FARMINGS COMMERCIAL

Dominion, Volume 13, Issue 79, 29 December 1919, Page 8

FARMINGS COMMERCIAL

AUCTION SALES

FORTHCOSIINC FIXTURES . TUESDAY, Cathedral Square, Ohristchurch, 2 p.m.— Property sale (Dalgot-y and Oo.). THE WOOL TRADE „ SALE TO; BRITISH• GOVERNMENT. .New York, December 23.

Mr. Sheldon, Australian Trade Commissioner, spent three days in Boston, where lie was entertained by, the loading ; business men interested in tho wool trade.- Mr. Sheldon dealt with the question of the sale of Australian wool to tlii British Government He.pointed out that the sale to Britain was a vital adboth Britain and Australia, it enabled Australia largely to fV-mco her share of tho war. This arttrfigemont was continued until .lune, 1920, in order to enable Britain and 'Australia "to readjust themselves on a peace-time basis without tlie complications which would otherwise havo been caused by large parcels oi wool being tifrown on the- market in competition with individual growers. Mr. Windier, the British Government's wool representative in America, said that tho British hoped that by November, 1920,-the new clip of Australian wool would be coming into the European market, when there would bo left on the hands of the Brit\sh Government only about lialf a million bales of wool from all f-ources. ' < ' Mr. Sheldon, interviewed, said that (Treat intgpest was being shown, in Australian wool for which there is a ready market in America.-Aus.-N.Z, Cable Assn. ,

! THE AUCKLAND CLIP. The present season has been an excelj lent one for shearing operations states • the."New Zealand Herald"). It is antici- !■"' pa ted that the clip in tho Auckland dis- | trict will be rather better than the average of the past few seasons. Up to the !;■' present about 15,000 bales have been rei . cc-ived at the local stores for appraise- ) ment bv the Government valuers. This is ratlier more than the quantity re- | ceived for the corresponding period last ' year, and. with a- continuance of fine | weather, the total clip should be to band I fairly early in . the season. L The quality, of the wool received to I date is paid to be excellent. Producers, I consequently, are expecting to receive f a fairly substantial dividend as tlieir ' share of the excess profits from tlio sale !'■ in the Homo markets. The value ß , fixed j locally under the Government requisition 1 scheme are similar to those that have I been, in operation for tlio past three [ 'years, but,* in view of the high values f. realised for wool in the overseas markets, : tho 50 per cent, of the excess Drofits ' allotted to the woolgrowers should api 1 p'rcciably increase tho total returns. I,' :