COMMERCIAL

Poverty Bay Herald, Volume LXI, Issue 18580, 14 December 1934, Page 12

COMMERCIAL

THE SYDNEY SALES MARKET CLOSES FIRM (Elec. Tel. Copyright—United Prosa Assn.) SYDNEY, Dec. 14. At the wool sales yesterday, .11,006 bales 'were offered, of which 10,440 bales were sold; 2347 bales were disposed of privately. There was strong general competition, the market closing firm at late rates.

'Greasy merino brought to 18d

LONDON MEAT MARKET

LAMB TRADE DISAPPOINTING The • New Zealand Farmers’ Co-op. Distributing Company, Fcilding, has received the following cable message from' its London office: —“Lamb: Disappointing trade. Price weakness still apparent, but heavy old season’s New Zealand are firmer.”

PASTORALS STRENGTHEN

SYDNEY SHARE MARKET SYDNEY, Dec. 12. Reaction after the recent advances overtook most prominent industrial issues on the Sydney Stock Exchange to-day. There was a general downward trend in the miscellaneous list, due to profit-taking before the exchange; closes for the Christmas vacation.’ Pastoral shares strengthened in sympathy with the wool market. Sales: Bank of New South Wales, £32 2s 6d; Commercial Bank of Sydney, £l7 15s; Mercantile Mututl Insurance, 24s 6d; Australian Provincial Assurance) 11s Id; Associated News, 25s Od; ditto, pref., 255; Adelaide S.tcam, 29s 7£d; Australian Gas, A, £8 Is; Australian Glass, 59s (id; Dunlop Pcrdriau, 20s; ditto, pref., 38s 3d. Goldsbrough Mort, 30s; Winchcombe Carson, 295; ditto, New Zealand delivery, 295; Henry Jones, 35s 6d; Electrolytic Zinc, 23s Cd; David Jones, 425; Anthony Hordern, 19s; Goodyear, pref., 32s Od; Hume Pipe, 14s 6d; Tooths, 51s 3d. South Broken Hijl, 80s 9d; Bulolo Gold, £8 12s; Placer Development, £22 12s; Kuala Ivampar, 14s sd; Eawang Tin, 8s; Rawang, New Zealand delivery, 8s; Great Boulder, 11s 9d; ditto, New Zealand delivery, 11s 9d. Morning sales included: Commonyealth bonds, 4 per cent, 1938, £lO5 15s; 1941, £lO6 2s Cd; 1950, £111; 1957, £llO 3s 9d; Oomrnercia] Bank of Sydney, £l7 15s; Bank of New South Wales, £32 2s Od; Australian Gas, A, £8 Is; Toohcys, 29s 0d; Tooths, 51s 3d; Anthonv ‘Horderns, 19s Od; ditto, pref., 25s Od; Broken Hill proprietary, 52s 9d; Broken Hill South, 80s 0d; Colonial Sugar, £43; Dunlop Pcrdriau, 20s.

MELBOURNE, Dec. 12

Sales on the Melbourne Stock Exchange to-day included: Commercial Bank of Australia, 1,0 s; British Tobacco, 41s 6d; Howard Smith, 10s; North Brokbns, £5 Is; Mount Eye 11, i:7s'9d.

AUST. PROV. ASSURANCE

DIVIDEND 2* PER .CENT Mr. George Peacock, manager for New Zealand of the Australian Provincial Assurance Association Limited, has received cabled advice from Sydney that a dividend of '2i per cent will he declared for the financial year ended September 30 last, The dividend for the previous year was li per cent.

HASTINGS STOCK SALE

SHEEP VALUES EASIER Both store and fat sheep were easier at the Hastings stock sale on Wednesday. In the store sheep section, values declined for wethers and fattening lines of stock. Breeding sKc.ep were much on a par w.ith late rates, while rape lambs, which made their first appearance of the season in the yards, opened up well, all the lines offering meeting the market. Wednesday's entry was the largest for some weeks, and included about 1300 lambs. The quality of the entry ivas, however, poorer than of late, good lines of sheep being relatively few. Wethers were in fair demand at lower rates, and some, lines of those sheep were passed in. Young ewes again sold well, one pen of shorn twotooths making a very satisfactory figure. Values ranged as follows: — Wethers, to 19s 4d; lambs, to 14s 10d; two-tooth owes, to 22s 7d; fattening ewes, to 12s lOd 1 . , A short entry of fat sheep sold at rates which were easier to some extent on owes, while wethers and lambs made late rates. Ewes sold to 16s, wethers to 23s 9d, lambs to 225, hoggets to 235.

OKARITO REPORT : Okarito Five Mile Beach Gold Dredging Company, Limited, report to the Stock Exchange Association for the four weeks ended December 1: — Total gold avoii, 176 ounces 12drvt.; total time worked, 604 hours; total non-working time, 72 hours; total yardage treated, 34,533, an average of 68.5 cubic yards per hour. Average value of ground, 4.9 pence per cubic yard (on basis of gold worth £4 per ounce).

EGGS AND EGG PULP (Par Press Association.) ■ WELLINGTON, this day. The quantity of eggs and egg pulp in • cold storage as at November 30, 1934, were:.. Eggs in shell (dozens), North Island, 5.1,420; .South Island, 29,741; Dominion, 81,161; egg pulp (lbs.), 270,324, 194,730, and 465,054; frozen whites (lbs.), 2150, 1394, and 3544; egg yolk (lbs.), —, 1160, 1160.

LONDON STOCK EXCHANGE (BrltUh Official Wiraloris.) RUGBY, Dee, 11. The stock markets display a steady tone. Bfitish Government stock is firm. War Loan. 3j pet cent, is quoted at £loo 18s 9d.