WOOL SALES.

Press, Volume LXVI, Issue 20039, 22 September 1930, Page 12

WOOL SALES.

NEW ZEALAND CLIPS.

SOME OF THE PRICES. "(TJXITED PRESS ASSOCIATION—E7 ELECTIIIO TELEGRAPH -COPYRIGHT.) LONDON, September 19. At the wool sales 9055 bales were offered, including 3981 from New Zealand, and approximately 5C60 were sold. There was a moderate selection o* greasy merinos suitable to all sections and a good offering of all classes of New Zealand wools for which there was good competition. Late rates were fully maintained. New Zealand sales were: — Greasy Crosslwed. Top. Average. d. d. Eanui . • .. D-i S-} Pakira .. - • 1" Finest Scoured. ••Gerald" .. •• 27-?/ Combings. "Gerald" .. •• -1 ~~ Halfbrcds. "Fighting Hall" ..It The highest price for halr'bred lambs was 12Jd. AUCTION AT ADELAIDE. BEST WOOL CHEAPER. ADELAIDE, September 20. Wool prices at the lirst sale of the season, which has just closed,' were irifrgular. Best wool was about 5 per of nt. cheaper than the June sales, and ordinary 10 per cent, easier. Thirty thousand bales we:'-- offered, the withdrawals totalling £0 per cent.

BRITISH WIRELESS INDUSTRY.

PROSPEROUS CONDITION. (BEJTItm OCFICMIi VWSBLEdtf.) RUGBY, September UK Tho Dominions Secretary, Mr J. H. Thomas, in a broadcasted speech opening the National Radio Exhibition, which began at Olyrnpia, Loudon, to-day, said the wireless industry had been virtually unaffected by the present worldwide trade depression, and British radio manufacturers were now constructing six new factories, which would cover 200,000 square feet. Thero were no unemployed in the wireless trade, which was steadily absorbing unskilled labour. The boom had a far-reacbing effect on other industries. This year's exhibition i 3 twice as large as that of last year, and shows remarkable advances in efficiency and economy.

BRITISH TRADE MISSION. VISIT TO CHINA AND JAPAN. (Bsrnaji oyyiciAL wirslesb.) RUGBY. September 19. On the departure of tho members of th» British Economic Mission to the Far East, the Foreign Secretary (Mr Arthur Henderson) to-day sent the chairman a message wishing them success, and adding: "Your visit to Japan is a sign ot the uninterrupted friendship so happily existing between the two countries. To China your visit will bo an assurance of the deep interest which . the British Government arid people have in that country's welfare."

REDUCED DIVIDENDS.

LOSSES TO INVESTORS,

(UXITED PRESS ASSOCIATION—BS KLECTKIC TELEOBAPH—COPYRIGHT.)

SYDNEY, September 20

In an article in the "Sydney Morning Herald," relating to investors' losses as the result of reduced or deferred dividends, owing to the financial strigency, the point is emphasised that certain' sections of Labour would have the world believe that the worker, alone are making undue sacrifices. The "Herald" published a list of 115 companies on the Stock Exchange whose dividends have either been reduced, deferred, or passed altogetber. The aggregate reductions involve a loss to shareholders over the vear of £2,304.531, which is equal to 3.7S per cent, of the paid up capital of £GO,B4f>,L > 04 represented by the share issues.

Tbo recent downward tendency of shares on the Exchange has been accentuated in consequence of the announcement that extra taxation is contemplated bv the Federal authorities. Many stocks touched new low levels.

METAL MARKETS.

TIN PRODUCTION REDUCED. (BEITISII OFWCIiL WiaELESS.) (Received September 21st, 5.5 p.m.) RUGBY, September 19. The Tin 'Producers' Association announces that tbo total of the world's tin production during eight months of the current year was 113,379 tons, as against 122,035 tons for tho corresponding period of last vear. The reduction in the world's total production last month, as' compared with the monthly average last .year, is 28 per cent. Some companies did lot completely suspend operations during August, and a further reduction in output is expected this month. Tin was £133 9d per ton on the London market to-day, a reduction of 10s on yesterday's price. Copper was also lower at£4o Us 4a per ton.

TIMBER FROM PORT CRAIC. According to Captain Lavcrton, of the Canterbury Steamship Company's coastal steamer Calm, which is cmployed in a regular cargo carrying trade betweer Wanganui and souther'- ports, a very good timber trade is developing from Port Craig, a short distance from Bluff (states tbe "Wanganui Chronicle"). Three years ago a sawmill commenced operations there, but during that period it has been closed for a year. Now it has resumed milling again. The timber is mostly riinu, and it is estimated that there is sufficient quantity to last for fifty years. Loading operations are conducted by means of an ac-'\l from the shore to the ship. This is six hundred feet long, and work ean only be carried out during fine weather. The rate of loading is 10,000 feet an hour. So far, most of the mill's output has been, shipped to Wellington.