THE WOOL POSITION.

King Country Chronicle, Volume V, Issue 354, 22 April 1911, Page 5

THE WOOL POSITION.

J A GRATIFYING FORECAST. I The brisk wool market which has ' been in force at the Sydney sales I during the past week speaks volumes j for the soundness of European trade i at the present time, and reveals very clearly the absence of a valid reason j for the weakness in the early part of the New Y r ear, writes "Dalgety's Weekly Review." As month after month goes past it is more than ever evident that the English writers' estimates of the current clip were most unjustifiable, more especially as they were given the true position from this side, which they would neither believe nor heed. Their forcasts being now totally discredited, it is to be ] hoped that the London authorities | will in future confine their writings '■ on wool subjects to matters in re- | spect to which they can obtain reli- ' able information, and leave the Aus- : tralian news to those at this end i who are in a position to supply j reliable details. j The Australian and New Zealand shipments of wool from July Ist last ■ to March 31st, compared with those I for the corresponding period in the j previous season, compiled, as usual, j by Dalgety and Company, Limited, j are as follows : State 1910-11 1909-10 ! Bales Bales New South Wales 830.994 836,121 Victoria 438,311 487,420 South Australia 171,892 159,062 Queensland 197,132 185,348 West Australia 70,485 60,500 Tasmania 10,518 17,198 Commonwealth 1,782,632 1,745,640 New Zealand 422,461 447,168

Australasia 2.205,093 2,192,808 It will be startling news to some of the English authorities to learn that the increase in exports is now down to 12,285 bales, with no prospect of any material alteration taking place during the remaining three months of the season, as againt their confident assertions that there would be an excess in Australian exports alone of 200,000 bales. The greatest surprises are in the case of Queensland, Victoria, and New Zealand, although the present position may be a little altered in the case of the former, owing to the likelihood of much of the wool which has been delayed in transit by the rains, being available shortly. There is, however, very little prospect of the Victoria and New Zealand figures showing much change, and a heavy decrease from the latter seems probable. With so strong a statistical position a good market is expected to prevail during the next few months, and growers who have wool to realise during that period can be safely assured of a brisk demand for it at a satisfactory range of values.