WOOL CHEQUES

Dominion, Volume 27, Issue 73, 19 December 1933, Page 8

WOOL CHEQUES

Christmas Box for Growers BIG INCREASE SHOWN North Island Pay-out “Prompt date” for the first Wellington wool sale of this season, held on December 7, is on Thursday when settlement will be made by the buyers. Although the official figures will not be available for some time yet, it is authoritatively stated that the Wellington Decmber wool cheque will be approximately £385,580 for a total of 27,250 bales sold, compared with £144,401 for 23,304 bales sold at the December sale last year, an increase of £241,580, or over 16.7 per cent. The average price of the wool sold on December 7 will work out at approximately £l4/3/- a bale, or 9.57 d a lb., compared with £6/3/11 a bale or 4.098 d a lb. for the corresponding sale of last year. As was announced from Auckland last week, the gross realisation of the 23,000 odd bales sold at the first sale there on November 27 was £310,824, compared with . £132,118 for 23,547 bales sold at the corresponding sale last year. Napier’s first sale on December 1 resulted in over 22,000 bales being sold for approximately £323.000, compared with £120,848 for 19,470 bales a year ago.

The average price per bale this year works out at £l3/10/- for Auckland, £l4/10/- for Napier, and £l4/3/- for Wellington. Thus, for the three wool sales already held in the North Island this season the 72,500 odd bales sold have realised over £1 million, compared with slightly over £397,000 for 66,300 bales sold during the corresponding period of last season. The gross value of the whole of the wool sold in the Dominion during the year ended June 30, 1933, was £4,327,692; so that the first three sales, in the North Island alone this season have already realised one-quar-ter of that amount. TIMARU DISTRIBUTION Average Per Bale £lB/2/By Telegraph.—Press Association. Timaru, December 18. As a result of the wool sale at Timaru on Saturday, £193,111 will be available for distribution on “prompt” day, December 30. The average per bale worked out at £lB/2/-, compared with £7/17/4 for the first sale last season when 9432 bales were sold for £74,698. The clearance at the sale on Saturday was 10,674 bales. The increase on last season was 130 per cent.