LONDON WOOL SALES

New Zealand Herald, Volume LXX, Issue 21596, 14 September 1933, Page 5

LONDON WOOL SALES

NEXT WEEK'S OPENING BETTER PRICES EXPECTED OFFERINGS AVAILABLE * LONDON, Sept. 12 For 'the wool sales to be opened in London on September 19 the total offerings available will bo 187,000 bales, including new arrivals, Australian, 47,600, and Now Zealand, 74,700. It is expected that" about 175,000 "balos will be catalogued. Tlio Yorkshire Observer says the real test of wool values will conm at the opening of the next London sales. It is confidently predicted that prices, will follow those in Australia. There is apparently no surplus of the finer qualities of the raw material, and Bradford market traders feel that lower prices are improbable beforo the end of 1933, one believing that if consumption is maintained, .the present high level of values will continue till well into 1934. AUCTIONS IN BRISBANE PRICED MAINTAINED • BRISBANE, Sept. 12 It was generally agreed that the rates which ruled at tlie opening Wool sales were maintained at yesterday's Brisbane sales. The offering of 12,369 bales was practically cleared under, keen competition. Japanese buyers, who held off on the first'day, were active. Bradford, French and German buyers wero also bidding vigorously. The highest price for greasy was 21id and for scoured 33d, for 14 and five bales respectively: APPLES IN LONDON FAILURE. OF SEASON LONDON, Sept. 12 In consequence of the deplorable end to the applo season, the Australian Agents-General, in consultation with the Australian " Minister ill London, Mr. S. M. Bruce, have agreed to mako individual reports on the causes of the failure and then to forward a joint report. MOTORISTS' INSURANCE I NORTH ISLAND MUTUAL ' The fifth annual report of the directors of the North Island Motor Union Mutual Insurance Company for the year ended June 30 shows net premium income for the year at £65,168, a reduction of £2853 on the previous year's total. Income from investments increased by £798 to £2699. As the income was slightly lower than that for the previous year, no increments to the reserve for unexpired risks, Vhich stands at £34,011, were necessary. The net surplus for the year amounted to £3647, against £4431 for the previous year, a reduction of £784. The aceumulatod funds at the end of the year, comprising accumulated profit, £21,570, and reserve for unexpired risks, £34,011, amount to £55,581, compared with £52,084 for the year ended June, 1932. IMPERIAL CHEMICALS INTERIM DIVIDEND DECLARED An interim dividend for the six! months ended Juno 30 of percent has been declared by Imperial Chemical Industries, Limited, London, on ordinary shares, payable on December i. The dividend for the corresponding period of 1932 was 2\ per cent, arid that for the corresponding period of 1931 H per cent. TOOHEY'S, LIMITED SLIGHT INCREASE IN PROFIT ' A slight increase in net profit is disclosed in the accounts of Toohey's, Limited, brewers, Sydney, for the year ended July 31.-Net earnings amounted to £72,660 for the period, . against £72,027 in the previous yeap. The dividend is maintained At 6 per cent, absorbing £72,000. The balance added to £43,095 brought into the accounts makes £43,755 to be carried forward. Against a fall* of £19,865 in receipts to £485,045, there has been a decrease of £20,498 in expenditure to £412,385. THEATRE COMPANY'S TAXES CARROLL-MUSGROVE PAYMENTS The extent to which taxation plpyed a part in the affairs of Carroll-Mus-grove Theatres, Limited, Sydney, was revealed by the chairman, Mr. G. It. W. McDonald, at tho annual meeting last week. For the period from 1925 to 1932, said Mr. McDonald, the company had paid, on a subscribed capital of £IOO,OOO, at least £107,000 in taxation. In effect, the various Governments wero receiving more from tho company than tho (shareholders. • BARNET GLASS DIVIDEND The directors of the Barnet Glass Rubber Company, Limited, Melbourne, have decided, subject to audit, to recommend to shareholders tho payment of a final dividend for the year at the rate of 4' per cent on cumulative preference shares, making 8 per cent for tho year, and at the rate of 4 per cent on ordinary fully-paid sharos, being 4 per cent for the year. The dividends will •bo paid on October 6. Last year 3 per cent was distributed on tho ordinary sharos. These number 550,000 of £1 each ,and are held by the Dunlop-Per-driau Company LEAD STATISTICS , LONDON, Sept. 12 Statistics of lead for the United Kingdom at the end of August, compared with the three previous months, are: — May. June, July; August. i , Tons. Tons, Ton*, Tons. Import* .. 30.405 26.000 23,095 22.095 Australian . . 19,682 13,102 11,029 9,397 Exports 1,433 Oil 042 857 SALE OF CROWN SECTIONS [I'BOM OUR OWN CORRKSI'ON'DKNT] , HAMILTON, Wednesday Four Crown sections at Ohaupo were offered for sale by tho Lands Department to-day. Two we're sold at £175 oach. There were rib bidders for the remainder. VALUES FOR HORSES [from our own corrkspondent] PUKEKOHE, Wednesday At a horse fair conducted at Pukekohe to-day l?y the New Zealand Loan and Mercantile Agency Company, Limited, there was a {rood bench of buyers, and with the entry rather small, there was a particularly k<en demand for horses usefal for farm work. Light useful draughts brought from £25 to .€33: good young farm sorts, £2O to £29; lighter, £l4 to £18; aged farm sorts, £lO to £l6; hacks, £3 *loa to £6 10s.