COMMERCIAL

Greymouth Evening Star, 12 February 1929, Page 9

COMMERCIAL

SYDNEY WOOL SALES. (Australian Press Assn. —United Service.) (By Cable—Press Assn.—Copyright.) SYDNEY, February 11. At the wool sales to-day 11,163 bales were sold. There was keen competition from the Japanese, German and Yorkshire buyers; The market was very firm at the closing rates of last week. Comebacks and crossbreds maintained good levels. Greasy merinos sold to 271 pence. OIL SHARES SLUMP. SYDNEY, February 11. Blenheim oil shares dropped by 25s to 70s to-day. The market was unable to find buyers. Taranaki oil shares dropped 1/3 5/-. GISBORNE, February 12. The Taranaki Company’s oil report for the week ended February 9 : Gisborne, No .2 well, progress delayed by caving.; pulling back 84411. diameter casing and drilling out cavings in well. STANDARD INSURANCE CO. DUNEDIN, February 12. The directors of the Standard Insurance Coy. have declared a dividend of 1/3 per share for the half year ended December 31. STOCKS AND SHARES. DUNEDIN, February 12. Sales reported: Otago Daily Times £3/14/-, E.S. and A. £B/18/9. WELLINGTON, February 12. Reported sale: National Bank of Australasia, £lO shares, £l9/6/-. AUCKLAND, February 11. Sales: Northern steam 14/3, New Zealand Breweries (deb.) 26/6, Union Bank £l5 8/6. Reported: National Insurance 16/2, Sanfords 18/-, Milne and Choyce (deb) 26/3, Huddart Parker *4B/6, Bank of New Zealand 63/-. Wellington Woollen £7 5/-, War Loan 4?; per cents, 1938, £9B 15/-.

BUTTER AND CHEESE. The New Zfealand Dairy Board has received the following market report from its London office, dated February 8 : — Butter. —New Zealand salted 180/ 182/, unsalted 184/188/,. first whey 176/, second whev 172/. Deliveries New Zealand this week 1900 tons ■ in store 4200 tons. Australian finest salted 180/ 182/, unsalted 182/186/. Market very quiet. Argentine finest unsalted 180/ 182/. Danish 189/ f.0.b., 194/96 spot. Market steady. Dutch unsalted 204/ 208/, Polish salted 176/178/, unsalted 178/180/. Market firm, supplies short. Cheese. —New Zealand white 90/91/, coloured 94/. Deliveries New Zealand this week 47,000 crates; in. store 21,500 crates. Canadian white 108/112/, coloured 106/110/. Market slow. Retail prices unchanged. English finest farmers’ 142/144/. The Port Auckland and Tainui finished discharging butter on February 1. The Hertford commenced the discharge of butter on February 1 and finished on February 6. The discharge of cheese was commenced on February 1 and finished on February 2. Tlie Board has also received advice from its agents in Canada as follows : Butter. —New York 50gcents (2/la), Montreal 41| cents (1/83-4).