COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18058, 7 April 1933, Page 2

COMMERCIAL

SYDNEY STOCK EXCHANGE MODEKATE BUSINESS (Elec. Tel. Copyright—United Press Assn.) SYDNEY, April 5. On the Sydney Stock Exchange today there was a moderate turnover, with only slight price fluctuations. Sales: Commercial Bank of Sydney, £ls 15s; Bank of New Zealand, 445; Colonial Sugar, £55; Burns, Philp, 50s Gd; Associated News, 7s 6d; prof., 17s 6d; British Tobacco, 34s 6(1; ditto, New Zealand delivery, 34s Gd; Australian Glass, 475, ditto, New Zealand delivery, 475; Goldsbrough, Mort, 235; Winchcombe Carson, 23s 3d; Tooth’s, 35s 9d; Carlton Brewery, 35s lOkl; Broken Hill Proprietary, 30s lkl; North Broken Hill, 62s Gd. Commonwealth bonds, 4 per cent., 1938, £103; 1941, £lO3 ss; 1944, £lO3 15s; 1950, £lO2 12s Gd; 1953, £lO2 15s; 3955, £lO2 17s Gd; 1957, £lO3 12s Gd; 1959, £lO3 17s Gd; 1961, £lO2 ss. MELBOURNE, April 5.

To-dav’s sales included: Metropolitan Gas, £l2 ss; Australian Glass, 475; Herald and Weekly Times, 55s Gd; Nestles, prof., 32s 9d; Dunlop Perdriau, pref., 32s 9d; Goldsbrough, Mort, 22s lid. HASTINGS STOCK SALE PAT LAMBS FROM NUHAKA Fat stock sold well at the Hastings stock sale on Wednesday, but botli store sheep and store cattle did not attract so much interest as last week. Included in the offering of fat sheep was a line ol 276 blackfaced lambs from Nuhaka. They were in prime order, and sold at 12s Bd. The official report of the stockbrokers states: —The - cattle yarding comprised 400 fats and 600 stores. Fat cattle sold at recent rates, the primer sorts meeting a specially keen demand. The bidding on store cattle was not as keen as last week, about 60 per cent, being sold under the hammer. The sheep yarding comprised approximately 4700 fats and 7000 stores. Fat sheep again sold well, being above schedule rates and a com plete clearance was made. Store sheep were only in fair demand, with the exception of store wethers, which sold well.

The following is a rang© of prices : Fat bullocks, prime heavy, £7 10s to £S 10s, export weights £5 15s to £7; fat heifers, £3 to £4 15s; fat cows, £3 5s tr £4 15s; light, £2 to £3; fat and forward bullocks, £3 17s 6d to £4 10s; bullocks, £3 5s to £3 15s; 2|-vr. steers, good, £2 10s to £3; store cows, 30-s tu 38s; fat wethers, 11s 6d to 14s . fat ewes, 6s to 9s; fat lambs, 9s 6d, light, to 13s 6d; f. and f. wethers, 9s 6d to 11s Id, f. and f. lambs, 8s to*9s Id; store ewes, 2s to 4s 6d. SYDNEY WOOL SALES , .SYDNEY, April G. At the wool shies 10,515 bales were offered, of which 9523 were sold, and 2195 halos were disposed of privately. There was good general competition, including strong local support. Greasy merino made 23d. ADELAIDE PRODUCE MARKET ADELAIDE, April 5.

Wheat, growers’ lots, 2s GJd; flour', bakers’ lots, £7 15s; bran and pollard, £7 17s Gd; oats, Is 5d to Is Gd.

TASMANIAN POTATOES BIG CROPS STILL BEING DUG DEVONPORT (Tas.), March 25. The shipment last week of potatoes from the north-west exceeded 34,000 hags, and the total to date has been 286,000 hags, against, 223,000 for the same period last your. The big shipment last week did not depress the market appreciably, owing to the heavy demand from ports north of Sydney. Queensland is drawing freely this year owing to the scarcity of prime quality from Victoria, it is stated. A remarkable feature of the market has been the equal quoting for Bismarcks and Brownells, due to the super quality of the Bismarks this season, owing possibly to the dry summer. Local values during the week were £4 5s for good quality Redsoils. In instances special qualities of Brownells made 5s more. It is the general opinion that potatoes will see better money before the season is out. CENTRAL ARGENTINE MAIZE LONDON, Feb. 22. According to a. telegram posted in the Stock Exchange yesterday the Central Argentine Railway lias received advices to the effect that the maize crop in its territory has not suffered material damage from locusts. In view of the severe character of the recent locust invasion in the northern provinces of Argentina and in Uruguay this news is very reassuring. It is of particular importance to the Central Argentine because of the large contribution which maize makes to the total traffic of that line; in the year 1931-32 the company transported the record quantity of 4.854,000 tons of maize, which, as usual, was a maize tonnage larger than that of all the other railways put together. British rayon production in January was 5.930,0001 b, against 5,520,0001 b in December and 6,440.C001b in January, 1932. It is authoritatively stated that Duns and Bradstreet, two of America’s oldest mercantile agencies, have arranged to merge. Although values are still at low levels there was a very noticeable improvement in the demand for potatoes at the Auckland City Markets on Tuesday. Some substantial buyers were operating and prices showed an advance on last week. The possibility of the lifting of the Australian embargo has no doubt improved the tone of the market. In spite of reduced prices for butterfat there was an excellent demand when 1180 butter and coal and timber shares of the New Zealand Cooperative Dairy Company, Limited, were offered at public auction in Auckland on Tuesday by E. C. Day, Limited. All the shares offered were sold at increased prices, compared with the last sale.