COMMERCIAL

Grey River Argus, 16 May 1935, Page 7

COMMERCIAL

(Per Press Association). DUNEDIN, May 15. Sales: Mt. Morgan £1 18s 3d. Reported: North Broken Hill £5 19s 4d. Unlisted. Golden Crown (2s paid) ss. AUCKLAND. May 15. Sales: Farmers’ Trading 7s lid; Morris Hestrom 19s; Mount Lyell 20.9; Farmers’ Font. 20s 6d; Devonport Ferry 22s 9d; Gas 28s 3d; Goldsborough Mort. 31s; Waihi 42s 7d; Bank of New Zealand 51s; Woolworths (Sydney) 88s 6d; Union Bank £8 139 6(1; Bank of Australasia £11; Stocks 1937-1940 £105; 19431946 £lO7 15s, 1946-1949 £lOB ss. WELLINGTON, May 15. Sales. Bank of Australasia £l.l, Waihi 42s 7d; Wellington Gas Pref. 25s 6d; Wellington Investment 9s 3d; Taupo Timber (£1 paid) 18s 6<l. CHRISTCIIUiRiCTI, May 15. Change E.S.A., Bank £5 Is; Broken Bill Pty., (ex. div.) 569; Mt. Lyell 20s. Reported: Okarito (late sale 14th) Gs; Dunlop Perdriau Rubber 16s lid; Westport Coal (cum. div.) late sale 14th

WOOL MARKET. (Aus. and N.Z. Cabin Assn.) BRISBANE, May 15. At the wool sales the demand was keener and more widespread. Values showed an advance, and are now approximately 5 to 7} per cent, higher than at the close of the sales last week. Top prices: Greasy 17d; scoured 251<1. LONDON, May 14. At the wool sales 11,170 bales were offered, including 4393 New Zealand. About 9454 Australian and New Zealand were sold. There was a firm tone, the prices for best merino tended to harden. The offerings were well absorbed by Home and Continental buyers. New Zealand halfbred, lamb slipe CMF/Belfast top fifteen pence—average 13 3-Bd. The “Yorkshire Observer’’ says: Traders are of the opinion that combing merinos will be dearer before the Australian season ends, owing to continued heavy consumption. Referring to the renewal of the German-South African barter agreenient, the “Observer” adds: Until

September only short clothing wools will be obtainable therefrom. Germany is still active in every woolselling centre despite that mills are stocked with four to five months supplies. CANADIAN LOAN. OTTAWA, May 14. The Government will float a sixtv million dollars public loan imnmdiat’’ ly, part for eight years, bearing -. per cent. The balance ten years nt per cent.