STILL RISING.

Pahiatua Herald, Volume XLI, Issue 12454, 21 September 1933, Page 4

STILL RISING.

BUTTER ADVANCES TO 107 - A CWT LONDON MARKET FIRM. The Loudon butter market is still firming, and the jirice of finest New Zealand salted advanced on Tuesday another Is to 107 s a cwt. The New Zealand Producers’ Cooperative Marketing . Association’s weekly cabled market report trom London, dated September 19, is as follows :—Butter : Market firm. New Zealand, finest, 106 s to 107 s; first grade, 103 s to 104 s. Cheese: Maret steady. New Zealand, white, •535; coloured, 545. GOOD RISE IN CROSSBREDS. THE LONDON SALES. United Press Assn.—By ELectnc Telegraph—Copyright. LONDON*, September 19. The September series of i\ool sales has opened Merinos have advanced by 7 1 to 10 per cent, on the closing rates of the July series, and crossbreds by 7j per cent. Later. The total catalogue for the opening of the series was 11,101 bales, including 6341 bales New Zealand. The total sold was 10,154 bales. There was a full attendance of buyers and keen general competition . After the opening advances in the earlier offerings at this sale of 7J to 10 per cent, when compared with the last sales’ closing rate*, both merinos and crossbreds reached an advance of IO to 15 per cent., and some fine New Zealand cro--breds made occasionally 20 per cent, advance. Realisations of New Zealand wool were: “R Company over T.' 26fd per lb highest, average. 25Jd Halfbred slipe. “CFMi over Belfast.” 18d highest, 17) d average. SPECTACULAR RISE. BETTER PROSPECTS AHEAD. r LONDON, September 19. 1 lie “I innncial News” describes the rise in wool as one ot the most spectacular and quite the most important of the price recoveries. Growers realising the reward of their policy of steadily and philosophically meeting the market last year, when prices were low. and resisting the temptation to withhold supplies as a result of the record clip. Meanwhile the cheapness of raw wool has resulted in the discovery of new uses for wool, of which woolleu bathing suits are among the most obvious, and have opened an almost new market. Discussing the firmness in the wool market, the “Yorkshire Observer” says: ‘'Many think tlie best prices will be seen at the end of the -ew. son when better clips are offcrcis'. For example, Kreglinger’s Antwerp circular is of tlie opinion that the Australian clip is not onlv 300,000 bales short but is lighter in weight and fleeces show virtually double shrinkage. Furthermore, it is likely that South A trican diminution in production will be between 150,000 and 250,000 bales. J lie ‘‘Yorkshire Post” comments mt the limited offerings of shaity greasy merino combings of Bradford style, and .adds that the preponderance of the lower crossbreds is less embarrassing now that weaver- are popularising mohair worsted linings. Ihe New Zealand Loan and Mercantile Agency Co., Ltd., have received the following advice from their London House, dated 19th instant : Wool Sales: There was a full attendance at the opening of the sales to-day, competition by Home and French buyers being active. The opening catalogues were representative. As compared with last sales closing rates prices are higher Id per lb. for medium and coarse greasy crossbred also medium and (oai-e crossbred slipe; prices are higher Id to lid pel- lb. for coarse and medium scoured crossbred, greasy merino and fine crossbred slipe : prices are higher 2d to 2)d per lb. for fine secured crossbred ; prices are higher 24d to 3d per lb. for scoured merino: also 11 d to 2d per lb. higher for filio greasy crossbred.