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Grey River Argus, 7 May 1934, Page 8

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(Per Press Association.) CHRISTCHURCH, Alay 5. Sales on ’Change: 200 Comm. Bank of Aust., 16s lid; 25 Natl. Bank of A'asia. (£5 paid, cum. div.), £G 7s; 500 N.Z. Refrig. (10s paid), 8s (2); JO New Zealand Breweries, 41s 9d; 100 Staples Brewery. 28s; 200 Dunlop Rubber, 18s bd (2); 100 Alount Lyell 23s 6d; 800 Fresliiord, Id; 900 Gold en Point, 2Ad (2); 300 Aloon.ightNeJyon Creek, 8d; 1500 Nevis Diesel Electric, s{d (3); 500 Nokomai, Is lOAd; 300 Rawang Tin. 9s sd. 9s 4|d, 9s sd; 50 Waihi, 34s 9d; 100 Waitahu, 4s 6d. Sales reported: 100 Dunlop Rubber, 18s Bd. AUCKLAND, Alay 5. Sales on ’Change; Brian Born. 2s: N.Z. Guarantee Corpora lion, 4s 2d: Talisman, 13s 6d; Taupiri Coal. 16s: Auckland Gas, 25s 4d, 25s sd: Bank of New Zealand, 50s 9d; Queensland Insurance, 695. DUNEDIN, Alay 5. Sale s reported: Rawang Tin Fields, Os 6d (ex div.); Nokomai. Is lOd (late sale yesterday); Nevis Diesel ‘Electric, s{d; Afahakipavva, Bd. BUTTER PRICES. WELLINGTON, Alay 5. Australian forward butter prices are unchanged. LONDON WOOL SALES (Aus. & N.Z. Cable Assn.) LONDON, Alay 3. At the wool sales 6.721 bales were offered, including 5.305 New Zealand, and 5.299 sold. There was good general competition. The bulk were sold at steady rates. New Zealand greasy merino, BirchiH (Marlborough) top* 20d, average 17£d, scoured merinos (Flockhill) old. average 29Jd. Bradford steadier owing to the London opening being better than generally expected. Seventies 384 d, sixtyfours 374 d. sixties 35d. fifty-sixes 25Ad. fifties 14}d to 19d. forty-sixes 141 d. forties 11$d. The International Tin Committee, at a special meeting at London, decided that a quota increase, amounting to 10 per rent, on standard tonnages, should be given in the four signatory countries, with effect from April 1, 1934, for a period of six months, which is equivalent to an increased production of 5.280 tons in that period. AIELBOURNE, Alay 4. Wheat inactive. Shippers’ limits 2s 44d; parcels 2s ssd; flour £7; bran £4 ss; pollard £4 15s; oats 2s 4d; barley, English malting 2s 7d to 2s 9d maize, best 3s 6d; onions, strong prime £4 and £4 s>. ADELAIDE, May 3. Wheat in growers’ lots 2s 3d; flour in bakers’ lots £ll 10s; bran £5; pollard £4 15s; oats, Algerian 2s; barley LONDON, Alay 4. At the wool sales, 6989 bales were offered, including 788 ba’es of New Zealand wool, and about 1G49 hub's were sold. There was a quieter demand and some irregularity in merinos, with more frequent withdrawals on high selling limits. Crossbreds sold firmly to Britain and the Continent. New Zealand sold lots as follows: Greasy merino ATM (top price 17dl, average 16d. Greasy cross-bred. .IB (top price 12$d), average lOd. GERMAN WOOL EMBARGO LONDON. May 4. The embargo on th<> importation nl i wool tups and yarns into Germany Las been extend' d tn May 21 The ”Yorkshire Post’’ says that the London sales revealed an indirect German influence on the ste’e room. The extension of the ban should not materially affect the spot trade. There are many firms accustomed f o buy un the German account, who are prepared to operate in anticipation of future requirements. It will I"nearlv two months after th<* close of the present series before the sales recommence. Germany ob\ iously will , need supplies before then

Mr Ruuciuian, when asked for a s J .atcm|Cnt 'Oil the conversations between the British and Japanese Governments relating to cotton and nay on industries, said he was having further consultations with the Japanese Ambassador to-morrow. He expected to make a statement on the position next week A question was asked in the Commons on the subject, and suggested methods for collecting the interest due on these debts io British tors, but Sir J. Simon said it was undesirable to make a statement o policy while negotiations were pending. BERLIN. Mac 3. The Reich Bank ■ coverage is th' lowest in history, being only 5.6 per cent SKIN REPORT 11. Matsuu and Co. report having held their weekly skin sale bet or. the usua] bench, of buyers. Prices wore considerably easier than those ruling last week, - there being an easing of Id to Hd per 11- on :•* classes. IT. Matson and 00. quote the following range of va’ue-s;—-Pelts Id to 4{d. Quality X-btr-is 2pl to 4d. Sound X-breds 4d to GJ<l. Quality f-breds 2.|d to 6}d. Sound J-bneds 44 to 7}d. Qualitv 4|d to B|d,. Sound Gd to lOd Full wool faulty 4-bred lid. Sound IsLambs.—Faultv 5.? d to Bd. Sound 7cl to 9d. •Greonskins X-breds 1s to 4s 5d |-brt*<lg Is 9d to Gs Gd. ?.-breds 2s to 5s S<l. Extra heavy Gs Gd to 9s Gd Crufchings 4Xd to Gd. Pead 'wool 4d to Bd. KOKATAHI STOCK SALE Messrs M. Houston and Co. report having held a sale of fat and store stock at the Kokatahi sale yards on Wednesday, before a good attendance of butchers and graziers. Competition was good and the full yarding was cleared at prices on a par with th'ose of recent sales:—On account of N. Houston 11 fat owes a.t 18s; on ' ac