COMMERCIAL

Grey River Argus, 1 December 1938, Page 12

COMMERCIAL

STOCK EXCHANGES. [Per Press Association.] CHRISTCHURCH, November 30. Sales' Government 4 per cent. Stock 1955 £9B 15s, Colonial' Sugar £47, Zinc (Pref.) 47s lOd, Taranaki Oil 9s 7d 9s 6d. Reported: Government 4 ner cent. Stock 1955 (late yesterday) £9B 15s, New Zealand Breweries 38s 9d DUNEDIN, November 30. Sales: Rural Bonds £9B 15s, Aust. Commonwealth Stock 1944 £lOl 7fi 6d, Wright Stephenson Pref. 19s, N.Z. Breweries £1 18s 6d, Broken Hill South £1 7s 9d. ■ WELLINGTON, November 30. Sales; morning call: Kauri Timber £1 Is 9d, Mac Duffs (ord.) 4s 6d. Sales reported: Commercial Bank of Sydney £2O 6s 6d, New Zealand Drug £3 15s. Unofficial list: Blackball Creek IS Safes, noon call: Four per cent. Stock 1949/52 £97 ss, Wellington Investment T. and A. 9s, E ectrolytic Zinc (ord.) 44s 10id, David Jones First Pref. 26s . 3d, Blackwater Mmes 18s 6d. . „„ AUCKLAND, November 30. Sales 10 o’clock call: -Auckland Gas 18s 7d (con.) 12s 6d, National Timber Bs, 1.C.1. Pref. 22s lid, Triton Sales, 12.15 o’clock call: Bank of N.S. Wales Sydney Reg. £29 15s, Huddart Parker 50s 9d, New Zealand Breweries 38s 6d, Wilson’s Cement lbs (2), Martha 10s 9d. Unofficial: Woolworth’s Properties 25s 4id. ’ LONDON, November 29. Clutha River Is 6d, Ex Div Is 9d, Molyneaux 71d —lOid.

EXCHANGE RATES.

GOLD PRICE DROPS AGAIN.

LONDON, November 29. Gold 149 s 3d; dollar 4661; franc 1701 Gold to the value of £1,351,000 was sold at £7 9s 91d a fine ounce, a reduction of 2id from Saturday’s record figure of £7 10s. Silver is quoted at 20 l-16d an ounce spot and 19 9-16 d forward. The rally in sterling is due to the continuance of the “bears” keenness to cover their commitments, owing to a large proportion being short, the position in sterling being due for settlement before the end of the year, which has momentarily diverted attention from international uncertainties.

DUNEDIN SHEEPSKIN SALE.

DUNEDIN, November 29.

The fortnightly sheepskin sale was held to-day, when large catalogues were offered to a fair attendance of buyers. Competition was not nearly as keen as at the last sale, and prices all round showed a drop of id to Id per lb. on the rates at the last sale. Quotations: Halfbred full-wool to 8d halfbred three-quarter wool 6?d (o’7;d, halfbred half-wool 53d to 61d, halfbred quarter-wool 4d to sd, crossbred full-wool 63d to 71d, crossbred half-wool 5d to 6d, crossbred quarterwool 3d to 4d, halfbred lambs 5d to 6d, crossbred lambs 4d to 52d, merino full-wool to 65d, fine crossbred fullwool to 73d, fine crossbred three-quarter-wool 61d to 75d, fine crossbred three-quarter-wool 6id to 73d, fine crossbred half-wobl 55d to 6d, halfbred hogget 6id to 75d, fine crossbred hogget half wool 55d to 6d, halfbred dead 6d to 75d, fine crossbred dead 55d to 6ld, crossbred dead 55 d to 65d, best pelts to 3d, medium pelts Lid to 2d. . • • ’

RUGBY, November 29

It was stated, in a Commons answer, that during the Anglo-French conversations in Paris, the negotiation of a new commercial agreement between Britain and France, along the lines of the Anglo-American pact, was not discussed.

P. AND O. PROFITS.

LONDON, November 29.

The P. and O. Company’s revenue for the year ending September 30, was £255,533. Dividends from subsidies £983,116, depreciation £885,000, administration £480,212, profits £547,904. Dividends £520,795. brought in £143,200. Brought forward £170,309. The consolidated balance Sheet of the whole P. and O. group shows the assets £51,757,437.

BUTTER PRICES.

LONDON, November 29.

Butter firm. New Zealand choicest salted 104 s, 105 s; unsalted 110 s, 112 s. Australian salted 102 s, 103 s. LONDON WOOL SALES, LONDON, November 29. At the wool sales, 9,708 bales were offered, including 3,579; New Zealand, and 8,180 were sold. There was a good selection, mainly of merinos, which met with active competition. Best descriptions sold well at steady rates, while inferiors were frequently withdrawn, owing to the high limits. WHAKATANE PAPER' MILLS. Westland shareholders in Whakatane Paper Mills, Ltd., at last night’s meeting in Greymouth, iavourably received the company’s debenture proposals, all present deciding to participate in the issue, and, in order to finalise subscriptions, it was decided to advise all shareholders to attend a meeting at the Old Boys’ rooms, Town Hall, on Tuesday, December 13.