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Grey River Argus, 13 June 1936, Page 12

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(Per Press Association.) WELLINGTON, June 12. Sales- 4 per cent. Stock, 1955, £106; Wool worth’s Ltd. £5 11s 6d; Christchurch Gas 32s 9d; Uuiou Steam 26s 2d; Coles 79s 6d; Wloolworth’s NJS. £9; Australian Glass 93s 6d, 945; Al,otter’s N.Z. Ils. DUNEDIN, June 12. Sales: Woolworth’s (Sydney) £5 13s. Reported: Bank of New Zealand £2 5s 3d; .Broken Hill Proprietar.v (cont.) £2 9s (2); Dominion Fertiliser £1 5s 3d (late yesterday); Dunlop Rubber 17s 10d (late); New Zealand Breweries £2 13s 5d (ex-div.); Hume Pipe £1 Os 2d. After call: New Zealand Breweries £2 13s (2); Gillespie's Beach Is Id (odd parcel). AUCKLAND, June 12. Sales, morning call: Guarantee 5s sd; Milne and C'hoyce 16s; Brick 10s 6d; Commercial Bank 19s 2d; Alount Lyell 24s sd; P. & O. Stock 25s 9cl; Bank of Now Zealand (cum. div.) 455; D Alortgage. ex. div. 28s 9d; Zine 40s, 40s 3d; Broken Hill 71s 9d; Glass 93s 9d; Woolworth’s £9; Selfridge-’s 25s 3d; Bycroft’s cum. bonus 51s. Noon call: Alount Aforgan 15s 3d; N.Z. Newspapers 41s Sid; Zine 38s; Dominion Breweries 25s 6d, 255; Upper AVatut 7s 2d; Stock, 46/49, £lO4 2s (id, CHRISTCHURCH, June 12.

Sales: Goldsbrough Afort (cum. div.) 32s Id, 325; Kaiapoi (7s paid) 5s .ltd; Christchurch Gas 32s 9d; New Zealand Breweries (ex-divi) 53s 2d, 53s Id (2); Australian Iron and Steel 25s Gd; Heath and Coy. 26s (id; Broken Hill Proprietary (coni.) 48s 9d, 48s B<l, 48s ltd; General Industries 19s 3d; G. J. Coles 79s 9(1; Hume Pipe (Aust.) 20s 3d; Skippers 31(1; Alount Almg.au 15s 3d. 15s 4(1, 15s lid (2). Reported: Australian Glass (lat ( . sale 11th) 93s 9d; General Motors, Holdens (pref) 23s Gd, United Provisions (bite sa.e 11th) 14s 3d; Alount Lyell 24s .'id (late sale 11th). Unlisted: Woolworth’s (Sydney, ord.. ex-rights, late sale 11 th) £5 10s. £5 10s 6d.

At this week’s Addington market sales on behalf of West Coast clients included; Fat Cattle.- Burrows Bros. (Ahiiura), 3 heifers at £4 17s Gd to £5 2s Gd; Te Kings Land and Timber Company, S steers at £lO 2s 6d to £ll 2s Gd; and 8 steers at £7 12s Gd to £9 7s Gd.

LONDON. June IL Cold 138 s 9d; dollar 502; franc 76}

Th(i programme of telephone development which Ihe Post Office has prepared involves an expenditure of over £4,500,000 mt underground cables and equipment, alone. The programme is designed to ensure that the remoter rural areas enjoy a service not less effict'iit than towns in the urban districts. WOOL TRADE. AIELBOURNE, June IL At a joint conference of the Australian Woolselling Brokers’ Council and the Australian Woolgrowers’ Council, a, statement was read estimating that the Australian wool clip for 1936-37 will be 3,036.00(1 bales, compared with 3,140.000 in 193-1-35. The average bale, new season’s clip, will bo 3051 b, compared witlh 3081 b last year. It is estimated that 18 per cent, of the new clip will -consist of crossbred and strong-wool breeds, the remainder being Merino. It is expected that 2,760,00(1 bales will be received through brokers’ stores all over the ■Coniniontwetilfh. The selling season will open at Sydney on August. 31. There are now more I ban 1,420,000 bales offering before Christ mas. LONDON. June 11. The Bradford wool tops: Merinos seventies, 34d; sixty-fours, 32d; sixties' 3ld. I Crossbreds: Fifty-eights 2-Ljd; fifty-siixes- 20-ld; fifties Hid; forty-sixes 14d; forties I3 : jd. A slight ly improved inquiry with small business. LONDON, June .10. “The Times’s” Shanghai correspondent, says; One of the differences between the Nanking Government and the Cantonese is due to the fact that ti Large amount of the nationalised silver, which should be deposited in tin.' national Exchequer, is now being held in Canton