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WOOL PROSPECTS

THE DOMINION SALES GUIDE TO PROBABLE PRICES The president of the New Zealand Association (Mr J. Mating) in <1 review of the Australian market to date this season and the prospects for the early sales in the Dominion, states that the latest information received from Australia indicates that to October 31, 1934, new season's wool received into store was approximately 1,060,000 bales, of which 467,000 bales had been sold and shipped. For the same period in 1933 wool received into store was approximately 1,680,000 bales, of which 788,000 bales •were sold and shipped. It will be seen that the new season's market prices are responsible for a hold-over of more than 300,000 bales. .This accumulation will now come on the market during the New Zealand season. The average prices received by the Australian grower last season from December to March are shown in juxtaposition to the three Christchurch sales and one Duncdin sale during the same period: — Ch.Ch.— Aust., Dec. 1G.47d Dec. 12 13.62 d lAust., Jan. 19.94 d Jan. 26 17.03 d Dunedin— Aust. Feb. 18.70 d Feb. 5 15.15 d Ch.Ch.— Aust., Mar. 15.G5d Mar. 212.81 d Comparing the sales at the fine wool centres mentioned with Australia, it will be seen that our average prices are considerably lower, and should provide an indication of the values which should be realised if we take into account the Australian present Eeason's values. The average prices per lb since the new season commenced in Australia ere: — July .. .. 9.18 d August .. .. 10.14 d September .. .. 8.79 d October .. .. 9.48 d From the latest information received from the National Council of Wool Selling Brokers of Australia, it would appear that the prices were likely to be stabilised at October values, and this should provide a guide to growers as to what New Zealand values will be at the commencement of the season for fine wools. CHRISTCHURCH SALES Dates for the Christchurch wool sales for this season are announced in an advertisement in this issue. The first sale will' be held on December 6, the second on January 21, the third on February 22, and the fourth on March 29. Attention is called to the number of complaints received reccntiy about wet and damp wool, and jr 11 growers are asked, in their own interests to see that sheep are dry before shearing. BRADFORD TOPS MARKET (UN I i KL» I*RK93 A3SOCIA I'MN -BY ELECTHIC TELEGRAPH COPYRICtIIT.) LONDON, November 15. The Bradford tops market is very quiet. Quotations are as follows: — Oct. 18. Nov. 1. Nov. 8. Nov. 15. d. d. d. d. 70's .. 27i 28.'. 29 2tU 64's .. 26 26* i 27 2G 60's .. 24 25 25 24 56's .. X9K 191 VJh 19i 50'S .. 14 14 14 14 46's ..11 11 11 11 40's .. 9£ 9} 9J ' 9} N.Z. LOAN AND MERCANTILE DIVIDEND LONDON, November 15. The New Zealand Loan and Mercantile Company, Ltd., has declared a dividend of 5 per cent., cumulative on .preference shares for the year ending June 30, 1934. AUSTRALIAN* PRODUCE MELBOURNE MARKET j MELBOURNE. November 16. Wheat—2s Bd. Flour—£7 ss. Bran—£4 15s. Pollard—£s. Oats—2s. Barley—English, 2s 10d to 3s 2d. Maize—3s Cd to 3s 7d. Onions—£s to Sls 10s. COPPER PRODUCTION SCHEME FOR RESTRICTION LONDON, November 15. The "Financial News" says: Following negotiations between the shareholders of copper companies proposals have been formulated for the establishment of copper shareholders' association for the purpose of co-operatively remedying world overproduction. All shareholders will soon be invited to give their views. International regulation has already been enforced by most major companies. . METALS MARKET (Received XmvmW 16. 7.10 p.m.) LOXIX)N T , November 1 ■"» ■ Nov. I t. Nov. 15. A ton. A ton. i' s. (I. ,E s. d. Copper— Standard, spot 27 1 ! :i 27 18 9 Forward .. 27 IS 15 2d 4 41 Electrolytic .. p.n jr. (I MO 10 0 (o .. ::i o a :si io o Wire burs .. l 0 n ;;i 10 0 American clectrolvtie o cents pnr 11). Lead— Spot .. io r, :> io ft r» Forward .. 10 12 li 10 i:i 0 Spelter — s Pot .. li. j7 {; 12 1. r, Forward .. 12 y 0 12 0 Tin— K P"t .. 223 7 0 22R fi TS Forward .. 228 VI 0 228 11 ;; Silver— Fine, ppr m .. oi'Jd Standard, per oz. 11-IGd 2fi 11-lGd PROPERTY SALE Messrs Ford and Hadfield, Ltd., rePort having sold on account of Mr Bteffens, his shop property at the corner of Montreal and Caton streets, Sydenham, together with 37 perches of land. —8

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https://paperspast.natlib.govt.nz/newspapers/CHP19341117.2.63.4

Bibliographic details

Press, Volume LXX, Issue 21324, 17 November 1934, Page 13

Word Count
750

WOOL PROSPECTS Press, Volume LXX, Issue 21324, 17 November 1934, Page 13

WOOL PROSPECTS Press, Volume LXX, Issue 21324, 17 November 1934, Page 13