COMMERCIAL

Grey River Argus, 29 December 1934, Page 5

COMMERCIAL

CANTERBURY WOOL EXPORTS. (Per Press Association.) CHRISTCHURCH, December 28. At this time last year, five overseas ships lay in Lyttelton loading wool. Wool was then rather an exciting commodity, because at the first Christchurch sale a week or so before its value had risen far beyond the most sanqu’ine dreams of the most optimistic grower. In Lyttelton yesterday two were loading wool, the Benreoch and the Port Campbell, and between them they will take away from here a little more than 6000 bales. The five ships last year lifted more than 20,000. In all. about 13,000 bales of wool sold at the first Christchurch sale this year will be shipped overseas, to Lug land, the Continent, Canada, and Japan. This is a ver v small amount, but 'it is due entirely to the reluctance of farmers to sell their clips at the first sale on December 13. They held off for better prices, but most of them, having decided that prices would not rise, have sent the year’s clip in for the second on January 28.

FRENCH WHEAT PRICE FALLS. LONDON, December 27. The “Financial Times’s’’ Paris correspondent says: Under the new wheat law, the obligation not to sell wheat below 108 francs per quinta) has disappeared, and the restoration of the free market, despite the holi dav attendance on Wednesday, resulted in a number of transactions af (75 to SO francs for three to four months’ delivery.