STOCKS & SHARES

Wairarapa Times-Age, 6 February 1939, Page 6

STOCKS & SHARES

AUCKLAND (By Telegraph—Press Association.) . AUCKLAND, February 4. Stock Exchange -sales: British Tobacco Co (pref). £1 13s: New Zealand Breweries, £2; Mount Morgan. 11s: stock, January 15. 1953-57. £9l 10s (late sale yesterday): Bank of New Zealand, £1 18s 6d; British Tobacco Co, £2 9s; Emperor, 10s. WELLINGTON WELLINGTON. February 4. Stock Exchange sale (overseas listing), Woolworths' Holdings (South Africa), 15s Id. Sales reported: Bank of New Zealand, £1 18s 6d (2); Howard Smith Co, 19s 3d; Woolworths Ltd (ord), £1 3s; Mount Morgan, 10s 7d. CHRISTCHURCH CHRISTCHURCH, February 4. Stock Exchange sale:—Electrolytic Zinc, (pref), £2 10s. Sales reported: —New Zealand Breweries, £2 0s Id. .WOOL IN LONDON PARTICULARS FOR SERIES. GENERAL FALL IN PRICES. By Telegraph—Press Association —Copyright. LONDON, February 3. At the wool sales, 6,560 bales were offered, including 2,798 from New Zealand and 4,609 were sold. There was a moderate selection. The best descriptions met with an active demand. Medium and inferior grades were frequently withdrawn. New Zealand greasy crossbred Glenroa. brought 9d to 9|d; slipe halfbred, lambs’, Fairfield, 9d to 13d. Throughout the first series 109.800 were offered, including 43,780 from New Zealand, and 91,500 were sold, including .38,000 from New Zealand. The Home trade bought 56,500 bales and the Continent 35,000 bales. The tendency throughout was generally steady and competition was active. The best top-making and Merinos wools closed at par to five per cent lower compared with the last series in December; spinners, 7£ per cent lower; good scoured, 7J per cent lower; brokers’ pieces and locks, 5 per cent lower; finer crossbreds, 5 to 10 per cent lower; medium, nearly 10 per cent lower; coarse, 5 per cent lower. Slipes and longer wools were practically unchanged; others at par to five per cent lower; scoured slipes. ten per cent lower.

Messrs Levin and Co., Ltd., have received the following cable from their London agents, dated February 3: — The auctions closed here today with a good tone. There was good competition but mainly from the Home trade. The total quantity offered was 109,771 bales. Sold, 91,500 bales. Carried forward 52,000 bales, including 1,500 bales from New Zealand. Compared with the opening rates of last sale, we quote:—Greasy merino, best, |d per lb. lower; greasy merino, average, jd per lb. lower; fine halfbreds, 50/56’s, id to ■d per lb. lower; extra fine crossbreds, 48/50’s, id to Jd per lb. lower; fine crossbreds, 46/48’s, id to l>d per lb. lower; medium crossbreds, 44/46’s, id to Id per lb. lower: coarse crossbreds,, 40/44’s, id to Id per lb. lower; low crossbreds. 36/40’5. id to Id per lb. lower; slipe wool generally, no change.