COMMERCIAL

Evening Star, Issue 22450, 22 September 1936, Page 12

COMMERCIAL

BRADFORD MARKET. Press Association—By Telegraph—Copyright LONDON, September 21. (Received September 22, at 1 p.m.) At Bradford merino tops are steady. Consumption is well maintained, but buyers are cautious. There is considerable business in cross-bred tops and yarns. The latter are hardening. LONDON WHEAT MARKET, Press Association: —By Telegraph—Copyright LONDON, September 21. ‘(Received September 22, at 1 p.m.) Cargoes are steady. Parcels are steady. Futures London: October, 36s 7d; January, 37s3Jcl. Liverpool: October, 7s HJd; December, 7s ll)d; March, 7s 7i-d. Chicago wheat quotations September, 114 J cents per bushel; December, 1I3|; May, 112 J. MOUNT LYELL SHARES. Press Association—By Telegraph—Copyright LONDON, September 21. (Received September 22, at noon.) Mount Lyell shares are quoted at 23s Id. . NEW GUINEA GOLD SHARES. Press Association—By Telegraph—Copyright LONDON, September 21. ' (Received 1 September 22, at noon.) New Guinea Gold shares are quoted at 3s 6d. LONDON WOOL SALES. Press Association—By Telegraph—Copyright. LONDON, September 21. (Received September 22, at 2 p.m.) At the wool sales 10,046 bales were offered, including 3,887 from New Zealand. Altogether 7,814 bales were sold. There was an excellent selection, which sold actively to, the Home trade and the Continent at full current rates. Withdrawals were large among speculators’ lots and greasies owing to firm limits. New Zealand greasy crossbred, “ Arden,” top 15d, average 14)d. The National Mortgage and Agency Company of New Zealand Ltd, has received the' following cable from its London office under date the 21st instant:—“The auctions are proceeding with great spirit and catalogues are being well cleared. The market has developed a better tone since the opening, particularly medium and coarse cross-breds, which are id to id dearer. The following prices are current Merino, super. 16Jd to 171 d, average 14d to 15d; fine half-breds* super. (56-58’s) 14d to 15d, average 13d to 14d ; medium half-breds, super. (50-56’s) Hid to 12id, average lid to Hid; coarse half-breds, super. (48-50’s) 10id to lid, average lOd to 10id; fine cross-breds, super (46-48’s) 9|d to lOid, average 9id to lOd; medium crossbreds, super. (44-46’s) 9sd, to IOJd, average 9id io 10d; coarse cross-breds, super. (40-44’s) 9id to lOd, average 9id to 9|d; low cross-breds, super. (36-40’s) 9Jd to lOd. average 9Jd to 9|d; pieces, 71d to 8d; bedies, 6id' to 7d; locks, 5Jd to 6d.” PRICE OF GOLD. Press Association—By Telegraph—Copyright LONDON, September 21. (Received September 22, at noon. Fine gold is quoted at £6 17s 4d an ounce. • SYDNEY STOCK EXCHANGE. SYDNEY, September 22. (Received September 22, at 2 p.m.) Bonds: 4 per cent., 1938, £lO2 7s 6d; 1955, £lOl 10s. Shares: Bank of NewSouth Wales, £33 ss; Australian Gas A (new). £7 5s 6d; British Tobacco, 445; Broken' Hill Proprietary, 76s 3d; Burns, Philp, 725; Dunlop Perdnau. 18s 4id; Electrolytic Zinc, 44s 9d, pref., 45s Cd; General Industries, 19s 6d; Goldsbrougb, Mort, 34s 3d; James Stedman, 17s lid. MOUNT MORGAN. USUAL INTERIM DIVIDEND. PASSED., [Per . United Press Association.] WELLINGTON, September 22. Tbe Stock Exchange has received aavice from Mount Morgan Limited amending tbe cable issued yesterday. The message adds that although the heavy capital expenditure involved in the erection of an oxidised ore plant and other scheduled reorganisation has been provided for, the directors deem it prudent and in the interests ot the shareholders to refrain from giving consideration to the declaration of the usual interim dividend until the new plant is operating at capacity. DOLLAR AND FRANC. Press Association —By Telegraph Copyright LONDON, September 21. (Received September 22, at noon. The dollar is quoted at 5.06 5-8, and the franc at 76 15-16. SALES ON ’CHANGE.—THIS DAY. Christchurch.— Goldsbrough, Mort., 33s 9d; New Zealand Breweries, 52s 6d and 52s 7d; Booth, Macdonald (pref.), 2s 6d; Broken Hill Proprietary (ex rights). 75s 9d; Colonial Sugar, £42 17s 6d; Dunlop Rubber (cum div.), 18s 2d. Reported; 4 per • cent. Inscribed (1946-49). £lO5 5s (late sale yesterday); New Zealand Elmers Cooperative, 4J per cent. Stock (1940), •^93 “ Wellington.—Mount Morgan, 13s, 13s 3d, 13s Id ; Selfridges (old). 26s 9d ; Commercial Bank, 18s 3d; Hume Pipe 19s 8d ; Broken Hill, i 6s ; Claude Neon (Victoria). 43s 6d; Wilson’s Cement, 36s 6d: Burns Philp, 72s 4d. Auckland. —Combined calls : Broken Hill (rights), 2s 4d, 2s 2d; Mount Morgan, 13s Id; Dunlop Rubber, 18s 2d, Selfridge’s (old), 275; New Zealand Newspapers, 40s; New Zealand Breweries, 52s 6d; Martha. 18s 4*d. Our Auckland correspondent telegraphs After an improved turnover vesterday afternoon, the Exchange opened quietly this morning, and at the first call only three sales were made. Fresh bidding was steady, but lacked animation. In the banking sections New

Zealands looked very quiet, with sellers at 395, the best buyers stopping at o»s 6d. Commercials were steady between 18s 2d and 18s sd. Insurances were dull. Buyers of South British dropped back to 88s 9d. Renown Collieries were quoted ex div., with a market between 12s and 13s for ordinary and from 7d to 2s lOd for preference; and Northern Steams were easier, with sellers at’ 5s 9d. Lines that were close to business were Auckland Gas quoted from 23s to -23 s Id. and New Zealand News : papers from 39s lid to 40s. Kaiapoi Woollens were quoted ex div., with sellers of ordinary at 15s 3d, contributing at 6s 3d, and preference at 18s. Ihere were no buyers in either case. Australian issues showed minor changes. Broken Hills were offered low-er at 75s 9d. Rights changed hands cheaper at 2s 4d. Sellers of Australian Glass dropped their limits to 935, and a hnver came in at 90s 6d. Electrolytic Zincs continued firm, with quotations for preference 44s 3d to 45s Od, and unsupported sellers of ordinary at 4os. Mount Lvells were also firm, with the market between 29s 6d and 29s 9d. In Government Stocks the only offering was 1957 Bonds at £IOO.