COMMERCIAL

Greymouth Evening Star, 21 February 1939, Page 8

COMMERCIAL

NAPIER WOOL SALE. OFFICIAL RANGE OF PRICES. [per press association.] HASTINGS. February 21. Tbe market was again firm a.i lhe third wool sale of the season, held at Napier to-day. Tliet ottering o 27.51)() bales came before a full ami representative bench of buyers, am. there 'was keen competition, with Bradford and the Continent operating freely. Most of the wool was only of average type, many lines being discoloured. and showing' signs ol the adverse weather at shearing time, The coarser classes of wool attracted most, attention, and to this type of wool went the highest price of the day, 14Ad. This was for a. line, oi coarse 44’s. The best price that could be obtained for Lincoln wool was 13d. A number of lines of super crossbreds reached to 12d and 12Jd, and fine crossbreds ranged from 10:7d to Hid, and. medium from 91 to 103 d. Some lines of lambs’ wool were offered, and made from fid to 12?.d, with an average price of fijd. Hogget wool realised from HJd to 11 Ml. There was a steady demand for necks and pieces, and prices ranged from fid to 10£d. and from 7id to fijd respectively. Throughout the day bidding 'was animated and the sale remained firm right up to the last. Little variation was recorded between yesterday’s prices and those ruling at the January sale. The- official range of prices was:—February January.

SALES AT SYDNEY. SYDNEY, February 20. At (ho wool sales, 10,026 bales were offered and 910.3 sold al auction as well as 72:1 privately. There was good competition from the Continent and Yorkshire, and moderate support from Japan. Prices were well up to last week for all descriptions.

Greasy merino made to 25Jd. The average price of wool last week was £l3/13/5 a bale, or 11.3 d. per lb.

NESTLE’S MILK.

SYDNEY, February 20

The Nestle and Anglo-Swiss Condensed Milk Company, Ltd., contemplates extending its operations to New Zealand because of the import regulations.

It. is considering establishing a milk factory at Invercargill and a chocolate factory at Auckland.

STOCKS AND SHARES

AUCKLAND. February 21

Sales, morning; call: Broken Hill Fly. Con. 45/-, Colonial Sugar £4B 17/6, Woolworths (Sydney) 23/4, Taranaki Oil 9/6, Gold Mines (Australia) I/-. Mt. Morgan 11/4. AUCKLAND, February 21.

Sales. noon call: Commercial Bank 15/11, National Bank 44/-, Goldsbrough Mort 28/-, Dominion Breweries 31/-, Farmers’ Trading B pref--19/3. CHRISTCHURCH, February 21.

Sales: Tooths Brewery 56/6, Woolworths Sydney (ord) 23/1, Woolworths New Zealand 17/7. Woolworths South Africa. 15/2 (2). Reported: Westport Stockton pref (late yesterday) 7/3. WELLINGTON. February 21. Sales, noon call: Bank of Now Zealand. 39/3, 1.0.1. pref 23/-, British To hacco 50/3 (2), Australian Paper Manufacturers pref 25/11, Woolworths Holdings 15/2. Sales reported: 31 per cent. Stock 3/39/43 £99 15/-, Hastings Borough 41 per cent. 1/10/12 .Cloo. SYDNEY, February 21. Bank of Australasia £9/2/-, Bank’ of Nev; South Wales £29/12/6. Tooheys 32/-. Tooths 54/-. Associated Nows 20/-, Australian. Iron and Steel Pref. 27/-. Broken Hill Proprietary 55/3. contributing 43/6, Dunlop Perdriau 20/72-. Felt and Textiles 31/6. MINING. CLUTHA RIVER. The Clutha. River return is 630 z of gold in 87 hours

MATAKI. The Mataki return for the week ended February 17 was 15 ounces for 129 hours and 6500 yards. The dredge is lifting heavy pug. NEW RIVER. The New River dredge commenced work on February 15, after being shut down for two weeks for repairs. The next wash-up will be on February 2.3. MATAKI JUNCTION. WELLINGTON, February 21. The Murchison-Mataki Junction return for the two weeks ended Feb ruary 16, is 36 ounces of smelted gold for 179 hours, from 20,000 yards. PUBLIC TRUST OFFICE. Estates of a value of £608,443 were reported and accepted for administration by the Public Trustee, during January. 1939. The total value of the estates and funds under administration. by the Public Trustee on March 31, 1938, was £60,815,306, and the new business for the ten months ended January 31, 1939, -was £5,359,762. Grants of administration made by the Court in favour of the Public Trustee numbered 97 for the month. During the month. 371 new wills appointing the Public Trustee executor were prepared on behalf of testators and lodged for safe custody, and 250 existing wills were revised to provide for changes desired by testators. The total number oP'wills now held in the Public Trust Office on behalf of living persons is 92,499.

(1. (1. d. d. Southdown A 9:{ to 10:,' io to 101 Southdown B SA to 91 8 to 91 I-Ialfbred 56/58— Super .. 11 to 12 — — Average 107 to 11.', 9 7 to 10.7 Inferior — to 9?, — to 91 Fine Crossbred, 50/56 — Super .. — to 12.1 — to 121 Average 10 to 11 9 7 to 107 Inferior 9 to 9.1 9 to 91 Medium Crossbred, 48/50 — Super .. 11 to 11” 11 to 141 Average 9.7 to .10.1 10 to 11 Inferior 9 to 91 81 to 91 Medium Crossbred, 46/4S — Super .. 107 to 111 11 to 131 Average 91 to 10A 91 to 101 Inferior 81 to 9.1 81 to 91 Low Crossbred, 46/48 — Super .. 101 to 11 — — Inferior 81 to £.1 SA to 91 Low Crossbred, 44/46 —

Super 11 to 12 11 to 12 Average • ) 4 to 10 9.1 to 103 Inferior Low Crossbred 81 to 91 . 40/44— 81 to 91 Super — to 141 — to 153 Average 9:1 to 101 11 to 12 Inferior — io 91 — — Hoggets— 56-58 9:1 to 11 91 to Ill 52-54 91 to 121 91 to 121 48-50 91 to 111 91 to 11 46-48 91 to 101 93 to 101 Lambs — Super 11 to 121 10:1 to 113 Average 91 to 101 91 to 101 Inferior and ' seedy 7 to 8 61 to 8 Very Seedy 5i to 61 53 to 61 Pieces — Super 8i to 9 81 to 91 Average 7 a to 81 7 4 to 81 Inferior and seedy 61 to 71 61 to 71 Bellies — Super — io 75 71 to 8 Average 7 to 73 6:1 to 7J Inferior and seedy 6 to 61 6 to 61 Crutchings— Super S3 to 101 9 to 9:1 Average 7 to 81 • 2 to si Inferior and seedy r. 1 to 61 — — Very seedy — to 21 51 to 61 Locks — Good — to 51 41 to n Ordinary 1.1 to 43 3 to 4:1 Necks — Super — to 101 10 to 101 Average 91 to 9:1 91 to 93 .1 nferior 61 to SI 71 to