COMMERCIAL

Greymouth Evening Star, 13 May 1927, Page 8

COMMERCIAL

— N.S. WALES LOAN.

(Australian & N.Z. Cable Assn.)

SYDNEY, Maj’ 12.

The Executive Council authorised the flotation of the redemption loan of eleven millions sterling at 5?. per cent at £99, the negotiations for which were recently completed in London by Mr M’Kell.

HIDES MARKET.

MELBOURNE, May 12

The hides market is irregular. Heaviest declined by a halfpenny and medium by a farthing. Kips and lights are very firm.

GRAIN AND PRODUCE. MELBOURNE, May 13. Wheat quiet, with buyers cautious, to 5/7. Flour £l2 15/ and £l3. Oats, milling 4/3, feed 3/11 to 4/. Barley, English 4;3 to 4/4. Potatoes £4 10/ to £5. Onions £3 5/ to £3 10/. MOTORMAN’S BANKRUPTCY. DUNEDIN, May 11. About fifty creditors this afternoon attended the meeting in the bankruptcy of William Lawlor Shiel, motor garage proprietor, Dunedin. The total debts amounted to £42,764 3/5, the assets to £21,891 3/7, and the deficiency to £20,872 19/10. The total amount of debts to creditors holding securities was given as £12,703 16/6, and to unsecured creditors £24,763 6/11. There were over a hundred and fifty unsecured creditors. Bankrupt stated that' among other circumstances which brought about financial difficulties were the loss of £BOO on a shipment of tyres, and the necessity to write off £5OOO on sec-ond-hand cars. After bankrupt had been examined at length the meeting was adjourned for a week to allow him to make an offer. STOCKS AND SHARES. AUCKLAND, May 13. Sales: New Waiotahi ninepence. Reported: Bank of New Zealand (5/- paid) 1 10/6, South Bifftish £5/4/3. Auckland Gas (Con.) 15/-, Northern Steam 13/9, War Loan 1936 £lOll. DUNEDIN. May 13. Sales: Upper Nevis part to 3d. discount. Reported: Bank of New Zealand 60/3. WELLINGTON, May 13. Reported sales: 41 per cent, inscribed stock 1938 L 96 —15/-, Donaghy’s rope and twine 33/- ex div. PEDtIGREE SALE POSTPONED. The auctioneers, Dalgety and Co., Ltd., and the New Zealand Loan and Mercantile Agency Co., Ltd., announce that the sale of 30 high-class pedigree cows, heifers and bulls at Mr J. Hunt’s farm, Richmond, has in the meantime been withdrawn.