LONDON WOOL SALES GOOD MARKET TONE YEA-ITS BUSINESS LONDON MEAT MARKET UNCERTAIN POSITION TALLOW TRADE. JAPAN AND SOUTH AMERICA.

Evening Post, Volume CXX, Issue 12, 13 July 1935, Page 12

LONDON WOOL SALES

GOOD MARKET TONE

YEA-ITS BUSINESS

LONDON MEAT MARKET

UNCERTAIN POSITION

TALLOW TRADE.

JAPAN AND SOUTH AMERICA.

STRONG COMPETITION

(By Telegraph—Kress Assn.—liopy right.) (Received July 13, 10 a.m.) ... . ■ . , LONDON, July 12. • The wool sales continue. Offerings were 9775 bales, including 6203 New Zealand wools. About 8754 bales of Australian and New. Zealand were sold. Strong home and Continental competition ruled, especially for the home trade. Prices were fully maintained. New Zealand scoured Merino ["Roolesby" made 24d, and "Roolesby" halfbrcd 2IUd highest and' 22,? d average. Greasy crossbred "Dot over EE" made to 12d. and an average of BAd.

Murray, Roberts, and Co., Ltd., are in receipt of the following wool market cablegram from their London agents, dated July .12:—Wool sales continue with a good tone for all descriptions. No change in market. RATES MAINTAINED. The Bank of New Zealand, Produce Department, has received the following advice from its London office, under date July 12:—The sales continue with keen competition. Opening rates are fully maintained. Current quotations for wools of average condition:— Merinos, super, 60 to 64's, 15d to 16d per Ib; ordinary, 60 to 64's, 13£ dto 14d; inferior, 60 to 64's, lid to Hid. Halfbreds. 56's, lld: to 12d; 50 to 56's, 9£d to lOd. Crossbreds, 50's, BJd to 9id; 48 to 50's, 8d to BJd; 46 to 48's, 7£d to 7«d; 44 to 46's, 7Jd to 74d;:40 to 44's, 6;; d to 7d; 36 to 40's, 6id to 63d.

NEW ZEALAND WOOL SALES

Offerings and sales of wool in New Zealand as compiled by Dalgety and Co., for the twelve months ended June 30, 1935, compared with those for the corresponding1 period of 1934, are as follows:— . . . . , ! . 12 months, 1935. J- months..UKM. Fiales. Bales. Offered." Sold. Offered.'■ Sold. liiYercm-gllK . 35,i>75 33,882 .j0.0r.8 •IS.i'IO. Duncdln'. .. -78,269 7-4,.12t 105,771 102J3G0 | Tiniarti 31,064 20,951: • 33,889, 04.«2;i Cliristuliurcb 53,151 7T-.252 8(i,39» . 53,097 Blenheim* .. ' 59 ■ 59 '28 - 25 Wclliukton . 102,818 -80,822 189,7-95 128^301 Wanfjanul ■ • 52.90S , 4G,.i15. 01,364 SO/ISS Xuplcr 55,47« ■ 78,738 108^.18 , 98,013 Glsliornc* ... 2,923 2,621 3,610 3,510 Auckland- .. 57,700 45,380 70,524 67,856 536,603 479,283 , 692,090047,391 *oddments. ' . ' '. Sales of wool during June last were 2146 bales out of 2188 bales offered. , .The same authority .reports'exports of wool from New Zealand during the twelve months ended June 30, 1935, with those for the corresponding period of 1934 showing a'fall this year of 207,017 bales:— ■ ; ' -■ : ' Corresponding . ' Total foit 12 months, Ports:.. ■ ■ 12motHlis., 1034. liiycrcargM . . 44,148 01,642 IMinedin .; '....'. 60,««S " 85,18S Oamaru ........... '1,041 3.663 Tiinnni 45,277' . r.2.079Christcbiircli - SS.Sir., 9-1.2(51 JJlenlieim 3,971 I.SD2 . Xclsnn' ...-. .1.108 : ' 2,844 WbllliiKtou' 11.5.80!) 1C0..W3 Wangaiuii 50,536 77.220 . New l'lyiiioutii. AVaitara : .'I;9S7 3.928 Napier. Waikokopu .. 87,922 .1.1-9,92!) Cisborue, Tokomaru , : . : , Bay 28.336 , 43.158 Auckland, Opua" ..-.. ~'56.123, ' 85,478 D9S.S4I ' 803,858.

BETTER DEMAND FOR LAMBS

The Bank of New Zealand, Produce Department, has received the following advice ' from its London office as at close of business this week:—-There is a little better demand for wethers. The market for ewes is dull, and little business doing. There is a steady demand for lambs and a better inquiry for light seconds. The demand for beef is affected by the low price of chilled. Wethers, light 3 5-8 dto 4 5-8 d per Ib, heavy 3 l-8d to 3Jd; ewes,72d to 3d; lambs, 2's 6 7-8 d to-7 l-Bd, ,B's 6 7-8 dto i7"l-Bd, 4's 6 7-8 dto 7d, seconds. 6d to 61d; ox, hinds 3Sd to 3ld, fores 2,Jd to 2-hd. ■■.'■■■' '■ ■'• : ■■' •'■ ■■■■' ■

Levin and' Co., Ltd., have received the following cable from their: London agents, dated July 12:— : North Island meat quotations are as follows:—Down lambs, 28-36 Ib 7 3-8 d perJb, 36-42 7 3-8 d; crossbred "lambs, 28-36 71 d, 36-42 7 : Jd; second quality lambs, average 30-31, 6 l-8d; wethers, under 48' 4Jd, 43-56 3 7-Bd, 56-64 3 5-8 d; 64-72 3id; ewes, under'4B 3d,48-56 2,-5-Bd, 56-64 2Jd, 64----72 2 3-8 d; New Zealand prime, ox beef, 160-220, 2sd. Compared^ with last week's quotations,, lamb l-8d per Ib higher; wethers, 64-721b. l-8d per Ib higher; ewes, under 561b and 64-721 b, l-8d per Ib lower; beef, ,l-8d: per Ib lower. Others unchanged. Themarket for lamb is firm, but the mutton market continues weak. ' : ' .

THE POTATO MARKET

(By Telegraph.) (Special to the "Evening Post.") : CHRISTCHUKCH, This Day. Considerable interest', has centred in potatoes during the past few days and quotations have risen substantially. It is very difficult to establish an accurate market price, for sales, are reported to have been made at from £7- to £8 2s 6d f.0.b., a. rise of £1 for ; the. week. There seems to be no undue anxiety on the part of northern merchants to ■■■■acquire potatoes, although there has been a slight improvement in the number of inquiries coming forward. The market has been mainly built up by the trade. • ~.'■■ '• . . ■ : .Farmers show indisposition to sell, and when they do,, allow: only very small lots to go out. A boat on Wednesday took north 2600 sacks of table

Additional commercial information will be found elsewhere.

potatoes from Lyttelton and. 1700 sacks from Timaru, a total that would seem to be. enough to keep the .Auckland market quiet for a while. Farmers apparently are still expecting that there will be an-outlet to Australia, but quotations from. Sydney this week indicate that the market there is weakening. Meantime, quotations to farmers are about £6 5s on trucks, with a little .more for Dakotas, for which there is better inquiry.. The rest of the grain and produce markets arc .very quiet indeed. >

Exports of tallow from New Zealand for 12 months ended June'3o'are re : ported by Dalgety : and Co. as follows:— Two months. Tons. 1935 ..........'....,.. 23,3171 ■■ 1934 ;....... '22,850.! . For the month of June, 1935,' the exports were 2714 tons .to the fpllowing destinations:—United- .States,. 17653 tons; Europe, 7621 tons; India, 1,12.t0n5;. Japan, '74 tons.' Total, 2714 tons.

A new trade mission which recently visited Brazil from Japan was headed by. Mr.- H. Hirao, the president of the Kawasaki Dockyard Company, and included leading' representatives of the cotton goods, shipping,, and1 merchanting trades.. One of its special'objects was to arrange'for facilities for cottongrowing and the export of the-staple to the Osaka mills in,.return for increased imports of piece-goods. The mission visited other South American States for the purpose of finding means for extending trade, with Japan;