ADVANCE IN WOOL.

Dominion, Volume 7, Issue 1999, 5 March 1914, Page 4

ADVANCE IN WOOL.

; The second ef the series of London, wool sales, which cornmencesi on Tiies'day evening, witnessed & shiirp ad- ,; vaiWQ ivi values, .nte-dium and coarse ', crossbrods registering an advance of ; 10 per cent. This will be welcome . news to the wool-growcrs of tlio ': soutimni half, of the North Island, where a very considerable quantity of crpssbrcd wool is produced. Other, classes of wool have advanced also and the average gain in values nny te safely -placed at 7-1, per cent, This increase could- not have come at n ijjoto opportune, moment, because liiaay growers who make it a point to- catch the January sales were- thi? JW' prevented froni doing so by tii. strike and the delay is shearing owing to unfavourable wea-thm*. Because- of this* a very eo-nsicfera-ble-(limntity of wool must have reached London later than usual, and, wool-b-j included ift the cstaiagttes of the ■current' safe, so that the delay caused by th<s strike, of wajefsiders has operated to tha 'JjwiWfit of wool-growers, many p:f whom served as special constables during the disturbed perio|. The average advance is smaller than was anticipated, because- Bradford ■ tops have- had a wonderful rise sifieo. the elote of 4he< January.sales.- •'i t j», miiwoments'iii ;: Brnd!bra tops are J ■given below :-*• ' |

■Feb. 2S. Jan. 31; el. (1. ■ Thirty-sixes '....'. IGi U\. forties 16} 15 Ffl-rty-Icmi'3 IfiJ- Ml Porty-sises « ■ 17* 13 Fifties. 2fli 19 Fifty-sixes «.; ; 23 2ij Fifty-eights 25 231 Gammon sixties < ~:,.. 28 2BJ Sitpef sixties ; 28.; 20} Kktv-fourii '. till liii Seventies ........ 30| , 'Mi Every count has. gained in price during the month, _tlie- coarse eroi-shreds. that is. thirty-sixes and forties, tops showing the greatest relative gain. Me-ssusy- Behioth,_ Schwaktze and (3f1., whose statistics of . the wool trade aofcr accepted by_ everyone as being as accurate as it is possible to get tlwra,' give £.18 10s, as the average ya.kte of the Australasian and Cape wools imported, into Europe and North America last year. 'New Zcalaftd's, J913"1S clip/exported totalled 338,V7S bales, and -foi* the cur-rojit season it will probably be slightly greater, say, in round figures, 580,000 bales. The increased valxte as repwseatscl by the current sales will niean a gaiii of £437,00Q, wMcli is very substantial. A- ehcierißg feature of the sale is the fact that American buyci's arc operating. The Wool men of the United States have- had a fair, amount of time to Consider the- new situation brought about- by the admission of wool free of duty, and the lowering of tte duties on liainsfac' turod and partly manufactured woollen goods- The Americans are not out to give fancy prices for weal, but their competition must help to iwaintaift values, if it- docs not-force them a little higher.