THE WOOL MARKET

Evening Star, Issue 21656, 27 February 1934, Page 7

THE WOOL MARKET

SYDNEY SALES Press Association —By Telegraph—Copyright. SYDNEY, February 26. At the wool sales 14,225 bales were offered and 12,696 were sold, while 1,563 were disposed of privately. The market was firm at last week’s closing rates for all descriptions. The Continent and Japan were the chief competitors’today, with some bidding from Bradford. Greasy merino sold to 354 d. ENGLISH DEVELOPMENT COMPANY Press Association—By Telegraph—Copyrighl LONDON, February 24. North Kalgoorlie United Gold Development Ltd. is being formed with a capital of' £300,000. The present issue of 480,000 5s shares, of which Australia is taking up 120,000, and New Zealand 20,000 shares, will carry an option to take up more at par up to June 29, 1935. The company will develop ninetythree acres 'adjoining the North Kalgoorlie mine. PRICE DF GOLD Press Association —By Telegraph—Copyright, LONDON, February 20. (Received February 27, at 10 a.in.) Fine gold is quoted at £6 16s 5d pier OZ. DAIRY FACTORY MANAGERS A conference of butter, and cheese factory managers was held at the Grade Stores on Friday last. A general discussion on manufacturing problems took place. Mr S. Bowman presided. Mr \V. M. Singleton (Dairy Commissioner) was present, also Mr Clayton, Mr Cunningham, and _Mr Beatson, officers of the dairy divisions In welcoming Mr Singleton! Air Bowman said that it was the first conference held during the working season that the chief had attended, and the managers were looking forward to something special; In rising to speak, Mr Singleton said that it gave him very much pleasure to be present and to have the opportunity of meeting managers, and to discuss with them problems that affected the industry. After a lengthy address, which, included the explanation of the new regulations re registration of factory managers, Mr Singleton expressed his willingness to answer, to the best of his ability, any question managers wished to put forward, of which full advantage was taken. A hearty vote of thanks was accorded Mr Singleton for his interesting address.