ONE MILLION MORE

Dominion, Volume 29, Issue 182, 30 April 1936, Page 10

ONE MILLION MORE

Wellington’s Wool Cheque THIS SEASON’S TOTAL £1,825,592 For Five Sales The wool cheque for the fifth and final Wellington sale of the 1935-36 season, held on April 6, amounted to £324,973, bringing the total gross proceeds for the five sales up to £1,825,592, compared with £812,202 for the 1934-35 season, and £1,923,838 for the 1933-34 season. It will be seen that Wellington’s sales this year have returned over £1,000,000 in excess of last season’s figure. Official returns compiled by the'Wellington Wool Brokers’ Association show that the April sale was a very successful one, 28,191 bales being offered and 26,056 bales sold, compared with only 9758 bales offered and 9193 sold at the April sale last year. The return for this month’s sale is as follows :— Bales offered 28,191 Bales sold 26,056 Bales passed 2,13 a Net weight sold (lb.) •• • „ Gross proceeds £324,972/16/8 Average per bale £l2/9/5 Average per lb 8.3124. The gross proceeds of the five sales held at Wellington this season compare as follow with those of the corresponding sales of 1933-34 and 1934-35:

A remarkable feature of this year’s sales is the fact that the proceeds of every auction exceeded £300,000. showing "the steadiness of the market on the large offerings. The following table compares the average prices per bale for the five Wellington sales of the last three seasons : —•

The following table compares the average prices per pound for the five Wellington sales of the last three seasons :—

The quantities of wool offered and sold at. the five Wellington sales this season have been as fellow: —

1933-34 1934-35 1936-36 £ £ £ Dec. . . 415,596 112.308 329.643 Jan. . . 637,222 221,293 395,858 Feb. . 412.001 219,32? 393.092 Mar. . . 325.241 166,943 382.026 Apr. . . 133,778 92,331 324,973 Totals £1,923,838 £812,202 £1,825.592

1933-34. 1934-35. 1 £ .935-36. s. d. £ s. d. £ 6. d. Dec. 14 4 Of 8 17 0 12 12 01 Jan. 20 5 Si 9 14 li 13 2 Feb. 15 8 3 9 2 9 13 6 10 Mar. 13 17 1 8 11 9 13 13 7 Apr. 11 0 Of 10 0 10i 12 9 a

1933-34 (1. 1934-35 <1. . 1935-36 (1. Dec. ... 9.452 5.983 8.339 Jan. ... 13,333 6.355 8.716 Feb. ... 10.204 6.188 8.769 Mar. ... 9.253 5.717 8.864 Apr. ... 7.692 6.557 8.312

Offered Sold Passed Bales. Bales. Bales. Dec .. 30,434 26,157 4,277 Jan .. 31,080 30,182 898 Feb ,. 30,620 29,465 1.155 liar ,. 28,751 .. 28,191 27,924 827 Apr 26,056 2,135 Totals . . 149,076 139,784 9,292