MELBOURNE WOOL SALES

New Zealand Herald, Volume LXX, Issue 21640, 4 November 1933, Page 7

MELBOURNE WOOL SALES

HARDENING TENDENCY

JAPAN'S BIG PURCHASES

MELBOURNE, Nov. 3 At tiie Melbourne wool sales to-day there was a further hardening tendency in prices. Competition was exceptionally keen. The comeback crossbred section was practically nil taken by Japan at prices equal to the highest point of the season. Approximately 06 per cent of the 822S bales offered were sold. The best price of the day was 23d a lb., paid for Merino. WEEK'S SYDNEY AUCTIONS RANGE OF THE PRICES SYDNEY, Nov. 3 Wool prices current at the week's sales were: —Greasy extra super Merino fleece, 27.Jd; best, 22d to 2.3d; good, lOd to 21d; average, lGd to 18(1; light seed or burr, best, 19d to 20d; good, 17d to 18d; average, 15d to lGd; burrv, best, 16d to 16.Jd; average, 14d to 16d; inferior, 12d to 13d; broken and pieces, best, to 20d; good, to 17Jd; average, 14Jd to 15{d; lamb, best, to ISJd; good, lid to 12d; average, 8d to 9d; comebacks, best, 193 d; good, 16d to 19d; average, lid to 15d; erossbreds, best, to 20} d; fine, 14(1 to 17d; medium, 10d to lid; coarse, 5d to 6d.

BRADFORD TOPS MARKET RATES FIRMER LONDON, Nov. 2 The Bradford tops market is firmer and there is considerable business. Following are to-day's quotations and those for the three previous weeks: — Oct. Oct. Oct. Nov. 12 19 20 2 Per lb. Per lb. Per lb. Per lb. <1 d d d Seventies . . 3! 35 35 35 Sixty-fours . . :(3 33'/j 33'. j 34 Sixties .. 31" ; 31 V~ 31'/i Fifty-sixes .. 22' 2 -2' j 2't 23Vi Fifties . . In 1 a 15V a 15% IG/j Forty-sixes . )I' 2 11','a 11 1 -3 12 Forties . . 10% lO'/i 10',, lO'/j PRICES OF METALS TIN SLIGHTLY FIRMER (Received November 3. 9.15 p.m.) LONDON, Nov. 2 Following are to-day's quotations 011 the London metal market compared with those of November 1: Nov. 2 Nov. 1 Per ton Per ton £sd £ b d Copper, stan., spot . . 32 10 7} 32 13 9 Copper, stan., 3 mos. 32 13 ij 32 10 101 •Copper, electrolytic . 3G 0 0 30 0 0 to to 37 0 0 37 0 0 Copper, elec., wire bars 37 0 0 37 0 0 Lend, soft, spot .. 1110 0 1113 9 Lead, soft, forward .. 11 17 0 12 1 3 Spelter, spot .. .. 15 11 3 15 11 3 Spelter, forward . . 15 18 9 15 18 9 Tin, stan., spot . . 224 10 3 224 10 0 Tin, stan., 3 mos. . . 224 8 9 224 5 0 * * American 8 cents a lb., same as on November 1. TIN STATISTICS LONDON, Nov. 2 The statistical position of tin at the end of October, compared with August and September, was as follows: — Aug. Sept. Oct. Tons Tons Tons Visible supplies .. 33,120 29,892 27.03S Straits carry-over . 0,030 4,712 4,231 Supplies . . . . 7.150 5,138 G.BIO Deliveries .. .. 11.714 8,372 9,070 KAURI TIMBER CO.

PAYMENT OF DIVIDEND 2 PER CENT RECOMMENDED Tho Auckland office of tho Kauri Timber Company, Limited, has received advice from the head office, Melbourne, lhat tho directors announce that, subject to audit, they have resolved to recommend a dividend of 2 per cent for the year ended August 31, 1933. Owing to the depression in tho timber trade the company incurred losses oi £10,408 in 1931 and £26,022 in 1932. A dividend was last paid in 1930, when 2} per cent was distributed, requiring £18,750, which was not covered by the profits earned that year. The anticipation of better results this year has been reflected in a riso in the company's shares on tho Stock Exchange recently. Tho capital of tho company is £750.000. OIL AND SOAP COMPANY REDUCTION IN PROFIT DIVIDEND Is 3d A SHARE After providing £lO-13 for depreciation and £2OOO for income tax, tho accounts of the Union Oil, Soap and Candle Company, Limited, for the year ended September 30, show a net profit of £-1076, a reduction of £IIGI on last year's amount. With £1403 brought into the accounts there was £0139 n\ailable. Out of this the annual meeting of shareholders has approved of a final dividend of 9d a share, making with the interim dividend of 6d a share previously paid, Is 3d a share for the year. Tlin year's dividend requires £4OBB, leaving £1451 to be carried forward to next year's accounts.

The annual meeting of shareholders was held yesterday and the dividend is payable forthwith. Tho retiring director, Mr. 10. W. Evans, was re-elected and Mr. 11. IJ. ,T. Short was appointed auditor. Last year the company paid a dividend of Is Gd a share. * MELBOURNE HERALD INCREASED PROFITS SHOWN (Received November 3, 9.15 p.m.) MELBOURNE, Nov. 3 The balance-sheet of tho Herald and Weekly Times, Limited, shows a profit for the year ended September .'SO, including investments of £l-19,683. This is £12,253 more than in tho previous year. Dividends recommended aro GJ per cent on preference share? and 10 per cent on ordinary shares. NORTH BROKEN HILL DIVIDEND AND BONUS [IJY TELEGRAPH —PRESS ASSOCIATION'] WELLINGTON. Friday North Broken Hill, Limited, has advised the Stock Exchange Association that tho directors have declared a dividend of Is a share, together with a bonus of Gd a share, payable in Melbourne on December 12. This is the second dividend announced since the company's year ended on June 30, during which 15 per cent was distributed in three dividends of Is each. The last dividend, pai4 <>u September 2D, was Is a share.