FIRM WOOL VALUES

Dominion, Volume 27, Issue 69, 14 December 1933, Page 12

FIRM WOOL VALUES

Strong Competition at Sydney GOOD CLEARANCES By Telegraph.—Press Assn.—Copyright (Received December 13, 9.55 p.m.) Sydney, December 13. At the Sydney wool sales to-day, 12,235 bales were offered, of which 11,532 were sold at auction; 3053 bales were sold privately. There was strong general competition from Yorkshire, Japan, Germany, Italy, France, and local users, with satisfactory clearances. The market was firm. Greasy merino made 29}d. for four bales from Upper Manilla.

Melbourne Sales Strong

By Telegraph.—Press Assn.—Copyright. Melbourne, December 13. To-day's, wool sales showed the market as still strong. Any alteration ’n prices was in sellers’ favour. About 8800 bales were offered, and a good clearance was effected.

DAIRY PRODUCE

London Markets Quiet The New Zealand Producers’ Co-opera-tive Marketing Association’s weekly cabled market report from London, dated December 12, is as follows: —Butter t Market quiet. New Zealand, 71/- to 72/-; Danish, 112/-. Cheese: Market steady. New Zealand white, 49/-: coloured, 45/- to 46/ 1 . . ..'

Colombo Tea Auction

By Telegraph.—Press Association. Dunedin, December 13. Mr. L. M. Wright has received the following cabled report on the Colombo tea auction of December 12. The market for common teas advanced 2 to 3 cents, while good broken Pekoes were slightly irregular, and the demand for other grades was loss active than at the previous sale. The quantity auctioned was was 2,010,000. At liext week’s • sale 2,610,0001 b. will be catalogued.

Grain and Produce

Prices of grain and other produce in the Wellington markets are quoted by Laery and Co., Ltd., as follow Australian barley, 3/8 bushel; barleymeal, £6/7/6 ton. Bran. £5/17/6 ton ; chaff, prime Blenheim, £4/10/-; prime Wairarapa, £4 15/-; mixed fowl feed, 4/3 a bushel; lucerne meal, 8/6 1001 b.; maize, crushed, 4/10 a bushel; whole, 4/3 a bushel. Oats: Algerian; 2/8 a bushel; Gartons, 2/6 and 2/7 a bushel; ground, £6/15/a ton; peameal, £6/16/6 a ton; Prussian blue peas, 8/6 a bushel; partridge peas, 5/6 bushel; crushed peas, 4/3 bushel; oat pollard. £3/15/- a ton; N.Z. wheat pollard, £5/17/6 a ton; wheatmeal, £B/5/- a ton ; wheat, 4/4 to 5/- a bushel. Eggs, first grade, 1/3 per dozen. Butter, farmers’ separator. 6d. to 6}d. per lb. Chicago Wheat Futures New York, December 12. Chicago wheat futures: December, 85 7-8 cents a bushel; May. 86} cents; July, 84 7-8 cents. New York, cash, 96} cents.

CUNARD AND WHITE STAR

A Possible Scheme The discussions which have been taking place for some time between leading representatives of the Cunard and White Star Companies are believed lately to have been proceeding satisfactorily, said the shipping correspondent of “The Times” on November 7. Although the assumption seems ■ justified that no definite agreement has yet been reached, much is likely to have been done to prepare the way for the formation of a separate organisation to which the passenger liners employed by the two great companies in the North' Atlantic services could be transferred. By such a plan any idea of avoidable competition between the fleets of the' two ownerships would be eliminated. In the event of the creation of'a distinct operating company the two parent companies would, presumably, preserve their present separate identities, and they would maintain separate financial structures. They would each be shareholders in the new enterprise. Various associated companies interested in services other than the North Atlantic would not be affected. It may well be imagined that the preparation of a scheme providing for the creation of a senarate operating company for the North Atlantic ships of the two leading British passenger lines involves an immense amount of detail, ail of which would need to be dealt with before the plan could be completed and receive the approval of the two boards.