COMMERCIAL

Northern Advocate, 2 May 1933, Page 10

COMMERCIAL

WOOL DISPOSAL 1 i SYDNEY SERIES. i i I J BETTER SORTS APPRECIATE. I United Press Association —By Electric Telegraph.—Copyright.) SYDNEY, May L At the Sydney wool sales today 10,491 hales were offered, and 9380 were sold; also, 227.1 hales were sold privately. Values compared with last week's showed an advance of 1 to 7-1 per cent for all better classes of fleece and skirtings. There was good competition, with Bradford and Germany dominating. Greasy merino sold to 14;ld,

The average price of tin* wool sold last week in Sydney was £9 .IS/8 a hale, or 7.97 d a Ih. MORE CONFIDENT TONE. DEVEREEN REVIEW. LONDON, April fid. The London representative oi the Australian Woolgrowers-’ Council, Mr W. P. Devereux, reports:— “As the result of the fixing of the dates of the World Economic. Conference, combined with the steadying of international exchanges, confidence seems to he returning. There is a slight improvement in the values of wool, according to Bradford reports, with a definite hardening of merino tops and fair business in combing sorts. Prices for crossbred are well maintained. There is substantial business in fine sorts. There is a little improvement in the demand for merino yarns. Crossbred yarns are firm. Trade in Franco and Belgium)'is quiet. ”

BONDS AND SHARES.

AI ASTRAL lAN TRA NS ACTIONS

SYDNEY, May .1

On the Sydney Stock Exchange today the, investment market opened quietly and the turnover was below recent averages, apparently awaiting fresh overseas developments. The market for gilt-edged, as well as leading company shares, retained a distinctly firm tone.

Today's sale.', included: Bank of New South Wales, £29 12/0; Associated News, 8/; ditto, preference, 17/101; Howard Smith, 8/; Australian Gas, A shares, £7; Tooth's Brewery, 30/41; Gordon and Qotch, 32/3; Dunlop Perdreau, l(5/10i; Goldsbrough Mort, 22/9; .Fairyinede• Sugar, 20/4-1; Broken Hill Pty., 31/101; North Broen Hill, 72/. Commonwealth 4 per cent bonds: 1938, £lO4 3/; 1941, £lO4 12/0; 1944, £lO3 .11/3; 1947, £lO3 13/9; 1930, £lO3 3/; 1933, £lO4 3/; 1933, £194 18/9; 1937, £103; 1930 ;uul 1931, £lO3 12/0.

Melbourne sales included: Metropolitan Gas, £l2 10/; North Broken Hill, 72/.

FLAX INDUSTRY. BUSINESS DULL. ■Conditions ruling in the flax market are dull, and present offers c.i.f.e., London, range from about £1 3 V for low fair to £l4 d/ for high fair. Little business is offering, but it is reported some sales have been made to Australia, which can now obtain supplies at a cheaper rate than prior to the rise in New Zealand-London exchange. Flax fibre suffers severely from competition, with sisal, but it is reported that sisal growers are not replanting extensively. PUKEKOHE PRODUCE. ONIONS AND POTATOES. (Special to "Northern Advocate-”} PUKEKOHE, This Day.

An irregular demand and fluctuating {trices were features of the potato market this Avoek. Supplies of table potatoes are well reduced, and crops uoav are mostly for seed. Puling values are from 4/ to d/ per cwt, f.o.r. Onions are slow of' sale, but the price, 4/6 to d/ per cwt, remain firm. Cauliflowers are quoted at 10/0 a sack, and cabbages at 7/ a sack. MINING NEWS. OKAPTTO YIELD. The Okarito (South" Westland) wash-up for the week was El- ounces 10 pennyweights for 12d hours' dredging. MANAGER'S REPORT. Golco’nda (Thames). —During last week we continued driving on the hanging Avail dropper from the bottom of the Avinze, and good dabs of gold have been seen in each breaking down. The 70 feet le\el is being put in order, and a leading slope being taken along on the lootAvall branch of the main reef. The ore broken slioavh nice minerals and a fair amount of zinc blende. There is uoav sufficient development Avork done to keep the mill going one shift tor ap proximately twelve months. BRITISH WAR LOAN. ADVANCE RECORDED. (British Ollmini Wireless. > RUGBY, April 2!). War Loan, 3.) per cent., is quoted today at £IOO 13/0, compared with £IOO 11/3 on. April 27.