COMMERCIAL

Poverty Bay Herald, Volume LIII, Issue 16500, 18 November 1927, Page 12

COMMERCIAL

SYDNEY WOOL SALES. (Elec. Tel. Copyright—United Press Assn.l SYDNEY, Nov. 17. At the wool sales, for all fine fleece wools, there was a keen market and prices were firmly maintained. Similar conditions applied to all skirtings, comebacks and crossbreds. Medium quality, irregular, dusty and tliin lines, however, met with less competition, and prices ruled slightly in buyers' favor. Greasy merino sold to Slid. AUSTRALIAN PRODUCE PRICES. SYDNEY, Nov. 17. Wheat, at country stations, 4s Sid, ex. truck Sydney os 4d; flour, local £l4 ss, export £.12 f.0.b.; bran £7; pollard £7 10s; oats, Tasmanian Algerian 5s 3d, white 4s Od;; maize, yellow, 4s Od lo ss:; potatoes, Tasmanian. £3 30s to £5, local, new £11; onions, Victorian, £0 to £O. ADELAIDE, Nov. 17. Wheat, growers’ lots, old 5s 4d lo 5s sd, new 5s Id to 5s 2d; flour, bakers’ lots £l3 12s fid; bran £7 15s; pollard £7 7s fid, oats not offering, MELBOURNE HIDES SALES MELBOURNE, Nov. 17. At the hides market strong values generally obtained, at from |d to id per lb. dearer. CALCUTTA TEA SALES. (Australian and N.?. Cable Association.) (Received Nov. ,18, 10 a.m.) CALCUTTA, Nov. 17. At the tea sales yesterday the demand was less keen except for good liquoring sorts, which maintained the previous week’s values. Poor and medium descriptions declined 3 pies, while dusts advanced 1 to 2 annas. Average prices were: Common Pekoe Souchong, 13 annas 6 pies to 13a. 9p.; cheap common broken Pekoe Souchong, 14a. 6p. to 14a 9p.; even black leaf Pekoe, 14a. 6p. to 15a.

WESTPORT COAL COMPANY The annual report of the Westport Coal Co., states that the total profit for the year amounted to £47,499 15s 2d, while'the balance, after payment of Is per share, was £24,999 15s 2d. Out of this the directors propose to pay a dividend of 6d per share for the half-year ended September 30, 1927, and to carry £13,749 15s 2d forward to next year’s account. It is also proposed to pay 6d per 'share from the insurance account. The mines and plant have been maintained in the usual state of efliciency. Messrs. (1. L. Denniston and Crosby Morris • v retire from the board, hut offer themselves for re-election. The auditors, Messrs 0. 11. Ktatham and .1. S. Hislop, also retire, and offer themselves for reelection. *