SYDNEY WOOL SALES

New Zealand Herald, Volume LXXI, Issue 21899, 7 September 1934, Page 7

SYDNEY WOOL SALES

MARKET STILL FIRM JAPANESE COMPETITION (Received September 6, 9.15 p.m.) SYDNEY, Sept. 6 At the Sydney wool sales to-day, 8784 bales were offered and 7248 were sold. Also 2631 bales were sold privately. There was good. Japanese competition well supported by . Yorkshire and to a lesser extent by the Continent. The market generally was equal to the best rates of" the week for all well-grown wools, but there were some withdrawals of heavy, dusty fines for which competition was restricted. Greasy Merino made to 16d. The average price of new clip wools in the greasy section on the first three days of this week was £l3 3s 8d a bale or lOd a lb. - DAIRY PRODUCE PRICES MARKET FAIRLY STEADY Only minor variations have occurred in the quotations for New Zealand butter on the London market. Merchants have received the following cablegrams from their London houses, dated September s: Joseph Nathan and Company, Limited, from Trengrouse and Nathan: — Butter: Finest, 78s; seasonable margin is appearing- in first grade, which is now 765. Cheese: White, 495; coloured, 45s to 45s 6d. Both markets are quiet but steady. The New Zealand Lean and Mercantile Agency Company, Limited: — Butter: 78s to 795. There is very little business doing, but the market is firm. Cheese: White, 48s 6d to 495; coloured, 4os to 45s 6d. The market is steady. A. H. Turnbuli and Company, Limited, from W. Weddel and Company,. Limited. —Butter: Danish, 106s; NewZealand salted, 75s to 78s; Australian* 73s to 755. The market is steady. Cheese: White, 47s 6d to 48s 6d; coloured, 44s 6d to 45s 6d. The market is quiet. GOLD AND SILVER QUOTATIONS IN LONDON (Received September 6, 7.35 p.m.) , , LONDON". Sept. 5 Fine gold is quoted to-day at £7 0s 6Jd an oz., compared with £7 0s IOJd yesterday. ; Silver is quoted at 21 |d an oz. spot, and 21 11-16 d forward, compared with 21 id and 21 IS-16d yesterday. The quotation for silver at per fine oz. is 23 5-16 d, compared with 23|d yesterday. GENERAL FINANCE, LTD. UNCHANGED DIVIDEND The net profit of General Finance, Limited, Wellington, for the year ended July 31 was £856. A sum of £lsl was' brought forward and out of the £IOO7 available the directors recommend a dividend at the unchanged rate of 5 per cent, absorbing £487, the transfer of £3OO to reserve, increasing it to £IOOO, and to carry £220 forward. The paid capital of the company is £IO,OOO in shares of £l. The company's authorised capital was increased from £20,000 to £IOO,OOO during the year and provision was made for an issue of £IOO,OOO of debentures. CALL AND DIVIDEND LIST Dividends— Dae Elec. Zinc—ord.. annual. 4 PiC.; pref., 8 p.c. p.a. ~. . To-day Huddart-Parker, Ltd.—int.. ord. and pref., 3 p.c. _ ... Sent. 13 Broken Hill South—int.. Is 6d \- > a share .. .. . • ... Sept. 15 King Solomon —fifth, 3d a share Sept. 15 N.Z. Drug—interim. 3i p.c. .. Sept. 22 Bank A'aaia —interim; 3s Gd (sterling) a share, lees tax at 4s 6d in the £ .. . . . • Sept. 28 North Broken Hill—final. Is 6d bonus, Is a share . . ... Sept. 28 Auck. Farm. p.c. . . Sept. 28 British Tobacco—quarterly, H p.c.. making Go.c. for year Sept. 29 Milburn Lime-7-final. 5 p.c. .. Sept. Dunlop - Perdrian—ord.. 5 p.c. r pref., final, fi P.c. >. . • Oct. Northern Roller Mills—ord., 1933 issue, third, 5s a share To-morrow