COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18255, 25 November 1933, Page 8

COMMERCIAL

GRAIN AND PRODUCE OGU A ’/p.-'. AUSTRALIAN MARKETS SYDNEY, Nov. 23. "Wheat on country sidings is quoted at 2s l£d for bagged and 2s Id for bolk, which is equal to 2s 9d ex trucks Sydney. ! Flour, £9 a ton. Bran, £4 10s a ton. Pollard, £5 a ton. Potatoes: Tasmanian, £5 to £8 a ton. Victorian, £4; others, £6 10s. Onions: Victorian Spanish, £3 10s to £4 a ton. Oaten hay, £7 10s a ton. Maize, yellow and white, 3s lOd a bushel:’ Wheat: Growers, lots. 2s 6d a bushel. Flour, bakers’ lots, £7 7s rid a ton. Bran and pollard, £5-2s rid a ton. Oats, Algerian, Is 10d a bushel. SYDNEY STOCK EXCHANGE 1 . V )in .' . i-’J <• - ;< A FIRM UNDERTONE SYDNEY, Nov. 2d. The Sydney Stock Exchange market is still sluggish, with a -firm undertone, but Conimnnwbalth Bonds arc weaker. ! Sriles: Bank of New South Wales, ; £32 10s; Colonial Sugar, £Ol ss; Howard Smith,* 12s 7d ;■-Adelaide Steam, 25s 9d; Australian Gas, A, £7 7s; Dunlop Perdriau, 19s 3d; Britsih Tobacco, 38s; Goldsbrough, Mort, 30s 41(1; Tooth’s, 435; Toohey’s, 24s 3d; AuS: Dalian Provincial Assurance, 12s 2d: Anthony Hordern, 13s sd; do., prof,, 225-6 d; 6d; David Jones 35s 9d; Fanners, 18s Gd; W. R. Carpenter, 41s 6d; Millaquin Sugar, 30s Gd; Electrolytic Zinc, 26s 9d; Wilcox Molfiin, 11s; Winchcombe. Carson, 29s 9(1; Australian Iron and Steel, pref., 19s 4sd; Broken Hill Proprietary, 39s Gd; South Broken Hill, 03s; Kuala Kampar, 12s 2d; kit. Morgan, 55s 9d; Bulolo Gold, £5 Us; Bulolo Deposits, 2s 44d. Morning sales included: Commonwealth Bonds, 1944, £lO5 Ss 9d; Bank of New South Wales, £33 ss; Toohey’s, 24s 3d; Tooth’s, 435; -Dunlop Perdriau, 19s 4|d; Goldsbrough, Mort, 30s 4)d. MELBOURNE, Nov. 23.

Sales on the Melbourne Stock Exchange to-day included: —Commercial Bank of Australia, 17s 2d; National Bank, £5 paid, £6 10s; 'Goldsbrough, Mort, 30s 3d; Herald and Weekly Times, 475; Dunlop Pcrdriau, 10s sd; Electrolytic Zinc, prof., 355; North Broken Hill, 84s; Taranaki Oil, 2s sd. CHILLED BEEF SHIPMENTS

The question in regard to tho quality oi' the beef shipped as chilled from this Dominion was discussed at the last meeting of the New Zealand Meat Producers’'’Board, and it was decided that the board should undertake the grading of such beef so that only beef of suitable quality would be exported. In the opinion of the members, the quality of the cattle treated for this trade is a very important 'factor-in its development, and it was considered most essential that shipments of chilled beef, right from the inception, should be confined to cattle of the right type. If New Zealand is to build up a trade it. must start off with suitable cattle, and thus establish a good name for the quality of the beef. CANTERBURY CLIP

For the first time in three years speculation is taking place on the wool market. Some of the bigger fine-wool clips on stations in Canterbury and Marlborough have been bought by speculators, at prices much in advance of those ruling last veav.

This speculation is regarded by brokers as a very healthy sign, for it usually takes place in a period of improving prices. One line of half bred wool, consisting of 200 bales, has been sold to a buyer at an all-over price of 12d a pound, this figure including everything except the locks. Wool of this class sold at about.Bd a'pound at auction last season. Better lines of halfbred have been

bought for 15d in the shed, which is a limit 4d to 5d n pound better than similar wool made last season. Somo Marlborough halfbred and merino clips have been sold at 12d, and the same price has been offered for halfbred 'in North Otago. NEW COMPANIES^ Recent company registrations include the following: Auekland-Gis-borno Transport Limited. Registered as n private company November 2, 1033. Office: 74 Grev street, Gisborne. Capital: £B4O into 840 shares of £1 each. Subscribers: G. Glennie 340, It. J. Gregory 340, IV. Whiting 160. Objects: Motor transport proprietors and incidental. There is still a fair amount of activity among those interested in areas on:the Cromwell Flat and also on Cairmmuir. There seems some prospect of at least one or two groups of areas being developed in the near future;.