BETTER WOOL PROSPECTS

New Zealand Herald, Volume LXIX, Issue 21273, 29 August 1932, Page 5

BETTER WOOL PROSPECTS

TO.DAy'S SYDNEY SALES RISE OF 20 PER CENT EXPECTED (Received August 28, 5.5 p.m.) SYDNEY, Aug. 27 Indications point to prices at the wool sales to be opened at Sydney on Monday showing a rise of 20 per cent above the June rates. This estimate is based on recent private sales, and the possibility of the clip being light in many areas owing to dry weather. It is believed that China will buy 400,000 bales of wool this season. A total of 92,000 bales will be offered at the first series of Sydney wool sales for the 1932-33 season, which will open today. The sales will continue utitil September 8. Judging by sales of local felmongered and passed-in wools effected privately in Sydney early this month, and the keen inquiry for supplies, the prospects for the opening Sydney auctions point to at least the maintenance of the improved prices experienced since June, states the Sydney Morning Herald. "Tho Continent and Japan have been among lecent purchasers, inquiries being more widely distributed than for some time. Any change in values has been upward. In view of the extensive quantities taken by Japanese operators last season, their operations are assuring, indicating that the mills in that quarter are not oversupplied with raw material. The sales made to the Continent are also a favourable feature. Inquiry from that quarter was not normal during the past season, and a revival in it would have good effect, particularly on the finer wools. The firmer trend in wool prices has coincided with improved values for other raw materials, tin, among other commodities, selling at higher figures than have been seen for many a long day. Indications for the new wool-selling season can, with sound reasons, be regarded with hopeful feelings'." IMPORTED TOMATOES DOMINION GROWERS ALARMED AUCTIONEERS* AID SOUGHT The Christchurch Tomato and Stone Fruit Growers' Association is protesting against importation of Queensland tomatoes. This influx, it is claimed, is a serious menace to the New Zealand growers, and unless immediate action is taken to prevent a market being established, meu will be driven into the ranks of the unemployed, and capital invested will be jeopardised. It is agreed that the menace could be combated by auctioneers refusing to sell the imports. The city auctioneers are to be asked to discuss this possibility with them. Mr. H. T. Falla, the president of the association, has made extensive inquiries in Christchurch, and ascertained that two lots of Queensland tomatoes had been received on consignmnt by two firms of city auctioneers.! The Sydney market, ho said, had been bad when these tomatoes had been sent there, and they had consequently been dumped here in New Zealand. Although the sale for these was as yet small, the principle was far-reaching and dangerous. " It is all very well for us to go to the Government with our complaint," he continued, "but the auctioneers can do a lot to help by discouraging the import of these tomatoes." : Similar complaints have been registered in regard to the importation of Cook Island tomatoes. The first shipment the season, about 3700 cases, arrived in Wellington last week. " Growers are very concerned that the Cook Island toinatoes "have landed in New Zealand at a period when they expect to get a good return for the early crop," said a prominent Christchurch grower. "It is certain that during the Dominion conference of fruitgrowers at Wellington early next month the question of restricting the import of Cook Island tomatoes will' be gone into with the various Ministers concerned." KAWARAU GOLD SEARCH DECIDING SITE FOR NEW DAM [BY TELEGRAPH—OWN correspondent] DUNEDIN, Saturday * As the result of a recent visit to the river by directors of Kawarau Amalgamated Company the site most favoured for the new dam is about a quarter of a mile below the junction of the Arrow and the Kawarau, but final choice of the site is deferred until the engineer has thoroughly examined the adjacent land and water.