THE WOOL MARKET.

New Zealand Herald, Volume LX, Issue 18458, 23 July 1923, Page 7

THE WOOL MARKET.

RECENT LUNDON SALES. .■'■>' " ' ! HALF FOR CONTINENT. w Australian and N.Z. Cable Association. (Reed. 4.5 p.m.) LONDON, July 21. It is estimated that 95,000 bales were sold at the recent London wool Bales, of which the Continent took ,48,500,, and America 1500. The quantity available for September is 226,000 bales. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London office, under date July 19:— * London wool sales abandoned.. The next series will commence on September 4. Arrivals up to July 5, Ruahine, Hurunui, Kaikoura, Hannah, "Berwickshire, are available.

THE DRAFT ALLOWANCE. DISPUTE' WITH AUSTRALIA. A. and N.Z : LONDON. July 20. The British Wool Federation passed a resolution pledging members not to, buy wool in Australia unless the draft allowance stands, and has cabled instructions to that effect to their buyers in Australia. MARKETING OF WOOL. AUSTRALIAN CONFERENCE. A. and N.Z. . MELBOURNE, July 21. The Chamber of Agriculture rejected a recommendation that a levy of 6d be imposed on each bale of wool sold in Australia to establish a fund for the protection and development of the industry, but passed a 'motion'for a national conference to devise a method of marketing Australian wool to the best advantage.