; the fully-paid realised 15s 7d. Buyers of Canterbury Frozen Meat raised their bids to £9, sellers at £9 2s 6d. Kaiapoi Woollens preference were firmer on buyers' oflers, 12s. Christchurch Gas 10s paid had dealings at 13s, market closing 13s buyers, 13s 3d sellers. Tooths Brewery shares hardened to 38s 6d buyers, 39s 0d sellers. Dunlop Rubbers appeared easier with business at 18s Id and further sellers at 18s 2d, buyers at 18s. Electrolytic Zinc ordinary shares were firmer with buyers at 21s lOd. Mount Lyells were fractionally firmer with buyers and business at 225. Bell Kilgours changed hands at Is and Is o£d, and these were buyers' and sellers' closing quotations respectively. Big Rivers were a shade easier with sellers and dealings at Is 4Jd. Gillespie's Beach remained unaltered with buyers and business at Is 6Jd. Golden Points were placed at ljd, and more were wanted at that figure, sellers at 2<d. Lawson's Flat (Is paid) relapsed to Is 3d, sellers staying in at that price, buyers at Is 2Jd- Mahakipawas were firm at 2d, market closing id either way. Nokomais relapsed to 4s. Waihis were firmer on buyers'! offers, 225. !

Unlisted Stocks. Aotearoa Gold Prosnecting changed hands at 2s 4d, closing quotations Id on either side. Bell Hoopers were firm at lid and Hid. LATEST QUOTATIONS. I N.Z. Government Debentures. Buyers. Sellers. £ s. d. £ s. d. 3.', p.c. Ins., 1938-43 99 17 G 3.1 p.c. Ins., 1939-43 "and 1939-52 .. 99 15 0 4 p.c. Ins., 1940 .. 101 0 0 4 p.c. Ins., 1946 .. 100 10 0 101 0 0 4 p.c. Ins., 1949 ..100 5 0 101 0 0 4 p.c. Ins.. 1955 .. 100 5 0 101 0 0 4 p.c. Bonds, 1940 101 2 6 4 p.c. Bonds, 1946 101 0 0 11 p.c. Bonds, 1949 100 17 6 Other Debentures. Wair.iairi County, 5v p.c. 1951 .. 100 0 0 100 10 0 Springs-Ellesmere, 5' { p.c, 1958 .. N.Z. Refrig., iU ! p.c, 1935 ..100 0 0 Gisborne Sheepfarmers, 6r. p.c, 1 1941 .. 75 0 0 90 0 0 j Hanks. Adelaide .. 5 10 6 6 12 6 Australasia .. 11 0 6 U 3 0 I Com. of Aust. (cum div.) 0 16 5 P 16 6 Com. of Aust. (pref. i cum div.; .. 8 16 6 9 2 0 Comm. of Sydney 16 12 6 16 19 0 E.. S„ and A. .. 5 0 6 5 16 Natl, of A'asia (£lO paid) .. 12 12 0 12 19 0 Natl, of A'asia (£5 paid) ..650666 Natl, of N.Z. (cum I div.) .. 3 17 6 3 19 6 New South Wales 32 0 0 32 5 0 New Zealand .. 2 8 3 2 8 6 Union of Aust. (cum div.) .. 8 18 0 3 19 6 Insurance. National .. 0 16 7 0 16 8 New Zealand .. 2 9 9 2 10 0 Standard .. 2 13 0 2 14 0 Loan and Agency. Dalgetv and Co. .. 9 6 9 9 7 0 Goldsbrough, Mort 1 7 11 18 3 Natl. Mort. "A" (ex div.) .. 2 5 3 2 6 0 N.Z. Guarantee Corporation .. 0 5 9 0 6 1 United Bldg. Soc. 0 17 0 0 17 4 Shipping. Huddarf. Parker 1 11 0 P. and O. Dcf. Stk. 14 0 Frozen Meat. Canterbury .. 9 0 0 9 2 6 Canterbury (prof.) 5 2 6 Gear .. 113 0 N.Z. Refrig. (£1 paid) .. 0 15 7 0 16 0 N.Z. Refrig. (10s paid) .. 0 6 6 0 6 8 Woollens. Kaiapoi (17s paid") 0 6 6 I Kaiapoi (7s paid) 0 16 Kaiapoi (pref.) .. 0 12 0 0 16 0 Mo:;iel .. 8 7 6 Wellington (ord.) 5 0 0 Coal. Grey Valley .. 0 13 6 0 17 0 Westporl .. 0 12 0 0 13 3 Kaitangatu .. 10 3 Gas. Auckland (cum div.) .. 13 0 14 0 Christchurch . . 1 G 9 17 0 Christchurch (10s paid) .. 0 13 0 0 13 3 Breweries. New Zealand (cum div.) .. 1 13 6 1 13 11 Staples .. 16 0 16 9 Timaru (7s 6d pd) 0 4 1 0 4 6 Tooths .. 1 18 6 1 19 0 Miscellaneous. Aust. Paper and Pulp .. 1 11 6 1 13 0 Anthony Hordern 0 10 0 0 11 3 Australian Glass 2 7 9 2 10 0 Beath and Co. .. 15 6 18 0 Beath and Co. (Is paid) .. 0 4 3 0 5 0 Beath and Co. (pref.) .. 1 0 S 15 0

Buyers. Sellers. £ s. d. £ s. d. British Tobacco .. 113 9 115 0 Broken Hill Prop. 113 9 Colonial Sugar .. 56 10 0 57 10 0 D.I.C. (10s pd.) .. 011 0 D.I.C. (pref.) .. 019 9 Dunlop Rubber .. 018 0 018 2 Electro. Zinc (ord.) 1 110 12 2 F.l-ctro 7. n- fr,r*f.) 11l 9 11° 3 Henry Jones Co-op. IM7 0 118 0 Howard Sm.ih .. fifeTJ C 01' 0 Kauri Timber .. fTI2 9 014 0 New Colosseum .. Mount Lyell .. 12 0 12 2 N.Z. Drug Co. .. 3 4 9 3 5 6 N.Z. Farmers' Coop., 41 p.c. stock, 1940 " . . 62 0 0 69 0 0 N.Z. Paper Mills 1 5 9 N.Z. Newspapers 15 9 17 0 Northern Roller Milling .- 16 0 110 0 Victoria Nvaiv.a Sugar - - 0 16 0 Whitcombe and _ i Tombs . . 3 2 3 Wilson's Cement . . 1 13 3 Woolworths <N.Z.>, pref. 1 17 0 119 0 Woolworths (Sydney), pi ef. £lpd. new .. 14 10 Woolworths (Victoria), pref. .. 1 410 15 6 Mining. Alexander (13s 6d paid) .. 019 4 1 010 , Big River .. 0 1 31 0 1 4! Bell Kilgour .. 0 10 0 1 0| Blackwater .. 15 9 1 511 Central Shotover (9d paid) .. 0 1 U 0 1 3 Cornish Point .. 0 0 5J 0 0 6 Freshford .. 0 010 0 11 Gillespie's Beach (9d paid) .. 0 1 61 0 1 7 Golconda <6d pd.) 0 14 Golden Dawn .. 0 111 0 2 2] Golden Point .. 0 0 11 0 0 21 Kildare .. 0 2 1 0 2 3 King Solomon .. 0 110 0 2 0' Lawson's Flat (Is paid) .. 0 1 1\ 0 1 3 Mahakipawa .. 0 0 1?. 0 0 2} Nokomai .. 0 310 0 4 0" Okarito .. 010 10 011 0 Waihi .. 12 0 Waiht Grand Junction 0 3 6 0 3 8 Waitahu (4s Cd paid) .. 0 ClO 0 7 0;

UNLISTED STOCKS. All transactions in stocks quoted in this section are subject to double rate of brokerage and are not quoted on the official list. Buyers. Sellers. £ s, d. £ s. d. Aotearoa Gold Prospecting .. 0 2 3 0 2 5 Bell Hooper .. 0 011 0 10 Bell Hill .. 0 210 0 3 0 Charleston Sluic. 0 13 0 1 10* Invest. Ex. Trust (B debentures) 77 0 0 87 10 0 Industries, Ltd. (12s 6d paid) .. 0 i) 6 Maerewhenua (6d paid) .. 0 0 4 0 0 5 Mining House Con. (3d paid) 0 0 "> (.) 0 6 National Tobacco 2 It) 0 3 16 Snowy River (5s paid) .. 0 3 3 0 3 4 Coulls SomcrviJle and Wilkie Were's Investment Trust (5s paid) 0 4 9 Wetherstones (3s paid) 0 16 0 3 9 Waikouaiti Racing Club, 7 p.c. dcb„ Dec, 1935 -- 100 0 0 Sales. 1300 Aotearoa Gold Prospecting (5) 0 2 4 400 Bell Hooper .. 0 0 11 300 Bell Hooper .. 0 0 Hi YESTERDAY'S SALES. CHRISTCHURCH. bales on 'Change. £ s. d. N.Z. Govt., 4 p.c. Inscr., 1946 100 15 0 Bank of Australasia .. 11 0 0 Comm. Bank of Aust. (cum div.) .. (2) 016 5 National Bank of Australasia (£lO paid) .. 12 17 6 National Bank of Australasia (£5 paid) .. 6 6 0 Bank of N.Z 2 8 3 2 8 4 (2) 2 8 G Dalgety and Co. ..969 9 7 0 N.Z. Refrig. (10s paid) (5) 0 6 G Goldsbrough, Mort .. 1 711 Christchurch Gas (10s paid) .. (2) 013 0 Dunlop Rubber .. 018 1 Mount Lyell .. .. 12 0 Bell Kilgour .. (2) 0 1 0 0 1 0J Big River .. (2) 0 1 4A Gillespie's Beach (9d pd.) 0 16* Golden Point .. .. 0 0 1J Lawson's Flat (Is paid) (3) 0 13 Mahakipawa .. .. 0 0 2 Nokomui .. (3) 0 4 0

Sales Reported. N.Z. Govt. 4 p.c, Inscr., 1946 100 15 0 Comm. Bank of Aust. (cum div.) .. (2) 0 16 5 P. and O. Deferred Stock .. 13 0 N.Z. Keirig. (£l paid; .. 0 15 7 AUCKLAND. Sales on 'Change. £ s. d. Stock, 3.', oer cent., 1939-43 100 0 0 Stock, 4 per cent., 1946 .. 100 15 0 Com. Bank of! Australia .. 0 16 41 (2) 0 16 5 National L.auvaiice .. 0 16 7 New Zealand Insurance <1) 2 10 0 Farmers' Co-op. A act. (B pref.) .. .. 0 14 0 National Mort. .. .. 2 ;j (J New Zealand Guar. Corp. 0 6 0 Taupiri Coal .. .. 0 16 6 Kauri Timber .. .. 0 13 1 New Zealand Breweries .. 1 13 6 Staples Brewery .. 16 9 Colonial Suwr .. 57 0 0 Wilson's Cement (2) 1 13 3 Alexander .. .. 10 6 Big River .. .. 0 15 Golconda .. .. 0 0 11 Waihi 12 1 12 3 (2) 12 4 Waihi Junction .. .. 0 3 6 0 3 7 Mount Lyell .. .. 1 1 11 12 0

WELLINGTON. Sales on 'Change, £ s. d. Government bonds, 4 per cent., 1955 .. .. 101 2 6 Com. Bank of Sydney (2) 16 18 0 E., S., and A. Bank (2) 5 10 Bank oi New Zealand ~ 2 8 3 Union Eank .. •• 813 0 Goldsbrough, Mort. .. 18 0 New Zealand Insurance .. 2 10 0 Comm. Bank of Australia (2) 016 4 South British Insurance .. 3 7 6 New Zealand Breweries .. 1 13 9 New Zealand Drug .. 3 4 9 Wilson's Cement .. 113 0 DUNEDIN. Sales on 'Chance. £ 5. A. National Bank of New Zealand (cum div.> .. a 1" 0 Westport Coal .. .. 013 0 Bell, Kilgour .. (4) 01 0 gales Reported. Kaitangata Coal (3) 1 1 ft Golden Point .. .. 0 0 U 4 per cent, stock, 1940 .. 101 0 0 4 per cent, stock, 1946 ~ 100 15 0 SYDNEY. On the Sydney Stock Exchange yesterday business continued to embrace a wide range, and the market was buoyant. Commonwealth loans were much firmer. Morning; gales. £ s. d. Commonwealth bonds, 4 per cent.— 1938 102 16 3 1944 104 2 6 1950 105 5 0 1953 105 5 0 Bank of New South Wales 31 15 0 Australian Gas A .. 7 4 0 Tooth's Brewery . • - • 119 73 Associated Newspapers .. 0 8 6 Associated Newspapers (pf.) ' 0 18 4* Broken Hill Proprietary .. 1 14 4J Dunlop Perdriau .. .. 018 0 Colonial Sugar ~ .. 57 12 6 Henry Jones .. ..f 1 18 6 Morris Hedstrom .. .. 017 0

1 Afternoon Sales. Bank of New South Wales 31 17 6 Coram. Bank of Sydney .. 17 1 0 Union Bank .. -. 9 2 6 National Bank (£5 paid) 6 7 0 Colonial Sugar .. .. 57 18 0 Associated Newspapers .. 0 8 7 Associated Newspapers (pi.) 018 6 Anthony Hordern .. 010 0 Berlei (contributing) .. 0 13 6 Dunlop Perdriau .. .. 0 18 6 Goldsbrough, Mort .. 18 6 Morris Hedstrom .. .. 017 0 Henry Jones .. -. 118 6 Electrolytic Zinc .. 12 4 Commonwealth Wool ~ 016 3 Tooth's Brewery ~ .. 119 7$ Toohey's Brewery .. 14 0 Standard qement ~ 014 9 Winchcombe Carson . < 17 0 Wilcox Mofflin .. .. 0 7 8 Broken Hill Proprietary .. 114 0 South Broken Hill .. 2 17 6 Commonwealth bcnde. 4 per cent. — 1938 .. .. .. 102 17 6 1941 103 11 3 1944 .. .. .. 104 7 6 1947 .. .. .. 104 15 0 1950 .. • - 105 10 0 1953 .: .. 105 5 0 1955 .. -. .. 103 17 6 1957 104 7 6 1959 .. ,- .. 105 7 6 1961 .. .. .. 105 7 6 MELBOURNE. £ 8. dComm. Bank of Australia 016 9 Goldsbrough, Mort ... 1 8 % Herald and Weekly Times 2 4 9 Electrolytic Zinc .. .. 12 3 Mount Lyell .. •- 1 2 45 7i'aranaki Oil •• ..025 FOREIGN EXCHANGES. (BRITISH OrnCIAL WIHEUS6B.) BUGBY, July 10. Par. July 0. July 10. Faris, fr. to £1 124.21 85 845 New York, ' , „, dol. to £1 4.866 4.73 4.791 Montreal, do!. to £l 8.866 4.03J 4.99J Brussels, bcljas to il 35 23.81 23.82J Gencvca, It. to £1 25.2215 17.18J 17.12J Amsterdam, fl. to £1 12.107 6.24 8.23 Milan, liro to £1 8.54 62 11-16 62 9-16 Berlin, reiolimarken to £1 20.43 13.901 15.901 Stockholm, kr. to £1 18.159 19.57J 191 Copenhagen, kr. to £1 18.159 22.89 22.40 Oslo, kr. to XI 18.109 19.90 19.90 Vienna, sclu. q . to £1 34.585 30 30 (uoni.) (nom.)

Prague, kr. to £1 104.25 112 i 11C llcl>incfn«, marks to ?l 193.28 226J 226J Madrid, pesetas to £1 25.2215 39J 392 Lisbon, esctidosto£l 110 110 110 Athens, dracli to £1 375 5-30 590 BuchurcM, lei to £1 81S.0 505 065 Belgrade, dinnr? 25.2215 Rio do Jomiro, Jien.'.o to roilrcis .. 4,892 41 4 (nom.) (nom.)

Buenos Aires, pence to dol. 45.577 40 42 (ciTtcin!)

Montevideo, pence to dol. 51 ."4 ;i4 (nom.) (uoin.)

Bombny, pence to rupee 19 18 1-16 18 1-10 Shanghai, ponro

to dol. * 15 1-16 15 Hong Konfr, pence to dol. * 16 23-23 16| Yokohama,

penco to yon 24.58 15 14J Warsaw, par zlotystoil 43.36 —> Batavia, guilder 15.107 ♦Determined by price of ailvtr.