LONDON WOOL SALES.

New Zealand Herald, Volume LXV, Issue 20111, 23 November 1928, Page 11

LONDON WOOL SALES.

; MARKET REMAINS FIRM. keen; competition rules. Australian and N.Z. FAss Association. (Received November 22, 5.5 p.m.) < LONDON, Nov. 21. At -tlio London wool sales to-day 10,561 bales were offered, of which 6094 were Australian and 3151 New Zealand. There, was an excellent selection- of . greasy Merinos suitable to all sections of the trade, a large offering of slipes, but a small supply of other sorts. Keen competition at the opening rates was maintained. Clips named sold as follows"Terrick," 26Jd to 24d; " Bugewong," 21£ dto 19£ d; "Wcilmoringle," 24£ d to 23d; "Bangate,"' 25£ d to 23jd; " Mosgicl," 21J,d to 19d. Scoured wools: " Eddington," 47d to 44jd; "Mount Cornish," 44jd to 41d; " Wingadeo," 41d to 39jd; " Dagworth,'.' 41d to 37d. A New Zealand clip of greasy wool, " Kapiti," sold at ljjd to 15dT MARKET IN SYDNEY. PRICES SHOW NO CHANGE. Australian and N.Z. Press Association. (Received November 22, 11.15 p.m.) SYDNEY, Nov. 22. At Die Sydney wool sales to-day—the closing auctions of the week—there was a market. Prices were unchanged. There was again particularly strong demand for fine quality lines. Greasy Merino sold to' 31jd. The bales totalled 13,103. WESTPORT COAL COMPANY, FINAL DIVIDEND DECLARED. [Bl r - XEI.FGRAPH.—OWN COIUIESI'ONDENT.] DUNEDIN. Thursday. At the annual meeting of shareholders in the Westport Coal Company, tlie report and balance-sheet, which provided for a final dividend of Is 3d a share, making 2s 3d for the year, were adopted. The retiring directors, Messrs. Edgar Hazlett and James Begg, were re-elected, and Messrs. C. H. Statham and J. S. Hislop were reappointed auditors. All the speakers made special reference to the hopes that were entertained for an improvement in the industry, as a result of the developments that were taking place for the better utilisation of coal, either in .its pulverised form, or by distillation at low temperatures for the extraction ; of the valuable oils and the manufacture of smokeless Kiel. The company last year paid an interim dividend of Is a share, a fin.il dividend of 6d a share, and a bonus of 6d a share paid from the insurance account. The dividend was equal to 7£ per cent. In 1926 the dividend was 10 per cent.

BRITISH MOTOR FIRMS. BIG MERGER SCHEME. (Received November 22, 5.5 p.m.) British Wireless. f RUGBY, Nov. 21. Details are published of a proposed merger of threo motor manufacturing .firms, namely, tho makers of tho Humher, Iliilman and Commer cars and vehicles. The two first-named companies have factories near each other at Coventry. The Commer firm at Luton makes commercial motor-vehicles. Humbers are to bo tho holding company. The capital of the new combine is to .be 'about £1,250,000. The* shareholders in tlio Hil'mari firm, a private ono, and those of the Commer concern, have agreed to flio -merger and the proposal is now before tho Hurtiber shareholders. LONDON DAIRY VALUES; BUTTER MARKET STEADY. The New Zealand Loan and Mercantile Agency Company, Limited, yesterday received the following cablegram from its London 'house:—Butter:. New Zealand choicest salted, 180s; market steady. Cheese: 103s to 105s; market quiet. Joseph Nathan and Company, Limited, received tho following cablegram from its London house. Messrs. Trengrouso and Nathan: —Butlejr: 175s to 179 a: market steady. Cheese: White, 104s; coloured, 102s; market weak. TARANAKI OILFIELDS. Reporting for the week ended November 17, Taranaki Oilfields. Limited, state: Gisborne No. 2 well drilled to 1895 ft. in shale, lOin. diameter; casing to 1875 ft. PROPERTY SALES. William A. Home. Limited, will offer at auction at their rooms, Home's Buildings, at one o'clock to-day, by order of the first mortgagee, dwelling at 7G, Lincoln Street, on section 33ft. x 100 ft.: by order of tho second mortgagee, five-roomed dwelling at 49, Malvern Road, Morningside- also shop and dwelling of six rooniß at 359-341, New North Road. Kingsland. ' T. Mandeno Jackson will offer at auction at their rooms, 9, Commerce Street, at 11 o'clock to-day, property known as Thornleigh, 6, St. George's Bay Road. Parncll, comprising ihrec-storeyed residenco of 15 rooms with freehold section 90ft. by average depth of 135 ft.; two-storeyed house of nine rooms on corner section with frontage of 90ft. to Westbourne Crescent and 114 ft. to Portland' Rond, Rcmuera; and under conduct of the Supremo Court,, at the request of tho mortgagee, nix-roomed dwelling on section 33ft. x 98ft., at 31, Fleet Street, off Virginia Avenue, Eden Terrace. C. F. Bennett, Limited, will offer at auction nt their rooms, New Zealand Insurance Buildings, nt noon to-day Under instructions from tho flenerul Trust Board of tho Diocese of Auckland, 5 freehold sections in I'ortago and Hokonui Ronds, Otahuhu, adjoining Otahuhu vicarage; and a seaside boarding house and store at Brown's Bay, comprising dwelling of 18 rooms and outbuildings, on freehold section of 3 acres approximately. Roberts and Company will offer at auction at noon to-day, on the property, freehold property in Eliot Street, comprising frontage to .Eliot Street of about 29ft. x lOSft., with 2-storeyed brick warehouse; and two freehold vacant allotments with frontage to Albert Street of about 57ft. by 108 ft. I'alethorpe and Parkes will offer at auction at their rooms at 11.30 to-day, farm properties at Raglan. Taupiii, Waiheke, etc.; properties nt rnkapuna and Birkenhead, residential section, Epsom, and freehold in llobson Street; also under conduct of the registrar of the Supreme Court, five-roomed residence at 39, Mount Albert Road. Samuel Vaiie and Sons, Ltd,, will offer nt auction at their rooms, at 2 p.m. to-day:—G-roomed bungalow, The Drive, Epsom; 5-roomed residence, tho Esplanade, •Kohiniarama; farm of 18 acres in Hepburn Road, Glen Eden; loaseliold section in Dromorne Road, Reinuorn; at tho requesl'of tho mortgagees, 6-roouied villa on leasehold section, 11, Sarawai Street, Parnell; 5-roomed bungalow on sootion of lr 30.5p, in Clayburn Road, Glen Eden; and 5-roomed house at 21, Newell Street, Point Chevalier. Alfred Buckland and Sons, Ltd., will offer at auction at their Ilaymarket land sale rooms, at 2,30 p.m. to-day, 7-rooined dwelling nt 3, Poto Road, Remuera, and 4roomed dwelling .at 78. Taumata Road, Edeudnle.

MATAMATA STOCK SALE. ( i Dalgety and Company, Limited, conducted the weekly stock sale at Matamata oil Wednesday. Prices were:—Beef cattle: Fat cows, £8 5s to £9 17b Gd; fresh-conditioned cows, £G 12s to £7 Its- stores, £3 5s to £4 17s Gd; four-year-old Hereford Eteers, £l2 IGh; fonr-yoar-old Shorthorn steers, £lO Is to £lO 6s; 15-montli Shorthorn steers, £G lGs; Jersey bulls, £7 to £l3. Dairy cattle: Cows, £ll 5s to £l2 10s; heifers, £lO to £ll 10s. Pigs: Best bac.Qiiers, £'2' 12s to £2 18b; best porkers, £2 5* to £2 12s; light porkers. £2 tq £2 Us; good stores, .'ilis to 38s; slips. 25s to 295; best wcaners, 15s to £1 Is; others, 7s Gd to 12s.