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Grey River Argus, 17 August 1937, Page 2

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N.Z. SHARE MARKET. [Per Press Association], WELLINGTON, August 16. Sales, morning call: New Zealand Perpetual Forests £2 2s 3d. Sales made late Friday: Union Bank (Melbourne register) £lO 2s: Broken Hiu £4 4s 3d; Shillings 17s Bd. Unofficial list: Wool worths Ltd. £ 6s sd, £6 6s, £6 7s 6d. Sales, noon call: British Tobacco 51s; Broken Hill 84s 3d; Taranaki Oil ss. Unofficial list: Woolworths Ltd £6 14. CHRISTCHURCH, August 16. Sales: Commercial Bank of Australia (cum. div. pref.) £9 9s; United Building 20s 6d; Westport-Stockton Coal 2s 6d (2); British Tobacco 51s; <2); Broken Hill Proprietary 83s ild; Electro Zinc (pref. cum. div.) 61s, 60s 9d; G. J. Coles 98s 9d, 995, 99s 3d; Kauri Timber 22s 9d; Shillings Ltd. 19/-. Taranaki Oilfields ss; Woolworths (South Africa) 16s lOd; Mount Lyell 45s (2); Mount Morgan 12s Id. Reported: New Zealand Refrig. (£1 paid) 19s 9d; Broken Hill Proprietary (late sale Saturday) 84s 3d, (2). Unlisted: McKenzie’s department Stores 85s; Woolworths (Sydney, ord.) £6 9s, £6 9s 6d; Woolworths (Sydney, ord.) (late sale Saturday) £6 8s 6d, £6 9s (2). DUNEDIN, August 16. Sales: Bank of New Zealand £2 4s 6d; British Tobacco £2 11s lid; Wilson’s Cement £1 0s 7d: New Zealand Drug £3 14s. AUCKLAND, August 16. Sales: Northern Steam 3s lOd; Dominion Breweries (rights) 12s Id; British Tobacco 51s llct; Sharland Pref. 19s; Wilson’s Cement 20s 7d. Unlisted: McKenzie’s 86s 3d; Woolworths (Sydney) £6 11s. Sales; 12.15 call: Kaiapoi Wool 14s 6d‘ Felt and Textiles 41s 6d; Broken Hill Pty. 84s 6d (2), 84s 3d; Farmers’ Trading 20s 9d; N.Z. Newspapers 38s; Taranaki Oil ss; Wilsons Cement 20s 9d; W. R. Carpenter 46s 9d- Electro Zinc pref. 60s 6d; Stock, 15/1/53/57, 3L £9B 15 s. Unlisted: Woolworths (Sydney) £6 Ils 6d, £6 12s, £6 13s (2), £6 14s (2), £6 15s. LONDON MARKETS REv/lEW. LONDON, August 14. Last week’s promise of a continuance of rising markets has not materialised, partly owing to unfavourable developments in the Far East. Thonc there has been little fresh buying, there also has been little selling, consequently prices stood up fairly well. The market still takes the view that there will be a strong revival in the Autumn, especially as trade statistics continue good. • The outstanding feature of the week has been a slump in Chinese-Ja-panese bonds, most of which are now around 20 per cent, below the levels of a month ago. Gilt-edged .stocks, however, are firm. The Dominions are receiving good support. Industrials are inclined to quietness, speculative interests having evaporated. They closed dull and uncertain. Newspaper shares are lower, owing to the increased price of paper. Optimism in Tooley Street has not been maintained. Prices broke in the midweek, and butter sold as much as 4s per cwt. down. The effect has been to destroy the confidence necessary to the sustained recovery tnat some traders anticipate. Apart from spasmodic improvements in the near future, the outlook indicates a lower! market developing. Danish remains pegged at 127 s per cwt., but the weakness of Empire butter caused a Siberian and Dutch fall. They are now in poor demand at declining rates. Cheese developed a sympathetic weakness. Quotations are nominal. / ■ " ALBERTA AND THE BANKS. CALGARY, August 13. A warning that interference by

the Ottawa Government in Alberta’s affairs might be dangerous, has been sent to the Prime Minister, Mr W. L. Mackenzie King, by the local Social Credit League. JAPANESE WHALERS FOR ANTARCTIC. TOKIO, August 15. Whaling enterprises are preparing to send vessels to the Antarctic without delay, and are prepared to make the largest possible catch, realising that the incoming season may be the last in which the Japanese are not bound by an international convention. .JAPAN’S SHEEP INDUSTRY. RAPID INCREASE. TOKIO, August 15. The Minister of Agriculture stated there were 61,000 sheep and 21,000 farms in Japan at the end of 1936, both gaining 29 per cent, over 1935.