The wool situation


Material Information

The wool situation
Uniform Title:
Wool situation (1937)
Physical Description:
64 no. : ; 28 cm.
United States -- Bureau of Agricultural Economics
Bureau of Agricultural Economics, U.S. Dept. of Agriculture
Place of Publication:
Publication Date:


Subjects / Keywords:
Wool industry -- Statistics -- Periodicals -- United States   ( lcsh )
serial   ( sobekcm )
federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )


Statement of Responsibility:
United States Department of Agriculture, Bureau of Agricultural Economics.
Dates or Sequential Designation:
WOOL-1 (Jan. 1937)-Wool-64 (Apr. 1942).
Numbering Peculiarities:
No. 1 called new series.
General Note:
Title from caption.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 02269655
lcc - HD9894 .Un33
System ID:

Related Items

Preceded by:
World wool prospects
Succeeded by:
Livestock situation
Succeeded by:
Livestock and wool situation

This item is only available as the following downloads:

Full Text

Bureau of Agricultural Econoiics

WOOL-2 February 1937


Su_. r.Aary

Because of the limited supplies of domestic wool n-~lw on hand and

the relatively strong market abroad, prices of spot wools in the domestic

market are.expected to remain near present levels for the next few months.

Supplies of wool in foreign countries probably will continue

orlatively small at least until the Southern Hemisphere clip becor.-.s avail-

able in the early fall, Deuand conditions for wool abroad also are expected

to continue favorable in the next 6 r.onths.

Prices of spot domestic wools at Boston are now considered to be at

a 'prer.iu:. over prices of foreign wools and over prices for pro-shearing

contracts for similar wools from the new clip. Although some readjustment in

these price relationships probably will occur when the now domestic clip

becoeics available, this readjustnent should not materially affect farm

prices of wool.

Stocks of apparel wool held by dealers -.nd manufacturers in the

United States on December 31 totaled 128,134,000 pounds, scoured basis.

This represents an increase of 10 percent as compared with a year earlier.

The increase w".s entirely in stocks of foreign wool, since stocks of

dor.ostic wool reported on Deccobor 31 were 10 percent sr..ller than a year

earlier. V OF FL LIB


WOOL-2 -2-

Consumption of apparel wool by United States mills showed a further

sharp increase in December which was contrary to the usual treni for that

month. After adjustment for usual seasonal changes, the rate of consumption

in December was the highest reported for any month since January 1920.

Consumption for the reporting year 1936 was only 8.4 percent smaller than

the unusually high consumption in 1935. Mill activity is expected to continue

at a relatively high level for the next few months.


Sales and Prices

Continued sales of domestic wool, limited spot supplies, and rising
prices in foreign wool markets resulted in further advances in prices of
domestic wool on the Boston market in the early part of January. The decline
in prices in London and Australia in the latter part of January checked the
rise in the domestic market to some extent, but scattered price advances were
reported at Boston to the end of the month. Contracting for the 1937 wool
clip continues in the Western States and a good portion of such contracts
are reported to have been turned over to the mills.

Fine Ohio delaine spot wool advanced to 45-46 cents in the grease, or
up to $1.15 a pound, scoured basis, on the Boston market in January.
Staple combing one-half blood Ohio fleeces sold at 48-50 cents in the grease
(.108-$1.12 scoured basis) and combing three-eighths blood and one quarter
blood brought 52-54 cents in the grease. Prices of spot territory wools
continued to advance in January but the rise was based on relatively small
sales. Staple combing fine graded territory wool sold at $1.13-$1.15
scoured basis and similar one-half blood wools at $1.10-$1.14. Prices of
combing three-eights blood advanced to $1.02-$1.03 scoured basis and one
quarter blood to 92-93 cents. (See table 1)

The prices quoted for spot domestic wools at Boston in January were
considered to be above the import cost of similar foreign wools. The
Boston Office of this Bureau reports that the current premium, which is
based on the scarcity of spot domestic wool, is fairly well illustrated by
the difference between spot prices of original bag fine territory wools in
Boston and contract prices for similar wools which have been offered and
sold in Boston for delivery from the 1937 clip. In January spot original bag
wools sold at $1.05-$1.12 scoured basis depending upon length of staple.
Pre-shearing contracts for similar wools were turned over to mills at prices
which will average about $.98-$1.05 scoured basis.

L,'.C L-2

Quotations on spot Australian super wools advanced 1-2 cents a pound,
scoured basis, in the Boston market in January. Prices of shorter combing
Australian merinos declined slightly, reflecting increased spot supplies and
declines in prices in the foreign market. Medium and low grade South
Amorican and New Zealand wools sold at prices which wore 2-3 cents a pound,
grease basis, higher than in December. Receipts of apparel class foreign
wools at Boston were very heavy during January but a considerable quantity
of the wool had been sold before arrival.

Sales of tops of domestic wool were small in January. Because of the
scarcity of spot domestic wools, tops of foreign wool were sold at prices
below the prices for similar grade domestic wool tops, and spot domestic
wool tops coiu.anded a premium over tops offered for delivery next sunm:er when
the new, clip wools will be available.

Stocks Held by Dealers and Manufacturers

Stocks of apparel wool held by United States dealers a.nd manufacturers
reporting to the Bureau of the Census on Deccmber 31, 1936, were 128,134,000
pounds, scoured basis, compared with 126,846,000 pounds reported on September
26 and.116,299,000 pounds on December 31, 1935. The increase in stocks on
December 31 as co:.pared with the earlier periods resulted entirely from
larger holdings of foreign wool. Only 77,912,000 pounds of domestic wool
were reported on December 31 compared with 86,333,000 pounds in December 1935.
Stocks of foreign wool reported on Decoember 31, 1936, f .o-nted to
50,222,000 pounds of which about 25,000,,000 pounds were afloat frou foreign
markets. Stocks of foreign wool re orted a year earlier were 29,916,000
pounds. (See table 2).

Dealers' stocks of apparel wool on December 31 were 20 percent smaller
than on September 26 but were slightly larger than in December 1935. However,
dealers' stocks on December 3, 1936 contained a larger quantity of wool sold
but not delivered (over 40 percent of the total) than was the case a year
earlier. Manufacturers' stocks on December 31 were the largest reported
since September 1935, when manufacturing activity was rt its former peak.
The stocks of apparel wool reported on December 31 were equivalent to
204,692,000 pounds of shorn wool, greasy shorn basis, and 39,536,000 pounds
of pulled wool, greasy pulled basis. The stocks reported on December 31,1935,
were equivalent to 196,042,000 pounds of shorn wool, greasy shorn basis, and
38,491,000 pounds of pulled wool, greasy pulled basis. In addition, the
Bureau estimates that there were 1,800,000 pounds of domestic Ehorn wool on
ranches and farms and in local country warehouses in the 13 Western Sheep
States on December 31, 1936, and 4,500,000 pounds on Decei:ber 31, 1935.

Stocks of carpet wool at the end of 1936 were about the same as a
year earlier but were slightly larger than on September 26.

Wool JTp orts

As a result of the small spot supplies and high prices of domestic wools,
United States imports of a;.p.i.rel wool for consumption showed a further
increase to 12,362,000 pounds in December co..parod with 10,372,000 pounds in
November and with 6,950,000 pounds in Docer.;ber 1935- Imports of such wool


'."COL-2 -4-

for the entire year 1936 were 110,712,000 pounds cornpared with 41,984,000
pounds in 1935. The above figures for both years include wools not finer
than 40s, I:ports of carpet wool amounted to 143,276,000 pounds in 1936
compared with 158,477,000 pounds in 1935.

Table 3 shows general imports of apparel wool into the principal
ports of the United States in 1936 by country of origin and by broad quality
groups. These statistics on "general iroorts" include wool entered for
storage in bonded warehouses as well as airports for i....cdiate consumption.
They should not be confused with the regularly published figures on "imports
for consumption" which refer to imports for iniediate consumption plus
withdrawals froi. bonded warehouses for consumption. Australia was the most
important source of apparel wool imports in 1936, followed by Uruguay and
Argentina. Of the total ir.ports of 99,000,000 pounds, about 72,000,000 pounds
or 72 percent were received during the first 6 months of 1936.

Mili Consumption

Consu..ption of apparel wool by United States mills showed a further
sharp increase in December which was contrary to the usual trend for that
month. The weekly average rate'of consumption in Decem-.ber was the highest
since October 1935. After adjustnont for usual seasonal change, the rate
of consumption in Dec.j.iber was the highest reported for any -.:onth since
January 1920.

The weekly aver-.go consumption of apparel wool by domestic ;ills in
December was 6,987,000 pounds,scoured basis, cop:.pred with 6,005,000 pounds
in November and with 5,543,000 pounds in December 1935. Consum.tion of
apparel wool for the year 1936 was 273,000,000 pounds, scoured basis, a
decline of only 8.4 percent co with the unusually high consu..ption
in 1935. The 1976 consumption of apparel wool was equivalent to 496,735,000
pounds of shorn wool, grcr..y shorn basis and 79,237,0C pounds of pulled
wool, greasy pulled basis, compared with 566,976,000 pounds cf shorn wool
and 92,344,000 pounds of pulled wool consu.-..d in 1935.


Wool Sales and Prices

London auctions The first series of 1937 wool sales at London
opened on January 12. Prices of :.ost merino wools at the openingwere 5 to
10 percent higher than at the close of-the final 1936 series on Dece:_ber 2
and prices of crossbred wools were generally 10 to 15 percent high.-r than in
Decen:ber. English and continental buyers bought freely in the first week of
the sales bI-t bitrling was less active as the sales progressed. Opening prices
were not r.a::nt.ilod after the first week of the sales :t-.d when the series
closed on j11r.u.iry 27 prices of mcrinb wools and of greasy fine crossbreds wert
only slightly higher than at the close of the Dccecmber series. Prices of
znost crossbrud wools, however, were still 10 to 15 percent higher than in
December, laubs' wool slipes were 15 percent higher and sheeps' wool slipes
were 20 percent higher. (See table 1 for quotations on specified grades.)

7/ 0 L-2

Only a small quantity of New Zealand crossbred wool was available for
the January series. Offerings frou New Zealand were about 23,600 bales
co:..pared with 79,000 bales of Australian wool in a total offering of about
106,700 bales. Purchases during the series were distributed as follows:
England, 47,000 bales; continental Europe, 45,500 bales, and Arierica 2,000
bales. About 11,500 bales were held over. The next series of London wool
sales will open M-rch 2.

Southern Hncisphere sales The second half of the Southern Hemisphere
selling season opened after the holidays under very favorable conditions.
The resumption of Japanese buying in the Australian market at the beginning of
January (Japan did not buy in Australia during the first half of the selling
season because of a disagreement over trade restrictions) resulted in large
sales and higher prices at Australian selling centers in the first half of
the month, and higher prices also were obtained in other Southern Heioisphere
Markets. During the second half of January, however, prices in Australia were
sorcvwhat irregular and slightly lower as a result of curtailed buying by the
United States and Japan. The decline in Japanese purch -ses was believed to
be due to the unsettled political conditions in that country and was expected
to be only temporary.

The average price of all greasy wool sold at Australian selling centers
in December was 28 cents a pound ( current rate of exchange) compared with
27.2 cents in Iicvember and 23.4 cents in December 1935. For the third week
in January the average price of greasy wool at the Sydney sales was 31.1 cents
a pound. (See table 1 for other averages.)

Prices at the Wellington sale in New Zealand on January 11 were reported
to be about 10 percent higher than at the previous sale at that center on
December 9. England and United States were the principal buyers. United
States purchases of ca-rpet wool in New Zealand during the presentSart0oeported
to be greater than for so:.o years past.

The wool market in Argentina in Decomber was large-ly under the
influence of dcvolop.Lxnts n-r-t- exchange narkot in that country. A decline
in wool prices in Argentine currency was reported following an adjustment in
the buying rate for wool export bills on December 10. Prices advanced however,
in the latter part of December and in January, as a result of increased demand.

The Buenos Aires Branch of the First national Bank of Boston on
December 28 reported the exchange situation in Argentina briefly as follows:
On Decembet 2 the Central Bank (of Argentina) ceased to peg exchange in the
free market and the rate for the pound sterling declined from the former rate
of 17.60 pesos to 17.10 pesos, other currencies following suit. On December
10 the official selling rate for sterling exchange was changed from 17 to 16.
The buying rate of 15 pesos to the pound re.:ained unaltered. The special
rate of 16.15 established for the purchase of wool bills was abolished,
consequently the rate of 15 is now applied to all exports in the official market

The change from the special rate of 16.15 on wool to the official rate
of 15.00 represented a decline of over 7 percent from the previous export rate,
and meant that local prices would have to drop 7 percent in order to keep
their former relation with foreign prices if foreign prices remained unchanged.


Apparent Supplies of Wool in Southern Hemisphere

As the 1936-37 season advances it becomes increasingly evident that
the quantity of wool which will become available in the Southern Hemisphere
during the remainder of tne season is smaller than it was a year ago and
also somewhat smaller than the average for the preceding 5 seasons. It is
estimated as of January 1, 1937, that apparent supplies 1/ of wool in the
five principal wool producing countries of the Southern Hemisphere were at
least 4 percent smaller than at the same date of 1936 when they were about
the same as the average for the years 1931-35.

Wool Movement at Selling Centers of the Southern Hemisphere

Receipts of wool at selling centers in the five principal Southern
Hemisphere countries up to January 1 of the 1936-37 season amounted to
1,050,000,000 pounds, an increase of 3 percent above the quantity received
in the same period of the 1935-36 season and 2 percent above the average
quantity received in the same period of the 5 seasons 1930-31 to 1934-35.
All countries showed larger receipts, ranging from a 1 percent increase in
Australia to a 1C percent increase in Uruguay, the latter in the first
quarter of the new season from October 1 to December 31.

Although statistics of wool disposals at selling centers are not as
complete as those of receipts and exports, it is possible to snow roughly
the relationship between disposals and receipts for the first part of the
1936-37 season. In the Union of South Africa and New Zealand the percentage
which disposals represent of receipts for the first half of the 1936-37
season has been materially above the samje period a year ago and also much
above the average for the same period of the seasons 1930-31 to 1934-35.
It also seems probable that there was a considerable quantity of wool sold
but not yet exported in the Union of South Africa and New Zealand on
December 31, 1936, as reports of sales at auction showed substantial in-
creases which were not apparent in exports.

In Australia, while the percentage which disposals represent of
receipts at selling centers for the first half of the current season is
below that of a year ago it is above the preceding 5-year average for the
first time during the season.

Stocks of unsold wool at selling centers in Australia, the Union
of South Afric7, r.nd at Central Produce Market near Buenos Aires on
December 31 are reported at 324,OOC,0'C pounds, an increase of 3 percent
above the same period of 1935. Including unofficial estimates for New
Zealand and Uruguay,, stocks at selling centers in the five Southern Hemisphere
countries on december 31, 1936, are estimated at approximately 40,00C0,000
pounds, a reduction of 9 percent compared with the same date of 1935, 29
percent below the same date of 1934, and 16 percent below the December 31
average for the 5 years 193.-34.

1/ Carry-over plus production minus exports from beginning of season to
December 31. No deduction made for relatively small quantities consumed
locally nor for wool sold but not yet exported.

- 6 -


Exports from Southern Hemisphere Countries

The outstanding feature of the current wool export season in the
Southern Hemisphere up to December 31 is the increase in shipments above
the same period of the past 2 seasons, notwithstanding smaller potential
supplies for the season as a whole. Especially interesting is the increase
in shipments from South American countries during the first quarter of the
new season, that is, from October 1 to December 31. Materially larger
shipments to the United States from South American countries have occurred
so far this season, and a large increase in shipments to the United Kingdom
from Argentina and Australia was reported. Smaller supplies have been
shipped directly to Japan from the Southern Hemisphere so far this season,
the increase in shipments from the Union of South Africa, Argentina, and
Uruguay not as yet offsetting the decrease from Australia.

Exports of wool from the five principal countries of the Southern
Hemisphere for the season up to January 1, 1937, amounted to 735,000,000
pounds, according to preliminary estimates, an increase of 7 percent above
the saine period of the preceding season and also a small increase of 1
percent above the average for the same period of the 5 years 1931-35. The
wool export season begins on July 1 in Australia, New Zealand and the
Union of South Africa, and October 1 in Argentina and Uruguay.

Exports of wool from Argentina during the first quarter of the new
season up to December 31 amounted to 80,000,000 pounds, which was 34,000,000
pounds or 72 percent larger than in the same period of 1935. Shipments to
Japan amounted to 11,000,000 pounds whereas last season during the s3me
period they were practically nil and in the same period of 1934 amounted to
only 234,000 pounds. Exports from Argentina to the United Kingdom so far
this season have been double those for the same period a year ago and there
has been an increase of 34 percent to the United States and Canada princi-
pally to the United States. Exports t6 the United States amounted to
19,306,000 pounds for the quarter ended December 31, an increase of 34 per-
cent above the same period of 1935 and almost three times as large as the
average for the same period of the 4 years 1931 to 1934.

Uruiguay has exported 40,000,000 pounds in the first quarter of the
1936-37 season, an increase of 9,000,000 pounds, or 29 percent. The largest
increase in shipment from Uruguay has been to Japan, the quantity amounting
to 11,000,000 pounds, the same as that shipped from Argentina, compared
with only 400,000 pounds sent to that country a year ago.

Exports up to December 31 from the three countries, Australia, New
Zealand, and the Union of South Africa, by countries of destination, are
not as yet available. Statistics from July 1 to November 30 show an increase
in shipments from these three countries of 10,000,000 pounds or'2 percent
compared with a year ago.

Notwithstanding the increases in shipments to Japan from Argentina,
Urujuay, and the Union of South Africa, shipments to that country from all
the Southern Hemisphere countries so far this season, up to December 31,
totaled only about 54,000,000 pounds and were 36 percent smaller than in the
same period a year ago. Direct shipments from Australia to Japan during the
period July 1 to November 30 show a reduction to only 300,000 pounds from
82,000,000 pounds for the same period of 1935.

- 7 -


Supplies in Trnpoertin.7 Countries

A seasonal increase in stocks :f raw wool in impcrtirg cunrtries
was indicated at the rnd of Lecenber, but there is no evidence cf an accumula-
tion of stocks of raw wool or semi-nanufactures in those countries.

Stocks of wool tops at commission combers in German;, France and
Belglum at the end of Eecenrber were 27,000,000 pounds. Such stocks were
3 percent lar ;er than a month earlier but were 25 percent smaller than a
year earlier and werp little more than half as large as the average stocks
reported on thet date in the 5 vyers 1930-1'934. All countries reported an
increase in stocks of.merinr tops in.December as compared with the previous
month, but an increase in crossbred stocks in German and BelgCan combing
establishments was offset by a decline in such stocks at combing establish-
ments in Fren-:e.

Stocks of raw wool in reorting warehouses in JapFn at the r.d bf
November were 29,700,000 pounds compared with 37,7'0 ,000 pounds a mnnth
earlier and 37,C 0 ',OC pounds a year earlier, accordi.I: to "lWool Intelligence
"7rtes", nZl 1:', quoti n reports of the Tokyo Chamber of C&"onmerce and Industry.
This is the lowest level of stocks reported for recent years. The stocks in
October and -o-vember 19 7:.ere for 143 warehouses while those for 19"5 were
for 110 warehouses. These warehouses include the total number of warehouses
reportire all .poods and do not all necessarily store wcol. Since Japan has
toucht heavily at the Scuthern Hemisphere sales in the last few months, sta-
tistics on stocks in Japan probably will show an increase for the early
months of 1937.

The unusually hirh consumption of wool by the English manufacturing
industry in the last few years has not been entirely reflected in English
purchases in rroducinr7 centers. In the 3 :, 1924-192E it -'as estimated
(unofficially) that mill c)nsum-.:,tion had drawn on accumulated stocks to the
extent of about -.D3,0OO,"*0 pounds. Such figures indicate that in ccr.ipari-
son ;iith earlier years stocks in the United ::in-d:,i are now small in relation
tr the i~ :h level of activity which is being maintained. It wruld a;;ear
that a building up of stocks of raw materials mizht be expected in place
of the liquidation 'jlicy followed in the last few :,ears. In view f these
ernditions it is likely that the 'r.ited T:ir;gdom will continue to buy heavily
in the primary markets so long as the present high level of manufacturing
activity is maintained.

Till Consu'ntion and I:r.Afucturin:.S A tivity in Tmrnrting Countries

Conditions in the -.'ol textile industries of most vool imp-rting
countries were relatively satisfactory at the end of 197;, ncti-:ithstanding
the difficulty of obtir:l;inl raw material supplies in a few countries. The
imrprr -ved conditions in the wocl industries of most countries apparently are
based on a general irrov.-r..ert in economic conditions and en the increased
rearmament :r:. reins in some forei,-r countries. :ni this basis, the outlookk
for mill -rotivity 'r.,ears favorable for the early part of 1937 at least.


The -ercenta -e of insured workers in the woolen and worsted industry
of trie United Kingdon reported by the British Ministry of Labour as unemployed
on December 12, 1936, was 6.4 coi.:-.ared with 6.7 percentt on :Tov3..iber 23 and
7.9 percent on December 16, 1935. A slight increase in activity was reported
in December in almost all sections of the industry. Consiumntion of imported
wool by the British textile industry in the final quarter of 1936 *;as un-
officially estimated to be about 4 percent s. thlller than in the same months of
1935, which ap-"ears to be due to the lower activity in the worsted section.
E21.loyment in the woolen section in the final.quarter of 1936 was so.:eowhat
greater than a year earlier. Consiumption for;the entire year 1936 was reported
to be about 5 percent larger than in 1935.

The increased activity in the United Kin. dol in 1936 as comTrred with
1935 was mainly due to home requirements. Export trade in to's and yarns in
1936 was slightly smaller than in 1935 but erxorts of tissues showed an in-
crease of 7 -percent as the result of increased shipments of woolenn tissues.

i.ill activity in the Gernan wool textile industry has been fairly well
maintained d despite the shortage of raw wool supplies. The present level of
activity, however, is made possible larg'el by increased use of substitute
fibers. lure wool fabrics are being -roduced only in limited quantity. While
imr-orts of raw wool and semi manufactures shored a further reduction in 1936,
exports of yarns and tissues were 70 percent lar,-er than in 1335 and an
export b-lsnce was reported in both -roducts.

lill conditions in France and Belgium were reported to be satisfactory
in December with no indicattionof slackening in activity.

An im-rovev.,nt in mill activity is re-orted in It'ly as a result of
increased sales of cloth nnd yarn for export. Since imnorts of r- material-
into Italy have been largely de-oendent upon the ex-ort business in manu-
factured goods, larger im-orts of raw vool have been possible in recent months.

Production of wool textiles, including murslins, in Jvapn in the first
9 months of 1936 was about 92,000,000 yards, P decline of 15 percent as com-
pared with the corresponding period of 1935, according to statistics -ublished
in the Oriental Economist. Official data on exports of wool fabrics (including
wool and cotton mixtures) for the first 10 months of 1-35 show an increase of
7,500,000 square yards, or 32 percent as compared with the same months of 1935.

- 9 -

WcO1L-2 1 -

Table 1.- rool prices per pourni in spe-ified markets, selected periods

Market and

Terr. combing scoured basis
6 es, 70s, 80s (fine) ......
,6o (3/8 blood' .......... .
4bs, (Lo-' 1/4 blood', ......
Farm price (l1th of month)
Grease basis ..............
London: 1/
Av. quality :1-an cost- 2/
7c .....................
h S. .......................

Pradford: U/
Scoured basis
L4, "aarp ..................
,: .i, na r i ..................
Avera e rrice at all selling
-enters- l/
Greac y wool ...............
S--dney(:elivered Bradforrl) /
Clean basis
7"'' -aru .................
Union of South Africa:
.\verage export price-
Greasy rool ...............
Price at selling nters I/
Cl n-,n cost ex-Tara-iouse-
7 5 arn .................
BEuenos Airei market-
Buenoc Aires, ani
Southeast Lri'easy coarse
cros-bred 1/ .............
Ur uM.may:
i'iont e deli market t-
Fine- c-ro sbr.-d, greasy,
r J-.-...S to ...3 ;. ........

:Averaec :A
: 1I9$5 :

S 7 .8

: 51 .

average: Dec.
193S : 1935
Cents Cents

92.0 S4.2
80.4 74.5
65.9 60,.5

19.4 q/26.7




29? 7
29i 7

: Nov.
: 19W6

99. D

: Fec.
: 1-36

106. g

23.3 27.2 30.1 31.3



L 3/

35 .1




23.4 27.2 28.0

S3. l5. 2 67.4

2. 23. 7 24.8

54. S 6. 4 69.4

12.1 20.2 21.3

l-'.6C 37.4 38.3

For-i Ln pri- c have been converted at r.r-vailin- rats of exchange.
1/. Averagre of quotations f.,r e-' Hi series of london sales as reriorted by the
London offi:- cf tne Bureau of A ricult.iral E:onomics. For months -hen no
sales -"-re- neld, fi.rires are interpolations of nearest actual prices.
2,; Top and noil in oil.
3/' or at ions rF-T,'rted about thet: 254t. of the montn by' the London office of the
Bureau of A.-ricultural E.-onomics. 4/ National Council of Wool Selling Brokers.
/ ool Record aniA T-xtile 7World, Bradfor b/ Soutn Africa Ministry for
Agriculture. 7/ Monthl averar-e of ".e.:kl" ranre quoted in Revista Quincenal
de Precios published ty Salate:'ry, Bercetche & Cia.. B.A. 8/ Average of max-
imum and minimum prices for last cf month. Furnished by American Consul A.W.
i; rin. 9/ Preliminary.

: 1937


64. 5



- 11 -

Table 2.- Stocks of raw wool, top, and noil, held by dealers, topmakers
and manufacturers in the United States, scoured basis,
December 31, 1936, with comparisons

: 1935
:Dec. 31 I/

.j 1936

Se-t. 26

A-parel wool, total ..........
Dealers ...................
Domestic .................
Foreign on hand .........:
Foreign afloat .........
Manufacturers & topmakers :
Domestic .................:
Foreign on hand .........
Foreign afloat ..........
Carpet wool, total ..........:
Dealers .................
Manufacturers ...........
Tons ........................
Noils ........................






Co.m iled from Bureau of the Census Quarterly Wool Stock Report, Decenber 31,
1936. The statistics are believed to include more than 97 -ercent of the total
stocks held by and afloat to all dealers (including commission houses, pullers,
and cooTeratives), toniakers, and manufacturers in the United States on the
dates specified. !J Revised.

Table 3.- General imports of unmanufactured a-,?arel wool by origin and
grade, into principal ports 1936 1/
: Not : : : Finer
Country of origin : finer : 44s : 46s-56s : than : Total
:than 40s : :: 56s :
:1,000 1,000 1,000 1,000 1,000
: ounds pounds pounds ;'ounds pounds

Argentina ................ 10,768 489 3,710 1,340 16,307
Australia .................: 321 58 2,863 26,033 29,275
Canada ..................: 78 366 2,391 793 3,628
Great Britain and Ireland : 1,024 331 3,361 85 4,801
Hew Zealand ...............: 5,862 2,381 6,559 370 15,172
South Africa .............: --- --- 400 3,674 4,074
Uru-auay ...................: 1,688 4,282 12,370 5,018 23,058
All other ................: 1,424 42 921 323 2,710
Total ..................: 21,165 7,649 32,575 37,636 99,025
Comroiled by the Boston Office of the Bureau of Agricultural Economics.
Fi-ures are based on importers' declarations and are subject to revision.
These statistics on "general imports" include wool entered for stora-e in
bonded warehouses as well as imports for inmcdinte consunrtion. They should
not be confused with the regularly published figures on "im':,orts for consump-
tion" --hich refer to imports for immediate consum'-ition rlus withdr.avals from
bonded warehouses for consumption.
VI Boston, New York, Thiladel-hia, sub-ports of Massachusetts, and other New
England Torts.


Dec. 31

- T---~ --~-


WOOL-2 12 -
Table 4.-
Wool exports (grease and scoured combined) from Argentina and Uruguay to
rrin-ipal consuming countries, first quarter ne- season,
DOto'er 1-December 31, 1935 and 1936

ictoLer 2 December 11
Countries of
destination Argent ina Urugay Total
S_ 136 : 1935 : 5 : 135 1936G
:Million Million Million million iin /Million Million
: po mns rTounds rounds rpo.unds pou-ands pouLnds

United Kingdom ........
Germany ...............
France ................
Italy .................
Belgium ...............
Netherlands ...........
Japan .................
United States .........
Canada ................
Total ...............
Other countries .......
Grand total .........




C,. 5

7b. 1

7 1

30. 1




5. g
22. 1



Compiled from reports furnished by American Agricultaral Attache, Paul 0. Nyhus.
1/ iot reported separately if any,, included with theire r countries".

Table 5.-
`ool exports (grease an:d -co.lre. -o.mbined), from Australia, Union of South
Africa, and l:-T Zealand, to Trirnipal ,cons.uming countries, first 5
months ne- 6-ason, Jul-r 1 to :Io'.:emb-r 3-, 193:1 with comparisons

Countries of

: _July 1 :Iovember 37'_
i: : raanion cf : !e-, To
..lstralia Total
:So__: South Africa : Zeaa-.nd
..: 13 13_ : 1935 _: __193_6 1935. : :l 193T) : 1936
:lIiliion i.illion Million Million Million I.lillion Million Million

United Kingdom ..
Option continent
Gerrmany ..........
France ..........
Italy ...........
Belgium .........
Japan ...........
United States ...
Canada ..........
Total .........
Other countries .
Grant total ...
Compiled from the

: ".."'. p.d s
I 115. '


: 2. ,


1 .'~
: 32.5

fo: oin

J o.'-- -


o S

1 .8


in 3s



_L 3.8___

sourcs.-E for vario

Agr. Attache,C. C. Taylor; Australia and ner-

,ounds rounds op. unLIs pounds pounds
'.9 27.0 23.5 162. 191.9
I- 1.5 i/ 1.j
5.9 2/ 2] 20. 23.4
1.8 0.5 '.~4 52.8 55.1
3.2 2/ 2/ 2.2 11,5
7.2 1.,: 0.1 51.5 63.1
2j 2/ 6/ 1:.0 6.2
2S.3 3/ "".5 3/ 3.2 84.2 31.8
'.6 4.'' 3.9 8.? 20.3
2/ 1. .8 2.3 2.9
7 4. 34.4 395.7 407.7
2.7 2. 1.b 22.9 20.9.
13 37_. s_ 36.C 41 .6 428.6
us countriess: Union of South Africa,
Zealand, Wool Intelligence 'Iotes.

I/ Less than 2.CO,C'OO runs. _/ .:ot r rorted separately if any, included with
"Other countries". 3/ In adi.ition, 2,2",0C00 pounds -ere shipped to Australia in
this period of 193-- '.. and 1, i., ,( pcun's in 1936-37 probably for trans-ship-
ment to Jaran.



S19.0 ,

- 13 -

Table 6.-Wool movement in primary markets, season to December 31,
aver-ge 1930-34, annual 1935 and 1936

: Period : Average
:"___ : .1930-34
: : Mil. lbs.


Mil. lbs.

: 1936

Mil. lbs.

Australia / ............:July
New Zealand 2/ 3/ .......: "
Union of South Africa ...: "
Argentina 4/ ............:0ct.
U rugu'Ly ..... ......... :
Total 5 countries ....:

1Tew clip wool 1/ ......:July
Old clip wool 7/ ...... :
New Zealand .............: "
Union of South Africa 9/.: "
Argentina 4/ ............:Oct.
Uruiguay ............. ... .
Total 3 countries .....:

New clip wool ......... :
Old clip wool .........:
Iew Zealand ............:
Union of South Africa,
unsold ............:
Argentina 4/ ............:





. 31

Receipts at Selling Centers
718.1 713.1 717.3
45.1 59.3 62.4
148.9 139.1 148.5
48.8 36.1 38.1
5/ 69.1 76.1 83.8
S1,030.0 1,023.7 1,050.1
Disposals at Selling Centers

( _8I

'7r iri

( 6/



* 7. ( ------
: 527.4 593.2 605.4
Stocks at Selling Centers

( 311.3 ( 283.6 ( 298.6
( 4.3 ( 2.0 ( 1.3

39.0 15.6 14.6
10.8 13.7 9.6
r' "

g-> V y 0 ................ 60 :2 1..--- ---
Total 3 countries ....: : 365.4 314.9 324.1
: : Exports
Australia 1I/ ...........July 1-Dec.31: 457.0 438.7 454.2
New Zealand 10/ .........: 55.6 63.7 57.3
Union of South Africa ...: : 112.2 105.6 103.4
Argentina ...............:Oct. 1-Dec.31: 66.4 46.4 79.9
UruguL ay ........ ........: "I : 35.1 30.9 40.0
Total 5 countries .....: : 726.3 684.4 734.8
Compiled from cabled reports from Agricultural Representatives abroad
and reliable commerical sources. Later data, if any, may be found in the text.
Season begins July 1 in Australia, New Zealand, and the Union of South Africa,
and October 1 in Argentina and Uruguay. The statistics in this table have not
been converted to a grease equivalent because details are not always available
1/ Wool of season designated only. 2/ Offerings at selling centers.
3/ Converted from dr.ta published in bales in Wool Intelligence :otes. Converted
to pounds by using Dalgety and Company estimates of average weight per bale.
4/ At Central Produce Market near Buenos Aires where between one-fourth and one-
third of Argentine clip is marketed; adjusted to monthly basis for season
beginning October 1 from weekly reports for season beginning July 1.
5/ Three-year average. 6/ Includes 6,531,000 pounds destroyed by fire.
7/ Carried over from preceding season. 8/ Four-year average 1931-34. 9/ Sales
at public auctions only. 10/ Estimates of Dalgety and Companr.






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