COMMERCIAL.

New Zealand Herald, Volume LIX, Issue 17984, 9 January 1922, Page 3

COMMERCIAL.

AUCKLAND STOCK EXCHANGE. The Auckland Stock Exchange, which closed for the Christmas and Nevr Yew vacation on December 22, will reopen this morning. AUSTRALIAN WHEAT POOLS. SEVENTEEN MILLION TONS. Before the Australian Wheat Board goes into liauidation efforts will be made to wind up the compulsory pools at an oarly date. All wheat in thii 1920-21 pool has been sola and all chartering arranged. No fresh business remains to be transacted, and the board will now make final adjustments of the wheat cool accounts. , , Since ita inception in 1915 the board has handled six pools, containing in al! more than 17,000,000 tons of wheat. Nearly 7,000,000 tons were sold for home requirements. The amount distributed to the wheatgrowciQ -was £158,121.000; of which £40,711,000 —Ihe highest amount paid in a single eon—-was disbursed on account of the 1920-21 pool. The details of the amount of wheat exported from each of the six pools and the total pavmeints to growers were aa follows:— Shipments. Payments to Tear. Tons. Growers. 1916-16 .. 1,336.000 £28.0915,000 1916-17 . a 1,588.000 23,753,000 1917-18 .. 941,000 20,201,000 1918-19 .. 589,000 17.M1.000 1919-20 1,380,000 19,596,000 1920-21 .. 2,885,000 49,711,000

Totals .. 10,719.000 £158,421,000 Reviewing the operation? of the bc.ard, the secretary (Mt. H. A- Pitt) - Raid that the sale of 3.000.000 tons to the British Wheat Commission—then, acting for the British. French, and Italian Governments—in 1917 was the Greatest single sale of wheat in the history of the industry. From this transaction the board received £416,000 as the net profits on ro-sales oi diverted cargoes. The price paid for the 3,000.000 tons wae £20.600.000. on a basis of 43 9d a bushel. CLYDESDALE STUD SALE. The first annual sale of Messrs. Thomson and Co.. proprietors of the Wai-Rongoa Clydesdale Stud, will bo held iu Dunedin on February 10, No private offers will be accepted under any conditions, either prior t?> or on the day of tbo sale as the company );m <sec;ded that every animal must be sold under the hammer,