COMMERCIAL

Poverty Bay Herald, Volume LIX, Issue 17950, 30 November 1932, Page 12

COMMERCIAL

SYDNEY STOCK EXCHANGE A SLUGGISH MARKET (Elec. Tel. Copyright—United Press Assn.) SYDNEY, Nov. 28. On the Sydney Stock Exchange to-day the uncertainty concerning the war debts situation continued to affect the investment market, which was sluggish. The only notable feature was a recovery in Colonial Sugars. ■Sales: Union Bank of Australia, £9; Colonial Sugar, £55 7s 6d; Carlton Brewery, 35s 9d; Australian Gas, A, £6 19s 6d; Henry Jones, 37s 3d; British Tobacco, 34s lO^d; ditto, Melbourne register, 355; Dunlop-Perdriau, 17s 3d; Winchcombe, Carson, 235; Goldsbrough Mort, Ms 9d; Tooth’s, 35s 9d; Tooheys, 21s 7£d; Berlei, pref., 24s 6d; Broken Hill Proprietary, 245. Commonwealth bonds. 4 per cent., 1933, £lO2 10s : 1944. £lOl 2 S 6d; 1947, £101; 1950, £lOl 2s 6d; 1953, £lOl 10s; 1955, £lOl 16s 3d; 1957, £IOO 10s ; 1959, £IOO 8s 9d; 1961, £lOl. Morning sales: Commonwealth bonds, 4 per cent., 1933, £lO2 10s; 1941, £IOO 17s 6d; 1950, £lOl 2s 6d; 1953, £lOl 10s; 1959, £IOO 12s 6d. British Tobacco, 34s 7|d ; Colonial Sugar, £55; DunlopPerdriau, 17s 3d; Morris Hedstrom, 17s 9d. MELBOURNE, Nov. 28. Sales: Dunlop-Perdriau, 17s; ditto, pref.,.32s 3d; Mount Lyell, 22s 4^d. DAIRY PRODUCE MARKETS REACTION TAKES PLACE A slight reaction has taken place in the London butter market after the first sudden rise in Values at the beginning of the week. The prices for New Zealand butter increased by 6s per cwt. from the lowest level, but to-day’s advice shows that finest lost 2s of the advantage it gained early in the week and that first grade went back Is. However, quotations made available to-day are still 4s and 5s per cwt. above the lowest point reached towards the close of last week’s business. Cheese continues to be very scarce, with colored now unavailable. .Joseph Nathan and Company report to-day as follows:—“Butter, finest 90s, first grade 89s; the market is quiet with sellers pressing for orders. Cheese, white is selling at 63s and is very scarce, on spot, while the colored market is clear.” The rise which occurred in the butter market early this week was apparently anticipated by both buyers and dairy factory directors. When prices had fallen to 85s, with no sign of an improvement, offers of 9£d per lb, f.o.b.equal to about 90s per lb on the London market, were, received by several Taranaki factories. No announcement has been made of any factory accepting tho offers. Auckland advice states that f.o.b. offers went up to 9|(l per lb at the end of last year. GOLD AND STERLING (Received Nov. 30, noon.) LONDON, Nov. 29. The price of gold to-day is quoted at £6 9s 3Jd. Sterling on Ne.w York is 31&i seats.