PROSPECTS FOR WOOL

New Zealand Herald, Volume LXXII, Issue 22179, 5 August 1935, Page 5

PROSPECTS FOR WOOL

AUSTRALIAN CONDITIONS SOME REACTION POSSIBLE PASTORAL EXPERT'S VIEW Speaking at the annual meeting in Melbourne of Goldsbrough* Mort and Company, Limited, Mr. K. M. Niall, chairman of directors, said that trade conditions in all States had shown some improvement, largely as a result of the previous season's satisfactory wool prices, the stimulus of which followed some time after the event. The position had been helped also by increased exports in other principal commodities, such as wheat, butter, and meat. "In the ordinary way, we must now expect some reaction owiog to the substantially reduced commodities balance for the year just ending, and the prospect of a large decline in quantity as regards the coming wool clip," said Mr. Niall. "However, there is the favourable price oiitlook, which doubtless will not be without its psychological effect on trade confidence." Mr. Xiall said it was' noteworthy that all recoveries in secondary industry were being pressingly used by the unions as reason for increased wages, but it was quite unproved that Australia could afford increased costs until primary industries were on a much more stable footing than at present. Mr. Xiall sounded a note of warning regarding the proposed marketing bill in Victoria, which it was suggested would embrace wool in addition to other commodities. "The history of incursions by Australian and other Governments into the realms of industry is well known," he said. "In the case of wool, the financing and marketing arrangements are probably better than 111 any other industry, and any attempt by a State Government to interfere is bound to lead to the utmost confusion aad land the industry in heavy loss. The market has shown definite signs of improvement, and anything that will tend to unsettle the trade would be a calamity." COUNTRY STOCK SALES NGARUAWAHIA VALUES GOOD DAIRY CATTLE SOUGHT The Farmers' Co-operative Auctioneering Company, Limited, reports having held its Xgaruawahia stock sale on Friday, when a good entry of cattle consisting mainly of dairy cattle came forward. Competition for good quality sorts was equal to late rates, while only a fair demand existed for later calvers. Fat and store cattle showed no alteration. Quotations: — Light fat cows and heifers. £3 to £3 los; killable cows, £2 to £2 12s; boner cows. 16b to 28s; fresh conditioned Shorthorn cows. 34s to £2 Ts 6d: store cows, 26s to 325; gooa quality dairy cows. £5 to £5 15s; Jersey and Jersey-cross cows, later calvers, £6 IUB to £4 ss: Jersey and Jersey-cross cows, more backward, 30s to £2 10s; good quality heifers, close to profit, £-1 to £o; and heifers, later calvers. £2 los to £3 10s; more backward, 30s to £2. HORSES AT MATAM ATA Dalgety and Company, Limited, reports having held a horse sale at Matamata on Friday when a small yarding of horses came forward. Good quality draught horses were in demand and sold readily. Hacks were oi poor quality and were neglected, Unbroken horses sold Teadily. prices being as follows:—On account Mr. B. SutcliSe. rising two-year gelding, medium _ draught, £2B, on account Mr. J. Given, rising two-year geldings. £3l 10a and £3O; on account Mr. A. McArthur, three-year eelding, light £l9. Broken horses: On account Mr. L. Maher. draught mare, seven years, £sl; same vendor. aged mare, all work. £41;; on account Mr. W. Banish, three-year gelding, chains, £42; same vendor, light three-year■ fillies, £2O 10s and £29; on account Mr. J. W imlierty. medium draught gelding, chains, £3. 10s; on account Mr. F. J. Downie, gelding, three years. £26; on account Mr I. Mulholland, gelding, three years, £26; on account Mr." F. Barugh, mare, five yeais. chains, £24; same vendor, elding, four years, chains. £24; on account Mr. J. McKay aged mare, trial, £lB 10s. Hacks: Medium quality, £7 10s to £l2 10s; others, £5 to £5 10s.