COMMERCIAL. WOOL DISPOSAL.

Taranaki Daily News, 1 September 1921, Page 2

COMMERCIAL.

WOOL DISPOSAL.

By Telegraph.—Press Assn —Copyright. London, August 30. Commenting on ti e resolution of the New South Wales woolgrowers’ conference, the Yorkshire Post says: "If the woolgrowers act on the. opinion they expressed there will be free trade in the next Australian clip. If the growers are determined to sell at what price they please, and to regulate the offerings among themselves, the B.A.W.R.A. directors must change their policy. The position of the woolgrowers has been strengthening and that of B.A.W.R.A. has been weakening. The longer B.A.W.R.A. wool is held off the market the more difficult will its realisation become. The nation has already sustained serious loss by the foolish policy of the Tato Government wool department in restricting offerings, therefore the more rapid liquidation of Government wool should he forced on tie B.A.W.R.A. directors as an Item in the antiwaste programme." THAMES VALLEY POWER BOARD. London, August 30. The Thames Valley (New Zealand) Power Board is underwriting £350,000 6 per cents, at 96. LONDON WOOL SALES. London, August-30. The wool sales opened strong at 5 to 10 per cent, advance. The B.A.W.R.A. wool sales have been fixed: Liverpool, September 20-30, November 10-11, December 21-22; Antwerp, October 6-7, November 17-18; Hull, December WOOL PRICES BUOYANT. London, August 30. At the free wool sale 10,743 bags were catalogued, of which 3773 were Australian and 3777 New Zealand, an excellent selection of crossbreds, a miscellaneous lot. There was a very large attendance and strong competition. Yorkshire was most prominent, Germany was buying freely, and France was also operating well, despite the strike, which shows signs of collapsing. Combing merinos advanced 7% per cent, compared with July closing prices, faulties 5 per cent., fine crossbreds 10 per cent., coarse fully 5 per cent. HOME MARKET QUOTATIONS. REPORT FROM HIGH COMMISSIONER. The Department of Agriculture has received the following cablegram, dated 27th instant, from the High Commissioner for New Zealand, London: — MEAT. Tl:e mutton market is weaker owing to the considerable quantity of South American sheep available. Lamb, less demand and prices weaker, partly owing to more being available, and to tho discharge this week having improved, and also to lamb sold at lower c.i.f. price. Some holders selling under (market price. Beef, little better tone in the market for New Zealand. Quotations are (last week's prices being given In parenthesis) : *

New Zealand mutton, lightweight B%d to B%d, sales have been made as low as 8 l-Brt ; heavyweight, little demand, 6%d (6%d). New Zealand lamb, lightweight Is Id to 13 I’id (Is l%d) ; mediumweight Is to Is 0-y t d; b eavyweight, lid New Zealand beef, prime ox, hinds Gd (Gd to 6%d) ; fores, 3%d to 4d (3%d). Argentine, chilled beef, hinds (Is) : fores, s’4d (Gd). BUTTER. Demand is limited on the basis of recent quotations. English in very short supply and prices averaging fully 2s 9d per lb. Danish.—Very slow. August 27th, 262 s to 264 s per cwt. (2a 4d to 2s 4’4d per lb) ; August. 20th, 268 s per cwt (2s 4%d per lb). New Zealand. Ist and 2nd grade.—August 27th, 264 s to 266 s per cwt (2s 4%d to 2s 4%d per lb) ; August 20th, to 266 s per cwt (2s 4%d to 2s 4%d).

Australian, salted (1) Ist grade, (2) Ist and 2nd grade together, (3) unsalted.—August 27th, (1) 247 s to 249 s per cwt (2s 2%d to 2s 3%d per lb) ; (2) 243 s to 247 s per cwt (2s 2d to 2s 2%d per lb) ; (3) 248 s to 252 s per cwt (2s 2%d to 2s 3d per lb).

Australian, free.—August 27, 220 s to 245 s per cwt (Is ll%d to 2s 2%d per lb) ; August 20th, 220 s to 225 s per cwt (Is to 2s pep lb). Argentine, salted and unsalted. —August 27th, 215 s to 233 s per cwt (la lid to 2s Id per lb) ; August 20th, 215 s to 233 s per cwt (Is lid to 2s Id per lb). Argentine, free.—August 27th, 218 s to 230 s per cwt (Is ll%d to 2s o%d per lb) ; August 20tb, 218 s to 230 s per cwt (Is liy 2 d to 2s o%d per lb. Government ex-store prices.—New Zealand: August 26th to September Ist, 262 s (2s 4d). Australian: (1) 245 s (2s 2 1 ,4 d), (2) 242 s (2s l%d), (3) 247 s (2 2%d). Argentine: 225 s per cwt 2s per lb). CHEESE. Market remains quiet, and quotations somewhat irregular. English firm, but demand restricted. Finest farmers—August 27th, 160 s to 168 s per cwt, Is sy<l (o Is 6d per lb; August 20th, 164 s to 168 s per cwt’, Is 5%d to Is 6d per lb. Canadian.—White, August 27th, 130 s to 134 s per cwt. Is 2d to Is 2y»d per lb. Colored, 128 s to 130 s per cwt, Is 2%d to Is 2d per lb. August 20th ; White; 134 s to 136 s per cwt. Is 2%d per lb, colored, 132 s to 134 s per cwt, Is per lb. New Zealand.—August 27th, white, 128 s to 130 s per cwt, Is l%d to Is 2d per lb; cel-rod, 126 s to 130 s per cwt. Is l%d to Is 2d per lb. For exceptional, 134 s per cwt. Is 2%d per lb. August. 20th, white, 134 s to 136 s per cwt, Is 2*4<l per lb. Colored, 130 s to 134 s per cwt; Is 2d to Is 2% d per lb. Australian.—August 27th, white, 120 s to 126 s per cwt, Is o%d (o Is per lb; colored, 120 s to 126 s per cwt, Is o%d to Is iy.d per lb. August 20th, white, 120 s to 126 s per cwt Is o%d to Is iy>d per lb; colored 120 s 90 126 s per cwt, Is o%d to Is iy 2 d per lb. HEMP. Tie Manila market is idle and quotations easier. "J” grade, June-August to AugustOctober shipments, now quoted at £37 per ton. New Zealand market dull and prices quite nominal. There are probable buyers of high points at £35 10s per ton, fair £33 per ton. WOOL. Bradford has maintained improvement, through the increased demands, due to smallness of stocks more than to increased consumption, while strength In primary market also had hardening Influence. Present quotations for tops are (last week’s prices in parentheses) : August 27th: 64’s (merino), 3s 4d (35).; 50's (super halfbred), 2s l%d (2s) ; 40’s prepared'(coarse crossbred), Is 0&d (Is). The London sales open on Tuesday next. 70,000 bales free wool and 60,000 bales B.A.W.R.A. will be offered Cor sale during the series.