COMMERCIAL

Greymouth Evening Star, 14 September 1934, Page 8

COMMERCIAL

SYDNEY WOOL SALES. [BY CABLE—PBEBB ASSET.—COPYBIGHT.] SYDNEY, September 13. At to-day’s wool sales, 8,387 bales were offered, and 6,570 werei sold, also 1,013 bales privately. There was good general competition, and the market closed firm at the previous day s level of prices. The position regarding shabby fleece and burry fleece lines has not improved. These are still selling somewhat irregularly. Greasy merinos sold to 15id for bal s from Scone. • . The average price of wool for the first three days of the week was ±,l Ils 4d per bale, or 9.4 d per lb» GOLD AND EXCHANGE. LONDON, September 13. Gold 140/61, dollar 500 13-16, franc 75. CANTERBURY FARMERS’ CO-OP. • CHRISTCHURCH, September 13. The report and statement of accounts of the New Zealand Farmeis Co-operative Association of Canterbury, Ltd., for the year ended July 31, 1934, has been issued. The accounts show a marked improvement on those of last year, a net loss of £95,218 last year being converted into a net profit of £27,574 in 1934. The gross profit for the year was £154,777, and the net profit £27,574, after providing for a very considerable amount of interest, which < had been suspended and not taken into profit; and also a sum of £2500 for extra depreciation against plant, machinery and fixtures. It is proposed to allocate the whole of the year’s net profit against accumulated deficiencies shown in the balance sheet. Provided the conditions continue, states the report, the net earnings of the association are likely to be more satisfactory in future, and therefore it has been decided by the Directors to place certain financial proposals before the shareholders at extraordinary meetings to be held during the year, which, if carried, should have the effect of enabling the Association to pay dividends at the end of the present financial year, and' in future.

ADDINGTON SALES Sales at the Addington Market on Wednesday, on behalf of West Coast clients included: —Fat sheep, Mrs. Page (SeavieW) 16 wethers at 25/10, 24 ewes at 23/1 to 26/4. STOCKS AND SHARES. AUCKLAND, September 14. Sales: Sanford 2/3; Nokomai 4/-; Taupo Timber Talisman 12/4; Comm. Bank 17/8; Farmers’ Fertiliser 20/-; National Insurance 20/3; Gear Meat 27/-; Woolworth’s Sydney 2nd. pref. 27/3; Beath and Co. 31/10; Waihi 32/9; British Tobacco 38/9; Bank of New Zealand 48/1; Bycrofts 53/6; Broken Hill 50/-; Bank of N.S. Wales £32; Gisborne Sheepfarmers £lOO. CHRISTCHURCH, September 14. Sales: Comm. Bank Aust. 17/8 (3); Reserve Bank £6/9/- (4); N.Z. Guarantee Corp. 5/-; N.Z. Refrig. >(£l paid) 19/6 (3); New Zealand Breweries 47/6; Brian Boru 1/4J (5); Maerewhenua sid (4); Mahakipawa IOJd (2); Nevis Diesel Electric 53d; Comm. Bank Aust. 17/6; Reserve Bank £6/9/3 (3); £350; N.Z. Govt. 4 per cent Bonds, 1940, £lOB/2/6. WELLINGTON, Septembei’ 14.

Sales: Bank of -New Zealand 48/-, National Bank of New Zealand 75/3, electro Zinc pref 35/4, King Solomon 4/3, Mt. Lyell 20/3, Nokomai 4/1, Four per cent, stock 1940 £lOB.

LAWSON’S FLAT RETURN. The secretary of the Lawson’s Flat Gold Sluicing Company, Ltd., reports that the wash-up for the two weeks ended September 10 resulted in 340 z. 17dwt. of retorted gold. COMPANY WOUND UP. DUNEDIN, September 14. In the Supreme Court, this morning, an order was, made winding up the firm of Oswald M. Smith and Coy. The debts owing to unsecured creditors are approximately £15,000.