COMMERCIAL

Gisborne Times, Volume LXXXIV, Issue 12867, 22 May 1936, Page 8

COMMERCIAL

NEXT WOOL SEASON. FOSTER OF SALES According to the roster released by tho New Zealand AVoolbrokers’ Association. a longer wool selling seaeon has been arranged for 1930-37, the last sale being scheduled for Ap-» ril 24. Napier is allotted only four sales, Diet last being set down for April 8. Last season, Napier’s original allocation was only four sales. the fourth being on March 20, but a fifth was arranged, because of tho heavy offerings earlier in the season being beyond the sale limits, and was held on April 8, the same date on which the fonrt-h sale is sot down for in 193 C-37. If a fifth sale is found necessary at Napier, next season, it seems that the only date for it) will be at the end of April or the beginning of May, and buyers in tho past have expressed their reluctance to stay so long in New Zealand. However, if limits forWiio four sales) already fixed are high enough, a fifth may. not be necessary.

During the season just closed nearly 115.000 bales were put through at the four main sales at Napier, an average of about 28,000 per sale. If an average oT 30,000 had been maintained, it should have been possible to have cleaned up the entire clip without tho necessity of si- fiflli sale. Oho lales start .made with tho shearing season and the frequent delays kept wool back from the wool stores, but despite this the early .sales were well filled.

The following roster is announced: For 1936: November 28, Auckland; December 4, Napier; December 9. Wellington; December 11, Christchurch; December 17, Timaru; December 21, Dunedin, For 1937: January 11, Wellington; January 16, Napier; January 21, Wanganui; January 25, Auckland; February 1, Christchurch; February 5, Invercargill; February 10, Dunedin; February 19, Wellington; February 24, Napier; March 1, Wanganui; March 5, Auckland; March 12, Christchurch; March 16, Timaru; Mark 19, Invercargill; March 24, Dunedin; April 3, Wellington; April 8., Napier; April l 12, Wanganui; April 16, Christchurch; April 20, Dunedin; April 24, Wellington.

STOCK AND SHALE MARKETS,

<Press Association!, q AUCKLAND, May 21. Sales on ’Change: Waiki, 10s l)d; Commercial Bank, 19s sd; Martha, 20s 3d; Auckland Gas, 265; Staples, 43s Gd; New Zealand Newspapers 43s Od, Australian Glass, 91s 3d, 90s; W-oolworths, £7 10s; do. (Sydney), £9 14s; Government stock, 1938-52. £lO2 os; Golden Crown, 9s Gd; Mt. Morgan 15s 2d ; New Zealand Insuiance, 6.1 s 9d; Broken Hill, 635; Consolidated Brick, £IOO 10s,; bonds, 1946-49, £lO4 ss. WELLINGTON, May 20.

Sales on 'Change; Bank of Australasia, £l2f; Union Bank, £9 15s; Westport coal, 22s Od ; Commercial Bank, 19s 4d; Bank of New Zealand, £2 os Gd; Wellington Woollen, ord., £G 5s Gd; G. J. Coles, £3 17s Donagliy’s, ex div., £2 11s; Wilson’s Cement, £2 6s 3d ; Union Steam, prof £1 7s; Australian Glass, £4 Is; Shillings, 10s. CHRISTCHURCH, May 21. Sales on ’Change: Bank of Now Zealand, 45s 6d (2); Goldsbrough, Mont, 32s (id (2); Now Zealand Refrigerating. 10s paid, 9s Id; X.Z. Breweries, cum div., 53s (2),; Dunlop Rubber, 17s 3d (2); G. J. Coles, 775; Hnun? Pipo (Aust.), 17s 4tl; Kauri Timber, 24s (2); Wool worths (N.Z.), ord., £7 9s (2), £7 10s; Argo Gold, eUm div., Is old; Mount Morgan, 15s Id; Self ridges (Australasia), new, 19s 8d; Woolworths (W. Aust.), £l3 10s; 4 per cent bonds, 1946, £lO4 2s Gd; Wilson’s Cement, 46s Od. DUNEDIN, May 21.

Sales reported: National Insurance 18s; Standard Insurance, £3 2s Cd.; Howard Smith, 17s sd; New Zealand Breweries, £2 l‘3s 3d.