COMMERCIAL

Poverty Bay Herald, Volume LXI, Issue 18499, 11 September 1934, Page 10

COMMERCIAL

PRICES UNCHANGED SYDNEY WOOD SALES SYDNEY, Sept. 10. At the wool sales, 8983 bales were offered, of which 7311 were sold; 1195 hales were disposed of privately. There was good competition from .Inpan and Yorkshire, and an increased demand from the Continental sections. Prices were linn and unchanged at lust week’s closing rates. Greasy merino llcceo made to 15jd for five bales from Boumi.

THE MAIZE MARKET FAIRLY STEADY DEMAND There lias been a fairly steady demand for Gisborne maize over the past few weeks, although at present the market remains comparatively quiet at 3s per bushel for prompt shipment and 3s Id for October and November delivery. The inability of Bay of Plenty farmers to shell their maize (Ids winter lias lelt the field open for Gisborne farmers to sell on the early market, a privilege usually secured by the Bay ol Plenty. Wet weather in the Bay of Plenty lias been the reason for keeping shelling back, and it is reported that many pad docks are so dump that it is impossible to work in them. SYDNEY STOCK EXCHANGE SYDNEY, Sept. 8. Sales on the Sydney Stock Exchange to-day included: Commonwealth bonds, 3j- per cent., 1910, £102; 4 per cent., 1957, £IOB 17s 6d; Bank of New South Wales, £52 2s 6d ; Australian Gas, A, £7 18s; Tooheys, 28s 6d; Anthony Hordern. Ids 6ii; ditto, prof., 23s 6d ; Associated News, pref., 23s 6d; British Tobacco, 57s lOid; Colonial Sugar, £56 12s 6d; Dunlop Perdriau, 20s 6d; James Stcdman, 15s 7jd; Wilcox Mofflin,' 12s lCd. . BRITISH STOCKS FIRM LONDON, Sept. 7. A feature of business on the Stock Exchange to-day, which was generally very restricted, was the continued investment demand for British Government securities. The per cent. War Loan was unchanged at £lO5 Is 3d ; the 3 per cent. Funding Loan strengthened to a new high record of £99 12s 6d, flic Consolidated 4 per cent, to £ll2 Is 3d, and 3 per cent, local loans to £92 17s6d.

BRITISH TREASURY BILLS LONDON, Sept. 7. The total amount applied for in today’s tenders for £35,000,C0G of Treasury bills was £54,370,000. The amount allotted in bills at three months was £■32,000,000. The average rate per cent, was 12s 10.9 d, as compared with 14s 4.47 d a week ago. MOTUROA OIL WELLS The following report for five weeks has been received from Moturoa Oil Fields, Limited, New Plymouth Moturoa No. 4 well produced 6205 Imperial gallons of crude oil. Total production to date, 30.570 imp. gallons. Moturoa No. 2 well produced 11,655 Imperial ’ gallons of crude oil. Total production to date, 559,619 Imperial gallons. The price of pepper is becoming pretty “hot,” a Christchurch importer told a Sun reporter. It had advanced throughout the world during the past two months, lie said, and the effect was nowbeing felt in New Zealand. Pepper will probably be retailed at 3d a 11) above normal, though it is not anticipated that it will rise any higher. The cause of the advance, the merchant considered, was probably the speculating of some man or group who had cornered the market. ■