THE WOOL MARKET

Evening Star, Issue 21632, 30 January 1934, Page 7

THE WOOL MARKET

LONDON SALES DEMAND SLACKENS OFF Press Asi x;iatu n—l»y Telegraph—Copyright

LONDON, January 29. (Received January 30, at 11.25 a.in.) . At the wool sales 11,023 bales wore offered, including 3,615 from New Zealand. About 8,950 bales were sold. The demand was rather * quieter, and withdrawals were more numerous. Fair proportions of the offerings were sold to Home and Continental buyers, generally at steady rates. New Zealand scoured merinos “ Shelton Downs, 35id: greasy cross-bred “ Ara ” top, 19d: average, 16d. Bradford is quiet, users buying cautiously. AUSTRALIAN WOOL SALES MELBOURNE AND BRISBANE Press Association—By Telegraph—Copyright. MELBOURNE, January 30. (Received January 30, at 11 a.in.) At the wool sales 10,000 bales were offered and good clearances were made. There was very strong demand from Japan. Compared with the closing December rates, values were :--Super. merino, par; good merino, 5 to 10 per cent, higher; average top-making, 10 per cent, up; skirtings, 10 to 15 per cent, higher; comeback and fine to medium cross-bred, 10 per cent, higher; coarse cross-breds, little change. At the Brisbane wool sales 13,900 bales were offered. Values, compared with late Sydney rates, were firm. The highest price for' greasy was 27fd and for scoured 401 d. ENGLISH PAINT FIRM A HIGHER DIVIDEND A further recovery in net profits, from £57,322 for 1931-32 to £74,405 for the year ended July 31 last, is reported by Lewis Berger and Sons. England, manufacturers of paints, colours, varnishes, etc., with a subsidiary in New Zealand. The dividend for the year on the ordinary shares is»to be increased from 5 per cent to per cent., while £25,000 (against nil) is to be placed to general reserve, this involving a reduction of the balance carried forward from £71,477 to £53,337. The year’s profits exceed the preference and proposed ordinary dividends by £6,859. _ The increase of £17,082 in profits is due to the larger amount of dividends included from subsidiaries, all of which have operated at a profit during the year. The interest in subsidiaries is shown in the balance-sheet at £696,394, against which there is shown to be £40,670 due to those companies. SILVpRTON TRAMWAY DIVIDEND The Wellington Stock Exchange Association has received advice from Melbourne' that the Silverton Tramway Company Ltd. has declared a dividend of 6d per share, payable on February 23.