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FINANCE AND COMMERCE.
"West Australian:" Office,
: Thursday Evening.
The Australasiahs Wbol Industry, 1906-7.
Some of the .more salient features of
the anpual review.issued by.Messrs. Dal
gety and Co., Ltd., in connection with
the Australasian wool industry were
noticed in these columns a day or two
ago. The following summary issued by
the company supplies additional infor
mation of interest:
During the 12 months ending June 30,
1907, the sheep industry of Australasia
has yielded some £40,000,000, of which
wool is responsible for over £30,000,000.
The last wool clip was the largest on. re
cord, amounting to 2,130,000 odd bales.
After allowing for the 40,000 bales used.
by manufacturers in Australia and New
Zealand, there was an exportable sur-,
plus of 2,090,188 bales, an increase of just
over 220,000.-bales as compared with the
previous year. .
Of the total net 'production available
for export from Australia, viz., 1,663,130
bales, no less than. 82 per cent., or
1,355,908 bales, were sold in the markets
of the Commonwealth, which testifies to
the growizig popularity of our local mar
kets. The quantities dealt with in the
various centres were as follows:
Australian Wool Sales. '
1906-7. 1905-6.
Markets. Bales. Bales.
Sydney ...... 708,263 630,728
Melbourne .. .. 342,549 274,673
Geelong...... 102,321 ' 92,506
Adelaide .. .. 105,925 85,691
Brisbane .. .. 79,727 54,681
Tasmania .. .. 18,279 19,873
. Australia .. .. 1,357,064 1,158,152
. Increase, 198,912 Bales.
From the following table giving the
Australasian sales and values during the
past nine sears, it will be seen that the
average .value of a bale of wool during,
the year under review has been £14' 3s.
11d., the highest since the boom year of
1899-1900 :
Australasian Sales and Values.
Gross Value. Average
Season. Bales. per bale.
S-. £s. d.
1906-7 . . 1,537,798 21,835,131 14 3 11
1905-6 . . 1,354,865 18,804,012 ,13 10- 3.
1904-5 . . 1,092,651 13,825,269 12 13 1
1903-4 . . 837,497 10,046,656 12 0 0
°1902-3 . . 739,338 - 8,810,840 11 18 4
01901-2 . 934,660 8,708,587 9 6 4
1900-1 . . 718,677 6,176,083 8 11 10
1899-0 . 8 607,031 ' 13,503,591 '1614. 8
"189,9 . . 799,379 8,730,525 10 18 6
-Exclusive of New Zealand.
The year under review is referred to
as the most prosperous in the history.of
Australia, for concurrently with a re
cord wool clip a very ,high all round
average of values has been maintained.
The flocks continue to increase in.a grati
fying manner, notwithstanding that close
on 16,000,000 head have been slaughtered
for local consumption and export. . The
latest returns are as follows:
Australasian Sheep Returns.
1906. 1905.
New South Wales . 44,132,421 391494,207
Victoria .. .. 12,937,440 11,455,115
Queensland ...... 1,886,438 12,535,231
South Australia .. 6,700,000 6,524,300
West Australia .. 3,200,000 3,140,360
Tasmania .. .... 1,583,560 1,556,460
Australia..... .. 83,439,859 74,705,673
New Zealand .. .. 20,108,471 19,130,875
Australasia .. .. 103,348,330 93,836,548
The leading selling brokers in Australasia
durind the year 1906 were as follow:
Dalgety and Co., Ltd., 264,389 bales; N.Z.
Loan and M.A. Co., Ltd., 181,479 bales;
Goldsbrough, Mort and Co., Ltd.; 132,076
bales; W?nchcombe,.Carson and Co., Ltd.,
94,548 bales; Australian Mortgage, Land,
and Finance Co., Ltd., 84,012 bales; Har
rison, Jones and Devlin, Ltd., 80,344
bales; John Bridge and Co., Ltd., 74,283
bales; Pastoral Finance Association.
Ltd., 66,829 bales; Australian Estates and
Mortgage Co., Ltd., 45,071 bales; Pitt,
Son and Badgery, Ltd., 43,304 bales; Co
op. Wool" and Produce Co., Ltd., 42,166
bales; Younghusband, Row and Co.,
Propy., Ltd., 42,115 bales.
.During the past 12 months there has
been a strong demand for wool of all
grades, and prices did not fluctuate to
any great extent. The principal rea
sons given for, this satisfactory state of
affairs are that the world's output of
wool has not increased of late years in
proportion to the population and spend
ing power of the people.
The company were particularly fortu
nate in forecasting the course of events
for the past year, and it is therefore all
the more pleasing to note that they again
take 'an optimistic view of the future.
Australasia. generally speaking,, is en
joying a good season, the coming clip is
expected to be a little .larger than the
past one and as trade continues to be
abnormally good it will meet a market
unhampered by any accumulation of
stocks. All things considered, it is
thought that prices will again be on a
very satisfactory level for most wools,
but as fashion is decidedly favouring the
finer sorts the coarser grades of cross
bred are not likely to realise such ex
tremely high prices as they did last sea
METIROPOLITAN CHAFF AND GRAIN
MARKET.
Twenty trucs of chaff were forward
for sale yesterday moriing, f.a.q. lots
again bringing £3 los. The following
sales were effected:--Truck No. 6156,
Nogogering, £2 17s. 6d.; 3856, Yarramony,
£3 10s.; 2536, do., £3 7s. 6d.; 6112, do.,
£3 10s.; 5320, Jenneoubbine, £3; 6115,
do., £2 17sf 6d.; 6660, Grass Valley, .43
5s.; 4925, Edward's Crossing, £2; 6590,
do., £2; 5418, Chitibin, £3 5s.; 6706, do,
£3 5s.; 6555, do., £3 21. 6d.; 4952, Yarra
mony, .a ls.; osuo, uo .aj sus.; n
Grass Valley, £3 7s. 6d.; D143, Newcastle
(wheat), 3s. G6d. The following trucks
were passed in at the undermentioned
prices:--Truck No. 6559, Dumberning,
£2 15s.; 5477, Popanying, no offer; '2736,
Edward's Crossing, £1 15s.; 4302, Chiti
bin, £3; 4282, Grass Valley, £3.
MELBOURNE PRODUCE MARKET.
Melbourne, July 18.
Wheat, 3s. 10d.; oats. 2s. 5d. to 2s. 7d.;
maize, 2s. 9d. to 2s. 11d.s chhef, £3 2s. 6d.
to £3 10s.; potatoes, £1 17s. 6d. to £2;
onions, £2 10s. to £3 5s.; bran, pollard,
and flour unaltered.
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