COMMERCIAL

Poverty Bay Herald, Volume LXI, Issue 18547, 6 November 1934, Page 10

COMMERCIAL

SYDNEY WOOL SALES STRONG COMPETITION SYDNEY, Nov. oAt llie wool silei'. 10,451 bales were offered, of which 0638 were sold; 1351 bales were disposed of privately. There, was strong competition from all sections, with a particularly keen demand from Yorkshire. All the best features of last week were reproduced, values being fully maintained. Greasy merino made, I.7 jd for seven bales from Parra da. The. average price of wool at tin. Sydney auctions last- week was £ls 4s l(!d a bale, or 10.2 d per lb.

DIVIDEND, 10 PER CENT

MOSGIEL WOOLLEN CO

The. sixty-first, annual report- of the Mosgiel Woollen Factory Company, Tim jfed, states that although wool values llucluatcd during the year, satisfactory results were obtained on the year s trudAftcr payment of the interim dividend on April 6 last, absorbing £3815 4s, providing £4OOO for depreciation, and transferring £2OOO to reserve, thgre remains a balance of £17.201 12s, which the directors recommend should be dealt with as follows That a final dividend be paid of 4 per cent., and a bonus of 3 per cent., absorbing £5722 16s, making 10 per cent, lor (lie year. After payment of this dividend there remains £11.478 16s to be carried forward. The dividend is at I lie same rate as Unit for last year. gold mining returns The Bell-Hooper Cromwell Gold Ltd. return tor the week ended November 2 was 550 z. lOdwt. Bgr. The Golden Sands return was 31oz. for 81 shifts of eight hours each. The Charleston return was Boz. 19 dwt. (igr. for 28 shifts during the fortnight ended November 8. Sluicing lias been conducted in poor ground, and the next return should show an improvement. The Addison’s Flat return for the fortnight ended October 24 was 85oz. for 85 shifts. The wash-up for flic period ended October 29 was Goz. 4dwt. Work at Moonlight Extended sluicing claim, which has been temporarily stopped, has again resumed. Workshop Extended reports for the' week (i-loz. ]9dwt. for 187 hours’ dredging —9120 yard's. SYDNEY STOCK EXCHANGE SYDNEY, Nov. 8. Sales on the Sydney Stock Exchange to-day included: Commomveoltk bonds, B,j per cent., 1942, £lO5 15s; 4 per cent., 1988, £IOO 12s (3d; 1941, £lO7 15s; ]941, £lO7 12s Gd; 1955, £ll2 ss; 19(31, £lll ss. Bank of New Soulh Wales, £B2 17s Gd; Tooths, 51s 9d; Anthony Ilordcrn, 16s 71d; Associated News, 255( (id; British Tobacco, 425; Broken Ilill Proprietary, 50s 9d; Colonial Sugar. £77 ss. LONDON STOCK EXCHANGE. (British’ Official Wireless.)

.RUGBY, Nov. 2.

On the stock markets interest Waslargely centred 'in foreign bond's, and fluct.ua tiqus occurred in. German bonds, 51 per cents. aiidT'pcf e'euTs. showing a. rise of over 10 points at £4B 15s a (id i£fjl Jos respectively. French bonds were firm. ‘ War. Loan, 81 per cent., was quoted at £lO5 2k Gd. Rubber made a sharp recovery to Ojjd; a pound.