WOOL CHEQUE.
WEALTH FOR NEW ZEALAND.
TREND OF VALUES,
If the prices realised at Napier are maintained, as apparently they will be, New Zealand's wool cheque this year should amount to about 10,000.000 New Zealand pounds. Prices on Saturday at Napier were about 25 per cent greater than those at the first Napier nale of this season, and the increased demand for the coarser wools indicates that the present demand is for all grades. This year's Dominion offering should be about 000,000 bales, for which an average price of juet over £17 per bale is now being obtained, as compared with £7 10/3 last season. Up to the present, about 1C7,000 bales have been sold this season, realising £2,722,010, whereas at the corresponding sales last year a total of 148,380 bake realised "£1,017,146. Some of the wool sold this season is as much as four years old, but now that most of this carry-over is disposed of, the offering should improve and prices rise.
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Bibliographic details
Auckland Star, Volume LXV, Issue 6, 8 January 1934, Page 3
Word Count
164WOOL CHEQUE. Auckland Star, Volume LXV, Issue 6, 8 January 1934, Page 3
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