CHINA AS WOOL MARKET

Sun (Auckland), Volume III, Issue 742, 15 August 1929, Page 10

CHINA AS WOOL MARKET

A GREAT OPPORTUNITY fUnited P.A. —By Telegraph — Copyright) SYDNEY, Wednesday. Mr. C. E. R. Moser, managing director of a large Sydney wool firm, who returned from a visit to the East today, states that there is a vast potential market for Australia in the East, but the opportunity should be seized now before other countries commandeer it. There is a splendid market for w'ool in China, which is using it in innumerable ways hitherto not thought of. Australia, however, lacks publicity, whereas New Zealand possesses much better facilities. COLOMBO TEA SALES (Australian and N.Z. Press Associationj COLOMBO, Tuesday. At today's tea auction in Colombo 2,010,0001 b were offered. Common teas were steady. All other grades advanced 2 to 4 cents. Next week’s catalogues will total 2,000,0001 b. CHICAGO WHEAT MARKET (Australian and N.Z. Press Association) Reed. 9.5 a.m. CHICAGO, Wednesday. Wheat.—September, 1 dollar 34 cents a bushel; December. 1 dollar 42J cents; March, 1 dollar 47J cents; May, 1 dollar 51 1-8 cents. BUTTER AND CHEESE MARKETS The New Zealand Loan and Mercantile Agency Corporation has received the following cabled market report from its London agents, dated August 14:—Butter, choicest salted, 171 s to 1725; cheese, white S6s. coloured 89s to 90s. AUCTION NOTES T. Mandeno Jackson will offer bv public auction at their rooms, 9 Commerce Street, at 12 noon tomorrow' (Friday), under conduct of the registrar of the Supreme Court, at the request of the mortgagee, 18 acres 2 roods IS perches, with small dwelling thereon, and having frontages to Avondale and Rosebank Roads, also 41 acres 2 roods 31 perches, having frontages to Avondale, Rosebank. and Victoria Roads, Avondale, together with two dwellinghouses thereon. Both properties are handy to rail and bus services.

The following properties will be offered for sale by C. F. Bennett. Ltd., at tlieir rooms, first floor. New Zealand Insurance Buildings, at 12 noon tomorrow:— An important business site in Great South Road, Otahuhu, opposite the borough council offices, having frontage of 33 feet by depth of 200 feet; also, on the Great South Road, adjoining Passenger Transport Co., a level freehold section, approximately 66 feet by 100 feet, and at the rear and fronting Queen Street, Otahuhu, a freehold section 66 feet by 100 feet, with modern self-contained flats thereon: under instructions from the Guardian Trust, a residence situated at 10 Ligar Place. 'Grafton, on freehold section 39ft Sin by depth of S 6 feet: bv order of the registrar of the Supreme Court, a property on the corner of Newell Street and Waimer Road. Point Chevalier, comprising dwelling of six rooms, on freehold section of over quarter-acre.