COMMERCIAL

Grey River Argus, 14 October 1936, Page 2

COMMERCIAL

(Per Press Association). DUNEDIN, October 13, Sales: Commercial Bank 18s sd; Alount Lyit'l £1 12s 3d (three). Reported: liefrig, (pa/d) IPs lid; South Otago Freezing £7 15s; G'oldsborough Mort. £1 13s J (Id; AlcLeod Bros. £32; Gillespie’s' Is 5-L1; Molyneux River 2s 4d; Wellington Alluvials 2s fid. After call: G. J. Copes £3 16s (id. WELLINGTON. October 13. Sate-s: Four per cent. loser. 1946 £lO4 17s Sd; British Tobacco pref. 31s fid; Alt. Lyell 32s 7d; Bank of Ne.w Zealand 39s 2d; Alyers Empoiium 355; Colcis 76s 9d; Claude Neon (Sydney) 52s 6d. CHRISTCHURCH, October 13. Sales; Government -I per cent, fnn'Pibed .1940 £101; Bank of New Soutli Wales £32 12s (id, C 32 15s; Australian G'ass 945; Electro. Zinc (pref.) -Jfis 9d; General Industries JSs lid; G. J. Coles (cum. div., ex rights) 76- 6d ■ Hume- Pipe (Aust.) 19s; Alt. Lyell 32(4); (r. J. (tides (rights) 35s 2d. R ’■ ported: Bank of New South Wales £32 10s (2); Shillings (17s (id paid) 19s. AUCKLAND. October 13. Sales, morn’ng call; Aft. Morgan Ils 9d; Gas 22s lid; Se-'fridges 32s 3d: Bank of New Zealand 395; British Tobacco 44-si gd; Woolworth's £5 17s fid. Sa'es. noon: Broken Hill (rghts) 2y ltd. 2s 7d; Glass 91s (id; Woolworth’ £5 17s, Sydney £5 Ils fid; Commercin' ■ Bank (pref.) £9 3s Gd; Bonds 37/4' £lOl 12s Gd; Ciity -14/51 ex interest £lO5. LONDON. October J2. On the eve uf hi< departure for Aus tralia and New Zealand, to deal w’dl matters of Imperial shipping pol'Cy Mr John Ala eMillan manag'ng-dree tor .of the Shaw. Savill and A’bior Co., was enterta'ined bv the Gael'c Soeietv at a luncheon, under the cha ; r manship of Lord Stratliearron, who declared he believed that Air AlacAlillan’s mission would do much to con so'Vdate) Imperial shipping. Japan is continuing to d;om natc the market for South 'African combing wools, and is taking all availalt e •" prices averaging from 2d to 2ld above the Australian prees. The London wool-brokers ('.onsidethat the c.onFnuance of such competition is highly artificial and unhealthy English an,l Continenta 1 buyers are not prepared to pay such prices. BERLIN, October 12. The German shortage of iron ami steel is indicated by a decree., pro-h'i-lrting the Hamburg shipbuildnt'yards from building new slips. Utiles they, can provide the necessary ntr ter'al from seUappeg vessels. , "Bor-sen Zoitung” announces Iliaan -artificial .wool factory is b p ”’ erected at Siegburg. It w : ll nrobab y commence production tn June. LONDON, October 12. Gold 141/11, dollar 490 J, franc 105 3-32.