WOOL SITUATION.

Digger (Invercargill RSA), Issue 37, 26 November 1920, Page 15

WOOL SITUATION.

ENGLISH STORES CONTAIN 2,634,978 BALES. "LOWER PRICES EXPECTED. A statement as to the amourit of New Zealand and Australian wool in store in Great Britain was made in the House of Representatives recently hy the Prime Minister, who had promised a few days earlier to cable to the High Commissioner for information on the point. He had received a communication from the Ili-rector-General of Raw materials stating that the stocks of Australasian wool held by the Imperial Government on September 30 were as follows : — -

j The following was a compai'ison of stockg held at June 30 and September 30, 1920 : — -

Mr Massey added that the DirectorGeneral of Raw Materials had been asked by cablegram if the closing values obtained at the October London saies could be accepted as approximately Imperial Government reserves, and he had replied a§ follows : — ■ ' The continued weak market ana especially low offers by Argentine and Australian sellers make it impossible to expect low ancl medium grades owool to sell at November auctions at prices equivalent to those realised in October. We are doing cur best to make the reduction as small as possible." "It is not a very good position," eommented Mr Massey. "xhat is the best that can be said about it."

Bales. Merino 3,959 X-hred combing fine 71,l.u2 X-bred combing medium ... 218,937 X-bred combing low 149,204 X-bred clothing fine 3,394 A-bred clothing medium ... 10,922 X-bred clothing low 0,313 Stipe 150,227 Scoured 149,198 Total ... ... 765,356

NEW ZEALAND.

Merino combing 688,046 Merino clothing 119,847 Merino carb 9o,282 X-bred combing fine 300,599 X-bred combing medium ... 228, 0o4 X-bred combing low 137,079 X-bred clothing fine 4l,u40 X-hred clothing medium ... 41,--' X-bred clothing low zu,690 X-bred carb fine 78,924 X-bred carb. medium 79,o44 X-bred carb. low 40,240 Total 1,-. 0,622 Grand Ttotal 2,634,978

AUSTRALIAN.

June 30. Sept. 30. Merino 1,130,256 914,134 Crossbred ... l,o-V>,031 1,571,617 Slipe 135,187 150,227 Totals 2,905,474 2,635,978