COMMERCIAL

Poverty Bay Herald, Volume LXV, Issue 19697, 1 August 1938, Page 3

COMMERCIAL

BUYERS CAUTIOUS A USTRA LIAN ' CHANG ES (Elec. Tel. Copyright—United Press Assn.) SYDNEY, July 29. To-day's share market was dull with only narrow price variations. Buyers continued to operate with caution. Splendid rain is tailing over New South Wales, which is expected to stimulate the market next week. Sales to-day included:—Bank of New South Wales. £3l 7s <id; Bank ol Adelaide, £G . r >s; Colonial Sugar. £4B 12s (id; British Tobacco. £2 9s; Tooth and Company, £2 15s (id; Tooheys. Limited, £1 lis l.'.d; Kandos Cement, £1 7s; Mort's Dock, 13s !)d; Australian Gypsum, N.Z. delivery, £1 Is 9d; Trader's' Finance, £1 2s lid; William Adams, rights, 9Jd; R. Fowler, 12s 3d; Woolworths, Limited, £1 2s Ud: Wundciiich. £1 Os (id; Peters, £2 lis 9d; Mauri Bros., £3 8s; Mount Morgan, lis; Emperor Gold, 12s lOd. Morning sales included: Commonwealth bonds, 4s per cent, 1938, £lOl ss; 4 per cent, 1941, £lO2 (is 3d; 4 per cent, 1944, £lO2 17s Gd; 4 per cent, 1955, £lO3 15s; 4 per cent, 1957, £lO3 17s Gd: 4 per cent, 1959, £lO4 7s Gd; 4 per cent, 1961, £lO4 17s Gd; Tooths Brewery, 55s Gd; Toohey's Brewery, 31s; Broken Hill Proprietary, 60s (id; Colonial Sugar, £4B 12,s Gd; HuddartParkcr, pref., 295. On the Stock Exchange of Melbourne to-day the market showed a slightly better tone in view of the better'New York market. The Broken Mill South quarterly dividend of Gd a share was expected by the market. Gold stocks were irregular. Sales included:—Commercial Bank of Australia, 16s. 8d; Carlton Brewery, £3 Gs Gd: G. .1. Coles, £4 3s 9d; Australian Iron and Steel, pref., £1 8s 3d; Goldsbrough Mori, £1 7s 9d; Herald and Times, C 3 2s; Imperial Chemicals, pref., £1 Is lid; Mount Lyell, £1 9s 4Jd; Broken Hill Proprietary, £3 Is 3d; do., new, paid, £1 17s 7id; North Broken Hill, £2 8s 9d; Emperor Gold, 12s lid; Loloma Mines, £1 3s 3d. NAPIER CRUTCHING SALE SUPER SORTS TO IOD The winter crutchings sale was held in Napier on Friday, when 22G0 bales were offered. Competition came mainly from Bradford, the Continent, and America, with local mills also operating. The market was on a par with recent sales, and 80 per cent of the offerings was sold under the hammer. Generally the condition of the crutchings was heavier than lnsfi season. Keen bidding predominated and best super sorts realised B?.d to lOd a lb., medium to good, 7d to B.Jd and inferior and seedy ranged from 4j|d lo 63d a pound. CANTERBURY CUSTOMS ; •H'lA FIGURES ADVANCE (Per Press Association.) CIIRISTCHURCH, this day. The customs returns for Canterbury for the first four months of the 19381939 financial year are down by £30,083. compared with the same period of last year. The figures for July of this year are up by £8270, compared with the same month last year.

WAIKATO STOCK SALES VALUES AT MORRINSVILLE There was a small entry of fat sheep at the Morrinsvillc stock sale on Friday. The yarding met with good competition from a large bench of buyers, a brighter tone in this section being noticeable. The entry of beef comprised fat cows and heifers, the quality in most cases being second class. Competition was keen with recent advanced rates easily maintained. Store and boner cows were penned in smaller num bers, and for these rates remained unchanged. Quotations:Sheep. Fat two-tooth ewes, 2Gs: medium fat ewes, 18s: killable ewes, 12s; medium fat hoggets. 19s to 20s Gd; killable hoggets, 17s; small store hoggets, Gs Gd. Cattle.—Heavy fat cows, £8 19s to £9; medium Jersey cows, £7 Gs to £7 15s. LONDON MEAT MARKET The Bank of New Zealand advises receipt of the following cable message from London as at the close of business this week:— ••Wethers and Ewes.—Weaker valuesare ruling owing to lack of demand. "Lambs.—The demand and prices are steady. "Quotations.—Wethers, light 4=d to s>d, heavy 4d to 4Jd; ewes, 2gd to 3Jd; lamb's, twos 7gd to 7£d, eights ?jjd to 7Jd, fours 7|d to 7jjci, seconds 63(1 to 7d.