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COMMERCIAL

THE SHARE MARKETS. Wellington, March 7.—Commercial Bank of Australia (ord.), 295; New Zealand Breweries, 58s; 4% per cent, bonds, 1938, £160; New Zealand Guarantee, Corporation (ord.), 9© 2d, 9s 4%d. Christchurch, March 7. —Commercial Bank of Australia, 295; Mercantile Mutual Insurance, 335; Dalgety and Co., £l5 12s; New Zealand Breweries, 58s (two par.); Dunlop Rubber, 23© 3d; Mt. Lyell, 42s (three parcels); New Zealand Farmer©’ Fertiliser, £1 0s 9d; Herald and Weekly Times, £5 2s 6d; Lander Oil, 7s 6d. Sales reported: New Zealand •• Sugar of Milk, 225; Commercial Bank of Australia, 29s Id (two parcels). Sydney, March 7.—Taranaki Oils, ss. Auckland, Last Night.—Auckland Harbour Board debentures, 1948, 5% per cent., £101; Australian Commercial Bank, 395; National Bank of New Zealand, £7 6©; Bank of New Zealand, 63s 6d; New; Zealand Insurance, 46s 9d, 46s 9d; Dalgety and Co., £l5 14s; Auckland Gas (con.), 18s 3d; New Zealand Breweries, 58s; British Tobacco, 49©; By croft, Ltd., 33s 3d; Hayward’s Pictures, 20© fid; Wilson’s Cement, 40s; Mahakipawa, Is sd; Kuala Kempar Tin, 15s Id; New Zealand Breweries, debenture©, 26s 3d.

LONDON WOOL SALES.

TOP PRICE TO NEW ZEALAND. By Telegraph—Press Assn. —Copyright. London, March 0. At the wool sales 8815 bales were sold, of which 2363 were New Zealand. There was a limited selection of Merinos and a good selection of greasy crossbreds. There was a large attendance from all centres. Crossbreds met with good Yorkshire competition. Fine declined 7% per cent, compared with the January closing prices. Medium and low showed 5 per cent, decline. Merinos, fine, were at par to 5 per cent, decline, broad-haired 5 per cent, decline. Tho decline has been more than discounted in consuming centres in the interim since the last sales and brings London values in line with the primary centres. The New Zealand Cricklewood clip made top price 19d, average 17d; Ngaio, 18%d and 17d; M.P., 20 1 / 2 d and 18 J / 3 d; Waiau, 18d and IGJd; Kwinta, 18d and laid.

HUDDART, PARKER AND CO. STRIKES CAUSE FALL IN PROFITS. Sydney, March 7. Huddart, Parker and Co.’s accounts just issued disclose that profits Ml from £143,000 in 1927 to £123,457 in 1928, owing to the cooks’ and waterside strikes and the stagnation of the coal industry, in which the company is interested. The dividend has been reduced from 14 to 10 per cent. The preference dividend is 6 per cent. The dividend* absorb £105,000. . \ .

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TDN19290308.2.74

Bibliographic details

Taranaki Daily News, 8 March 1929, Page 9

Word Count
404

COMMERCIAL Taranaki Daily News, 8 March 1929, Page 9

COMMERCIAL Taranaki Daily News, 8 March 1929, Page 9

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