OUR YORKSHIRE LETTER.

Otago Witness, Issue 3590, 2 January 1923, Page 14

OUR YORKSHIRE LETTER.

AN ANALYSIS OF VALUES. (From Our Special Correspondent.) BRADFORD. November 2. The sales having finished in Coleman street last week-end. we are now able to see definitely what is the actual standing of the raw material. We must admit being greatly surprised at the sensible advances recorded, although, with a large daily attendance in Coleman Street Wool Exchange, there could be little doubt as to how the tide would flow. The last week cf the series hardly saw such extreme prices paid as were ruling during the second week, but, all the same, the series finished with prices practically at the highest point. And, after all, some extreme prices were paid both in merinos and line crossbreds. Of course, America was largely responsible for lifting values so materially; but we take it that trans-Atlantic firms can afford to pay the prices. At any rate Id to 2d per lb extra seems to count for little when they are in the market. One significant feature was that America continued to sort out the cream of the offerings, and it was the bright, light-conditioned lots which showed the greatest advances. Neither the home nor Continental trades would have forced prices to the extreme point seen, not even in merinos, whilst ns for crossbreds there would have been very little difference in prices but for the onslaught, of America. Altogether 140,C00 bales were catalogued, the home trade purchasing 76,000 bales, the Continent 50,000 bales, and America 8000 bales. Taking the series as a whole, the range of prices established showed clearly enough a remarkably strong situation. SOME USEFUL COMPARISONS. We give below particulars showing the remarkable advances seen compared with the September auctions. It is perhaps a little difficult to give reliable prices for greasy wools, and the reader must clearly understand that the prices refer to good wellconditioned lots The particulars are as follows : Sept. Oct. MERINOS. close, close.

iivv-ii iaiu uo, o .. xu CLEAN SCOURED COSTS. The following are clean scoured costs ruling at the July series, 1921, which was the lowest point of the slumf), and the ruling prices for the same descriptions and qualities at the close of the October series: .T ill v tool OrfrtKpr too O.

X livr/o V rii/. It is always a useful comparison and a very reliable guide to the position of values to see parts of the same clip offered at different times during one series, and the prices made on each occasion. If they receive a fairly big quantity of one clip, selling brokers in London usually split it in two, and sometimes three, according to the size, and in that way try to maintain a good average. The Oakwood clip is a wellknown Central Queensland clip of good topmaking characteristics, 64’s to 70’s quality, and during the recent series of sales was offered in the way described above, with the following results :

N.Z. AND A. LAND CO., OAKWOOD. (.Qu. Woo’.) Price Price realis. d rea’ised Oct. 12. Oct. 20.

THE BKEAIISTItFS AND PKODUCE H.4UKEIB. Thursday Evening. Business in the grain trade has practically finished for the year. The wheat season has been somewhat disappointing so far as milling wheat is concerned, as the rainy weather experienced just prior to the threshing caused the wheat to soften, and it could only pass as fowl feed. Oat growers a'.eo have been faced with a low range of pr ces right through the year. The fowl wheat market is weaker, sales being made from the Bluff at 4s 3d, f.0.b., sacks extra. North Island merchants, however are showing no interest in the meantime. As regards oats the only business passing is for spread delivery next season, sales having been made at 3s 2d, f.0.b., si., for B's. B’s aro quoted to-day at 3d below the forward quotation, and local merchants have therefore entered into this forward business, as they consider the margin of 3d between to-day's prioe and the forward quotation should leave them on the safe »de. A’s are quoted at 3s 2d, f.o.b, s.i., for prompt shipment. Chaff is quoted at £1 10s to £4 15s for prime quality. There is very little prime available at present. There is r.ot much doing in the seed market. It is expected that there will bs a revival of business in the new year following on the demand for autumn sowing. Dunedin millers’ prices are as follow: Flour: 2001 b, £ls 10s per ton; 100 s, £l6 10s; 50's, £f7; 2o’s, £l7 lGs. Bran, £5 10s per ton. Pollard, £B. Oatmeal: 25's £18; 200’s, £l7. Current local wholesale prices for produce are as follow : Chaff.—Good quality, to £4 10s; medium and light, £2 10s to £3. Potatoes, £8 per ton. Dairy Butter.—Bulk, Is lid; pats, Is Id; milled, Is l}d. Eggs.—Stamped, Is to Is Id; ordinary, to la. Melbourne onions (ex Paloona), 19s 6d to 20s per cwt. Bacon. —Holla, lljd per lb; sides, 10Jd. Hams, Is 2d; boneless. Is 3Jd.

d. d. Superior Now Zealand 70-80’s greasy fleece 31 36 Queensland 70’s free fleece 26 30 Queensland 70-G4's slightly seedy fleece 24 28 Warp Adelaide south-eastern (average condition) fl ece 26-27 30 Warp Gee'ong, superior 70s fleece 30-31 35 CROSSBREDS. Superior Melbourne comeback 60-58's 23 29 Superior Melbourne 56’s fleece 13-20 23-24 Superior New Zealand 58’s comeback or qiarterbred 18-19 23 Superior New Zealand 56's halfbred Superior New Zealand 50's 18 21 super 13 16 Superior New Zealand 48-50's.. ni 134 Superior New Zealand 48’s 10i iii Super or New Zealand 46’s 9 10 Superior New Zealand 44’s 7*8 84 Superior New Zealand 40’s 74 8 Superior New Zealand 36’s n 8 SCOTJREDS. (Quoted on wools of beet colour . and style.) Superior Melbourne or Queensland 70 s 46 53 Superior New Zealand 64-66's.. 46 52 Superior Melbourne skin, 58's, praotical’y free cbg 33 40 Superior Melbourne skin, 56's, practically free cbg 25 30 Superior Melbourne skin, 50’s, practically free cbg 19 214 Superior New Zraland 58's quarterbred 34 43 Superior New Zealand 56's halfbred 29 35 SLIPES. Super halfbred lambs, 56's 20 24 Super halfbred lambs, 52's 18 21 Super fine cressbred lambs, super 50's 16 184 Super Leicester lambs, 46's .. 11 13 Super L ncoln lambs, 40’s 94 10

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Description. Per lb. Per lb. Greasy— d. d. Super combing .. 30 33 Fjst combing .. 30 32 Super combing E .. 27* 314 Second combing WH .. 29 i 31 Second combing E .. 271 311 Second combing .. .. 27 32 Combing E .. 27* 29 A fleece .. 244-25* 26 A fleece E .. 25* 26 Broken WH .. 25 V ~ 27* Broken E .. 22* 204 F.rst necks 22 28 Second necks .. .. 244 25 Second necks .. .. 22 22 A and AA lambs .. 16 17 First lamb pieces 12 17 Second lamb pieces .. 13 134