COMMERCIAL

Hokitika Guardian, 15 January 1935, Page 2

COMMERCIAL

SHARE MARKETS

Press Association, Copyright).

AUCKLAND, Janu a r v 14

Sales : Reserve Bank £6 12 s 6d, Phillips and ImPev 50s, Gillespie’s Beach 15s 3d, Gisborne Sheep farmers 6t per cent £lO2 ss, E.S. and A Bank £5 Is, Auckland Gas Coy 19s 3d, Consolidated Brick 10s Id. Goldfields Dredging 9d, Wool worth’s Ltd., £4 3 S 6d, Consolidated Brick 10 s Id.

CHRISTCHURCH, January 14

[ Sties: Reserve Bank of New ZeaI land £6 12s ; N.Z. Rcfrig. (10s paid, | cum. div.) 10s 4d (2), Anthony Hordern J9s; Bppkeju Hill «Pnoptyyf 54sr Maha* kipawa 8d; Nevis Diesel Electric 4d. .Reported: N.Z. Refrig. (10s paid, cum. div.) 7.0 s 4d; New Zealand Breweries 52s 6d.

DUNEDIN, January 14. Sales reported: New Zealand Breweries 52s 6d ; 'Bell Kilgour lid.

WOOL SALES

'HASTINGS, January 14. About ninety per cent, of 'the offering of twenty-six thousand bales was cleared at the Napier sa'les on Saturday. Growers met the market well. Prices were firm at Lite rates, with an advance of roughly a halfp e nny on December prices. Necks and pieces did not share in the rise ns fully as the other sorts. A full bench of buyers operated, sometimes animatedly, but within strict (limits.

A feature of the sale was the reentry of German buyers, who somewhatstrengthened the sale. Bradford, Japeu, and Germany brought the bulk of fleece wools. France 'and Australia took lambs wool. Withdrawals were infrequent, growers meeting the market with more than usual readiness. The brokers remarked that the prices were fully up to expectations.

AUSTRALIAN WOOL TRADE

AUCKLAND, January 14

An emphatic statement that the wool growers of Australia will resist any suggestion of control of fixation of prices in the (wool industry of the Commonwealth. was made by Si r Graham Wadde’d, who passed through Auckland on the Mariposa.

SYDNEY WQOI. SALES At fffhe wool sales to-day 11.457 (bales were offeror!, and 10.351 hales were sold, also 919 bales privately. A*l sections competed freely, the Japanese •and Yorkshire buyers being particularly active. The market was very firm at last week's closing rates. Comebacks and crossbreds sold readily at date nates. Good clearances were effected. - Greasy merino sold at 15Jd per seven bales. The average price <of wool at the •Sydney sales last week wns 12 2s 8d per hale, equal to nine decimal seven pence a lb.