AUCKLAND WOOL SALE.

Press, Volume LXV, Issue 19786, 26 November 1929, Page 12

AUCKLAND WOOL SALE.

CORRIEDALE BRINGS 18£ d. (TRLBM ASBOC2ATZOV TILIGHAM.) AUCKLAND, November 2-5. Presenting by far the largest catalogue of the season to date, Auckland's opening wool sale this evening attracted keen interest from a full bench of buyers. Compared with this season's preceding sales at Wellington, Napier, and Wanganui, the market was accounted good, although inclined at times to be a little erratic. Generally described, the market was firm without change on 48's and lower grades, while a slight easing, but without a notable' change, was evident in the case of 50's and finer counts. The catalogue totalled 17,225 bales, a decrease of 5042 bales on the offering at the first sale in Auckland last season. Germany was the principal buyer. _ German interest was principally in inferior wool. France and England operated with reserve, indeed, Bradford purchases were mainly restricted to one firm. There was fair competition from Russia, which wanted finer sorts. One firm also bought freely on behalf of Tasmanian mills, which wanted better class spinning wool. The offering was inclined to be a little heavier than was the case at Auckland a year ago, but was on the whole lighter than at Wanganui la?t week. Top price at a late hour with three out of five catalougues cleared was 18Jd for four bales of extra super Corriedale. The sale will continue into the early hours of the morning. SYDNEY WOOL SALES. (CSIIED PRESS ASSOCIATION —BT ELECTRIC TZLIGRAFH—COPTEIOHT.) (Received November 25th, 11.15 p.m.) SYDXEY, November 25. At the wool eales, 6696 bales were sold. There was * firm market for good quality lines and an easier tendency for faulty. Greasy merino brought 26jd. ORIGINAL DUNLOP RUBBER. The parent Dunlop Kubber Company in En-land has declared an interim dividend of 6 per cent, on the ordinary shares o£ the vear 1929. This is described as an encouraging indication of_ the course of the company's business daring the first half of the vef'r. It is, of course, an innovation, and follows the announcement of Sir Erie Geddes at the general meeting last May that the board intended to accede to the oftrepeated request of shareholders for interim dividend payments. These payments, he said, would begin this year as soon a3 the board been able to satisfy itself as to the likely result of the half-year's trading. But he added that the dividend must not be taken as an indication of the trading results of the company. This, presumably, referred to the rate of distribution. For 1928, it will be remembered, the dividend on the ordinary capital was 20 per rent., and for WARBURTON FRANKI, LTD. Va-burton Franki, Ltd., discloses a profit t 'ls 556 for the year ended September -rtt" an addition of £9O to the profit of the '• v,us vear. A dividend of 10 per cent. . Pr " been" declared on both preference and or.jinr.rv shares, and a bomi? of 21 per cent. " . .j, , : This will account for the balance is transferred to e»ii,„„rvp mak it i'S4.O"S. The profit '"'.n'i, made after providing for taxation. rVm»i! vs.- increased dunn; the >ear by I*o 0= 6 f35.515 m creditors -irid' overdraft, with whi-h is included prori.ioa for taxation. '' accompanied by an inIteaie c; i'i.in -a Eioci and vor*. ,