COMMERCIAL

Grey River Argus, 9 May 1936, Page 11

COMMERCIAL

(,I‘cr Press Association.; A LUK LA ND, Alay 8. bales, morning call: farmers’ Trading t'c ou, Ijam Mortgage 295, Cement 6d. 14s, Glass J9s 3J, Sugar £4l, Duck 7 A per cent. £99, Suuungs Id. Sales noun: licmiwn Coal 10s 6d, AD. Morgan ,1.5 s lid,, 16s, Koller Alilts 2 us, Hauk At "i-i gag'' 29s U<l, 50s, Cotes 73s (id Woolworui s Sydney £7 18s. WELLING L’ON, Alay 8. Sales: Colonial Sugar £-11 10s, Shilling.-' bs, Staples Brewery £1 4s 3d, British Tobacco £1 19s 9d, Broken Hili £3 Is, Wilson's Cement £2 3s 9d, \\oomorth’s Ltd. £7 17s 6d. DUNEDIN, Alay 8. Sales reported: Bank of New Zealand, Long D 29s 6d (2). Westport Coal 22s 9d, Wellington Woollen Ord. 125 s (id, Broken Hill Proprietary 60s 9d. On ’Change: Alt. Lyell 24s 6d. After call: Shillings Ltd. (,5s paid) Bs. CHRISTCHURCH, May 8.

Sales: Comm. Bank of Aust. 19s 9d, Goldsbrougli Alort. 31s 3d ; N.Z. Breweries 52s 4d (2), Dunlop Rubber 16s Id, 16s 2d, lus Id, Wilson's Cement 44s (7), Alaori Gully 11-ld, Alount Lyell (cum. div.) 24s sd. Reported: Comm. Bank of Aust, (pref.) £9 7s 6d ; N.Z. Farmers’ Co-op (44 per cent, block 1945) £92. Sales at the Addington market this week on behalf of West Coast clients, included: Fat lambs, W. Clayton (Ahaura), 49 at. 17s lOd to 25s lOd; H. AL Coulson (Koilerangi), 26 at 17s 4d to 24s Id; Burrows Bros. (Ahaura) 9 at 15s to 225; V. Bonar (Hokitika) 14 at 18s .Id. Fat cattle, Te Kinga Laud and Timber Coy., three steers at. £8 17s 6d to £.lO 2s 6d; S. Rodgers (Totara Flat), two heifers at £4 2s 6d to £5 2s 6d; A. S. and 11. A. Cunningham (Jacksons), 8 cows at £3 12s 6d to £4 17s 6d. THE WOUL TRADE. ■ LONDON, May 7. At th ewool sales 9987 bales were ottered, including 6239 New Zealand, and 7513 -were sold. There was a good .selection, composed largely of New Zealand crossbreds, which were well cleared under the influence of. keen Home competition. Current rates were maintained. Australian greasy meriuos were heavily withdrawn. owing to the firm limits. New Zealand scoured merinos, Floekhill, toil price 24d, average 22;jd, SYDNEY, May 7.

At to-day’s wool sales 9037 bales were offered and 8067 were sold, also 1706 privately. The market continued very firm at late rates. The average price of wool was £l4 15s lid per bale and 11.2 d per lb. The low average is due to a large proportion of erutchings being offered. CANBERRA, May S. The Federal Government has decided to impose a sales tax of not more than one shilling per bale on wool, to provide a research and publicity fund. The chief purpose of the fund will be to combat the menace in overseas markets of artificial wool and wool substitutes. Making the announcement, Mr. Lyons said that for a beginning the inaximiim of a shilling may not he

collected. It might possibly be as low as sixpence. The Government proposes to collect a levy from growers, arid pay it over to accredited representatives of the industry. A Wbol Research and Publicity Committee will be set up and will work in. association with similar New Zealand, South African and United Kingdom organisations.