COMMERCIAL

Greymouth Evening Star, 26 February 1937, Page 8

COMMERCIAL

SYDNEY WOOL SALES.

[BY CABEE-—PRESS ASSN.—QOPTBIGHT.] x SYDNEY, February 25. At the Sydney wool sales 12,165 bales were offered and 11.42 • , 1085 being disposed o£ privately, feature to-day was the keen demand for choice fine wools. Yorkshire buyers were the largest operators. Greasy merino made 33|d. The market ruled at the best point of the week.

GOLD AND EXCHANGE. LONDON, February 25. Gold 142/2Sd, dollar 488 15-16, franc 105 t BUTTER AND CHEESE. LONDON, February 25. Butter: Slow. Danish 118/-, choicest salted New Zealand and Australian 88/and 89/-. Unsalted, Nexv Zealand 92/-, 94/-, Australian 92/-. Cheese-Quiet: New Zealand Nvhite and coloured 54/6. Australian 52/6, 53/-. PRICE OF CANADIAN FLOUR. DUNEDIN, February 25. Dundin bakers received an unwelcome surprise to-day when the announcement was made by the Wheat Committee that the price of Canadian flour would be raised from £l6/19/b to £lB/10/-, an increase to take ettect immediately. The flour has been available to bakers at the former price since the Wheat Committee began importing Canadian wheat six months ago, the object at that time being to give additional work in the milling industry and also to secure the by-products, bran and pollard, which were lost when it was the custom to import flour from Canada. The increase, according to a Dunedin baker, will represent a substantial sum a month in the cost of bread production.

STOCKS AND SHARES. CHRISTCHURCH, February 26. Sales: Bank of N.Z. 44/- (3), N.Z. Breweries 59/10 (2), 59/9, Anthony Hordern 20/9, Broken Hill Propty. 88/- (2), Dunlop Rubber 19/-, 18/11, G. J. Coles £5 10/-, Hume Pipe (Aust.) 21/3, Wilcox Mofflin 12/7, Woolworths (N.Z. ord.) £7 8/-, Skippers 3d (2), Mount Lyell 52/9 (2), 53/- (2), 52/11 (2), 53/-, .53/1 (2), Rawang Tin 13/3, 13/4, 13/5, 13/6. Reported: Waihi Investments (late sale 25th) 14/7Jd, New River 7d. Reported: Reece Ltd. (pref) 2/-.

AUCKLAND, February 26.

Sales: Mt. Morgan 18/3, Dunlop 19/1, 19/-, Mt. Lyell 53/-, N.Z. Insurance 60/9, Coles £5 11/-, Woolworth’s (Sydney) £8 \ll/-, Westralia £7 6/-, Loan Mercantile £45, Fullers Debs 6£ £72 10/-. Sales, noon: Taranaki Oil 3/6, Commercial Bank 19/4, Bank of New Zealand 44/-, Mount Lyell 53/3, 53/6; E. S. and A. Banlc £ 6/9/-, Mount Eden 1942 £lO3.

WELLINGTON, February 26.

Sales: Coles £5/10/9,' £5/11/-; McDuff (pref.) 23/-, Mount Lyell 53/6 ; 53/9, 53/-; Mount Morgan 18/3, National Bank - of Nexv Zealand 61/9, Bank of New Zealand 44/1, New Zealand Refrig. (10/-, paid) 8/7; Kaiapoi Woollen 14/1, Hume Pipe 21/1. DUNEDIN, February 26.

Sales, late yesterday: Kaiapoi Woollen pref. 17/-, Electrolytic Zinc ordinary 63/9, 63/6, 63/8; Mount Lyell 52/9, Placer Development £5/1/-, Rawang Tin 13/8, Gillespie’s 1/51. To-day: P. and O. Deferred 41/-, Associated News pref. 23/9, Broken Hill Proprietary 88/3, G. J. Coles £5/11/-, Cox Bros. 76/3, Standard Insurance 57/9, Woolworth’s (N.Z. ord.) £7/8/3, Mount Lyell 53/3 (2), 53/6; Mount Morgan 18/4, 18/3; Rawang Tin 13/6, Government stock (1952-55) £lO2/15/-. SYDNEY, February 26.

Sales: Commercial Bank of Sydney 23/-, Commercial Bank of Australia 19/7B London delivery, Bank of New South Wales £37/15/- London delivery, Toohey’s 37/10J, Associated News 24/4J, ditto pref. 23/7£, Australian Iron Steel pref. 27/10J, British Tobacco 52/6, Broken Hill Proprietary (new) 77/6. WORKSOP DREDGE. The W’orksop dredge wash-up showed a return of 686 z. of gold from 12,600 yards of material dredged in 135 hours. _