RAW MATERIALS MARKET. WOOL MARKET

Evening Post, Volume CX, Issue 72, 22 September 1930, Page 12

RAW MATERIALS MARKET.

WOOL MARKET

' LONDON, 20th September. Friday's closing prices for the following raw .materials were as follow,, those for 13th September being given in parentheses:— . . .

■'Cotton.—Liverpool quotation, American middling upland, October delivery,. 5.87 d per 1b (5.39 d). .-Rubber.—Para, 5%d (6d); plantation smoked, Ad (unchanged). Jute—September-October shipment, £16 per ton (£ls 7s 6d). Hemp.—None offering. ' Copra*.—October-November shipment, South ;Sea,' £16 per ton (£l6 17s Cd); 'plantation Rabaul. £16 per ton (£l6 10s). Linseed oil —£31 10s per ton (same), v turpentine.—36s 3d per cwt (3ps Od). Osmiridium,—Unchanged.

PRICE OF CLOTHES [F CHEAPER, MORE DEMAND (Received 22nd September, 9 a.m.) LONDON, 20th September. The course of the London -wool sales is regarded as somewhat better than was expected.-. The firmness of super merinos is looked upon as an encouraging sign. A Bradford correspondent, commenting on the Australian and London wool sales, says the .main fact emerging therefrom is that the raw material is still being obtained at prices which should eventually be'conducive. to an extensive repopularising of. wool, commodities. On the whole, wool is still very moderately, priced. Nothing that has happened in the raw material department so far offers the slightest pretest for any stiffening of the retail prices, but rather to the contrary. . It is justifiably argued that a more active demand: from the cloth end of the trade is badly needed. There has been some improvement in this respect recently, but further progress is necessary, and. is anxiously awaited. The main fact to-day is that cheap wool continues to pass into the possession ot the trade, and is gradually making its appearancein • the form of cloths produced at prices which should eventually bring about-in the retail section a state^of affairs conducive to a much more active demand for wool from its manufacturers. THE LONDON SALES. The High Commissioner advises London, 22nd. September, as follows:— "Wool.—Sales opened 16th instant -with large attendance of Home and Continental buyers. Offerings met with active competition, selection being a good average one.' -Compared -with closing rates tor last series,: greasy merino is par to 5 per cent., greasy, crossbred VA per cent., and slipe 10..per. cent, lower; 157.500 bales available for series, of ■ New _ feiland wool 88,850. Australian 74.350, and fcouth African 17,500:" BRITISH CLOTH MARK. The British: Trade' Commissioner in New Zealand; (Mr. L. A. Paish, OiBJE.), lias received,information • regarding an inter-esting-development in .the British woollen industry. To combat injury to British trade arising from false description of inferior foreign, cloths as British, principal woollen' manufacturers have adopted a mark applied to the reverse isde of piece goods manufactured by .them. The mark indicates ' that the goods are made in England by a member of the wool textile section ot'the Federation of British Industries. The design can be used with worsteds, and rough woollens. Ihe use of the- markshould prove of considerable benefit'to'.the public and'the British woollen- industry. :. ■