WOOL MARKET

Press, Volume LXX, Issue 21335, 30 November 1934, Page 13

WOOL MARKET

STATE OF INDUSTRY BETTER PROSPECTS IN VIEW > (CHITED PKF.S.S ASSOCIATION —r.T ILECTBIC T E LEG R.\ I'II—COPYRIGHT.) (Received November 30, 1.30 a.m.) LONDON, November 29. The Imperial Economic Committee's wool intelligence section says that the activity of the wool and textile industry in Great .Britain and France in recent weeks has perceptibly improved, and that prospects have increased for wool consumption from the abnormally low level of September and October reported from the United States. 1 Moreover, stocks statistics of the consuming countries indicate a low level which should lead to heavier purchases, particularly in view of the increased seasonal demand for wool products. Taken in exjunction with the current level of prices, these factors are leading to a satisfactory absorption of offerings at the present auctions, and the firmness of dealings at a slightly lower basis of values may well lead to a somewhat improved level before the end of the scries. THE WOOL SALES LOWER PRICES THAN LAST YEAR EXPECTED i That wool prices this season will be half of those offered at the January sale in Christchurch last year w:s the opinion of buyers at the Auckland wool sale on Tuesday, said Mr P. G. Greenwood, wool valuer for Dalgety and Company, Ltd., who returned to Christchurch from the sale yesterday. The January sale in Christchurch last year, he said, was found to be a freak, and growers could not expect to get the same prices this year. Sound quality line crossbreds were the best selling wools at Auckland, he continued, Bradford and Japan both being in the market. There was no Continental competition for short staple hogget wool, and this was disappointing. Wool for the first Christchurch sale on December 13 was coming in freely, although many growers seemed inclined to hold their wool for the second sale in January. Clips from the plains stations were good, but it was expected (hat the wool from the back-1 country runs would be spoiled to some extent by snow. | Although the weather on the plains was wet, feed was plentiful, and sheep came through in good condition. Consequently, wool was cleaner uid bet-1 ter grown. GEELONG SALES FINE SELECTION OF COOD TYPES MELBOURNE, November 29. ! The finest selection of choice and | super wools ever submitted at a single j sale in Australia was offered at the Geelong wool sales. I New Australian records for tin ! season were established, for greasy | merino 21 id and comeback IBd. | SALES AT UK I SHANE |; .BRISBANE, November 2!). j At 11 io wool sales competition was particularly keen and 95 per cent, of the 10.000 bales offered were disposed of, values being firm. Greasy merino sold to 10 |d and i scoured to 2Gd. LONDON SALES POSTPONED LONDON, November 2R. The wool sales were postponed because of fog. SKIN SALE —_ t C H KISTCiIU RCII AI CTION i I The Christchurch Woolbrukcr:-;' As- : sociation reports having hold its i weekly skin sale yesterday, before the j usual bench of buyers. The following f is a range of the ruling prices:- i Sound. Faulty, i LI). Lb. Lb. t d. d. d. \ Hal I bred :■ Three-quarter to full-woolled .. 5:1 lo '?'• '>' Half-woollcd .. 4 to Si Short .. 2i i Three-quarterbrcd— Three-quarter to full-woolled .. 5 to 5! 2', Half-woollcd . . 4 4 Short .. 1 : ; c Crossbred - Three-quarter to i. full-woolled .. 43 Half-woolled .. 3' ( 4 , Short .. L l . Merino .. .. 5 '' Hoggcis- 1 Halfbred .. M Three-quartcrbrcd f and crossbred 4 p Pelts—l Ad to Is 4d. f

Green Skins—Halfbrcd . r >s 8d to 7s, threc-quarf.crbrcd 3s 4d to sk, crossbred 2s 2d to 3s 4d, hoggets 2s to 3s lOd, lamb skins lOd to Is Sd, pelts Gd to Bd. PRICE OF BACON RETAIL INCREASE ALMOST INEVITABLE Wholesale prices for sides and rolls of bacon were raised id a pound in Christchurch this week, but notice of it was only passed on to retailers late yesterday afternoon, and so far no action has been taken by them. An increase in price to consumers is almost inevitable, it was stated yesterday After the last rise ol la in wholesale prices the retailers raised their prices. The local price is governed by the demand abroad, and as this is advancing and making the local market short, the rise was only to be expected. _^__^__________