WOOL TRADE REVIEW

New Zealand Herald, Volume LXX, Issue 21391, 16 January 1933, Page 5

WOOL TRADE REVIEW

MOST MARKETS IMPROVING? FINE CROSSBRED 3 SOUGHT THE CONTINENTAL DEMAND (Received January 15, 6.35 p.m.) LONDON', Jan. 14 The London representative of the Australian Woolgrowers' Council, Mr. W. P. Devereux, reports that although the international position is unchanged, most of the wool markets are showing a slight improvement. Yorkshire Merino topmakers are adopting a strong protective attitude, insisting upon full quoted rates. Users are fairly well covered and are awaiting the London sales. Fine crossbreds are moving <• in .sympathy with Merinos. There is no quotable change in medium and low sorts, and inconsequence reports of New Zealand sales topmakers arc not making concessions. Weak sellers have been eliminated. Merino yarns are hardening but are dull.There is a moderate demand for fine crossbred wool, prices tending against buyers. Improved demand is reported in France for tops and -"noils, mostly Merino and fine crossbreds. German demand for tops is maintained. There is a quieter tone, but prices are unchanged. SALES IN DOMINION INCREASE FOR SIX MONTHS FIGURES FOR DECEMBER A total of 153,973 bales of wool. was offered at auction in the Dominion during the six months ended December, 1932, end 128,692 bales were sold, according to figures compiled by Dalgety and Company, Limited. Tn the corresponding period of 1931, the offering amounted to 113,510 bales, of which* 89.982 bales were sold. The total offering for December, 1932, was 145,708 bales, of which 121,215. bales were sold. Details of the offerings and sale 3 in December are as follows: Offered Sold Dunedin -« • • • • 23,350 21,700 Timaru . • : •» 10,207 9,-601 Christchurch .. .. 24,§35 23,150 Blenheim (oddments) .. 9 5 Wellington- .. • 29,151 23,339 "Wanganui 1 ■ * Napier . . • < •» 28,584 19,405 Gisborne (oddments) .. 756 363 Auckland .. - •• 28,755 23.557 Exports of -wool during December totalled 77,834 bales, the places of origin being as followslnvercargill, 1209; Dunedin, 355; Oamaru, 17; Timaru, 2354; Christchurch, 1096; Blenheim, 755; Nelson, 500; Wellington,'l6,sl3; Wanganui, 2179; New Plymouth-Waitara, 185; Napier-Waikokopu, 22,541; GisborneTokomaru Bay, 8701; Auckland-Opua, 21,429. The exporftr for the six months ended • December were 179,635 bales, compared ■with 153,961 bales in the corresponding period of 1931. WANGANUI AUCTION TO-DAY AUCKLAND ON FRIDAY The first wool sale of the season at Wanganui will be held to-day, when a total of 27,972 bales will be offered. The offering at the first Wanganui sale in the 1931-32 season comprised 21,741 bales. *? - The second Auckland sale will be held on Friday, the limit being fixed at 30,000 bales, compared with an offering last year of 25,191 bales. CANTERBURY MARKETS [BY TELEGBAPH —PRESS ASSOCIATION] CHRISTCHURCH, Saturday A few additional lines of Algerian oats have been offered during the week, the price remaining as quoted in the midweek, Is 6d a bushel on trucks. Farmers have accepted this price in a few cases. Italian ryegrass has also been offered, quotations ranging from Is 3d to ls 6d a bushel on trucks. The first, perennial ryegrass of the season has been submitted. Merchants' ideas of values range about Is 6d on trucks. Indications from * the samples to hand so far are that some perennial this season will be light. Rust has caused- some damage. The price offered is not leading to business. No suggestion has yet been made in regard to cocksfoot or red clover prices. There is no inquiry as yet from the North for potatoes.