COMMERCIAL

Gisborne Herald, Volume LXVI, Issue 20009, 7 August 1939, Page 2

COMMERCIAL

RECESSION IN PRICES

AUSTRALIAN MARKET ONLY TEMPORARY. SETBACK (F.loc. Tel!' Copyright—United Press Assn.) SYDNEY, August 4. The political crisis, had an unsettling effect on the Sydney Stock Exchange to-day. causing a further recession in prices, which, .howevci, is regarded as only temporary. Sales included:—Bank of New South Wales £2B 6s: Commercial Bank of Sydney, £lB 17s; United Insurance, £lO 10s; New 1 Zealand Insurance £2 ss; South British Insurance, £1 19s; Colonial Sugar, £44 17s 6d; British Tobacco £2 5s 6d; British Tobacco, pref. £1 7s 9cl; G. J. Coles, £3 10s 9cl; Australian Consol. Industries, £1 15s 6d; Dunlop Perdriau, 18s 9d, Farmers. £1 7s 9d; Anthony Hordern, 13s sd; Morts Dock, 15s 3d; W. Atkins, £1 3s 9d; William Adams, 15s 3d; Cash Orders, 16s 3d; Felt and Textiles, £1 10s 3d; W. R. Carpenter, £2 Is Gd: Gordon and Goteh, £2 13s 6d; W. H. Soul, £4 7s; Goldsbrough Mort, £1 4s 10d; Wilcox Mofflin, 5s 9d; Henry Jones, £2 10s; Millaquin Sugar, £2 0s 9d; Fairymead Sugar, £1 12s 6d; Electrolytic Zinc, £2 9s; Mount Morgan. 8s lid: Mount Lyell. £1 5s lOd; Eroken Hill Pty„ £3 Is 9d; New Eroken ’ Hill Cons.,- 15s Gd; North Broken Hill. £2 5s 3d; Broken Hil l South, £1 5s 7d; Aranura Uold, £1 7s; Morning Sales included: Commonwealth Bonds, 3 7-8 per cent. (1954), £99,2s Gd; 4 -per cent (1941), £lOl 2s bd; 4 per cent (£1944), £lOl 12s 6cl; 4 per cent (1947). £lOl 16s 3d; 4 per cent (1961), £lOl ss; Bank of New South Wales, £2B 6s; Tooth’s Brewery, 51s; Australian Gas (A, old), £7 4s 6d; Broken Hill Proprietary, 625; British Tobacco, 45s 9d : British Tobacco (pref.), 27s 9d; Felt and Textiles, 30s 3d. Sales on the Stock Exchange of Melbourne to-day included: —National Bank, £5 paid, £6 4s 6d; Australian Consol. Industries, £1 15s 6d; British Tobacco, £2 5s 3d; Dunlop Perdriau, 18s 9d; Herald and Times, £3 2s (id; G. J. Coles, pref., £1 13s; Broken Hill Pty., £3 Is 6d; North Broken Hill, £2 5s 3d; Loloma Mines, £1 5s 4d ; Mount Morgan, 8s lid.

WAIKATO STOCK PRICES

SALE AT MORRINSVILLE At the Morrinsviille stock sale on Friday, store wethers sold .really well. Several pens of store cattle were yarded, comprising mostly two and a-ha If year old- Polled Angus steers. Competition was good,' but several pen-s failed to reach the vendors' reserves. Competition on the fat cattle was not a-s keen as has been the case lately and consequently prices were a shade lower. Quotations: —Sheep. Fat wethers made 21s 6d to 235; prime maiden ewes, 19s Id to 20s;, fat ewes, 17s to ißs; be av»- prime hoggets, 22s 4d to 245; fat hoggets, 18s lid to 19s Gd; lighter, 16s to 18s Gd; forward conditiOfted, 15s 9d to 16s 3d; aged ewes, running with Southdown rams, 11s Gd. Cattle. —-Prime Hereford heifers, £8 Ills; medium. Jersey and Shorthorn cows, £5 IDs to £G Gs; light, £4 8s to £5; medium Jersey heifers, £4 10s to £5 12s Gd; light, £3 to £3 17s- Gd; 18 months Shorthorn steers, £5; heavy boner cows, £3 8s to £4; medium, £2 10s to £3 ,3s; light, 35s to £2 ss; cull cows, 15s to 27s Gd; empty two-year Jersey heifers; £2 16s to £3 9s; others, to £2 7s; empty Shorthorn heifers, £3 14s; good yearling Jersey heifers, £3.