LONDON WOOL SALES

Sun (Auckland), Volume III, Issue 664, 16 May 1929, Page 10

LONDON WOOL SALES

REVIEW OF THE SERIES VALUES SOMEWHAT WEAKER j (Australian and N.Z. Press Association) i Reed. 10.15 a.m. LONDON. Wed. The wool sales have closed. Of tlie ; catalogued 313,977 bales it is esti- ! mated that the amount sold to Home buyers was 20.000 bales: to the Conti - j nent 52,000 bales; held. 42,000 bales, j Competition throughout was some- ! what restricted. On the whole prices j did not show severe fluctuations, but * there was some weakening toward the close compared with March values. ' Merinos, finest. were changed: ! broad-haired, par to 5 per cent, easier; : scoureds, unchanged, except best type Queensland and New Zealands, which wkere about 5 per cent, higher. Greasy crossbred and fine were about i 5 per cent, easier. Lower grades were ] slightly in buyers’ favour. All classes of scoureds were unchanged. Of lambs’ wool, Merino was par to 5 per cent, easier, and crossbreds firm and unchanged. New Zealand prices: G.8.K., 16d top price, ISJd ayerage: Tunituki, 17d, 16d. SOUTHERN EXCHANGES YESTERDAY’S SALES Press Association Wellington.—New Zealand Government 51 per cent. Stock, 1941, .£100; National .Bank of Australasia, £l9 15s; Burns, Philp, and Co., 465; Gasco Bricks, 32s 6d; Mahakipawa, Is. Christchurch. —New Zealand Government 51 per cent. Inscribed Stock, 1930, £100: Borough of Invercargill 6 per cent, debentures, 1934, £103: Bank of New South Wales (cum. div.), £sl 15s: Bank of New Zealand, 625; Goldsbrough Mori. 52s 9d; United Building Society, 15s lOd (two parcels); New Zealand Breweries, 63s lOd (two parcels); Mount Lyell (cum. div.), 43s 9d (two parcels); New Zea- j land Farmers’ Fertiliser (cum. div.), 22s 1 sd; Mahakipawa, Is; New Zealand Gov-* eminent 4i per cent. Inscribed Stock, 1939, ■ £IOO (two parcels); Colonial Sugar, £SB 12s 6d; Dunlop Rubber. 27s 9d; Timaru Brewery, 14s 3d. Dunedin.—Kildare, 3s 7d: Standard Insurance, 64s Od; Bank of New Zealand. , 625. LONDON TALLOW SALES (Australian and. N.Z. Press Association) | Reed. 13 a.m. LONDON, Wednesday. At the tallow sales, 817 casks were offered and 282 sold at 6d decline. Prices; Mutton, fine 42s 3d, medium 37s 6d: beef, fine 42s 6d, medium 37s 6d. AUCTION NOTES Messrs. Thbt. C. Carr and Son will sell by am ii</. at their rooms, 20 Swan- . son Street, u.-morrow, at 12 noon, a 5- i roomed modern bungalow, kitchenette, i and all modern conveniences, situated at ! Altham Avenue, Mt. Albert. The sale is under conduct of the Registrar of the Supreme Court, and at the request of the mortgagee. MINING NEWS WAIOMO SULPHIDE CORPORATION. —The manager reports: The north drive on the Zeelian reef, at No. 5 level, has been extended feetl in payable ore. The reef is four feel. wide. The drive is now under the main range at a depth of about 600 feet. Preparations are being made to rise through the chute of high grade ore to connect with No. 2 level and make accessible a large tonnage of milling ore. The construction of the milling and concentrating plant has been resumed and should be completed by August next. A Tangye suction gas plant, to drive an air-compressor capable of operating four rock-drills, simultaneously, has been purchased, and is now being installed. This plant will accelerate the development of blocks in preparation for milling.