COMMERCIAL

Grey River Argus, 3 May 1935, Page 8

COMMERCIAL

(Per Press Association). AUCKLAND, May 2. Sales: Northern Steam 6s lOd; Farmers’ Trading A pref. 17s 6d; Kauri Timber 19s 3d; Gas 28s; Cement 355; Mt. Morgan 37s -Sd; New Zealand Breweries 555; South British Insurance 995; Reserve Bank £•(> 13s 3d; Woolworth’s N.Z. £ll 2s 6d; Stoc. 194 U, £lO4 ss; Bonds, 1955 £lll 15s. DUNEDIN, May 2. Sales: King Solomon 4s 6d. Reported- A.P.A. Insurance £1 Is 6d (late yesterday), Broken Hill Pty. £2 Ils 9d (late vesterdav), Mount Morgan £1 17s 9d. WELLINGTON, May 2. Sales: National Insurance 21s 8d; New Zealand Breweries £2 15s; Okarito 6s 4d; Skippers 2LI. C’HRIiSTCHURCH, May 2. Sales: New Zealand Breweries 54s lid, 54s lOd; Dunlop Pcrd’iau Rubber 17s 2d; Maori Gully Is Sd: Mt. Lyell 20s 7d (2); Mount Morgan 37s 6d. 37s sd, 37s 6d. Reported: King Solomon (late sale Ist) 4s 7d; Sun Newspapers 5s (2); Dunlop Pcrdriau Rubber 17s 2d; Bank of New Zealand (late sale Ist) 51s 2d; Southland Frozen Meat (late sale Ist) 765. LONDON, May 1. Gold 1545; dollar franc 72j. BRISBANE, May 2. The wool sales were continued, with a strong demand. Al! descriptions showed a firming tendency. Top prices were: Greasy 10kl; scoured 26d d. LONDON, May 1. Though he made no detailed investigation into wool-stra, Mr D. H. Wilson, Director of Wool Industries Research Association, Leeds, informed the Australian Press Association that a limited range of fabrics were examined with the following conclusions: — That ratio of wool fibre in them varied. Cloths spun as worsted have a “good handle,” are attractive, but have- dull appearances. The only inherent advantage is 'their silky handle for fancy effects, but the wearing properties arc definitely inferior to wool. Owing to the tendency to rub up and stretch, they become baggy and easily Bradford manufacturers express the opinion that it may find definite place in the industry, but mainly on account of the price of wool relative to artificial products’ more stable price. At the moment, however, they are unable to compete wi£h wool fabrics, owing to the low price of Botany yarns. If the latter rise twenty-five per cent, mixed fabrics would then be in a position to compete successfully. OTTAWA. May 1. Japan has protested against a depreciated currency surtax being imposed on Japanese imports.