AUSTRALIAN WOOL CLIP

Dominion, Volume 29, Issue 254, 23 July 1936, Page 12

AUSTRALIAN WOOL CLIP

A Small Carry-over Returns issued by the National Council of Wool Selling Brokers of Australia show that sales of wool in the P«“ e p al spllini? centres of the Commonwealth ourin” the jear CS en<led June 30 last totalled 2.791,931 bales, which realised £49,100,537 in Australian currency. Compared with the preceding 12 months, the quam titv sold shows a decrease of 200,330 bales and the amount realised an increas'e of £11.173,128. The greaay and scoured wool sold averaged £l7/11/9 per bale, or 14.22 d. per lb., the average for the preceding year being £l2/10/p per bale, or lO.Old. per lb. The fisu re ® below show the number of bales sold and the averages obtained during eight seasons : —

The amount realised for the wool sold in the principal selling centres of the Commonwealth during the past six years has been as follows: — 1930- 28,203,633 1931- 29,363,156 1932- 34,410,327 1933- 51,098,717 1934- 37,927,409 1935- 49,100,537 The carry-over stocks on band in the stores of the principal Australian selling centres at June 30 totalled 76.053 bales, 14,664 bales less than a year before.

N.Z. Mining Investments

New Zealand Alining Investments Ltd. showed a net profit of £1892/6/3 for the 18 months ended April 30, 1936. In the report for that period the directors state that a number of areas had been prospected, the results from one of them, at Paroa, near Greymouth, warranting the flotation of a company. The directors were successful in disposing of the option held jointly with other vendors at Lowburn, in Central Otago. The working account for the period shows a surplus of £2510/12/11. The credit balance remaining in the profit and loss appropriation account amounts to £ll6B/17/-, out of which the directors recommend payment of a dividend of 10 per cent. The balance-sheet shows subscribed capital of £7291/10/-, reserve for taxation £450, and sundry creditors £202. The assets include cash at bank £1843 6/-; Austral Malay Tin Ltd. £1939/7/-, mining rights and cost of prospecting claims on hand £1443/14/-, shares in mining companies (at cost, less profit OU shares sold) £1383, Ben Ledi Sluicing Company £579, sundry debtors £2Bl/8/-, and plant (less depreciation) £631; total assets, excluding preliminary expenses, £8129/16/-. TRADE WITH JAPAN Yamashita Line Service It has been reported to the Wellington acents of the Yamashita Steam Ship Co. Ltd (Y.K.K.) Line, that there Is a likelihood of the discontinuance of the direct shipping service between Japanese ports and New Zealand main ports. In response to a cable sent by the Wellington agents, Wright, Stephenson and Co.. Ltd., the Kobe office of the Yamashita Steam I Sliln Co. Ltd have cabled that so far as the Y.k.K. Line is concerned they have no intention whatever to discontinue their service, and that a regular monthly direct Larvice will be maintained between the tWO COUWtTjfIS.

Average per Average lb. Bales. pe bale. (1. 1928-29 .. 2,625.061 £21 12 .2 16.7 1929-30 .. 2,471,596 £13 6 10.4 1930-31 .. 2,521,361 £11 3 9 8.7 1931-32 .. 2,682,113 £10 18 11 8.6 1932-33 .. 3.000.075 £11 9 8.9 1933-34 .. 2.523,676 £20 4 1'1 16.2 1934-35 .. 2,992,267 £12 13 6 10.01 1935-36 .. 2,791,931 £17 11 9 14.22