COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18192, 13 September 1933, Page 3

COMMERCIAL

SYDNEY STOCK EXCHANGE A SLUGGISH MARKET SYDNEY, Sept. 11. On the Sydney Stock Exchange today the market was sluggish, and Commonwealth bonds were generally lower. Leading classified issues were firm and steady. Sales: Bank of New South Wales, £32 7s fid; Commercial Bank of Australia, lfis fid; Australian Provincial Assurance, 11s 9d; Mercantile Mutual, 19s ltd; Colonial Sugar, £59 19s; Australian Gas, A, £7 ss; Berlci, 10s paid, 12s Del; Associated News, prof., 19s 3d; Dunlop Perdriau, 18s 3d; Goldsbrough, Mort, 29s Del; David Jones, 29s fid; Drug Houses of Australia, 19s 3d; Anthony Hordern, 10s Sd; ditto, prof., 19s 9d; Automatic Totes, 13s ?d; Meggits, 20s; Goodyear, prof., 27k Pd; Henry Jones, 38s; Wilcox Mofllin, 9s Bd. •South Broken Hill, fiOs fid; North Broken Hill, 83s; Victoria Nyanza Sugar, 13s lOd; Kuala Hamper Tin, 8s; Mount Morgan, 46s (id; Bulojo Gold, 91s 9d; Bulolo Deposits, Is 7d. MELBOURNE, Sept;. 11.

Bales on the Melbourne Stock Exchange to-day included: Metropolitan Gas, £l2 18s; Dunlop Perdriau, 18s •Id; Herald and Times, 4.1 s 9d; Commercial Bank of Australia, lfis -Id; Mount Morgan, 47s fid; North Broken Hill, 83s; Taranaki Oil, 2s Id; MountLvell, 21s 10}d.

There have been no developments in the wool market to disturb the steady climb to higher prices, and the future is viewed with optimism by Hie trade, reports the Auckland Herald. Tho fifth scries of London sales will open on September 19. ,Values should bo firm on the closing rates in duly, with a possible sharp advance in merinos. The offering from New Zealand will not he very large. The condition of the London market at the sixth series to open on November 21 will have a direct bearing on prices at the New Zealand sales, which open at Auckland on November 27. The New Zealand market is in a position to respond quickly as there is no heavy carry-over of wools, and a lighter clip will be forthcoming this season. The s.s. Mataroa, which will leave for London on Saturday next, will take some 500,000 dozen eggs, from New Zealand. Of this amount 35,000 dozen will come from tho Canterbury province. To ensure that the eggs will ■ arrive in good condition, they will bo kept in cool storage on the voyage to England, and an experiment is being made by one firm with 000 strong cardboard cartons, each holding 15 dozen, which will prevent tho eggs from rolling about within their compartments.