COMMERCIAL

Gisborne Herald, Volume LXVI, Issue 20021, 21 August 1939, Page 2

COMMERCIAL

AUSTRALIAN EXCHANGES

DULL AND LIFELESS

(Elec. Tel. Copyright —United Press Assn.)

SIDNEY Aug. 18

To-day’s share market was extremely ..dull .and .lifeless, with a weakening tendency, due probably to renewed tension' in Europe. Sales included: Bank of New South Wales, N.Z. delivery, £2B; Commercial 'Bank of Sydney, £lB ss; Commercial Bank of Australia, 14s ?d; Colonial Sugar, £44 15s; Adelaide Steam, £1 12s 4d; British Tobacco, £2 5s 9d'; Tooth and Co., £2 11s 6d; G. J. Coles, £3 11s 9d; Woolworths Ltd., £1 3s 7jd; Australian Consolidated Industries, £1 16s 3d; Morts Dock, 14s 3d; William Adams, 15s 6d; Cash Orders, lCs lOdl; Standard Cement, £1 2s 3d; Mauri Bros., £3 12s; Winchcombe Carson, £1 6s 6d; Henry Jones, £2 10s; Millaquin Sugar, £2 Os 3d; Edwards Dunlop, £2 8s 6d; Broken Hill -Proprietary, £3 Is 9d; New Broken Hill, 16s 7d; North Broken Hill, £2 ss; Broken Hill South, £1 5s 6d; Emperor .-Mines,- 9s lid; Loloma Mines. £1 6s 6d.

Sales on the Stock Exchange of Melbourne to-day included: —National Bank, £5 paid, £6 2s; Metropolitan Gas, £l3 ss; Millaquin Sugar, £2 Os 6d; G. J. Coles, £3 11s 6d; North Broken Hill, £2 5s 4d: Mt. Lyell, £1 5s 9d; -Lolom-a. Mines, £1 6s 6d; Emperor Mines, 9s; lOd.

SHARP RISE IN BEEF

MORRINSViLLE STOCK SALE

At the Morrinsvillc stock sale on. Friday there was n medium yarding of fat sheep, comprising mostly fat hoggets, for which late rates were maintained, while a few pens of fat wethers sold readily. The offering of beef, which comprised fat cows- and’ -heifers, showed a sharp rise in value, with -boner cows remaining firm ait Inte rates. Satisfactory prices -were realised for store cattle, including several pens of store bullocks.

Slreep.—Heavy prime wethers, to 28s 9d; light fat weathers, 22s to 24s 9d; prime black-face mutton, to 24s 6d; fait ewes, 20s; prime woolly hoggets, 21s to 235; medium fat hoggets, 19s to 19s 6d; light, 15s (3d to 17s 6d. Cattle.—Empty two-year Friesian heifers, £3 4s ito £3 8s; three and four-year Polled Angus and Hereford steers, £8 11s to £8 18s; three-year Hereford steers, £8 4s; two and a-half to three-year Polled Angus steers, to £7 2s 6d.

POTATOES AND ONIONS

UNCERTAINTY IN SOUTH

The potato market in Christchurch ■is still more or less marking time because of the uncertainty about the import position, states a message from Christchurch. While the market shows no marked weakness, quotations at £lB to £l6 10s, according to delivery and station, are slightly lower than those ruling a week ago. Offerings from ihc cbuntry are still Very small. •

Two ships, the Waiana and Kakapo, have loaded potatoes for the North Island. The Waiana took 7200 sacks from Lyttelton, as well as a quantity from Timaru, and the Kakapo was expected to take between 5000 and 6000 sacks. Onions are still very firm at £l7 to £lB a ton. The end of the season is approaching and supplies are very small. Chaff is reported to be weak, with quotations at from £4 to £4 5s a ton. A little more activity has been, reported 'in the seeds market this week, but it will be some time yet before the full seasonal demand sets in. Most of the trade so far has been local.