THE WOOL SITUATION.

Taihape Daily Times, Volume XII, Issue 3648, 8 December 1920, Page 5

THE WOOL SITUATION.

QUESTION IN HOUSE OF COMMONS. Received 10 a.m. LONDON, Dec. 7. In the House of Commons, Mr Alfred Short suggested that British firms could have use>d Government-ownee? New Zealand greasy crossbred wool instead of South American, had Government been willing to sell New Zealand wool at market prices. Mr Hope replied that, in view of tne fact that considerable quantities of South American wool were always imported into Britain and the imports for the first ten months of 1913 were fifty per cent, greater than for the corresponding period of 1920, there .was no reason to suppose that South American wools were displacing New Zealand wools to any material extent.

SECOND CHRISTCHURCH SALES

AN IRREGULAR MARKET. BETTER DEMAND FOR QUALITY. CHRISTCHURCH, Dec. T. The second Christchurch wool sale was held to-day, Home, as well as a full bench of New Zealand buyers neing represented. The sale showed a distinct firming in wools of 50 count and over, but anything below 50 's met with disappointing enquiry, whilst values for halfbreds appreciated from 10 to 15 per cent, over the initial sale. Three-quarter bred wool also eased on previous rates to the extent of a half-penny per lb. New Zealand mills operated splendidly for halfbred/ wool, and this competition, which was absent from the initial sale, established a higher standard of values. Early in the sale 15£d was obtained for sujper halfbred, and this figure was frequently approached during the day. Home representatives' bid spiritedly for finer grades, but apparently haa sharply defined limits, which met tne market more in medium quality than the bulk of tKe Iftftter going to mills. Pieces participated in the firmer demand, fellmongers operating freely. A seven-bale lot of Corriedale wool was passed in at 15d. General lots of Down wool were passed at 12|d. Generally the salo was an irregular one. A lot of coarse crossbrea wool was passed at lid, whilst the highest figure recorded for a sold lot was 9?.d for four bales of hoggot wool On an average, crossbrea wool was about one penny per lb lower than at the initial sale.

THE LONDON SALES. MARKET STILL WEAK. Received 11.30 a.m. LONDON, Dec. 7. The wool sales opened weak. Less than' a quarter was sold at the Government reserves. Bidding for the remainder was ten to twenty per cent below that of the last sale.

THE ASIATIC PROBLEM. SENATOE LODGE'S VIEWS. CO-OPERATIVE ACTION FAVOURED. Received 11.10 a.m. WASHINGTON, Dec. 7. The Australian Press ' Association interview Sennlor Lodge, who said: "My statement concerning the cooperation of Canada, Australia, and New Zealand with the United States regarding Asiatic immigration was merely a general statement of the policy which I favour, and the importance whereof I do not think can be over-e/stimated. I believe that such co-operation may be obtained, but have not yet considered, or attempted to ork out details. The question is one which I hope will Engage the attention of the incoming Congress and the new administration. I am not prepared at this time to go anyfurther into the details of this very important subject." Mr Sheldon, commenting on tne Lodge interview, said: "I learn this with pleasure. It will no doubt give satisfaction throughout the British Empire, and the more understanding with the United States on this and other matters the better pleased will the members of the Empire be."