COMMERCIAL

Poverty Bay Herald, Volume LXV, Issue 19667, 27 June 1938, Page 14

COMMERCIAL

GENERALLY STEADY TARANAKI OILS RISE AUST RA l JAN ’ 011 ANDES (Elec. Tel. Copyright—United Press' Assn.) SYDNEY, June 24. The Sydney Stock Exchange to-day was without material change and generally steady. Barrier stocks were m good demand a't improving prices. Taranaki Oil rose to 14s 4d. Reports of extensive beneficial rain in all parts of the country stimulated pastorals.

Sales included:—Bank of New South Wales, £3l 7s Gd; Commercial Bank of Sydney, £2O 12s; Bank-of Australasia, £9 15s; United Insurance, £9 17s; Mercantile Mutual Insurance, £1 10s; Huddart, Parker, £2 5s Gd; British Tobacco, £2 7s 3d; Tooth aild Co., .£2 14s 9d; Australian Glass, £4 11s 3d; Dunlop-Perdriau, £1 0s lOd; W. Adams, 15s 9d; Wariburton Franki, £1; Woolworths Limited, £1 0s Gd; Woolworths 'Limited, rights, 3s 3d; R'. Fowler, 11s 3d; Winchcombe, Carson, £1 7s; Henry Jones, £2 7s Gd; Electrolytic Zinc, £1 Ms Gd; Eledtrolytic Zinc, prof.. £2 5s Gd; Mount Morgan, 9s lOd: Mount Lyell. £1 Gs Gd; Placer Development, £3 18s Gd; Taranaki Oil, 14s 4d.

Morning sales included: Commonwealth Bonds, 4 per -cen't., 1938, £IOO 17s Gd; 4 per cent, 1953, £104; 4 per cent., 1959, £lO3 13s 9d; 4 per cent., 1901 ’ £lO4 3s 0d; Bank of Australasia, £9 15s; Anthony Hordern, 17s; Australian Glass, 91s; Broken Hill Proprietary. GOs; Burns, Philp, 51s 3d; Dunlop-Perdriau Ru'bber, 20 s; Electrolytic Zinc, 38s 9d; Eledtrolytic Zinc, prof., 44s 9d; General Industries, 17s 10-kl; Goldsbrough Molt., 28s IOJd.

On the Stock Exchange of Melbourne to-day, with further rises overseas, leading industrials and Barriers developed a strong lone, but other stocks were not showing much change. Sales included: —Commercial Bank of Australia, 15s lid; National Bank, £5 paid, £G 11s; National B'ank, £lO paid, £l3 6s; Adelaide Steam, £1 14s; Drug

Houses, £1 ss; Australian Iron and Steel, prel, £1 7s Gd; Australian Glass, £4 11s Gd; Dunlop-Perdriau, £1 Is; Australian Paper Manufacturers, prof.. £1 4s 3d; Cox Bros., 15s 3d; Yana Falls, £1 18s; Electrolytic Zinc, £1 19s 3d; Electrolytic Zinc, prel., £2 4s Gd; Mount Morgan, 9s lid; Mount Lyell, £1 6s 3d; Broken Hill Proprietary, £2 19s 9d; North Broken Hill, £2 3s Gd; South Broken Hill, £1 11s; Zinc Corporation, £4 2s; Emperor Gold, 12s sd; Loloma Mines, £1 2s 4d. WAIKATO STOCK SALE SALE AT MORRINSVILLE At the Morrinsville. stock sale on Friday, there was a smaller yarding of cattle than usual, and competition was good on all classes, vendors selling readily at late market rates. There were no heavy prime cattle.

Quotations:— Medium-weight for-ward-conditioned Hereford cows, £5 to £5 17s; medium fat Shorthorn and Holstein cows, £5 10s to £6 ss; light fat Jersey young cows and heifers, £5 to £5 15$; forwardconditioned young Jersey and Jerseycross cows, £4 7s Gd to £4 15s; good boners, £3 10s to £4 ss; lighter and less conditioned boners 30s to £3 7s; store Hereford cows, £4 10s to £4 15s: fair wcaner Jersey heifers, £3 10s to £3 14s. WAIOEKA DAIRY HERD SALE AVERAGE £9/10/A clearing sale was held on account of Mr. J. S. Baverstock at Waioeka. The demand for dairy cows in good condition and early calvers was excellent, and cows sold to £l2 15s, the average for the herd being £9 10s. Dairy cows, July-Aug-ust calvers, £lO to £l2 15s; later sorts, £8 to £lO 10s; in milk and late calvers, £3 5s to £6 10s; 18-month incalf Jersey heifer, £7 10s; wcaner Jersey heifer, £4; five-year unbroken gelding, £l2; aged gelding, broken chains, £22; Jersey bulls, £4 7s Gd.