MARKET FOR WOOL

New Zealand Herald, Volume LXXV, Issue 23048, 27 May 1938, Page 7

MARKET FOR WOOL

ENGLISH TRADE'S NEEDS —T. ]l'" '' ' REDUCED* BUYING BY WWN ■ ■ • PURCHASES IN AUSTRALIA I < Vps ' , Tho wool market in Australia ana London has been effectively supported by well-distributed competition at recent sales, states the latest report of "Winchcombe, Carson, Limited, Australian. woolbrokers. Its strength ' has resulted in a demand for tops and yarns showing needed development in Bradford. 1 The English trade has been perplexing this season. Tops and yarns have not been costly, and employment in British industry, partially through rearmament expenditure, has proved satisfactory. Internal trade in woollen goods, however, has not been up to the mark and, in addition, exports of woollen and worsted fabrics, tops and yarns have displayed a decrease compared with early 1937. By way of contrast sales of wool textiles to foreign customers by Germany, Italy and Franco have been larger than they were a year ago. More recently, however, some revival has been seen in the demand for Yorkshire fabrics.

Japan has continued buying in Australia, but her competition has not been an outstanding feature of tho sales. Japanese stocks of wool have fallen steadily since their peak point of 103,400,0001b. recorded in June, and at the close of December last the quantity on hand was 87,300,0001b. During the first two months of this year Japan imported only 10,400,0001b. of wool, compared with 53,500,0001b. in the corresponding period of 1937, Japanese requirements, it is explained, have decreased owing to the greater use of substitute fibres, and also as a result of reduction iff exports of woollen textiles. Consequently Japan has bought decidedly reduced quantities of the sheep's staple in all producing countries this season* including South Africa, New Zealand, Argentina and Uruguay. Australia has had the lion's share of her purchasing. The decline in her African activity Is shown by the fact that exports to Japan from July to the end of February last were only 200,0001b'., compared with 52,800,0001b. during the similar period in the previous year.

MARKET IN BRADFORD SOME COUNTS CHEAPER Wright, Stephenson and Company. Limited, and Abraham and _ Williams. Limited, report having received cable advice from their Bradford agent regarding the tops market as follows: Merino and fine crossbred tops are id down, while medium-carded crossbred tops are slightly cheaper. Other crossbred tops are unchanged. Business is quiet.

THE MARKET BASKET BANANA PRICES; FALL GREEN VEGETABLES SCARCE After a rise last week, the price of bananas has again dropped. The change is due to the release of the last shipment brought by the Matua, which has been ripening in store.-The scarcity of green vegetables has not yet been relieved, and cabbages show another rise, with cauliflowers much the same. There are no mushrooms available. Prices are:— " . FRUIT Apples, cooking, 3d; Delicious, 3d and 4d; Golden Delicious, 4d and 6d; Husset. 3d; Granny Smith, 3d and 4d; Jonathan, 4d; oranges, Californian, Sunkist, Is 6d to 2s 6d; Mangaia and Atiu, 2s to 2s 6d; lemons. Is 6d to 2s; bananas. sd; salad, 4d; grapefruit Sunkist, 6d; coconuts, 3d and 4d each;-pine-apples. Queensland. Is 6d to 2s; tomatoes, hothouse, Is 6d to 2s; hothouse grapes, 2s to 3s per lb; Winter Cole pears, 4d; -winter Nelis, 3d and 4d; cookers, 3d: guavas, 6d per lb; Chinese gooseberries. 1* fid a dozen; persimmons, 2d. VEGETABLES Kumaras, 3d per lb; onions. 3d per lb; rhubarb. 4d to Gd a bunch; radish, spring onions, 2d; cabbages. 9d, to is 6d; cauliflowers, 9d to Is 6d; lettuce. 3d to sd; silver beet, 3d per bunch; pumpkins, 2d and 3d per lb; potatoes, to 2d; outdoor beans, Sd to Is per lb; hothouse beans, Is 3d; carrots, 2d' a bunch, parsnips, 2d a bunch; beet, l%d per buncn; marrows, 6d to 9d; celery. 4d to 8d; spinach, 2d and 3d a bunch: chokos. Id to 2d each; tree tomatoes, yellow and black. 4d; extra choice, Gd. MEAT

Beef.—Rump steak. Is 4d: undercut. Is 6d; beef steak, Sd; sirloin, lOd; prime ribs, 8d; prime ribs (boned and rolled), lOd; wing ribs (three chine bones). 9d; topside (41b and over), 7d; bolars, 7d; chuck rib, sd; rolled back rib, 8d; corned round, 9d; corned brisket (boned). 6d; brisket and flat rib. 4d: thin flank, 3d; gravy beef or shin beef, 6d; minced beef. 6d; tripe, 6d; dripping, 6d; suet, 4d; sausage. 4d; sausage meat, sd; whole shins or legs, 2d; half-shins or legs (thick end), 2/ad; half-shins or legs (knuckle end), 2d; ox kidneys, Is; ox tongues, lOd; ox tails, 6d_: whole loins, 9a; whole rumps, lOd. Mutton.—Sides, 8d; whole legs, lOd; cut legs, 10Vad; leg, shank end, 81b or under, lid; forequarter, 7d; shoulder, Sd;. shank end of forequarter. 7%d; necks, best end. 8d; necks, scrag end, 7d; loin, f%d: middle loin chops, Is id; leg chops, Is; rib chops, i lld; neck chops, best end. 9d; stewing chops, 7d; flaps, 4d; cutlets, trimmed. Is 3d; sheep's fry, 9d; kidneys, 3d; tongues, 3d; sheep's head, dressed. 6d: sheep's brains, Sd. ,New Season's Lamb.—Forequarter, 9d per lb; hindquarter. is: legs.-,ls 3d; loins. Is; sides, lid; lamb chops, Is 2d. veal fillets, lid; loins, lOd; shoulder, 7d; cutlets and veal 6teak, is Id; chops, Is; forequarter. 6d; rolled veal, 9d; veal rump steak. Is 3d. : ~ P° r k-—Leg, Is; loin. Is; foreloin, with blade, lOd; pork chops. Is Id; corned hand. lOd; corned belly, Is; pork sausages, Bd. FISH . Schnapper and terekihi, whole, 6d per lb; fillets, 10d; smoked. 10d; skinned fillets, with wings. Is; steaks, 8d; terekihi. kippered fillets. Is 3d; trevaUi whole, 7d each; smoked. 8d; smoked 'fillets! 4d and sd; John Dory, fillets, Is 2d; mullet, whole Kaipara, 5d each; Auckland. 7d per lm; smoked. Kaipara, 9d each; Auckland, lOd Rer lb; flounder, is per lb; lemon fish. 5d per >; silver strip. 6d per lb; hapuku steaks. Is 2d per lb; smoked, Is 3d; moki steaks. 8d per lb; smoked. 9d per lb; kingfish steaks 8d per lb; smoked, 9d; salmon, is 3d per lbsmoked. Is 4d per lb; cod, fresh. 9d per lb : smoked, Is 6d; gurnard, whole. 2d; fillets' l%d each; smoked, sd; barracouta, whole scf' fillets, Od per lb; smoked. Sd; cream 'fish' iy 2 d each; frost fish, 6d per lb; hake, whole' 6d per lb; smoked. 8d ; . kippers, Scotch. Is per pair; crayfish. 9d and lOd per lb; smoked schnapper roes, 2s 6d per lb. BACON" AND HAM Bacon.—Shoulder rashers, Is 3d per lb* rib rashers, is 6d; by piece, shoulder cat! lOd to Is 2d. Ham: Rasher?, Is 7d; pieces, Is sd; whole hams, Is 4d; half-hams, is sd. BUTTER AND CHEESE r Butter. —Factory, first grade, Is 4%d per lb; second grade. Is 4d;.farm butter. Is Id per lb; Checso:, Mild, is; tasty, is 6d anil Is Sd. •' . EGGS /■ Hen, 'A grade. 2s 9d; ,B grade. 2s 7d; C grade, 2s 2d; duck, A grade, 2s 7d; B grade, 2s 3d. [ «■ • ' * v ". '• -N BUILDERS' SUPPLIES, LIMITED PROPOSAL TO LIQUIDATE [BY TELEGRAPH —OWN CORRESPONDENT] CHRISTCHTOCH, Thursday The directors of Dominion Builders' Supplies, Limited, recommend an"upchanged dividend of o per cent for tfie year ended April 30. and propose that the company should go into voluntary liquidation. ...•: * The company, which carries : business of timber merchants, a® V paid capital of £22,716.