COMMERCIAL

Greymouth Evening Star, 16 November 1934, Page 8

COMMERCIAL

SYDNEY WOOL SALE SYDNEY, November 15. At to-day’s wool sales, there were 11,229 bales offered, while 9,254 were sold. There also were 2,340 bales privately sold. Good fleece and skirtings were again selling in the buyer’s favour. All other descriptions remained firm at the ftevious day’s rates. Greasy merino made 174 pence. COPPER PRODUCTION. LONDON, November 15. Tho “Financial News” says: Following negotiations between the of copper companies, proposals have been formulated for the establishment of a Copper Shareholders’ Association for the purpose of co-operatively remedying the world over-production. All shareholders will shortly be invited to give their views on an international regulation already enforced by most of the major companies. ADDINGTON MARKET

Sales at the Addington Market on Wednesday, on behalf of West Coast clients included: Fat sheep, Moore Bros (Seaview) 31 at 22/7 to 23/1, and 35 at 15/10 to 19/10. STOCKS AND SHARES. AUCKLAND, November IG. Sales: Rawang 7/6, Gas 27/10, British Tobacco 41/6, Bank of New Zealand 49/9, New Zealand Insurance 70/-, Reserve Bank £6/12/6, Colonial Sugar £74/7/6, Stocks 31 per cent. £lOB, fours, 1940, £lO3/15/-. CHRISTCHURCH, November 16. Change: National Bank Australasia £5 pd. cum. div., £6/4/6, N.Z. Refrig. (10/- pd.) 10/1, Westport Coal (cumdiv.) 19/9 (3), Timaru Brewery (7/6 pd.) 7/9 (5), Australian Glass (cum. div.) 58/-, 58/6, British Tobacco 41/3, 41/4 (2), Electro. Zinc (pref.) 34/9, (2), N.Z. Farmers’ Co-op. (44 per cent, stock 1940) £B7, Woolworths (N.Z.) pref. 40/6, Bell Hooper 41d, Brian Boru 94d, Golden Sands 2/81d. Maerewhenua 41d, Nokomai 3/4, Waihi-Grand Junction 4/7, Worksop extended 3/3 (3); reported: British Tobacco 41/5 (2), 41/6. DUNEDIN, November 16. Sales: Mining House Concessions 2d. Reported: Bank of New Zealand 49/7, Refrigerating (cont). 10/-, Westport Coal 19/9, Milburn Cement 42/6 (late yesterday), Timaru Brewery 7/9, Mosgiel Woollen £ll, ex-Nevis Diesel 44d, Golden Sands 2/8.

RUGBY, November 15. There were further big movements in the quotation of gilt edged securities on the Stock Market to-day. Old Consols 2J per cents, reached 921, -the highest for 30 years, War Loan 3£ per cent, touched 109 1-8. The markets closed with prices well under the best, with War Loan 108 3-8 and Consols 911. MATAKI DIVIDEND. AUCKLAND, November 15. The directors of Mataki Gold Dredging, Limited, which is operating near Murchison, have declared a second interim dividend of one penny a share. The capital of the company is £35,000 in shares of 2/- each.