PRODUCE & MARKET REPORTS FROM DAY TO DAY

Evening Post, Volume CVII, Issue 100, 2 May 1929, Page 16

PRODUCE & MARKET REPORTS FROM DAY TO DAY

WOOL MONEY

EXCEEDS £11.600.000

RESULTS OF THE SALES

"Evening Post," 2nd May

Although more wool was sold' in New Zealand at the local auctions held between 16th November —when the sales opened in -Welltngton^and 31st March, less money waa received for it. Still the respective gross total distributed among woolgrowcrs (less expenses incidental to production, handling, and selling) amounted to £11,C 03,425, and this was fresh money brought into the Dominion, and the wool was all paid for "prompt," that is to say, fourteen days from the fall of the hammer. The exact figures as compiled by the New Zealand Wool Committee for the season j'.ist closed and for that immediately preceding it were as follow:—

The. average for each of the two years exceeds £12,000,000, all on account of'wool sold ill the country, but not quite all because between 31st March and 15th November .in each year considerable quantities of wool were sold by auction at local centres. The prices as yivcn "above of per bale and per pound o£ wool are Dominion averages. To the Secretary 'of the Wellington Wool Brokers' Association (Mr. AY. D. ■3orham) are to be attributed the returns for the sales held, in Wellington as a centre during the past season, and they relate to v.-ools from the Wairarapa, Southern Hawkes Bay. Manawatu, Wellington City vicinity, and Marlborough and Nelson. The returns are as follow:—

Total bales offered, 121,390; sold 113 C°(i Net weight of wool sold, 40,555.50Ub; gross proceeds, £2,527,717 2s 2d: average price per bale for season, £22 4s lid- average price per lb for season, 14.955 d.' As the above table shows, the gross return in Wellington on account of wool Bold was £2,527,717-. Mr. Gorham has taken out returns of Wellington s.iles for the past three seasons, which show that during lie past three years (not taking into account wool ~ sold locally between April .and October) '" there lias been sold in Wcllingt m at the Pig scheduled ' sales wool realism" over :£7.000,000. The yearly or rather, selling season av-m-age_ of- the gross, proceeds would be £2,----363,076 per season. Jlr. Gorham's return for three past seasons is as follows:

11. Bales 337,711 325,916 '.■ Xefc weight of wool sold. IlG.3oo..wr>lh: gross proceeds, £7,089,220 13s 4d; average price per bale over three seasons, £21 15s .(Hid; average price per lb over three seasons, 14.629 d.

Price Price per bale. fier lb. Bales sold. £ s. tl. Pence. 1027-25.. 514,103 24 5 0 lo.Oli 1028-29.. 535,493- 21 10 llV's 10.59 Die gross total returns for the two clips sold " the Dominion •were as follow:— £ 1927-2S 12.4U5.007 1925-29 11,G03,(!2S Two years' gross sales, .£24,071,515

192a-29. Bales Bales Per bale. Pcrlb. .Sale. Offered. Sold. £ s . <l. Pence November. 7,732 7.621 23 211 1n.833 December. ,20,953 23.(133 23 8 B>,i 10 00.1 .January . 27.133 20.747 23 10 3% w i:« February . 27.042 23,50 121 Sll 14.233 .March .... 33,51)0 31,474 20 ,) 4 13 53C

Season. .1926-2T 1P27-2S 1925-29 Bale?. Hal™. Offered. Sold. pit bah' I'cr lb £ s. il. d. iOS,n2T io:;,nu is r. s"i 12257 no.sss ios,!i7i> in r. ißnil 121,396 113.62G 22 111 M.p.-.s