COMMERCIAL

Grey River Argus, 23 March 1935, Page 3

COMMERCIAL

(Per Press Association.) WELLINGTON, March 22. Sales: 4 per cent. Bonds, 1946, £lO6 I 1949, ditto laser. Stock 1946 £lO6, 1949, £109; Bank of Australasia £ll 5s 6d. AUCKLAND, Al arch 22. Sales: K*ng Solomon 3s lid, 3s Hid; Mt. Lyell 18s Id; Farmers’ Fertiliser 18s lid; Refrig. 19s; Gas con. 20s 9d; Union Oil 30s; Waihi 4O S 6d; Reserve Bank £6 10s Gd; Bank Australasia £ll 6s; Stock, 1940, £lO2 12s 6d. (1949) £lOB ]os, (1955) £llO 7s 6d; Mt. Albert 4} per cent., £lO5 10s. CHRISTCHURCH, March 22. Sales: Commercial Bank Aust. 15s 10s; Tooth's Brewery 475; Dunlop Rubber 16s 7d, 16s Bd, 16s 9d; Electro Zinc (ord.) 21s Bd, 21s 7d (2), 21s 8d: King Solomon 3s 10d (2); Maori Gully la 5Ad. Reported: Mt. Lyell (late sale 21st) 17s 10pl: Stockton Coal (pref.) 4s; N.Z. Fertiliser 19s. Sales at the Addington market this week, on'behalf of West Coast clients included: Fat lambs, W. O’Malley (Tkamatua), 245 at 17s 7d to 26s 7d (the top per. of four at 26s 7d); W. Bruce (Ahaura) 60 at 17s to 18s 7d; G. Erickson (Ahaura). 30 at 12s Id to 24s 7d; L. R. Shuttleworth (Grev mouth) 73 nt 12s to 18s 1'1: A. W. 801 l (Tnangahua), 25 nt 14s to 21s 10d. Fat cattle; Topl'ss and Son® (InehbonniP), 7 steers at £5 17s Gd to £7 17s 6d. LONDON, Mareli 22. A well-known motor oil company, after several years of research. a-v noinieea an oH preventing cylinder eorosion. It contains chromium in the form of a soluble compound, which protects the working surfaces. Tests,

it states, showed that the new oil re-1 duced cylinder wear by fi v per cent. LONDON, Male 21. I Metal quotations are as f<fi >ws: —■ ; Copper standard £2B 17-32 per It n and £2B 29-32; electrolytic £314 an £32; wire bars £32; lead £ll 11’16 I d £ll I I 16; speller £l2 11-16 and £l2 11-16; tin and £206 3-8. Silv|i j s 27 3-16 d per ounce, and 29 3-Bd. I VICKERS • FIRM. OET CONTRACT THROUGH Hl • NOV OF WALES. (Received March 22 at 9 P-’ .) LONDON, Mareh 2:t Earl Dudley, at the Iron and Steel Federation dinner, revealed tbr as n result of till! Prince of Wales?' ivinp an ’interview with the authors a s a , R'O De Jnniero. Britain had sef -e,i n three million pounds contract S ■ the electiification of part of tho Rrazi 1 Central Railway. The Metro h elrer--firm secured and signed th e e itrac’ last week. CHICAGO, March 21. Wheat quotations arc: Mav 94 ’nnts ' July 9] 5-8. September 91}, Nev York i (cash) 112 3-8. BRUSSELS. March 21. The King continued his coi sulfation with politicians and industrialists. Tt is understood that the idea of forming a National Governmint is gaining ground. The Socialists have agreed to participate. BERLIN, March 21. Germany's adverse trade balance ir 'ebruarv was about £5.000.060, com •ared with about £9.000,000 in Janu ry. The improvement was mainly due to the vigorous cut in imports.