WOOL RESEARCH.

Press, Volume LXIV, Issue 19363, 16 July 1928, Page 10

WOOL RESEARCH.

EXPERT TO VISIT DOMINIONS.

(CHITED PBESS ASSOCIATION—BY BLECTEIC TELEGBAFH—COPYHIGHT.)

(Received Jul" loth, 5.5 p.m.)

LONDON, July 14. The wool conference opened at Brad' ford.

Sir Henry Barwell said that Australian growers considered that the remuneration insufficiently encouraged the production of fine wools, but they would do their best to meet Bradford's requirements. Mr Van Breda (South Africa) asked what was Bradford's, guarantee that the demand for fine wools would be permanent. Their demand in 1919 was for strong wools. Mr Harry Dawson said that they wanted the soft wool to blend with artificial silk for underwear. Dr. Barker announced that the Empire Marketing Board had granted £2OOO a year for two years, to enable Dr. Nicholls, of the British Research Association, to investigate wool production in the Dominions. He was going to Australia in October. ' , Sir William Aykroyd announced tnat a new waterproof wool-pack had been invented by a Bradfordian, Mr Baddeley. It was made of wire paper and lined with wool. He exp essecT the opinion that practical Bradford woolmen ought to accompany Dr. Nicholls. —Australian Press Association. AMERICAN POOL FORMED.

(UNITED PBESS ASSOCIATION—BY ELECTRIC TEU!GRAPH —COPYRIGHT.)

(Keceived July 15th, 5.5 p.m.) NEW YORK, July 14. At Salt Lake City Frank Hagenbarth, president of the National Wool Growers, announced the formation of a pool involving 50,000.000 pounds of fleeces annually, aiming at the domination of the American market, and the stabilisation of prices to a parity with foreign import prices.—Australian Press Association, United Service.

DEMAND FOR WOOL.

ASSERTION CONTRADICTED.

(UNITED. PKBSS ASBOCIATIOH—BI ELECTBIO TELEBBAPH -COPYRIGHT.)

SYDNEY, July 14,

Mr F. Tout, president of the Graziers' Association, opines that there is no foundation for the suggestion by the president of the British Wool Federation at Bradford that the world's ionsumption of wool is steadily declining. On the contrary there is a tendency tor wards gradual improvement. It is not unusual at this time of year, Mr Tout added, for statements to emanate from Bradford whidh tend to depress wool prices. The total value of the Commonwealth wool sales during the 1927-28 season amounted to over £60,500,000, which ia a record by over£s,ooo,ooo.—Australian Press Association.

THE WOOL SALES. {

WotITBD *M9B AfISOCIiTIOH—BI BIiCTBIO TSLEOEAPH—COnCftIOHT.)

LONDON, July 13,

At the wool sales 9126 bales were offered, of which 3851 were : New Zealand and 5033. Australian, The latter were chiefly re-offered dn speculators' lots. There was a limited supply of _greasy crossbreds and a good Selection, of slipes. The market was firm; prices are unchanged. New Zealand sales were: Hiko 29} d top, average 24d; W.M.E. Co, 21id; and 19Jd; Webber 281 d and 2ea.—Australian Press Association.

MEAT PRICES.

SMITHFJELD MARKET REPORT.

Tha New Zealand Meat Producer** Board ft/two preliou. w«k. being ■£ •Jjg.K- -- 18. 6. 28. (Por lb). a.' d. a.

The following is a copy of » cable received by Messrs Dalgety and Company, Ltd., Christchurch, from their London office, dated July 13th:— Wool Bales continue active. Greasy good merino combing is firm, and any change in prices is in favpur of sellers. Prices for other descriptions of merino are irregular. "XJrossbreds, except slipe, are firm at laßt saleV'rates. Withdrawals are fairly heavy, being -second-hand lots. .

NEW COMPANY The "Mercantile Gazette" records the reristration of the fo'lowing new company: Rodger Importing Co., Ltd., Hegd. as a irjvate company, Julv sth, 1928, office 159 Manchester street. Capital £3500 into 3500 shares of £\ each Subscribers: J. Rodger MOO. E. M. Rodger 100. Objects: To canyon business general merchants and hnnorters, ete. -

WHEAT. (Rtciived July 15th 5.5 p.m.) NEW YORK, Julj 14. Chicago wheat quotations *re..July 129J cents, September '32J cents December 186J cents a bushel.—Australian Press Association.

N.Z. Wether* and Maidens?Canterbury, fluality— 8electe**rand«: 56-under .,.. •• 71 71 71 7 6J 57-64 65-72 .. <,• 71 65 7 61 Other brands: 7 63 6 J 56 under . • •« 67-64 •-. •• 65-72 .. • '•• 7i 7 6J 71 7 6i N.Z. Ewes— si 64-under .. >• 6J sa N.Z. Lambs— Canterbury quality: 36-under .. »• 101 'lOJ 101 37-42 ' • ... n 91 91 43-50 91 91 91 Seconds .. .« • • 91 91 91 Selected brands: • 36-under .. • • 10i 101 101 87-42 n 91 91 Other brands— 1st quality: 36-under .. •• 91 9i 9J 87-42 .. •• 91 91 9J 2nd quality: 10 30.32 average 10 10 N.Z. Beef— Ox fores .. »• 4 41 4 Ox hinds .. ■• • 68 61 6 Cow fores .. . •■ 3| 51 31 81 Cow hinds 5 G Argentine Chilled BeefOx fores .. 4J 41 4i Ox hinds .. • • 74 8 71 Froxen Pork— Porkers, 60-801b .. 7i 71 71 Porkers, 81-901b .. 7 61 61 Porkers, 100-1201b .. 61 61 6} Baconers, 121-1801b 75 71 71 Lamb Market —Steady. Consumption good. Mutton Market—Firm. Beef Market—Firm, with good demand. New Zealand' Porker Pigs—Bett> er market. but owing to hot weather there is doing. ■•«.•« New Zealand Baconer Pigs—P very little rices hare advanced owing to better prices bacon. WOOL SALES.