COMMERCIAL

Evening Star, Issue 22030, 16 May 1935, Page 12

COMMERCIAL

LONDON WOOL SALES LATE RATES MAINTAINED Press Association —Uy Telegraph—Copyright LONDON. May 15. (Received May 16, at 12.25 p.m.) At the wool sales 9,098 bales were offered, including 6,498 from New Zealand. A total of 7.722 bales of Australian and New Zealand was sold, New Zealand cross-breds forming the bulk ol the offerings, which sold well to home and Continental buyers. Late rates were fully maintained for all varieties. New Zealand greasy cross-bred. “Kobekohe,” top, IQld, average, 8d; half-bred lamb, shpe, CIM-Bel-fast,” 14-2 d and 13 5-Bd. The Bank of New Zealand has received the following advice from its London office, under date 15th inst.': ; — “ Sales continue with, a very strong market. Compared with the opening prices, ' cross-breds are id . to id Messrs Murray, Roberts, and Co. Ltd. have received. the following wool market' cablegram from their London agents, Messrs Sanderson, Murray, ajid Rider Ltd., dated 14th inst. Sales continue ..with a good tone, French buyers- operating very freely; greasy merino, wool suitable for the Continent, advanced 5 per cent.; greasy merino, other descriptions, market shows a hardening tendency; scoured merino, market irregular; oross-bred greasy, market shows a hardening tendency; cross-bred scoured, advanced 5 per cent. BRISBANE WOOL SALES.

Pre-H Association— By Telegraph—Copyright ' BRISBANE, May 16. ■ (Received May 16, at 11.35 a.m.) : At the wool sales the market was again buoyant. Values remained firm. Top prices' were: Greasy, 16|d; scoured, 26Jd. . LEAD MARKET. Press Association—By Telegraph-Copyright LONDON, May 15. , (Received May 16, at noon.) The price of gold is quoted at £7 2s 9d per oz. PRICE OF GOLD. Press Association —By Telegraph—Copyright LONDON, May 15. May 16, at 11 a.m.) Pig lead; Imports, 29,844 tons (Australian, 15,259); exports, 265. SYDNEY STOCK EXCHANGE. Press Association—By Telegraph—Copyright SYDNEY, May 16. (Received May‘ 16, at 1.35 ip.m.) This morning’s sales; —Bonds—4 per cent., 1938, £lO3 17s 6d: 1941, £lO3 3s 9d; 1957, £lO6 7s 6d; Toohey’s, 29s lid; Anthony Hordern, 19s lid: Associated News (pref.), 24s 4id: British Tobacco, 39s 7id ; Broken Sill Proprietary, 55s 9d; Dunlop’s, 17s; James Stedman, 16s 9d; Pitt, Son, and Badgery, 40s; Wilcox, Mofflin, 10s Bd. SALES ON ’CHANGE: THIS DAY. Christchurch.—Commercial Bank of Australia, 15s 7d (6); Dalgety and Co, (cum div,), £8 ss; Electrolytic Zinc (pref.), 35s (2) ; Kauri Timber, 19s 10d; ‘ Sun ’ Newspapers, 6s; Golden Sands, 2s 5Jd; Maerewhenua, 13cl (2) ; Mossy Creek, 2s 6d; Mount Lyell, 20s. Reported: Waihi (cum div., late sale on the loth), 42s 4d; Mount Morgan, 38s 4d; Mount Lyell, 20s; Henry Jones Co-operative (cum div., late sale on the 15th), 35s 9d; New __ Zealand Breweries (late sale on the loth), 555. Auckland. —Grand Junction, 4s 8d: Farmers’ Trading, 7s lid; National Timber, 14s; Australian Steel, 235; Mount Morgan, 38s 4d; Huddart, Parker, 38s; Broken Hill, 55s 9d: Woolworth (Sydney), 88s 6d; B.S. and A. Bank, £5 16s; Union Bank, £8 13s 6d; £8 13s 9d, £8 14s; Bank of Australasia, £11; Bank of New South Wales, £3l.