COMMERCIAL

Evening Star, Issue 19004, 28 July 1925, Page 5

COMMERCIAL

Frees Association — By Telegraph—Copyright. Australian and N.Z. Press Association. SYDNEY WOOL SALKS. SYDNEY, July 27. (Received July 28, ut 1.30 a.m.) In tDo wool sales tlio innr-lcot lor tDo best fine merinos ami comebacks occasionally .showed a hardening tendency on last week's rales. Other descriptions wore unaltered. Creasy merino sold up to .32(1. DAIRY PRODUCE, f Pmi I’mtkd Phi:ss Association.] WKIJJNGTON. July 27. The New Zealand Producers’ Cnoporative Marketing; Association has received the following cablegram from London Butler: The market is .steady. New Zealand, DMs to ]9(>s; unsalted, 196 sto 2lH,)s; Australian, l*Bs to 1925; Canadian, ]R6s to ]i)2s; Argentine, ISOs to 188 s; Danish, 108 s to 200 s; Dutch, 108 s; Latvian, 182 sto 18fs; Siberian, 172 sto ]BUs. Cheese: 3'be market is rpiict. New Zealand white, 109 s to 110 s; colored, I.oßs to 110 s; Canadian, 108 s to 110 s. ’■’Flic present forward buying is duo to the prolonged dry weather causing a curtailment of the current and future make. Also the hot weather and the demand for milk have increased the consumption ol cheese. Cheese purchased so far is largely at the risk ol importers. The wholesale trade has not operated to any extent. The present buying tends to support the market right through the coming season.”

NEW ZEALAND INSURANCE CO. [Rru U.\m;n Phkss Association.] AUCKLAND. July 27. The ha lance-sheet of the New Zealand Insurance Company, Ltd., ior the vear ended May 3! last shows that the surplus on (ho year's transact ions amounts to 2211.87), and the reserve fund has been increased by £12o,(l00. The directors recommended the payment of a dividend at the rate ol Rid per share, absorbing U 12.500, making ]s 7d per share lor the year, leaving a net balance of £l2 I,o*o to he carried forward. )t will aDo he proposed at lim ordinary general meeting ol shareholders that a call of 2s per share ho made and a dividend of a similar amount he 'declared, to he applied in payment of such call. LONDON WOOL SALKS. Messrs Dalgety and Co., Ltd,, report having received the following cable from their head office, London, dated July 23;—“ Wool sales closed animated; good competition, except lor inferior and faulty wools, which were irregular. Continental buyers are the principal operators. As compared with last sale's closing rates, greasy merino wools unchanged to IUI lower: good merino scoured. Id to 2d higher; scoured merinos of other descriptions. unchanged to ltd lower; greasy halfbred wools. Id 'to ltd lower; greasy ■(ine and medium cross-breds, .’pi to Id lower; greasy coarse cross-bred, par to Id lower; half-bred and fine erosslirciU. scoured. Id to 2d higher; best scoured medium, ern-s-breds, Id to ltd higher; scoured cross-hrcds _ of other descriptions unchanged; slipe wools, unchanged to ltd lower; cross-bred lambs, unchanged. 1-12..300 halos offered : sold 72.000 hales to Continent, ■l] .000 hales to home trade, 2,000 hales to America; 81.1101) hales carried forward; (io,ooo bales have not been offered.”