THE WOOL MARKET.

Otago Daily Times, Issue 19906, 28 September 1926, Page 4

THE WOOL MARKET.

CURRENT LONDON PRICES. MARCH-SEPTEMBER COMPARISON. It is.generally believed that with the recent advance in practically, all grades of wool at the current London wool sales prices arc now on a parity with those ruling at the March sales. This is not altogether so. As a matter of fact, merino and halfbreds are higher, fine and medium crossbreds are not quite up to the March parity, while coarse and low crossbreds just reach ( hat parity. The following figures, culled from recent cablegrams, show the actual positon today. The quotations given below are the middle prices for average quality wool of the different counts, and no notice is taken of super lots:— March September Sale. Sale, d. d. Merino, 60-64 ~ 23 244 Halfbred, 56-58 .. 194 23 Halfbred, 50-56 ~ 174 184 Halfbred. 48-50 .. 154 15§ Crossbred, 46-48 ~ 14| 144 Crossbred, 44-46 .. 144 134 Crossbred, 40-44 .. 134 134 Crossbred, 36-40 .. 124 12| Only two counts are below the March parity, and these are 46-48’s and 44-46’s. The demand just now appears to run in fine wools, which are still reasonable in price. It would be an advantage to crossbred wool to see fine wools go higher, for there would then follow a reaction in favour of crossbreds. In any case the extremely low prices ruling for crossbreds as compared with merinos and halfbreds must prove attractive to those seeking to supply the requirements of the impoverished peoples of Central and Eastern Europe. Even at current quotations crossbred wool is a good asset.

CANADIAN DAIRYING. STATISTICS FOR LAST YEAR. During 1925 Canada exported 150,742,0001 bof cheese, valued at 35,575,000 dollars, compared with 21,465,0001 b in 1924, an increase of almost 25 per cent. Last year’s export of cheese has not been equalled since back in the war boom days, and is ahead of that shipped out in 1913. It is only 83,000,0001 b below the record established in 1904, but is 10,000,000 dollars ahead of that record in total value. _lt is not often that increased , reduction is accompanied with higher prices, but. that was the happy combination reported for the past season. The average ■ price of the exportable surplus figures out at a trifle better than 22 cents per lb, which is 4 cents hi "her than that of last year. As usual, about 90 per cent, of the cheese exported from Canada went t the United Kingdom, though Newfoundland and Belgium took a fair quantity. Retur. ; j for 1925 show increases all along the line, shipments of butter, cream, and fresh milk being well ahead of last year. Butter exports total 25,646,0001 b, valued at 9,917,000 dollars, compared with 23,343,0001 b, worth 8,000,000 dollars, in 1924. Exports of fresh cream increased by almost 25 per cent., and were valued at 7,000,000 dollars, while the value of fresh milk exported rose from 523,000 dollars in 1924 to 784,000 dollars in 1925.