THE WOOL MARKET

New Zealand Herald, Volume LXXII, Issue 22099, 3 May 1935, Page 7

THE WOOL MARKET

NEXT LONDON SALES VERY FIRM TOME EXPECTED RISE IN PRICES Dalgety and Company, Limited, has received the following cablegram datec May 1 from its London house: —The wool market is very firm. We expect a rise in prices at the opening of the sales on May 7 of 7} per cent to 10 per cent as compared with the closing rates of the last series. The list of arrivals closed on April 29. The following vessels in which we are interested have arrived in time: — Akaroa, Mamari, Maimoa, Northumberland, Rangitiki, Matakana, Waimana. We will sell on May 8, 10, 14, 16, 21 and 24. The sales will close on May 24. GOOD SALE AT BRISBANE HIGHER PRICES OBTAINED . (Received May 2, 9.45 p.m.) ' BRISBANE, May 2 The Brisbane wool sales were continued to-day. There was strong demand for all descriptions and. the market showed a firming tendency. Top prices were: —Greasy, 16d; scoured) 26Jd. There was a further definite advance of 5 per cent. Bidding was keener b.v German representatives who purchased most of the higher priced fleeces. Japanese buyers also provided spirited competition, but Bradford and French operators were quiet. EXPORT OF MEAT LARGER SHIPMENTS MADE LESS FROZEN BEEF Larger shipments of practically all classes of meat have been made to the United Kingdom this season, according to progress returns to April 15 issued by the New Zealand Meat Producers' Board. For the period from October 1, 1934, to April 15, 1935, totals ol' 4,836,064 carcases of lambs and 1,086,669 carcases of mutton were shipped, compared with 4,536,062 carcases and 803,280 carcases in the corresponding period of last season. The shipments of chilled beef were 25,721. quarters, against 11,160 quarters, anc. of boneless beef, 113,793 bags, against; 101,378 bags. Pork exported amounted, to 346,212 carcases, compared witli 274,505 carcases. The only decrease halt been in frozen beef, of which 168,740 quarters were sent, against 219,68 ii quarters. Practically all shipments wern made to the United Kingdom. Killings of stock for the same period m the two seasons compared as follows : 1934-35 1933-31 Beef (Quarters) .. .. 167,552 188,6-1 L Wethers (carcases) .. 815,674 644,755 Hwpb (carcases) . . . 984,030 703,102 Lambs (carcases) .. 7,116,202 6,5(10,80) Porkers (carcases) ~ 309,964 241,621 Baconers (carcases) . . 118,041 90,041 Boneless beei (frt. car.) 112,926 306,89) Sundries (freight carouses) 199,807 171,59) Stocks in store in New Zealand a; April 15 compare as follows: —Beef (quarters), 50,995 (71,885); wethers (carcases), 299,732 (277,010); ewes (carcases), 454,425 (298,603); lambs (carcases), 1,907,530 (1,865,355); porkers (carcases), 79,166 (62,965); baconers (carcases), 22,683 (17,808); boneless beef (freight carcases), 92,98-1 (148,852); sundries (freight carcases), 46,798 (45,803), ' In addition, the following stocks were loaded into vessels nob departed at April 15: —Beef, 2997 (13,183),' wethers, 22,912 (17,317); ewes, 41,531 i (21,369); lambs, 450,287 (230,190) ; porkers, 6714 (3750); baconers, 8447 (4625).

AUSTRALIA'S TRADE ' < FAVOURABLE BALANCE ! FIGURES FOR NINE MONTHS j i (Received May 2, 11.5 p.m.) • j SYDNEY, May SI j The overseas trade of the Commonwealth for, the nine months ended • March 31 disclosed a favourable balance of £10,976,000. For the nine months or the present fiscal year the favourable commodity balance was £5,971,000, com* pared with £31,780,000 for the corresponding period of the previous year. POLLARD PRICES ADVANCE INCREASE OF 5s A TON -The price of local pollarcl has been advanced by 5s a ton to £6i 5s a ton, cx mill, or £6 10s a ton, through store. The Australian position is very firm ab present, and Sydney mills advise that none will be available thidnveek. Queensland buyers are offering from 5s to 10a a ton above the figures at which Net/ Zealand importers are prepared to operate. PRICES "OF METALS ALL-RbUND- INCREASES (Received May 2, 7.45 p.m.) LONDON, Ma? ,1 Following are to-day's quotations on the London metal market, compared with those of April 30. — Way 1 April 30 V Per Ton Per Ton £sd £ a d Copper, stan., spot . . 82 4 4| 31 8 3 Copper, stan., 3 mos. 32 13 lj 31 16 10i. Copper, electrolytic . . 35 10 0 34 15 0 to 1o 30 0 0 35 10 0 Copper, elec., wire bars 30 0 0 • 35 10 C Lend, soft, spot .. 13 5 0 13 2 6 Lead, soft, forward .. 1!) 8 9 13 3 S Spelter, spot .. .. 13 17 6 13 8 S Spelter, forward . . 14 3 9 13 11 3 Tin, Btan., sr>oi .. 2)20 10 0 224 16 J; Tin, stan., 3 mos. . . £2l 2 6 219 12 BUTTER MARKET STEADY The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cablegram, date! May 1, from its London office:— Butter: Choicest salted New Zealand, 77s to 78s. The market is steady. Cheese: White, 43s 6d to 44si; coloured, 45s to 45s 6d. The market is slow. jjfc LONDON TALLOW SALES LONDON, May 1 At the London tallow sales to-day 320 casks were offered and 159 wei sold. Quotations are from 4s to lis higher, namely:—Mutton: Fine, 31s; medium, 275. Beef: Fine, 29s 6d; medium, 26s 6d. The Bank of New Zealand has received the following advice from iv,si London office under date May Tallow: There is a fair demand. Current quotations: Good mutton, 29s €d to 30s per cwt.; beef, 27s 6d to 28w; mixed, 27s to 27s 6d; gut, 24s to^Slfis,