AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXIX, Issue 21253, 5 August 1932, Page 7

AUSTRALIAN EXCHANGES

YESTERDAY'S BUSINESS RISE IN GOLD SHARES (Received August 4, 8.35 p.m.) SYDNEY, Aug. 4 Tho tono of the Sydney Stock Exchange to-cIAy was strong and active. Every section was well supported, Commonwealth bonds setting new high records. A spectacular rise in gold shares was registered when Cracow option £lO shiyes which were quoted afc £lso* on Tuesday sold at £*275 each. There are only 100 of these shares, of which 40 have been taken in Sydney. The Cracouf,field is in Central Queensland. Shares in 'adjoining ventures also rose sharply. This morning's sales were:—l93B, £9B lis 3d; 1941, £9B 7s 6rl; 1950, £99 2s 6d; 1955, £97 17s 6d; 1957, £9B; 1959, £9B; 1961, £9B 12s 6d. Commercial Bank of Sydney, £ls 10s; Toohey's Brewery, 19s 7>d ; Tooth's Brewery, 30s; British Tobacco, 32s 3d; Australian Gas A (pref.), £6 9s; Broken Hill Proprietary, 17s IOJd. This afternoon's sales were:—Bank of New Soutli Wales, £29 7s 6d; Commercial Bank of Sydney, £ls 10s; Bank of Australasia, £ll 10s; Colonial Sugar, £47 ss; New Zealand Insurance (ex dividend), 43s 6d; Burns-Phiip, 44s 6d; Millaquin Sugar, 26s 6d; Fairymead Sugar, 245; Henry Jones, 32s 4^d; Australian Gas, A shares, £6 9s; B shares, £6 9s 6d; Tooth's Brewery, 30s; Goldsbrough-Mort, 255; Dunlop Perdriau, 13s 3d; Australian Glass, 40s 9d; Electrolytic Zinc, 13s lOd ; ditto, pref., 23s 9d; British Tobacco, 32s 3d; Mount Lyell, 20s; Broken Hill Proprietary, 18s 7£d; Taranaki Oil, Is 2d. Commonwealth 4 per cent bonds, 1938. £9B 12s 6d; 1941, £9B 7s 6d; 1944, £9B 8s 9d; 1947, £9B 13s 9d; 1950, £99 ss; 1953, £97 17s 6d; 1955, £97 18s 9d; 1957, £9B; 1959, £9B; 1961, £9B lis 3d. Melbourne sales were :—Commercial Bank of "Australia, 16s id; South Broken Hill, 45s 6d; Norths, 62s 6d. BOBBY CALF TRADE INCREASE IN KILLINGS AUCKLAND PROVINCE ACTIVITY The bobby calf season has commenced in earnest in tho Auckland Province, and a total of about 20,000 calves is being handled weekly at the three works, Ilorotiu, Southdown and Westfield. The killings last year numbered approximately 250,000, and it is anticipated that an equal number of calves will be dealt with during the current season. A representative of one of the freezing companies stated yesterday that at the flush of the season, toward the middle of this month, the number of calves killed in a week would possibly exceed 25,000. At present all the works in the province were active, and on the busiest days as many as 10,000 calves were slaughtered. Tuesday in each week was the principal day for killing, as much of the buying was done on Monday. This season farmers were receiving lower prices for their «alves, the return averaging Is 9d a head, which was approaching Is a head less than last year's price. The decline in the value of the skins and by-products was largely responsible for the decrease in the amount paid to the farmers. The opinion that the season would not reach the peak period until the end of this month was expressed by another Auckland business man prominent in the freezing industry. He said it was the experience of his firm that calves were later this year than last. WHEAT IN CANADA REDUCED CROPS LIKELY OTTAWA, Aug. 3 The Bureau of Statistics states that fair to excellent prospects for the wheat crop remain in Manitoba, northern Saskatchewan, and north-central and western Alberta, but in the large central wheat area drought has stricken some crops to the same degree as in 1919, 1930 and 1931. There have been greatly reduced crop prospects in the past three weeks. AUSTRALIAN PRODUCE (Received August 4, 6.45 p.m.) SYDNEY, Aug. 4 Following are to-day's quotations on the Sydney produce market: —Wheat: Ex trucks Sydney, 3s 2d; at country stations, 2s 7d. Flour, £lO. Bran and pollard, £6. Potatoes: Tasmanian, £7 10s; Victorian, £6. Onions: Victorian, £25; Japanese, to £24. Oaten hay, £7 10s. Maize: Yellow, 5s 2d; whitej 4s 7d. Adelaide prices arc:—Wheat, to 3s. Flour, £7 15s. Bran, 97s 6d. Pollard, £5 10s. Oats, Is Bd.