COMMERCIAL.

Stratford Evening Post, Volume XXXII, Issue 35, 24 January 1912, Page 5

COMMERCIAL.

THE NATIONAL MORTGAGE £0

(]}y Electric Telegraph.—Copyright.) . * • (United Press Association.J H .. '. i: ■ : . ■ V}»* ;; : ;i' ; London; January 23. , >1 The report of 'the National Mortgage Company of New Zealand shows profits' of £50,997.’ The total, dividend is 12i'pdf cent. A'sum of '£15,000 is ß iidded to' the Reserve; and £10,977 darned 1 forVai'd. 1 ' : . 1 , •tC-i •: -haou:■ n- H ' BIUiN AtfD POLLARD. , ’ i-yVi /r .i l i<t ■ ! . ■ ‘ (Received 24, 9.50 a.m.) Sydney, January 24. As'a result of the continued dry weather'bran has been advanced to £5 10s and pollard to £6. BANK SHARES. ■ 4l : I ■ V“ : uM )• *i■ ’i• ■ y ;((Received 24, 11-5 a.m.) ,h%t\ a-!, hi London, January 23. ;’ Axistrplasiii\£ll3 to £lls, TJiiion. £59 to £6O, N.Z. Loan and Mercantile £99. • (Silver 1 26 5-16 d. X LONDON WOOL SALES. (Received 24, 11.5 a.m.) London, January 2-3. At the wool sales good to best merinos' and all crossbreds firmly maintained, the average. Faulties were weak-

DUNEDIN WOOL SALES

(Per Press Association.)

Dunedin, January 23. The second wool sale of the season jvas held to-day, when 21,302 hales were offered. There was a large gathering of buyers, Bradford, Continental, American, and New Zealand woollen mills being strongly represented: Bidding was very spirited for all descriptions of wool. , The greater part of the total catalogue was sold under the hammer at most satisfactory prices as compared with the December sale, prices being jill round about Jd better. The catalogue included some of the most noted clips in Otago, all of which were in really splendid condition. Owing to the rainy season, the Wool from some of the high country stations in the south was in a very light condition, and, consequently, just what was required for the American trade, whose representatives showed their appreciation of it by bidding with great vigour. Certain of the wools were tender, and these the Americans left severely alone. The record price for the season in New Zealand was paid at this sale, namely, 13jd for nine bales of merino wethers.

For fleece wool of all descriptions the market was appreciably firmer, especially for finer wools. Halfbred and crossbred wools also showed an advance, good clips reaching Is. In some cases pieces and locks also found a good sale and participated in the rise.