MAXIMUM WOOL PRICES

Press, Volume LXXV, Issue 22850, 25 October 1939, Page 11

MAXIMUM WOOL PRICES

NEW LEVEL FOR BRADFORD MARKET SCHEDULE TO OPERATE UNTIL FEBRUARY (united press Association—copyright.) ■ LONDON, October 23. On the Bradford market, new maximum wool prices are operating to-day. The control board has fixed the sixtyfours buying price at 29d, and Yhe issue price for the home trade at 31gd. It will be a serious position for merchants and topmakers whose position Is oversold. The chairman of the board, Sir Harry Shackleton, states that while it is necessary to take over all stocks,* whether sold or unsold, it is the intention as far as possible to ’enable merchants to fulfil existing contracts. The control board hopes to maintain the new schedule of prices until February 29. The Government has no surplus of short wool and 'is-just as desirous as the trade to disturb the normal channels of business as little as possible. Sir Harry urged that in view of rec6rd national consumption the civil trade should economise to the extent of 10 per cent. The control board did not desire to restrict export business. On the contrary it would do its utmost to facilitate it. MINING ' MATAKI The Mataki return for the week ■ended October 20 is 26 ounces for 130 hours and 11,500 yards. CLUTHA RIVER • ; ’Hie Clutha River dredge, at Alex- : *ndra. worked 126 hours for 55 ounces W gold. ' OKARITO .The Okarito wash-up is 32 ounces ■iddwt for 129 hours. : | BLACKBALL GREEK ’ The Blackball Creek return this week ; was 770z for 100 hours. t • MATAKI JUNCTION » ' The Murchison Mataki Junction re- ; for the week ended October 19 ya#-62 ounces of smelted gold for 424 “aurs and 19,000 yards dredged. WANT-ADS. aold them through ‘The press' and bought these new