THE WOOL MARKETS.

Manawatu Standard, Volume XLV, Issue 139, 16 May 1925, Page 3

THE WOOL MARKETS.

POSITION MUCH BRIGHTER. LONDON, May 14. Messrs 11. Dawson and Company’s review lof the wool sales, after dealing with the factors which led to the slump, suyß: “As far as merinos are concerned, the indications are that the rot has been checked for the timo being. Continental stocks are low, and the American are lower than for years, while Yorkshire stocks now give cause for anxiety. The crossbred position has brightened considerably. Heavy, expensive holdings in Yorkshire are mostly with strong holders, who, if willing, can afford to cut their losses and enoourage a quick return to business. The principal remaining cause of anxiety is the temporary financial stringency, but it is hardly conceivable a financial impasse will develop now, for there is every sign that the worst of the trouble is past. A turn of the wheel, though painful to some, is bound to favour the trading and consuming sections of the community and pave the way for healthy, prosperous business on the present basis." —A. and N.Z. cable. LONDON SALES. Levin and Co., Ltd., have received the following cable from their London ngeiyts, dated 14th May, 1925 : —The auctions "f!ave closed ut their beet point with strong competition, Home buyers operating freely. As compared with the opening rates of this series, we quote: Greasy merino, best 2d per lb dearer, average 2d, fine crossbred 50-56’s 2d, halfbreds 48-50’s no change, fine crossbreds 46-48’s 2d per lb dearer, medium crossbreds 44-46’s 2d, coarse crossbreds 40-44’s 2d, low crossbreds 36-40's 2d. Slipes, combing irregular, clothing about par to 5 per cent dearer. The following prices are currront for average farmers’ lots: Greusy merinos 23d to 26d per lb, scoured merinos 3e lid, greasy super halfbreds 56’s 22d to 24d, greasy fine halfbreds 50-56’s 19d to 21d, greasy halfbreds 48-50’s 16d to 19d, greasy fine crossbreds 46-48’s 15d to 17d, greasy medium crossbreds 4446’s greasy coarse crossbreds 40-44’s 14d to 15ia, greasy low crossbreds 36-40’s 13d to 14id, greasy crossbred pieces l2d to 13d, greasy crossbred bellies llid to 12jd, greasy crossbred locks 7d zo 8d„

CHAMPION BUTTER-FAT COW

Per Press Association. •NEW PLYMOUTH, May 15. The champion butter-fat cow of the world, Alcartra Clothilde P'ictje, which put up a butler-fat record of 1145 pounds in 365 days, and sixteen days later produced twin heifer calves, was sold to-day by Mr Vernon Mark for Z BS guineas, to the W. Bloomfield Stud Company. Upper Hutt.

OFFER OF LAND FOR SETTLEMENT.

Per Press Association. GISBORNE, May 15.

During a recent visit to Poverty Bay of the Minister of Lands, a deputation from the Chamber of Commerce Close Settlement Committee submitted £, proposal for tlie Government to acquire certain properties on the coast for subdivision, pointing out that young men with small capital could not take up large- holdings. Several properties had been offered to the Minister by private owners at exceptionally low prices. At yesterday’s meeting, however, it was announced that a letter had been received, slating 1 Hint the Government could not consider any of the offers.

After discussion, in which it was pointed out that in some cases properties been offered at 33 1-3 per cent below the valuation in order that the land might be subdivided and settled, it was decided that- the Goveritment be asked to reconsider its decision.

WHEAT QUOTATIONS. NEW YORK, May 14. Chicago wheat quotations: May, 168; July, 132,1; Scpteruebr, 1431 cents per bujihel.—A. and N.Z. cable, At Okoia there is a cow that has occasioned considerable interest because, through some unknown cause, the animal’s head and neck have swollen to a tremendous size until the cow now resembles a shaggy buffalo from the prairies of America. As an exhibit the cow is unique and would be valuable if taken on tour as a side-show at an agricultural exhibition (states the Wanganui Herald). ' The monstrosity eats heartily and is a good milker I with a high butter-fat test.