COMMERCIAL NEWS

Ashburton Guardian, Volume 53, Issue 272, 29 August 1933, Page 7

COMMERCIAL NEWS

GOOD ADVANCE IN WOOL. FIRST SALE AT SYDNEY. (United Press Association—Copyright). SYDNEY, August 28. At the wool sales to-day 10,330 bales were offered and 10,099 sold, while 4117 bales were disposed of privately. The market opened with strong and sustained competition from all sections. As compared with the closing sales of June 1, the market showed an advaxice of 30 per cent., whilst, compared with the opening rates of last season, prices showed a rise of about 45 per cent. Excellent clearances were effected. Greasy merino sold up to 19fd. Some particularly attractive clips were submitted. Wools from the west and north-west district of New South Wales generally were much finer than last year, soft in handling,, though shorter in length they* carried less burr, but more dust, due to the need for rain in those areas. Yorkshire was a very strong competitor while France and Japan bought in excellent volume.

TIMARU PRICES SATISFACTORY

TIMARU, August 28

Satisfactory prices, on a par with those obtained in Christchurch last week, ruled at the wool crutching sale heid in Timaru to-day. The total offering was 850 bales, for which a full bench of buyers provided keen competition. Most of the catalogues were cleared.

The following is the range of prices d. d

DOMINION PRODUCE.

HIGH COMMISSIONER'S REPORT.

The Department of Agriculture has received the following cablegram, dated August 26, from the High Commissioner for New Zealand, London:— v Tallow—Spot market quiet and unchanged. Slightly easier prices for shipment. Auction will he held on August 30. Eggs, Market firm with upward tendency. English: National pack, 15s to 18s 6d, ordinary pack 15s 6d. Danish 11s 6d to 14s 6d; Australian, 151 b per long 100, cleared 12s to 12s 6d. Fruit—Market slow. Prices for New Zealand apples are: Granny Smith 15s, Dougherty 8s 6d to 9s 6d, Cleopatra and Brighton 7s 6d to Bs, Sturmer and McMahon’s White 6s 6d to 7s fid, Dunn’s and Ballarat os to 6s, Scarlet Nonpareil ss. Otago: Newton Pippin 10s, Rome Beauty 7s 6d to Bs, Jonathan, Delicious, Winesap, Dunn’s and Ex op us Spitzenberg 6s to 7s, Cleopatra 5s 6d to 6s 6d, Statesman 5s to 5s 6d. NEW ZEALAND DRUG CO. INTERIM DIVIDEND DECLARED DUNEDIN, August 28. At a meeting of the board of directors of Kempthorne Pi’osser and Co’s. New Zealand Drug Company this afternoon, an interim dividend of 3* per cent, for the half-year ended July 31 was declared. The rate is the same as that paid last year. , SYDNEY EXCHANGE ACTIVE EFFECT OF IMPROVED WOOL PRICES. SYDNEY, August 28. The strong opening of the new season’s wool sales was reflected in the investment markets to-day pastoral shares showing ii very substantial increase above .the recently advanced rates. Some gold shares also moved up in sympathy with the high price of gold recorded during the week-end. Among these, Bulolo gold, and the parent concern, the Placer development, Mount Morgan, and New Guinea Goldfields, as well as some Westrahan ventures, al touched new high levels.

CLEARING SALE AT METHVEN A successful clearing sale on behalf of Mr G. 11. Hampton, Cracroft, was conducted by the National Mortgage and Agency Co., Ltd., yesterday. There was a good attendance of buyers. Prices realised were as follow: — Horses —Agedi mare £3O, five-year-old mare £2B, eight-year-old piare £2/ 10s, eight-year-old gelding £35, aged gelding £l7, seven-year-old mare £33, aged mare £9, nine-year-old gelding £29 10s, unbroken three-year-old gelding £3O 10s. Cattle —Fourteen m.s. cattle 365, two dry cows 275. Cd, cows at 255, 355, 20s, three at 60s. Sheep —One hundred and five crossbred ewes 10s 3d, 111 three-quarter-bred ewes 12s 3d, 66 cross-bred ewes 11s, 117 two-shear ewes 20s Bd, 44 empty ewes 3s, 58 f. and f. owes 6s 3d, 30 ewe hoggets 12s, 30 fat ewes 14s, 19 wether hoggets 12s 3d. Implements—Binder £22, drill £44, chain harrow £4 ss, six-horse set chains and blocks £3, rotary disc plough £6, plough £ll, d.f. plough £B, tripod harrow £l3 10s, cultivator £7 10s, dray and frame £lO 10s, spring cart £8 15s, mower>£ls ss, s.f. plough £4.

Fleece— Merino — to 12$ Half bred ... ... 11 to 13* Three-quarter-bred . 8 to 10 Crossbred 5 to 7 Crutcliings— Fine 6 to 8 Threequarter-bred . 4J to 5* Bellies 5 to 7* Eye clips 4 to 7 Locks 3 to 4