COMMERCIAL

Grey River Argus, 10 May 1935, Page 7

COMMERCIAL

(Per Press Association). CHRISTCHURCH. May 9. Sales on Change: Commercial Bank of Australia (pref) £9 14s, New Zealand Breweries 55s 9d (2), Broken Hill Propty (cum. div.) 54s 7d, Sun Newspapers 5s lOd. Reported: Sun Newspapers 6s, N.Z. Farmers Co-op. (44 per cent stock 1941) £7 10s. (late sale Sth), New Zealand Breweries (late sale Bth) 55s 7d, 55s 6d, 55s 9d, Mosgiel Woollens (cum div) late sale Bth, £ll, National Insurance (cum div) late sale Bth 21s Bd, National Insurance (cum div) 21s lOd. WELLINGTON, May 9.

Sales: New Zealand Drug 80s, 34 per cent, stock 1941-52. £lO7 10s, 1939-52 £lO7 10s, 1938-43 £lO5, 1938-52 £lO7 10s. DUNEDIN, May 9. Sales reported: Bank of New South Wales £3l, cum div. National Bank Australasia £l2 13s 6d, Refrigerating (Cont.) 9s 2d (2), British Tobacco £1 19s, New Zealand Drug £4, New Zealand Breweries £2 15s sd, £2 15s 6d, Anthony Hordern (pref) £1 4s. AUCKLAND. May 9. Sales: Sanfords 2s 6d, Devonport Ferry 32s 9d, Neon (N.Z.) 425, Bank of New Zealand 51s, Broken Hill 54s 3d, National Bank 675, South British 995, Bank of Australasia £lO 19s, Stock 38/52 £lO7 ss. LONDON, May 8. Gold 144/04, dollar 483 11-16,' franc 73 3-8. The wool sales opened with strong competition. Merinos 10 to 124 per cent. advance. Crossbreds 10 per cent, higher. At the wool sales 7809 bales w r ere offered including 3971 New Zealand. About 7020 Australian and New Zealand were sold. There was a good representative selection, attended by a large crowd. Home and Continental competition was brisk. Compared with March closing the best Merinos both greasy and scoured, advanced by ten to fifteen per cent, and other descriptions ten per cent. Crosslbreds showed an all round advance of ten per cent. New Zealand slipe halfbred lambs C.F.M. Belfast realised top price 144 d, average 14d. BRISBANE, May 9.

Prices compared with opening rates this week were very firm, when ten thousand bales were offered at the wool sales. Almost a total clearance was made. Competition was keen and general: Top prices were: Greasy 17d, scoured 26d. Average prices per lb. last week were: Greasy 10.fr8d, scoured 19.03 d. (Received May 9, 8.50 mm.)

SYDNEY, May 9

Wheat at country sidings is 2s B|d per bushel, equal to about 3s old for bagged and 3s 4id for bulk ex-trucks at Sydney. Flour is £ll 10s per ton; bran and pollard £4 15s; potatoes. Tasmanian £8 to £9 10s, others to £7 10s; onions, Victorian and Spanish £lO 10s; maize, yellow and white 4s 2d. RABBITSKIN SALE.

DUNEDIN, May 8

There was a full attendance of buyers at the sale held yesterday, when a large catalogue was offered by the Otago Farmers’ Co-operative Association of New Zealand Ltd. Competition was keen and prices were fully on a par with last sales rates, with the exception of racks, which were a shade easier. The following is tjie range of prices: Small 7d, runners U4d, milky 114 d, summer bucks 19d. summer does I2d, light racks 15id- prime racks 15? d, dawny autumns’ 196, 2nd earlv autumns 243 d, early autumns 28}d, 2nd late autumns 314 d, late autumns 39|d, autumn bucks 404 d, autumn does IBd 2nd incoming 36$d, heavy racks 12}d. incoming bucks 57d, Ist E.W. bucks 746, Ist. E.W. doe s 37$d, 2nd E.W. bucks 54]6, 2nd E.W. does 27}d, summer blacks Bfd, autumn blacks !Bd, late autumn blacks 20s, rack blacks lOd. summer fawns 9d. autumn fawns 18d- hareskins 86