DEMAND FOR WOOL

New Zealand Herald, Volume LXXII, Issue 22202, 31 August 1935, Page 9

DEMAND FOR WOOL

SUPPLEMENTARY , SALE CRUTCHINGS AND ODDMENTS PRICES SHOW ADVANCE [by telegraph—rnrss association] DUNEDIN, Friday A supplementary sale of wool, erutchings and oddments was held today, when catalogues totalling 327.'} bales were offered to a good attendance of buyers, representative of tho Dominion and overseas firms. The bulk of the offering was comprised of erutchings, with odd lots of fleece wool, some of which was quite attractive, though tho bulk was of tho straggler variety.

For line fleece wool and bellies and pieces there was strong competition from all sections of buyers, but the Continent eventually purchased the bulk of the Merino and halfbred wools which were offered. For these wools prices showed an advance, compared with April rates, of from 2d to 2sd per lb. Crossbreds were also in good demand, and prices generally were Id to up on. last season's rates.

Following on the northern sales tho best demand for erutchings was for bulky and coarse lots, which sold well. There was also a good demand for best lots of fine erutchings, but ordinary halfbred sorts did not meet with the same competition as crossbreds. Some of the catalogues contained a number of lots of fleece wool, which sold at 12d and upward, and up to lojd was obtained for light-conditioned halfbred. Thcro was very little Merino offered, an occasional lot of average wool selling up to 13d. Necks, pieces and bellies were keenly competed for by the Continent and up to 13id was paid for halfbred necks. Among erutchings the best price obtained for halfbred was BJd, with several lots at from 7d to Crossbred erutchings bold to 7Jd, the bulk, however, realising from 5d upward. In fleece wool there were very few passings, and of the erutchings offered probably about 70 per cent would be sold at auction, and it was anticipated that a fair amount would be sold privately afterwards.

CANADIAN WHEAT PRICES AND THE SURPLUS WINNIPEG, Aug. 29 The Canadian Wheat Advisory Committee lias concluded its secret sessions, and completed recommendations as to the minimum price of wheat and the best methods of marketing the surplus. The announcement of the proposals has been left to the Prime Minister. PRICES OF METALS TIN FIRMER AGAIN (Received August 30, 7.35 p.m.) LONDON, Aug. 29 Following are to-day's quotations on the London metal market, compared with those of August 28:— Aug. 29 Aug. 23 Per toil Per ton £bd £ s d Copper, stan,, spot .. 33 3 li 33 4 4j Copper, stan., 3 moa. 33 10 7J 33 11 10J Copper, electrolytic .. 36 10 0 36 15 0 to to 37 0 0 87 5 0 Copper, elec., wire bars 37 0 0 37 5 0 Lead, Boft, spot . . 15 15 0 16 0 0 Lend, soft, forward . . 15 15 0 16 0 0 Spelter, spot . . . . 15 11 3 15 8 9 Spelter, forward . . 15 13 9 15 13 9 'J in, stan., spot . . 221 7 6 220 15 0 Tin, stan., 3 moa. .. 211 12 6 210 12 6 BRADFORD TOPS FIRMNESS OF MARKET LONDON, Aug, 29

The Bradford tops market is firm. Following are to-day's prices and those of recent weeks: —

Aug. 8 Aug. 15 Aup. 22 Aug. 29 Per lb. Per lb. Per lb. Per lb. d d (J d Seventies . . 32 32 32 32% Sixty-fours 00% 29% 30 30% Sixties . . 28% 28% 29 29% L''ifty-sixeß . . 20 20 20 20% fifties . . 15 15 15 15 Forty-sixes . . 12% 12% 12% 12% Forties . . 10% 10% 10% 10% CANTERBURY PRODUCE SHIPMENTS OF POTATOES [BY TK I, EG RAP II —PRESS association] CHRISTCHURCH. Friday The grain and produce markets continue very quiet, particularly potatoes, in which very little has been done. Quotations have not moved. Two boats got away this week. The Port Waikato took 1200 sacks from Timaru and 990 from Lyttelton, a total of 2190, and the Waipiata took 661 from Bluff, 2090 from Timaru and 3100 from Lyttelton, a total of 8041. Both ships sailed for Auckland. The Port Waikato also took about 500 sacks for way ports. Consumption in Auckland continues fairly steady, in spite of the high prices there, and, as tho policy this season has be?n to buy from hand to mouth, tho shipments this weeks are expected to keep the market there quiet for a while. One interesting development has been a few forward dealings in next year's crop. Tho basis has been about £l, f.o.b. There has been no movement at all in tho other markets. GOLD AND SILVER QUOTATIONS IN LONDON (Received August 3.1, 7.35 p.m.) LONDON. Aug. 29 Fine gold is quoted to-day at £7 an ounce, compared with £6 19s Hid yesterday. Silver is quoted at 29d an ounce spot, and 28 13-16 d forward, samo as yesterday. The quotations for silver at per fine ay. is 31 5-16(1, samo as yesterday. The following is a summary of the fluctuation in tho price per ounce of fine gold in 1935: — fad Ilighrst piiee, Mnrch 6 .. 7 9 4 Lowest price. August 27 . . 6 19 91 August 20 . . . . .7 0 1 August 21 . . . . . . 619 lli August 22 .. . - ..7 0 0 August 23 7 0 H August. 2t . . • . .. 6 19 111 August 26 .. . .. fi 19 101 August 27 .. .• .. 619 9J August 28 6 19 111 August 29 . . . . ..7 0 0 MELBOURNE PRODUCE MELBOURNE, Aug. 30 Following are to-day's quotations on the Melbourne prodtico market: Wheat, 3s 3.id to 3s 3Jd. Flour, £ll 2s 6d. Bran, £5. Pollard, £5 10s. Oats, 2s Id to 2s 1 i«.l. Barley, English, 2s lOd to 3s. Mai 7.0, 4s 6d. Potatoes, £8 15s to £9. Onions, £9 10s to £9 15s.