COMMERCIAL

Poverty Bay Herald, Volume LXVI, Issue 19884, 10 March 1939, Page 8

COMMERCIAL

FURTHER IMPROVEMENT

A I.TSTRA LIA N M ARKETS

BRIGHTER TONE EXTENDS

SYDNEY, March 8.

Values continued to move forward on the Sydney Stock Exchange to-day. The brighter tone extended practically throughout the market. Base metal shares were stronger and in greater demantl. Sales included: —

Bank of New South Wales, £29 8s; E.S. and A. Bank, £4 18s 4£d; Commercial Banking Company of Sydney, £2O 6s; Mort's Dock, 14s 4d; Rawang Tin, 7s 2d; Colonial Sugar, £46 12s Cd; Millaquin Sugar, £1 18s 4Jd; Victoria Nyanza, 11s; Emperor, 8s 9d; Mount Lyell, £1 6s Cd; Broken Hill Proprietary, £2 16s '3d; Broken Hill Proprietary, contr., £2 4s 3d; Broken Hill South, £1 8s ltd; North Broken Hill, £2 7s; Associated News. £1; British Tobacco, £2 8s 6:1; W. Adams, 15s; General Industries, 15s (id; Electrolytic Zinc, £2 (is 6d; Electrolytic Zinc, pref., £2 9s 9d; Burns, Philp, £2 12s; Australian Gas, £7; Tooths, £2 14s; Australian Iron and Steel pref £1 7s 3d; Woolworths Limited, £l’ Is lOld; Drug Houses, £1 2s Ed; Arahura Gold, £1 7s. Morning sales included: Commonwealth bonds,' 31 per cent, 1943, £93 15s - 3'] per cent, 1951, £99 16s 9d; .L per cent. 1954. £9B 17s Cd; 33 per cent, 1954, £IOO 17s Cd; 4 per cent, 1953, £lO2 12s Cd; 4 per cent, 1961, £lO3 17s 6d; Commercial Banking Company of Sydney, £2O 6s; Tooheys Brewery, 30s; Broken Hill Proprietary, 56s 3d: Broken Hill Proprietary, contr., 44s 3d; Colonial Sugar, £46 15s; Drug Houses, 22 Sales on the Melbourne Stock Exchange to-day included: — £1 0s 9d- North Broken Hill, £2 6s 6d; Broken Hill South, £1 8s ljd; Howard, Smith, £1 0s 4d; Electrolytic Zinc, pref., £2 9s Cd; National Bank, £5 paid, £6 10s; Mount Lyell, £1 0s 3d; Dun-lop-Perdriau, pref., £1 18s 6d; Broken Hill Proprietary, £2 16s 3d; Argus, pref,, 11s 6d.

OPOTIKI PIC! SAKE

At the fortnightly pig sale at Opotiki, a big yarding of pigs of all classes came forward and sold under moderate competition at something rather less than late rates, reports Messrs. Dalgety and Company. Porkers were yarded in more than average numbers, but the price declined considerably owing to a drop in the schedule price. Baconers made up to £3 9s; others, £3 2s to £3 6s; medium, £2 18s to £3 Is: lighter, £2 14s to £2 18s: porkers, good heavy porkers, to £2 10s; others, £2 to £2 Bs, lighter, £1 15s to £1 19s; large stores, to £1 15s 6d; others, 26s to 325. Slips were not in demand at all, many good lines being sold for as little as 15s, while weaners were very hard to quit, an exceptionally good pen making only ss. The New Zealand Loan and Mercantile Agency Company. Limited, reports a full yarding of pigs in all classes. The usual export buyers were present. Prime baconers and heavy porkers sold at late rates, but weaners, slips and light stores met with very poor competition. Pi ices lealised were:— Heavy prime baconers, £3 5s to £3 9s; heavy baconers, £2 16s tc £3: orime porkers, £2 5s to £2 12s: light porkers, 38s to £2 3s; good store pigs, 22s to 30s; slips, 8s to £1; weaners, 3s to 6s; choppers, to £4.

FRUIT IN DUNEDIN Prices for fruit, especially stone fruit, have been low at Dunedin during the past week, and the demand hal: been poor. There is an oversupply of good quality .fruit coming forward from Central Otago orchards. The hot weather of the previous week brought forward heavy supplies, much of it in an over-ripe condition, but at the commencement of this week there was an improvement in quality, and prices firmed temporarily to levels which had not been reached for some seasons. AUSTRALIAN RICE An increase of Id a lb. in the retail price of the best Australian rice has occurred in Wellington. This commodity is now being sold at 4cl a lb. II is stated that the increase is due to a substantial rise in the Australian rice market, from which New Zealand draws its main supplies, but no reason for the rise could be given. New Zealand also obtains smaller quantities of rice from Rangoon.