SYDNEY WOOL SALES.

New Zealand Herald, Volume LXV, Issue 19879, 24 February 1928, Page 9

SYDNEY WOOL SALES.

FACTOR OF, FIRM MARKET.

RUSSIAN COMPETITION. (Received February 23, 5.5' p.m.) A.' and N.Z. SYDNEY, Feb. 23. One of the factors of the keen competition and high prices at the Sydney wool sales, especially for the freer type of locks, is the .Russian demand.. Buyers from elsewhere are compelled to stretch their limits to the utmost to secure this class from the Russian buyers. The activity of the Russians, however, lias ijot been confined to locks. Of lafe. finer quality wools have benefited considerably from their activity. The advent of the Russians as direct buyers has certainly being an appreciable factor in keeping the rates at the present buoyant level. AUCKLAND COMPANIES. FOUR NEW REGISTRATIONS. Four new private companies have been j registered in Auckland. Following are details:— Tudor Theatre, Limited, theatre proprietors, of Remuera, Auckland. Capital, £4OOO. Subscribers; New Zealand Picture Supplies, Ltd., 1998 shares; Frederick George Mumford, 1999; Lawrence Alexander Quinn, H. Hayward and Phil Hayward, one each. Prestige Millinery, Limited, manufacturers and dealers in millinery. Capital £SOOO. Subscribers: Godfrey Allan Clay and Clarence, Babot Sinel, each 2500 shares. . Electric Fitments, Limited, electrical suppliers. Capital, £IOOO. Subscribers: Allan Archibald Bishop, 999 shares; Archibald Bishop, one share. .Tamieson and Montgomery, Limited, motor dealers. Capital, £4OO. Subscribers : Joseph William Montgomery and David Scott Moncrieff Jamieson, each 200 shares. LONDON DAIRY VALUES. BUTTER MARKET STEADY. Mr. G. Paviour-Smith received the foL lowing cablegram yesterday from his London principals, the Anglo-Continental Produce Company:—Butter: 162s to 1645; market steady. Cheese: 94s to 955; prospects for immediate future unchanged, The New Zealand Loan and Mercantile Agency Company, Limited, received the following cablegram, dated February 22, from its Londou house; —Butter; 163s to 1645; market steady. Cheese: 94s to 955; market quiet. MEAT FOR ADMIRALTY. LARGE CONTRACT OFFERED. (Received February 23, 5.5 p.m.) A. and N.Z. * LONDON, Feb. 22. The Admiralty has invited tenders for 944,0001b of canned corned beef. Tenders are returnable on April. 12 and final delivery must be made in December. • PUBLIC TRUST OFFICE. LAST MONTH'S BUSINESS. The following are particulars of the loan transactions of the Public Trust Office and new bqsiness reported during the month ended January 31;— The amount paid out in settlement of new loans was £80,603, making a total of £2,153,472 since the beginning of the present financial year on April 1 last. Further new loans to the amount of £57,620 were granted,, making the .total of new loans awaiting settlement £627,344. while offers of loans less than the full advances applied for amount to. £167,903 — a grand total of £795,237. Applications for additional new loans amounting to £434,316 are now under consideration. The new business for the month was extraordinarily good and its volume has not previously been equalled. Estates and funds were reported to the value of £854,483, making the total new business for the ten months from April 1, £5,409,535. This shows an increase over the corresponding period in the previous year of £1.244.485. NEW ZEALAND TARIFFS. EVIDENCE OF BENEFIT. (Received February 23, 8.5 p.m.) A. and N.Z.-Sun. LONDON, Feb. 22. The British Trade Commissioner to New Zealand, Mr. L. B. Beale, says he has received many evidences of the benefits of the Dominion's new tariffs His visit to to British Industries Fair has convinced him that British trade is far in advance of that of other countries in regard' to quality. He is also struck by the moderate prices, , AUSTRALIAN PRODUCE. (Received February 23, 9.40 p.m.) A. and N.Z. SYDNEY, Feb. 53. The follo'wing are to-day's prices on the Sydney produce market: — 'Wheat.—At country stations, 4s 6£d; ex truck, Sydney, 5s 2d. Flour.—Local, £l2 10s. Export trade slow and prices not quoted. Bran.—£6 10s. Pollard. —£8. Maize. —Local, yellow, 4s. Oats. —Tasmariian, white, 4s 9d; 'Algerian, 4s 9d to ss. Potatoes. —Tasmanian, £6 to £7 10s. Onions. —Globfis, £l6. - Adelaide prices are; — j / Wheat. —Growers' lots, 5s Id. Flour. —Bakers' lots, £l3 2s 6d. Bran. —£6 15s. Pollard.—£7 7s 6d. Onta.—3s 3d.

CALCUTJA TEA SALES. (Received February 23, 9.40 p.m.) A. and N.Z. CALCUTTA, Feb. 22. At the Calcutta tea sales to-day there was brisk demand. A little clean common tea was offered at about half an anna cheaper than at the previous, sale. Brokem Pekoes realised 12 anrias 6 pies, and broken Souchong about 11 Dusts were rather easier. Orange Pekoe, 13 annas to. 13 annas 6 pios; faunings,. 11 annas to 12 annas 6 pies. SOUTHERN EXCHANGES[Bit TELEC3RAPH. —PBKSB ASSOCIATION.] WELLINGTON, Thursday. The following sales wore made on the Stock Exchange to-dpy:—New Zealand Government per cent., Inscribed Stock (1939), £97 ss; Now Zealand Breweries (bonds), £1 3s 3d. CHRISTCHURCH, Thursday. The following sales took place on the Stock Exchange to-day:—New Zealand Government bonds 4 A per cent,, 1938, £97 7s 6d; Bank of New Zealand, 58s 9d; Union Bank of Australia (new), £l4 14s 6d; New Zealand Refrigerating (con.), 7s 8d (two); Mount Lyell, 30s 6d? Carlton Brewery (cum div.), 48s; Staples Brewery, 37s 3d. ■DUNEDIN. Thursday. The following sales took place on the Stock Exchange to-day:—Ward and Co., 37s 6d; National Bank of Australasia, (£5 pd.), £8 18s 6d; Bank of New Zealand 58s 9d; New Zealand Breweries, 42s 3d; Staples Brewery, 37s 3d.