WOOL TRADE

Evening Post, Volume CXVIII, Issue 31, 6 August 1934, Page 12

WOOL TRADE

AN ECONOMIC REPORT

LONDON, June 28.

The Wool Intelligence Notes issued by the Imperial- Economic Committee states that the wool shipments during May from the principal Southern Hemisphere exporting countries declined by 60,000,000 pounds, as compared with the same month last .year, and tf-iir aggregate shipments this season to the end o£ May, covering the bulk of the season's supplies, ivere about 170,000,000 pounds below the level of the corresponding period last season. Between July,' 1933, and May, 1934, the three Southern Dominions shipped 150,000,000 pounds lcs?» than in the same period last season, South African and Australian shipments having declined by 87,000,000 pounds and 74,000,000 pounds respectively, while New Zealand shipments increased by 11,000,000 pounds. Unsold stocks at ports in South Africa showed little change at the end of May, as comPAred with the end of April, but totalled 21,000,000 pounds more thau, at the end of May, 1933. As a result of the reduction in sales since March, stocks at Australian selling centres on May 31 were 7,000,000 pounds heavier than a year earlier, and the "carry-over at the end of the season will probably be considerably above last year's figures. .Shipments from Argentina and Uruguay between October 1, 1933, aud the end of May, 1934, aggregated respectively 52,000,000 pounds and 0,000,000 point less than in the same mouths last season. CONSUMER COUNTRIES. The aggregate retained imports of the principal consuming countries during the first four months of 1934 were slightly less than in the corresponding period of 1933. The retained imports of Germany and the United States of America showed increases of 37,000,000 and 32,000,000 pounds respectively, while those of France fell by 94,000,000 pounds, and those of Japan by 12,000,000 pounds. During the first five months of 1934 the United Kingdom showed a decrease of 41,000,000 pounds, or over 10 per cent. Germany s retained imports over the same period a»«"»^ to 220,000,000 pounds, as against 180,000,000 pounds last year. ■ . . The German ban on the import of wool and semi-manufactures, which came into operation on March 24 has been luriher extended to June 30. Stocks of tops held by commission combers in Germany cl»itinue to decline, the aggregate liguvo or the end of May being reported as under 15,000,000 pounds, in comparison with 23,500,000 pounds on May dl, i«M«>. ueimany's export trade in tissues during the period January to May fell by 12 pc cent., but Her exports of yarns shojvcdp increase of 14 per cent. Imports, of yan, were, however, considerably highei,to that the import balance rose by 2,j00,000 PKaw 'woo/ imports into Italy in the first quarter of 1934 were appreciably smalle than last year, and Italy's cxpoits oi [issues were slightly below last year's corresponding figure.