COMMERCIAL.

Gisborne Times, Volume LXVIII, Issue 10733, 2 November 1928, Page 2

COMMERCIAL.

UNUSUAL,-LOAN

CITY OF SAARBRUCKEN BONDS ISSUE OF £1J)CO,000 OVERSUBSCRIBED IN LONDON iD”it.lah Official Wireless.) RUGBY, Oct. 3r. An interesting issue of capital has been successfully floated in London. This is the issue of £1.000,000 in 6 per cent, bonds of the City of Saarbruckeu at 94 per cent. The issue has been oversubscribed. The Government of Saarbrucken. which is the capital of the Saar basin territory, is entrusted under the Versailles Treaty to a commission appointed by the Council of the League of Nations. There are no liabilities for war debts, reparation payments, or payments under tho Treaty of Versailles or the Dawes plan, ’ and the territory is subject to its own territorial taxes only.

STOCK AND SHARE MARKET

WELLINGTON. Nov. 1. Reported sale: Comercial Bank of Australia, ord., 30s sd. CHRISTCHURCH, Nov, 1. Sales on Change: Commercial Bank of Australia, 30s 2d; Bank of New Zealand, 61s 6d; Colonial Sugar £63.; Victoria Nyanza Sugar, 43s 9d; Mahakipawa, Is 4d (4). WHEAT MARKET. Onited Press Assn, by El. Tel. Copyright (United Service.) LONDON, Oct, 31. The demand for wheat cargoes is quiet and occasionally 3d lower. Parcels are quiet in inquiry with a similar decline. Liverpool futures— December 9s 4|d, March 9s 4£d, Ma\ 9s -lid. LONDON TALLOW MARKET Messrs Dalgety and Co., Ltd., have received the following cable from their head office, London, dated Oct. 31: The London tallow market is quiet, and prices are unchanged.

LIVE STOCK MARKET. STORTFORD LODGE SALE. The Hawke’s Bay stockbrokers report holding their weekly sale at Stortford Lodge salevards on Wednesday, when they ottered for sale a fair yarding of cattle and a small yarding of sheep. Prices for store cattle showed an improvement, while fat cattle were slightly easier. Prices ranged a.s under:—Fat bullocks £ls to £ls ss, fat heifers up to £ll ss, fat cows £lO to £l2 os. ■i and 5-yr bullocks £l2 10s to £l3 fls, 2-yr steers up to £9 15s, yearling steers £7, yearling heifers £5 to £5 6s, dairy heifers up to £8 2s fid. fat ewes (shorn) 2-5 s to 27s lOd, fat ewes’ in wool 38s to 395. wether hoggets up to 33s fin, shorn 2-tli wethers 26s 7d, shorn 2-th owes 27s 3d.

AUSTRALIAN PRODUCE MARKET rtpjted Prefi Agsn. by El. Tel. Copyriun) (Australian Presa Association.* (Received Nov. 1. 55 p.m.) SYDNEY, Nov. 1. Wheat, ex trucks Sydney 4s Bd. at country stations 4s Id; flour £l2; bran £6, pollard £6; oats, Algerian 4s 9d, white 4s 8d ; onions, Victorian, brown £lB, silvers lei ns £l6; potatoes, Tasmanian £8 10s, Clarence River, ndw £l2. ADELAIDE, Nov. 1. Wheat, growers’ lots 4s BJd to 4s 9d: flour, bakers’ lots £ll 15s; bran £6 10s; pollard £7 2s Get; ots 3s 3d MELBOURNE HIDES MARKET United Prem Assn, by El. Tel Copyright (Australian Press Association.) (Received Nov. 1, 11.25 p.m. ) MELBOURNE. Nov. 1. At the hides market, kips and badly conditioned parcels were a farthing lower, but others were verv firm.