COMMERCIAL

Poverty Bay Herald, Volume LXIV, Issue 19376, 14 July 1937, Page 9

COMMERCIAL

A STRONG MARKET SYDNEY STOCK EXCHANGE SYDNEY, July 13. The tone of the market on the Sydney Stock Exchange to-day was strong. The inquiry for Dunlop-Per-driaus and other front-rank industrial stocks was well maintained. Tin ventures were in greater demand. Sales: Bank of New South Wales, £35 10s; Associated News, 235; do., pref., 245; Australian Gas "A” and “B,” £7 13s Od; British Tobacco, 50s 3d; Tooth's, 55s 9d; Toohev’s, 33s 4Ad; Australian Glass, 935: Dunlon-Perdriau, 23s lOAd; Goldsbrough Mort, 35s fid; Winchcombe, Carson, 34s 9d; Wilcox, MofTlin, 14s 2d; Morris, Hedstrom, 30s; William Adams, 17s 4ld; J. Fielding. 82s; Victoria Nyanza, 18s 3d; Walrias, 17s lOAd; Henry Jones, 48s 3d; Anthony Hordern, 19s 3d; Mt. Lvell, 43s 9ri; Electrolytic Zinc. 59s fid; do., New Zealand delivery, 59s 9d; Rnwang, New Zealand delivery, 12s 7d; Emperor, 14s 7d; Sulphide Corporation, lfis 9d; Tonkah Harbour, New Zealand delivery, 22s fid; Amalgamated Zinc, 11s lOd: Katu Tin, 21s: Puchone Tin, 34s fid; Renong Tin, 455.On the Melbourne Stock Exchange to-day there was a good tone in the industrial section. Barriers and gold shares were fairly quiet. Sales: Commercial Bank of Australia, 18s 8d: National Bank, £5 paid. £7 10s; National Bank, £lO paid, £ls 2s; British Tobacco. 50s; Carlton Brewery, fills 3d; G. J. Coles, £5 7s; Dtindop Pcrdriau, 24s 2d; Goldsbrough Mort, 35s 3d; Hume Pipe, 20s; Felt and Textiles, 38s fid; Waldas Shoes, 18s; Electrolytic Zinc, 59s fid; do., pref., fiOs fid; Mt. Morgan, 12s; Mt. Lvell, 43s fid: Broken Hill Proprietary. 83s fid; North Broken Hill, 7fis fid; South Broken Hill, 495; Emperor. 14s Bri; Loloma, lfis Bri.

PIG MARKETING INCREASE IN BUSINESS NEW ZEALAND ASSOCIATION A gross turnover of £501.447, an increase of £G9,978, compared with the previous year ,is disclosed in the statement of accounts of the New Zealand Co-operative Pig Marketing Association, Limited, for the year ended May 31 last, to he submitted to the annual meeting to be held on July 30. At the commencement of the killing season, there was a general increase in the killing and freezing costs on pigs to f.o.b. of approximately 35 per cent. Of the aggregate this increase represented £15,000, which of necessity had to be passed on to the industry. After deducting all the expenses, the gross excess of income over expenditure stood at £331.571. of which £300,526 had been paid out to suppliers of pigs, leaving a surplus of £21,908 still available for distribution.

The subscribed capital amounted to £23,348, and as this sum nearly reached the registered capital of £25,000, it would be necessary to increase the nominal capital of the company to £50,000, so as to accommodate the additional shares applied for with respect to the season just closed. Sales in the company’s trading department reached £10,543, as against £9584 for the previous year.

The number of pigs handled by the company had increased from 80.000 in 1932-33 to 153,048 for the lost season, while in the same period the. gross turnover had advanced from £149,472 to £501,447.

During the year the company handled 105,757 bobby calves, the previous year’s figures being exceeded by 32,193. The business of the company had been extended to some of the main calf-producing areas in the South Island.

LONDON BUTTER STOCKS N.Z. HOLDINGS LOWER Stocks of all butters held in London increased during the past fortnight, but stocks of Now Zealand declined. This is indicated in the weekly report provided by the Dairy Board. New Zealand stocks at the end of last week totalled 5377 tons, a decline of 500 tons during the week, while a year ago the total was 4221 tons. Deliveries last week came to 1730 tons, compared will) 1841 tons the previous week and 1912 tons 12 months ago. Australian stocks increased from G 149 tons to GG2S tons last week, deliveries totalling 1228 tons.

The Imperial Economic Committee’s estimate of all stocks was 949,813 boxes, an increase from 857.453 boxes a fortnight previously. A year ago the total was 885,472 boxes.

Prices at the end of last week, together with the rales for the previous week in parentheses, are reported as follows by the Dairy Board:—New Zealand, salted 110 s to Ills (108 s fid to 109), unsalted 110 s (110 s); Australian, salted 109 s to 110 s (106 s to 107 s), unsalted 109 s (108 s to 109 s); Danish, f.o.b. 95s (945), spot 115 sto U6s (115 s); Dutch, unsalted 106 sto 107 s (104 s to 105 s), salted 105 s; Siberian, salted 105 sto IOGs (105 sto lOCs); Ukranian, salted 105 s to 106 s (105 s lo lOGs).

MARKET FOR APPLES LONDON TRADE STEADY The High Commissioner’s weekly cabled advice regarding tho apple market in London states:— ■•The market is steady, and prices are slightly higher. Jonathans, Delicious, Tasma, 9s Od lo 10s fid: Stunner, Statesman, Newton Pippin, 9s to 10s fid; Cleopatra, Rome Beauty, 8s (id to 9s fid." Last week’s quotations were:— Stunner, Delicious, Jonathan, Itokowood and Newton Pippin, 9s to 10s; Statesman, 8s to 10s; Cleopatra and Dunn's Favourite, 8s to Os; Rome Beauty and Pioneer, 7s to 9s.