COMMERCIAL

Poverty Bay Herald, Volume LXIV, Issue 19454, 13 October 1937, Page 9

COMMERCIAL

FURTHER DECLINE AUSTRALIAN EXCHANGES (Elec. Tel. Copyright—United Press Assn. SYDNEY, Oct. 12. The Stock Exchange experienced another falling market to-day, due to the unsettled overseas situation and the approach of the elections. Sales to-day were as follows: Bank of New South Wales, £313; Commercial Bank of Svdney, £2O: Commercial Bank of Australia, 17s 4>d: Bank of New Zealand, £2 4s Id; Associated News, £1 3s; do., pref., £1 4s; British Tobacco, £2 8s; Tooths, £2 15s; Drug. Houses, £1 6s 3d; Dunlop-Perdriau, £1 2s 3d; David Jones, £2; Horderns, 18s lOJd; General Industries, 19s 4Jd; Kandos, £1 5s 3d; Taubmans, £3 8s Gd; Newbold Brick, £1 15s 3d; Gordon and Gotch, £2 14s 3d: Peters, £2 14s 9d; Claude Neon, £2 9s 9d; do., New Zealand delivery, £2 9s 9d, £2 9s 6d; Manly Gas, £1 3s Gd; Bonds Industries Debentures, New Zealand delivery, G 52 10s; Goldsbrough, £1 13s 6d; Fairymead Sugar, £1 12s Gd; Mount Morgan, 9s lid; Mount Lyell, £1 18s 9d; South Broken Hill, £1 19s 4Jd; North Brokens, £3; Zinc Corporation, £5 lis; Rawang, 10s 9d; Placer Development, £3 lis 3d; Emperor, lis lid; Taranaki, 7s.

The further fall in London and New York was reflected in Melbourne today in further weakness, particularly in base metals. The fluctuations in industrials, however, were fairly narrow. Sales were as follows: National Bank, £5 paid, £7 2s Gd; do., £lO paid, £l4 ss; Bank of Australasia, £ll 10s; Adelaide Steam, £1 12s Gd; Howard, Smith, £1 Is Id; Carlton Brewery, £3 3s 9d; G. J. Coles, £4 12s 6d: Australian Glass, £4 lis 3d; Dunlop-Perdriau, £1 2s Id: do, pref., £1 17s 9d; Goldsbrough Mort, £1 13s 9d; Henry Jones, £2 9s 6d; Felt and Textiles, £2 0s 6d; Hume Pipe, £1 0s 2d; Australian Paper Manufacturers, pref., £1 4s Gd; Mount Morgan, 9s 7d; Mount Lyell, £1 18s Gd; Broken Hill Proprietary, £3 16s Gd; North Broken Hill, £2 19s 9d. Emperor, lis lid; Loloma, 19s.

SYDNEY WOOL SALES MARKET VERY FIRM FINER SORTS IN DEMAND SYDNEY, Oct. 12. There was a very firm market at to-day's wool sales, 'with a better tone for finer descriptions. The demand for dusty and inferior lots was very restricted. • Comebacks and crossbreds sold readily at late rates. Greasy Merino realised to 23Jd. The offerings were 13,084 bales, of which 10,064 bales were sold under Uie hammer. There were 1434 bales sold privately.