WOOL STILL DULL.

Auckland Star, Issue 291, 9 December 1925, Page 4

WOOL STILL DULL.

TEAR OF FURTHER TALL. . CONTINENTAL . ORDERS FULL. (By Telegraph.—JPress Association.) NAPIER, Tuesday. The second Napier -wool sal© of the 1925-20 season concluded to-day, no improvement whatever being shown in the prices ruling to those offered "by buyera for the earlier catalogues. Bradford, the Continent and America were not eager buyers. They may have wanted wool, but they did not display the keenness that had marked previous sales. In comparison with the opening sale a month ago the market was dull, the bidding being lifeless. -It is felt- in some quarters that prices must fall still further, and that where to-day one shilling was being offered for good average wools later sales in the season will find the same class wool only bringing single figures. The Continent was «, 'big factor .in the opening sales of the season in keeping the prices up to. a satisfactory level, but from the competition prevailing at the second Napier sale it seems as though Continental orders are now being filled, that' there is a weakening in the competition from that'market, and that Bradford, which was practically out of the market at the. first sales, is'now stepping in, prices reaching a level enabling her buyers to operate with some freedom. Compared with November prices have declined as follow: Super fine Id to Ifd, super medium ljd to 2d, average lfd to 2id> inferior 2Jd to 3d, pieces and bellies Id to ljd, crutchings Id to ljd, lambs (good) par to fd, (average) par, seedy and inferior par to ljd. - • - The following is the official range of prices :— • DownAverage 14jd to lGjd Fine halfbred— Super ......... IOJd to 17id Medium halibred— Super 13d to 17d Coarse haUbred— < Super i3|d to l?d Average 12Jd to lGd -TM-ifrrf lid to 12$ d Corrledale— •Super, up to .. ITJd Fine crossbred— ««per 14d to lGid Average 12d to 14a Interior Old to ll&d Medium crossbred— • • , Super Ud to luSd Average lljd to 12Jd Inferior 9d to io|d . Coarse crossbred— Super . 12|d to 14d Average OJd to 113 d Inferior . Tα to ojd Low crossbred— • Super, up to .. 12ja Average IOJd to 12a _ Interior 7d to 10d Hoggets— Fine 15d to lSd Medium ..' 13* dto 10d , Coarse 12Jd to 13Jd Lambs-*- '•. Fine 12d to KM •Seedy and Inferior Sd to 12d Bellies and pieces— - Halfbred, low to l medium, up to 12} d Crossbred, good'to super ....... lid to 133 d Crossbred, low to ■ medium ..... 7d to lid Criitchlnge—Medium to good . 0d to lOJil Inferior and seedy 4d to 7jd liocks— Crossbred ...... , 4Jd to 6d ..' KAURI TIMBER COMPANY. EIGHT PER CENT DIVIDEND. The directors' report for the fifth year of the company's operations, ending August 31, states that the profits for the year, after providing Tor depreciation, income tax, etc., and transfer of £10,000 to dividend equalisation fund, amount to £62,238, less -an Interim'dividend of. 4 per cent, paid In June, £30,000. This leaves a balance or £32,238, out of which it Is proposed to jpay a fttrther dividend of 4 per cent, leaving £2238. This, with the amount brought forward, ■£ 13,873, leaves £16,111- to too carried forward.