AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXV, Issue 22949, 29 January 1938, Page 9

AUSTRALIAN EXCHANGES

LITTLE BUSINESS DONE STEADINESS OF INDUSTRIALS (Received January 28, 8.30 p.m.) SYDNEY, Jan. 28 On the Sydney Stock Exchange today industrials were steady, but there was very little business done. Banks were almost neglected. Business included:— £ s d Bank New South Wales .. 33 5 0 Tooth's Brewery . . .. 2 16 D Anthony Hordern 0 18 10'/, Associated News (pref.) . . 14 3 British Tobacco .. .. Q .10 0 Ditto (pref.) . . .. • 111 (5 Broken Ilill Proprietary .. 3 2 3 Colonial Sugar .. .. 40 17 0 Dtinlop-Perdriau .. . . 13 0 Electrolytic Zinc .. .. 2 8 0 General Industries .. .. 10 3 Gordon and Gotch .. .. 2 12 0 Mauri Brothers .. .. 3 11. 0 United Provisions .. .. 0 7 1 W. H. Soul .. .. -1 r, 0 Wilcox Moffliu .. .. o io r> Woolworths . . . . 15 7'/a Ditto (2nd prof) .. 10 0 Emperor Mines .. .. 0 12 8 Mount Lycll .. .. 1 11 II Mount Morgan .. .. 0 0 10 North Broken Hill . . .. 2 13 9 Placer Development .. . . 0 12 8 Bonds.—3 3 /. per cent, 1910, £lO2 7s fid; •1 per cent, 1938, .£lOl 12s fid; 1914, X'lo4 ir>Si 1950, £ 105 12s (id. MELBOURNE EXCHANGE The Melbourne Stock Exclinngo market was duller than it has been for a considerable time. Sales included: — £ s d Broken Hill Proprietary .. 3 2 3 Dunlcp-Perdriau .. • .. 1 3 f) Drug Houses .. .. 10 0 G. J. Coles . . .. .. 4 4 0 Broken Hill South . . . . 114 9 Emperor Mines .. .. 0 12 0 Loloina .. .. .. 0 IS 3 Mount Lyell .. ' .. 11l 7% North Broken Hill .. .. 2 13 U SUGAR BEET INDUSTRY

DOMINION EXPERIMENTS INVESTIGATION OF COSTS [BY TELEGRAPH —OWN CO II It HSPONDI'.NT] Vf ELLIN (I TON, Friday Tlio possibilities of tho sugar boot industry in Now Zealand are being investigated by tho Department of Agriculture, which last year undertook large-scale experiments to obtain somo idea of the actual cost of production and to find out what processes were involved in cultivation under New Zealand conditions. Some very satisfactory yields were recorded. The costs of production varied considerably, depending largely on tho weather and the cost of the labour involved. In some districts skilled labour for thinning the crops was more readily available than in others. Tho actual production costs, exclusive of harvesting charges, ranged from about 14s to about £2 a ton of washed beet, and the department considers that with the information now available these costs could bp appreciably reduced. Nine experiments arc being carried out this year, including two in tho Hawke's Bay district, as tho department realises that to obtain definite information trials will have to bo carried out Over a period of years. "Our experiments have proved that we can grow sugar beet in New Zealand and that the climate is admirably suited for it," said Mr. J. W. Woodcock, crop experimentalist in tho Department of Agriculture. "What has to be ascertained is tho cost and labour involved in the actual growth of beet under farm conditions. Tho whole point in deciding whether tho sugar beet industry in New Zealand is worth going on with or not will depend, in addition to the agricultural side, on tho economics of manufacture, plus the possibility of obtaining a sufficient acreage of beet over a number of years to maintain a factory. That is a matter for tho Bureau of Industries to docide."

SOUTHDOWN RAM FAIR OFFERING AT CLAUDELANDS KEEN BIDDING LACKING [from OUlt OWN correspondent] HAMILTON, Friday A lack of animated bidding marked the seventh annual Southdown ram fair, conducted by Messrs. Wright, Stephenson and Company. Limited, in conjunction with Messrs. G. W. Vercoe and Company, Limited, at Claudclands yesterday. About 700 stud and flock Southdown rams, ewes and lambs were on sale. Flock rams were sold at prices reaching Bjgns., but sales in the special stud section were retricted, many not reaching reserves. Little interest was aroused by tho imported stud ram, Sandrinscham 11. of 1935, which was bred on the late King George V.'s estate at Sandringr ham, and which was offered on account of Sir. G. Salway, of Whatawhata. It was finally sold to Mr. P. McNauiihnon, of Morrinsvillo, for 30«ns. Twenty extra good one-shear mm? from Mr. A. L. Wlieoler, of Marton. met with a keen inquiry and sold readjly ut pricos up to BJgns. A lino of 104 particularly Rood sheep, ox Messrs. H. and S. Rhodes, of Patorangi, was keenly competed for and sold to 7igns.

An entry from Mr. 13. Symes, of Otorohanga, sold to Gigns., while eight rams from Mr. W. S. Harbutt, of Cambridge, sold from 4Jgus. to Ggns. Prices, ranging from 4gns. to SilunH., were obtained for an entry from Mr. W. S. Gormann, of Paterangi, and a largo consignment from Mr. It. ltcid. of Mastertou, sold to s{gus. The advertised stud sheep on account of Mr. G. Salway, of Whatawhata, did not meet with the demand anticipated and pricc6 throughout wero not high. A six-tooth stud rain Eopuiti 16 of 34, by Killeymoon 201 of 32. bred by and sold on account of Mr. B Symes, of Otorohanga, was purchased by Mr. T. H. Henderson, of Horsham Downs, for 20gns. Ram lambs on account of Mr. G. Salway, of Whatawhata, sold from Signs, to figus, and ewe lambs from the same vendor sold to 2gns.

GOLD AND SILVER QUOTATIONS IN LONDON LONDON, Jan. 27 Fine gold is quoted to-day at £6 19s 6d an oz., compared with £6 19s 7\d yesterday. Silver is quoted at 20Jd an oz. spot and 20d forward, compared with 20Jd and 19 16-10 d yesterday. The quotation for silver at per fine oz. is 21gd, compared with 21 11-ltid yesterday. The following is a summary of the fluctuation in tho price per ounce oi fine gold this year:— •• £ 8 u Highest price, January 8 0 10 OVa Lowest price, January 3 .. «1» 5 January 2IL 030 8 January 22 ' J" Vj January 24 .. . . 010 7/ a January 25 « ■}» 7 January 20 .. . • • • £lO i/ 3 January 27 . . • • .. 010 6 NEW PRIVATE COMPANIES The following private companies have been registered in Auckland: — Quality Fruits (N.Z.), Limited, preserved food manufacturers. Capital, £2OOO in £l shares. Subscribers: C. 11. Knight. 1400 shares: Miss K. A. Knight, 500; Mrs. M. B. Knight, 100. James W. Goodhew, Limited, provision merchants. Capital. £SOO in £1 shares, Subscribers: J. W. Goodhew, 499 shares j Mrs. T. C. Goodhew, 1.