TO-DAY'S WOOL SALE.

Press, Volume LXIII, Issue 19171, 30 November 1927, Page 10

TO-DAY'S WOOL SALE.

HIGH-CLASS CATALOGUE. FIRST OFFERING OF FINE WOOL The four wool sales held in the North Island so far this season represent, approximately, an offering of something near 80,000 bales, or, practically near one-sixth of the Dominion clip, in this quantitv there was very little merino and half bred wool, the class that buyers showed tho most anxiety for. At today's sale at the Caledonian Hall, however, buvcrs will have the first real offering "of this class, as a glance througu tho various catalogues shows a heavy preponderance of halfbred and Corriedale, with a fair number of merino lots. The keen market in the north justifies the assumption that the sale to-day will record highly satisfactory values. The sale will commence at 9 a.m. in tho Caledonian Hall and should terminate about mid-afternoon. The catalogue, including "star" lots, totals 13,847 bales, the order of selling of tho respective catalogues being as follows: — Bales. N.Z. L. and ALA. Co., Ltd. ... 1018 National Mortgage and Agency Co., Ltd 1248 H. Matson and 00. ... ... 974 N.Z. Farmers' Co-op.. Ltd. ... 2575 Dalgety and Co., Ltd. ... 3o3C> Pyne, Gould, Guinness, Ltd. ... 416(3 '13,847 LONDON SALES. (AUSTttiMAM AND N.Z CABLE ASSOCIATION.) LONDON, November 28. Tho wool sales have been postponed Owing to fog. Dalgety and Company, Limited, have received tho following cablegram from their London Office dated November 28th:— Wool sales —No wool sales have been held to-day owing to thick fog. N.Z. BUTTER. AGITATION FOR DUTY IN CANADA. (lit CABLE—PEESS ASSOCIATION— COPYRIGHT.) (AUBTBALIAN AND N.Z. CABLE ASSOCIATION.) OTTAWA, November 28. A large delegation representing the Canadian dairy interests will interview Cabinet to-morrow urging the restoration of the dumping duty against New Zealand butter. SYDNEY FIRM CLOSES. FINANCIAL STRINGENCY. (n CABLE—PRESS ASSOCIATION—COPtBIOKT.) (AUSTRALIAN AND »•&• CABLS ASSOCIATION.) x SYDNEY, November 29. As a. result of the slackness of trade, financial stringency, and the entry or cheap foreign goods', another large Sydney firm, George A. Bond and Company, Ltd., hosiery and underwear manufacturers, propose to go into voluntary liquidation. The Assets total £1,522,408, and it employs 1200 women and 800 men. SMITH AND WADDINGTON TO CARRY ON. (AUSTRALIAN AND N.Z. CABLB ASSOCIATION.) SYDtNEY, November 29. A meeting of shareholders of Smith . nnd "Wnddington adopted a scheme approved by the bank to carry on operations till at least March 31st. COMMONWEALTH LOAN. • (AUSTRALIAN AND N.Z- CABLB ASSOCIATION.) LONDON, November 28. The underwriters receive seventy-five per cent, of tho Commonwealth Loan. SURFEIT COMPLAINED OF.

(AUSTRALIAN AND N.Z CABLE ASSOCIATION.) (Beceived Novembor 29th, 5 ; 25 p.m.) LONDON, November 29. Tho City Editor of the "Daily Express" states that there have been a surfeit of Australian loans in the last few months. The average investor likes to spread his capital, and underwriters will not hurry to get rid of their liability as it is certain a demand will arise before long. The present. discount is aftjely temporary. COAL' BRIQUETTING. (BI CABLE—PRESS ASSOCIATION—COPYRIGHT.) (AUSTRALIAN AND, N.Z. CABLE ASSOCIATION.) (Received November 29th, 8.25 p.m.) LONDON, November 29. Samples have reached London of the German-made trial briquettes from Morwell coal, on bohalf of the L. and N. Company. It is stated that "Germany's only grievance is it is a better briquette than that made from German coal. v TURKISH PETROLEUM COMPANY (BY CABLE—PRESS ASSOCIATION—COPYRIGHT.) (AUSTRALIAN AND N.Z AND BUN CABLE.) (Received November 29th, 8.5 p.m.) c - LONDON, November 29. In the House of Commons the Rt. Hon. W. Ormsby-Gore, in answer to a question, said the convention between the Turkish Petroleum Company and the Government of Iraq provided that the.company must continue to be registered in Britain and have its chief place of business within the Empire,' with a chairman of British nationality WORLD'S TIN SUPPLY. (by cable—press association—copyrioht.) (australian and' nx and sun cable.) (Received November 29th, 8.5 p.m.) LONDON, November 29. In tho House of Commons, Captain Backing informed a questioner that he was aware.that some authorities feared a prospective-world shortage in tin. He was following closely discussions as to the possibility of stabilising prices, but did not think a scientific en V»ry by., the .Government,into the possibility of conserving the Empire's tin resources at present advantageous.