COMMERCIAL

Nelson Evening Mail, Volume LXIV, 26 March 1930, Page 10

COMMERCIAL

DOMINION OVERSEAS TRADE

ADVERSE BALANCE

(By Telegraph—Press Association)

WELLINGTON, This Day.

Oversea trade figures for the Dominion for tlio jnontli of February, 1930, with tin) figures for tlio corresponding period in tho previous vear in parentheses, aro:—Exports, £5',624,036 (£8,056,083); imports, £3,968,218 (£3,678,543). The figures for the two months ended February are: Exports, £12,002,609 (£16,506,014 j imports,'£B,lsß,Bso (£7,997,634). Exports show a drop of over £2,000,000 owing to the low prico of wool, and imports an increase of £200,000. For the wholo trading season of seven months there is an adverse balance of nearly £3,000,000. SYDNEY WOOL SALES 'United Press Association—By Electric Telegraph—Copyright) SYDNEY, 25th March. At the wool sales 8548 bales were offered, of which 8272 were sold, also 176 privately. Values were well maintained for all descriptions of merinos. Greasy merino sold to 28^d. LONDON WOOL SALES LONDON, 24th March. At the wool sales best New Zealand greasy crossbred reached 12|d ; halfbred slipe lambs, CMC/Eclipse, 13J,d.

Messrs Levin and Co., Ltd., have received tho following cable from their London agents, dated 24th March, 1930 :

The auctions aro proceeding with a weakening tendency for greasy crossbreds. Slipe wools generally and scoured crossbreds about unchanged. Good general competition. As at present arranged, the sales will clos's on the 10th April. Tho following prices are current: Merino, Super, lid to 12J,d per lb; average, 9J,d to lOj,-. Fine Halfbred. super 56/58s, 12d to 13d; average, lid to Medium halfbred, super 50/565, 10k! to Hid; p.verage, 9£d to Coarse Halfbred, super 48/50s, 10£d to lid; a verage, 9d to Fine Crossbred, super 46/48s, lOd to average, 9d to 9.U1. Medium Crossbred, super 44/465, 9£d "to lOd; average, B£d to 9d. Coarse Crossbred, super 40/445, 9£d to lOd; average, Bi,d to 9d. Low Crossbred, super 36/40s, 9d"to 9id, average, 7id to Bd. Pieces, 7d to Bid. Bellies, 6d to Locks. 3£d to 4{d.

NEW ZEALAND WOOL FARMERS' UNION DISCUSSION (By Telegraph—Press Association; WELLINGTON, This Day. The Farmers' Union Executive and sheepowners' representatives had a conference on the question of setting up a wool valuation board here. It was found that there were difficulties in tho way. One was the comparative smallness of New Zealand's output. It was considered that any action must ]be jointly with Australia. It was stated that Sir J. Wiggins, chairman of Bawra, had evolved a scheme but it had been turned down. It was felt that if New Zealand acted by itself buyers might refuse to come. No board therefore will be set up, but enquiries are to; be made in the direction of a reduction of freights. The Farmers' Union Executive agreed to request the Wool Committee to arrange ano:ner wool salo two or three months after the regular calendar in order to prevent a heavy carry over the next season. It also endorsed a suggestion that the Government should call a conference to consider assisting farmers who wish to hold their wool with an advance. The Rural Intermediate Credit Board is considered the body which should undertake the duty. BANK OF AUSTRALASIA (United Press Association—By Electrio Telegraph—Copyright) (Received 26th March, 10 a.m.) LONDON, 25th March. The Bank of Australasia made a nett profit of £677,183. LONDON SHEEPSKINS MARKET The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following advice from their London house, dated 22nd instant: —

Sheepskins.—Position of market as compared with preceding auctions was higher. Combing Merino, 10 per cent., 15 per cent; Crossbred, 10 per cent. Clothing, Merino, 5 per cent., 7£ per cent.; Crossbred, 10 per cent., 15 per cent. There is a fair demand. Current quotations for New Zealand sheepskins. 56/58s full-woolled sound pelts, 10J<1; three-quarter full-woolled sound pelts, lOd; half-woolled sound pelts, 9d. 48/50s full-woolled sound pelts, 9gd; three-(luarter-woolled sound pelts, B|d; halfwoolled sound pelts, Vfd, 44/46s fullwoowes sound pelts, 9d; three-quarter-wnolled sound pelts, B£d; half-woolled sound pelts, 7-Jd. 40s full-woolled sound pells, B£d; three-quarter-woolled sound pcilts, Bid; h-ilf-woolled ...sound pelts, 7id.