AUSTRALIAN NEWS

Hokitika Guardian, 27 February 1931, Page 5

AUSTRALIAN NEWS

COMMONWEALTH BANK DEPOSITS. (Australian Press Association) SYDNEY, February 26. 'l’lie Commonwealth Bank deposits ‘ | for the past week increased by 3] milj [ions sterling to L 54.900.919. The 1 j ratio of cash to deposits was fourteen T point 86. The note issue was tin- ' i changed at L15,650. 01K). RISE IN WOOL SYDNEY. Feb. 25. At tlie wool sales to-day. the offerings comprised 10,560 bales of which 10,318 were- sold, also 902 privately. Coder very strong general competition prices ruled from par to five* per cent, above, last, week’s level-. The improvment. was specially noticahle in line quality wools and skirtings. Greasy merino fetched 231 pence. WHEAT PR ICES. SYDNEY, Fob. 26. Wheat quotations arc: Ex trucks at Sydnev 2s 2d per bushel; at country stations Is 7d per bushel. Flour is quoted £7 10,s per ton.: pollard £4 os per ton; bran £3 1.5 s per ton; potatoes are: Tasmanian £6 per toil; odious: Globes £1 10s, brown £4; oats; white 3s per bushel, Algerian 2s 6d ; maize: 4h per btishel. ANOTHER PAPER" SUSPEND. SYDNEY, February 20. The shareholders in Associated Newspapers Limited, Sydney, to-day endorsed the directors’ recommendation, by 172 votes to 86, that the “Sydney Evening News” lie suspended until the economic conditions war- | ranted its republication. I Two of the shareholders having demanded a ballot on the subject, this is now being held. It closes to-morrow. BIG EXCHANGE REDUCTION. COMING NEXT MONTH. MELBOURNE, February 26. Addressing the conference of citrus growers. .Air X. Underwood, of Mildura, said that he had received information from the hankers that the exchange rate might- fall at any time, and that it certainly would fall before the end of March. The reduction was expected to be at least fifty per cent. SWIMMING EXHIBITION. IN SYDNEY HARBOUR. SYDNEY. February 27. A novel swimming exhibition will be provided in Sydney Harbour on Sunday week when Miss Lily C’opplestone the New Zealander, and Irene Rolle of Bondi will endeavour to swim from Circular Quay, Sydney, to Manly, about seven miles. They will ho protected b.v shark proof nets 'thirty foot long and twenty feet wide, five foot deep which will he towed between two launches. Tho girls are at present in training and are confident of success. Sharks are usually plentiful in the harbour at this time of the year