COMMERCIAL

Poverty Bay Herald, Volume LIX, Issue 17945, 24 November 1932, Page 2

COMMERCIAL

trading quiet

SYDNEY STOCK EXCHANGE

,H.r. T.l, With both buyers and sellers marking time, business on the Sydney Stack Exchange to-day provided no new features. Trading was quiet. The trend of values of the gilt-edged group was mostly sides; Bank of New South .Wales, £3O lOs • National Bank of Australasia, £5 paid’ £6 7s 6d; Colonial Sugar, £52 2s U; Burns, Vhilp, 48s 9d; Victoria Nvanza, lbs; Australian Class, 44s feu, Henry Jones, 39s 4£d; Tooth’s, 375; Dunlop-Perdriau, 17s 3d ; Gordon and Gotch, 325; Goldsbrough, Mart, 25s 4 Ad: Greater J. I). Williams, 5s 7u, Morris Hedstrom, 18s; Electrolyltic Zipc 17s 9d; Mount Lvell, z,2s 4^d; BiOken Hill Proprietary, 25s 3d; South Broken Hill, 48s 6d; North Broken Hill, 745; New Zealand Government debentures, 5i per cent., 1937, £lll. Commonwealth bonds showed little variation. . Morning s<ilgs : Commonwo<ilth boncis, 4 per cent., 1938, £lO2 15s; 1941, 16s 3d- 1944, £lOl 7s 6d; 1950, £lOl 2s 6d; ’ 1953, £lOl 7s 6d; 1955, £lOl 15s; 1957, £IOO ss; 1959, £IOO 8s 9d; 1961, £IOO 15s. Broken Hill Proprietary, 25s * 6d; Goldsbrough, Mort, 25s ; Henry Jones. 39s 4^d. MELBOURNE, Nov. 22. Sales: Goldsbrough, Mort, 25s 3d; British Tobacco, 355; Dunlop-Perdriau, pref., 325; Electrolytic Zinc, 17s 9d; Herald-Times, 57s 3d; South Broken Hill, 495 ; North Broken Hill, 74s 3d. GISBORNE CATTLE SALE IN WAIKATO The Farmeis’ Co-operative Auctioneering Company reports having held a special sale of Tokomaru Bay and Gisborne cattle in thg Morrinsville saleyards last week. The cattle looked particularly well after their long journey to the Waikato. The quality of the whole yarding was exceptional, and particular interest was shown in the three-year-old empty heifers, and good prices resulted.

There was a large attendance of buyers from Waikato and South Auckland districts, and taking the sale all through good competition was experienced, the whole yarding changing hands. Values were: Three-year Hereford Steers, £2 15s; three-year Holstein steers, £2; two-year Holstein steers, small. 14s; two-year Hereford and Polled Angus steers, £2 5s to £2 6s; run Polled Angus cows, £1 4s to £1 14s; one-year Polled Shorthorn steers, £1 6s to £1 8s; three-year Polled Angus and Hereford heifers, £2 4s to £2 17s; two-year Polled Angus and Hereford heifers, £1 5s to £2 3s; yearling Polled Angus and Hereford heifers, 12s to £1 3s. ]f THE BUTTER MARKET Prices for New Zealand (butter continue to decline, and a further droj -of Is ’per ewt, on first grade and fines! New Zealand is announced in to-day h quotations, compared with yesterday’s advice.

Joseph Nathan and Company advise to-day as follows:—“Butter, finest 87s. first grade 86s; 'the market is weak Cheese, white 61s, colored 595; the market is firm.’* The New Zealand Loan and Mercantile Agency Company have received the following advice from London dated Nov ember 23:—‘‘Butter, 86s to 87s; the market is' weak. Cheese, white 60s to 61s, colored, 58s; the market is steady.”

BANKS’ VIEW OF PUBLIC DEBTS

The annual convention of the American Bankers’ Association, which sat at Los Angeles last month, adopted tho following motion: —“The association goes on record before the people of this country as insistently demanding the reduction of public expenditures and as being unalterably opposed to the continuation of tho present high rate of taxation and the progressive piling up of public debts.’’ The Federal Government at about the same time took the first step to convert floating .debt into longer-term securities by the issue of 333,000,000 dollars of 44-year 3 per cent, taxexempt Treasury notes.