COMMERCIAL

Poverty Bay Herald, Volume LXVI, Issue 19883, 9 March 1939, Page 8

COMMERCIAL

STRONGER TONE AUSTRALIAN EXCHANGES I'NICKS TEND IT\YARI> (Elec. Tel. Copyright—United Press Assn.) SYDNEY, March 7. A stronger tone developed on the Sydney Stock Exchange to-day. the majority of price movements being upward. Leading industrials are generally firm and Barriers are unaltered. Sales included: Bank of New South Wales, £29 8s; Commercial Bank o'. Sydney. £2O ss; National Bank, A 5 paid, £6 9s; Mercantile Mutual, £1 find; Howard Smith. £1; Burns, Fiiilp. £2 12s; British Tobacco. £2 8s 3d: Tooths, £2 14s; Carlton Brewery. £.'• 3s 6d; G. J. Coles, £3 15s 3,d; Dunlop Perdriau, prof., £1 18s; David Jones. £1 14s 3d; Anthony Hordern, 14s 7d: General Industries. 18s 3d; Mort's Dock. 14s 4d; W. Atkins, £1 2s Gd; W. Adams. 15s; Felt and Textiles, £1 11s 711: Sargents, £1 8s; Taubmans, £2 16s: Standard Cement, £1 Is fid; Peters, £2 12s; Goldsbrough Mort, New Zealand delivery, £1 8s lOId: Wilcox Mofllin. 5s lid;* Henry Jones. £2 9s: Colctvia! Sugar, £46 15s; Millaquin Sugar, £1 18s 4id; Electrolytic Zinc. £2 6s 3d: Mount Morgan, 11s 2d; Zinc Corporation, £4 13s; Broken Hill Proprietary. £2 16s; do., con., £2 3s fid; North Broken Hill, £2 5s Gd; Broken Hill South, £1 7s.

Morning sales included: Commonwealth bonds. 3 per cent. 1948, £94 2s 6d; 3i| per cent, 1949, £96 18s 9d; 3a per cent, 1954, £IOO 18s fid: 4 per con'. 1950, £lOl 17s Gd; 1953, £lO2 12s Gd: 1955, £100; 1957. £lO3 ss; 1959, £lO3 16s 3d; 1961, 7s Gd; British Tobacco, 48s 3d; Burns, Philp. 525; Colonial Sugar. £46 ss: Electrolyse Zinc, 4Gs 3d.

Sales on the Melbourne Stock Exchange to-day included: Iluddar: Parker, £2 14s; G. J. Coles, £3 15-;: Commercial Bank of Australia, 15s 9d. Placer Development, £3 10s; Norln Broken Hill, £2 5s 9d: Woolwoiths, Ltd.. £1 2s; Myers, pref.. £1 Ms 9d: Hume Pipe, 19s Gd: Herald and Weekly Times, £3 0s 6d: Drug Houses. £1 Is 4d; Argus, pref., ns Gd; Goldsbroug.n Mort, £ 1 8s 9d.

LONDON WOOL MALES Messrs. Dalgety and Company. Ltd . have received the following cable message from London: “The list of arrivals for the London wool sales closed on March 6. The following vessels in Which we are interested have arrived in time for the sales: Fordsdale. Akaroa. Port Huon, Zealandic, Sultan Star. Port Sydney, Port Alma and Way marama. 'Buxton, Ronald, Du Croz will sell on the following dates: March 14 17, 21. 24, 28 and 30. The sales close on March 30. It is anticipated that there will be a good demand lor Merino, which may be a little dearer: crossbred fine, 5 per cent higher; ana medium and coarse crossbred about par.”

MATA WAI STOCK SALK 'Bidding was not animated at the Matawai stock sale yesterday when an offering of 3000 sheep came for warm The small attendance of buyers cn i not include any outside representatives. A line of 150 wether lamas, sold on account of Messrs. Henson and Green, realised 15s 10d. while other value-; were: 283 cull ewe lames 8.-, 0 medium 2-tooth ewes, Ms <d: 4-Uotn wethers, carrying a lot of . • 2-tooth wethers, small, 9s to 10s <>cl.

FRAN ETON STOCK SALES

A full yarding of all classes ol tat sheep came forward at the weekly Stock sale held at Frankton on luesday, values for most lines of wethers showing a decline of about Is a head. No noticeable drop was npeduC the fat ewe section, the market being wdlt supported by outside competition. There was a slignt drop m iat lamb values, as a result of the recent decline in export values.