AUSTRALIAN STOCKS.

New Zealand Herald, Volume LXVII, Issue 20495, 21 February 1930, Page 9

AUSTRALIAN STOCKS.

LONDON MARKET FEELINSy

AN IMPROVEMENT NOTED.. (Received February 20. 11.5 p.m.), V LONDON, Feb. 20. The financial correspondent; of the Daily Telegraph says Australian lean stocks recently have been under a cloud, , but public sentiment has been favourably influenced by the assertion of Sir Robert " Gibson, chairman of the Commonwealth Bank, that those who purchase Australian securities to-day will have, reason to congratulate themselves in the future. Inquiries in the City show that there.iffr little disposition to sell Australian stocks. Large holders are sitting tight, and it is somewhat difficult to obtain short-dated loans in any quantity. There are no mis-' givings concerning the ability of thj Aus-~ tralian States to meet their obligationsmaturing in the next few years. The Telegraph goes on to give details, of Australian stocks likely to appeal;- to those wko are looking out for reasonably assured capital appreciation which are not liable to income tax. MASTERTON ROMNEY SALE. BEST PRICE 105 GUINEAS. [BY TELEGRAPH.—PBESS ASSOCIATION.] ifASTEBTON, Thursday. Although there was a spiendid offering of both flock and stud Romney rams at the Master!on Agricultural and Pastoral Association's annual ram fair to-day, prices generally for stud sheep were disappointing for animals of good quality. However, there was good competition, and prices compared well with./ecent fairs in. other districts. Die highest price for stud sheep was realised on account of Mr. W. Perry (Masterton), who received 105 guineas, * the purchaser being Mr. W. A. Macfarlane. The next best price, 66 guineas, was secured by Mr. W. C. Small. The best of the flock rams realised 20k guin.eas. The fair will be continued to-morrow.

MEATS FOR CANADA. RESTORED DUTIES SOUGHT. * (Received February 20, 10.35 p.m.) OTTAWA,. Feb. 19. The Australian trade treaty, the provisions of which extend to New Zealand, will be under fire before the Tariff' Advisory Board on March 12. The SouthernAlberta sheep breeders will ask for a restoration of the duties on imported meats to the basis which obtained before the negotiation of the treaty. AUSTRALIAN PRODUCE. (Received February 20, 10.35 p.m.) SYDNEY. Feb. 20. The following are to-day's quotation* on the Sydney produce market:— Wheat.—Bulked parcels, 4s 9d; bagged, 4s lOd. . • Flour.—£ll 10s. Pollard.—£9. Bran.—£7 10s. Potatoes. —Tasmania!!, £9 10s to £11; Victorian, £8 Onions.—Victorian Globes, £5. Oats.—White, ss; Algerian, 4s 6d. Maize.—6s 6d.