COMMERCIAL

Greymouth Evening Star, 12 October 1928, Page 8

COMMERCIAL

SYDNEY WOOL SALES.

Australian Press Assn.—United Service. (By Gable—Press Assn.—Copyright.)

SYDNEY, October 11.

The market was firm for all good descriptions at late rates at to-day’s wool sales, but faulty, dusty and irregular wools were difficult to quit. The competition was strong, all sections operating freely. Comebacks and crossbreds were also in demand. Greasy merino fleece sold to twenty five and a-half pence. The day’s sales totalled 12,514 bales.

JERSEY SALE

(Per Press Ass jciation.)

PALMERSTON N., October 12. The sixth annual Manawatu Jersey bull and heifer sale was held yesterday. Prices generally were not as high as last year. Requirements were apparently filled early in the sale, and when a very fine selection was offered later, prices fell away. Ninety-three head were sold, realising over £2200. Mr R. L. Harris’s yearling heifer “Ku Ku Bonny,” seventy guineas, was the highest price realised over the sale. The same owner’s yearling heifer “Ku Ku Viola” was the next best, sixty guineas. A bid of 145 guineas was received for the same owner’s yearling heifer “Ku Ku Ripple,” but the reserve 7 was 200 guineas. ADDINGTON STOCK SALE. At Wednesday’s weekly stock sale at Addington, West Coast, cattle were disposed of at satisfactory prices. A line of 20 heifers brought £ll 2/6 to £l6 17/6, and another of 29 steers, £l6 7/6 to £lB 2/6. STOCKS AND SHARES.

WELLINGTON, October 12. Reported sales: P. and O. deferred stock £247; Newton King, pref. 7/6. Sale : Bank of New Zealand 61/. Reported : Haywards’ Pictures 20/9, Wilson’s Cement 39/3, Electrolytic Zinc, (ord.) 32/6. COCOA AND CHOCOLATE. An article in the August number of the “Confectionery Journal” dealing with the growth of the cocoa and chocolate trade states that such consumption increased 79 per cent, between 1911 and 1926, as against an increase intobacco of 44 per cent. The increase in the usage of cocoa and chocolate in the United Kingdom in 1896 over the average of 1911 to 1913 is given below and is compared with the increase or decrease over the same period in certain other instances. The 1926 consumption compared with the average of 1911 to 1913: Cocoa and chocolate 79 per cent, increase; tobacco, 44 per cent, increase; tea, 36 per cent, increase; coffee 26 per cent, increase; sugar i per cent, increase; beer, 39 per cent, decrease. This growth of the cocoa and chocolate trade, it is pointed out, has been made during the past fifteen years in the face of the difficulties of the Great War. and of the post-war slump in the national and international trade.