WOOL

Press, Volume LXX, Issue 21084, 8 February 1934, Page 11

WOOL

SECOND SALE AT CHRISTCHURCH REALISATION, £629,436 AVHRAGK OF ]7d A POIND

The following particulars of the sccond Christchurch wool sale held on January 26 are supplied by the Christchurch Woolbrokers* Association: Offered .. 27,682 bales Sn,d • • 27,246 bales Realisation .. £629,436 Average prices—Per lb 17.032 d a bale, £23 2s 0.47 d. SYDNEY SALES SOME SORTS 5 PER CENT. DOWN CROSSBREDS STEADY (united przsb association—bt elictjuc TELIGEArH COPYRIGHT.) (Received February 7, 11.20 p.m.) SYDNEY, February 7. At the wool sales 12,005 bales were offered, 10,241 sold, and 1704 disposed of privately. Best-conditioned, deeply grown, good merino fleece wools and all descriptions of skirtings ruled firm, but the irregularity hitherto noted for fine descriptions lacking length, and also ordinary good free wools, was accentuated, and these can be quoted 5 per cent, lower. Comebacks and crossbreds maintamed late rates. Greasy merino sold to 31Jd for five bales from the New England district. RESEARCH IN WOOL INDUSTRY .ENGLISH CONFERENCE 'Received February 7, 7,5 p.m.) LONDON, February 6. The future of the Industries Research Institute was discussed at a conference at Leeds. Mr Neville Wright, scientific liaison officer, represented New Zealand. As the institute's works, which include questions relating to sheep marking, wool packs, and wool weaving, are endangered by the loss of an annual grant of £2OOO received from the Empire Marketing Board, the conference discussed plans for approaching Dominion governments for assistance. t> ' COMMONWEALTH CUSTOMS DUTIES I!, is presumably the aim of the Com- J r.r.i:wealth Government to encourage 1 urists to visit Australia. If so, it I would be well to issue directions to the j Customs authorities that they must not i'litagonise visitors by petty irritations < writes the Sydney correspondent of tic Melbourne "Argus"). On the first cruise of an ocean liner to New Caleconia a Sydney man, who purchased r. trifling souvenir in Noumea for about ss, was charged Customs duty on it exceeding the cost. He had no use for this ornament, and when asked for the absurd amount of duty he offered to throw it into the harbour. This method of settling the dispute v/as objected to, and the man was not only charged duty but also sales tax. A Scottish woman, who arrived recently from India, where she had been visiting a relative, had with her two or three presents received there. They were to be treasured for sentimental value. The cost would be less than £l, it is said. She was required in Sydney to pay nearly £1 in duty. Protests were of no avail. "We are here not to adjust difficulties, but to collect duty," she was told. The visitor will have to petition the head of the department. Her story, if published in Scottish newspapers, will scarcely stimulate touriet traffic. J. W. STAPLES AND COMPANY i FINAL DIVIDEND OF 21 PER CENT. (PKESS ASSOCIATION TBI,ZG SAM.) WELLINGTON, February 7. \ At the annual meeting of Messrs J. 1 iW. Staples and Company, Ltd., a final c dividend of 2J per cent, was declared j for the year ended December 31, making with the interim dividend of per cent, paid last August, a total distribution for the year of 5 per cent., the same rate as that for 1932. The net profits are shown at £12,908, compared with £14,636 for the previous year, and £37,162 in 1931. With £16,118 brought forward, the balance j in the profit and loss account is £29,026. The two dividends of 2J per Qent. each absorb £ 17,500, leaving c £11,526 to be carried forward. t

CHAMBER OF COMMERCE

LUNCHEON

A complimentary luncheon of members of the Canterbury Chamber of Commerce will be held at Ballantynes on Tuesday next, when the guest of honour will be Sir John Sandernnn Allen, vice president of the Royal Einpire Society, a member of the British House of Commons, chairman of the East African Advisory Board and dc- '*'* puty-chairman of the council of the Federation of Chambers of Commerce of the British Empire. SAKE OF CITY I'ROJ'ERTY Messrs Ford and Hadficld, Ltd., real estate agents and auctioneers, report having sold on account ol; the trustees in Burt's estate, their properly, situated in St. Asaph street (close to Colombo street) to Mr W. Furriiss. a I