THE WOOL TRADE.

Wairarapa Times-Age, 1 April 1938, Page 4

THE WOOL TRADE.

DESTINATION OF SHIPMENTS NEW ZEALAND’S CURRENT CLIP Less wool was offered and sold in New Zealand during the first six months of the current season, compared with the same period of the previous season. Offerings totalled 160,448 bales, a reduction of 10 per cent on those of the first half of the previous season, probably due to the small quantity of wool carried over.. The number of bales sold fell by 22 per cent to 138,214 bales, indicating the early tendency to hold stocks against the possibiliy of a rise in the market.

The quantity of wool exported during the first six months of the 1937-38 season showed a reduction when compared with exports during the same portion of the previous season, shipments aggregating 132,052 bales against 142,853 in the previous period. The value of the exports during July-Dec-ember, 1937, however, rose by £319,648 to £2,763,504. Countries which bought more than 1000 bales of New Zealand wool during the first half of the present season together with purchases over the same period last season, are:—

The figures are notable for the marked increases in shipments to Belgium, France, Germany and Australia. Important decreases occurred in exports to Britain, Japan and the United States, the principal importers of wool from the Dominion.

(July-Dec.) 1937 bales (July-Dec.) 1936 bales Britain .... 83,706 98,817 Canada .... 4,301 7,494 Australia .... 6,341 4,363 Belgium .... 2,825 321 France .... 6,601 2,201 Germany .... 6,125 381 Sweden .... 1,838 1,096 Japan .... 10,620 14,244 U.S.A. .... 7,997 12,207 The value in New Zealand money represented by the purchases is:— 1937 1936 (July-Dec.) (July-Dec.) £ £ Britain .... 1,775,778 1,704,921 Canada .... 104,791 134,932 Australia .... 105,061 55,742 Belgium 51,288 4,412 France 139,002 34,191 Sweden 34,341 22,255 Germany .... 112,784 7,177 Japan .... 225,174 246,565 U.S.A. 186,674 200,344