PRODUCE & MARKET REPORTS FROM DAY TO DAY

Evening Post, Volume CXXVIII, Issue 26, 31 July 1939, Page 12

PRODUCE & MARKET REPORTS FROM DAY TO DAY

THE WOOL YEAR STEADY VALUES LIGHT GARRY-OVER A GENERAL SURVEY "Evening Post," July 31. Although the average price of wool sold in New Zealand for the "wool year" ended June 30, 1939, was nearly :ld a lb less than for 1937-38, yet values 'were steady, although the markel tended easier at the close. Dalgety and Co., Ltd., in their statistics for the year just closed, remark that as tc Wellington, crossbred wools, "constituting by far the greater proportion oi the New Zealand clip," showed little variation on the previous year's prices but halfbreds and merinos, of which only a small quantity is offered in Wellington, were considerably lower/ Growers, however, met the market freely, and the wisdom of this policy, it is remarked, was confirmed as the season advanced. One. highly satisfactory result oi meeting the market is that the carryover of greasy wool into 1939-40 will be light, -Dalgety's estimate being under 29,000 bales. Of this wool, 17,361 bales are in brokers' stores and 11,507 in clients' sheds. Sales in New Zealand for the year in review were 717.144 bales greasy and: 3508 scoured and sliped; a total oi 720,202 bales. This wool realised £9,386,375 7s Bd, averaging £13 0s 8d a bale of 3411b, or 9.l7d'a lb. The greasy wool realised £9,344,662 16s 6d, the scoured and slipe £41,712 lis 2d. Of~ the wool disposed of, 97.79 per cent, was crossbred and all strong wool and 2.21 per cent, merino. Fleece \vool accounted for 695,707 bales, or 96.60 per cent, and lambs 24,495 bales, or 3.40 per cent. Distribution of wool sold for the year was as follows:— Bales. United Kingdom 316,817 France ". . 147,444 Japan, China, India 3,714 Germany 20,221 Belgium and Holland 37.233 United States and Canada .'. 48,600 . Egypt and Mediterranean .. 7,323 Russia, Norway, Sweden, and Denmark 19,462 Poland and Czecho-Slovakia 6,782 Australia and Tasmania ... 34,300 N.Z. manufacturers 27,800 Local scourers 22,500 Total bales 720,202 SOME TOP PRICES. Record prices for wool sold in New Zealand for the season just closed included the following:— i^ erinJ?u fl?Sce^"Puketoi'" 18<*; Pieces 12_d and bellies 9|d. Fine halfbred fleece, "Hayland," 163 d. pieces 14|d. l ' tt Coarse halfbred fleece, "TB" over "Waihi," 14-ld, fine crossbred fleece i.*_a. wS S&H& lialfbred fle^e, "Cowan Hal, 15_d. Halfbred bellies, "Belmont," and "A.W.8." over "Motunoa," both 9|d urMedium crossbred fleece, "ACK" TT," and "Pakaraka," each MM. ' Coarse crossbred fleece; "WLN," 15gd '•K^RK,"TS|d bred fleece ' "AJI" over Crossbred pieces, "OKAHU," Hid. _r,S r"^l bli? d bs lies< "Te Awaputahi" and Challenge" over "2FFF," both 8?d Southdown lambs, "Kaiwarra," 113 d" fl VI »ssbo r, ed lambs ' "TAS °ver Fairfield, 13_d. ( ...... Total production of wool in New Zealand for 1938-39 season was 803,831 bales greasy wool, and i 17,290 bales sliped and scoured, in all 921,121 Dales. Wool sold amounted to 720,202 Sfe *P£^ i*' 001 held ov6r amounted to 28,865 bales; scoured 1592. and slipe wools 15,141, making, a total carry-over 45,601 of all wools. Wool sold and prices realised at various centres were as follows:— Coil;--.' ' Average cl rS' Xo--of l'« bale. V. ca*™- Bales. • & s d AuAland 56;617 12 17 G rhnstrhurcli 10 2,705 12 11 0 Dunedm ............ 103,046 12 15 1 -Jnvercargill 50,730 12 Gil leaner ' 121.568 13 2 0 liraaru 47,733 12 15 4 'wE£ Ul •■••■ — ••• 12 19 10 -Wellington ........... i 2 7,403 i_ 31 • , S£. el at Bl£?„ heim wer e 94 bales and .at.Gisborne 3921 bales. The total sales •being 720,202 bales.SEASONS COMPARED. Dalgety's have compiled a comparison o± Dommion sales results for the sea- , sons' 1937-38 and 1938-39 as follows:— ■-~„,__ -~-•' .1937-38. 1938-39. . (529,671 720,202 wcignt lb -....215,765,55(3 245,613,182 Weight per bale, lb .. 343 *"•<"«*»«- Gross proceeds ....... ©9,027,905. £9,386,375 Average per bale .... £14 6s 9tl £13 0s 8d .Average per lb 10.04 d 9.17 d , Increases for 1938-39, bales 90 531----"^ti^A^^' 29,847,626; gross value! £358,470. Decreases, value per bale £1 6s Id; value per lb, .87d; weight per bale, 21b. Highest and lowest average prices per bale and lb received in the New Zealand sales for the period between 1928----29 and 1938-39 are shown as follows:— Per lb. Per bale. Highest (1936-37) ...... 15.71 22 6 8 .Lowest (1932-33) ...... 5.15 710 3 WELLINGTON SALES. ' Steadiness in values characterised the Wellington selling season, and the market although easier at the end of the season showed little variation on the previous year's prices, but halfbreds and merinos were considerably lower. - Wellington's sales results for 1937-38 and 1938-39 compared as follows:— 1938. 1939. . .- ■ ■ ' Per lb. Per lb. '■■■'■ d. <L December 10.43 10.127 January 10.8 9.642 February 9.41 9.287 "•roh ................. 10.1 9.317 ~>U 9.56 5.713 The clip marketed in Wellington last season was generally well grown, sound, and bulkier than in the previous season; especially for wool grown in the Wairarapa district, where conditions were ideal throughout the growing, season. In .the Manawatu . and Rangitikei districts the wool varied little from the previous season and the same could be said of wool from Nelson and Marlborough. Bradford was "the mainstay of the market." French buyers were particularly active at the beginning of the '; season. American buyers took the •"-.: bulk of the strong quality preparing .wools ..of good style. Canada bought .consistently of good style crossbreds. Buying on Japanese account was very restricted. Germany bought more extensively than in the previous season and keenly competed for soft handling carding wools and skirtings.. Local mills evidently had stocks of wool on hand from the previous year as they gave little support throughout the season. Australian buyers were active at all sales and lifted a record quantity.