COMMERCIAL

Poverty Bay Herald, Volume LXVI, Issue 19886, 13 March 1939, Page 7

COMMERCIAL

.*> WANGANUI WOOL SALE BETTER PRICE A POUND Of 24,719 bales of wool offered at the second Wanganui wool sale of the season, 24,357 were sold. The sale was prompt. Following are the official realisation figures, supplied by the Wanganui Woolbrokers' Association: —The proceeds of the sale amounted to £332,656 9s, an average of £l3 13s Id a bale, and 9.036 d a lb. The proceeds Of the first sale, held in January, were £362,100 17s 2d. Then 26,387 hales were sold at an average of £l3 14s 5d a bale, and 8.899 d a lb. Though the price a hale at the January sale was less than at the February fixture, the figures show that the January price a lb. was slightly higher than that at the February fixture. The reason is that the bales at the January sale averaged 3701 b. in weight, and at the February sale 3C3lb. LONDON MARKETS The Bank of New Zealand has received the following cable message from London as at the close of business this week: —"Wethers. —The market is dull. Ewes.—Trade is slow. Lambs. —There is a fair demand. The market is weaker for heavy-weights; light-weights remain steady. Quotations. —Wethers, ' light 4d to sd; heavy 3d to 33d; ewes, 2d to 3d; lambs, twos 7d to 7Jd, eights 6£d to 7d, fours to 6gd, seconds 63d to 61d." N.Z. SHAREMARKET (Per Prosß Association..) AUCKLAND, this day. Sales on 'Change: Tooths Breweries, 56s 3d; Broken Hill Proprietary, 59s 3d; Wilson's Cement, 15s 6d (3); Bank of New South Wales, £3O; Consolidated Brick, 8s 8d; Farmers' Trading, 17s 7id; Woolworths (New Zealand), 16s Gd; Government stock, 15/0/52-55, 4 per cent, £99; South British, 44s 3d; Colonial Sugar, £49; New Zealand Forest Products Special. AA. 1925 issue, £l9 10s. WELLINGTON, this day. Sales on 'Change: Woolworths Ltd., ord., 235; Bank of New South Wales, £3O; Woolworths Properties, 265; 4 per cent stock, 1949-52, £99 12s 6d (3); Commercial Bank, 16s Hid; Bank ot New Zealand, 38s 9d; G. J. Coles, 79s 5d CHRISTCHURCH, this day. Sales (on 'Change: Government 4 per cent stock, 1943-46, £9B 12s 6d; Goldsbrough Mort, 29s 3d; Grey River, 17s lid (3); Broken Hill Proprietary, con.. 46s 3d (2).