WOOL TRADE.

Timaru Herald, Volume CXXV, Issue 18349, 21 August 1929, Page 3

WOOL TRADE.

DALGETY AND CO.’S REVIEW. NEW ZEALAND AND AUSTRALIAN STATISTICS. Dalgety’s •’Annual Wool Review,” dealing with •‘Results to Producers” for wool sold in the Commonwealth and New Zealand markets for the year ending June 30th, states: — A Record Turnover. Although the Australasian wool sales during the season 1928-29 were made at a definitely lower range oC values, especially during the latter half of the selling period, a substantial increase in the volume of wool realised proved a very material • ompensation, and in the final analysis the wool cheque was the second largest ever received for the golden fleece in Australasia. Despite an all-round decrease of £3 9s 5d per bale, the total wool cheque was £69,339,438, or a decrease of £4.538,424 as compared with the record result of the 1927-28 wool selling season, when £73,877,862 was secured. The result is remarkable, and if compared with the last wool market boom period of 1924-25, the past season shows an advantage of a quarter of a million sterling. Admittedly the result is due to a onsiderably increased turnover, and the average value per bale has been exceeded upon many occasions, but it is a comfortable reflection that an excess of 285,742 bales was disposed of and that the “carry-over” of unsold wool at the end of the season was a negligible quantity. Frankly, the trade will regard the financial result of the reason’s wool sale operations as highly satisfactory considering the conditions prevailing in consuming centres. The outlook when the season opened was far from encouraging. The Yorkshire trade was more or less demoralised, and buyers followed a hand-to-mouth policy, whilst America was practically out of the market, and on the Continent several important sections were faced with their own peculiar problems all, more or less, curtailing activity. It was undoubtedly the spirited support of the Japanese buyers that made the range of values possible, and before long Continental buyers gave a full quota of support. Market developments were the reverse of the previous season, when there was a steadily firming demand and prices were on an appreciably higher level after Christmas The 1928-29 record was of a price level, fairly well sustained in the first half of the season, but steadily falling away in the later stages. The Home trade was fortunate in that it could not operate to any extent in the earlier stages and was able to buy the oulk of its requirements at reduced levels Once, however, wool values fall and confidence becomes shaken, buyers fear that the “bottom” of the market has not been registered, and it was this factor which prevented any section reaping an undue advantage in the fall. The wool cheques of the Commonwealth and of Australasia are compared in the figures given below with those of the eight previous seasons. The comparative figures of the p ;stwar years are as follows:

The 3,221,327 bales sold in Australasia weighed 1,018,225,4621 bas compared with 2,955,585 bales weighing--920.066,7381b during the 1927-28 seain passing, it is interesting to note that the weight of Australasian wool touched the billion mark for the first time in history. The average weight per bale was 316.11 b, as compared with 311.31 b the previous season. Net Production. The net production in New Zealand was 698,000 bales, as compared with 665 000 bales in 1927-28, an increase of 33.000 oales. Adding the total production of the Commonwealth to that of the Dominion of New Zealand gives the Australasian aggregate of 3,650,877 bales as compared with 3,338,000 bales in 1927-28, an increase of 228,877 bales. Taking the comparison back two years the increased production is 261,439 bales. A Comparison of Averages. A summary of Australasian averages as compiled by Dalgety and Co., Ltd., for a number ot seasons past illustrates, the fluctuation in pastoral re • suits:—

Destination of Shipments. Analysing the destination of wool purchased (from returns supplied by buyers) show that out of a total of 3 221.327 bales, the Continental section absorbed 1.643,851 bales, ranking in the aggregate as Australasia’s best customer, the figures comparing with 1,457,339 bales in 1927-28. Taking the countries individually, the United Kingdom was again the heaviest buyer, taking 891.765 bales, as compared with 819,916 bales in 1927-28. France was second with 672,894 bales, as compared with 601,174 bales the previous season, and Germany was third with 432,228 bales, as compared with 442,215 bales in 1927-28. Japan was again in fourth place with 365.319 bales, comparing with 351.001 bales the previous season. The United Kingdom took 28 per cent., as compared with 28 and 31 per cent, in the two previous seasons respectively. France 2.1 per cent., as compared with 20 and 23 percent. in the two previous seasons, Germany and Austria 14 per centos compared with 15 per cent, in the tow previous seasons, Belgium and Holland took 10 per cent., as compared with 8 and 7 per cent., and Japan 11 per cent., as compared with 12 and 8 per cent. These are trie Australasian figures, and in Sydney and Brisbane the predominance of the Continental section wa6. as usual, more marked. In Southern centres and New Zealand the Home trade lead, such variations being largely due to the suitability of the offerings to the varying requirements of users. T\fIcINTYRE’S Extra Strong Regulating Pills. Every Lady should keep a box in the house. Price 6/- per box. All Chemists sell them.

Season. Commonwealth Australasia £ £ 1528-29 ... 57.122.056 69,339,438 1927-28 ... 60,873,662 73,877,862 1926-27 ... 55,610,468 64,818,586 1925-26 ... 57,718,015 65,980,862 -924-25 ... 55,545,838 69,083,182 1923-24 ... 53,306,374 64,929,298 1922-23 ... 46,238,801 54,169,743 1921-22 ... 27,296,723 41,504,090 1920-21 ... 13,114,997 15,475,014

£ s. d 1928-1929 21 10 6 1927-1928 24 19 11 1926-1927 21 13 0 1925-1926 20 19 4 1924-1925 33 13 10 1923-1924 29 9 9 1922-1923 22 9 8 ‘1921-1922 15 8 1 1920-3921 15 12 J 1919-1920 22 15 7 1918-1919 22 13 11 1917-1918 22 8 5 1916-1917 21 12 8 1915-1916 16 10 10 1914-1915 12 15 7 1913 1914 13 4 11 1912-1913 13 13 1 1911-1912 11 15 5 1910-1911 12 10 4 1909-1910 13 12 2 1908-1909 11 6 10 3907-1908 13 0 2 1906-1907 14 3 11 1905-1906 13 10 3 1904-1905 12 13 1 1903-3904 12 0 0 1902-3903* 11 18 4 3901-1902* 9 6 4 1900-1901* 8 11 10 1899-1900* 16 14 8 1898-1899* 10 18 0 *Exclusive of New Zealand.