COMMERCIAL

Grey River Argus, 12 March 1938, Page 6

COMMERCIAL

STOCK MARKETS.

[Per Press Association]

CHRISTCHURCH, March 11.

Sales: New Zealand Government Stock, 4 per cent., 1955, £lO4 2s 6d; National Bank of New Zealand 545; Bank of New Zealand 435; Australian Glass 92s 9d; .Broken Hill Proprietary (contr.) 32s 3d; Wool worths Limited (ord., cum. div. and bonus) 26s 9d, 26s lOd (2); Grey River (10s paid) 12s 6d; Broken Hill South (cum. div.) 32s 4d; Mount Lyell 29s lOd (2); Mount Morgan 9s lOd, 9s 10dL pref. (4s paid) 5s 6d (2), 5s 5d (2). Reported: Hume Pipe (Aust., late sale yesterday) 20s 9d; Kauri Timber (late sale yesterday) 21s 6d; Mount Morgan (pref., 4s paid, late yesterday) 5s 6d. DUNEDIN, March 11.

Sales: Dunedin City Corporation 44 per cent. April-October £107; Queensland National Bank £5 ss; Broken Hill Pty. £3 Is 3d; Smith and Smith (pref.) £1 Os 9d; Mount Lyell £1 9s 9d.

AUCKLAND, March 11

Sales: Bank of New Zealand 435; Australian Glass 92s 9d; Woolworths (Svd.) 26s 6d; Woolworths (South Africa) 16s Id; Wilson’s Cement 17s lOd; Waihi 9s; Mt. Lyell 30s; Stock, March 39/43, £lOl 15s; Amalgamated Brick (Auckland) £9l. Sales, 12.15 call: National Bank 545; New Zealand Insurance 60s 3d; Woolworths (S.A.) 16s; Mount Morgan 9s lid.

WELLINGTON, March 11

Sales reported: Bank of Australasia £lO 5s 6d; National Insurance 17s 3d; Kauri Timber £1 Is 6d; Wilson’s Cement 18s; Burns Philp (new issue) £1 15s 6d. Sales, noon call: New Zealand Breweries 45s 9d; Coles 92s 6d; Dunlop (pref.) 38s 9d; Dunlop 235; Burns Philp 555.

RESERVE BANK. WELLINGTON, March 10. The steady seasonal decline in the note issue continued last week, according to the weekly Reserve Bank statement. The total this we;k is £178,100 lower. Demand liabilities to the State are shown at £1,633,200 higher, and those to others at £89,100 higher, but those of the banks are £2,786,400 lower. Among the assets, the sterling exchange holding shows a decline of £1,631,400. Coin is £13,700 higher. Advances from the Primary Products Marketing Account are up £204,000, and other advances, an item which has not appeared since December, are shown at £250,000. Other assets are £77,700 lower. LONDON, March 10.

Butter: Firm. Danish 1225, choicest salted Australian and New Zealand 118 s and 119 s; unsalted New Zealand 120 s. Australian 119 s. Cheese steadv New Zealand white, coloured 68s 6d, 695; Australian white 675.