DOMINION WOOL SALES

Evening Post, Volume CXX, Issue 111, 6 November 1935, Page 12

DOMINION WOOL SALES

MARKET PROSPECTS

OFFERINGS ALLOTTED

rfe'.? Zealand wool sales of the 1935 season begin at Auckland on November 26, Napier on December 2, and Wellington on December 7. At June 30 last there were 164,400 bales of greasy wool held over in growers' sheds and brokers' stores. The view of the trade is that this unsold wool should not much affect the mar-, ket when the new wool comes to be I offered as since June 30 the quantity has been reduced. ■ Estimates of the wool held over in New Zealand today vary, and no doubt are subject to correction, but they range from 98,000 to 112,000 bales. As to the future it is believed by those who keep in close touch with wool market movements in England and the Continent that the outlooK for all classes of textiles is good and there should be an advance of ljd to 2d per lb at the first sale to be held in Wellington this year on the rates ruling at the corresponding saie of 1934. But growers should not expect any meteoric rises in the market, sound as the position appears to be ;at the moment. ■ : No great surplus of wool is reported to be held in the various consuming centres. ■ • The New Zealand wool committee, comprising representatives of the producers, woolbrokers, and woolbuyers, held a meeting yesterday for the purpose of exercising its functions in regulating the offerings of wool, at the various sales to be held throughout the Dominion during the coming .season. The maximum aggregate quantities- of wool which may be offered at the sales were fixed as shown hereunder:—' 1935— -. : Bales. November 26—Auckland .;'.. : 25,000 December 2—Napier 28,000 December 7—Wellington ~ ■ 26,000 December 12—Christchurch -~ -24,000 December 16—Timaru V. .'20,000 December 20 —Dunedin .. ''■ 25,000 1936— ,• January 6—Wellington • 30,000 January 11—Napier 30,000 ■ January 16—Wanganui .. i,. ; 30,000 j January 21—Auckland ....:.. \ 25,000 January 27—Christchurch ..:. ; 28,000 January 31—Invercargill ...... 26,000 February s—Dunedin 30,000 February 10 —Timaru -.No limit February 15—Wellington ...;.. 30,000 February 20—Napier .....r... 28,000 February 24—Wanganui .....; 30,000 March 3—Christchurch .-..'... 26,000 March 6—lnvercargill ...'. ..No limit March 11—Dunedin .''. ;1. 28,000 March 16—Wellington ....... 25,000 March 20—Napier '..;. No limit March 24—^Auckland ........ No limit March 27—Wanganui ..' No limit March 31—Christchurch No limit April. 3—Dunedin ...;.'.. No limit •April B—Wellington ........ No limit • Dalgety's reported that; exports of wool from New Zealand for the first three months of this ".wool year," beginning July 1, were 75,571 bales against 42,822 bales for the corresponding period of 1934. For September only the exports were 32,727 bales which, however, included 14.095 bales of slipe wool.