COMMERCIAL

Poverty Bay Herald, Volume LXI, Issue 18545, 3 November 1934, Page 12

COMMERCIAL

NO DIVIDEND NORTH CANTERBURY FARMERS (Per Press Assoeiation.) CHRISTCHURCH, this day. The operations of the North Canterbury Sheep Fanners’ Co-operative Freezing Export and Agency Company show a net profit tor the year ended September 80 of £7875, compared with £785(3 last year. No dividend is recommended. The directors propose that £551)0 should be appropriated for depreciation on works and plant, leaving £4284 to be transferred to appropriation account. GRAIN AND PRODUCE AUSTRALIAN MARKETS SYDNEY, Nov. 1. Wheat at country .sidings is quoted at bagged "Is lid a bushel, bulk Is 10Id, which is equal to 2s tid and 2s Old ex trucks Sydney. Flour, £8 a ton; bran, £5; pollard, £5 ss. Potatoes, local, new, £l2 10s a ton, Tasmanian, to £l4; Victorian, to £9. Onions, Victorian, £lO a ton. Maize, white anT yellow, 8s .‘id a bushel. ADELAIDE, Nov. 1. Wheat, growers’ lots, 2s (id to 2s 7d a bushel. Flour, bakers’ lots, £7 17s (id a ton. Bran and pollard, £5 ss. Oats, 2s 3d a bushel. Barley, 2s (id to 2s lOd. SYDNEY STOCK EXCHANGE A HEALTHY UNDERTONE SYDNEY, Nov. 1. The Sydney Stock Exchange market Is generally steady, with a healthy undertone. Banks are quiet. Sales: —Colonial Sugar, £77 7s (id; Associated News, 25s 41(1; Australian Gas, A, £8 Is tid; Bcrlei, prof., 83s; British Tobacco, 41s 9d; Tooths, 41» 9d; Australian Glass, s(is; Goldsbrough Mort, 325; Morris Hedstrom, 17s (id; Henry Jones, New Zealand delivery, B(is (id; Electrolytic Zinc, 27s Shi; Farmers, 25s 10ld; David Jones, 40s fid; Anthony Hordern, His fid; Newcastle, Gas, A, 13s 9d; Australian Iron and Steel, prof., 22s 71d; Ml. Morgan, 84s 9d. Morning sales included: —Commonwealth Bonds, 3J per cent, 1947, £lO7 7s fid; 4 per cent, 1938, £ 10(5 10s; 1941, £lO7 12s fid; 1944, £lO7 15s; 1947, £lO9 J2s (id; 1953, £112; 1959, £111; Colonial Sugar, £77 7s fid; Dunlop Pcrdriau, 20s lid; Goldsbrough Mort, 31s fid; Mcggitts, 21s 9d. MELBOURNE, Nov. 1.

Sales on the Melbourne Stock Exchange to-day included:—-Commercial Bank of Australia, Kis 2d; Goldsbrough Mort, 31s (id; Metropolitan .Gas, £l4 10s; Herald and 'Weekly Times, s(is 9d; Broken Hill South, 80s; North Broken Hill, 98s; Mt. Lyell, 19s lid. RATES OF INTEREST REDUCED BY BANK OF N.S.W. (Per Press Association.) WELLINGTON, this day. The Bank of New South Wales yesterday reduced the rates of interest allowed on fixed deposits by J per cent, thus coming into line with the other trading banks with regard to t lie rate of interest on overdraft which, as announced by the other five banks, will he reduced ns from November 30 from 5 per cent to 4J per cent a.j the minimum rate on best .accounts. •The Bank of New South Wales announces that it is not at present quoting a minimum rate. All.rates of interest are arranged between the bank and its clients. LONDON STOCK EXCHANGE LONDON, Oct. 31. The stock markets, which will be closed to-morrow, were quiet to-day. British Government stocks were main-

iained. War Loan, 31 per cent, was quoted at £lO5 Is 3d. German bonds were steadier. French bonds wore dull. Gold mines were firm. Rubbers were weaker on the failure of the internntional rubber regulation committee to reach an agreement on basic quotas for the early part of next year, but. the market was steadier later. ’file lists for cash applications in connection with an issue of £2,0(32,(128 Mersey Dock and Harbor Board 3.1 per cent redeemable debenture stock at £97 per cent, were closed immediately after opening this morning.