LONDON WOOL SALES

Press, Volume LXXXIV, Issue 25448, 20 March 1948, Page 9

LONDON WOOL SALES

KEEN COMPETITION FOR GREASY WOOLS LONDON, March 18. Offerings at to-day's London, wool sales totalled 20,992 bales, of which 13,188 bales were sold. They included 10,642 from New Zealand and 8966 from Australia. There was keen competition for good greasy topmaking wools, but the selection w6s very moderate. Scotireds were poorly represented. Bradford wool tops: Merino, 70’s IOOd, 64’s 90d, 60’s 86d; crossbred, 56’s 52d, 50’s 34d, 46’s 31d. COMPANIES REGISTERED Registrations of the following new companies appear in the current issue of the “Mercantile Gazette”:— Refco, Ltd Private company, March 3, Belfast. Capital: £3OOO in £1 shares. Subscribers; Wellington—D. M. Pollock 2000; Christchurch—A. P. A. Nicholls 50, P. W. Nicholls 100; Motunau: B. A. Nicholls 100; Kaputone Wool Scouring Company, Ltd., 750. Objects: Refiners, buyers, dealers in fats, oils, and incidental.

Thomson and McAllister, Ltd. Private company, March 5, 205 New Brighton road. Capital: £lBOO in £1 shares. Subscribers: Christchurch—R. Thomson' 900, C. R. McAllister 900. Objects: Joinery, furniture manufacturers, and incidental.

St. Martins Stores, Ltd. Private company, March 5, 187 Hereford street. Capi* tai: £l5OO in £1 shares. Subscribers: Christchurch—D. A. Bowick 1000, D. E. Bowick 500. Objects: Grocers, general provision merchants, and incidental. Hamilton (C. A.), Ltd. Private company, March 8, West End, Kaikoura. Capital: £3OOO in £1 shares. Subscribers: Kaikoura—C. A. Hamilton 2900, M. E. Hamilton 100. Objects: Drapers, clothiers, outfitters, and incidental. . Trading Company (Kaikoura), Ltd. Private company, March 9. Esplanade, Kaikoura. Capital: £2250 in £1 shares. Subscribers: Kaikoura—P. V. Nelson 1900, H. A. Nelson 350. Objects: General storekeepers and incidental. Cable and Company’s Dividend.—The directors of Cable and Company have decided to pay a dividend at the rate of 7 per cent, per annum on preference shares on May 1 (ex dividend April 1). The dividend payable is free of social security tax, but the directors state this applies to this distribution only arm is not to be taken as a committal for the future.—(P.A.) LONDON MINING QUOTATIONS LONDON. March 17. Mining quotations: Broken Hill North, 71s 9d; Broken Hill South, 34s 6d; Broken Hill Proprietary, 45s 6d; Zinc Corporation, £6 Is 10}d; New Broken Hfll, 38s; Mount Lyell, 23s 6d.

. MINING Rimu GOld Dredge.—The return for the clean-up period from March 2 to March 16, yielded 169 ounces of gold from 56,081 yards in 228% hours. Arahura Gold Dredge.—This dredge in the first half of March won a total of 266 ounces of gold from 85,000 yards in 186 hours.—(P.S.S.). Kanieri Dredge.—This dredge returned a total of 172 ounces of gold from 73,000 yards in 211 hours, —(P.S.S.) % OTHER EXCHANGES SYDNEY A "strong inquiry for Barriers, originating in London, provided a sharp Contrast With the continual- downward trend of industrial share prices on the Sydney Stock Exchange yesterday. - Sale?.—National Bank (20s paid), 31s 6d; Bank of New South Wales, £37 2s 6d; Tooths, 75s 6d; Associated News (pref.), 21s 6d; A.C.1., 60s 3d; Broken Hill Pty., 54s 9d; North Broken Hill, 90s 6d; South Broken Hill, 445; Burns, Philp, 79s 9d; Colonial Sugar, £5B 10s; David Jones, 55s 6d- Felt and Textiles. 59s 3d; Howard Smith, 24s 9d; Wilcox, Mofflin, 17s 6d; Woolworths. 22s 10 Jd;. Bradford Cotton, 51s 6d; Drug Houses. 38s; Placer Development. 975; Rawang, 10s lOd.

Sales.—Bank of Australasia, £ll 7s: Commercial Bank of Australia, 225; E., S., and A Bank, £6 16s; Australasian Paper, 35s'; Australian Foundation, 6s 3d; Cox Bros., 8s 7d; Drug Houses, 38s 4d; Dunlop, 395; Electro. Zinc (pref.), 70s; Gordon and Gotch. 90s 9d; Henry Jones, 68s: Hume Pipe. 25s 3d; New Zealand Forest. 5s SI United Propions. 18s 3d; Woolworths, 22s 6d; New Broken Hill, 47s 3d; North Broken Hill, 90s 3d; Mount Isa, 39s 6d; Mount Lyell, 31s; Emperor, 17s 9d. •