RABBITSKIN SALE

Timaru Herald, Volume CXLIII, Issue 20929, 7 January 1938, Page 14

RABBITSKIN SALE

BUYERS VERY CAUTIOUS By Telegraph—Press Association DUNEDIN, January 6. At to-day’s rabbinskin sale, small catalogues were submitted, the offering being chiefly summers, springs and milky sorts. A good proportion of the offering contained blood stained, broken and shot skins. Since the last auctions there has been no improvement in the market owing to the increasing lack of confidence in the political and financial outlook in the United States of America. Business generally with overseas at the moment is non-existent. The London sales scheduled for January 12 have been cancelled owing to the lack of demand, and this had a depressing effect on the sale to-day with a result that buyers were very cautious. Following are the prices realised:— Smalls Bid to 9Sd per lb. runners IOJd, racks to 12d, summer bucks 14d to 15d. milky summer does 14d to 153 d, spring 133 d to 15d. spring bucks 14d to 15d, spring does 16d. outgoing bucks 18d to 20d. outgoing does 20d to 24d. hareskins 41d to 64d, horsehair 20d to 213 d. AUSTRALIAN STOCK EXCHANGES Dulled Press Association—By Electric Telegraph—Copyright 'Received January 6, 9.15 p.m.i SYDNEY, January 6. The Stock Exchange showed greater activity to-day, the tone of the market being distinctly firmer, while base metal shares responded to the appreciable lift in overseas metal prices. £ s. d.

Melbourne Exchange The bond market was firm to-day. Industrials were steady with minor fluctuations on light trading. Lolomas attracted most attention to the gold

ment Trust 0 11 11 THE METALS MARKET

United Press Association—By Electric Telegraph—Copyright (Received January 6, 6.30 p.m.) LONDON, January 5. The quotations for metals are as under:—

SYDNEY PRODUCE PRICES United Press Association—Bv Electric Telegraph —Copyright (Received January 6, 9.15 p.m.) SYDNEY, January 6. Wheat—New Silo 4/53 a bushel, new bagged 4/7. Flour—£ll a ton. Bran—£6/10/- a ton. Pollard—£6/15/- a ton. Potatoes —Tasmanian £5/10/- a ton. others £4/10/-. Onions —Quensland £6 a ton. Maize —Yellow 5/- a bushel. PROFIT OF £2,508,000 MIDLAND BANK SHOWS INCREASE IN RETURNS United Press Association—By Electric Tel egraph —Copvrlgh t (Received January 6. 6.30 p.m.) LONDON. January 5. The net profit of the Midland Bank is £2,508,000. compared with £2,467.000 last year. The dividend is not changed. Barclay’s Bank shows a profit of £2133, compared with £1894. Tire dividend is not changed.

Morning Sales— Bonds, 3:4 p.c., 1949 97 5 0 Bonds, 4 p.c.. 1941 102 11 3 1947 104 17 6 1950 104 18 9 1953 104 17 6 1955 103 13 9 1957 104 5 0 1959 104 15 0 Tooths 2 15 9 Associated News (pref.) .. 1 4 6 Aust. Iron & Steel (pref.) . 1 6 9 Felt and Textiles (new, pd.) 1 15 6 Afternoon Sales— Bank of New South Wales 33 10 0 Comm. Banking of Sydney 20 13 0 National Bank (£10 paid) . 14 7 0 (N.Z. delivery) 14 7 0 Queensland National Bank 5 5 0 Colonial Sugar 48 0 0 Associated News 1 2 6 (pref.) 1 4 6 Burns Philp (South Sea) .. 1 7 9 Tooths 2 15 6 Aust. Iron & Steel (pref.) 1 6 9 Dunlop Perdriau 1 3 3 Farmers 1 13 44 Anthony Hordern 0 19 14 General Industries 0 19 6 Stedmans 0 15 6 Kandos 1 5 9 Peters 2 15 0 Newcastle Gas (B) .. .. 0 12 1 Australasian Paper 2 12 3 William Adams 0 16 3 Traders Finance 1 4 6 Producers and General .. 0 10 1 Meggitts 1 13 0 Mangrovite Belting 0 17 6 Schute Bell 1 2 0 South Broken Hill 1 15 104 North Broken Hill 2 12 3 Rawang Tin 0 10 3 Peninsula Tin 1 10 6 Placer Development .. .. 3 14 6

section. Sales: — £ s. d. Comm. Bank of Aust 0 17 1 National Bank (£10 paid) . 14 5 0 Howard Smith 1 1 6 British Tobacco 2 11 0 Coles 4 5 3 Dunlop Perdriau 1 3 4 Aust. Papers Mfrs, (pf.) .. 1 6 0 Mt. Morgan 0 11 2 Mt. Lyell 1 11 6 Broken Hill Propty 3 4 9 (new) 1 15 6 North Broken Hill 2 12 6 South Broken Hill 1 16 0 Wellington Alluvlals .. .. 0 6 0 Emperor 0 13 1 Loloma National Reliance Invest0 17 11

Copper— £ s. d. Standard spot .. .. . . 41 0 0 Forward .. 41 4 4i Electrolytic, spot .. .. 45 5 0 Forward .. 45 15 0 Wire Rars .. 45 15 0 Tin— Spot .. 186 12 6 Forward .. 186 7 6 Lead— Spot .. 15 15 4’Forward .. 15 18 9 Spelter — Spot .. 14 19 4' Forward .. 15 4 4i Silver— d. Standard 19 9 -16 Fine 21 1 -8