COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18190, 11 September 1933, Page 3

COMMERCIAL

SYDNEY STOCK EXCHANGE TRADING- SHARES IN DEMAND SYDNEY, Sept. 8. On the Sydney Stock Exchange the main features to-day wore a further hardening of Government bonds and a strong demand for retail trading shares. Sales : Bank of New South Wales, £n2 17s 6d; Commercial Bank of Sydney, £l7 18s; National Bank, ,C 5 paid, £6 7s; Colonial Sugar, £59 ss; Associated News, 8s lid; Burns, l’hilp, 52s 9d; ditto, New Zealand delivery, 52s 9d; British Tobacco', 365; Berlei. paid, 25s 9d; Australian Glass, 48s 9(1; Goldsbrougli, Mort, 29s 9d; Anthony Hordern, 11s; ditto, pref., 19s 9d; Farmers. 14s; David .Jones, 29s 6(1: Lustre Hosiery, 14s 6d; Newcastle Gas, C, 12s; Greater J. D. Williams, 7s; Ilenry Jones, 27s 9d; Millaquin Sugar, 28s; Electrolytic Zinc. 23s 9d: Broken Hill Proprietary, 38s; South Brokens, 61s; Mt. Morgan, 465; Mt. Lvoll, 225; Bulolo Gold. 935; Commonwealth Bonds, 4 pur cent., 1938. £lO3 10s ; 1941. £104; 1944, £lO4 10s; 1947, £lO5 7s 6c!: 1950. £lO4 3s 9d: 1953. 0104 7s 6d; 1955, £lO4 7s 6d; 1957, £lO4 17s 6d : 1961, £lO5 12s 6d. SYD.YMY, Sept. 9. Investment stocks arc quieter. Iml mines are active. Carlton Brewery, liSs; Associated News (£t shares), lSs; Burns, Phil]), 52s 9<l; .Ml. I,veil. 225; Bulolo, 98s; Mt. Morgan. 4tis, 475; New Guinea Gold, 8s Id, Ss 2d. Ss 2d. MELBOURNE, Sept. 8. ' Sales: Adelaide Steam, 24s 2d; Gordon and Goteh. pref.. 335; Herald, Times, 42s 3d; Dunlop Perdriau, 18s 3d; National Bank. £5 paid. 06 6s; ElectroIvlic Zinc. pref.. 345. MELBOURNE. Sept. 9.

Bonds. 4 per ( > cnl i 1988, £IOB as; 4 percent, 1959, 01 da 2s (id; Ml. Morgan, 4(!s 7d. 475. SHEEPSKINS AND HIDES FURTHER PRICE INCREASE A furher geiior.il price increase is reported by Messrs. Murray, Roberts and Company in regard to the sale of sheepskins and hides at Wellington on Friday. The firm’s report states; — “Competition was exceptionally animated, with a general advance in values .all round, excepting in the case of calfskins, which receded slightly from the high level touched last sale. Medium and coarse sheepskins were jd to ijd dearer, fine woolled lots advancing fully Id. “Hides elicited very keen competition, (both tanners and exporters bidding freely. Light ox advanced ]<l to Id for lightest weights, medium and heavy weights advancing Jd to : {d. In cow hides, there was an advance of 3d to Id in all grades. Kip wfre fully firm, while calfskins showed a decline of up to Id.

“Tallow was very firm, with a hardening tendency. ’ ’

HOME STOCK MARKET LONDON, Sept. 9. Latest quotations on the Srnithlield meat market are as follows: — New Zealand lambs.—Selected North Island, including ’Downs, 361 b and under, T^d. Argentine chilled beef.—Ox fores, 160 to 2101 b, 2|d. New Zealand pigs.—First quality, 60 to 801 b, 6(1; ditto. 81 to 1001 b, sjjd ; ditto, 101 to 1201 b, s£d. Australian pigs.—First quality. 60 to ICOlb, average about 801 b, 5-jd; ditto, 101 to 1201 b, 54c1 ; others unchanged. London markets

The Bank of New Zealand is in receipt of the following advice from London as at the close of business last week: — “Wethers: The market is steady. Ewes: The market, is quiet and unchanged. Lambs: There is a moderate demand and prices are firm. Quotations; Wethers, light 4 l ',d to s£d. heavy 3jjd to 3jd; ewes, 2jd to old; lambs, twos 7d to eights 6‘d to 7id, fours 6d to o.l(I, seconds 6£d to 7d.”

ADDINGTON PRICE RECORDS Following on last week’s heartening auctions Addington market on Wednesday established new highest price records in two sections at least, and no other market in 1933 has reached the ail round level of this week s. The top price of 33s 10d for fat ewes was reminiscent of the time when there was good profit in fattening and to match it comparisons must go back more than four years. One big line of fat ewes averaged 30s a head. In Mai’ch of this year Hie same class of sheep were worth 9s to 10s 6d and during the corresponding period last year were worth 13s to 15s. The, top price for cattle ori Wednesday—£l4 12s 6d—was the highest price paid for steers at an ordinary market at Addington this year. Store sheep at up to 23s also made a record for 1933. But while fat sheep are bringing sgd lo 6ld a pound, fat cattle bring up to 3d a pound only. Spring lamb is selling at lid to 12(1 on the hoot. CANTERBURY MARKETS Knell week records a further weakening in the potato market mid to-dav’s price for whites for prompt delivery is down to 55s a ton, f.0.b., sacks included, states a Christchurch message of Friday. The mid-week steumei took only a few hundred sacks for the North but this small quantity failed to stimulate inquiry. More potatoes are new being offered to merchants, who, however, have to liml a market for what they have already bought. After the strong 'position of I’ll;* market earlier in the season, as a result ot export to South America, the development is very disappoint ing. Fowl feed is u little firmer, there being more inquiry. Good quality is worth to 8s tid a bushel, f.0.b., sacks extra. There is no movement in either oats or chaff. The small quantity of oats required in the North is being provided by cheaper quotations from the South.

OPOTIKI STOCK SALE Reporting on the Opotiki stock sale on Thursday, tlic Now Zealand Fonn mul Morcnntilo Agency Company states that thoro was a full yarding of store cattle, which met with poor competition, flood dairy heifers, close to profit, sold well, hut backward culvers were neglected. Prices were: Fat cows, to Clt: bullocks, to £3 f>s; forward cows, to 311 s; store cows, to 15s; baconers, to 12s (id; three-year steers, £3 to £3 f>»; yearling steers, to 28s; two-year steers, to ,C2 11s; yearling heifers, good cal vers, to £2; others, to 30s; Jersey bulls, to £3; potters, to 375; dairy cows, to £3; heifers, to £ 5 ss.

Messrs. Dalgety and Company have received the following advice from London, dated September 9: —“At the next London wool sales a strong demand is expected for merinos and line crossbred. Prices will probably be 10 to 15 per cent, higher, whilst crossbreds, other descriptions, will be 10 per cent. higher, as compared with last sales.”