OVERSEAS WOOL MARKETS
BUOYANT CONDITIONS (Special Correspondent N.Z.P.A.) LONDON, Nov. 14. Market conditions remain extremely firm in merinos, while crossbreds have hardened in sympathy with a similar movement in Australian crossbreds, says the International Wool Secretariat special news service. Under the influence of strong Russian bidding, some Melbourne crossbreds advanced sharply this week and medium crossbred tops quotations in Bradford have advanced 2d and 3d per lb. but still lag behind wool costs. Some of the largest crossbred topmakers have withdrawn from the Bradford market, having failed to buy wool in the Dominions this week, and being unwilling to offer tops for sale until they have bought wool from which to make them. These firms are unwilling to sell uncovered, as this would involve anticipating the price level on which the New Zealand marketing season will open later this month.
Approximate tops quotations are:—7o's, “A” 128 d per lb and “B” 123 d; 64’s. “A” 119 d to 120 d and “B” 117 d; 60’s, super 106 d and average 103 d; 58's, super Did and average 89d: 56’s, super 78d and average 73d; 50’s, 54d; 48’s, 53d; 46’s, 51d.
LONDON SHEEPSKIN SALES A strong demand, regardless of the condition of pelts, was experienced at the London sheepskin sales, states a report from the Bank of New Zealand, dated London. November 10. Compared with the September sales. New Zealand sorts were generally 10 to 20 per cent, dearerCurrent prices for sound New Zealand pelts, those for damaged pelts being given in parenthesis, are:— Fine crossbred, three-quarter to fullwoolled, 26d to 28d (24d to 26d); medium crossbred, three-quarter to full-v.oolled, 24d to 28d (21d to 23d); halfbred, halfwoolled, 23d to 25d (21d to 23d); fine crossbred half-wool led, 21d to 23d (18d to 20d); medium crossbred, half-woolled. 18d to 20d (15d to 17d); halfbred, quarterwoolled, 18d to 20d (13d to 15d); fine crossbred, quarter-woolled, 15d to 17d (13d to 15d); medium crossbred, quarter-woolled. 15d to 17d (13d to 15d); pelts. lOd to 14d (8d to lOd); hoggets, 28d to 30d (27d to 29d); lambs, 25d to 27d (23d to 25d).
COMPANY REGISTRATIONS
Registration oi the following companies is ..otified in the current issue of the ‘Mercantile Gazette”:— Lincoln Stores and Drapery. Ltd. PriOctober 25; 141 Hereford street. Capital: £3OOO in £1 shares. Subscribers: Lincoln—A. M. Crawford 1500, J. H. J. Griggs 1500. Objects: Storekeepers and incidental.
New Rialto Miltc Bars (Christchurch), Ltd. Private company, October 25; 187 Hereford street, Christchurch. Capital* £3OOO in £1 shares. Subscribers: Christchurch—C. E. Stuart 2900. Dunedin—R M. Stuart 100. . Objects: Milk bar proprietors and incidental.
Bottle Lake Piggeries, Ltd. Private company. October 27: Burwood. Capital £5OO in £1 shares. Subscribers: Christ-church-wS. M. Molloy 250, W. L. Frickleton 250. Objects: Piggeries and incidental HAWKER (F. R.) and Son. Ltd. Private company. October 27: 153 Hereford street. Capital: £l5OO in £1 shares. Subscribers: Christchurch—F. R. Hawker 875. D. A. Hawker 625. Objects: Motor engineers and incidental.
United Construction Com) anv. Ltd. Private company, October 28; Stafford street. Timaru. Capital: £250 in £1 shares. Subscribers: Timaru— M. C. Stillwell. M. J. Daly, W G. Brunton, G. L. Lockhead. R D. Ottley 50 each. Objects: Builders, contractors. and incidental.
Christchurch Produce Company, Ltd. Private company, October 31; 19 Wellington street, Auckland. Capital: £5500 in £1 shares. Subscribers: Auckland—N.Z. Insurance Company. Ltd.. 2750, B. J McKendrick 2750. Objects: Land, buildings, machinery, etc., and incidental.
SHAREMARKET INDICES London.— “Financial Times" (1926 equals 100) Ind. ord. Govt. Gold. January 31 . 122.5 113.89 89.87 February 28 . 118.6 113.92 90.70 March 31 . 114.6 113.74 103.89 April 29 . 115.4 113.97 103.35 May 31 . 109.6 113.06 99.86 June 30 . 101.6 109.58 103.21 July 29 . 101.7 107.8 110.13 Aug. 31 . 104.4 1008 110.66 Sept 30 . 105.1 107.13 135.15 October 31 . 101.1 103.35 136.36 Nov. 8 . 100.6 102.16 136.42 Nov. 9 . 100.0 101.48 136 17 Nov. 10 . 99.8 101.60 135.18 Nov. 12 . 100.2 103.51 135.18 New Yorfc.100):— -Dow Jones (1926 Rails Indus. equals Gold. January 31 52.57 179.12 610.000 February 28 47.71 173.06 740.000 March 31 49.02 177.10 980.000 April 30 47.27 174.16 310,000 May 31 44.49 168.36 1.240.000 June 30 42.57 167.42 580,000 July 29 44.47 175.92 640.000 Aug. 31 45 09 178.66 720.000 Sept 30 47.87 182.51 ..100.000 October 31 47.86 189.54 1.140.000 Nov. 7. 49.24 190.89 1.170,000 Nov. 9 48.65 190.60 1,510,000 Nov. 10 48.30 190.43 1,170,000 Nov. 12 48.23 190.46 470,000
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Press, Volume LXXXV, Issue 25961, 15 November 1949, Page 6
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726OVERSEAS WOOL MARKETS Press, Volume LXXXV, Issue 25961, 15 November 1949, Page 6
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