COMMERCIAL

Grey River Argus, 18 February 1932, Page 8

COMMERCIAL

N.Z. STOCK EXCHANGES. (Per Press Association). DUNEDIN, February 17. .. Sales reported: Bank of New Zealand 44s 9d, Union Bank £7 6s, Union Steam, pref. 20s, New Zealand Breweries 25s 6d, Okarito 9s 6d. AUCKLAND, February 17. Sales: Bank of New Zealand 44s 9d; Colonial Sugar £39 ss; Auckland Harbour 5£ (1943) £97 10s; Newmarket 55, £99 .10s; Inscribed 51 (1937) £99 10s, and £99 7s 6d. WELLINGTON, February 16. Sale: Mount Lyell 20s 4d. VANCOUVER. February 16. • The Australian wheat shipment barred here has been sold to Japan. Local millers sought to use it for pastry flour, hoping to replace with the Australian product the soft wheat imported from the United States, but the Canadian Government imposed a 42 per cent. duty. Millers are planning to urge the Government to clarify the grain certificate situation to admit Australian wheat. Major L. A. Andrews, former Canadian lumber representative, in Australia, is urging Canadians to aid Australia to work out the citrus fruit problems. He states that exportation to, Canada is only in the experimental stage. LONDON. February 16. The Australian Press Association learns that Thomas Borthwick and Sons (Australasia) Ltd., secured the bulk of War Office half yearly contract for six thousand tons of frozen beef for the home command. N.S.W. FINANCES. SOCIALISATION ADVOCATED. SYDNEY, February 17. The accumulated losses since. 1914 of the combined railways of Australia reached a total of £68,000,000, accord*ing to figures released by the conference of railway commissioners and transport authorities, now examining all railway accounts. The Metropolitan Conference of the State Labour Party rejected by 81 to 11 votes the Payne report, which favoured an immediate social revolution, and reaffirmed its policy of socialisation, to be achieved gradually through constitutional methods. LONDON, February 16. On reports that interest was being paid to-morrow, New . South Wales 64 per cent, bonds rose four points.