THE WOOL CHEQUE

Dominion, Volume 32, Issue 105, 27 January 1939, Page 8

THE WOOL CHEQUE

January Realizations In Wellington TOTAL OF £393,418 A Good Clearance The wool cheque lor the second Wellington sale of this season, held on January 9, totalled £393,418, as compared with £404,506 foi the corresponding sales of last year and £-746,007 for that of January, 1937. The official returns for last mouth’s sale compiled by the Wellington Wool Brokers’ Association, are as follows :—’

Bales offered -UaO Bales sold Bales passed _ Net weight sold (lb.) 9,792,83, Gross proceeds .... £393,418/5/1 Average price a bale £l4/15/9 Average price a lb. 9.642 d. At the January sale last year 28,377 bales were offered, of which 24,709 bales wereasold, the nef weight of the wool sold being 8,989,6601 b. The total gross proceeds were £404,536, the average price a bale being £l6/7/5 and the average price a lb., 10.8 d. At the January sale in 1937, a total of 30,724 bales was offered, of which 30,699 bales were sold and 25 bales passed in. The total gross proceeds were £746,007, an average of £24/6/- a bale, or 16.313 d. a lb The two sales held in Wellington so fnr this season have realized a total of £742,941, compared with £688,163 for the December-January sales of last season, £1,396,670 for those of 1936-37, £725,501 for 1935-36 and £33,601 Tor 1934-35. The gross proceeds of the wool sold at the January sales at Wellington for the last six years compare us follows:

The average price a bale aud a lb. of the wool sold at the January sales for the last six years compare as follows:

'Pho average price of the wool sold in. Wellington last month is above the average price for New Zealand for the last ten years by 32/5 a bale and .442(1. a lb. The following table gives the New Zealand average prices for the last ten

January. 1934 „ 1935 1936 673,222 221,293 395,858 , 1937 746,007 , 1938 404,536 1939 393,418

Balo. Lb. d. £ S. (1. January, J 1'34 , 1935 .. 20 .. 9 14 8i n 13.333 0.355 „ 1936 .. 13 z 35 8.716 1937 .. 24 0 0 10.313 1938 .. 10 Y n 10.80 „ 1939 .. 14 15 9 9.042

seasons: — N.Z. Average Price. Bale. Lb. £ 8. (1. <1. .1028-29 21 4 6 14.8S 1020-30 12 1 0 8.55 1030-31 7 10 10 5.67 1031-32 7 10 4 5.26 1032-33 10 3 5.15 1033-34 16 1 3 11.07 1034-35 9 7 0 6.54 1035-3(1 13 6 5 9.13 1030-37 22 6 8 15.71 1037-38 14 6 0 10.04 Average for 16 9.20 years 13 3 4