LONDON WOOL SALES

Press, Volume LXX, Issue 21334, 29 November 1934, Page 11

LONDON WOOL SALES

fULL RECI''NT MATES ARE OBTAINED ' /rfITED rRJ-'*S3 "- 1 -11'iN—-PY LLECTBIC * •,! ?; -LorMiiCiiiT.) LONDON. November 27. At the wool \'nir; 9094 bales were offered, iucliiclii;-: J163 New South a ]es, 572 Queer.: land, 742 Victorian, jgS3 Western Ausn-yiian, 241 South Australian, and CSGS New Zealand. Approximately sCn;j Australian and New Zealand bales were sold. There was '.rood Lome and Contintnl competit ion, and l'ull recent rates were obtained. Sales: —Greasy merino, New South Wiles Muluermdie. 14d; Western Australian HN B ; WKP. 1 I'd; scoured merino, New South Wale;:, Toorale, nn 18' d, average l.A'.d: Queensland, Dulverton, 24d; Smith Australian, qHM and S., tup 1"; Ad, average 15:; d; greasy comeback, Victorian, Weerangcourt, 143 d; Now Zealand greasy crossbred.'lambs, Whangara, top 9 : , ! d, average B|d. The National Mortgage and Agency Company of Nov Zealand, Ltd., advise having retviwd the following cable message l n their London office:— The auction:; continue lairly animated, but there a weakening tendency in the market, especially for medium and coarse erossbrcds. Catalogues are being well cleared. The following prices are current:— Merino— d. d. Super .. .. 10 to H Average .. .. to D. 1 , Fine Hnlfbred Super. SG-5.'! . , .. 10.'. to 11 Average . . .. <)', to 10'. Medium Half bred - Super. SC-sf! . . . . to io.', | Average . . . . 7 ; '. to 8.1 Coarse Halfbrcd— Super. 43-50 .. 7 to 7. 1 , Average .. to 7" Fine Crossbred — Super, 4G-4J5 . , .. (j; | 0 (j-j Average .. 5; to 6; I Medium Crossbred Super, 4-i-4t> .. (,• |o C.i, ! Avcrase . .. .v; to G' ! Coarse Crosibrccl— Super, 40-44 .. 5; | u Average .. .. 51 to 5 j Low Crossbred -- Super, 36-40 ~ .. i( 0 ( j Average .. .. r>"; to 5 3 Pieces .. .. 41 t n c' Bellies 4" to 4' L o cks •• .. 3 to 31 BRISBANE SALES BRISBANE, November 28. At the wool sales the market was very firm, competition being "enera) Top prices were:—Greasy merino lG'.d' scoured 24d. - ' NEW WOQLPACKS KOI'GH LDGFS OITSIDK LONDON. November 27. j The Yorkshire "Observer" understands that the British Wool Federation has replied to the request of, the Australian Graziers' Council for its opinion on the use of woolpaeks with rough edges out.sidc, stating' that the new method of packing certainlv rethl n 'l 1 V" • I V tc f ' bres setting "from the pack into the wool. PATEKSON, LAING, AND BRUCE present would conditions A HANDICAP (tsnio tVIBS* AS-orU'nilN --BT EI-EITRIC TKLrampit—corvine nr.) 'Received November 28, 5.5 p.m.)' LONDON, November 27. At the meeting of Paferson, Lain.g, and Bruce, Ltd., Mr John Laing, presiding, said that until the world situation brought about the amelioration of adverse conditions militating against the operations of the company, they could not hope for a return to former prosperity. The evil effects of external influences had been to some exent countered by an improvement <v!^-' lad taken place in the internal tho t ', o . rasll | : maimer in which Australia . irmnt situation, an improvcnanv wa:i in the comcon^» a ? C , ounls - 11 was a 'nailer for tui-nnrt < '°" !hat Ulcy lu,d " ow lint n » although they had ! not got vory (ar siri P rnf boai l d had ".iven earnest eontanv i 0") u ! ; ecollst '-Lieting the comJh 10 - taken financial and 1 to- A, ec on ,he su b.icct. There 1 thit' „ owe Y cr - a consensus of opinion 1 Profit 0 sc . h( ; mr; was practicable until « figure !cac ' u ' d more substantial < that r jif'r''' pressed conlidenee : of profit 1 "r-' 7 w " ,,ld rc;,rh :i basiK 1 least '"getlier with the re- « V'ouirt n c !i j JOr '- I '-' n °' li hjjr capital, t Fchemp Tf lo formulate a | to all' reconstruction satisfactory | La'ing 0 r " lol , ij "'' n; " oirico of I'atersou. 1 cabin ' '' rill! '' Lid., received a J message from the director.;" in ; with , providing 0 :i y ,fl!T j S 9 : 3 /';— 1 ; c ' nC i deduction ol debenture in- ; l'hr> ri k-i (, ' hr,: ' expenses £12,527. loss • balance of the profit and to £70*08"j 1 i;: ,UlUl ' Cd by ,h ° Pl ' O,U l 1 _ .. I t r 01VII) i;\; i > i)i;cLAKl'l> i f (fß*:i's A'.s i'Jn iu* TEI.KGIi.'.-.1.1 Th No'.'cmbrjr 2!I. J. Dan h DOV ° nr " nl s,ri,ni r ' V ' n '- v Cotri - e cf /i _ as declared :ll! interim dividend i changed. 1 ' Uf '" L 11,0 divideild is utJ - J H, i\H)KT AND 3 ! COMPANY a r | deceived November 28, 5,5 p.m.) _ A -m SYDNEY, November 23. WWsbrough, Mori, and Company 5 c B d'bentures arc quoted at s