COMMERCIAL

Grey River Argus, 13 February 1940, Page 12

COMMERCIAL

AUCKLAND WOOL CHEQUE. AUCKLAND, February 11. Woolgrowers throughout the Auckland Province will share in the distribution of more than £361,000 tomorrow, the prompt date for the third appraisal in Auckland of wool under the British Government’s wartime purchase. The appraisal comprised 21,200 bales. Further supplies of wool are still coming in to stores, although the rate has slackened somewhat. Tentative dates have been fixed for two more appraisals before the end of the season. With the present cheque, the total distribution in Auckland this season will be approximately £1,063,000. This is slightly above the figure for the whole of the 1938-39 season, when £1,061,743 was distributed. With two appraisals still to be held it is clear that the total cheque will be a large one, which will bear comparison W’ith the record realisation of £1,528,545 in 1936-37. LONDON, February 10. Friday’s closing prices were:— Cotton—Spot 8.3 d. per lb.; March 8.06 d. Rubber—Para 13d. per lb.; plantation smoked 123 d. Linseed oil—£46/5/- a ton. Turpentine—s4/9 per cwt. CHRISTCHURCH, February 12. Sales: Goldsbrough Mort 30s sd, 30s 3d, New Zealand Refrigerating [(contra.) 9s 3d. Reported: Broken Hill Pty. 54s 3d, Broken Hill South 32s 6d. WELLINGTON, February 12. Sales reported; Wool worth Limited ordinary 25s 3d, Mount Morgan 10s. Cabled advice was received that the Capel Court Investment Company recommended a dividend of three per cent., payable on March 11.

The Hume Pipe Company (Australia) is paying on March 13. an interim dividend, for the half-year ended December. 3’4 per cent, on preference, three per cent, on ordinary shares.