Late War News

Horowhenua Chronicle, 30 September 1916, Page 3

Late War News

(Keeeived This Day 8.50 a.m.) (Times Service). G'EHMAX« BELIEVED THIEPVAL IMPREGNABLE. London, Sept. 29. A correspondent with Headquarter* reports that captured officers freely Konfcts tfhey believed Thiepval impregnable, ft was stoutly defended by veterain Wuirtemburgers. (Reuter Service). THE ENEMY'S FORCES. Paris, September 29. •Semi-official.—On the Sam me the Mieniy luis thrown 300 battalions lgainst the British and 312 against she French, whereof (37 are new divisons. (Received 1 This Day 9.30 a.m.) (Renter Service). JBK.MAN" CHANCELLOR'S SPEECH London, Sept. 29. fn the Reichstag Prince von Bethiian.n Hollweg referring to t'he fighting dimitted'that the An.glo-Eren.ch forces ad achieved fcuccesses and were pressng the -CJennan li>ne.s back, inflicting ieavy losses in men and material, but e asserted thn,t they hacU failed in heir object—rolling up the German ront. He was confident they never ■ou!d get through: even as little as he Russian*? in the east, while the reku'lso of Allied attacks in the c'outhast hart/ frustrated tlie great Entente tlivn. to sever the connection between formally and the Orient, by the separte conquest oF Turkey, Bulgaria and Uifitria-Hiin.g]a,ry. He declared the Entente's lmst for conquest was responihle for the daily heaping up of Hiounains of corpses, as Germany already lad declared her readiness for peace. Ie askedi if anyone in Germany dared o demand peace in face of M. Bnand's foelaration. Be indignantly denied hat the Jvainer ha-d exercised influence nth t'he Tear to prevent Russia's de■tetopment in the direction of freedom, uifc denounced Great Britain as waning more than 'booty .after bleeding' France to death, by making her Allies inanciaJly and economically her slaves, rod subjecting European * neutrals to ier orders. Britain wanted to eee Germany mftita.rily boycotted and contemned to lasting sickliness in order o realise the dream of British world iipremacy. London Markets — 9JiAXK OF XEW ZEALAND PRODUCE CTRCULAR. Tlie opening ramilts of the sale were iiiic-h in iiccoixliuice witli expectations, nerwios. owing to the scarcity of this ?ass of staple, bein.g to 10 per cent iearer during the first week. Towards the end of the second week, howver, the demand eased perceptibly, nd the earTiea- extreme rates were not M-thcommer, but the decline was only light, mid at the close all good-con- I iti'onod wools were 5 to 1\ and infer)r sorts 5 per cent dearer than the revious .sales. CrotsbmTs have keen somewhat <?iiappointing, particularly coarse, sliaibby <\stei-iptaoiis, which sold with considerable irregularity, and were often ne:locted, although at the close a rather letter tone was noticeable. "With he exception of the finest grades, rhich showed practically no change, he market opened 5 per cent lower. Is the sales progressed! the, the finer liialitics lost ground to the extents ' to ~i per cent, from which they nevrecovered, medium and coarse desriptions at the close being generally i to 10 per cent below the level of last ales. Greasy lambs wool was generlly lower with seed.v lots vei-y Irreguir. STipes and iscournl crassbrects ave met a ready market, fine supplies oiiig practically unchanged, but medim iind course qualities were fully 5 er cent, cheaper. For the *imo being it looks as if vales had touched high-water mark both i merinos am! crossbreds, and present 'rices should satisfy growers. An ablormal i-onsumpticii a.nd scarity ol sup>lieK appear to wai-rant the iii. s h prits for merinop. which may possibly •btain for some time yet. as it will be ownnh the end of the year before here can possibly be any weight of lew clip merinos available for actual joiisiimption. The decline in erossjmlfi is generally attributed to the iction of the Government In regard to the home clip. Buyers are uncertain ibout the future, and feel that they must be prepared to meet the keener competition of the lower-priced English wools, which many are reckoning coming on the mmrkct. In view of the cost of handlling., etc, it remains to be sees, whether they will ultimately l>e much cheaper than the rates now current for colonial wools of similar quality. Here, we may state, tha* the prices fixed by the Government for Home-grown wools are those current

during June-July. 19*14, pltffi 35 per cent. H'emp.— Shipmentls continue to he made against old contracts. Fresh lni.siness its difficult to conclude, owing to paucity of offers from the Dominion. VaJmes for parcels afloat are well maintained, but there ie not a great deal of business passimg. Current prices: Good-fair August-October at £48; high-point fair £47; and fair £46 per ton, c.i.f. ■Sheepskins.—fPhe fifth series of sales ■wais heldl on 20th inst., when tlnere was a good attendance of buyers ami active competition. Prices for combing merino and fine crossbred fikins marked an. advance of £d per lb, medium and coarse being slightly in buyers' favour.