Page 20 Advertisements Column 1

Press, Volume LXIV, Issue 19451, 26 October 1928, Page 20

AUCTIONS. H. MATSON AND CO. H MATSON and CO. SUBMIT THE I'NDEHMENTIONED FOR THE GROWER'S PERUSAL. REPORTS TROM ENGLAND, AMETUCA, and AUSTRALIA:— THE BRITISH WOOL CLIP. A REVIEW OF THE PAST SEASON. A smaller number of fleeces wero offered a! tbe majority of the auction pales held at »ountry markets in England and Wales this rear, and the decroase on the total of the /orrefponding sales in 1927 amounted about 7 per cent. Tho decreased entries ■were most noticeable at Shrewsbury and at the sales in tho Wiltshire area. Tho quality of the wool appears generally to have been well np to average. At the opening sales it was evidence that prices would be on a considerably highor level than in 1927, and as the season propressed there was no slackening of the daMand. and tbo increased prices were maintained throughout the whole of tho sales. The following table shows tho average prices per lb obta.ned for the different classes of wool in each of tho last six years (average of ho£g and ewo wool) : Unwanted wool— JMf!. '24. '-35. *26. '27. '23. Bor. Leicester 181 13g 118 131 17J 121 Kent .. 181 131 lis 12i 17 11 Southdown .. -12 172 13| 151 251 ISJ Hampshire .. 194 161 141 151 22J 17J Shropshire .. 203 142 13 15l 20 158 Hnffolk .. 201 153 131 133 HIS "8 Kerry Hill .. 191 145 12? 14? 191 143 Ilalfbred .. 181 141 111 12J 181 133 C'hoviot .. 181 145 128 131 181 13g Welsh 145 318 31 12 151 11 Eiraoor .. 18g Ui 12g 13g 178 131 It will be noticed that prices as a wholo approximated fairly closely to those realised in 1924, but whereas tho long-wools and the Shropshire, Kerry Hill, and Welsh wools recovered and in come cases exceeded the 1924 averages, the averagos for the Hampshire, Suffolk, and Southdown wools fell somewHat short of these levels. The average increase in the prices obtained in 1928 over those of the previous year was fully 41d per lb, and talcing all classes of wool into consideration tho prices for the 1928 season -were 76 per cent, higher than pro-war. FOR HIGHEST PRICES SEND YOUR WOOL TO H. MATSON and 00. THE WOOL SITUATION IN AMERICA. FACTORS WHICH MAKE FOR LOWER p-rioes. Dr. Lewis H. Haney, director of the Business Research Bureau of New York University, writes as follows on the wool outlook in America in the "Texfile World":— Then opening prices made by the American Woollen Co. and followed by others, probably represent the culmination of a number of conditions, but, when all is said, they indicate the economic necessity of lower prices for staple cloth which is primarily due to tho weakness of demand. Doubtless there has been considerable price cutting, and the opening prices may pe considered as a recognition of the actual condition of the market. Such action by .the leading manufacturer will probably clarify the competitive situation. The reductions reflect a dull market in men's..staples and.also the relative cheapness of fine wools. -They are bound to have an unsettling effect and naturally buyers will endestfour to force concessions >ll along the lino. FACTORS OB* STRENGTH IN WOOL PRICES. The factors tending to support wool prices are as follows: (1) Mill stocks in general are believed to be small, and certainly stocks 6f foreign woolb •re scanty. (2) London auction sales Indicate that the world markets ate in, si fairly firm position, showing good resistance to attempts to drive prices down. (3) In the domestic market, wool is on the whole strdhgly held, and prices have shown gfcod resistance tb pressure. (4) Stocks of most klnag of wool go6ds •re small. (5) A lltlte gain has appeaffcd iH "the enquiries from manufacturers. (6) Probably the manufacturers do not want any large decline iti wool jfrices, as that might hnrt business and cause cancellations. Probably they wopld pretet stability. TO ENSURE THE FULLEST COMPETITION TOR MIXED CLIPS. GET YOUR WOOL CLASSED BY H. MATSON and CO. CONDITIONS INDICATING LOWER PRICES. As tending to bring lower,wool. prices the following points may do mentioned; (1) The Uiilted States clip Is fcatlnlSted at Bore than 18,000,0001b larger than last year's, and Australian cbnditlons are reported to be so favourable is to slake a target clip probable. (2) Several million pounds of wool remain unsold in Texas and. New Mexlcbj and there is a possibility that the shipment of wools on consignment will increase. (3) Receipts at Boston have been very Urge, in comparison with mill They *ere extraordinarily large, considering the three-month period ending with July as a ★hole. (4) lforeiMi receipts at Boston, havd recently picked tip a little, £hd iinporta of combing and clothing wool in. July rah considerably over a yeat ago. Stbcks in bond are larger. (5) The Londori sales showed a woaker undertone in the work market, and it was plainly apptrent th&t prices held aS vtell as they did thiefly because of heavy withdrawals. (6) The recent reductions in the prices of staple cloths, are good evidence that 'the; markets will not stHnd Such high prices as; existed, and may iricUcaft) th&t the. leading factor in the Industry is well CbvfeHd; (7) Mill consumption' continues ierf low, and the manufacturers still brihg pressure for lower prices. (8} Business in Bradford is very dull, and t<y> prices ih that matkat hSVe declined. SYDNEY WOOL SAMS. MARKET UNCHANGED. INFERIOR SOfifS STILL IRREGULAR. Catalogues submitted yeatdrri&y, 4th Oct., totalled 11,800 bales, Cdifioti, Ltd., and Commo nweilth Wbol fend Produce Co., Lid., being the selling btokers. The selections dhiefiiy comprised Western, Jforth-Westerh, and Riverina - woolgi The Western wools were mostly .of good length, but carried a fair ainotint of btlhr. The Sydney wool selling btokers report: Under good and general competition, mainly from Japan, France, Russia, hrid Gerajahy, the market was unchanged from list week's ratta. All good and average sorts sold freely, bit iiifeHor and doubtful yielding ltiieS tvetß Still irregular and difficult of Sale. Greasy merino fleece sold to 25} d, comeback to 30} d, and crossbred to 181 d. NOW IB THE TIME TO EMPLOY A RESPONSIBLE FIRM LIKE H. MATSON and CO., WHERE YOU GET DIRECT AND PERSONAL ATTENTION. H. MATSON ahd 00. NOTE. NOTE. NOTE. H. MATSON and CO. draw thfl attention of growers to tho above information which is from reliable sources, and from the main wool realisation centres of the world. With the unemployment in the world and the reduction in the spending power in many of the centres, it naturally follows thit irregularities will take place in the realisation of any commodity. The best always brings the highest price, the medium shows slight irregularity, and the lower qualities which generally bring prices In excess of market Value in good times have to swing back to a lower basis. As New Zealand wool is a cleau wool compared with other countries, we have every confidence (taking the world's parity as the groundwork of values) that tho prices paid in oar centres will compare favourably with the world's rates. H. MATBOU ifad COm WHft OhrilMtaefc.