COMMERCIAL

Gisborne Herald, Volume LXVI, Issue 20031, 1 September 1939, Page 8

COMMERCIAL

MARKETS STRONGER

ACUTE AM A X exc fIA XL' ES INDUSTRIALS RECOVER (Klee. Tel. Copyright—United Press Assn.) SYDNEY. August 30. The Sydney Stock Exchange was in a good mood again to-day. A strong recovery was noticed in popular industrials. ' Sales included: —Bank of New South Wales. £27 13s; Commercial Banking Company of Sydney, £l7 10s; Commercial Bank of Australia, 14s; Union Bank, £7; Colonial Sugar, £43 15s; Associated News, ex cliv., 17s 3d; Associated News, pref., lt)s 7Jd: Adelaide Steam, £1 12s 3d: British Tobacco, £2 5s 9d: Tooth and Company, £2 Its 9d; Tooheys, Limited, £1 8s: G. J. Coles. £3 10s (id: Pitt. Son and Badgcry, £2 ; Paul and Gray, £1 Os (id; Australian Consolidated Industries, £1 13s 4d; Australian Consolidated Industries, rights, 5s lOd; Dun-lop-Perdriau, 18s 9d; David Jones, £1 12s Gd; General Industries, 18s 3d; Mort’s Dock, 13s lOd; Australian Guarantee Corporation, £1 2s; W. Atkins, £1 Is 9d; William Adams, 15s ljd; W. 'R. Carpenter, £2 Is 3d; Goldsbrough Mort., £1 ss; Morris, Hedstrom, £1 4s Gd; Electrolytic Zinc, £2 11s;' Electrolytic Zinc, pref., £2 13s; Mount Morgan, • 9s; Mount Lyell, £1 Gs Id; Broken Hill Proprietary, £3 Gs; North Broken Hill, £2 4s Gd; Broken Hill South, £1 5s Gd; Emperor Mines, 9s 7d; Loloma Mines, £1 5s Id. Morning sales included: —Commonwealth Bonds, 3.', per cent, 1948, £96 3s 9d; 3 : | per cent, 1942, £99 13s 9d; 3J per cent, 1954, £99 Is 3d; 4 per cent, 1944. £IOO 17s Gd: 4 per cent. 1950, £IOO Is 3d: 4 per cent, 1955. £IOO ss; 4 per cent, 1959, £IOO 15s; 4 per cent, 1901, £lOl 13s 9d; Commercial Banking Company of Sydney, £l7 10s; Commercial Bank of Australasia, 14s 2d: Tooth’s Brewery, 51s 3d; Australian Gas “A,” £6 17s Gd; Associated Newspapers, pref., ex dividend, 19s 71,d: Anthony Hordern, 13s; Australian Consolidated Industries, 33s 9d; British Tobacco, 45s 9d; Broken Hill Proprietary, 665; Cash Orders Amalgamated, 15s Gd; Colonial Sugar, £43 15s; Farmers, 26s 9d. Sales on the Stock Exchange of Melbourne to-day included: —Commercial Bank of Australasia, 13s lid; Commercial Bank of Australasia, pref., £8 8s; National Bank of Australasia, £lO paid, £l2 ss; General Industries, 17s 3d; Australian Consolidated Industries, £1 13s Gd; Australian Consolidated Industries, rights, 5s lid; Cox Bros., 10s 3d; G. J, Coles, £3 11s; Felt and Textiles, £1 8s; Woolworths, Limited, £1 2s Gd; Hume Pipe, 18s; Broken Hill Proprietary, £3 5s 9d; Zinc Corporation, £3 19s. 7d; Mount Lyell, £1 7s; Mount Morgan, 9s 3d; Emperor Mines, 9s Gd; Loloma Mines, £1 5s Id; North Broken Hill, £2 4s 3d; Broken Hill South, £1 5s 3d.

GRAIN AND SEEDS O LSBORNE MARKETS MAIZE MOVING FREELY i The markets for grain, seed and produce in Gisborne remain firm with little change in recent rates. Supplies of maize are going forward freely, although during the present week the quantities offering fell off considerably in view of the approach of September, when a further Id increase in the minimum price was to become operative. The new price of 5s Gd per bushel, f.0.b., Gisborne, came into effect to-day. However, all inquiries are expected '.o be met during the next few

months, ana shelling should continue rapidly as weather permits. Growers had a good run during August, comparatively little wet weather being experienced. There is only a small inquiry for seeds for the sowing down of permanent pasture, but oats and barley seed is going out freely, Algerian oats at the firmer irate of about 7s a bushell, ex ■ store, and machinedressed barley at Gs Gd. Practically no ryegrass is left in Gisborne, and the new crops will come on to a bare market. A 'demand still exists for hay, though this has slackened, off considerably since the grass began to come away throughout the district. Prices remain, very firm, for supplies are 'held only in small quantities now. First class meadow hay is quoted at Gs Gd a bale and threshed at ss. Brand and pollard are in steady demand, with South Island supplies scarce, but Australian is becoming available. New Zealand grown pollard is selling at 17s Gd a sack and bran at 13s Gd, Australian quotations in smaller sacks being on a similar weight basis. A steady flow of small orders is coming in for fertilisers, but no large quantities are wanted at present. A few New Zealand-grown onions remain in Gisborne stores, and the merchants have not yet had to draw on Japanese supplies.