SOUTH AFRICAN WOOL

Press, Volume LXV, Issue 19508, 3 January 1929, Page 10

SOUTH AFRICAN WOOL

INCREASING PRODUCTION. The Australian -wool trade is now inclined to pay rather more attention to South African developments because of the reminders it receives from Bradford of the possibility of -wool from the Union competing more effectively with the product of the Commonwealth in tfte British market. By this week's mail comes news that the Government of the "Union of South Africa officially estimate* that the exports of wool for the year ending June 30th, 1929, will Teach 385,000,0001b, or an increase of approximately 12,000,0001b over those of last year. The total is based on an estimate of the number of woo lied sheep and lambs on Juno 30th, 1928, which the Union Government Department of Agriculture places at 83,978,306. Local authoritea anticipate that in the midlands and eastern districts of the Cape the new season clip will be tender and dusty, as a result of drought, but in all othar areas of the Cape a normal output is expected. In Natal, the wool clip is expected to be of good quality, with the yield exceeding all previous wool clips, although somewhat affected by the drought. HIGH COMMISSIONER'S REPORT. The Department of Agriculture has received the following cablegram, dated December 29th, from the High Commissioner for New land, London: — TALLOW. No auction this week. Market quiet and prices unchanged. HEMP. Market quiet on account of holidays. Manila is firm. "J" grade January-March shipments are quoted at £3B 10s. Sisal—Market steady at about last quotations. New Zealand—Market quiet but firm. Closing values, January-March shipment: Highpoints £36, fair £33, common £3l, rejected £29 10s. EGGS. Market quiet and demand slow. Supplies are plentiful. Present quotations are: English 21s to 26s per long 100, New Zealand 18s to 19s, Belgian 17s to 19s, Australian and South African 15s to 17s, Polish 12s to 13s 6d, Argentine and Egyptian 8s 6d to 8s 9d. WOOL. Bradford market quiet, top makers rejecting low offers. Current quotations are below replacement values. New business is expected to develop early in the New Tear. Present quotations are: 64's (merino), warp, 4s per lb; average, 3s lOd to 3s lid per lb: 56's (super halfbred), 2s IOJd per lb; 50's .prepared, 2s 41d per lb; 40's, prepared. Is lOd to Is 10Jd per lb. TALLOW. (rxxrxD niM issociATiosr—bt axzcimio mSOfcttI—COPYRIGHT.) (Received January 2nd, 5.S p.m.) LONDON, January 1. Tallow—Stock 1945 tons, Imports 1542 tons, deliveries 741 tons.—Australian Press AMoeution,