WOOL TRADE.

Auckland Star, Issue 111, 13 May 1935, Page 4

WOOL TRADE.

BRIGHTER OUTLOOK. YORKSHIRE CONFIDENT. (Keccived 10 a.m.) LONDON, May 11. The strong opening of the London wool sales, following the firmness of the markets in Australian selling centres, has been naturally reflected at Bradford. Topiuakers have been able to advance quotations. The "Yorkshire Observer" says: — What the trade now wants to know is whether #.ie present advance is likely to be niaiu#.lined. Responsible men in the industry are saying to-day they see 110 reason why wool in the present sound position should show any weakness in price between now and the aliening of the next Australian selling season. The present keen demand by all woolusing countries, and the fact that the overseas selling season is drawing to a close, with a consequent diminishing in supplies there, encourage the belief that prices will remain somewhere near the present level. More than one trader, indeed, predicts still dearer wool before the season ends. There seems to be general .satisfaction among wool importers and topmakcrs at the recent advance. They believe it will bring out business which has been held back because buyers have been uncertain about the trend of prices. According to reports, there have been inquiries which suggest that a buying movement is not far off. WHERE N.Z. WOOL GOES TO. The New Zealand Wool Brokers' Association has prepared a table showing the destinations of New Zealand wool since 1901. Quinquennial averages are shown for exports from 1901 to 1920. After that the separate years are given, from 1921 to 1934. The total purchases of foreign countries are not ascertainable, due to shipment through British houses. For reasons of space it is not convenient to reproduce the table, but it may be stated that for 1934 and 1933 the percentages of shipments were as follows:— 1034. 1033. Destination. Per cent. Percent. United Kingdom ... 00.92 74.57 France 7.20 1i.92 Germany 5.00 3.53 Belgium 4.08 4.7S Japan 4.85 3.28 United States .80 .17 Italy 1.10 .94 Canada 2.03 1.78 Australia 3.17 2.10 Utlier countries .... 2.00 1.33 Totals 100 100 For the five years, 1901-1905, the percentages were as follows:—United Kingdom, 98.02: France, .35; Germany, .04; United States, .00; other countries, .33. Japan came "into the picture" in 1921 witli .09 per cent of the business done, and the United States in that year bought 4.54 per cent in New Zealand, and Canada 1.45 per cent. The yearly average ' quantity of wool shipped from New Zealand during the five-year period, 1901-05, in millions ot' pounds was 149.39. In 1934 it reached 255.80. But the heaviest quantity for any one year since 1901 was in 1922, when the j return was 321.53. of which the United I Kingdom took 90.89 per cent. i