THE WOOL MARKET

Dominion, Volume 28, Issue 95, 16 January 1935, Page 12

THE WOOL MARKET

Sydney Sales Firm STRONG COMEPTITION By Telegraph—Press Assn.—Copyright. (Received January 15. 10.45 p.m.) Sydney, January 15. At the Sydney wool sales to-day 11,896 bales were offered, of which 10,642 were sold at auction; also 198 S privately. There was strong and general competition, particularly from Yorkshire and Japan, with increased support from Germany. The market displayed buoyancy on late levels. Greasy merino made 163 d. Bradford Tops Firm By Telegraph. Press Assn. —Copyright. London, January 14. Bradford tops, very firm; business at a standstill pending London sales opening. London Sales The London January-February series of wool sales were to have commenced yesterday. Wool available for the series amounts to 196,600 bales, including new arrivals of 60,000 bales of Australian and 16,500 bales of New Zealand wool. It ■was expected that 162,000 bales would be catalogued. First Wanganui Sale Dominion Special Service. Wanganui, January 15. A large number of .wool buyers are at present in Wanganui valuing the offering for the first Wanganui wool sale this season, whic hopens in the Opera House to-morrow morning at 9 o’clock. The buyers arrived on Sunday afternoon. This week’s offering totals 26,879 bales, just over 1000 bales short of the 28,000 bales allocated by the Woolbrokers’ Association. Bales. New Zealand Farmer's’ Co-op. Distributing Co.. Ltd 3517 Freeman R. Jackson and Co. .. 3586 Farmers’ Co-op. Organisation Society 30J)0 New Zealand: Loan and Mercantile Agency 4211 Dalgety and Co 1918 Wright, Stephenson 'and Co., and Newton King 6079 Levin, and Co 2225 Murray, 'Roberts, and Johnston and. Co. 53 Total, bales 26,879 Next Wellington Sale Catalogues for the next Wellington wool sale, to be held on February 13, are now closed, the wool in store being more than sufficient to fill the New Zealand Wool Committee's allocation of 28,000 bales. In the event of withdrawals space will be filled with late arrivals in store. DEALINGS ON ’CHANGE Yesterday’s Sales The following sales were recorded yesterday on the stock exchanges mentioned:— 1 WELLINGTON. £ s. d.

Woolwortbs (West. Aust.) (2) 6 0 0 CHRISTCHURCH. £ s. (1. National Insurance 1 1 10

SYDNEY STOCK. EXCHANGE Active and Buoyant By Telegraph.—Press Assn.—Copyright. ■ (Deceived January 15, 10.45 p.m.) Sydney. January 15. The Sydney Stock Exchange to-day was most active and buoyant. Salesj Bank of New South Wales, £32 2/6; Union Bank, £9/2/-; Colonial Sugar, £42/12/6; Australian General Insurance, 15/9; Associated News, 24/3; ditto, pref., 24/6; Howard Smith, 16/-; Australian Gas, A, £B/2/6; ditto, B, £8 3/6; British Tobacco. 40/-; Tooths, 51/3; Tooheys, 30/-; Dhnlop Berdriau, 20/-; Goldsbrough Mort. 30/-; Wilcox Mofflin, 10/3 ; Electrolytic Zinc. 22/7 J; Henry Jones, 36/9; Anthony Hordern, 19/6; Standard Cement, 20/1J; Amalgamated Textiles, 10/11 ; Commonwealth Wdol, 19/-; General Industries, pref., 24/lOi. Mount Morgan. 37/4J ; Broken Hill Proprietor, 55/-; Ilawang Tin, 7/9. - Commonwealth bonds. 4 per cent., 1935. £104; 1941. £lO5/15/; 1944, £108; 1947, £lO9/17/6; 1953, £lO9/17/6; 1957, £llO/12/6; 1961, £lll. Morning sales included- Commonwealth bonds, 4 per cent.. 1941, £lO5 12/6; 1953, £lO9/15/-: 1955, £169/17/6; Australian Gas, A, £B/3/-; Anthony Hordern, 19/4J ; Associated News, 24/3; ditto, pref., 24/6; Broken Hill Proprietary. 55/-; Colonial Sugar. £42/12/6 ; Wilcox Mofflin, 10/8. Melbourne, January 15. Sales on the Melbourne Stock Exchange to-day included: Commercial Bank of Australia. 16/9; ditto, pref., £lO/3/-; Australian Iron and Steel, pref., 23/7; North Broken Hill, £5.

Bank of Australasia 11 10 G National Bank of N.Z 3 11 3 Bank of New South Wales ■31 10 0 Bank of New Zealand *2 .0 3 N.Z. Refrig., £1 paid, cum div. 1 1 3 British Tobacco 2 0 Big River 0 2 6 Unlisted Maori Gullv •0 1 6 *Late sale Monday.

AUCKLAND. £ s. d. Inscribed Stock, 4 p.c., 1949 .... 100 5 0 Waitemata County, 6 p.c., 1993 Eng., Scot, and Aust. Bank ... Bank o£ New South Wales 109 0 0 5 1 fl 31 10 0 Bank of New Zealand 2 9 3 Ditto 2 9 (5 A.P.A. Assurance 9 10 10 N.Z. Insurance 3 9 3 Renown Collieries, pref. 0 2 1 Auckland Gas 1 fl 9 Colonial Sugar (2) 42 5 0 Mataki 0 1 9 Waihi 1 19 6 Ditto 1 19 9 . Unlisted

Ditto 1 1 11 Ditto 1 2 0 N.Z, Refrig., £1 paid, cum div. 1 1 0 Christchurch Gas 1 15 5 Alexander Mines. 15/- paid 0 17 2 Big River 0 2 3 Brian Born 0 0 !» Worksop Extended (2) 0 2 10 Sales reported:— Comm. Bank of Aust., cum div. 0 10 5 A.I’.A.. cum div 0 10 10 National Insurance 1 111 N.Z. Refrig., £1 paid, cum div. 1 .1 3 Big River 0 2 3 Mahakipawa* (2) 0 0 8J Skippers (2) 0 0 8 Unlisted:— Argo Gold, lOld. paid 0 1 1 Woolworths (Syd.), ord. (2) ... 1 4 0 Ditto 4 4 3 DUNEDIN. £ s. d. Sales reported: National Insurance *12 0 N.Z. Refrig.. 10/- paid •0 10 4 Dominion Fertiliser 1 1 0 Westport Coal 1 2 0 N.Z. Breweries 2 12 6 Skippers »0 (I s *Lato sale Monday.