WOOL OUTLOOK

Grey River Argus, 6 December 1932, Page 7

WOOL OUTLOOK

N.Z. SALES. The New Zealand Wool Committee has set the following liuu..- {for cOL’icg 1932 Bales. Dec. 2 Auckland 25,000 Dec. 6 Napier 30.000 Dec. 1(1 Wellington 30,000 Dec. .14 Christchurch 25.000 Dec. 16 Timaru 10.000 I Dec. 20 Dunedin 25 000 1 1933. Jan. 6 Wellington 30,000 I Jan. JI Napier 30.000 i .lan. 1G Wanganui 30.000 I Jan. 20 Auckland 30.000 j Jan. 25 Christchurch 25.0(H) | Jan. 30 Dunedin 30,000 Feb. 2 Invercargill 30.000 i Feb. G Tima’u J-I/Tit) Feb. 10 Wellington .30.000 Feb. 14 Napier 25 000 | Feb. 17 Wanganui 30,000 | Feb. 23 Christchurch 25,000 I Feb. 2S Dunedin 30,000 , Mar. 3 Invercargill no limit ] Mar. 13 Napier 25.000 | Mar. 9 WeEington 30 000 BRADFORD SURVEY. Messrs 11, Dawson. Sons, and Co., I IJti.. London and Bradford, in a survey] of the wool position as it appeared on ' I.3th October, remarked on the revived demand (for medium New Zealand cross-', bred wool (4G’s-50’s) from the Contin (‘nt. “This has given new hope for] these sorts, which are at the lowest I value (gold 1 *vel) that can be re- J membered. The domination of the Lou dori market by the Continent has bee n r'markable, while in the overseas markets a strong support from Japan has also been well supported bv Germany and France. Yorkshire is still hesitant. It is difficult to establish adequate values for tops and yarns in Bradford that will show a margin of profit, and ih« re is a natural caution to avoid any repetition of the losses of recent years, “Thi* position, although somewhat less rosy than a month ago is not unsatisfactory. Jif the market is irregu lar and less stable, it is effervescent

| and lively. Demand is strong. Consumption is well maintained in every centre, except in the finest worsted trade. The hosiery and knitting yarns sections are enjoying a remarkable activity. The call for the o’d fashioned crochet yarns for home work is a significant feature, both in England and Germany. JAPAN AND UNITED STATES. “Japan is again a strong and predominant factor in the Colonial mar Ik> ts. The US.A. domestic clip is beI ing steadily absorbed, thanks to the • ocentlv increased activity of the mills. I J’he old supplies held by the Farm ; Board are also steadily dwindling. I This does not y t directly affect our | market, bur in all probability the sup--1 plies next year may he inadequate for ! tho requirements of the U.S.A, industry. The (lection next month will be a critical one in that the tariff problem is one of the leading issues. The present duty on the cheap cross-bred grades is prohibitive jfor these desir- ' able wools, and it is hoped that this | anomaly may be adjusted. “’Hhe chaotic conditions of world I politics and finance are still difficult ! for export trade. The restrictions | which obtain in many countries for the I payment of old accounts not only forej east serious losses, but are strangling ! all chances of n-'W business. The sysi tern of licenses and quotas is most unI satisfactory, being sometimes associ- | ated with corruption and bribery; (while high tariffs and their corollary '« varying exchanges continue to retard i th“ return to prosperity. Happily, a i slow but steady ameloration is developing in some countries.”