LONDON WOOL TRADE

New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 7

LONDON WOOL TRADE

PERPLEXING SITUATION EFFECT OF PRICE-CUTTING LONDON, Feb, 9 Dawsons, commenting on the London wool sales, says there was considerable divergence in values and tone between London and some ultimato markets. Therefore, it is impossible to diagnose the actual position. While London revealed a surprisingly strong and steady demand for finer grades the consuming centres, especially Roubaix and Bradford, were gripped by a lack of confidence. This is especially depressing and perplexing in view of the supply position. Spinners are finding that the renewal of price-cutting is disintegrating the market. This dominates the situation, in spite of the general belief that wool is so cheap. The season is too far advanced for a serious decline. BRADFORD TOPS CAUTION OF USERS LONDON. Feb. 9 The Bradford tops market is quiet. Today's quotations compared with those for the threo previous weeks are:— Jan. 19 Jan. 26 Feb. 2 Feb. 9 ' Per lb. Per lb. Per lb. Per lb. d d <1 d Seventies . . 241 241 24J 24 Sixty-fours . . 231 23 23 221 , Sixties . v 211 211 211 211 ! Fifty-sixes . 181 18} 181 181 ! Fifties . . 121 121 121 L'^i I Forty-sixes . 9! 91 91 91 Forties ..9 9 o" 9 | LONDON SHEEPSKIN SALES LONDON, Feb. 9 At the London sheepskin sales to-day 4617 were offered, including 1262 from New Zealand. There was active Homo and Continental competition. Ninety per cent was sold. Prices advanced compared with December sales as follows:—Australian Merinos, fine crossbreds, par to id per lb; half-wools about £cl; medium and low, unchanged ; New Zealand halfbreds, par to medium and low crossbreds, unchanged; lambs and hoggets, id to £d. THE CITY MARKETS GLUT OF PEACHES OTHER FRUITS PLENTIFUL f Peaches were in over-supply at the' City Markets yesterday and prices were the lowest ruling for some time. Largo quantities of other fruit also came forward, values generally being easier. Good quality dessert apples were in fair demand at slightly higher rates, tlmt cookers were extremely dull of sale. Dessert plums met with a firm demand at somewhat advanced levels. Tomatoes, which have been hard to sell, moved out more easily and there was a good demand for apricots in satisfactory condition. Lemons were again in short supply, values being a shade higher. Large quantities of mushrooms were on the market, causing a decline in price. The demand for hothouse grapes was poor. The vegetable market, was glutted with potatoes and cucumbers, cabbage and pumpkin also coming forward in more than sufficient quantity. Potatoes failed tc maintain last week's prices and sold 3d lower at up to 2s a bag. Cucumbers were unsaleable, even at the extremely low prices of Is for 12 dozen. Cabbage declined in value by 2s a sack, selling at from 2s 6d to 4s 6d a sack. Pumpkins were slow of sale at up to 104s a cwt., s reduction of Is. There were also good sup plies of cauliflower, green peas, beans and celery, prices generally show ill g little change on last week. A heavy supply of poultry met with a fairly keen demand, prices being unchanged. Eggs showed no change t>n prices realised earlier in the week. Prices were:— FRUIT Apples, Gravenstein. choice, 4s to 6s 6d others. 2s to 3s; Albany Beauty, 3s to 7s 6d windfalls and others, Is to 2s; cookers. 2s to 2s (id; pears, Bon Chretien, 4s to 6s cookers, 2s to 3s; nectarines. 3s 6d to 6s apricots. 5s to 6s: peaches. Paragon, Is 3d to Is 9d; in trays. 3 to crate. 3s to 3s_ 6d; others. Is 3d to Is 6d; plums. Purple King 4s to 6s 6d; Doris, 3s to ss; Satsunia, 2s tc 3s 6d: others, 2s to 2s 6d; raspberries, 4f per tin; oranges, Australian Valencias, 14t to 18s; American Valencies, 35s to 39s blackberries, 4d to 5Jd a, chip; tomatoes extra choice, ripe, 3s 6d to 4s a case; extra choice, half ripo, 3s to 6s; others. Is tc 2r 6d; bananas, No. 2 and medium, 8s tc 13s; No. 1, 13s to 15s 6d; cape gooseberries 3d to 4d a lb; quinces, 6s 6d to 7s 6d f case; strawberries. Is a chip; lemons, 9s tc 15s a case; grapes, extra choice, hothouse liamburghs, 9d to lOd a lb; others, 4d tc 7d; mushrooms, about 5a per benzine tin. ' FIELD PRODUCE Potatoes, In to 2s a bag; swedes. Is 6d t< 2s 6d; onions. 2s 3d to 2s 6d; kumaras. lie to lid a lb; cabbage, 2s 6d to 4s 6d a sack cauliflower. 6s to 7r» 9d; pumpkins, 3s to 4s a. cwt; unsaleable; carrots, 6c to-Is a dozen; turnips. 6d; radish, 6d to 9d spring onions, 6d to Is a bundle; spinach 6d to 9d a dozen; green peas, 3s to 7s 6c a bag; beans, Is to 2s 6d; marrows. Is tc 2s a dozen; melons, citrus, 4d to 7d each watermelons, 4d to Is; lettuce, ,1s 6d to 7i a case; celery, cooking. 6d to 9d a bundle desseit, Is to Is 8d; rhubarb, Gd to Is f dozen. Cockerels, heavy breeds, prime, 2s 6d >< 4s; not prime, Is rip; light breeds, prime la 6d to 2s 6d; not prime, 6d up; fa roosters, heavy breeds, prime, Is 6d to li 9d ; light breeds, Is to Is 6d ; fat hens, heavj breeds, Is 3d to Is 9d; light breeds, 9d tc Is 3d; pullets, heavy breeds, best. 2g 6d tc 4s; smaller. Is Pd up: light breeds., best 2s 6d to 4s; smarter, lid up; drakes, young prime, Is to Is 6d: smaller. 6d up; old, 9c to Is; ducks, young, Is 6d to 2s 6d; old 9el to Is. DAIRY PRODUCE Hen cites, first quality, 1b 31d a, dozen B grade." Is 2Jd. Sid; duck eggs, first qua] ity, Is 2'd; B gradrt, Is Hd; C grade, 104 cl Farmers' butter, 6d to 8d a lb. NEW COMPANIES FORMED SOUTHERN REGISTRATIONS The following private companies havi been registered in Southern centres:— j Lawson's Flat Gold Sluicing Company j Limited (Christchurch), to acquire mininf i privileges in West In nd. Capital: £2O,OCX |in 400,000 shares of Is each. Subscribers : Hokitika—D. R. Stuart, 4000 shares; J jS. Langforrl. 2000; G. W. Kellar, 500 j Christchurch—T. J. Maling, 2000; A. Mc j Kellar, 2000; B. Falck. 2000; W. R Carey, 2000; L. W. Broadhend, 2000 Dunedin—R. H. Stevenson, 2000. Ivai hinu —C. Cook. 2000. Charleston Sluicing Company, Limitec (Christchurch), to acquire mining privi leges and assets •held by G. M. and S Powell. Capital £IO,OOO in 200,000 share: of Is each. Subscribers: Christchurch— J. R. McKenzic, 4000 shares; T. New burgh, 2000; H. C. Foster, 500; M. I Young, 2000; W. G. McDonald. 2000 Dunedin—S. P. Cameron, 400. Gold and General Investment Trust Limited (Christchurch). Capital: £250( in 2500 shares of £1 each. Subscribers— C. R. Harris, 1250 shares; W. L. Hen derson, 1250. Payes Tannery. Limited (Wellington) Capital: £2IOO in 1400 preference share: of £1 each and 700 ordinary shares o £1 each. Subscribers: Wellington—R. G Buckleton, 700 contributing pref., 50 or dinary shares; H. Beder, 200 ordinary S. Payes, 200 ordinary; Y. Payes, 20( ordinary; C. H. Chapman, 700 vendor": preference and 50 ordinary. INCREASES IN CAPITAL Mining Trust and Finance, Limitec (Auckland) —Capital increased to £2OOO the creation of 1000 shares of £1 each. Gilmour Oil Company (N.Z.), Limitec (Auckland) —Capital increased to £220,00( by the creation of 65,000 shares of £] each. Victoria Laundry, Limited (Wellington] —Capital increased to £50,000 by the crea tion of 14,000 new shares of £1 each.