LONDON WOOL SALES

Sun (Auckland), Volume III, Issue 779, 27 September 1929, Page 10

LONDON WOOL SALES

STEADY COMPETITIONREPORTED PRICES MAINTAINED (Australian and N.Z. Press Association) Reed. 10 a.m. LONDON, Thursday. At the wool sales. 10.192 bales were offered, of which 4,128 were New Zealand. There was a large and representative selection of Merinos and a good offering of greasy crossbreds, also many New Zealand greasy Merinos. The last-named were mostly withdrawn. There was steady general competition for all other sorts and prices were maintained. BRADFORD TOPS MARKET In the Bradford tops market* the tone is steadier, but business is very limited. Quotations:—64’s. 32d: 60's. SOtcl; 56's, 26td: 50’s, 24d; 46’s, 2Ud: 40*s, 21d. U.S. WOOL ASSOCIATION (Australian and N.Z. Press Association) ( United Service) Reed. 10.33 a.m. WASHINGTON, Thurs. The Federal Farm Board announced on Thursday that it would meet at Chicago on October 4 with the wool-growers, for the purpose ot organising a national association to handle wool. N.Z. GUARANTEE CO-OP.. LTD. NET PROFIT OF £23,206 A net profit of £23.206 is shown in tho annual report of the New Zealand Guarantee Corporation, Ltd., for the year ended August 31, 1929. This represents a net return of approximately 10.8 per cent, on the paid-up capital of the company. The called-up capital remains at £214.390. Twenty thousand preference shares are fully paid to £1; 4,000 ordinaries are fully paid to £1: the biggest part of the company’s capital, however, is issued in £1 shares paid to Ss. The directors again announce that it is not considered likely that further calls will be necessary. An interim dividend at the rate of 7 per cent, per annum was paid on llie preference shares; 10c! a share was paid out on fully-paid ordinaries, and 4d a share on the Ss paid ordinaries. It is proposed to pay out at a similar rate for the final dividend. General reserve account is shown at £25,000, and the directors recommend the transfer of a further £5,000 from this year’s takings to swell that account. This leaves the sum of £1,298 to be carried forward. Two directors, the Right Hon. Sir J. G. Ward, and Mr. W. Thorpe, retire, but. offer themselves for re-election. Following is a comparison of the company’s results over the past three years:—* * 1927 1928 1929 Net profit £21,150 £22,872 £ 23,206 Gross profit 50.274 44,570 51,-Jo To reserve * 5,000 5,000 Carried forward CIS 691 1,29 S •111 1927 the sum of £4,603 was written off preliminary establishment expenses. CLAUDELANDS JERSEY SALE ONLY PEDIGREE CATTLE WANTED At the seventh annual national sale of pedigree Jersey bulls, held at Claudelands yesterday, the biggest part of the offering was made up of yearlings. Only animals with a butter-fat record were wanted. Sales at over 40 guineas were as follow:—E. Jamieson’s Mistress I-lero, to IT. Sheffield, ITelensville, 41 guineas; G. E. Yelchich’s Velebit Campanila, to J. McGregor, Ngahinepouri, 60 guineas; G. E. Yelchieh’s Velebit Sultan, to Mrs. W. Morris, Tirau. 50 guineas: W. U. Carter’s Meradales Some Boy. to J. Ivruse. Havelock North, 46 guineas; A. Moreland and Son’s Beechlands Majesty, to E. Parker, Kaitaia, 58 guineas; E. G. Toose’s Ennismore Gratify, to A. W. Shirley, Ruawai, 76 guineas; E. G. Toose’s Ennismore Panoply, to P. Rickard, Puketaha, 62 guineas; E. G. Toose’s Ennismore Sirecka, to W. Gaddum, Gisborne, 44 guineas; T. and A. Smith’s Fern Oak Master, to McManus Bros., Kopaki. 51 guineas; W. T. Luxton’s Ridgway Victorious, to L. W. Bishop, Tirau, 42 guineas: Griffith Bi'os.’ Kimberley Raleigh, to A. M. Murray, Frankton, 66 guineas; Griffith Bros.’ Kimberley Royalty, to U. A. Latta, Te Rapa, 75 guineas; Griffith Bros?.’ Kimberley Noble Aldan., to J. Morrison, Warkworth, 52 guineas; W. T. Luxton’s Earlston Imperialist, to J. Boyd, Cambridge. 51 guineas; IT. Salway’s Hua Brook Gold Medal, to M. R. Gibson, Te Awamutu: H. Sal way’s Hua Brook Pompous, to C. S. Gubb, Papatoetoe, 43 guineas.