SYDNEY WOOL SALES.

Press, Volume LXII, Issue 18888, 31 December 1926, Page 12

SYDNEY WOOL SALES.

FIVE MONTHS' REVIEW. .MARKET CLOSES FIRMLY. ■TO:; oT'!> OWN COBEE6PONDKNT.) sVDXhIY, December 21. Th. lirst half of this year's wool sales lr.i ben completed, and interesting J revi'-wt of th<■ market position have j bc-n compile-']. These generally bear j out the coiiK-ntion voiced when the . ipj'on op'lied that the 1H26-27 clip v. oiiM ),< deposed of on a strong market I iii.'l thnt tii'-rc would be little difficulty 1 in the clip. The sales held in fjjdnt-y may l.f: taken as a fair criterion j r.f Miles throughout Australia, ami in j tin- looal m:;rket alone in live months— j li.e sales did not start until August— I £>77.730 bales have been fold, 901,202 of j Ib<-m at aii'tion. Slightly more than i r,000,000 bales have been received in j etore, so that nearly half the clip j so far received has bc-en cleared. Only j 154,021 bales of those offered at auc-, lion were paused in, a clear indica- ; ♦ ion of the world's desiro for Austral- | San wool. Nearly a quarter of a mil- j lion more bales were sold in the last j live months than in the corresponding period of last year. The value of the exports from Sydney during this period amounts to £11.344,2-I:.', or £l-5,000 less than the exports for the samo period of 1925. The United Kingdom regained its preeminence an a buyer of our wool. The following table shows the destination of our wool exports during the last five months of 1925 and 1920: j

The best feature of the auction sales Was the general and well-sustained character of the demand. Every wool-using country contributed its measure of support. Japanese were prominent in competition, and German operations woro actively maintained. There was good, solid support from Yorkshire. The French section was busy for all speciality wools, and the United States buyers were in tho market for suitable hues. The United States demand showed the greatest falliugoff, but tho closing week of the sales showed it to be stronger than at any other time of tho season.

NEW COMPANIES.

REVIEW OF AUCKLAND REGISTER. *THB PBEBS Special Service.] AUCKLAND, December 30. A brief review of the now companies, public and private, registered in Auckland during the past year, shows that there is a large end varied field open for tho investment of money, and that there is, moreover, on the whole, no shortago of funds for the purpose. New companies in 1925 numbered "Hi, but this year tho total has reached 2M, of which 195 were private and the reBaining 63 public. Tho total capital was 13,280,297, of which 11,034,657 was invested in private concerns, and £2,243,610 in public. There were two companies registered with nominal capit&lfl, one of £3, and tho ether of £7.

Bevival of Flax Industry. On glancing through the year's list what Appears to one as tho most notable fcaturo i* the great impetus giveH to the flax industry. For many years past this important industry baa been neglected, but, if one may judge from the figures in the company register, it is evident that people are now beginning to grasp tho fact that there 30 (till » great future in flax. Swamp lands, both north and south of Auckland, which bed previously been permitted to remain idle, ere now being utilised to some ext«nt for the growing of this valuable plant. The companies registered this year, both for the growing and milling of flax, numbered 12, of which five were publio and seven private. Their capital totalled £103,000, of which £866,000 was invested in publio and £48,000 in private companies. There weTe lio companies, each with a capital of £IOO,OOO. Land Development. Land and iU incidentals are always sum-1 cientiy attractive for ono to reasonably expect to find companies of this kind well to th* fore. This year has. proved no exception. Companies interested in land and its development numbered 31, with oapital amounting to One publio company had a capital of £250,000, and another of £IOO,OOO. In connexion with this class, it may be of interest to note that a company ha* been formed for the developing of the Weipu Cove beach as a pleasure resort. Motors and Mining. The motoring industry, and numerous minor ones closely connected with it, must, in Auckland with its huge fleet of cars and vsaioies, call for a large amount of money. Despite the vast sums which have already been invested, no leas than £230,870 was nominally sunk in motor and kindred businesses in the course of the last twelve souths. This was divided between 27 private companies and three publio ones. Mining, in its various forms, continues to swallow up capital. There were no fewer than 12 new companies, with a capital •mounting to £205,860, registered during the period under review. Of this number aeven owed their existence to the age-old qae*t for gold. The money invested in these was £73,850. The timber and sawmilling industry called for £183,000, which was divided between five companies. In this connexion, afforestation has received a considerable amount of attention.

Eight new printing companies were formad, with a capital of £51,852. Other Companies. The majority of the remaining companies Bay be classed as merchant companies, but, at the same time, indent agents, land and •«t*U agenU, builders and contractors, ytambtrs, and electrical engineers came in tor their due share A company for providing a messenger service in the City was tegistered early in the year. Recently, a •mall one wss registered for the purposo of sWaling in film*. This was the only company having the motion picture industry as its pnma'y object. Several companies were formed for tha erection of picturo theatres sod public halls, both in the suburbs and in country districts. The three largest companies which had fbeir names entered on the register this year were the British Standard Portland Cement, Limited, with a capital of £350,000, White Jeiend Products, Limited, and Taupo Development, Limited, each with a capital of £340,000. There were five companies ■ with capitals of £IOO,OOO each, seven with capitals between £50,000 and fIOO.OOO, and 43 with capitals between £IO,OOO and £50,000. WHEAT. In eutx—nisß association—copveioht.) Urwnutus? »»» *■*■ casta ASSocTATiojr.) CHICAGO, December 30. Wheat quotstions are:—December, 136 •eats a bushel; Mar. 136,> cents; July, 130} Mttlfc,

DcstinitioD. l'.»0€. 1925. £ £ TTuite'] Kingdom .. 3,514,054 2,827,395 .. 2,737,90-2 3,634,371 t' n .. 1,C*,82.) 1,331,976 HmnanT •• .. 1,517,638 1,196,167 Belgium .. 1,207,236 1,093,969 Jt*ly United St*)* 1 * ?.50,821 503,145 268,793 702,616 Other countries 66,930 69,613 ToUl .. 11,3-14,342 11,359,252