Untitled

Evening Post, Volume CXVII, Issue 62, 14 March 1934, Page 12

United Press Association—By Electric Telegraph—Copyright. (Received March 14, 10.30 a.m.) LONDON, March 13." Total catalogues offered at the London wool sales today were 10.336 bales, including 3758 New Zealand. Of this 5826 bales were cold. The market was active with well-distributed competition. Prices were maintained at a firm level. New Zealand: Greasy merinos, "Dumgree," made 22d per lb highest and 21 5-8 d average. "IMPROVED^ TONE" The Bank of New Zealand, produce department, has received the following" advice from its London office under date March 13:— "The wool sales show an improved, toue with tendency in sellers' favour." AMERICAN DEMAND. The national recovery effort in the United States increased wool consumption decidedly during 1933. The quantity used was estimated to be 548,000,0001b greasy. Of that quantity 01 per cent, was domestic grown. Towards the close of the year the quantity used decreased but was still above the figures of the similar mouths of 1932. The United States has j imported large weights of South American j erossbreds and British-grown wool has jbeen bought 'extensively in Great Britain. i Exports of wool and manufactures from Bradford district to the States in 1033 were valued at £1,620,303, English currency, compared with £863,435 for 1932. GERMAN BUYING. The volume of wool bought by Germany of late has shown remarkable expansion. Trade has shown much greater life in that quarter. That development is shown by the fact that though wool imports into the country have increased, the stocks of washed wool at the principal German scouring establishments were 30 per cent, less at the end of December than at the close of the previous August. The quantity of merino tops on hand ;n German centres at the close of December was 50 per cent, below the total eight months before, and the holding of erossbreds was 20 per cont. lower. The improved consumption which has proceeded has .not been due to expansion iui export sales, but has been caused by increased internal -business. The brighter trade has been noticeable since the exI isting Government came into power with the disappearance of the strife and lack |of confidence which had previously been ! noticeable in the country. AUSTRALIAN AVERAGES. The following tabulation, covering the average prices at per lb realised in the Commonwealth to the end of February, has been compiled by the National Council of the Wool Selling Brokers of Australia:— ' > ,