COMMERCIAL

Gisborne Herald, Volume LXVIII, Issue 20572, 4 June 1941, Page 10

COMMERCIAL

AMERICAN WOOL. STOCKS

The effect of the larjre imports of wool by tlie United States from Australia and other British Empire countries is that American stocks of imported apparel wool on April I were estimated to be 149,000,0001 b., or more than twice the quantity on hand a year oefore. The total does not mean that the stock is unduly large, AilJioutfii it is tin; highest recorded for about 20 years. Part of it is the reserve holding of Australian wool behitf accumulated by the British Government in the United States, so that urgent requirements can be readily obtained by Great Britain, Winehcombo Carson, Limited. Sydney, reports.

The stoek position has not affected tin* level of wool markets in the United States. Prices on the New York futures top market rave been on much advanced levels for the past three weeks. They are a .qood indication of values for the sheep’s staple on the country's markets.

America has become a powerful factor in the wool world. She has not only imported Treat quantities of British wool, but has also boon by far the largest buyer in South Amo* *icnn countries, which are practically dependent on nor demand for the ready sale >f their clips.

N.S.W. BUTTER OUTPUT

Butter production in New South Wales continues to decline, states a veport issued bv Prescott Proprietary. Limited, Sydney. This decline is expected to continue until mrimr. It is much more marked in some districts than in others. The decline in arrivals in Victoria was heavy. Supplies in Queensland arc steadily decreasing, but the South Australian output remains at about recent levels,

FARMERS' APPEALS

When hearing appeals in Whakatane, the chairman of the Armed Forces Appeal Board, Mr. S. L. Patterson, S.M.. warned farmer appellants that sine die adjournments would be severely -'reviewed before the married men’s 'ballot took place toward the end of the year. He stated that every single man would be sent that was possible and some i eduction in production would be necessary. The chairman added that many farmers had retired who were liL to work and these would be required to return to their farms to release single men.