COMMERCIAL

Gisborne Herald, Volume LXVI, Issue 20003, 31 July 1939, Page 8

COMMERCIAL

AUSTRALIAN EXCHANGES MARKET FAIRLY STEADY (Elec. Tel. Copyright—United Press Assn.) SYDNEY, July 23. The Sydney Stock Excnangc to-day was less active, but the market was fairly steady. There was good buying support for Australian Consolidated Industries owing to rumours'of a new issue at par. Sales included:—Bank of New South Wales, £2B 9s; Commercial Banking Company of Sydney, £lB 18s; Colonial Sugar, New Zealand delivery, £45 2.s (id; Millaquin Sugar, £2; Fairymead Sugar, £1 12s 3d; Australian Iron and Steel, pref., £1 8S Id; Tooth and Company, £2 12s 4d; Tooheys, Limifecl, £1 9s 3d; British Tobacco, £2 7s fid; Woolworths, Limited, £1 2s lAd; Australian Consolidated Industries, £1 17s 10',d; General Industries, 19s 3d: Lustre, 19s 3d;.,Anthony Hordern, 13s 8d; Mort's Dock, 15s lid; Australian General Insurance, 17s Gd; Hackshall, Limited, 12s; J. Fielding, £3 19s; Broken Hill Proprietary, £3 3s; Broken Hill Proprietary, contributing, £2 17s 9d; Broken Hill South, £1 6* Electrolytic Zinc, £2 9s; Mount Morgan, 9s Id; Arahura Gold, £1 8s Gd; Placer Development, £3 11s. Sales on the Stock Exchange of Melbourne to-day included:—Australian Consolidated Industries, £1 17s in.',d: British Tobacco, £2 7s 9d; Commercial Bank of Australia, 15s: G. 1 Coles, ex rights, £3 14s Gd; Myer Emporium, £1 8s Cd; Herald and Times, £3 2s 3d; Electrolytic Zinc, £2 7s 9d,

Electrolytic Zinc, pref., £2 13s; Moun Morgan, 9s Id; Mount Lyell, £1 5s 6d Emperor Qold, 9s lOd: Loloma Mine: £i 4. lOd. OPOTIKI PIG SALE ADVANCE IN VALUES A good yarding of pigs in al classes sold under keen competitior in Opoliki lasi week. Buyers foi buttermilk pigs were present from Hamilton and Taurartga, and a total clearance was made at .prices well in advance of late rates. Quotations:—Prime heavy baconeio .£.! 12s: medium heavy baconers, £f to .£3 9s: good buttermilk pigs, £2 14s to £2 16s; smaller sorts, £2 to £2 12s; 'heavy porkers, £2 5s to £2 18s; (light porkers, 33s to 38s; good store pigs 34s to 39s Gd; smaller sorts, 29s Gd to 33s (id; slips, 19s 9d to 235; weaners, small, 11s to 18s Gd; choppers, ; 25s to £2 15s. FAT SHEEP MARKET SALE IN MORE INS VI LEE There was a good yarding of all classes of fat sheep at the Morrinsville stock sale on Friday. Competition was steady and late rates were maintained. There was an average yarding of fat hoggets, and satisfac- ; tory prices were realised. ■ An average yarding of all classes of I cattle, including a few pens of prime

i Polled Angus and Hereford heifer ; beef, came forward. There was also a medium entry of cow and ox beet with all classes selling under keen competition at values equal to previous sales. Quotations were:— Sheep.—Medium prime wethers, 23s to 23s 9d; light fat wethers, 20s to 20s 9d; .fat ewes, 15s to 17s 10d; heavy fat 'hoggets, 21s to 22s 3d; medium. 18s 5d to 19s 8d; light, 14s Gd to lGs 9d; forward-conditioned white-face hoggets. 12s to 13s Gd; ewe hoggets, 16s Gd. Cattle. —Heavy prime Polled Angus cows and heifers, £9 to £9 10s; medium ox, £9 15s; heavy prime cows, £9 6s; heavy fat cows, £5 10s to £6 10-;; medium, £4 Gs to £5 4s. T'E TEKO STOCK SALE BEEF VALUES FIRM A small yarding of beef and a large entry of dairy heifers came forward last week in Te Teko. Prices in the beef section were firm at late rates, but owing to the bad weather the heifer market was not as good as might have been expected. Some very good quality cattle were penned and the best early calvers. well grown and in good condition, made to £9 15s; others, from £7 10s to £8; later calvers, from £G to £7l small and backward, from £5 to £5 15s. 1 In the 'beef and store section heavy fat Jersey cows made from £5 10s to £6 Gs; medium, from £4 10s to £5 ss; good quality barren heifers, from £5 to £5 9s.