LONDON WOOL SALES

Evening Post, Issue 19, 23 January 1932, Page 14

LONDON WOOL SALES

: Messrs, .;Sluriay,\Rbberts, and Co Ltd rVnH ?*' Mfnno-^ol suitable for the 1 -otll^ descriptions of wool, market shows no change " • ' T+^ eSSrSj ht ' Stephenson/ and Co.^ ijtd., Abraham and Williams, Ltd report having received to-day cable adjica from their London, house reading as follows:— Wool sales, continued. Average l^v^ °f hl$ evß' Market- wntinuls tSI ?n"^^ ICeK Vs\ maintained. Continental and Bradford buyers chief operators :SeSo^ g oo^ rS °Per?tinS SparinSlyBRADFORD TOPS MARKET. T Messrs^..Weight,, "itephenson, and Co., Jjtd.^and Abraham and Williama, Ltd report .having received cable advice from tfteir- ;£radlord agent regarding the tops market, reading.as.follows:—"Merinos %d up; '.finei .crossbreds'-.firm, . medium and coarse crossbreds %d up. A fair amount of inquiry, but only a little business pass--sDi?' ... 5f of tops are weU covered." NEW'ttJUINEA^IOLDMiNING u^ Un% attorney for New ZealMU*J^)iiPln<*a:. Development, Ltd., Sydney.fM,advised as,follows (Sydney, Bth >^«5^^32) .to the 7 field of.th»whole of the material and machinery / i*f e#rst-dredge > and power plant and of aJt-eq.uipment necessary for. the commencement of; dredging was completed on ,4th jffenuaryi ; l.y which. date 70 tons of *°e'--v»ate«al foe.the second di-edge had alsoj'_beEi»;; : ; : transported. Good progress with,tte .completion of ot .the No. 1 dredge, and instaflßtioav of. the "hydro-electric power scftem«. ; ;i The-aeroplanes have since last repptjs> I mintain : ed. their weekly averages ?f i %%&** *h- e na Se freighted'.—Bnlolo Gold ;Dredgnjg, Lid.- J. Colclough, Sydnejv; secretary/; Also, on the same date, to the effect that "an option oh satisfactory terms has been taken over a large area_known as the Widubosh, adjoining ?S at Pr°Perty telow the junction . of, the ,Watut and Bulolo • Rivers. Prospecting of this new area will commence at an early date.-Placer Development, -Ltd.,. J, Colclough, Sydney, secretary." ; t . JOSEPH NATHAN AND CO. •!> Preliminary information indicates that |he accounts of Joseph Nathan and Company, Limited, proprietors o£ "Glaxo" $f A}%* net profit ' subiecf*o audit, gf £52,137, as compared rath. £68,066 last year In -new of the abnormal trading Conditions, with exchange restric&fJt A^l regMd the results as iatisfactory. _At the annual meeting to •be held in. March, directors will recommend paymeht of the regular dividend of 3 per cent, on preferred ordinary share* § SOUTH AFRICA AND GOLD. •'■• Lord Brabourne, at the recent general faceting of Consolidated Goldfields, Ltd London, stated.that if South Africa folJows. .sterling off the gold standard the .devaluation . Will. mean a working cost deduction of 2s per ton. This will enable vast quantities of low. grade ore to be wotted, '.so prolong the .life of the pandgoia mdustry- by many yeafs.