DECLINE IN WOOL

Sun (Auckland), Volume IV, Issue 1026, 17 July 1930, Page 13

DECLINE IN WOOL

NEW ZEALAND EXPORTS DECREASE HOME MARKET CONDITIONS A decline of more than 140,000 bales in the wool sold in New Zealand during the year ended June 30, in comparison with the amount cleared in the previous year, is shown in a report prepared by Dalgety and Company. Ltd. The offering in 1928-29 was 612,289 bales, with a clearance of 572,681; the offering in 1929-30 was 505,634 bales, and the number sold was 423,645. Thj,; offerings and the clearances at the selling centres were;

There was a decrease of 131,654 in the number of bales exported, the total being 561,840. The heaviest exports in the past year have been: Wellington, 108,200 bales; Christchurch, 89,271; Napier and Waikokopu, 88,302; Dunedin, 65,270; Auckland and Opua, 53,093; Timaru, 39,517; Wanganui, 37.834; Invercargill. 33,621; Gisborne and Tokomaru Bay, 32,683.

A report on markets in the United Kingdom to the Bank of New Zealand, dated June 9, stated that, since the close of the March auctions, business in Yorkshire had been considerably upset by the textile strike. Though spinners and manufacturers had kept operating to an extent, most of the combing establishments had been closed. This resulted in a scarcity of spot tops and, supported by advices of strong markets overseas, prices gradually tended upward.

Reports from Continental centres had been encouraging and the anticipation that values would open on a somewhat higher basis at the series had been realised. There was good competition between United Kingdom and Continental buyers for an excel - lent selection of New Zealand greasy crossbreds at the Ma.y series, but prices for New Zealand halfbreds were rather disappointing, being not more than five per cent, above March closing rates. COUNTRY STOCK SALES Reporting on sales held during the past week at Warkworth, Pukekohe, Westfield, and Waiuku, and a clearing auction at Glenbrook, the New Zealand Loan and Mercantile Agency Co., Ltd., states that values generally were little changed from those of the previous week. At Mr. A. Wright’s clearing scale at Glenbrook, dairy cows realised up to £l9 ss. The quotations included: Choice dairy cows and heifers, £ls to £l9 ss; good dairy cows and heifers, £lO 10s to £l4 10s; others, £6 15s to £lO ss; bulls, to £lO 10s: store and boner cows, £2 10s to £5 12s 6d; yearling to 15-month heifers, £3 15s to £6 12s 6d; yearling to 15-month steers, £4 10s to £5 10s; 2 to 2£ and 3 to 3year steers, £5 15s to £8 17s 6dgrown steers. £9 to £3O ss. At sales held by Alfred Buckland and Sons. Limited, at Westfield, Tuakau, Tahekeroa, Ilelensville and Turua. and at three clearing sales, all classes of cattle sold at ruling values. Best dairy cows realised £l4 to £l9 ss. and best springing heifers. £l2 to £l6. Sound young herd bulls made £ 4 4s to £8 Ss, and heavy bulls. £ 4 to £5 ss. With the exception of dairy cattle, there was no improvement in the demand at sales held by Dalgetv and Company, Limited. at Kirikopurri. Waikiekie, Maungakaramea, Kamo. Helensville. Ohaupo, Matiere and Otorohanga. There were average yardings of all classes of stock. High values were realised under keen competition for good springing cows and heifers. Best dairy cows and heifers brought £ls to £l7 15s, and good quality, £l2 5s to £ls.

1929 -30. 1928 ;-29. Offered. Sold. Offered . Sold Invercargill . 37,532 28,677 37,592 35, IS 7 Dunedin . . 76,670 69,372 90,784 86,800 Timaru . . . 31,180 28,017 37,372 34,252 Christchurch. 72,155 66,701 82,418 78,397 Blenheim . . 59 43 146 97 Wellington . 99,396 80,395 125,573 119,505Wanganui . . 52,562 39,028 69,894 61,845 Napier . . . . 79,277 66,075 108,962 102,112 Gisborne . . 1,519 1,255 2,607 2,141 Auckland . . 55,294 44,082 53,941 52.345 * 505,634 423,645 612,289 572,681