WOOL TRADE REVIEW

New Zealand Herald, Volume LXXIII, Issue 22405, 29 April 1936, Page 9

WOOL TRADE REVIEW

OPTIMISM TIIE KEYNOTE EXPANDING CONSUMPTION IMPORTANT MARKET FACTORS (Received April 28. 11.35 p.m.) SYDNEY, April 28 Optimism is the keynote of the annual review of the wool trade issued to-day by Winchcombe-Carson, Limited. It says: The tendency is for the consumption of wool to expand in spite of the increase in the output of substitute fibres, which is five times greater than 10 years ago. The coining season's wool market depends chiefly upon trading and financial conditions abroad. Practically no carry-over stocks are available for mill men. The expansion of purchases by Japan has become a most important market factor, for whereas about 25 years ago Japan bought 20,000 bales of wool, tho day appears to be not far distant when 50 times that quantity will be necessary. Much larger consumption also was recorded last season in Britain, the United States, France, Belgium, Spain, Holland and other countries, including Australia. Although the Germans bought only about one-fifth of their usual requirements last year, quite large quantities of Australian wool reached Germany through other countries in the form of treated wool, tops and yarns. Yorkshire's activity was ono of thoi most reassuring features of the season's Australian sales. United Kingdom imports of Australian Merino in 1935 were 96,723,0001b. greater than in 1934. The past season was remarkable for tho stability of wool values, which averaged 40~ to 50 per cent above those of the preceding year. The absence of fluctuation promoted confidence, strengthened competition, and enhanced prices. The wool sold in the Commonwealth and abroad in the 1934-35 season was worth £41,000,000 in Australian currency, compared with £52,000,000 in tho 1935-36 season. Crossbreds did not advance as fully as Merinos, which was partly due to the fairly bulky carryover stocks, particularly of New Zealand. The production of wool in Australia for the year ending June 30 next is estimated at 3,000,000 bales, compared with 3,197,854 in the 1934-35 season. SALES AT BRISBANE ALL DESCRIPTIONS FIRM (Received April 28, 9.45 p.m.) BRISBANE, April 28 The sixth series of wool sales in Brisbane opened with competition very keen and general. Japanese, German and Bradford buyers secured most of the catalogues, and the French section gave fair support. Values, compared with March rates in Brisbane, were firm for all descriptions. Top prices were:—Greasy, 21Jd; scoured, 32£ d. THE CITY MARKETS RIPE BANANAS SCARCE MOST VEGETABLES PLENTIFUL Practically no ripe bananas were available at the City Markets yesterday. A fresh shipment arrived yesterday by the Waipahi from Fiji and when this fruit ripens the demand will be satisfied. Fair quantities of mandarins and oranges also arrived by the Waipahi. Good quality apples sold freely, while pears were plentiful and realised slightly lower values. The season for outdoor grapes is nearly over and prices showed a sharp rise on those of last week. Hothouse varieties, however, were plentiful. Supplies of passion fruit were reduced and there was a fair demand. Fine quality hothouse tomatoes were available and met with a good inquiry. Cauliflowers were in heavy supply and values were slightly lower. Cabbages also were plentiful, best quality realising good prices. Although green peas were plentiful, the quality suffered as a result of recent rains. Beans met with a brisk demand and sold at recent rates. There was a glut of pumpkins, while beet and turnips were dull of sale. There was a keen inquiry for potatoes. Supplies of poultry were medium and there was a keen demand. Rates in many lines showed a sharp rise. Values were: — FRUIT Apples. Delicious, Nelson. 3s to is a case; local, 3s to ss; Ballnrat, 3s to 4s 6d: Granny Smith, 3s Gd to 5s 6d; Jonathan, ■is to Gs; Munro, 3s to 4s; Rome Beauty, 4s to 5s Gd; Statesman, 4s to 4a 6d; Winesap, 3s Gd to ss; windfalls and others, Is Gd to 2s Gd; pears, L.8.J., 5s to 5s Gd; Keif Tern, 2s Gd to 4s; P. Barry. 3s to 4s Gd; \V. Coles, Gs to 7s 9d; \V. Nelis, Gs to Gs Gd; tomatoes, outdoor extra choice, 8s to 9s Gd: others, 3s to 7s; hothouse, 8s to 10s 9d; tree tomatoes, 2s Gd to 4s Gd; oranges. Californian, 30s; Jamaican, 21s Gd to 30s; Fiji, 13s to 15s; grapefruit, Californian, 30s; lemons, choice, cured, 9a to lis; others, 4s to 8s; mandarins, Fiji, 15s to 203; bananas, ripe, few, 245; originals, 13s fo 15s; pines, Queensland, 12s Gd to 17s Gel; grapes, Te Kuuwhata, 7b Gd to 93; hothouse, Coleman Special, Is s}d a lb; best, Is to Is 3d; others, Gsd to lid; Cape gooseberries, 3d to sd; passion fruit, 3a to 5s a crate; figs, 2s to 3s; guavas, 4s to da Gd; persimmons, 23 Gd to 3s. FIELD PRODUCE Beet, 3d to 9d a dozen; celery, cooking, 3d to 8d a bundle; dessert. Is to Is 9d; carrots, Gd to Is 2d a dozen; cauliflowers, 3s Gd to Gs Gd a sack;, on benches, 3s to 5s a dozen; cabbage, 3s to 8s Gd a sack; on benches, 9d to 2s 9d a dozen; cucumbers, Is to 2s a dozen; French beans, 2s to 4s Gd a bag; stringless, 4s to 7s Gd; green pens, 2s Gd to Ga Gd a bag; kumarns, 3a to Gs; leeks, lid to 2d a bundle; lettuce, Is to 3s Gd a case; marrows, 9d to is 9d a dozen; melons, water, 4d to Is 3d each; onions, 2s to 3s a bag; potatoes, Ohakune Buttons, Gs to Gs Gd a bag; other varieties Ohakune, 4s 9d to 5s Gd; Brussels sprouts, 2Jd to 34d a lb, pumpkins, Crown, 3s to 8s a cwt; Red Warren, 2s to 3s Gd a sack; parsnips, Gd to lOd a dozen; radish, 3d; rhubarb, Is 9d to 3s a bundle; spinach, 3d to Gd; spring (nions, Is 6d to 2s; swedes, 2s to 3s a bag; turnips, 3d a dozen. POULTRY Cockcrelß, heavy breeds, prime, 3s Gd to 5s 9d each; not prime, 2s up; light, prime, 2s 3d to 3s Gd; not prime. Is Gd up; fat roosters, heavy, prime, 2s Gd to 3s Gtl; light, Is 9d to 2s 3d; frit hens, heavy, 2s 9d to 3s 9d; light, 2s 3d to 2s 9d; pullets, heavy, best, 3s Gd to 5s Gd; smaller. Is Gd up; light, best, 33 Gd to 5s fid; smaller. Is Gd up; drakes, young, prime, 2s to 3s; smaller, Is up; old, 1b Gd to 2s Gd; ducks, yqung, 2s Gd to 3a Gd; old, Is Gd to 2s Gd. BUTTER AND EGGS Eggs hen. A grade, 2s 4Jd a dozen; B, Is lOjrt; C, Is 7Jd; dusk, A, 2s 2Jd; B, Is lljd, C, Is 7id. Butter, farmers', lOd to la a lb. GOLD AND SILVER QUOTATIONS IN LONDON LONDON, April 27 Fine gold is quoted to-day at £7 0s 10Jd an oz., compared with £7 0s lid on Saturday. < The quotation for silver at per fine oz. is 22d, same as on April 24. The following is a summary of tho fluctuation in the price per ounce of fine gold this year: — £ e d Highest price, v January 2 . . 7 14 Lowest price, Feb. 4 and 10 7 0 6 April 21 7 0 9i April 22 7 0 11 April 23 7 10* April 24 7 0 lli April 25 7 0 11 April 27 7 0 10i