COMMERCIAL NEWS.

Ashburton Guardian, Volume 59, Issue 23, 7 November 1938, Page 7

COMMERCIAL NEWS.

WOOL TRADE IN LONDON. CROSSBREDS FIRM. United Press Association —Copyright.) LONDON, November 5. The firmness of wool prices is the outstanding feature at Bradford, hut Merino prices are still comparatively low. New business therein is not completely satisfactory, although it is improving. Crossbreds are being increasingly employed for uniforms for the troops in Britain and other countries, although much higher consumption is needed before machinery is working at full capacity. Crossbred merchants are also selling raw material to the Continent, ensuring a better prico than for tops.

DALGETY AND COMPANY’S dividend. WELLINGTON, November 6. The New Zealand superintendent for Dalgetv and Company has received a cablegram stating that the board of directors has decided to recommend at the annual meeting, to he held on November 17, a, final dividend of 3s a share, making a total of 0 per cent, for the year ended June 30, 1938. BUTTER MARKET IN LONDON,/ LONDON, November 5. The demand for butter has slackened, buyers using up previous , purchases. Some merchants also overbought in the hopes of small speculative profit. Continental supplies are plentiful, with

Australia making up New Zealand’s deficient supply. There is not expected to be any great change in the market during the next few weeks. The cheese market is quiet.