COMMERCIAL.

Star (Christchurch), Issue 20000, 16 July 1920, Page 8

COMMERCIAL.

AUSTRALIAN WOOL. fßy Telegraph—Pr«s« AgEo.y.Rtinn—Ccpyiightj Amlrelmn and N.Z. Cable Associate)*. I (Received July 16,* 10.5 a.m.) j LUNcun, .July 15. 1 The Board of Trade ouuuuu lias published j details oi tho scheme oi the (Jomiuuiaweaiia j iiuivau lot coiiveruug v/ooi into textile ; gooui. Yorkshire "Post” states that if tho project is earned into effect the results m the United Juugdom, especially m the West Hiding will be revolutionary, as the British woollen industries will be deprived of tho major portion of their’raw materials. *But the very magnitude of tho scheme may cause it to bo received with more interest than alarm in this country. Yorkshire " Observer,"' v/hilfc strongly opposing the proposal, admits that- the schema was launched at a time when tho conditions in its favour arc moio propitious than they havo over boon, or nro likely to bo again after Europe is restored. The "Observer” concludes that so long as the conditions, in Europe are such that while the United Kingdom machinery obtains ample supplies, there is nevertheless r surplus beyond its requirements, which is not taken by Continental consumers, the greater will bo tho inducement to Australians to establish a plant to manipulate their wool. SHEARERS AND PASTOR. ALISTB. Austraban and N.Z. Cable Association. (Received July 16, 10.10 a.m.) MELBOUHNE, July 16. Mr Blakeley, president of the Australian Workers' Union, has announced that an agreement • has been effected with the pasin South Australia, Victoria and -,ew South Wales providing for £2. per • hundred for shearing and, largo increases j to (hed hands, cooks and Wool pressers, also a forty-four hour week. The central and western districts of New South Wales are not included in the agreement. AUSTRALIAN MARKETS. AvutraHan and ,K.Z. Cable Association. (Received July 16, 10.10 a.m.) MELBOURNE, July 16. Hides—The market is firm, being Jd to Jd better all round. » Barley—English 7s Od to 8s; Cape 7s to 7s 3d. Oats—Algerians 5s od'to 6b ,6d. Potatoes—£l2 to £l3. Onions—£l2- 10s to £l3. STOCK EXCHANGES. CHRISTCHURCH. Following are the latest quotations:— Buyers. Sellers. __ ’ £ s d £ s d DEBENTURESN.Z, Government 4$ , per ueilt Boud^, 1038 • 9R ft n BANKS- ’ 0 Australasiu . . f)2 0 0 National of Neiv Zca- .... G 17 0 Unmn of Australia (emn div.) . . 13 IT C LOAN AND AGENCjI Goldsbrough . iiort (Melbourne) . .2 7 0 2 8 0 N.Z. Loan and Mercantile (ord. stock) . JO7 0 0 Permanent Investment 9 2 6 SHlPPlNG-jiuddart-Parkcr . . ‘M7 0 FROZEN MEATCanterbury * , It 10 N.Z. Refrigerating (£1 paid), cum div. . 2 3 0 2 9 0 N.Z. Refrigerating (10s paid), cum div. , 16 3 COAL-Westport-Stocktou . 0 9 0 WOOLLENSKaiapoi (cum rights) 22 0 Kaio.poi, cum rights (pref, r re div. only) 1 10 0 Kaiapoi, rights . .0 7 6 0 3 6 Mosgiel ... 700 OASTimaru . . . 610 0 MISCELLANEOUS— Beath and Co. . 1 IB 0 Burns, Philp (Sydney) ... 200 Mason. Struthers (Us paid) . . . 019 6 N T l-’a— icrs’ Co-op. (£2 paid) . , . «2 9 0 210 0 N.Z-.-Sugar of Milk . 2 6 6 Wbifrnmbe and Tombs 317 6 MININGWnihi. ... 200 . Ra'e reported—New Zealand Farmers’ Cooperative (G per cent cum pref.), £3 ss. OTHER EXCHANGES. [Pr.n Press AsßonxiTTny.' AUCKLAND. July 16. Sale on 'Change—Auckland 6ns, 975. DUJfEDIN, July IP. ! Sale on ’Change—New Zealand Loan and Mercantile, £lO-1. . WELLINGTON July 16. Reported Sales—Bank of New Zealand, £2." IGs and £25 17s Cd.