NEW ZEALAND WOOL TRADE

Evening Star, Issue 23174, 25 January 1939, Page 8

NEW ZEALAND WOOL TRADE

SIX MONTHS' SALES AND EXPORTS SUBSTANTIAL INCREASES SHOWN LOWER OFFERINGS BUT BETTER SALES Sales of Wool in New Zealand during the six months of the 1938-39 season to December 23 show an increase of nearly 10.000 bales on those for the corresponding .period, of the 1937-38 season, according to the returns compiled by Dalgety and Co. Ltd. The figures include the first six roster sales of each season. ' . .

Offerings during the first six months of the current season totalled 154;558 bales, as against 160.448 bales for the first half of the 1937-38 season, a decrease of 5,890 bales, due to the lower limits at the six main sales imposed by the New Zealand Wool Committee. The actual sales for the six months to December 28, totalled 148,190 bales, as against 138.214 bales for the corresponding period of last season, an increase of 9.976 bales. Details of the offerings and sales of wool in the various centres for the first half of this and last season are shown in the following comparative table:— Six months lo December 2S,

The offerings of wool last month, which included the sales at Napier, Wellington, Christchurch. Timaru. and Dunedin, totalled 112.389 bales, of which 109,155 bales were sold. Shipments of wool last month were heavy, totalling 85,550 bales, of which 79,145 bales were greasy wool and 6,405 bales slipe. Exports of wool during the sis months of the current season to December 28 totalled 182,112 bales, compared with 138,832 bales for the corresponding period of last season, an increase of 43,280 bales. Details of the six months’ exports of wool are shown in the following comparative table: —

AUCKLAND WOOL SUMMARY OF YESTERDAY'S SALE [Per United Press Association.] AUCKLAND, January 24. A decline of approximately IJd per lb on the prices paid at the first wool sale of the season held in Auckland lust November occurred at the second Auckland sale in the Town Hall to-day. There was a full bench of buyers, and bidding was brisk but not spectacular. The average price was estimated at about 8d per lb, or £ll 13s 4d a bale. The clearance was approximately 85 per cent, of the offering of 24,001) bales, and on this basis the return to growers is estimated at about £240,000. The average price at the first Auckland sale of the season was 9.76 d per lb, or £l4 2s lid a bale, and the return was £339,896. Active participation by the United States and a measure of interest on the part of Japan were the features of the sale. The bulk of the offering, however, went to the Continent, Germany being more prominent than France among European buyers. Bradford was well in the market, but little interest was displayed by local mills. NORTH ISLAND LAMB WAIRARAPA WINS COMPETITION Press Association—By Telegraph—Copyright LONDON, January 24. (Received January 25, at 11.5 a.m.) In the New Zealand North Island lamb competition Wairarapa retained the district shield, with Feilding second and Waikato third. The cash prize for the best three pens was won by Waikato with Feilding second and Wairarapa third.

19 38 Offered.; Sold. 1937. Offered. Sold ' ‘ Bales.Bales. Bales.. Bales, Dunedin ... 20.247 24,903 20,445 25,705 10,144 Timaru ... 18.054 17,495 10,978 Chri»lchurch ... 20,200 25,423 27,233 10,244 Blenheim ... 45 33 33 33 Wellington Wanganui ... 27,108 25,884 24.987 22,846 ... 2,120 1,932 2,708 2,405 Napier ... 25.205 24,810 23,385 21,140 Gisborne ... ... 1,818 1,757 1,332 1,207 Auckland ... ... 27,050 25,955 37,347 22,424 154,558 148,190 100,448 138,214

Six mos. to Dec. 28. 1938. 1937 . bales bales. Invercargill ... ... ... ... 14,054 6.529 Dunedin ... ... ... 0,432 7,115 ... ... 1,938 8,019 6,520 Christchurch ... ... 10,928 13,771 Blenheim ... ... ... 2,053 182 ... ... 109 501 Wellington ... ... 38,574 33,649 Wanganui 5,201 5,981 New 1'Iymoutlv V* aitara ... 370 394 Napier* Waikokopu ... ... 35,883 22,299 (iisbourne-'l okomaru Bay Auckland Opua ... 18,809 32,902 15,851 23,752 Total 182.112 138,832