COMMERCIAL

Grey River Argus, 23 August 1934, Page 7

COMMERCIAL

N.Z. STOCK EXCHANGES. (Per Press Association.) CHRISTCHURCH. August 22. Sales on 'Change: E. hi. A. Bank x 5 ss; Reserve Bank £6 9s 6d; Goldsborough Mort. 30/1 (3); Kaiapoi Woollens (pref.) 20/6; British Tobacco 37/6; Electro Zia e (pref. cum. div.) 35/2; Alexander Mines (13/6 paid) 14/9 (2); Goldfields Dredging 1/3LI; Okarito 8s; RaJwang Tin 9/4. 9/4hl; Skippers 7Ad. Reported: Kaiapoi Woollens (17s paid) 13s 6<l (2). DUNEDIN. August 22. Sate reported: Nevis Diesel Id. Late vesteCday: New Zealand Breweries 455; Gillespie’s Beach 2s WELLINGTON, August 22. Sales; Bulo’o £8 18s; Comm. Bank >f Sydney £l7 Is; Bank of NewZoiiand £2 7s; Reserve Bank £6 9s; New Zealand Insurance £3 Is; New Zealand Brew orfes £2 5s 9d. £2 6s- Skippers 7|d. AUCKLAND, August 22. Sales; Goldfields Dredging 1/34(1, 1/4; Grand Junction 4/1; A.l’.A. 10/2; ihiiismaii .12/4; «Ga.s 25/3; Con. 18/6; Blackwater 335; Bank Mortgage 345; Zine Pref. 3-5/1; British Tobacco ’.7 L,d; Australian Glass .59/6; Farmer*’ Auet. 755; Reserve Bank £6 8s 9d, £6 9s, £6 9s 3d; National Bank of Australasia. £l2 7> (’"I. WOOL MARKET. QU EENSLA ND KATES (Aus. & N.Z. Cable Assn.) BRISBANE. August 22. Values on the second day of the wool sales were In ly firm for the best descriptions. Alloget her 8,953 bales were offered, and about 30 per cent, wore withdrawn. There -w«s keener e>o impel it ion for average good wools. iGreasy merino sold fo l.s:pi, and scoured to 2<>l<i. LONDON. August ‘2l. 1 'fhe “ Yorkshire Observer” says the opening Australian wool sales may be regarded with satisfaction. It was firmer than many traders expected. One of their main anxieties is whether the new level of values can be maintained. Loading' I opmakers i elie\(*. if can for some time yet. because* many firms had oversold and conspqueut.ly are in need of material. The Brisbane wool prices demonstrate that, wool, is worth more than many manufacturers, wholesalers and retailers imagine.