WOOL PRODUCTION

Hawke's Bay Tribune, Volume XXIV, Issue 234, 15 September 1934, Page 13

WOOL PRODUCTION

Heavy Increase for 1934 Season YIELD WAS GREATER “Wool production in New Zealand fur the year ended June 30, 193-1, show, an increase ol 12.1 million lb. over the total production ol 288.4 million lb. for the previous season, ’ states the monthly Abstract ot Statistics. “Contrary to anticipations early in-the season, the average yield lot each sheep shorn proved to be higher in 193334 than in 1932-33, and the position was further affected by a record lambing (with a greater number ol lambs shorn), and by a later killing season It is probable also that, with the much higher prices ruling fur wool, farmers wuuld endeavour to realise on their dead wool, crutchiugs, etc., to a greater extent than in immediately preceding years. “Information as to production of wool is not obtainable directly; but it is possible to compute fairly accurate figures on the basis of exports and local consumption during the 12 mouths ended June 30, and the variation m stocks revealed by tho annual census of stocks of wool held on June 30. “In tho following computation of total production, scoured, washed, and slipe wool has been converted to a greasy basis on tho assumption of au average loss of 33 1-3 per cent, in weight, while wool exported on skins has been taken at an average of 41b. a kin ’■ (Million lb.) Year ended June 30,

Exports of wool Exports of wool 1932 248.1 1933 310.0 1934 308.9 ou skins 6.8 11.1 14.4 Acquired by New Zealand mills 70 6.6 6.0 .. —— 1 - ■ ■ 261.9 327.7 329.3 Valuation in stocks .. plus 20.9 -39.3 —28.8 Estimated production 282.8 288.4 300.6