BRITISH WOOL TEXTILES

Press, Volume LXXXIX, Issue 27047, 23 May 1953, Page 8

BRITISH WOOL TEXTILES

HEAVY INCREASE IN • DOLLAR EXPORTS

(Special Correspondent NJEJ»uL) LONDON, May 22 The outstanding feature of the latest returns of the wool textiles overseas trade is that in the first four months this year no less than 41 per cent, of British exports of woollen and worsted cloth have gone to the dollar markets of Canada and the United States, says the wool trade correspondent of the “Yorkshire Post.” The total of such exports was 31,600,000 square yards, of which 13,000.000 went to the North American Continent. The “Yorkshire Post” adds: "Heavy wool imports !a th* last four months are the largest for any comparable period at recent years. Wool cloth and carpet imports do not yet show much increase since the removal of the quota control, though carpet Imports last month were 13.008 square yards more than In March. “Wool tops exports in the last four months are the highest of any similar period of the last three years, and worsted yarn exports this year are closely comparable with those of the boom period of early 1951. Woollen and worsted cloth exports show a substantial improvement onlast year, thanks largely to increased sales to dollar market*.

WOOL FUTURES MARKET

PRICES DECLINE BY ID TO 2D PER LB (N.Z. Press Association—Copyright) LONDON. May 21. Wool future* declined, sharply on private trade reports of lower prices for taw wool in Australia. Sellers were pressing and prices declined round Id to 2d per are :-September. buyer IMd per lb, seUer 159 d: October, buyer IMd. seller 157d-’December, buyer 150 id. seller ISOld: January, buyer ttftd Uer 147 d; March, buyer 144 d, seller 144%d, May, buyer 141 Id, seller 144 d: July, buyer 1401 seller 1421 d; September, buyer 137)d, *eller 142 d; October, buyer 137 d, seller Kild. GRAIN 'AND PRODUCE MARKETS

CBy Our Commercial Editor.) The small seeds markets remain firm throughout Canterbury. Little bu*in«a* is passing at the moment. The following table gives a comparison of prices paid to farmer* during the last four years, and also in 1939. Compare* with last year, price* for all lines of produce quoted have increased—in some cases materially—except for Italian ryegrass (which is no longer fashionable) and browntop, which I* labouring under the disability of yielding a heavy harvest this season. Whereas, too, this time last year the market Showed a weakening tendency, this year it has a firming tendency. Comparing today’s prices with those of 14 years ago, it will be noted that wheat at Ils a bushel show* a much smaller percentage of increase than all small seeds. Indeed, most small seeds have trebled In price since 1939, whereas the price paid to farmers for their wheat ha*

Heavy Potato Shipment* Merchant* report that, although digging on the heavy land is not yet general, a number of good yields of potato** are reported from the lighter land. Tuber* generally appear to be much larger than was the case last year. Comparatively larger shipments of potatoes have already been made from Lyttelton to the North Island Indeed, more potatoes have been shipped up to thia stage in the season than for 11 year*. Shipments made to date total 69,635 sacks. Compared with 27,483 last year and 6*.32# sacks for th* comparable period in IM*. Details of the season’s shipments are a* follows:

The coastal shipping position is very good, apart from Auckland, and merchants say that the situation at that port, too, has improved.

Quotations to Farmers x Quotations to farmers for various lines of small seeds and other produce are aa follows: Potatoes.—Sutton Supreme, £2O a ton) Red Dakota, £l9 15s; anv other variety. £lB 15s. All prices f.0.b., sacks extra. Wheat.—Tuscan varieties, Ila a bushel on trucks. Premium of 6d for Marquis and Is for Hilgendorf. Ordinary anto in. crements: April, Id a bushel; May, 2d; June. 3d; July, 4d; August, 41d; September, sd. Special Increments, inclusive of ordinary increments for wheat held on the farm and delivered to the mills direct from the farm on which it has been grown: April, 3d a bushel; May, 4d; Jung, sd: July. 6d; August, 6d; September, 6d. * Ryegrass (M.D.).—Certified perennial mother seed. 18s 6d a bushel; p.p.. 11*; • uncertified, 10s. Hl mother seed, 18s 6d a bushel; standard, 18s; uncertified, 10s. Italian, mother seed. ISs 6d a bushel; standard, Ila 6d; uncertified. 7a 6d. White Clover.—(M.D.) mother seed, M 3d per lb; p.p., 3s id; uncertified, 3s 10d. Red Clover (Cowgrass)/—la Mto h per lb. machine dressed. Cocksfoot.—is to Is 6d per lb. certified depending on quality. Browntop.—(M.D.) 98/90’s. 2s 9d per lb. Lupins.—7s to 7s 6d a bushel, on trucks (sacks extra) Onions.—£3o a ton (sacks extra): pries nominal. Malting Barley.—Preferred varieties, Is 6}d a bushel; other varieties, 8s Old (all prices fto.r M sacks extra). Cape Barley.—Bs 0)d a bushel (Lox. sacks extra).. DUNEDIN (New Zealand Press Association) DUNEDIN. May 33. There has been a quiet week in the seed market, but this is expected at this time of the year. No seeds are going out fat retail purposes and only an export demand would keep the markets buoyant The overseas inquiries this month have been distinctly limited, so little export business has been recorded. There la still an easy tone about the white clover market with sellers predominating.

COMPANY REGISTRATIONS

Registration of the following companies Is notified in the current issue of the "Mercantile Gazette":—

Homecraft Furnishing Ltd., private company. May 6; 110 Manchester street Capital, £4OOO In £1 shares. Subscribers:— Christchurch: F. R. C. Tunnicliffe 3750. M. P. M. Tunnicliffe 250. Objects: manufacturers and dealers in carpets, floor coverings, and incidental. Rolleston Hotel, Ltd. Private company. May 6: Main road, Rolleston. Capital £5OOO in £1 shares. Subscribers:—Rolleston: L. H. Nicolle 4999. C. L. Sturge L Objects: acquire Rolleston Hotel, hotelkeepers. and incidental. Watson (Stuart), Ltd. Private company. May 6; 5 Victoria street. Capital. £2oo# in £1 shares. Subscribers:—Christchurch: A. S. Watson 1950. H. M. Watson 56. Objects: hardware merchants, builders’ suppliers, and incidental. Sheehan Motors. Ltd. Private company. May 8; 15 High street. Dannevlrfce. Capital, £3OOO in £1 shares. Subscribers:— Dannevirke: B. Sheehan 1500; Christchurch: G. S. G. Bennett 750, E. J. Dykes 750. Objects: Garage proprietors, dealert in, hirers, etc., of cars, and Incidental. Addinsell (H.). Ltd. Private co.. M*y 6: 63 Cathedral square. Capital. £2OO in £1 shares Subscribers:—Christchurch: H. Addinsell 199. P. AddinseU 1. Objects: acquire patents, brevets d’envention. etcand incidental.

Sydenham Jewellers, Ltd. Private company. May 7; 187 Hereford street. Capital. £6OO in £1 shares. Subscribers:—Christchurch: L. Thompson, J. A. Reese, and D. N. Woodham £OO each. Objects: watchmakers. jewellers, and Incidental. Midland Holdings. Ltd. Private company, May 8; 253 Madras street. Capita. £lOOO in £1 shares. Subscribers: Southern Rhodesia: N. M. G. Black 999: London: A. Sims 1. Objects: acquire shares, stocks, debentures, and incidental.

vet to be doubled. Hie table is as follows:— Price per lb or bushel 1839. 1960. 1931. 1952. 1963 White clover 1/3 4/6 4/3 2/1 3/3 Red clover.. 8d 1/6 2/1/3 2/H.l —— 14/18/S 12/6 Per. rye Italian i rye .. 5/6 4/5 27/6 27/6 15/6 18/12/6 15/Cocksfoot .. 7»d 1/1/9 Browntop .. 1/4/6 5/9 3/2/9 Wheat 5/9 8/6 9/9 IVPotatoes (a ton) £8 £19 £11 £121 £29 Onions (a tpn) £14 £33 £14 £23 £K

Destination. Sacks. Wellington .. 32.31# Napier. Gisborne .. 12,71# West Coast. MX .. 10.017 Auckland .. 94)81