CARRY-OVER OF WOOL

New Zealand Herald, Volume LXXII, Issue 22166, 20 July 1935, Page 11

CARRY-OVER OF WOOL

LARGE DOMINION STOCKS, '! ' % ■ i INCREASE OF 100,000 BALES REVIEW OF PAST SEASON !. _ The amount of greasy wool hold in the Dominion on June 30 was estimated at 164,411 bales, 93,148. bales being in brokers' stores and 71,263 bales in clients' sheds, according to Dalgety's wool review for .1934-35. This compares with 61,469 bales held at the end of th« 1933-34 season. The chief destinations of wool purchases in the past season, compared with the previous season, were as follows: — United Kingdom, 203.753 bales (227,570 bales); France, 84.221 (93,150); Japan, China and India, 29,500 (42,387 many and Austria, 28,561 (123,454); United States and . Canada, 20,425 (14,497); Belgium and Holland, 19,333 (36,700); Australia, 11,000 (16,700); local manufacturers, 27,638 (21,500) local scourers, 32,484 (551,000).

The review describes the 1934-35 season as a difficult one and states that all connected with the wool trade were relieved and thankful when it ended. It states: —" Lack of confidence on the part of wool users was a pronounced feature of the season, economic conditions dictating a policy of caution. Future prospects for improved trading are a little more encouraging, - and although prices for crossbreds are below cost of production, indications for a slight increase in prices during the coming season are noticeable. " During the selling year German competition, owing to trade restrictions, was sadly missed, especially in the North Island for the wools which are eminently suitable for the German trade. Recently two German representatives, who are interested in the woolmanufacturing were in the Dominion endeavouring to make arrangements for the coming season's business. Their aim was for a barter agreement to be consolidated, but it is very doubtful if the Government irill move in that matter.

" The character of the dip last season was not quite up to the standard of 1933-34. The wool was thinner grown and more wasty. Super wools suitable for United States and Japanese trade were proportionately lens than the quantity offered in the preceding season."

KEEN WOOL BUYING

RUSSIANS -IN LONDON GREASY CROSSBREDS SOUGHT LONDON. July 18 At the London wool sales to-day '.3958 bales were offered, including 6038 New Zealand. About 7574 bales of Australian and New Zealand weye sold. There was keen competition for better grades of Merinos and crossbreds and fujl rates were secured. Inferior sorts were somewhat irregular. Russia.ni> are buying greasy crossbreds at hardening rat os - • . . , , New Zealand sales mclud-jd: — Scoured Merino, "RR/T," top price, 2Hd< average, 21? d; slipe halfbred lambs, "Belfast," 15id and 13Jd. BRADFORD TOPB " • & CROSSBREDS HARDENING LONDON, July 18 On the Bradford market the upwardmovement in Merino tops has been checked, topmakers finding it difficult to collect the last advance. Crossbreds are firm, with a hardening tendency. Following are to-day's prices and those of recent weeks:- 1 - . ' : June 27 July 4 July 11" July 18 Per lb. Per lb. Per lb. per lb., d d d d Seventies .. 30 31Vi 81Vi 32% Sixty-fourb ..29 SO 31 31 Sixties .. 27-/, 28 29% 29% Fifty-sixes ..19 19*/, 20 20 Fifties .. 14'/, 14% .15 1£ - Forty-sixes .. 11% 'l2 / 12/S 12/« Forties .. 10% 10% 10/ a 10/4