COMMERCIAL

Grey River Argus, 14 December 1938, Page 11

COMMERCIAL

STOCK .EXCHANGES. 'CHRISTCHURCH, December 13| Sales: Comitf. Bank, of AUSt. 16s fid (2) 16s"7d; Unioh Batik Aust.-£8 Ils. Renbrted: Govt 4 pet; eent. Stock S £9B 10 s :' South &rltiSh InsUr ‘ anch 42s (both late yesterday'. Unlisted:' Ranieri 275. AUCKLAND,.December lA] Sales, 10 o’clock call: Bank. Zealand! 40s (2); South Bhtish 42s (2); Consolidated Brick (ek. oiv.l 7s; Dunlop Perdriau 21s 4d;. G. J. Coles 81s 6d; Morts Dock I$S od; Taranaki Oil 10s 8d; Holdings 15s Saids; 12.15 call: Bank of New Zealand, 40s; Dominion Brewenea 31s 9d; Colonial- Sugar£4B 10 s, £49; Mortc' Dock 13s 1 9d-; Natidhal Pictures 4s 6d; Broken Hill South 295; Emperor 10s 3d; Stock 15.7.39*61, 3 per cent. £95 15s.

WELLINGTON, December 13. Sales, morning call; 3J per cent. Stock 3.39-43, £97 ss; Wool worth s Ltd., ord., £1 Is lid (2). Sales reported: Bank of New Zealand D long term £1 5s 3d; Broken Hill £2 18s, £2 17s Hd; G. J. Coles £4 2s; Na* tional Electric. 14s. Sales, noon .call: Broken • HiJJ South 29s id: ; Woolwotth’s Ltd., ord, 225; Wilson’s Cement 15s 9d.

SYDNEY, December 13. Sales: Toohey’s 30s 6d; Australgas A Old £7 8s; Associated News 21s; Pref. 235; Australgiass 102 s 6d; Hume Pipe 19s 3d; Marcus Clark. 454 2d. WASHINGTON, December 12. The Agricultural- -Department announced it has arranged the sale of an additional five million bushels of wheat to the. United Kingdom, Sales for export since July 1, total 69 million bushels. WINNIPEG, December 12... The irtternatiohal conference designed to draft a programme to relieve the glutted world grain markets afad check declining prices, opened to-day ,in Manitoba. It expressed disappointment with Argentina’s failure to send a delegation. Argentina recently refused to accept the commitment of Argentina’s estimated three hundred million bushel unharvested crop. Mr John Bracken, Premier of Manitoba, declared it was not the purpose to draft resolutions to relieve the present world farm products situation; but to' outline the. outstanding problems in such a manner to facilitate a satisfactory permanent solution. Neither subsidies; quotas, nor acreage curtailment appeared to offer any real solution. Canada faced fifty million dollars loss on this year’s crop, through the Government having pegged wheat at eighty cents.

LONDON, December 12. Sir J. Simons, addressing the National Union of Manufacturers, said there were signs of the pendulum preparing to swing again towards recovery of British trade, which was doubly encouraging when the international situation was so troubled BUCHAREST, December 12. The' German-Roumanian trade agreement has been signed. It will be retroactive from October, -and effective for twelve months, 1 whereby it is estimated that twbnty-five per cent, of the Roumanian Oil production will be exported to Germany in exchange for manufactures. AUCKLAND, December 13. The distribution to farmers in ( th* Auckland province for wool- sold at the opening sale of the season was £339,896, compared with £201,700 last year. There was almost a total clearance' of the 24,240 bales offered, 24,028' balds' being sold. The total weight for the wool sold was 8,356,433 lbs. The average price realised was 9.76 d per lb, or £l4 2s lid per bale, compared with 9.37 d and £l3 10s 7d at the opening sale last year.