WOOL DEMAND

Evening Post, Volume CXXVIII, Issue 26, 31 July 1939, Page 12

WOOL DEMAND

CROSSBRED POSITION

■ (By Telegraph—Press Association—Copyright.) . LONDON, July 29. The healthy demand for good combing wools at the London sales was not surprising, as merinos are still cheap compared with the average price over a series of years. Growers, however, have the consolation that the 1938-39 clips have been cleared. The carry-forward balances are on i the light side despite the lack of normal Japanese, German, and Italian support. Some traders consider that crossbred values have overshot the mark. NEW COMPANIES Registration of two private and local. companies is reported by the "'Mer-1 cantile Gazette" as follows: — j Frances Buildings, Ltd. Palmerston j North. Capital: £1750 into 1750 shares iof £1 each. Subscribers: Palmerston , North, E. E. Garner, L. H. Collinson, '■ D. Dixon, H. C. Collinson. Auckland,, T. J. Collinson, Waimarama. Havelock I North, F. E. Gilray. Hamilton, M. P. Hooker, all 250 shares each. Objects: iTo acquire by lease, exchange, or i otherwise, lands cf any tenure or any interests in lands, and incidental. British Buttons and Buckles, Ltd. Capital: £12,000 into 12,000 shares of £1 each. Subscribers: Sydney, N.S.W., O. C. Rheuben 300, A. G. Griffiths 2750, N. R. Rheuben 1000, A. G. R. Griffiths 500. Wellington, E. J. Mandel 1126, E. P. Simester 1124, E. J. Mandell 250, E. P. Simester 250. London, R. A. Salmon 500. Auckland, J. Harrison and Son, Ltd. 500. J. Harrison 500, J. M. Hodge 500. Objects: To manufacture, buy, sell, or otherwise deal in plastic or moulded products of all descriptions made from casein, artificial resin, plastics, and metals, and incidental. RAW MATERIALS. (By Telegraph—Press Association—Copyright.) LONDON, July 30. Friday's closing prices for the following raw materials were as follows, those for July 21 being shown in parentheses:— Cotton.. —Liverpool quotation, good American middling, spot, 5.40 d a lb (5.23 d); August delivery, 4.69 d a lb (4.52 d). Rubber.—Para, 7-_d a lb (same); plantation smoked ribbed sheet, 83d a lb (same). Jute. —August-September shipment, Indian jute, Dundee quotation, £20 a ton (£2l 7s 6d). Copra.—July-August shipment, sundried South Sea, to London or Rotterdam, £9 2s 6d a ton (£8 17s 6d); smoked, to Marseilles or Genoa, £8 15s a ton (£9); plantation, Rabaul to London or Rotterdam, £10 a ton (£9 12s Gd). Linseed 0i1.—£26 5s a ton (£26 15s). Turpentine.—33s a cwt (33s 3d). APPLES IN DEMAND. (By Telegraph—Press Association—Copyright.) LONDON, July 29. Apples are in strong demand, with prices firmer. PRODUCE IN LONDON. The Department of Agriculture has received the following cablegram from i the High Commissioner for New Zea- i land, dated July 28, 1939:— Tallow.—Market continues quiet. Present spot quotations are unchanged. Hemp.—Manila: Market dull and easier "X" grade, July/September I shipment, £15 15s. Sisal: Market easier, inactive. August/October shipment quoted sellers, £15. Apples.—Taranaki discharging fruit in good condition. Slight improvement. In demand, particularly coloured varieties. Dougherty, 10s, 13s; Rokewood, 10s, 12s; Statesman, 8s 6d, 10s; Stunner, Bs, 9s. Peas.—Maples: Market quiet. Price nominally unchanged, in absence of business, Parcels 20th, 795. Nothing further obtainable. Early this month No. 1 New Zealand, July/August shipment, sold 77s'. August 'September shipment offered 77s 6d. Afloat occasionally offered by resellers, 765.