THE WOOL CHEQUE

Dominion, Volume 31, Issue 105, 28 January 1938, Page 10

THE WOOL CHEQUE

January Realisations At Wellington BIG DECREASE SHOWN Official Compilation Of Results The wool cheque for the second Wellington sale of this season, held on January 10, totalled £404,536/4/4, which is over £3-10,000 below the return from the January sale of the 1936-37 season, but higher than that of the 1935-36 season January sale. The official results of this month's sale, compiled by the Wellington Wool Brokers’ Association, are as follows: — Bales offered 28,377 Bales sold Bales- passed in 3,668 Sold to local mills (bales) 954 Net weight sold (lb.) .... 8,989,660 Gross proceeds£4o4,s36/7/a Average price per. bale ~. £l6/7/5 Average per lb 10.8 d. At the January sale last year 30,724 bales were offered, of which 30,699 bales were sold, and 25 bales passed in. The total gross realisation was £746,007 9/11, the average price per bale £24 6/-, and the average per lb. 16.313 d. The two sales held in Wellington so far this season have realised a total of £688,463, compared with £1,396.670 for the December-January sales of last season, £725,501 for the 1935-36 season and £333,601 for the 1934-35 season. The gross proceeds (shillings and pence omitted) of the wool sold at the January sales at Wellington for the last five years compare as follows:— £

The average price per bale and per pound of the wool sold at the January sales at Wellington for the last five years compare as follows:—

The average price per bale for the December sale this season was £l5 7/10, and the average per lb. 10.434 d., the comparatively low realisation of £283,926/13/2 being largely due to the smallness of the offering, 20,244 bales, and the quantity sold, 18,445 bales. The average price per pound for the two Wellington sales this season is sd. above the average prices realised at New Zealand wool sales for the ten seasons prior to the current one, which are given >in Dalgety’s Wool Review as follows:—

January, 1938 ... ■ „ 1937 ... ... 404,536 ... 746,007 „ 1936 ..: ... 395.858 „ 1935 ... ... 221,293 „ 1934 ... ... 673,222

Per bale. Per lb. (1. £ s. (1. January, 1938 ...16 7 <J 10.8 1937 ...24 6 0 16.313 „ 1936 ...13 2 3'2 8.716 „ 1935 ... 9 14 1* 6.355 1934 ... 20 5 Si 13.333

Average Per bale. Average Per lb. <1. £ s. <1. 1927-28 23 18 4 16.67 1928-29 21 4 6 14.88 1929-30 12 •1 0 8.55 1930-31 7 19 10 5.67 1931-32 7 10 4 5.26 1932-33 7 10 3 5.15 1933-34 16 1 3 11.07 ’ 1934-35 9 Y 0 ' 6.54 1935-36 13 6 0 9.13 1936-37 22 6 8 ■ 15.71 Average for 10 years .,. 14 2 6 9.86