SMALLER WOOL CLIP

New Zealand Herald, Volume LXXV, Issue 23130, 31 August 1938, Page 9

SMALLER WOOL CLIP

EFFECT OF DROUGHT

DROP IN NEW SOUTH WALES

REDUCTION OF 20 PER CENT

[FROM OCR OTTX CORRESPONDENT] SYDNEY, August 23 ,4"' There is growing feeling among experts in the ■wool trade thats-tlie drop in the wool production of Jsfew South Wales this year will be much more than was officially estimated last June by

the joint conference of' the Australian Woolgrowers' Council and the National Council of Woolselling Brokers, the authorities which make th.e Australian estimates. The decrease estimated then was 121 per cent,' or approximately 200,000 bales. Many, experts now believe that it will probably be about 20 per cent. <

As giving some indication of the decreased production, reports from 32 early-shearing sheds handled by a cooperative shearing company show that tins year 512,000 sheep were handled against 552,000 last year, but that while the decrease in the sheep numbers was only 7.21 per cent, the wool decrease was 19.1 per cent; Reports are still to come from other districts where, especially in the central west and southwest, the drought was most severe. It is anticipated that in these districts the sheep numbers will be decidedly lower and that ; the sheep will cut very light. Actual brought losses are not yet known, but it is known that in these districts the lambing was a failure.

It is being suggested by early sellers of. wool that an earlier revision of the June wool estimates should be made. Usually the revision is made at the end of November or early in December. They believe that an earlier revision might have some effect on early wool prices if the revised estimates indicated the larger decrease. < - - The controlling bodies stated in June that the estimates were unusually difficult this year owing to the dry seasonal conditions in New South Wales. It has not been suggested that an earlier revision would be necessary for the other States, but New South Wales is the key State of the wool industry, havingapproximately half the sheep of Aus> tralia. The Australian wool production for 1938-39 was estimated in June at 2.970.000 bales. There is' a carry-over front last selling season of 233,000 bales, but some of this has since been sold privately. AUCTION IN SYDNEY COMPETITION MAINTAINED (Received August 30, 8:40- p.m.) SYDNEY, August SO At the Sydney wool sales to-day 11/292 bales were offered and 9995 were sold, also 206$ bales privately. Competition was well sustained for all descriptions, the demand coming chiefly from the Continent and Yorkshire, wit a only inoderate support from Japan. Prices were on a par with yesterday. Greasy Merino made 16$ d per lb. BRADFORD MARKET CROSSBREDS FIRM ' LONDON, August 29 The Bradford market is quiet. Topmakers are asking 27id for sixty-fours, but they are obtainable at 27d. Crossbreds are firm and unchanged. THE CITY MARKETS BETTER DEMAND FOR APPLES VEGETABLES PLENTIFUL %• All varieties of apples were demand at the City Markets yesterday, the inquiry for good quality apples being stronger than for some time past. - Fairly low prices were ' realised for Queensland pineapples, which arrived by the Maunganui yesterday. Lemons were still slow of sale, with* New Zealand grapefruit and oranges in better demand. , Large supplies of most vegetables were available, with prices showing a slight decrease. Cabbages and cauli-' flower were plentiful, with values lower, while prices for kumaras and potatoes were very low. Large quantities of cut flowers were offered and prices for most lines showed a sharp decrease. Prices were: — _ v FRUIT Apples; Delicious. 4s to 7s 6d a casi; Ballarat, 6s od to 8s; Dougherty, 4s to 7sj Granny Smith, 6s to 7s 6d; Rome Beauty, (is to Ss 3d; Statesman, 6s to 0s (3d; Sturmer, 4s od to 7s; Winesap. 6s 6d to Us Od; pears, Peter Barry, os 6d to- 6s 6d; - Winter Coles,.7s to 9s Od; Winter Nelis, 6s to Ss 6d; tree tomatoes, new. black, Ss to 10s Od; yellow, 6s to 7s 6d; oranges, Australian, 1 0,5 to 21s; grapefruit, New Zealand, extra choice, 5s to 6s; others, 4s to os; C'alifornian, 32s- 6d; leraons, choice, cured, 6s to 7s 6d; others, 3s to 4s; mandarins, Australian, 23s 6d; pineapples, Queensland, 13s 6d to 15;>; mushrooms, about 3s; coconuts, 16s sack. FIELD PRODUCE, " Asparagus, Is to 2s:6d bundle; beet, 6d to is. yd dozen; celery, cooking', Od to, Is 3d bundle; dessert, Is Od to 3s 6d; carrots, Is 6d to 4s bag, or 6d to Is 3d dozen; cauliflower, 2s to 6s sack;'on benches, is to 4s dozen; cafcbage,. 2s to 12s sack; ;on benches, 3s to .is dozen; cucumbers, hothouse, ,5s to Ss; green peas, Od to Is 5d lb; kumaras, Island, ins Gd to lls.cwt; Tauranga, 2s 6d to 4s bag; leeks, 2d to 4d bundle; lettuce, 2s to Ss case; onions, Australian 14s to 15s cental bag; potatoes, Southern, 5s to '6s cwt; O'nakune, 2s to -Is fid; new, iV' : d to 3V a d lb; pumpkins, choice Triumble, 6s to 12s sack; medium, 2s. 6d to ss; parsnips, 2s 6d to 12s bag, or Is 6d tp 2s dozen; radish, 6d; rhubarb. 3s to os; spinach. Is 6d to 3s; spring onions, 6d to Is bundle; swedes, 2s Gd to 4s bag; turnips, 6d to 9d dozen; Brussels sprouts,'3d to 3d lb. . ... POULTRY ~ - Cockerels, heavy breeds, prime,. 5s to 6s each; not prime, 2s 6d up; light, prime, 2s 6d to 3s; not prime, Is 6d up; fat roosters, heavy breeds, prime, 2s „6d to 3s 6d; light,, 2s 3d; fat hens, heavy breeds, 3s to 4s; light, is Od to 2s Od; pullets, "heavy breeds, best, ». 4s Gd to 6s; smaller; 2s up; light breeds, best, 4s to 7s; smaller, 2s to 3s; drakes, young, prime. 3s to 4's;. smaller, 2e to 3s; . old, 2s to 2s 6d; ducks, young, 3s to 4s; old, 2s, to 2s 6d; geese. 3s to os; turkey hens. 5s (3d to 7s (>d; gobblers, 7s to 10s. BUTTER AND EGGS Eggs, hen, A grade, Is 4V-d a dozen; B grade, Is 3'/ s d; C grade, llVid; duck, A grade, Is 4} ; d a dozen; fi grade. Is 3V s d; C gradQ, Is 1/jd. Farmers' butter. Is to Is Id a lb. HEMP AND TALLOW • QUIET MARKETS RULING The Department of Agriculture has received the following cablegram from the High Commissioner, Lonaon, dated August 26: — Tallow.—The market continues quiet on the spot with prices unchanged. Hemp. —The Manila market is steady. Fair business has been clone in the Japan is buying, with prices sltghtlv higher; "K" grnde sold August/October shipment, £'2o ss. Stocks in Manila on August 22 were 213.000 bales, against 176.000 at tha same period last year. The sisal market is quiet and inactive, with prices easier. September/November shipment quoted value £l6 los. The New Zealand market is inactive and unchanged. Stocks in London on August 1 wer© 120 tons, against 101 at the same time last year. WAIRAKEI HOTEL The report and balance-sheet of Wairakci, Limited, published in tha 11 Kitai.d on August 22. was adopted at the annual meeting of shareholders yesterday. The retiring directors, Sir Ernest Davis and Mr. C. W. Allder< ton, were re-elected.