COMMERCIAL.

Evening Star, Issue 16778, 5 July 1918, Page 1

COMMERCIAL.

SIT’D ST! FEE SALES. SYDNEY, July ,3. A world's r word was reached at tfi ' Him! '■keep sales, when Mr Maurice Colons. of South Australia, paid 3.FOOt's Hr a in ■nno stud ram. Prince CliarVx w li:r)i fetched 2.000gs a few yearn hack, Mr (all,ns also purchased stud ewes io Heextent of 2,555c-c A Dcniliquni merino :aiui fetched Alters. Leicester stud ewes wold on behalf of Mr John Nixon, of (Nuileriinry. nver'iged 7gs. stud rams averaged 7gs. and Romney Marsh ewes averaged £5 17s 3d ; on ,recount of Mr Donald Grant, oi Tirnaru. Romney Alarsh ewes averaged £6 At Bonier Lei.'ester ewes sold on account ex Mr D W. Sutherland. of Wahnate. averaged £l2 15s, and on account of Ah- J. Dowtliwaite stud ewes averaged £l4 11s Bd. At the stud simep sales lug prices were paid for merino sHls, A ('amovie r■ m realised 60 r >gs. Hadden pigs sold at 550 and 430 guineas. According to the official returns, the total amount of gold held by Japan on Mav 15 was £113.709.000. taking the v.'n at 2s, which is about 7 per cent, below its present exchange value. Of this sum £45,700,000 was in Japan itself, and the balance of £68.000,000 was deposited abroad. This is the highest level that the Japanese gold holdings have ever reached, and indicates the immense, increase in the prosperity of the country through war causes. The Government arc utilising some, of this wealth in redeeming their indebtedness to Great Rrta’n incurred during the war between Japan and Russia. When a debtor can purchase for cancellation his 41 per cents, in these strenuous times he mity be regarded as being in comparatively affluent ctennustances.