COMMERCIAL

Northern Advocate, 8 November 1932, Page 10

COMMERCIAL

SYDNEY WOOL SALES ! : i I GOOD CLEARANCE. j I MARKET HOLDS FIRM. (I’niu-d Press Associu lion —Ily Klci.-t ri.Telegraph.—Copyright.) SYDNEY, November 7. At the Sydney wool sales today 13,730 bales wore offered, and 10,907 were sold; also, 2218 wore disposed of privately. The market was linn at the closing rates of last week. Continental and Japanese buyers were the ehief operators and there was improved Imying on Yorkshire aeeounl. Creasy merino made IOiRI. OFFERINGS IX THE DOMINION. FIGURES FOR. FOUR MONTHS. Of 7830 hales of wool offered at auction in the Dominion during the four mouths ended October, 7042 were sold, states the report of Dalgety and Co., Ltd. hi the corresponding period last year 2801 bales were offered and 2007 were sold. The Auckland returns were .1301. offered and sold in 1932, compared with 258 offered and sold in 1931. During October 3452 halos were offered in the Dominion, 2837 being sold. At Auckland 322 bales were offered and sold. Exports of wool during October totalled 18,058 bales. Auckland and Opua shipments, 11(13 hales. For the four months ended October, 77,713 hales wore exported, as against 52,333 hales in the corresponding period last year, the figures for Auckland and Opua being (1(138 and 3(185 bales respectively.

MINING NEWS. NORTH BROKEN HILL. A dividend of one shilling a share, payable on December 14, Ims been declared by (lie directors of North Broken Hill, Ltd. This is the second dividend of one shilling paid during the current year, which commenced on July 1. SALES OP CONCENTRATES. , The proceeds of the sale of concentrates forwarded by the. Golden Progress Company (Central Otago) to the American Smelting and Refining Company, Ltd., amounting to about 111 tons, have been received by the company. The sum of £505 was realised. KILDARE YIELD. A small portion of . the Kildare (Central Otago) Lead on the rising reef in the south end of the paddock has been taken out for a return of 73 o,uncos. The waslt is now making stronger, with improved prospects. MANAGER’S REPORT. Talisman Dubbo (Karangaiiake).— The drive at No. 1 Talisman level has been extended eight feet for the week. ‘ The country is firm and of a good description, with numerous quartz stringers crossing the face. A leader four inches wide was cut.

| BONDS AND SHARES. | A PST RA LI A X TIIAXSACTIOXS. I SYDNEY, Xovember 7. Tlio Sydney Stock Exchange turnover today was below normal, as is customary when a new loan comes on the market. Bank shares were fairly well supported, while leading- industrials hold their ground well. Morning sales were: —Commonwealth 4 per cent, bonds, 1 DBS, £lO3. Bank of Now South AA’ales, £3l 10/; Toohey’s Brewery, preference, -4/; British Tobacco, 34/(!; Howard Smith, 10/8; Colonial Sugar, £do; Broken Hill Pty., 27/0. Afternoon, sales were: Commercial Bank of Australia, New Zealand delivery, .10/41; Bank of New South AVales, £3l d/; Bank - of Adelaide, £0 d/; Colonial Sugar, £dii; Howard Smith, 10/0; Burns Philp, 40/0; ditto, South Sea, 30/; Australian Gas, A shares, £0 18/0; Tooth’s Brewery, 30/11; Dunlop Perdrean, 17/101; Australian Glass. 40/0; British Tobacco. New Zealand delivery, 34/0; Electro Zinc, preference, 28/0; Morris Hedstrom, 10/; AVinchcombe Carson, 23/0; Sulphide Corporal ion, 0/d; Zinc Corporation, 20/0; Broken Hill Ply., 27/0; North '.Broken Hill, 7d/3; South Broken Hill, 48/0. Commonwealth 4 per cent, bonds: 1038, £lO2 d/; 1041, £lO2 10/; 1044. £lOl 12/0; 1047. £lO.l Id/; IOd.O, £lOl 17/0; 10d3, £lO2 d/; I Odd. £lO2 d/; 10d7, £103; 10d0, £.lOl 10 3/; 1001, £lO2 2/0.

Melbourne soles were: Dmilop Perd re.nn, 17/10; Herald oml Weekly Times, .'.s/; Myers' < 'orpovation, 27/71.

GOLD AND SILVER. latest quotations. LONDON, November 0. Gold is quoted today at TO d/O an onnee, compared with '7O -“/<>yesterday. Silver is quoted at 1S1«I an ounce spot, and 18 d-10d forward, compared with 18 3-1 fid and IB 5-1 fid vesterdav.

BORING FOR OIL. | NEW WELL COMMENCED. | (Special lo “Northern Advocate.’’) NEW PLYMOUTH, This Day. ! 7 I Operations at No. 3 well of Motnrna Oilfields, Ltd., were commenced on Monday with drilling operations. This procedure will probably occupy about four months, and will be carried on continuously day and night throughout that period. The new well is about 800 east of the No. 2 bore on the waterfront. FOREIGN EXCHANGES. (British Official Wireless.) RUGBY, November 5. The following rates on foreign exchanges are current. compared with the cabled quotations on November 4 and par: — Nov. 5. Nov. 4. Far. Now York. dol. 3.29'; 3.293 4.800 Paris, franc 83 15-1(1 S 3 13-l.fi 124.21 Berlin, ran. 13 29-3,2 13.8m> ‘29.43 Bombay, rupee 18 11 -94 18 11-04 LBd. 'Shanghai, tael 21.25 21 .1,1-l.fi Hongkong, did. 10 7-1(1 10 7-10 - Yokohama, yen 15 3-10 15 7-10 24.0 S CUSTOMS EXCHANGE RATE. Rates of exchange ruling at the announced date of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessel mi New Zealand, finally declared rates being marked *: —

Australind, America, dol. .... 3-I :, 'i Mariposa, Canada, dol Mariposa, Honolulu, dol '/{.2.S Mariposa, America, dol T' -4 . 1 !, Canadian Leader, Canada, dol. >,.('B, Citv of Adelaide, America, dol. “-29,| Golden Const, America, dol. . . 3.30 s

WHOLESALE MARKETS. TODAY’S VALUES. (Special to “Northern Advocate,") AUCKLAND, This Day. The following prices were quoted on the wholesale markets today: — Butter. —First grade factory, booked, 1/01 per lb and .1/- per lb for prompt cash. Second grade factory, booked, Uhl per lb, and lid per lb for prompt cash. Farmers’ separator, lOd per lb. Cheese. —First grade factory, export size (80ks) fid to Old per lb; best quality medium (40’s) 01 d to 7d per lb; first quality, lb; loaf, 7d to Bvd per lb; tinfoil, half-lb pats, 1/3 per lb; bars, lid to 1/- per lb net. Honey.—Bulk, white, ' old per lb; light amber, 4ld per lb. Bacon. —Hams, Old to lid per lb; rolled hams, 1/1 per lb; cooked ham, 1/1 to 1/3 per lb; cooked pressed ham, 1/5 per lb; bacon sides, 7:]d to SJd per Jh; rolled sides, 9-jd to 10d per lb; middles, 7ld to lOd per lb; shoulders, Old per lb; rolled shoulders, Bld per lb. Lard, bulk, Old per lb; pats, 7ld per lb. Linseed. —Whole, 10/3 per cwt. Linseed meal. —16/11 per 1001 b. Flour. —Local, 2001 b sacks, £ls 7/(5 per ton; 1 100’s, £lO 2/0 per ton; 50’s, £lO 2/0 per ton; 25’s, £l7 7/0 per ton; 121 ’s, £lB 5/- per ton; ill’s, £lB 15/per ton.

Ala It.—Crushed, 11/9 per bushel; whole white, 11/3 per bushel; whole black, 13/- per bushel. Twines. —Seaming, first quality, 2/3 per lb; second quality, 2/3 per lb; binder. 59/- per cwt. Pcameal. —10/- per 1001 b. Bluestone. —30/3 per cwt. Linseed oil cake nuts. —12/3 pei lOOlh.

AROUND THE MARTS. SDPPLIES OF STRAAVBERRIES. NEW POTATOES CHEAPER. (Special lo “Northern Advocate.”) AUCKLAND, This Day. A shipment of Australian fruit came to hand by the Sydney boat today. Fairly heavy .supplies of strawberries came forward, with the result that lower prices rule. Oranges and bananas are in good demand, and pears are meeting with better inquiry. Californian grapes and also grapefruit are a little cheaper than usual. Quotations;

Apples: Delicious, ~>/ to S/d per case; Granny Smiths, (!/ to S/d; Dougherty, M/ to (>/; Stunners, (5/ to S/(J; Canadian Jonathan. 21/ per case. Pears: Coles and Xolis, 7/ to it/: Barry, o/O to 7/d. Grapefruit: Largo 4/(i to (!/; small and medium, ?>/ to 4/. Oranges; Island, c-ceordiug to count, Id/ to 20/; Australian navel, 8/ to !*/0. Lemons: ?,/ to (i/(i. Pines: 14/ to la/. Tret* tomatoes; 2/'! to (!/; black, ;"/ to 7/(1. Tomatoes; Island, (i/ to 7/(5; local hothouse, -Id to !)d per lb. Bananas: Xo. I repack, up to Grain's; Californian, Evils, 88/; Rile iers, 47/0. Giapefruit: til/. Pome-j grannies: 10/ to 11/. Strawberries; J Captain Cook, I/.", to 2/ per chin; Alar-) gnerite, 8d to 1/ per chip. X T evf potatoes are in heavy supply and prices eased, with flu* result that there has been less demand for knincras. Cabbage are coming forward in larg" quantities, blew season’s marrows are now offering. Hothouse* cucumbers eased a little in price. 1 Quotations are: !

Potatoes: New. 1/ to o/ bag; Swedes: l/il |,i g/ ling. Onions: Canadi:in, |ii/ In |.s/ crate. Kmueras: Fsland, </(i i-wt ; Tauranga, -1/ to ;”/. t'abbage; 1/ fn •_>/!> sacli. Caulitlow ■'/ 1° ‘/ sad;. Pumpkins: 8/ to 11/ cwf. ( ’iii-ii in In rs : Hothouse, ■“>/ to ■>/ doz. ('arrets: ."id to 1/. Parsnips: •"I (o till. Meet: Sd to |/, Turnips: (, d 1" bd. ii’adisli: (id to !td. .Spring onions: Id to i/. Spinach: !hl to I//-. Leeks: -Id to ."id. (lieen peas; 4/ to 8/ per bag. French beans: 10d to 1/2 lb.

P.roiid beans; Id to i_’d por lit. IMarrows; New season, ?,/ to 7/. Lettuce: 1/ to -1/ case. Celery; Dessert, (.id to Dd handle. Klmbarb: 1/ to -1/ doz. Asparagus." -Id to Md bundle. Heavy supplies of eggs continue to keep prices at a low level. Hirst grade lien and dock eggs are I Old per do/.; D grade ;»t,*j and C grade 7ld. Farmers’ butter, Sd to 111 d per Jb, according' to quality and condition.