WOOL TRADE.

Auckland Star, Volume LXVI, Issue 35, 11 February 1935, Page 4

WOOL TRADE.

WORLD PROSPECTS. SUPPLIES NOT TOO HEAVY. RUSSIA A WELCOME CUSTOMER (Received 11 a.m.) LONDON, February 29. ''With half a world's Merino clip sold or earmarked for immediate consumption, the remainder should bo absorbed without serious shrinkage in value," says .Messrs. Dawson and Sou, reviewing the London sales. They point put that the re-entry of Russia us a potential consumer is h worldwide asset, especially in view of the diminished purchases by Japan, Germany, Italy and France in Australia. The "Yorkshire Post" estimates the wool production in 1935 at 2,077.000,0001b, increases in Australia and Uruguay offsetting decrease in New Zealand and South Africa. CHRISTCHURCH SALE PRICES. JUST OVER B%D PER LB. (By Telegraph.—Press Association.) CHRISTCHURCH, Sunday. For the second wool sale of the season at Christchurch on January 28, the final figures are as follow: Offered, 25,198 bales; sold, 24,001 bales; realisation, £280,143; average price per lb, B.(M2d; price per bale, £11 12/10.3. At the December sale in 1934 the price per lb was 8.214 d, and the price a bale £11 2/8.02. At the second wool sale last year the price per lb was 17(1, and the price a bale £23 2/, or nearly double the rates realised for this season. SALES IN DOMINION. LARGE DECREASE SHOWN. Sales of wool in the Dominion for the first seven months of the season show a large decrease, according to returns compiled by Dalgety and Company, Ltd. Dominion offerings comprised 230,818 bales, of which 200,207 were sold, while the corresponding figures for 1933-34 were 320,374 and 315,003. During January, 129,380 bales were offered and 114,508 sold. Exports of- wool during December totalled 73,631 bales, of which 2623 bale 3 were shipped from Auckland and Opua. For the seven months' period 186,459 bales were exported, against 347,763 in the previous season, the Auckland, and Opua figures being 20,956 bales and 39,893 bales respectively. CUSTOMS ASSESSMENTS. Rates of exchange ruling at the announced dates of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessels in New Zealand, finally declared rates being marked*:— Canadian Scottish. Canada, dollars 4.90 H-S Niagara, Canada, dollars ......... 4.87 1 Port Auckland. America, dollars .. . 4.871 Canadian Challenger, Canada, dols. 4.871 Golden Bear, America, dollars .... 4.87J Mariposa, America, dollars 4.881 Ardenvohr, America, dollars *4.92 Ardenvohr, Canada, dollars *4.!11 Brisbane Mara, Japan, yon *14d ] Brisbane Mart, Hougkona,. dollars.. *21d