COMMERCIAL

Greymouth Evening Star, 1 May 1925, Page 7

COMMERCIAL

WOOL VALUES LOWER, (Australian and N.Z. Cable Association.) MELBOURNE, April 30. Owing to.a serious slump in .values, it is stated the May wool sales throughout Australia will probably be cancelled. CHEAPER FLOUR. Sydney, May 1. The wholesale price of flour lias been reduced by 5/. to £1.4/17/6, GRAIN AND PRODUCE. SYDNEY, April 30. \ Tasmanian Oats (Algerian) 3/4 to 3/6, (white) 4/6; maize 3/10; potatoes (Tasmanian) £7 to £9; onions (Victorion) £l6, (New Zealand) £l5. MELBOURNE, May 1. Oats —Milling 2/9 to 2/10, feed 2/6 to 2/8. Barley—English 5/6 to 5-9, Capo 4/ to 4/6. Potatoes £6 to £7 5/. Onions £l2 to £14.. HIDES SALES. — MELBOURNE, May 1. Hides are irregular. Lights and heavy kips declined an eighth to a farthing. Others were firm.' TALLOW SALES. LONDON, April 29. At the tallow sales 850 casks were offered and 642 were sold. Mutton fetched 45/3 to 42/6, and beef 44/3 to 42/3.

NEW AUSTRALIAN INDUSTRY. LONDON. April 29. The “Financial Times” publishes the details of an' agreement between the North British Rubber Company of Edinburgh, and the Dunlop Rubber ' Conipany of Australia, for formation of an Australian Conipany for the purpose of manufacturing rubber footwear in the Commonwealth. The paper mentions that the Company is being registered in a few days with a capital of half a million, Factories will be erected on the outskirts of Melbourne, and it is hoped that manufacturing operations will be started by the end of the year. The paper, commenting editorially, says : “This is a highly interesting development. It is the necessary outcome of the Commonwealth’s high tariff policy- and it should benefit the two undertakings concerned, both of which are to be congratulated on their characteristic enterprise.” SALE OF LIVE STOCK. McMahon and Lee will sell at Inan. gahua Junction saleyards on Monday, May 4, fat sheep, store lambs, ewes nnd wethers.