The Local Market. 95 



THE LOCAL MARKET. 



Position at Mid-June, 1922. 



(Note. — The local market prices of certain agricultural produce and of live stock arc 

 published elsewhere in this issue.) 



WOOL. 



I'HK demand is still very good for most types but the market is now practically bare of 

 stocks, and it is not expected that any further big consignments will arrive at the coast 

 before September. Any odd lots now received at the ports are immediately bought up at 

 satisfactory prices. Although prices are still firm, there are indications of an easier market 

 in England, and if this continues there is every likelihood of the next wool season com- 

 mencing on a much lower basis than has been experienced during the last few months. 



The market values to-day are on a jiar with those quoted last month. 



MOHAIR. 



The market is very active for super summer firsts and the prospects for the immediate 

 future appear to be quite good. With regard to summer kids, there has been a slight easing 

 off in prices lately owing to the decrease in the demand. A fortnight ago up to 50d. per lb. 

 was paid for super summer kids, but to-day the highest price obtainable is 48d. The market 

 for other classes of mohair is firm and the prospects for the near future seem good. In 

 regard to the Turkish trade, it is reported that business in mohair has been brisk and, wiih 

 the exception of a few hundred bales which the owners refused to sell at any price, practi- 

 cally all the remaining old stocks of good or fairly good hair were cleared out at the end of 

 March last. For the first time for many months past, arrivals had exceeded salf s, most of 

 the accumulation at shipping ports in Asia Minor having been rushed to the capital in the 

 face of the increased demand and higher prices. A fair proportion of tlie new arrivals was 

 eagerly bought up in many cases before being landed, but towards the end of the month 

 demand commenced to slacken, and one cargo of about 2000 bales had to be taken into 

 warehouse Buying was not genera), being almost entirely confined to two or three 

 exporting houses, indicating that most of the purchases were for manufacturers' account, and 

 they will con-^equently not come for sale on the Bradford open market. Some of the 

 purchases are believed to be for American account. A sudden drop in the rate of exchange, 

 however, coming about the beginning of April, made business very difficult, and it was not 

 expected that- much mohair would change hands in the near future. 



Present local quotations are as follows : — 



per lb. ■ per lb. 



Super summer kids ... ... Itid. to48d. Average summer firsts ... ... 12d.tol3d. 



Average summer kids ... ... 86d. tii4.5d. I Winter mohair ... ... ... 6|d. to7|d. 



Mixed kids 18d.to2id. 



First winter kids... ... ... NTo stock." 



Average winter kids ... ... „ 



Super summer firsts ... ... l.">rl.ti) 16d. j 



Superfine Long Blue O.F.S. Hair itd.tol2d. 

 Kids 20d.to28d. 

 Basuto 10d.tol3d. 



SKINS AND HIDES. 



Competition still remains firm for all classes of sheepskins and of hides, but the niarkct 

 for goatskins is easier. 



The following prices were realized at the last sales . — 



Sheepskins. 



per lb. ! 



Sheepskins — sound 9^d. | Capes — salted each, 4s. 3d. 



Sheepskins— damaged S^d. I Capes — damaged Is. 



Pelts— sound ... 6d. 1 per lb. 



Pelts — damaged 3Jd. j Coarse and coloured skins — sound ... o^d. 



Capes— sun-clried ... .,. each, 3s. 2d. ; Coarse and coloured skins— damaged 2|d, 



