COMMERCIAL

Northern Advocate, 21 April 1933, Page 7

COMMERCIAL

WOOL DISPOSAL SYDNEY SERIES. STRONG ALL-ROUND DEMAND. United Press Association —By Electric Telegrapn.—Copyright.) SYDNEY, April 20. At the Sydney wool sales 9301 bales were offered, and 8474 were sold; also, ‘702 bales were sold privately. There was strong general demand for fall descriptions, especially for best lots. Greasy merino fleece sold to lofd. The average price realised at the past two days’ sales was £lO 7/11 a bale, or 8.39 d a lb. REVIEW OF INDUSTRY. RAPID CLEARANCE, 7 / 11. Dawson, Sons and Co., Ltd., in a review of the wool market last month, stated: —“Production at last shows a tendency to decline, while, on the other hand, consumption has been radically increased, particularly in textiles —which are the main essential to livelihood. The rapid clearance of large clips from Australia, South Africa and New Zealand, without a visible accumulation of raw wool stocks, forces the conclusion that consumption of wool has almost overtaken production.”

BONDS AND SHARES.

AUSTRALIAN TRANSACTIONS.

SYDNEY, April 20

The Australian Stock Exchange opened today after the Easter holidays. There was a strong tone, and the market was active.

Sales this morning included Commonwealth 4 per cent bonds, 1938, £lO3 12/6; 1941, £lO4 5/; 1944 (ex interest), £lO2 12/6; 1947, £103; 1950 and 1953, £lO3 10/; 1955, £104; 1957, £lO4 2/6; 1959 (ex interest), £lO2 10/; 1961, £lO3 2/6; Australian Gas, A shares, £6 18/6; British Tobacco, 35/; Colonial Sugar, £55; Goldsbrough Mort, 23/3.

This afternoon’s sales included: Commonwealth 4 per cent bonds: 1938, £lO3 12/6; 1941, £lO4 3/9; 1944, £lO2 10/; 1947, £lO2 17/6; 1953, £lO3 10/; 1957, £lO4 2/6; 1961, £lO3. Bank of New South Wales, £29 17/6; Australian Gas, A shares, £0 18/; Colonial sugar, £55 2/6 and £55 5/j Dunlop Perdrean, 17/14; Toohey’s Brewery, preference, 23/9.

Melbourne sales included: Commonwealth 4 per cent bonds: 1938, £lO3 15/, £lO3 12/6; 1950, £lO3 7/6; Broken Hill Pty., 30/9.

PRODUCE PRICES. ,

SYDNEY AND ADELAIDE. SYDNEY, April 20. The wheat market is steady. Silo lots are offered at 2/11, but buyers’ ideas are a farthing less. Country bagged lots are timer at 2/2$ on sidings, equal to 2/10$d ex trucks, Sydney. Potatoes are in heavy supply, and the market is quiet. Tasmanian Erownels, £8 .10/; Victorian, £7, Onions, Victorian brown Spanish, £5. Maize, yellow, 3/10; white, 4/3. Bran and pollard: £4 5/. Flour: £9 15/. Adelaide prices are: Wheat, growers’ lots, 2/73.; Hour, bakers’ lots, £8; bran and pollard, £4 15/6; oats, good, 1/5 to 1/6; barley, 1/11,

MINING NEWS.

WAIHI PROFIT INCREASES,

special to "Northern Advocate.’'*

AUCKLAND, This Day.

An increase of £118,632 in the net profit of the Waihi Goldmining Company, Ltd., for the year ended December 31, 1932, is disclosed. The net profit for tliCjyear was £184,103, and the dividend is unchanged at 2/ a share, or 40 per cent. Mr R. G. Milligan, Auckland director and attorney, has received cabled advice of the company’s operations. The balance brought into the account was £3846. Gross profits totalled £251,948, from which taxation £60,778 and depreciation £7067 wore paid. From the net profit the sum of £35,00, which was transferred from the reserve account last year, was returned, and £49,590 10/ was absorbed in the payment of an interim dividend of a 1/ a share. A sum of £103,358 10/ remains for appropriation, and a final dividend of a shilling a share, free of tax, payable on May 5, is recommended by the directors. This will leave a balance of £53,767 to be carried forward. GOLD AND SILVER.

LATEST QUOTATIONS,

LONDON, April 19,

Fine gold is quoted today at £6 0/2 an ounce, compared with £6 0/94 yesterday. The quotation for silver at per fine ounce is 19 7-Bd, compared with 19d on April 13.