WOOL SALES.

Press, Volume LXVI, Issue 20045, 29 September 1930, Page 12

WOOL SALES.

BRISK COMPETITION AT LONDON. NEW ZEALAND QUOTATIONS. (UHITED PISES 3 ASSOCIATION—BY ELECTaTO TELEGRAPH —COPYMOHT.) LONDON, September 26. At the London wool sales, 8200 bales were offered, including 4409 from New Zealand, and approximately 6370 were sold. There was a medium-sized offering of greasy merinos, almost entirely spinners' wools, offered on speculative account. There was a good supply of scoureds' and a good selection of. all New Zealand sorts. Brisk competition ruled, and prices were maintained. Quotations for New Zealand clips were:— Greasy Cro3sbreds. Top. Average, d. d. G-lenralloch .. 9} S<} Ngaio .. ~. 94 8} Tehua .. .. 10£ 10 In New Zealand scoured merino combings, "Haldon" reached 2<sd. For best lots of greasy crossbreds prices varied from 6Jd to ll^d. In halfbred slipes, lambs, WFM-TBS, fetched 12* d. LONDON SERIES. Daigety and Co., Ltd., Christehurch, have received the following cable from their London office, dated September 26th: The sales continue. There is j*ood competition for best greasy merinos and greasy crossbreds. The demand centres largely on finer qualities. All scoureds have declined since opening. Inferior and scoured short and faulty are difficult to sell. The sales close on October 7th.

THE WHEAT MARKET. BREAK IN PRICES AT CHICAGO. INFLUENCE OP CHEAP RUSSIAN GRAIN. ' (UJtITIB MISS ASSOCIATION—BT ELICTItIP TB LBGEAPB—COPTS IGUr.) (Received September 28th, 7.15 p.m.) NEW YORK, September 27. The Chicago correspondent of the "New York Times" states;—" The bearish" influence of cheap Russian gram brought another hysterical ware of liquidation by holders of wheat and other grains in the world's market today, and this sheared off an additional mUlibn dollars from the value of American farmers' crops in the reaction on the Chicago market. Neither the _ Board of Trade's barring of Russian short selling' nor the optimistic statement issued by the Farmers' National Grain Corporation or the Government-organised Co-operative Association had any effect in preventing a-continuance of the downward trend of Chicago wheat prices, which have registered losses of almost seven cents during the week. September wheat reached the lowest since 1908 to-day and a]l futures were off. Winnipeg, while not fulJy reflecting the breaß in Chicago, was nevertheless off ljths to 2J cents, reports of export ; sales of 600,000 bushels and lack of "hedging'' pressure baing a /factor. Buenos Ayres closed Jths to Jths loiver. FOREIGN GOVERNMENTS' / ACTIVITIES. (UHI*U> PSXS9 ISSOCUTIOJT—SI KLECTBIO TZUCUUPB—COETEIOHT.) • 2s T KW YORK, September 26. A Chicago message - states: Hr J. Bunnell, of the .Chicago Exchange, has telegraphed to Mr A. M. Hyde, Secretary of Agriculture, saying that the selling of grain futures on the United States exchanges by foreign Governments is *'a new development of commer<je of a seriously objectionable nature, and mtst be fought to an end."

INVESTIGATION INTO RUSSIAN ACTIVITIES. (Received September 28th, 7.1t3 p.m.) ' NEW YORK, September 27. In giving evidence before the Commission (Mr Hamilton Fish, chairman), which is conducting an investigation ■. into the activities of Communists, witnesses for the All Russian Textile Syndicate, which made short Bales in wheat, testified that these were legiti--1 mate '/hedging" activities to protect the European position. A former Russian official testified ' that facts' about the America ji Navy and Army were J>eing sent by Soviet trading/ groups doing' business here to JSuisia." FALL IN PRICES OF FUTURES. NEW YORK, September 26. Jl Chicago message states: —Wheat futures turned downward with a rush v * of selling orders, led by the large commission houses, and wheat closed as follows—September, 76 5-8 cents a bushel; December, 80 3-8 cents; March, 84 1-8 cents; May, 86| eents.

LONDON QUOTATIONS. (Received September 28th, 5.5 p.m.) LONDON, September 37. Wheat cargoes are dull, prices reacting to I owe* American cables, liberal world ship- : jtMßltSi sad heavy Russian and Continental «• rivals • Parcels are neglected at 9d to Is decline. Per qnaster. ' s. d. ' Futures: — liondon: • ■ • ■ September .. 27 o December | .. 27 lo yebruary .. .. 27 10 • Liverpool: Per cental. s October .. .. 511 \ . December • • . t 5 11J March: .. ~ 6 lj * Mar •• *• 62 . POULTRY PRODUCERS.' LTD. Vd'A / ujil, 'JOit Canterbury Co-op. Poultry Producers, that fair jardings of poultry V- '■ i'SS^corawi'-forward for the week s markets, m shortage of really good J . '■ and ' table chickens- . The fol- - iowiOr'prices were realised per pair:—Table ' '! eh&kexw. ,l|ght6» 6d to 7# 6d, . heavy 8s heni« t "]ifhi 4a to 5s Bd, heavy 1 8a- ducks* 6s to 8s; geese* 7a to 8s; >«4l I<ta to 28s, gobblers 25b to fefP,; lr ' ' T '