WOOL TRADE IN 1909.

Dominion, Volume 3, Issue 750, 24 February 1910, Page 10

WOOL TRADE IN 1909.

w iK, r «Port_on' the wool . trade dur££w 9 Messr JL' Holmuth' Sohwarto, wool- £ say th ? t lu many, ways the . past year Bm proved a surprising, one. - To begin with, the 'supplies were very much heavier thim had been anticipated. InSSL?- a.&oreaac'lii the- Australasian - w A actually.been assumed m certain o.uarters, there was an inaS t °i D , 0 ' *j ewe , r than:224,000 bales. And the trade had also to reckon : with' furfc- S r / as ? a J > L 10 ' , ' 0(l(! bales, from the: pfSo 1i 1 bales from ..the; Elver Hate, total production reaching the i ? lo i bales, including a record Australasian c1ip,0f;2,296,000 bales. A further surprise was provided when.it became .evident that these hum> : ouantities could: be . absorbed .without difficulty. „A no^ not !/ 'any hesitation apparent, and prices hardened steadily as. the rear advanced, so that merino is now fully .10 per cent, and crossbred ,25. to 30 J«r cenVdoMw than a year.ago. Practically the whole of the increase in colonial production gone to -the Continent L i'l' r e ■ l lalter takin K' no fewer to 85,000 in excess of their last year a purchases, i. -• . . , ' SUPPLIES AND DELIVERIES. - •„ T ! l o e n/ ollo J wil, . i; Eivea the yearly total vnloo in 1895 and since:l9os of. the colonial bupv, based ;Upon a fairly trustworthy aver* age value ( per bale:— v , • IMPORTS; INTO ETTROPE AND AMEBIOA ; ■ TOE THE,SEASON. ';;; _. Australasian Total coloniai Total 7mt r? ' I•• *#lae. ■ Kg . J'MJ. 2,270,000 :: £24,970,000 m 'JSK ."J^ 2 ' 000 £29,011.000 Js2 i 2,071,000 £35,207,000 ions •""" '1®"-' £39,435,000 •••••• IffiSJ ' 2,348,000. ' : £31,111.000' 1909 . ...... 2,295,000 2,676,000 \y £40,140,000. . .Thototal value is £9 millions 'more than in. 'tnc previous year • and •' exceeds • the v our V t , c oE . millions. The averatro per •?» OTCr ? 3 P". cent., more than in 1908. : The average , value per bale, .based on the .closing' series, Js estimated. at £16, against £135 in December; 1908—or 18 per 1 ? October.'l9o7,''£lß in m?' a ln December, 1901.' ~'lhe total ■ deliveries show a great in-crease-2,684,000 ..bales, ; against" 2,351,000 nales in, the previous year: . The sales in . first' hand -wools, amounted to 847,000 bales (821,0C0 Australasian .and 53.000 Capo) against 1,005.000 bales (952,000 Australasian and 53,000 Cape) in 1908,' leaving" ! stock.of only. 3000 bales,'.. The direct .purchases were 1.M0.000 bales d',482,000 Australasian and 328,000 Cape), against' 1,346,000 balos .(WOOO , and 223,000 Oapo). in 1908. ITio shares of the; English, co". American , consumption were. 34}, 59, and 61 .per cent, against 38J; 57J, and 4. per cent, respectively in. 1908,