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Grey River Argus, 31 March 1939, Page 12

COMMERCIAL

iPer Press Association.] WELLINGTON, March 30. Sales: Bank of New Zealand 38s 6d. New Zealand Refrigerating (10s) 6s 6d, Burns Philp 54s 9d, Broken Hill 58s 9d.

WELLINGTON, March 30.

Sales: Wellington City 43 per cent. 1/3/43 £lOO ss, Commercial Bank (ord.) 16s. Sales reported: Commercial Bank 16s, National Bank of Australasia (£10) £l3 Bs, Abraham and Williams 10s, Broken Hill £2 18s Bd, £2 18s 9d, Consolidated Brick 8s Bd, Electrolytic Zinc pref. £2 10s. SYDNEY, March 30.

Bank of New South Wales £2B 16s, South British Insurance 41s 6d, British Tobacco 475, Broken Hill Proprietary 54s 9d, Colonial Sugar £46 2s 6d. LONDON, March 29. Gold 148 s 6d, dollar 4/68 3-16, franc 176 13-16. The Stock markets are still dominated by political uncertainties. Business is negligible, with the exception of shipping, which improved as a result of the subsidy announcement. At the wool sales, 6,865 bales were offered,. including 4,760 New Zealand, and 5,981 were sold. The selection was good. New Zealand crossbreds and moderate Australian merinos were in keen demand, and an excellent clearance was effected, at steady rates. New Zealand greasy crossbred, Otoka, 93d to 93d, Montalto 103 d. Scoured merino bellies, Kennington/M 143 d.

RABBITSKIN SALE. DUNEDIN, March 28. A fair offering of rabbitskins was submitted at to-day’s auction before a large attendance of exporters, furriers, and the local trade. Catalogues comprised principally hatters’ grades, with moderate parcels of dawny and early autumns. Competition was keen from the outset, and buying was well spread. As compared with the last sale’s quotations (February 28), values for all grades were a shade firmer. The official range of prices is as follows:—Small 53d to 73d per lb., runners 133 d to 143 d, light racks 18d to 183 d, prime racks 18d to 183 d, summers 13d to 14d, dawny autumns 183 d to 193 d, second early autumns 193 d to 20d, first early autumns 20d to 243 d, summer broken 15d to 173 d, summer blacks 103 d to 133 d, fawns 253 d to 303 d, hare skins lOd to 113 d, milk 123 d to 13d, and first milky 153 d to 16d.