COMMERCIAL

Poverty Bay Herald, Volume LIX, Issue 17957, 8 December 1932, Page 2

COMMERCIAL

BUSINESS QUIET SYDNEY STOCK EXCHANGE , < t (Elec. Tel. Copyright—United Press Assn.) SYDNEY, Dec. 6. Business on the Sydney Stock Exchange to-day was quiet. The only notable feature was the recovery of Bank of New South Wales to £3O 17s 6d. Commercial Bank of Sydney relaxed to £l6 7s 6d. Colonial Sugar, £53; Fairymead Sugar, 26s 6d; Tooths, 355; 'Dun-lop-Perdriau, 16s 6d; Henry Jones, 375; Australian Glass, 43s 9d; North Broken Hill, 70s 3d. Commonwealth loans were slightly firmer. Morning sales : Commonwealth Bonds. 4 per cent.. 1938. £lO2 10s; 1941. £ICO 18s 9d; 1944, £101; 1947, £lOl 7s 6d; 1950. £lOl 11s 3d; 1953, £lOl 17s Gd ; 1957, £IOO 11s 3d; 1959, £lOl. Broken Hill Proprietary, 25s 6d. MELBOURNE. Dec. 6. Sales included: Herald and Weekly Times, 555; British Tobacco, 325: Electrolytic Zinc. 16s 10d; South Broken Hill, 46s 6d; North Broken Hill, 71s; ML Lyell, 23s 3d. THE PRICE OF GOLD

(Received Dec. 8. 11 a.m.) LONDON, Dec. 7. The price of gold receded still further to-day to £6 8s Id. THE LONDON SALES r -) “ i m . ACTIVE COMPETITION (Received Dec. 8, noon.) LONDON, Dec. 7. At the wool sales, 7832 bales were offered, including 2606 for New Zealand, and about 5913 were sold. There is a goes' selection and active home and Continental competition. Better growths realised full rates. Crossbreds and inferior merinos sold irogularly and lower than recent rates. New Zealand sales; Greasy linlfbred, Claverley, lid, 10!>d; Hakowhai, 8-ld, 7d. SYDNEY WOOL SALES SYDNEY, Dec. 7. At the wool sales 12,402 bales were offered and 11,662 sold, and 366 bales were disposed of privately. There was excellent competition and good clearances were made, prices being very firm. Greasy merino made 19pl. NAPIER WOOL SALE r-t- 7 •Messrs. Murray, Roberts and Com•tany report holding their first, wool sale of the season in Napier on Tuesday night with a full bench of buyers. Out of a total-of 27,000 bales the company offered 4302. The new season’s ■lip- was very outstanding, both in quality and yield, and such wool had lot been seen for some time. The -ompotition came mostly from the Continent, whilst Bradford was extremely quiet.’ .Wools of 48’s quality aiul better sold very well at extreme competition, whilst 46’s and under wero -keenV sought after at very low prices. Sleeks, .pieces and bellies, if showing quality, were eagerly competed for md comparatively, were the dearest 70oIs pn the market. The following are some of the wools offered by the company:— Punake.—4 bales AE, 4d; 4 BE, 2<l ' p); 11 ilB, 2d (p); 9 OK, 2d (p); 4 f), 2Jd; 3 lambs, fxl; 2 lambs, 3d; 2 'ics, 3jd; 1 xbd 3LI; 2 hgt, 3|d; 1 pcs end bels, 23d; 1- xbd, B}d; 5 Ist E pcs, 2Jd‘; 3 bels, 2d; 1 Iks and pcs, IJd. MB/G.-4 A ewes, 4d; 1 xbd, 3-}d. HG/TUP.—4 B hgt, 3d (p); 1 xbd, ‘Ud; 2 Xbd, 43d; 1 pcs, 2.}d; 1 lbs, 2Jd; I*H, 4d.

PR/T,—B bales A hgt, fid; 13 BIT, 33d (p); 6 CII, 3-id; 48, 3d (p); 4C, 2id (p); 5 Ist ctgs, 2d; 2 necks, 4d; 1 xbd, 3d; 3 bis, 2-id; 2 ctgs, 2 id; 1 etgs Id:2 xbd,.33d; 1 pcs,-2}d. BLK. —-1 bale xbd, 2}d; 2 xbd, 3*}d; 1 xbd; 3Jd ; 1 xbd, 2*d; 1 xbd, 43d; 1 xbd, 2d; 1 Down, 9Jd; 1 ctgs, 2d; 1 pcs;. 2fd; 1 lambs, 3d. MTBII.—3 -bales hogt, old; 1 xbd, 4Jd; 3 hogt, 4ld; 1 ctgs, 2iel; 1 xbd, 3}d.

Wliaka/Z. —2 bales liogt, old; 3 bogt, 4}d. To Ivoa. —2 bales liogt, 43d. EC/TKA. —2 bales -hogt, 3fd. 1 LONDON FROZEN MEAT MARKET Messrs, Common, Shelton and Company are in receipt of the following information regarding the London frozen meat market: “There is a poor demand off hooks; ex store prices for frozen are slightly weaker, and hade is negligible; home killed supplies are heavy. ’ ’ THE MAIZE MARKET After a quiet period in the Gisuorno maize market, a little inquiry lias developed from Auckland for prompt shipment, but only small quantities have gone forward. Buyers countered the quotations of Gisborne merchants by offers of 3s lOd, f.o.b. Local merchants stood firm for 4s, but a few small parcels went forward at 3s iOd. It is believed that tho market will settle down at about 4s a bushel, but that little business can be looked for during the hot weather, when tho demand is usually small.

The real estate market in Dunedin which showed considerable activity towards the latter part of the wintei, quietened down in September, but the advent of summer has marked a renewal of inquiries, for all classes of property. The New Zealand Loan and Mercantile Agency Company have received the following advice from London dated December 7; “Butter, 83s to 84s; the market is weak. Cheese, white 60s to 61s; colored 59s to 60s; the market is slow,”