COMMERCIAL.

Gisborne Times, Volume LXV, Issue 10368, 8 April 1927, Page 2

COMMERCIAL.

STOCKS AND SHARES

AUCKLAND, April 7. Sales on Change: New n aiotalu, con., lid; Waihi 17s; New Zealand Breweries deb., 23s lid. —P.A. CHRISTCHURCH, April 7. Sales on Change: Bank of New South Wales £SO ss; Colclsbrough Mort and Co., 50s 2d ; National Bank of Australia (£5 paid, rts.), 32s 9d; Huddart Parker 47s 6d; British Tobacco Co., 52s. —P.A.

AUSTRALIAN WOOL SEASON. In a circular dated March 17th, Winchcombe, Carson Ltd., wool brokers, Sydney, report that at the end of February 2,278.892 bales of wool had been received at Australian wool stoics for this season. The great •bulk of it had been sold, and the firm expects a ready demand for any wool available between now and .June next. It gives the average price obtained for wool during the season at practically 17d a lb. It is mentioned that the combined quantities of the wool offered in the last two .years amounted to more than 5,000,000 bales, aim exceeded the amount sold in any other twoyear, period by about i,01X1.000 bales Such figures were unprecedented in Australian wool history. To enable the raw material to he absorbed in such quantities manufactured goods must have been bought freely, otherwise mill owners would not have found it possible to go on obtaining money to meet'purchases. The conclusion is drawn by the firm that the Commonwealth so Jar is not growing too much wool. The attitude of the. United States textile trade is regarded as perplexing. That country is prosperous, yet business in the woollen mills does not move with proper freedom. In Sydney this season less wool had been purchased by American buyers than during 1925-26. and Winchcombe, Carson Ltd. raises the issue whether the duty on wool entering the United States did not make the staple too dear for use thero

SYDNEY WOOL SALES MARKET VERY FIRM (United Press Assn.—Copyright.) (Received April 7 10.5 p.m-. SYDNEY, April .7. The seventh series of wool sales has concluded,, the market being ecxeeclingly firm at the lower level values recently .'reported, and the princes ruled, occasionally, in the sellers’ favor. The demand was strong and general. Creasy merino sold to Sold.— U.P.A PRODUCE RATES AUSTRALIAN QUOTATIONS (Received April 7. 9 p.m.) SYDNEY. April 7. The produce quotations are as follows : Wlieat, 4s okl at country stations; 5s Id ex struck at Sydney. Flour, export £ll 7s 6d f.01i.. local £l2 ss. Oats: Tasmanian white 4s 3d to 4s 4d ; Algerian 4s to 4s Id : inferior 3s 9d. Maize: Yellow 7s 9d; white 7s. Pootatoes: Tasmanian £G 10s to £B. Onions: Victorian £o 10s to £6. ADELAIDE. April 7. Wheat growers lots 4s lid, ss; parcels nominally are 5s 2d. Flour: Bakers lots £l3 per ton Oats: 2s -Id .-U.P.A-

HIDES MARKET BRISK KEEN COMPETITION (Received Anril 7 10.55 pun.) MELBOURNE, April 7. The hides market is animated, with keen competition, particularly on light and medium weights, values advancing from par to oneeighth. Other grades are unchanged. —U.P.A.