WOOL RETURNS.

Auckland Star, Volume LXVII, Issue 171, 21 July 1936, Page 4

WOOL RETURNS.

LAST SEASON'S CHEQUE

OVER £10,000,000. A highly satisfactory wool season in 1934-35 is reported in Dalgety and Co.'s annual review, total receipts amounting to £10,083,297 as compared with £4,480,479 the previous season. The review staves that the outstanding feature of the season was the solid and continued demand for all classes offered and the regularity of prices throughout. There was a marked improvement in prices during 1935-30. For fine wools the price generally was well above the cost of production and, in many cases, erossbreds sold at a price that left a small margin of profit to the grower. Sales throughout Xcw Zealand were a record for the quantity disposed of, which included a large quantity of camed-over wool. Realisations in the past eight seasons compare as follow (thousands of bales and £ omitted): — Bales Value, Average sold* £ perlh. (000's). (000's). d. 1925-29 ... 570 12,217 14.9-1929-30 .. . 420 5,131 S.O 1930-31 .. . 445 3,559 5.7 1931-32 .. . 475 3,572 5.3 1932-33 ... 570 4.328 5.2 1933-34 .. . 051 10,452 11.1 1934-35 .. . 480 4,450 0.0 1935-30 ... 757 10,053 9.1 The total production of wool during the 1935-36 season was 717,232 bales (625,240 bales greasy and 91,992 bales slipe), against 702,556 bales (613,756 bales greasy and 88,800 bales slipe) in the 1934-35 season. 111 addition to the amount, 756.833 bales, sold in the Dominion last season, 110,323 bales were shipped for sa'.e overseas. The carry-over of wool at the end of last season is estimated at 49.400 bales, against 180,079 bales at the end of the 1934-35 season.