WOOL STOCKS AND VALUES.

Poverty Bay Herald, Volume XLVII, Issue 15365, 9 November 1920, Page 9

WOOL STOCKS AND VALUES.

\[ WELLINGTON", last night. '[ In the House Jo-day. the Prime Minister said that a' few dayis ago he was asked for information as to the quantity of wool stored in Briteuj,. He had received information now. which enabled him to reply. This matter was,'of r 'immense importance at present. Of 'the .Australasian wool purchased ;by the Imperial Government, there Were, at Sep•tember 30 last, in store 765,356 bales of New -• Zealand Ywdol, antl • '1,870,622 bales of Australian— a tbtal of 2,635,978 bales.'!. Tbe quantity -held in- store In ir.une last was 2,905,474 b;ales. ' Contihiiing, Mr. Massey said the following is a comparison' of the .stocks -hold at June 30 and September 30, 1920:— ...... June 30. iSept. 30. Merino ... 1,130,256 -914,134 Slipe ... 135,187 !_0,227 Crossbred 1,640,031 1,571,617 * Tho Director-Genoral of. Raw ..Materials was asked by cable.' if the closing values obtained at* the October London sales could bo accepted a.s approximately Imperial Government, reserves, and he replied as folldws : "Oontinuod .weak market .and especially -' low. ..otter?- by Argentine and Australian sellers make it impossible to expect low and medium I grades of 'wool to : sell at November auctions at prices equivalent to v those realised in, October. We are doing our best to. make the reduction as small a& possible— __si__ned)._T. R. Lees, Assistant Controller."— Press Assn