COMMERCIAL

Hawera Star, Volume LII, 26 January 1933, Page 8

COMMERCIAL

PRICE OF GOLD FALLS. . C-iiLeu PrcfkJ AmsucluUoi.— B) Eltcvn-j Xeiegrapt Copyright.) LONDON, Jan. 24. Gold is quoted at £6 Is 7d an ounce, compared with £6 2s 7d and £6 2s 10on the two previous days. SYDNEY WOOL SALES. SYDNEY, Jan. 25. At the wool sales 10,465 bales wore offered and 9973 were sold as well as 493 which were disposed of privately. Keen general competition was met from nil sections. At the closing sales of the week spinners’ fine quality wools were very firm at the recent level. All other descriptions sold well up to late rates Greasv Merino fleece sold to 163 d.

WOO'T, SALES AT LONDON. LONDON, Jan. 2*. At. Ibo woo! sales 8325 bales were •offered, including 2867 Now Zealand and -approximately 7830 were sold. There was good home and Continental competition at full rates. Prices: Merinos, greasy, New South Wales, Goonoogoono, top 13d, average 11 7-Sd, Victorian, BalJantyne, top 13fjd, average 12Jd; South Australian, Gambier Clover, top ILpt, average lid; Queensland, Cambridge Downs, top lllcl, average 10 3-Bd, scoured ditto 18.1 d; New Zealand greasy crossbred, Kawa, top. lOd, average 7 7-8 d: scoured Merino, Bendigo, top 18Jd, average 16 \ (1.

BUSINESS IN SHARES. DOMINION STOCK EXCHANGES. The following transactions on New Zealand Stock Exchanges were reported by the Press Association yesterday: Dunedin: Commercial Bank, 15s 5d (late sale 24th). Reported sales: Gillespie’s Beach, lid; Okarito, 9s 2d: 1938, 4.j per cent., stock, £95 15s; Bank of New Zealand, 43s 6d. Christchurch: Sales on Exchange: 5) per cent Inscribed, February, 1937, £lOl 10s; 51 per cent, bonds, February, 1937, £lOl ss; 5.V per cent. Inscribed, September, 1937. £lOl ; Commercial Bank of Australia (prof, cum. div.), £7 19s 6d; National Bans of New Zealand, £3 9s (3) ; Bank of New Zealand, 43s oil, 43s 3d (-) ; Dnlgety and Co., £7 14s (3); Goldsbrougli Mort, 24s Id (3) ; New Zealand - Refrigerating (10s paid), 4s (12) ; New Zealand Breweries, 27s sd, 27s Kiel '3); British Tobacco, 32s 3d (3) ; Mt. Lyell, 21s 2d; Now Zealand Drug Comoany, 56s (5); Big River, Is 3d (3); Blackwater, 21. s (2); Golden Sands, 2s lOd; Okarito, 9s Id; Wailii, 21s Od; Waitahu, 4s 3d, 4s 6d. Sales reported ; Commercial Bank of Australia (pref. cum. div.), £8 (2); National Bank of New Zealand, £3 9s 6d (2); New Zealand Insurance (cum. div.), 44s Gd; Dunlop Rubber. 17s 3d : New Zealand Drug Co., 5Gs 3d, 56s Gd, 56s 3d. Auckland: Sharemarket sales; Auckland Harbour Board, 1941, 6 per cent., £IOV 10s (2); New Plymouth Harbouri Board. 1956 (February). 5 ; ! f per cent.. £93 (2) ; Commercial Bank, 15s 3d. 15s 2d; do. pref.. £7 19s; National Bank of Australasia (con.). £5 12s ''Ul (2) ; Bank of New Zealand. 43s 12) ; National Insurance, 14s Id: Now Zealand Insurance,. 44s JOld. 455; Goldsbrough Mort, 24s Gd ; Northern Steam,

6s; Colonial Sugar, £52 ss; New Zealand Refrigerating (eon.), 4s; Golden Dawn, 4s 6d (2): Golden Point, 3id : Okarito. 9s; Wailn, 21s 4d; V* aili; Junction, 3s 6d. Unlisted shares: Dominion Brewery, 6s.

AUSTRALIAN STOCK EXCHANGES CONSOLS STILL RISING. SYDNEY, Jan. 25. A further appreciation in values of Australian Consols was featured in operations on the Stock Exchange today. New Zealand loans, which sold for the first time since the advanced exchange rate, were marked down t-o make allowance for that revision Sales wore: Commonwealth bonds, 4 per cent., 1938, £102: 1941, £lO2 15s; 1944, £lO2 8s 9d ; 1947. £lO2 13s 9d; 1950, £1.03 2s Cd; 1953, £lO2 ; 1955, £lOl 12s 6d: 1957, £lOl 17s 6d; 1909, £lo2' 2s 6d; 1951, £lO2 17s Gel; New Zealand securities, 51- per cent., 193/, £lO3 12s Gd; 1937 (New Zealand delivery)* £97 los; Australian Gas A, £7 3s; Commercial Bank of Sydney, £l6 10s; Broken Hill Proprietary, 28s 3d; Broken Hill South, 465; Goldsbrougli Mort, 24s 6d ; Winchcombo Carson,'23s 71 d ; British Tobacco, 335; Henry Jones 375; Adelaide Steam, 225; Tooth’s, 35s 41d. * Melbourne sales were: Broken Hill Proprietary, 28s Gd; British Tobacco; 32s 9d ; Commercial Bank of , Australia (prof.) £8 4s; Electrolytic Zinc, 28s 7id.

BONUS ON INSURANCE, SYDNEY, Jan. 25.. At the annual meeting of the Australian Provincial Assurance Association the chairman (Mr Paul) stated that investments m Government stocks and securities had increased .from £803,000 to £1,281,000, and loans on policies had increased live times to reach £157,000. The establishment account was written off and tlie association would shortly be admitted as a member of the Life Offices Association. The association’s New Zealand business was sound, but the management was being centralised in the Wellington office, effecting large savings. A liberal bonus was declared.