COMMERCIAL

Grey River Argus, 15 June 1931, Page 8

COMMERCIAL

AUSTRALIAN BONDS.

(Aus. & N.Z. Cable Assn.) LONDON, June 12.

Australian stocks have hardened further, notably Victorian 5 per cents, where dealings have been recorded: at £65. New South Wales 3| per cents, ecld at £45.

SYDNEY, June 13. Commonwealth bonds are declining heavily, pending the announcement re-

garding the incidence of the conversion loan on individual issues. Prices fell as much as 70/-. LONDON, June 12. SevOral big chain-stores are announcing they arc not selling Russian butter, following housewives’ deeprooted objections. OTTAWA, June 12. Messages from Saint John (New Brunswick), s tate that exports of New Brunswick products to New Zealand have been seriously curtailed a s the result cf the withdrawal of the British preference. Thei manufacturers and exporters claiming to be partlcuIla/ly affected are fishery products, confectionery and brushes. RUGBY, June 12. Trade returns for the.month of Mav show a. slight increase in. the value of exports as compared with those of April and March, but as compared with the returns in May last year, heavy decreases for both imports and exports were recorded. Imports for the month valued at £69,600,000, were lower by over £21,000,000 than those for May last year. Exports valued at showed a decrease of £20.000,000. The reduction in values, owing to the world-wide slump,, is to a large extent responsible for the decireaset A significant feature of the figures is the considerable expansion on the mouth in the value of ctxport s of vehicles, including locomotives, motor cars, ships, and aircraft, which risen from £2,400,000 to £4,300,000.