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THE RURAL WORLD

FARM AND STATION NEWS

By RU3TICUS.

SUMMER SHOW SEASON DATES FOR 1937-38 Agricultural and pastoral shows £oj the 1937-38 season have been arranger' us follows: October 29 and 30.—Timaru. November 3.—Kelso. November 4.—Ashburton, November 4, 5 and 6,—Royal show ai Palmerston North. November s.—Northern A. and £’ Association at Rangiora. November 11 and 12.—Canterbury, at Christchurch. November 17.—Waimate. N November 19 and 20.—North Otagt at Oamaru. Novembei 20.—Taien, at Outram November 23 and 24. Otago at Tahuna Park. November 27.—Clutba and Matau a’ Balclutha. November 27.—Wlnton. December L—Central Otago at Omskau 5 December 4.—Tokomairlro Farmers Club at Milton. December 7 and B.—Gore. December 11.—Wynclham. December 14 and 15.—Southland a' Invercargill December 17.—Maniototo. at Ran furly, December 18.—Otago Peninsula, at Portob'ello. December 27.—'Tuapeka, at Lawrence. 1938 January B.—Blueskin, at Waitati. January 15.—Waikouaiti. January 21.—Palmerston-Waihemo at Palmerston. April 18.—Mackenzie Highland Show at Falrlie. NEW ZEALAND WOOL SALES ROSTER FOR 1937-38 SEASON The following roster of New Zealand wool sales for the 1937-38 season is announced. It has been arranged by the New Zealand Wool Brokers’ Association and the New Zealand Wool Buyers Association: Centre. Opening time. 1937. Auckland 9 a.m. November 27 Napier 9 a.m. December 3 Wellington 9am December 8 Christchurch 9 am. December 13 Timaru 8 am. December 17 Dunedin 9 am. December 21 1938 Wellington 9 am. January 10 Napier 9 am. January IS Wanganui 9 am January 20 Auckland 8 am. January 24 Christchurch 9 am. January 31 Invercargill 9 am. February 4 Dunedin 9 am. February 19 Wellington 9 am February 16 Napier 9 am. February 21 Wanganui fi-SO or 4 p.m. February 25 Christchurch 9 a.m. March 3 Timaru 9am March 1 Invercargill 2 pm. March 11 Dunedin 9 am. March 16 Wellington 9 am. v March 22 Auckland , 9 am. . March 213 Wanganui t 9 am. > March 30 Napier " 9 am. , April ,4, Christchurch ’* 9 am. April 8 Dunedin r ■">. 2 pm. April 12 and/or.') 9 am, April 13

;J£WS FROM CLUBS

A meeting of the Palmerston Club was held on October 1.5, the chairman presiding over a good attendance of members. After general' business had been dealt with Df T. T. Thomas gave a very enlightening lecture on “ Tuberculosis,” and he explained the difference between human and bovine infections. Dr Thomas explained the nature of the disease and the easiness with which It can be contracted. After he had answered many questions a hearty vote of thanks was moved by N. Wright on behalf of the members. # # * A meeting of the Alexandra Club was held on the Bth instant at Mr C. D. Kinraid’s' residence. There was an attendance of 12 members. Some impromptu speeches were held and the winner was Mr G. M’Lellan. The matter of the stock-judging competition at the Royal Show, Palmerston North, was discussed, arid Mr W. Cummock was nominated as the Alexandra representative. * * * The Upper Waitaki Club held its monthly meeting in the Kurow Library on October 13. Various matters were discussed and final arrangements were made for the annual dance. A discussion also, took place on the field day that is to be held in the near future. i » * * Twelve members attended the monthly meeting of the Papakaio Club when Mr Shave gave a very interest-; ing lecture on “Milk and the Separator.” The secretary was instructed to write and thank the Papakaio Ploughing Match Society for its donation to the club funds. * * * Mr R. Grigor gave a very interesting talk in connection with several aspects of the law as it affects farmers at the monthly meeting of the Stirling Club, which was held on September 30. • There was a good attendance of members. * * * The Upper Clutha Young Farmers’ Club is holding its annual field day on the Wanaka Show Grounds on Friday, October 29. This club has always been very successful in its field days, and no doubt a very interesting and instructive day will result from its efforts this year. #* * ' A meeting of the North Otago District Committee is to be held in the Lyric board room on the 20th instant, to make arrangements for the holding of the annual field day for the North Otago clubs.

flame intarut to thoae engaged in agricultural and pastoral pursuits, Writh a view to their publication in there columns, will be welcomed. The, skmud be addressed to Rwsticua, Otago Daily Timed, Duaadta.

THE WOOL MARKET CURRENT SELLING CONDITIONS INFLUENCES AT PRESENT AT WORK BUYING COUNTRIES HOLDING OFF Market conditions which will have a strong influence on the New Zealand wool sales when they open in Auckland next month are discussed in the following article by “ Warp." in the Sydney Mail, who writes:— There is every evidence that the withdrawal of considerable quantities of wool from the selling brokers’ catalogues is having the effect of restricting competition at the sales, buyers, realising that the wool is piling up, apparently being prepared to sit back and wait till it is offered later in the season. It is largely a waiting policy on both sides, and who will be the gainers in the long run is so much a matter of conjecture that it would be quite unsafe to hazard an opinion. The return or the absence of Japanese competition must be a big factor in developments. Although the absence of the Japanese has been the most commentedupon fact in connection with the wool market since the opening of the Australian season, it is noteworthy that the United Kingdom operators are also taking considerably less than they did last season. Even allowing for the fact that the offering is,not particularly suited to their requirements—and on some days particularly so—they are by no means as keen as they might be, and the market is suffering in consequence.

When the Japanese were absent from the market last season their competition was replaced by United Kingdom buyers, who bought heavily and were very largely instrumental in maintaining prices at their then satisfactory levels —levels which are being largely repeated at the present time. Yet if the backing from the United Kingdom is limited it is still a factor in maintaining values. Just now the Continent is very much in the bidding and securing fairly large parcels of the staple. Germany and Italy are buying well, with France and Belgium giving useful support, and the usual moderate but welcome inquiry is coming from other Continental countries. In addition, local demand is very useful. For such lines as will suit her the United States bids freely. On the whole, values cannot be considered as anything else than remunerative, although it is probable that we will see better prices if and when we have both Japan and the United Kingdom competing at their peak. But there is a very definite “ if ” in that prospect. It must be realised, too, that if this competition develops it may come when the market has all the wool that anyone can possibly require, for, despite the fact that growers are,now seeing the future d little more clearly and are offering their wools more freely as they become .available, catalogues are still very often: below their allocation, and this leeway will have to be made Up Sooner or later. That buyers are not competing more keenly for the reduced supplies shows that they are well aware that reduced offerings now are going to lead to plenty of wool being available in the second half of the season. In favour of a maintenance or imKement in prices are two factors: , that stocks are apparently being drawn upon to fill wnat orders are about; and, secondly, that the excessively dry season over a large area of the wool-growing country, and especially the late-shearing districts, seems to point to lighter clips. Also important is the fact that armament plans are going ahead ,right throughout the world, and while this was, or at least militaristic, fever continues there can be no question that the demand for wool must continue. Yorkshire, apparently, is holding off as long as possible to see which way the market will g 6; but so far, while there have been some signs of weakness developing, there has been no indication of anything in the nature of a slump; therefore, to that extent her restricted purchases seem rather useless from a “bearing" point of view. Until last season Yorkshire could be classed as the biggest “ bear ” influence in the wool trade. Last season she came right out and gave excellent “ bull ” support,, while the Japanese endeavoured to “ bear ” the market. This season both Japan and Yorkshire are “bearing.” Japan has very little money to spend and wants to make it go as far as possible, while Yorkshire has enough wool to see her through for a while and is not going to buy any more than is • absolutely necessary. Last season Bradford bought a lot of wool that was not particularly suited to her requirements, but the demand was strong and supplies not up to what was needed, so she made do with what she could get. That policy probably saved her much money later on in the season when the Japanese arrived in full force. If Japan does come strongly into the market at any time this season, then the Uftited Kingdom buyers are going to be caught, for there is no question of supplies of wool being too great for the demand, provided there is no prolonged extension of the present reluctance to sell. Bradford, however, feels that she has a grievance against Australia. Her representatives point out that last season they were of very material assistance to us by the way they “ stuck ” to the market when others did not. They complain that while in 1928-29 United Kingdom piece-goods manufacturers supplied about one-sixth of the imports into Australia, in 1931-32 they were supplying but one twohundredth part of those imports. With a lowered tariff their share of the 1932-33 business was only about 1 per cent. Although the figures have improved to give the United Kingdom a £250.000 share of £10,500,000 business in piece-goods imported into Australia during the last complete year for which figures are available, they consider that figure (about 2\ per cent.) much too low.

Our wool cheque last season was well over £60,000,000 and they point out that United Kingdom Board of Trade returns for the year ended June 30 last showed imports of wool valued at £21,000.000. thus representing about one-third of our wool going to the United Kingdom. Their trade with other dominions is on a much more satisfactory basis, and Bradford has officially expressed her opinion that she is not getting “ a fair show in the Australian market.” On the face of things that is correct, yet the United Kingdom gets a very fair share of Australia’s general import trade. However, our customers are daily becoming more insistent that if we want to have their custom in the wool market we must deal more largely with them, Italy and Germany were most emphatic on the subject, and the United Kingdom takes up the same attitude

That Australia holds the balance oi power in the woolgrowing world is a fact, but the fact also remains that we in these changing and troublesome times cannot afford to sit down and do nothing about our customers requests. Even if we cannot see our way to accede to them all—and that would be impossible—it would appear that conciliation would be the best policy, especially as far as Bradford is concerned.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ODT19371026.2.11

Bibliographic details

Otago Daily Times, Issue 23332, 26 October 1937, Page 3

Word Count
1,914

THE RURAL WORLD Otago Daily Times, Issue 23332, 26 October 1937, Page 3

THE RURAL WORLD Otago Daily Times, Issue 23332, 26 October 1937, Page 3