COMMERCIAL

Poverty Bay Herald, Volume LXIV, Issue 19377, 15 July 1937, Page 10

COMMERCIAL

HARDENING TENDENCY AUSTRALIAN EXCHANGES (Eire. Tel. Copyright—United Press Assn.) SYDNEY, July 14. The share market on the Sydney Stock Exchange retains Us bright tone, with a hardening tendency. Dun-lop-Perdriaus were higher on the expectation of an increased final dividend rate. Sales: Bank of New South Wales, £35 10s; Queensland National Bank, £5 11s; Associated News, 235; Associated News, pref., 245; Colonial Sugar, £4B; Huddart Parker, 395; British Tobacco, 50s 3d; Tooth's, 565; Toohey’s, 33s 6d; G. .1. Coles, £5 7s 6d; Dunlop-Perdriau, 24s 3d; Goldsbrougli Mort, 35s lOAd; Winchcombe Carson, 34s 9d; Morris Hedstrom, 30s; Henry Jones, 48s 6d; Millaquin Sugar, 41s 9d; Amalgamated Wireless, 60s; Meggitts, 345; Gordon and Gotch, 545; Goodyear, pref., 32s 9d; General Industries, 20s lOJd; David Jones, 43s 3d; Anthony Hordern, 19s 6d; Felt and Textiles, 38s lOAd; Woolworths, £6 12s, £6 19s; Woolworths, New Zealand, £5, £5 15s; Mt. Morgan, 11s 8d; Mt. Lyell, 43s 6d; North Broken Hill, 75s 9d; Rawang, 12s 9d; Rawang, New Zealand delivery, 12s lOd; Emperor, 14s sd; Tonkah Compound, 26s 9d. The Melbourne Stock Exchange market is quiet, but steady. Barriers and Mt. Lyells are inclined to be easier. Sales: Commercial Bank of Australia. 18s 7d; National Bank, £5 paid, £7 11s; National Bank, £lO paid, £ls; Carlton Brewery, 68s 6d; Coles, £5 7s Gd; Drug Houses, 26s 3d; Australian Iron and Steel, pref., 27s 9d; Australian Glass, 935; Dunlop-Per-driau, 24s 2d; Dunlop-Perdriau, pref., 375; Goldsbrough Mort, 35s 7Ad; General Motors, 255; Hume Pipe, 19s 1 Od: Felt and Textiles, 38s lOAd; Melbourne Electric Stock, 19s 9d; Mt. Morgan, 11s 9d; Mt. Lyell, 43s Gd; Broken Hill Proprietary, 83s 9d; North Broken Hill, 75s Od; Emperor, 14s 4d; Loloma, 19s 9d.

N.Z. MEAT IN LONDON RETAIL PRICE SCHEDULE , The New Zealand Meat Producers’ Board has been advised by its London manager, that the following retail priqes were being quoted for New Zealand lamb and mutton retailed in London during June, 1937, these prices representing a fair average of the prices quoted by the better class shops in London for the best quality of New Zealand lamb and mutton:—

Lamb.—Legs, 12d. per lb; shoulders, lid; loins, lid; necks, (id; breasts, 3d; forequarters, BAd; hindquarters, 11 Ad. Mutton (wethers): —Legs, 9d per lb; shoulders, 8d; loins, 8d; necks, 4d; breasts, 2d.

A gradual rise has been noticed in the price of onions in the last few weeks and Gisborne merchants are finding it difficult to secure good quality supplies. The shipment landed this week was new stock bought at £lO a ton, and the landed cost was in the vicinity of £l2 15s. The increase in cost has been gradual because many of the dealers have had stocks on hand to meet the demand. A more acute shortage was expected if the Government was not prepared to admit Australian onions to tide merchants over until the arrival ot supplies from Canada in September.