COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18253, 23 November 1933, Page 11

COMMERCIAL

NEW ZEALAND WOOL SALES JAPANESE COMPETITION From present indications, Japan will be an active competitor with Bradford and the Continent at the New Zealand wool sales, which will open at Auckland on Monday. This opinion was expressed by Mr. YY. ,T. Coss, a representative of a Japanese firm of wool buyers who has just ar rived at Auckland. He expected a rise in values, in sympathy with those in Australia, where' Japan was a consistent buyer. The Auckland catalogue has closed at about 23,000 bales. The limit imposed was 25,000 bales. Wool sold in Australia during the period from July 1 to October 31 total-, led 814,673 bales, which realised

£14,568,531, the turnover showing an increase of 50,952 bales, and the amount realised an increase of £5,641,989, compared with the similar period of 1932. The extent of appreciation in wool values is shown in the following particulars of turnover during the JulyOctober period on five seasons: — Bales Vaiue £ 1929 498,950 6,897,285 1930 ... 617,444 6,689,996 1931 I!.' ... 647,856 6,898,960 1932 ... ... 763,621 8,926,542 1933 814,573 14,568,531 THE SHARE MARKET (Per Press Association.) AUCKLAND, this day. Sales on ’Change: Mataki, Is 8d; Gillespie’s Beach, Is lid; Grand Junction, 4s 4d; Auckland Gas, con., 17s 3d; Dunlop Perdriau, 19s 4d; Bank -of New Zealand, 47s 6d; Government Stock, 4 per cent, £lO2, £lOl 15s; Christchurch Drainage Board, 5$ per cent, £lO3. WELLINGTON, this day. Sales on ’Change: National Bank of New Zealand, 83s Gd; Southland Meat, cont., 325. . CHRISTCHURCH, this day. Sales on ’Change: Commercial Bank of Sydney, £l7 6s, £l7 ss; Bank of New Zealand, cum. div., 47 6d; Standard Insurance, 60s 6tl; Goldsbrough Mort, 30s Id (3); United Building Society, 17s 9d; Mt. Lyell, cum. div., 22s Id; Aotearoa, Is Hooper, 9d pd., llid; Mahakipiuva, Id; Okarito, 10s 3d. 10s 2£d. DUNEDIN, this day. Three and a-half jiier cent, stock, 1933 and 1952, £IOO 7s 6cl; 4 per cent, bonds, June 15, 1955, £lO2.