SALES IN AUSTRALIA

New Zealand Herald, Volume LXXI, Issue 21938, 23 October 1934, Page 5

SALES IN AUSTRALIA

A CONSIDERABLE DECLINE RETURN TO SEPTEMBER 30 Returns issued by the National Council of Wool-selling Brokers of Australia, show that from July 1 to September 30 the sales of wool in the principal selling centres of the Commonwealth totalled 279,791) bales, which realised £3,541,507. Compared with the similar period of last season the turnover shows a' decrease of 115.898 bales and the amount realised a decrease of £3,651,812. The greasy and scoured wool sold averaged £l2 13s 2d a bale, or 9.69 d ]>er lb., the average's to the similar date a year ago being £lB 3s 7d a bale, or 14.03 d per lb. The greasy wool sold averaged £l2 3s 2d a bale, or 0.13 d per lb, the average 12 months previously being 13.3d I>er lb., and in 1932 8.73 d. The following return shows the quantity of wool sold and the amount realised from July 1 to September 30 during six seasons:— Bulea Amount 1029 .. 219.231 £3.092,588 1930 .A 215.708 f2.832.88fi 1931 .. 202.171 f2,545,812 ' 19:12 .. 370.2G2 £4.445,293 1933 .. 395.091 £7.193.319 1931 .. 279,793 £3,541.507 The reduced turnover to date this season has been eliioily duo to smaller allocations, but has also been caused by the refusal of a large number of owners to meet the market. Sales, howover, compare favourably with those inado from 1929 to 15)31. Generally speaking, Queensland growers havo faced the market and sold wool more freely than owners in other Australian centres. They have marketed their clips at a periltd when offerings have been smaller than usual. Ft is considered that business may brighten abroad as the winter season progresses in Croat Britain and Europe, but no indications of marked development aro yet in sight.

MERINO AND CROSSBRED UNITKD KINGDOM EXPORTS A survey of United Kingdom exports from January to tho close of July shows that crossbred wool and semimanufactures predominate. The total exports of tops wore 25,260,0001b.. niul Merinos comprised only 2,852.0001b. of that quantity. The weight of Merino wool retained for use in Great Biyitain was 144,088,0001b., . and crossbred 190,070,0001b. Re-exports of Merino wool wero 85,670,0001b., compared with crossbred 104, GOJJ,OOOIb. In addition, tho exports of wool grown in the British Isles, which is all crossbred, were 28,989,0001b. Tho Sydney Morning .Herald comments that Australia, growing a clip which is 82 per cent Merino, is apt to consider that type of wool dominant in consumers' favour, but 60 per cent of tho world's annual production is crossbred and carpet wool. In viewing the statistical position of the staple due regard must, therefore, be given to tho quantity of crossbred wool available as well as Merino. It is only on rare occasions, and then only temporarily, that Merino wool advances in price to a greater degree than medium to fine crossbred. CALL AND DIVIDEND LIST Dividends— Due South British—final. Is 4d a tdinro Oct. '25 United Building (Auck.)—final, 2! p.c. . . . . . . . . Oct. 26 Amalgamated Wireless ■— final, 6 p.c Oct. 29 Bank Adelaide—int.. 2 inc. . . Oct. 31 Wnilii--int., la a share .. .. Nov. I Hhuilnnd and Co.—final, 2} p.c., ord. and prof. . . . . . . Nov. H Tattei'sfirld"<> p.c. . . . . Nov. 15 Broken Hill Fty.--Half-yearly, In a slia.ro . . . ■ . . Nov. 21 Nat. Bank A'asift—int., Jt's and £lO paid, 2i p.c Nov. 28 Aus(. Glass—int. prof., 44 p.c.; ord., 5 p.c Dec. 1