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Grey River Argus, 18 September 1937, Page 7

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[Per Press Association]. DUNEDIN, September 17. Sales: Four per cent. Stock, 194346 £lO3 ss; Broken Hill South £2 4s; Mt. Lyell £2 Is lOd (3); Mt. Morgan Ils. CHRISTCHURCH, September 17. Sales: N.Z. Refrig. (10s paid) 10s (2); Dominion Breweries 40s 6d (2); Anthony Hordern 18s 6d; Broken Hill Pty. 74s 6d, 745, 73s 9d; Electro. Zinc (ord.) 53s Id, 535; Taranaki Oilfields 6s 8d (2); Grey River (6s 3d paid) 7s 3d (2); Mt. Lyell 41s 6d (2), 41s 7d; Mt. Morgan (cum. div.) 10s 9d; Rawang Tin Ils lid. AUCKLAND, September 17. Sales: National Bank 58s 3d; Bank of N.Z. (D Mort.) 29s lid; N. Auckland Farmers B pref. 10s 6d; Taupiri Coal 16s; Zinc pref. 565; N.Z. Newspapers 38s; N.Z. Refrig, (cont.) 10s. Sales, 12.15 call: Commercial Bank 17s 3d; Auckland Gas (cont.) 15s; Dominion Breweries 40s Gd; N.Z. Newspapers 38s; Taranaki Oil 6s 7id; Woolworths Holdings (South Africa) 16s Id; Mt. Morgan (2) 10s 9d. WELLINGTON, September 17. Sales reported: Four per cent, stock 1955 105 s; Australian Glass £4 12s lid. The Reserve Bank statement this week shows notes at £31,000 more than last week, and demand liabilities to the State at £133,700 more. Banks’ demand liabilities are £342,000 lower, and others £47,700 higher. Sterling exchange held is up £41,400 on the week, and other assets are £12,500 higher. The dairy account has been reduced by £180,400. HOME DAIRY PRODUCE PRICES. LONDON, September 16. Butter: Quiet. Danish 1355, choicest salted Australian and New Zealand 117 s. Unsalted New Zealand 118 s; Australian 117 s. Cheese: Steady. New Zealand white 67s 6d, coloured 68s 6d; Australian 66s 6d, 67s 6d. ENGLISH WOOL MARKET SLUMP. LONDON, September 16. The "News-Chronicle” says: Following the heavy withdrawals on Tuesday, half the 8500 bales offered at to-day’s wool sales were withdrawn. The market is disturbed owing to Japan’s failure to buy at the recent Australian sales; also the possibility of Japan not fulfilling the agreement to buy half a million additional bales from Australia by June. The sellers' refusal to cut prices indicates a belief that Japan will soon return to the market. Bradford: Tops market is quiet, and yarns are easier. London sales: 8485 bales offered including 2906 New Zealand; ,4245 sold. There was a moderate selection, a quieter demand favouring the buyers. The Home trade were again the chief buyers. RABBITSKIN SALE. DUNEDIN, September 16. With the season drawing to a close there was a noticeable decline in quantities offered at the rabbitskin sale, the bulk of the catalogues comprising late winter and spring grades. Bidding was brisk. Winter grades of bucks showed the sharpest drop, the decline being from 12d to 15d. All winter does were from par to 3d lower. Other grades were slightly erratic, but were mostly disposed of within a few pence of last sale’s Values. The following is the official range of prices: Summer broken 27 Id to 281 d; autumn broken 34d to 37d; second winter broken 37d to 43d; first winter broken 47d to 53d; runners 18d to 22d; summer bucks and does 23d to 28Jd; small 141 d to 16” d; racks 30d to 36\d; autumn 41d to 44'd; incoming winter 56s to 66d; early winter bucks 79d to 94d; early winter does 50d to 70d; first spotted winter bucks 95d to 100 d; does 651 d to 67d; second winter bucks 105 d to 116 d; second winter does 79d to 851 d; first winter bucks 124 d to 126 d; first winter does 95d to 96d; prime bucks 127 d to 129 d; prime does 98d; outgoing bucks 75d to 77d; does 57id to 60d; spring bucks 51d to 63d; does 36d to 40d; milky, first 37d to 40d, second 28d to 331 d; fawn 20d to 36d; winter fawn 60d to 74d; summer black 16d to 24Sd; autumn black 36d to 44d; first winter black 64d to 71d; second winter black 50d to 59d; hareskins 41d to 47d; horsehair 23d to 251 d; furrier does 76d to 80d. ANOTHER ALBERTA BANK ACT. — EDMONTON, September 16. At a special session of the Legislature on September 24, Premier Aberhart will confirm that another Bank Act is planned. The previous Act was vetoed by the Dominion and the Provincial Governor.