NEW YORK STOCK EXCHANGE

Press, Volume LXXXII, Issue 25021, 1 November 1946, Page 8

NEW YORK STOCK EXCHANGE

RALLY IN LAST HOUR I OF TRADING MODERATE GAIN IN ml I GROUP I | (Rec. 8.30 p.m.) NEW YORK, I Financial stocks on the Stock SOME. I rallied in the last hour of tradings I list finished virtually unchanged with® ’ railroads group showing moderate Ctkß A last hour rush to buy resulted turnover of 620,000 shares for the mAm and a total • turnover for the div Ml 1,940.000 shares, compared with on the previous day. The rally in gaW is considered due to a report thitM Government would support cotton priM Earlier the market declined one to Ml points, apparently as a sequel to the sffl pension of trading on the major con exchanges. Brokers said that tl* hoK fail in the price of raw cotton acted curb on the demand for stocks. fl| midday there was a flurry of selling, MB thereafter trading slackened. SomejnMH rallied, particularly steels. gd After a telegraphic survey of the qg| ton situation throughout the covntnM was announced that the New YorkJM ton Exchange and undoubtudly cM| exchanges- will reopen to-morrow aqR The New York Exchange's bo»rdM managers said it had found no undue gestion of cotton which would an! sharp market break. Js Trading was suspended on flit exchanges in New York and New OiWg to prevent panic selling and to calm survey of the. situation..TAlftqg the statistical position of oottoa tt qg ourable in relation to supply and MfiK the disruption of cotton tradinfln »M fortnight is unprecedented, rrtcalw fallen by 50 dollars for a bale of RK*® mately 5001 b. On October futures for December realised 39.13 but at the closing yesterday the RL»_ receded to 29.15 cents. | CUSTOMS RETURNS! / Customs revenue collected at (SHM church last month amounted to an increase of £13,929 on the tow®® October, 1945. Revenue received the seven months which ended yeraWiM totalled £2,765,748. showing a subs«W. rise of £544,542. The main focreMWg I in general customs duties. The returns for last month toms duties, £138,881 (£9>,l3>|yJ duty, £58,700 (£54.482): petrol « I £26,101 (£20,422); tyre duty, £»» | sales tax, £143.323 (£185,721); HgM* I £469 (£461); export levies (WOOK I (£190); (hides), £1046 (£560); 1 laneous, £254 (£57). ... Totals for the seven-monthly F which ended yesterday were duties. £927.177 ( £653,331); . beer ’ £318,072 (£301,181); P e T*L £ £163,133 (£119,362)- tyre duty. (£2); sales tax. £1,342.284 (£IJ • E light dues. £3892 (£3418): g (wool), £5981 (£1661); <h>d« i (£3605); miscellaneous, £(®2 (* ltw ' - AUCKLAND, . Revenue collected by the Cusw partment in October amounted w* an increase over that of Octoo«. of £15.051. For the first 10 the year total revenue collected ■* land amounted to £9,851.520. •» £7,791.913 for the correspondHßg of 1945. Revenue collected In [S' with the figures for October, parenthesis. was: (£274,203); motor spirit. £74,1W« t 7j tyres. £284 (—): excise on.beer. (£84.464); sales tax. £326.971 The 10 months figures on the of comparison are: customs. « (£2.623.379); moto) WL/rf ( £ 519.884); tyres. £P. 626 (£!»»». , on beer, £747.069 (►£ 664.048), I £4.715.844 (£3.983.400). DUNEDIN Customs figures for October. figures for last October in Fga K, were:—net customs, £9My EL beer excise. £83.106 (£90.385); w*. £91.089 (£117,700); Pold duty. (£1763); petrol tax. £13,290 l***” SHAREMARKET INDIC® New York.—Dow Jones (I* *! 1 100). 1039. Highest (Sept.). „ Industrials. 151.22. Lowest (Apnu 24.15; industrials. 121.4. gy

BRADFORD WOOl L According to advices fr®"*the wool sales there to-mOff®Tj day are commanding because the temporary ’fT. Australian selling is believed D suited in the transfer of order* S laced in Australia by Britt® rms. One hundred thousand be offered on the second r iHMM claimed to be a world- rec °^,t r > on W of wool auctioned in on* cen one day. Rlmn Gold Dredge.— The return clean-up period from tcrber 29 was 144.55 ounces ■ yard* in 127 hours.

Rails. India .jJF July 31 61.86 201.M :«■. Aug. 30 57.29 Sept. 4 52.24 176.72 Sept. 30 47.72 172.42 October 1 47.46 17147 sn October 8 46.32 167.34 'gZKe October 44 69 October 14 46.86 1695® iSW October 15 49.00 175.94 October 16 48.64 174 35 fan October 17 47.59 17! 70 ‘gfiK October 22 47.68 171.25 jam October 30 46.64 164.20 London.— "Financial Times" T equals 100) — Govt. Rails. July 30 118.6 62.8 Aug 30 118.9 63.5 Sept. 30 119.7 64-3 October *i 119.6 64.5 October 119.6 65.1 IS 3 SB October 14 119.6 66.9 1414 Ml October 15 119.7 67.3 S'.? Sil October 16 119.9 67.2 1S07 >SE October 17 120.3 675 151) 91 October 21 120.4 67.4 gg S p October 30 126.0 685