WANGANUI WOOL SALE

Press, Volume LXVI, Issue 19892, 1 April 1930, Page 12

WANGANUI WOOL SALE

NO IMPROVEMENT IN VALUES.

(PBBSa ASSOCIATION TXIJCOBAK.)

WANGANUI, March 31. The wool selling. season closed here to-day, when about 8000 bales were submitted. There was a good attendance of buyers and bidding was keen up to a point and well spread. Among the various sections of buyers Bradford was prominent and probably secured the. majority of the fleece wools offered. Prices showed a decline on the last sale, fleece wool being from a halfpenny to a penny lower. Medium, seedy, and shabby wools showed the largest decline. Coarse, free wools were possibly not more than $d lower. Pieces and bellies declined by about Jd to Jd and lambs up to Id. Th official range of prices is as follows: v

BANKRUPTCIES. DECREASES FOR MONTH AND QUARTER. A decrease of one-half in the number of bankruptcies was recorded in March, 1930, as compared with March, 1929. There were eight in March last year, as compared with four this year. Details are:—

In the March quarter, 1930, there were 11 bankruptcies, -as* compared with 21 in the March quarter, 1929. 7"- — FINANCIAL COMBINATION. (CHTOD niBSS ASSOCUTIOW—BT ELXCTBZC TSLZOBAPB—COPTBIOHT.) NEW TOEK, March 80. It is stated that an amalgamation is pending of the Guaranty Trust, Bankers' Trust, and New York Trust Companies, .with total resources exceeding 3,000,000,000 dollars. There is no other recent combination so large. TRADE WITHIN THE EMPIRE A CANADIAN PROPOSAL. (ttflßß HUM. ASSOGUTIOir—B* BLXCTmjC TK.SOBATH—COPTBIOBt.) OTTAWA, March 30. The. Empire Economic Conference has been definitely set down for September. The Canadian Budget, to be .brought down shortly, will be drafted accordingly. It is not unlikely that a plan will be launched for a reaction against the increases in the United States tariff on Canadian products by offering a special trade inducement to other countries of the Empire. CHINESE CURRENCY REORGANISATION. (mcrrm mums association—bt itxcraio TBLBOBAPK —COPTSIGHT.) . '' ■ SHANGHAI, March 30. . The American Financial Commission, headed by Dr. E. W. Kemmerer, after „a study occupying a year concerning China's monetary system, reports advising the reorganisation of the currency on a gold basis. The note issue should be made a monopoly of the Central Beserve Bank. WILDEN SETTLEMENT. [TH2 PBESS Special Service.] DUNEDIN, March 31. Applications closed this afternoon for the 13 sections comprising the Wilden Settlement, recently purchased by the Government for subdivision. Sixtytwo applications were received. The applicants will be examined at Tapanui to-morrow, and it is expected that the ballot will be drawn in the evening. PACKING OP PRODUCE. (PBBS3 ASSOCIATXOK TBLEOBAX.) WELLINGTON, March 31. At a gathering of fruit retailers today, the subject of conditions under which the marketing of fruit and vegetables takes place was discussed at some length. Several of those present expressed the view that the retailers' representatives who recently interviewed the Hon. G W. Forbes on the question had no mandate to criticise the markets inspector of the Department of Agriculture. The'general opinion was that the inspector did his duty as efficiently as possible and was not responsible for any unsatisfactory features of the present state of affairs. "If anyone is .to blame, said one feaker, "it is the retailers themselves, hat is wanted is closer co-operation between the retailers and the wspecIt was considered that potatoes, canbages and cauliflowers should be graded > in the same way as apples.

March 3rd March 3lBt, 1930. 1930. Extra fine crossbred 48-50- >- Average .. 8} to 9 7J to 8i Inferior .. 7J to 8J 6J to 7i Fine Crossbred 46-48— Average .. 7J to 9 7i to 8J Inferior .. 7 to 8 6J to 7i Medium Crossbred 44-46— Average .. 7i to 8i 7. to 7i Inferior .. 6J to 7i 6 to 7 Coarse Crossbred 40-44 — \ Average .. 7$ to 8i 6J to 7* Inferior ... 6$ to 7$ 5i to 6} Low Crossbred 36-40— Super .. — — to n Average .. 7 to 7$ 6Jto 7 Inferior .. 6J to 7 — to 6 Hoggets— • 48-50 .. 8* to Si 8 to 8} Fine 46-48 8 to 8} 7 to 7} Medium 44-46 7i to 8 6f to. n Lambs— Fine .. 10J to Hi 8J to 10 Medium .. 8 to 10 J 7 to 8J Inferior and seedy • .. 5} to 8 3 to « Pieces— Crossbred good to super .. 6 to 7 4i to 6 Crossbred low to ' medium 4§ to 5} 3 to 4 Bellies— Low to medium .. 4} to 4} 31 to 4 * Locks— Crossbred 3 to 3} 2* to 31

March, March, 1930. 1929. Petrol station proprietor 1 0 Motor-driver .. 1 0 Salesman • .. .. 1 0 Parmer .. .. 1 Labourer .. .. 0 Fisherman .. .. 0 Tobacconist .. .. 0 Clerk .. . .. 0 Carpenter .. 0 Builder .. 0 Storekeeper .. .. 0 Totals .. ' .. 4 8