THE WOOL MARKET.

Otago Witness, Issue 3512, 5 July 1921, Page 13

THE WOOL MARKET.

LONDON, January 27. The Bradford wool market is Values are weakening, June 29. At the tallow sales 1463 casks were offered, and 1377 sold. Fine mutton realised 36s per cwt; medium, 345; fin© beef, 435; medium, 345; good mixed, 35b. ANTWERP, July 1. At the “ Bawra " wool sale 20,000 bales were offered and 9000 were sold at prices on ,a parity with London closing prices. Buyers were mostly from Yerviers (in France) and Alsace. July 2. The wool sales have concluded. Prices generally were unchanged. Fine qualities were rather firmer. The total quantity sold in two days was 18,000 bales out of 20,000 offered. American and German buyers abstained from bidding. BRISBANE, JumV*2o. At the wool sales the market v-as slightly easier than previously. Yorkshire buyers were quieter. CANADIAN WOOL EXPORTS. WASHINGTON, June 29. Canadian wool, which forms one of the chief exports from the dominion to the United States, will probably be sent to Europe owing to the recent Emergency Tariff duties imposed by the United States Congress. The United States has been ail outlet for half the Canadian clip, and the exportable surplus from the dominion, will amount t-o 750,000,0001 b. Extremely low prices are being paid at country points in Canada. A large quantity of raw wool is being sold at 6 to 12 cents per lb. The highest price for best wool i 3 33 cents .- THE OAMARU MARKETS. (From Our Own correspondent.! OAMARU, July 2. The best thing that can be said about the week is that it proved favourable for the prosecution of field work, with tho result that farmers were very generally too fully occupied to give time to a slender chance of doing business. Indeed, there remains little in tho country to sell outside of oats and barley, for which there is no present call, and! so it is more profitable to keep the teams employed than to explore ' an unresponsive market. About 2Mn of rain fell during June, and this had the effect of putting lea land into condition for breaking up, and advantage has been taken of the opportunity to get the work done. A much larger area will, if all goes well in the next couple of months, be put under crop with cereals than for many years past. Oats will probably show a decrease, but there will be a big increase in wheat. Merchan ts report that their sales of ooed wheat already exceed their totals for the whole of last year, and there • appears a likelihood of the area under that cereal giving an increase of fully 70. per cent. All that is needed i 3 favourable climatic conditions. Some milling wlreal continues to come forward, the week's business including a mixed line of 600 satfks of Redchaff and Tuscan, and another of 400 sacks of Redchaff and Dreadnought in equal proportions. There have been a number of offerings of oats, but most growers are not willing to accept the prices current. A little business has been done in A grade Gartens at 2s 3d and 2s lOd net at country stations.. A large quantity of barley, both Chevalier and Cape, on the market, but no buyers can be found. Several samples of eowgrass seed have been submitted. The seed is somewhat small as a- result of the dry season, and the output ui tne district is reported to be much below the usual quantity. Prices seem to be uncertain, but one parcel changed* hands at a country station at 9d, less commission SOUTHLAND MARKET REPORT. (From Our Own Correspondent.) INVERCARGILL, July 2. Oats.—The market, though not showing a great deal of activity, is still decidedly firm" local merchants refusing to entertain anything under 3s 5d to 3a 6d for B and A grade Gartons respectively, and at these figures several sales have been made during the week. Thrashing operations are now virtually over, and during the past few weeks the mills have been kept steadily at work, farmers who earlier in the season had decided not to thrash having opened up their stacks. A mill owner operating over a considerable area informed us to-day that he had thrashed more oats this season than for several years, and that in his district there was virtually no spring thrashing to be done. Unsold stocks on merchants’ hands do not exceed 8000 to 10,000 sacks at the outside. It may be taken for granted that there will be no diminution in prices as far as Bluff is concerned. Chaff.—-On account of the poor quality of later deliveries and putting lines into tho auction rooms, the market locally has been somewhat depressed, buyers not being willing to operate at present at mere than £3 15s, on trucks. Ryegrass.—Tho stacking movement started a month back in this seed lias now ceased, merchants showing very much decreased interest, and keen buyers of a fortnight ago show that little or no interest is taken. From north the season has almost totally disappeared owing to the high prices asked latterly. DAIRY PRODUCE. Messrs Joseph Nathan and Co. report as follows under date June 27: Butter. Our London house cables that the market is unchanged. America. Our Montreal corrcsfi ndent, writing on May 20, reports that sales had been made to England at 2GI cents. .Sales wore made at this time last year at 60 cents. Local. —The local demand: remains about the same, and given normal winter conditions a large proportion of the stored stocks should be disposed of at the maximum fixed price. There is still a tendency in some directions, however, for factories to cut prices. Cheese. Our London house cables prices as follow: —White, 100 s to 104 s; coloured, 98s to 1003. These prices held at the end of the week with a good demand. It is pleasing to note a slight advance on last week’s prices, and it is to be hoped that when the strike is settled that prices will improve. Canada.—'Sales were made in Canada from May 12 to 18 at prices ranging from lrs cents to 17$ cents. English houses bought 3000 to 4000 cases at these prices, but others preferred to wait, expecting lower prices. Generally speaking, it appears that the Canadians had decided to do business at the best prices going, even if apparently low, with the idea of creating an export demand and stabilising prices. RABBITSKIN SALES. Tho Dunedin. Stock Agents and Wool Brokers’ Association (Dalgety and Co., Otago Farmers’ Co-operative Association, Donald

Reid and Co., National Mortgage and Agency Company, New Zealand Loan and Mercantile Agency Company Wright, Stephenson, and Co., Stronach, Morris, and Co., and Todd Bros.) reports as follows:—Our regular fortnightly sale was held! yesterday, when goodsized catalogues were submitted to a full attendance of buyers. Competition was keen and all the offerings were disposed of at satisfactory prices, for the most part on a par with last week’s rates. We quote: Runners and suckers, 2d to 3d; summers, 9d to lid; racks, lid to 15cl; autumn, 24d to 40d; incoming, 50d to 55d; winter bucks, 57d. to 65d; winter does, 60d to 65d; super winter dose, to 75d; super winter black, to 96d!j first winter black, GOd to 75d; winter fawn, 40d to 43d,