COMMERCIAL

Poverty Bay Herald, Volume LXV, Issue 19622, 4 May 1938, Page 11

COMMERCIAL

ON NARROW LIMITS AUSTRALIAN TRADING INDUSTRIALS IRREGULAR (Klrr. Tel. Copyright—Unitml Press Assm.) SYDNEY, May 2. Price movements on the Sydney Stock Exchange to-day were mostly within narrow limits. The general tone of the market was firm, and business was well up to the average for a Monday. Sales included:---Bank oi New South Wales, £32; National Bank, £5 naid, £0 19s; Associated News, £1 Is lOid; Howard Smith, £1 Is 4>d; Burns, Philo, £2 13s 6d; Tooth and Co., £2 16s 9d; Tooheys, Ltd., £1 lis 6d; Australian Glass, £4 15s; Anthony Hordern, 19s; James Stedman, 15. s '3d; General Industries. 19s 3d; Kandos Cement, £1 ss; Mort's Dock, lis; Hume Pipe, 18s i)d; Victoria Nyanza, 15s 9d; Morris Hedstrom, £1 (is; Malleys, £1 Is 3d; Woolworths. Ltd., £1 2s (id; Mount Morgan, 9s; Mount Lyell, £1 7s 6d; Broken Hill Proprietary, £3 0s Ud; Broken Hill South. £1 10s 6d; North Broken Hi'l E2 9s; Kuala Kampar Tin, 16s Od; Lnrut Tin, 12s 9d; Placer Development, £3 lis; Emperor Mine, 12s 2d. Morning sales included: —Commonwealth Bonds, 4 per cent, 1938, £lOl !8s 96"; 4 per cent, 1941, £lO3 lis 3d: 4 per cent, 1944, £lO2 ss: Bank of New South Wales, £32; New Zealand Insurance (New Zealand delivery), 59s 7Jd; Tooth's Brewery, 5Gs 6d; Anfhonv. Hordern, nref., 23s 0d: Kandos Cement, 25s Ud.

MELBOURNE SALES MELBOURNE, May 2. On the Stock Exchange of Melbourne to-day the market was generally quiet. Industrials were irregular, and there was little interest in mining shares. Sales included: — Commercial Bank of Australia, 16s 8d: National Bank, £5 paid, £6 18s Gd; Drug Houses of Australia, £1 5s Gd; Dunlop-Perdriau, £1 2s 3d; Goldsbrough Mort, £1 10s 3d: Australian Foundation Investment Trust, 4s Gd; Electrolytic Zinc, £2 2s 3d; ditto, prel"., £2 6s 3d; Mt. Lyell, £1 7s 7.1 d; Broken Hill Proprietary, £3 0s 3d; ditto, new issue, £1 16s 4Ad; North Broken Hill, £2 9s 6d; Broken Hill South, £1 10s 9d; Emperor Mine, 12s; Loloma Mines, £1 2s (id.

TE TEKO STOCK SALE YARDING OK 500 CATTLE There was a heavy yarding of approximately 500 cattle at the Te Teko stock sale. There was ready competition from Te Puke and Rotorua buyers, and almost a total clearance was made. A pen of 46 Hereford and Polled Angus cows made £6; weaner steers, £4; weaner heifer, £3 10s; heavy fat Shorthorn and Holstein cows, to £7 Is; heavy fat Jersey cows, £4 15s to £5 lis; lighter, £4 to £4 12s (id: killablc, £3 10s to £4; heavy cull cows, £3 15s to £4 10s; lighter, £2 10s to £3 7s (id; potter bulls, £2 to £5 7 s 6d.

CLEARING SALE KEEN COMPETITION ADVANCE ON MATAWHERO Keen competition ruled at the clearing sale conducted yesterday by Messrs. Common, Shelton and Company on the estate of the late Mrs. .1. Hamon, Waerenga-a-hika. and values in all departments showed an advance on Matawhero. There was a large attendance of farmers, and for the cows a particularly good demand existed, all selling under the hammer. The sheep and •the pigs were well sought after and