FIRM WOOL MARKET

Dominion, Volume 30, Issue 157, 31 March 1937, Page 14

FIRM WOOL MARKET

Final Wellington Sale, Saturday

STRONG DEMAND EXPECTED It is expected that there will be a firm aud . w-illV held in the Wellington Town Hall ° n ßrokeS la anticipate that prices will be fully firm on the high rates paid f ° l "° h °2 at the Dunedin sale of March 24.. - - third Wellington sale on February 1J prices showed a decided easing from those paid at the January sale here. Since then however, the wool market has (shown J much stronger tone, and it isi expec ed that not only will the I’ebruarj decline be made good on Saturday, but price* may be even a little better than M ellni„ton January rates. The catalogues were completed jester day, and it is expected that Saturday s offering will total slightly more than os 000 bales. There is said to be a keen demand for wool and a good clearance is expected. AUSTRALIAN CLIP Wider Distribution This Year The shipment figures below give indications of the distribution of demand for wool in Australia this season. Demand has been more widely distributed than for some years. Despite the i .Teased production of artificial fibres, the world wants wool. A notable increase in the quantity bought for China and Hon,Kong has occurred. .Marked expansion has also been experienced in the tops taken bv Chinn from Bradford. The two developments give an indication of an appreciable extension in the Chinese null industry. which will further expand competition for the Australian clip. From July 1 to February 28 exports of wool from Australia totalled 2,010.i2;> bales, a decrease of 55.933 bales compared with the corresponding period of the previous season. Shipments to the principal destinations were as follows: —

' Increases in quantities are shown by United States 130,539 bales, United Kingdom 91,153 bales, Belgium 65,049 bales, Italy 55,978 bales, Germany 31,336 bales, ■'France 20,460 bales, Austria 6923 bales, Canada 3107 bales, China 1187 bales', Mexico 1057 bales, Switzerland 753 bales. ,lapan shows a decrease of 442,760 bales, .Netherlands 15,803 bales, and Poland 4736 bales. The total for Belgium includes wool in the process of transport to 'France.

Japanese Buying in South Africa

The effects of strong Japanese competition for wool in South Africa from July to Jlecember last are shown iu the export figures for that country. The shipments made compared with'the previous season were as follows:—

During the period Jajian did not purchase in Australia, but her activity in Africa resulted in Great Britain and France particularly transferring a good portion of their operations to Australia, both those countries, Germany, Italy, Belgium and the United States taking increased quantities in the Commonwealth. 'That action was necessary because consumption of wool is about equal to the quantity grown annually, and .a marked increase ill buying on the part of any country in any one quarter must, as a ■result, compel other consumers to seek supplies elsewhere.

MANCHUKUO WOOL No Fear of Competition Dr. Clunies Ross, director of the McMaster Animal Health Institute, speaking at a meeting of the Sheep and Wool Graduates’ Association at Sydney last week, said that climatic conditions were so rigorous in Manchukuo that even Japanese experts were depressed at tjie possibilities of establishing a successful wool growing industry. Australian growers need have no fear of any real competition from that region. Japan’s big objective iu fostering a sheep industry in north-eastern Asia, he said, was to provide sufficient wool, probably 20,000 bales a year, to meet military requirements. When the Japanese were able to produce that quantity in their own territory their sheep rearing efforts would probably be relaxed. Japan’s hugs demand of wool from Australia was for general commercial requirements. and not for military purposes.

Tallow and Hemp Markets Quiet The Department of Agriculture has received the following cablegram from the High Commissioner for New Zealand, I ondon, dated March 25: —- Tallow: Spot market quiet with prices unchanged. Hemp—Manila: Market quiet on account of being a holiday. Shipment March, April, May quoted sellers £3l/15/-. Sisal: Market quiet but steady. At about last rates quoted; New Zealand not offered. AUCTION DIARY TO-DAY. Johnsonville Fat Stock Sale, 1 p.m.—Mixed Stock (Wright, Stephenson and Co., Ltd.). ill Dixon Street, 1.30 p.m.—Superior Furniture (C. W. Price). TO-MORROAV. Showgrounds, Palmerston North, 12.30 p.m.—Blyswood Annual Sale . (unreserved). Account of J. A. Russell, Esq.. Pedigree Berkshire and Tamworth Pigs. Included are a number of show animals. Catalogues on application. (Dalgety and Co.. Ltd.) Kaetihi Autumn C'atrle Fair, 11.30 a.in. (Freeman R. Jackson and Co., Ltd.). Upper Hutt Stock Sale, 1 p.m. (Dalgety and Co., Ltd.),

United Kingdom ... 1935-36 Bales. 726,0(59 1936-37 Bales. S17,222 l’p] <r inni 279 468 344.517 France 198.647 219.107 United States 75.417 205,956 561.444 118.GS4 Ger’nan v 69,282 100,61 S 10.497 1 ’ol: ind 3S.439 33.703 Netherlands ....... 44.278 2S.925 (’zechoslovakia .... 24.125 27.596 Austria 9.119 16,042 Canada 6.753 9,860 Switzerland 5.516 (5.269 Sweden ........... 6.672 5.S67 -Indi.i 3.624 5.334 Fort ugal .......... 2.487 3 084 Mexico 501 China anil Hong-Kong 209 1.396 Yugoslavia ........ 273 698 Bulgaria 456 683 New Zealand ••••«. 263 581 G recce 1,549 301 Brazil : . 270 Spain . 177 Turkey ..... K used a 450 169 BgJ pt • • • • «,• • •.. 200 151 British Malaya .... — 124

1935; lb. 1936. lb. Japan France 3,300,000 38,700,000 20.300,000 36j000,000 United Kingdom 28,800,000 12,900,000 Germany .... 18,400,000 11,800.000 BeWuiu .... 10,700,000 9,400,000 Italy 200.000 4,200,000 United States . 1,400.000 countries 6,600,000 2,300.000 Other 3,700,000 105,400,000 103,300,000