LATE COMMERCIAL.

Ashburton Guardian, Volume 55, Issue 169, 1 May 1935, Page 6

LATE COMMERCIAL.

THE WOOL MARKET. GOOD CLEARANCE AT MELBOURNE. (United Press Association —Copyright) (Received This Day, 11.10 a.m.) MELBOURNE, This Day. At the wool sales keen competition continued, and a very good clearance was mad© at late rates. The market closed strongly. Merino fleece wool sold to 7d, and scoured to 23id.

COMPETITION AT BRISBANE. (Received This Day, 11.10 a.m.) BRISBANE, This Day. Competition at the wool sales was more animated, and values were fully firm, with a hardening tendency. Ine top price for greasy was 16d, and for scoured 26Jd. * GOOD PROSPECTS IN LONDON. ’ LONDON, April 30. The wool-available for the sales that open on Wednesday, May -8, totals 166,000 bales, including new arrivals of Australian 21,400 bales, and New Zealand: 42,500 bales. It is expected that 166,000 bales will be catalogued. Prospects for the sale are generally regarded as favourable. It is expected that the firmness of the overseas markets will be reflected here. The Germans have been actively buying in South Africa and South America, and v it is expected they will operate in London.

DIVIDEND ’ RECOMMENDED. DOMINION FERTILISERS CO. DUNEDIN, This Day. f ' The directors of the Dominion Fertilisers Company recommended payment of a dividend at the rate of 4 per cent.-per annum.