COMMERCIAL

Greymouth Evening Star, 6 September 1938, Page 8

COMMERCIAL

SYDNEY WOOL SALE. [by CABLE —PBISS ASSN. —COPYBIGHT.] (SYDNEY. September 5. At the wool sales to-day 12,021 bales were offered, of which 10,520. were sold and 131 S disposed of privately. Competition to-day was- a- little more general, with prices firm at the closing rates of last week. Continental buying again predominated, with, good support-from Japan. Greasy merino made 16d. The average price, of wool last week was £l2/11/3 a hale and 9.4 d per lb. LONDON MARKETS. LONDON, September 4. The beha viour of London markets in a critical week commended general admiration. The machinery of business functioned normally, and there was not the slightest difficulty in dealing with the majority of investors. Gilt-edged was the only section of the market in which business was substantial, but the small extent of the declines indicates widespread confidence that there will not be a war, though there is no disposition to minimise the gravity oi the crisis. The technical position in London at present is exceptionally sound, and there is no doubt that a clarification of the international situation will lead to a rush of funds for investment, especially as the evidence indicates that the United States recovery is gathering momentum. Bradford is gratified at the strength of the French and German demand at the Australian wool sales, and Bradford merchants are satisfied with wool at its present reasonable basis. Butter is slightly harder, but there is little activity. New Zealand stocks are definitely in short supply and the strength of them is assisting other descriptions, but it is still difficult to make higher prices. Canadian shipments are arriving on a consignment basis. Prospects for eggs appear favourable. Home and Continental production is falli’ off rapidly.

ARAHURA FAT CATTLE SALE. W. Jeffries and Co. report an excellent clearance at the fortnightly sale held at Arahura yesterday. The yarding was rather in excess of previous pennings, a total of 115 head coming forward, and these for the most part were of splendid quality. Competition from a. good 1 attendance of buyers was rather slow at the commencement of the sale, but in the final stages a, decided increase in prices was noticeable. Prices were from par to 10/- per head in advance of the last sale. Our entry totalled 80 head and sold as follows:—For Gibb Bros., 1 bullock £l7/2/6, 2 bullocks £l6/2/6, 5 bullocks £l5/12/6, 4 bullocks £l5 7/6, 6 bullocks £l5/2/6, 6 bullocks £l4/12/6, 6 bullocks £l4/2/6, 3 bullocks £l3/17/6, 4 bullocks £l3/12/6, 2 heifers £l2/12/6, 4 heifers £l2/7/6, 2 heifers £l2/2/6, 4 heifers £ll/17/6, 2 heifers £ll/12/6, 2 heifers £ll/2/6. 2 heifers £ll/7/6, 1 cow £l2/7/6, 1 cow £l2/2/6, 2 cows £lO/12/6, 1 cow £ 8/12/6. For T. Ford, 2 bullocks £1?. 1.76, 1 cow £9/7/6. 3 cows £B/7/6, 2 cows £7/12/6, 2 cows £7/7/6, 5 cows £6/17/6, 3 cows £6/7/6.

STOCKS AND SHARES. WELLINGTON, September 6. No morning sales. Reported: National Bank of New Zealand £2/12/3, Commercial Bank 16/1, Dunlop Rubber £l/1/1, Otago Daily Times £2/5/6, Broken Hill £2/17/5. Overseas Listings: Woolworth’s Holdings 15/2. Unofficial List: Woolworth’s Properties (10/- paid) 14/1. Sales, noon call: New Zealand Insurance 56/6. CHRISTCHURCH, September 6. Sales: Broken Hill Proprietary (Contr.) 38/11, Taranaki Oilfields 12/6, Woolworth’s (Sydney, Ord,) 20/9 (2), Woolworth’s (South. Africa) 15/4. Sales Reported: C.F.C.A. 41 per cent. (21/4/42) £9G/10/-, National Bank of N.Z. 52/-, G. J. Coles 79/-, Woolworth’s (South Africa) 15/4. AUCKLAND, September 6.

Sales, 10 o’clock call: English, Scottish and Australian Banks £5/3/6, Carlton Breweries 62/6, Dunlop 21/1, Morts Dock 12/-, Peters Ice 24/-, Woolworth’s Holdings 15/2, Electrolytic Zinc (pref) 45/3, Stock September 3932 35 per cent. £lOO/2/6. 12.15 o’clock call Australian Glass] 92/9, Henry Jones 49/3, Robinson Ice 24/-, Stock March 39-43 31 per cent. £lOO/2/6., DUNEDIN, September 6. Sales, Bank of N.Z. £2/2/-, Australian Glass £4/12/6, G. J. Coles £3/19/-, Woolworth’s (Syd.) £l/1/-, Woolworth’s Properties 14/-. MINING RETURNS. RIMU DREDGE. HOKITIKA, September 6. Rimu dredge return 267.050z5. for 135 1-6 hours, 64230 yards treated. CLUTHA.' DUNEDIN, September 6. Clutha River washup:—l6sozs for 141 hours. MATAKI RETURN. I AUCKLAND, September 5. The. Mataki return for the week ended September 4 was 26 ounces for 105 hours’ work and 7200 yards.