COMMERCIAL

Grey River Argus, 6 December 1938, Page 11

COMMERCIAL

,N.Z. SHARE MARKET. CHRISTCHURCH, December 5. Sales: Bank of New Zealand 40s lid' New Zealand Breweries 39s 8d; British Tobacco 47s (3). Reported: National Bank of New Zealand 47s 6d. c AUCKLAND, December 5. Sales 10 o’clock call: Commercial Bank pref. £9 9s; Bank of New Zealand 40s 9d (2); Northern Steam 3s 9d; British Tobacco 475; Stock, 15/2/53-46, 4 per cent. £9B 10s, 15/6/52-55, 4 per cent. £9B 10s. Sales 12.15 o’clock call: Bank of New South Wales £29 10s; Bank of New Zealand 40s 9d; New Zealand Breweries 39s 3d; Macduffs 4s; Broken Hill Pty. 565; Stock, 15/4/46-49, 4 per cent? £97 17s 6d. WELLINGTON, December 5. Sales reported: Four per cent, stock, 1949-52, £97 12s 6d (2); Woolworth’s Limited ordinary £1 0s lOd (2); G. J. Coles £3 18s 6d. DUNEDIN, December 5.

Sales: Four per cent. Stock, 52-55, £98.165; .43-46, £9B 10s; New Zealand Drug £3 ss.

LONDON MARKETS. LONDON, December 3. New Zealand and Australian butter recovered slightly, due to the temporary shortage of arrivals. Holders of cold stored stocks are not selling at the present low levels. Fairly heavy arrivals are expected at the weekend, while 20,000 of 120,000 boxes of New Zealand butter are going to Germany. The market for New Zealand and Australian in the immediate future is expected to be quietly steady at current levels. The cheese market is quiet. , Heavy stocks of eggs, due to the mild weather in Europe, suggest thaf prices will be lowered next week. The Bradford wool market quotations of crossbreds are manitained, but users are unwilling to buy at the prices dictated by the New Zealand and London sales. The bullish interpretation of the reimposition of the copper quota last week failed to prevent copper from heading to a sharp decline,’ placing the American export price 80 cents Ibelow the domestic, which possibly [may be undermined,