COMMERCIAL

Greymouth Evening Star, 20 October 1939, Page 12

COMMERCIAL

SYDNEY PRODUCE MARKETS. [by cable— press assn.—copyright.] SYDNEY, October 19. Wheat: Silo grain is quoted at 2/8& and bagged at 2/10J. Other quotations are: —Flour £l2/15, brain and pollard £4; potatoes, Tasmanian £25, others £-16; onions. Egyptian brown, £23; maize, yellow and white, 4/6. SOUTH AFRICAN WOOL SALES LONDON, October 19. In South African wool sales, during week ended October 14, 15,281 bales were offered. Japan operated to a limited extent, owing’to the non-existence of credits. Clear scoured from the warehouse averaged: Seventies 10Jd, sixty-fours 28}d. Sixties super 29Jd, ordinary 262 d. BRADFORD TOPS LONDON, October 19. Bradford topmakers are still reluctant to do business, pending the new price schedule. It is expected that the way will be cleared for new civilian trade when rationing operates on November 1. Spinners are similarly reserved. Moderate weights are changing hands at a slight advance. RESERVE BANK RETURN. Reserve Bank advances to the State have increased by a further £500,000 this week. Advances for marketing have risen by £351,300 and those for other State purposes by £150,000 to £17,425,000. The note issue has again increased, this time by £206,282. The level now is £17,203,825. Sterling exchange, at £5,545,212, is £87,948 lower than a week ago and the proportion of reserve to notes and other demand liabilities is fractionally lower at 25.279 percent. Demand liabilities have increased by £171,000 and there has been a small r ise—of £l2,3oB—in the investments total. D.I.C. DIVIDEND. WELLINGTON, October 20. The D.I.C. Company of New Zealand, Limited, has declared a final dividend on preference shares of 21 per cent, for the six months ended August 21, and a final dividend on ordinary shares of six per cent, for the 1 months ended August 20.

BANK OF NEW ZEALAND. WELLINGTON, October 20. The directors of the Bank of New Zealand announce an interim dividend of 1/- per share on ordinary shares, and 33 per cent, on D long-term, payable on December 9. STOCKS AND SHARES. WELLINGTON, October 20. Sales: Four per cent. Stock 1958 £97/12/6. Sales reported: Bank of New Zealand 39/3. Standard Insurance 55/3, Rotoiti Timber 3/6, Australian Consolidated Industries contrib. 13/-, Broken Hill 76/3, Woolworths Ltd., ord 24/7, 24/9. CHRISTCHURCH, October 20.

Sales: Union Bank of Aust. £7/4/9, Zinc (ord.) 60/-, Zinc (pref.) 61/9, Woolworth’s (Syd.) 25/2, 25/-, Rawang Tin 9/9, New River Hid. Reported: Rural Bonds £96/15/-, National Bank of New Zealand 42/6, Zinc (ord.) 61/-. Zinc (pref.) 61/9, Coles 75/-, Mount Morgan (late yesterday) 10/-. WORKSOP EXTENDED The Worksop Extended return for the week ended October 18 is 24 ounces for 121 hours, and 9,500 yards. BLACKBALL CREEK. The Blackball Creek return is 770 z. for 100 hours. MOUNT MORGAN. WELLINGTON, October 20. The Mount Morgan production report for the month ended October 18 states that the estimated production of gold was 6076 ounces, copper 204 tons, ore mined, 73,177 tons.