COMMERCIAL

Poverty Bay Herald, Volume LXI, Issue 18348, 16 March 1934, Page 4

COMMERCIAL

HEAVY TRADING SYDNEY STOCK EXCHANGE (Klee. Tel. Copyright—-United Press Assn.) SYDNEY, March 14. On Hie Sydney Stock Exchange to-day there was it heavy turnover. Tin scrip was in strong request. Quotations for gilt-edged and most classified stocks underwent only minor alterations. Brewery shares strengthened. Sales : Bank of New South Wales. £34 12s 6d : Commercial Bank of Sydney, £18; National Bank of Australasia, £5 paid. £6 10s; Colonial Sugar, £65 12k 6d ; ditto. New Zealand delivery, £65 12s 6d. Associated News. 22s lid ; Burns I ’hi I n South Sea, 211 s : Berloi, 30s 9d : British Tobacco, 38s 6d ; Tooths, 44s 3d : Toohevs, 27s 6d : Australian Glass. 52s fid. Dunlop Pcrdriaii, 19s 41d ; ditto, prel., 34s 3d; Goldsbrough Mori, 33s 9il; Winchcombe Carson, 30s l.',d ; WilcoxMofflin, 13s lOd ; Morris Tledstrom, 17s; Heiirv Jones. Now Zealand delivery, 34s 9d ; Lustre Hosiery, 24s 4 3d ; Standard Cement, 17s 9d : Drug Houses of Australia, 18s 7i„d ; United Provisions, 9s 9d. Afount Af organ, 2-1 s 9d; Alount Lyeil. ?4s 6d : Broket) Hill Proprietary. 465; South Broken Hill. 735; North Broken Hill, 93s 61I: Kuala Kampar, 14s 7d. Morning sales included -. Commonwealth Bonds, 4 per cent., 1938. £lO4 2;s 6d: 1941. £lO4 16s 3d. £lO4 15s; 1944. £ 106 12s 6cl; Bank of New South Wales. £34 12s 6d; Toohevs, 27s 6d ; Associated News, 22s 3d; ditto, prof.. ?3s 6d; Australian Glass. 535; British Tobacco, 38s 74si, 38s 6d ; Colonial Sugar, £65 12s 6d; Lustre Hosiery, 24s 4.jd : Winchcombe. Carson, 30s l^d. MELBOURNE. ALurh 14. Sales oil the Melbourne Stock Exchange this morning included • National Bank of Australasia. £5 paid; £6 10s 6d ; Ileiahl and Weekly Times. 52>, 6d ; Howard Smith. 15s 10d ; K.S.A. Bank, £5 14s 6<L

HASTINGS STOCK SALE

STORE CATTLE EASIER An casing tendency fur store cattle and for young breeding ewes was noticed at the Hastings stock sale, on Wednesday, hut otherwise values were firm on last week. There was a somewhat patchy sale for breeding ewes. An cntiy of 22.000 store sheep came forward. Values were on a par to slightly easier on last week. Vdung ewes were slightly easier, older ewes making comparatively better sales. Fattening lilies of ewes were in fair demand. making up to 14s 9d. Lambs met a giaod inquiry, with export operators taking an interest in a few well-finished lines that were entered. Wethers were in short supply and made rates on a par with last week. Included in the entries were a few lines of ewes running with the rams, but these did not appear to be ill great demand. The quality of the entry was mixed, with a number of buckcountry lines of lambs and ewes entered. The 25C0 fat sheep on otter were sold to a good demand, which was stronger at the close, when ewes and lambs wore slightly improved and wethers fully firm on last week. There were. .1300 store cattle in the sale, and the tendency was slightly downward. Good quality and well-bred lines were least affected, tile greatest degree of fall being experienced on lighter and poorer lines of cattle. Demand was good and well maintained, although buyers bad evidently reduced their rates in some degree. Some wellbred lines of cattle were- entered, parti cvdarly in the steer offerings, one line of which went, to'£s 15s. Heifers and cows were in only moderate supply, the greater portion of the yarding comprising bullocks and steers. Prices ranged as follows Fat cattle.—Bullocks, medium to prime made £7 7s 6d to £8 10s; others, from £6 7s ; cows, medium to prime, £4 12s 6d to £6; others, from £2 13s 6d; heifers, medium to prime, £4 16s to £6; others, from £4 2is. Store cattle.—-Steers and bullocks made to £5 15s ; cows, to £3 17s 6d : heifers, to £4 12s. Fat sheep.—Ewes, medium to prime, made 17s to 19s 3d; others, from 16s; wethers, medium to prime, 23s to 24s 6d; others, from 225; lambs, from 14s Id to 22s Bd. Store sheep.—Two-tooth ewes made to 20s; four-tooth to five-year ewes, to 23s 6tl ; aged and fattening ewes, to 14s 9d: wethers, to 22s 7d ; lambs, to 17s lOd. A Wairoa line of 87 six and 8-tooth ewes. r.w. Southdown rains since March i 7. medium framed, mixed wool, store conditioned, ex boat, was passed at 16s 8d : a Gisborne line of 84 two-tooth wethers, small framed, 16s 2d. TALISMAN DUBBO DIVIDEND A dividend of JO per cent., equal to 6d a share, lias been declared by the directors of-Talisman Dubbo Gold Mines, Limited, and is payable on March 28. This is the second distribution by‘the company, a dividend of 3d a share having been paid in December. MOLYNEUX GOLD DREDGING LONDON, March 13. The. Molyneux Gold Dredging Company of New Zealand, Limited, issued ],250,000 2s shares. The issue was underwritten. The. issue has been heavily over-sub-scribed.