RECORD FOR INDUSTRY

Waikato Times, Volume 121, Issue 20284, 28 August 1937, Page 10

RECORD FOR INDUSTRY

SEASON’S WOOL CHEQUE VNHANOED RETURNB FOR PRODUCT ; The wool cheque for Australia and Zealand combined for 1936-37, •mounted to £75,896,803, a record for the industry, surpassing- the previous high watermark established in 1927-28, of £73,877,862, by the substantial margin of £2,018,941, and exceeding the 1935-36 season's figures by £16,194,775. The figures reveal a recovery from the lowest point of the depression period in 1930-31 of £44,692,471. A pleasing feature of the season’s wonderful results is that they were not In any sense due to “boom” conditions, but to the fact that world consumption overtook supplies and the producer reaped the benefit In enhanced returns for his product. 'Grouping the Commonwealth and -New Zealand returns neutralises to a -large extent the effect of the Japanese attitude towards the Australian sales, because, although this very important section of the modern wool using industry was absent from the Australian sales during half the selling period, they purchased extensively in New Zealand. This is reflected in the remarkable results of the Dominion tales. The New Zealand wool cheque rosC by £5,260,934, from £10,083,297 In 1935-36 to the all-time New Zealand record of £15,344,231 in 1936-37. The previous New Zealand record was away back in the war days of 191819. when £14,755,247 was registered with a total turnover of 627,831 hales, averaging £23 10s per hale, as compared with 686,994 hales, averaging £22 6s 8d in 1936-37. Commonwealth Wool Cheque The Commonwealth wool cheque of £60,552,572 docs not constitute an Australian record, but in the continuous period of four decades in which accurate returns have been compiled and analysed In Dalgety’s Annual Review, it has only been exceeded on ce—ln 1927-28, when £60,873,662 was secured—and It comes within £321,090 of the record figures. This, with Australia’s second largest customer out of the market for six months ( of the selling season, is a most gratifying result. The Commonwealtn cheque compared with the previous ■eason’s turnover of £49,618,731, •hows an increase of £10,933,841, and as oompared with the lowest point of the depression years (1930-31*), the recovery amounts to £32,906,827. The enhanced results were assisted to a slight extent by an increase in the combined Australian and New Zealand turnover of 37.302 bales. The i improved average of £2l Os 4d per i bale, which is the best since 1 928-29, { was, however, the main lever in uplifting the figures, but it was In no sense a “boom” average such as that of £B3 13s lOd in 1924-25. which spelt affluence to those whose wool was sold during a comparatively short period, and disappointment to those whose wools faced the aftermath of a corresponding slump. Benefit to Growers ) ty&fc tA \2n* ywynV the season's Wool realisations lies in) the fact that all growers shared to a j greater or lesser extent )» the rising) values. In most cases those who i were, VhTOYtgYi lores o! compelled to wait lonfirest for their t -wocA. V> Yvft wctc y<&\nkyAy,v\\ tor their patience hy steadily improvingj YT\ee%, live. conYvaYsvllve tew xx\\6\ disposed of their clips to speculatingl buyers, rather than watt for their order

of sale, handed over the profit which should have been theirs to the dealer. To the credit of wool-growers generally, however, it must be said that they supported the market loyally, and were not disappointed in the final results. Following is a comparison of the 1936-37 season 'figures of the Commonwealth and New Zealand wool cheque with those of fhe !93'5-36 season. and averages of three season periods extending back to the prewar days:— £ 1986-37 season's wool cheque 75,896,803 1 935-36 season’s wool Cheque 59,702,023 Average three previous seasons (1933-35) 48,333,581 Average three (depression) seasons (1930-32) 34,491,311 Average three htgrh-priced seasons (1927-29) 69,345,295 Averag-e three post Appraisement seasons .. 37,049,615 Average three Appraisement seasons 58,657,516 Average first three war seasons . . . . . . 32,532,602 Average three pre-war seasons .. .. .. 24,468,089 Plainly she wasn’t used to police courts. Timidly she begged for a separation order. “How long have you been married?” enquired the Magistrate. "Six months! —and tired of it already? What’s the trouble?” She burst Into tears; then she told. Hubby, it, appeared, didn’t love her any more; It. was his pipe he was in love with! He knew how she hated tobacoo smoke. But he didn’t care! “Afraid I can’t grant you a separation order because your husband smokes,” said the Magistrate, adding kindly, “Now you go home and make It up 1 You may he thankful 6ome day your husband does smoke. Get him to change over to “toasted ’’ tobacco. Even you can’t / Q'WyX, Vn WynVV \ m&Yfc W, xwjsfcW, \W bouquet's delicious!'' Tearfully she said she would. Brands there are un- i Fortunately that do not make tor harmony in the home. ‘‘Toasted”! flop.s'i ,Vna Ws so -pme, to toasting- that It cannot harm even fhe / wmvnn swyoVky \ Ns\n. Iwc CaA YXwg !0 (Bulishead), Navy Cut No. 3 (Bull -, dog*), CavetvdVsYv, AVveYhead Gold oy Desert Gold—the only genuine toasted varieties.