THE WOOL MARKET.

Taranaki Daily News, 29 January 1921, Page 5

THE WOOL MARKET.

GOOD SALE OF “FREE” WOOL. VERY GOOD COMPETITION, By Telegraph.—Press Assn.—Copyright. Received Jan. 28, 5.5 p.m. London, Jan. 27. The “free” wool sales have closed. Sixty thousand bales were offered and practically all were sold. There was extremely good competition throughout from Home, the Continent, and the United States. Most of the demand was for good merinos, which closed ten to fifteen per cent, above the opening rates. Carbonising sorts advance? five per cent. For crossbreds there was a fair demand. Fine declined ten per cent, compared with December. The Bradford market is firm, but lit-, tie business is passing. Quotations for February-March deliverey are: 64’s quality 51(1; 5'6’3, 45d; 50’s, 28d; 46’s, 18d; —Aus.-N.Z. Cable Assn. WOOL REALISATION. NEW ZEALAND’S POSITION. Wellington, Last Night. The Prime Minister, asked what the present position was ?n respect to wool realisation, said communications were still passing between the New Zealand Government, the High Commissioner, and the Imperial authorities, and an early conclusion to these is anticipated. The matter, he added, could quite well have been fixed by now, but for the fact that the Government is particularly desirous of safeguarding the interests of New Zealand in every direction, and it is largely in connection with the provision of these safeguards that the present negotiations are taking place. Having full realisation of the Imperial Government’s good feeling towards the Dominion, Mr. Massey has every hope that the safeguards considered necessary will be provided for.