WOOL MARKET

Gisborne Times, Volume LXVI, Issue 10451, 5 December 1927, Page 5

WOOL MARKET

NAPIEII WOOL SALE. .. POVERTY BAY’S QUOTA ’ ', DELAYED. Although many of the local brokers were doubtful on i'rlday, word Was received in Gishorne on Saturday that any wool which arrived in Napier on Saturday would..be included an the catalogue for Friday’s sale. ' Owing to the Elsie Mary not arriving m Napier on Saturday it is thought that 'Poverty Bay’s allotment would be short by her cargo of 283 bales, but the local agents are hopeful that the wool will be catalogued as it would probably have arrived in Napier yesterday. The Elsie Mary , left Gisborne on Saturday morning at nine o’clock, but, finding the condition of the sea becoming worse the further lie proceeded, . Captain Owen returned to port. The vessel, however, sailed again at 11 p.m. and was duo at the Hawke’s Bay port- yesterday afternoon.' - * ' : LONDON 4VOOI/*SALES. PRICES FULLyIvIAINTALYED. CCJnited presr Assn.—Copyright) (Received Dec. "4, 5.5 p.nil) LONDON, Dec. O. At the wool sales 7885 bales were catalogued, of which 5302 were Australian and 2583 New Zealand. There was a good ■ selection of all descriptions of Merinos and an excellent selection of greafey crossbreds, which were mostly speculators’ lots.; There wore a few scourcds . and sßpes. Everything sold well under keen, general competition, prices being fully maintained. There were few' withdrawals.— A.N.Z.C. A. TRADE BECOMING CAUTIOUS. (Received Dec. 4. ,5.5 p.m.) LONDON, Dee. 2 Describing the position of tile Bradford market a .correspondent writes: •‘Quotations for..all qualities tops are firmly maintained. Spinners and manufacturers, however, are disinclined to speculate more freely. Many of theni are of the opinion that;' for B the ‘ period, the market lias about reached . the highest level and they are prepared to stand out for a time, as they have fairly well covered requirements. They are encouraged in this attitude by the refusal of tlieir customers to follow the,further upward movement in the values. 'At the moment, spinners are being pressed for quick delivery of yams and more of them are being compelled to work, overtime. There lias been a good deal more machinery brought into action in this department, but the presen (, pressure is mainly due to manufacturers having let stocks get down to a low level and tuny they are pressed for seasonal goods. Ju view of the limited amount of new business spinners fear the present activity may soon fail away.”—A. and N.Z.C.A. GLAND GRAFTING OF SHEEP. MORE MEAT AND MORE AND • BETTER. WOOL. (Received Dec. 4, 5.5 p.m.) LONDON, Dec. 2. Voronoff's gland grafting' experiments on sheep in Algeria appear to bo meeting with much success. Reports published in Paris from Pierre Millo, one of the leading French’ colonial authorities, describe the experiments in which twenty young rams were grafted and twenty of the .same age lion-grafted and set aside ioi comparison.' When the weights were tested after a prescribed period, the nbn-grafteds averaged 31 kilos 820 grammes and the grafteds 41 kilos 700 ‘grammes. The grafteds gave more abundant and silkier wool, the weight of the average fleece, being 75U orrammes over the non-grafteds. M. Mille says identical results have been obtained .in French ’West Africa. Jt is believed tests wiU shortly be tried in France.—A.N.Z.C.A. •