WOOL PURCHASES

Hawke's Bay Herald-Tribune, Issue 178, 14 August 1937, Page 19

WOOL PURCHASES

European Buying Declines The increase in the quantity of wool shipped to the United Kingdom, Jnpan -and the United States in the 1936-27 season is a featqre of the Totaras shown in Dalgety and Company'a annual wool review. The United Kingdom remains New Zealand 's best woolbuyer with a moderate increase, but in comparison with the previous season nearly double the quantities were sent to the East and to the United States and Canada, Equally marked was the all-round decline in purchases by European countries. The destination of wool purchases for the past two seasons is compared in the following table: —

Wellington was the largest selling .centre for the season with an offering of 125, 430 bales. Napier, with 112,434 b^iies,, was nest, followed by Dunedin (104,481 bales), Christchurch (100,858 bales) and Auckland (79,785 bales). The total wool sold was 686,994 bales, which reajised £15,344,231, an average of £22 6/8 a male. This compared with 756,833 Lales sold in Ihe previous sfeason for £10,083,297, at an average of £13 6/5 a bale. The wool on hand at June 30 was 15,200 bales, largely crutchings and oddments, which have sinee been sold. The previous' season's carry-over was 49,400 bales, against 186,679 bales at the end of the 1934-35 season,

1936-37 1935-36 ' t "D si I no United Kingdom .... 245,626 219,949 japan China, India.. 122,769 71,500 Prance 74,547 146,585 Germany and Austria 26,330 55,328 Belgium and Holland 23,997 42,386 U.S.A. and Canada .. 114,513 62,485 Italy and Switzerland 270 100 .Russia, Norway, Sweden 3,220 2,214 Poland and Czechoslovakia 8,957 14,984 Spain and Denmark. 1,677 1,176 Local manufacturers . 24,294 25,355 Local scourers 25,807 38,343 Australia 14,987 26,793