WOOL MARKET.

Manawatu Standard, Volume XLVII, Issue 56, 3 February 1927, Page 5

WOOL MARKET.

SALES IN LONDON. LONDON, Feb. 1. At tho wool sales there was a good selection of greasy -crossbred and ail average lot of merinos ,with strong general competition at full late prices. New Zealand sale: HW/TR, top price 16}d, average 14}d.—A. and N.Z. cable. STATISTICS OF RECENT SALES. For the wool season of 192 G-27 three sales have been held in Wellington, and the sfatisties in connection therewith, as compiled by tho secretary (Mr W. D. Gorham), of tho Wellington Woolbrokers’ Association, are interesting. Tho figures show as under: —

Another excellent feature is the decrease in the passings. At the November sale about 11 per cent, of the offering remained unsold; at the December sale the passings equalled 2.9 per cent., and in January to 1.9 per cent. It will be noted from the average prices per bale that a bale of wool sold at the January sale realised 23s 33d more than at the November sale, but of course the wool offered in January was of much better quality than the wool offered in November. At the three sales held this season 55,227 bales were sold, and averaged £l7 16s 9d per bale. The weights of the wool sold at the three sales compared with the weights for the corresponding sales of the previous season compare as under:—

The quantity offered this season is only slightly less, and shows that local sales are now firmly established. Tho gross proceeds realised at the three sales, and the realisations at the corresponding sales of tho previous season are shown in the tables appended:— 1926-27. 1925-26.

In the soason 1925-2 G, tho number of bales sold was 54,578 bales, and for the three sales of Hie season 55,227 bales, so that the smaller quantity sold in 1925-26 realised more than the larger quantity sold this season.

FROZEN MEAT.

COMPETITION WITH FRESH

WELLINGTON, Feb. 3. At a meeting of tho New Zealand Farmers’ Union Executive yesterday the secretary reported that a resolution of the Dominion executive had been forwarded to the Meat Producers’ Board urging that New Zealand butchers should be compelled to label as frozen all meat procured by them from freezing companies, inasmuch as the sale of such meat by butchers had seriously lowered the prices received by the farmer for winter fat stock.

Mr O. P. Lynch (Manawatu) said that dumping, of meat into butchers’ shops by freezing companies during the winter months was undoubtedly going on, thus spoiling the market for growers of fat stock.

The president (Mr J. Poison) urged upon members that the question was a big one and affected not only mutton, but butter and other products of their farms. Most of them were aware of tho operation of the new Act in connection w-ith dairy produce in Australia, where it had been working for some time. He believed it was called the Paterson Act and had been found successful and a great help to the Australian producer. Instead of the London parity being the price, it was the London parity plus freight, equal to 2d a lb, to the Australian consumer. The effect had been to assist the Australian butter producer immensely. They had to pay an increased price for everything as a result of protection. If every other class was to bo sheltered, why should not the primary producer receive some benefit also? That was something which had never been thought about in New Zealand. He would not say that it was sound or unsound, but it was a very important question which had not received the attention in New Zealand that it had roceived in other countries. It had been successfully operated in Australia, and was being put into operation in the United States at tho present time. It was a method by which the primary producer would be able to participate in the benefits which protection or a tariff gavo to every other section of the community. The primary producer in New Zealand received no benefit, ho could not make ends meet, was losing money and was eating into his capital. It was their duty to explore every possible channel by which they could render some assistance to thfcir fellow primary producers. They should obtain some information as to tho scheme in Australia and consider whether it would not be wise to ask for something of the kind in this country. That was why the question of dumping meat was more important than appeared on the face of it, for there was an important principle involved. The question of dumping meat, butter or anything else in their own country was a serious matter.

LINSEED MARKET. The Department of Agriculture has received the following cablegram, dated Ist instant, from Calcutta with regard to tho linseed market:—We quote £IG 10s for linseed per ton net c. and f. Sydney for immediate shipment. Market firm.

CHICAGO WHEAT QUOTATIONS. NEW YORK, Feb. 1. Chicago wheat quotations are: May, 141} cents per bushel; July, 132 f cents; September, 129} cents. — A. and N.Z. cable.

TALLOW, RUBBER AND TIN. "LONDON, Feb. 1. Tallow stocks, 8387 casks; imports during January, 1494 casks; deliveries, 159 G. Rubber stocks, 54,653 centals.

Tin stocks, 14,193 tons; on spot, 273; afloat, 1734; deliveries during January, 2514 tons. —A. and N.Z. cable.

In reply to a request from the New Zealand Farmers’ Union executive that tho royalty of Is per snout on wild pigs be reinstated, a letter from the Commissioner of State ' Forests read to the meeting of tho executive yesterday in Wellington stated that the royalty had been paid for three years and about 47,000 snouts had been paid for, but tho pigs were apparently as bad as ever, and the bonus nad been dropped. The Direc-tor-General of Agriculture was trying poisons and hoped to find one which would bo an effective means of getting rid of this most troublesome pest.

Salo Bales. Bales. Aver, per bale. Aver, per. lb. in offered. sold. £ s. d. d. Nov. ... 11,029 9,815 16 9 9J 11,257 Dec. ... 19,331 18,762 17 7 6 11,762 Jan. ... 27,163 26,650 18 13 14 12,452

1926-27. 1925-26. ib. lb. November ... 3,449,662 3,253,119 December ... 6,651,970 7,732,071 January .... 9,583,202 8,726,387 19,684,834 19,711,577

£ s. d. £ s. d. Nov. ... 161,856 19 3 181,264 12 5 Doc. ... 326,022 17 8 378,093 6 5 Jun. ... 497,210 3 1 428,194 15 11 985,090 0 0 937,552 14 9