ANNUAL WOOL RETURNS

Dominion, Volume 9, Issue 2838, 1 August 1916, Page 8

ANNUAL WOOL RETURNS

A. LARGE REVENUE ' - DALGEJYAND CO.'S REVIEW;. : ...We have received from Dalgety and "■' Co., ltd., a-oopy of their annual wool "■■.".'■' report for the'past season.. This:annual '■'..:"'■. review is of'value,to every wool-grower, as it puts alKwool matters on permanent and enables any particular aspect ■ 'of tho. trade to. bo analysed and studied. ..It. may bo mentioned that it has now 'reached its eighteenth year of issue. ' [Results to Producers. -The most,.important fact in the whole .-'•':. / compilation from tho wool-grower's point :. of. view is that the'total: value of .the Australasian, wool clip (for export) in, the .;_.'. past season amounted to almost thirtythree millions sterling, of which a little :'" : under thirty millions was realised at the local sales. It-would, perhaps, be thought .that this sum-would, establish a record for Australasia, such is not the case, as. 6wing to..'.the lessened • production ri. ■ through the drought last season,' . the 1913-14 season, with a buihper production, ' realised about half a'million, sterling aaore than the 1915-16 clip. The average / :'/■■ ... -nnopl rovenue obtained'during the past : .three seasons may be regarded as einin- ■•.- .' ently satisfactory,-and if similar Teturns - .can be secured in the ensuing season, producers will have, every.'reason to be more than 'pleased- .with' the' value ■' . ,' "realised for'.the clip, generally.-' Bemand and.Distribution. . ;,-.iThe' matter coming uext in order of ■importance froiuthe wool-grower' 6 stand- -•'..'- point is, perhaps, that of tho demand for : s .the wool marketed and the distribution -. of same. Taking everything into, con- ■ eideration, the demand, generally, jispeaky Ving, was excellent. American buying was '.; wonderful, and had no equal in the liia- ':•.-.- ''tory'of the Australian/sales. There was V-also important purchasing on.account of "Japan and Italy, while France and the Australian mills also gave good; support! lYorkshire was the mainstay of the -'-' market, taking. 41 per cent, of the offer.'.ings,.as.against 61 per cent, in the prejrious 'season, the smaller proportion being accounted for by the much stronger buying in the- past season; on account '■•'..,'.■' of--America and.'.ltaly. The large requirements of the Allies in the'way of clothing for the troops exercised an cnor- ; mous effect onithe raw vvpol markets, . and from the present outlook -it seems : 'probable that there will be a.continua- -•'.".' • • tion. of' this. special demand, at any rata •'.;■ ' in ; the near future. Future Prospects. Tfie-outlook for wool values is conaSered by Dalgety and Co., Ltd., as particularly bright. At the close of a season ;' -which.has seen the highest level■ in '-. .' modern history, it may savour of undue optimism to look for a firm continuance ot.'.such prices,.but there,seems!no valid ./reason, to anticipate at present anything in;, the nature of-, a serious decline. The "'•_■.-:' enormous wastage of war continues, and .. ,'Hhe. backbone of the demand in the. cbm■■■■■y'.ing season may"'again, be the rcquire- ■ •.■'':■;.-mehts of the huge armies of Britain and .';het Allies. ~The..wider distribution', of; .the past season's purchases as .compared . with 1914-15 removes the danger of further congestion, and the longer breathing space between the selling of the old-and -, .the -new clip'strengthens the .position;, -■.■■.■'. .Consumption is heavy,--not only in; York-,. ■,'- : -..- jshire, but also in' America, Japan, and ,-■ltaly, and this, togetlier with prospects of increased business from Prance, should .' result in a keen, demand all round, and .-■•-.;■.: it-will not be surprising, on present indications, if another year of abnormally ... high .prices is experienced, especially if. the latest embargo which now shuts but ... 'America is retaoved. . ..... ':■■-. ../'-. Tho' bumikumi, ;or (-Maori vegetable '.marrow, crops' have- Keen exceptionally '. heavy in the Tauranga district this season (says the "Bay of Plenty Times"), "• , and will enable many local farmers to carry cattle through the winter in good \ condition. A paddock of .fifteen acres'on . . ' Air. • lysaghfs estate' • was' planted •in maize and kumikumis, and is now pro- ■'.. viding feed for numerous ibullocks, which are to be fattened on, the area. The . maize turned out: well, while the ground ..-' - was literally covered.with kumikumis. It' may be stated •• that the, kumikumi is -.-; relished by cattle,' and.possesses excellent 1 fattening qualities. ",'>' ;■'■■'■ We note with -interest-that all the best prizes for cheese'-at the,Palnierston Show and the best prices in the London market were obtained by those makers who .use.Victor Vats. These famous vats em- ■■■-.;.' body n new,principle, of middle drainage y " —worth while investigating. A. J. Par- ,..'.'.;. ton, Dairyman, Carterton.—Advt :*.'■■■■■., Particulars'of-two choice'dairy farms are advertised for sale and exchange by Messrs. Miller and.Butter,,Wellington. . Miss Una- Carter; of tho-Wellington Gas. ..Company's demonstration staff, will give a, gas .cooking demonstration in the com.nany's room on August 2. This week Miss -, v. Carter will 'demonstrate the cooking of eold meat dishes-and-savouries. - ■