COMMERCIAL.

Stratford Evening Post, Volume XXXII, Issue 93, 19 April 1912, Page 4

COMMERCIAL.

LONDON WOOL SALES. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house under date, 16th instant:— London Wool Sales; 2nd Series.- — The sales progress steadily. For coarse greasy crossbred and crossbred slipe, the market is firm with upward tendency, but is irregular for fine and medium greasy crossbreds. America is buying suitable lots of crossbred. (Received 19, 9 a.m.) London, April 18. Wool Sales.—Following are the prices realised for the fleece portion of the clips named; —Gwavas, top 101 d, average Nikau Hid, lOd, Titi Hid, 103 d. MELBOURNE PRODUCE. (Received 19, 9.10 a.m.) Melbourne, April 19. Wheat, 4s 2d to 4s 2id; flour, £9; bran, £6 5s ; pollard, £6 15s; barley, seed, 7s; malting, 6s to 6s 4d; Cape, £4 10s to £5; oats, Algerian, 3s 5d to 3s 5 Id; feeding, 3s 3-id to 3s_ 4d; maize, £4 to £4 10s; potatoes, £7 5s to £8; onions, £ll to £ll ss. BANK OF AUSTRALIA. (Received 19, 8.55 a.m.) London, April IS. The Bank of Australia profits are £124,617. A dividend of seven per cent, is declared, and a preference dividend of five per cent, on ordinary shares. A sum of £30,000 is added to reserve, £2OOO to the provident fund, and £25,042 is carried forward. T. LA MASON’S WEEKLY REPORT. A fairly good entry of birds, vegetables, etc., came to hand at my last sale, and prices were very satisfactory. 1 quote as follows:—Cockerels, Is to Is 9d; hens, Is Id to Is 9d.; roosters, Is to 2s (id; pullets, 2s to 3s; chaff, £2 to £3 per ton ; potatoes, 3s Gd to 10s 6d. Only a limited supply of fruit came in, apples bringing Is 6d to 4s, pears 3s to 4s, tomatoes Is to ss, quinces 2s to 2s 6d. Furniture, etc., at usual auction rates. Mr. A. Spence desires to thank the public for their liberal response to his efforts in connection with the great relinquishing sale which he is now running for the purpose of quitting his out're stock, prior to the expiry of his lease shortly. He desires, also, to state that, though the volume of business done lias been very large, it is but a drop in the bucket. There is still an immense stock of high-class drapery and clothing to dispose of. and now goods are still arriving, and the whole has been, and is he’ng. subjected to the same drastic reductions in prices. It is an absolute fact that the proprietor is selling the goods at prices which hardy allow a margin for expenses, his one aim being to convert the whole stock into money, and so save removal expenses. x