INCREASED RETURNS

Evening Post, Volume CXXIII, Issue 48, 26 February 1937, Page 12

INCREASED RETURNS

AUSTRALIAN WOOL

The National Council of Wool Selling Brokers of Australia announces that in the first seven months of the 1936-37 wool season (to the end of January) 1,763,110 bales of wool were sold, and the amount realised was £35,530,176, compared with 1,816,467 bales sold for £31,581,442 in the corresponding period of the previous season. Of the wool sold, 1,701,452 bales were greasy wool, and the average price realised was 15.92 d per lb, or £20 Is 7d a bale, compared with 13.76 d per lb and £17 6s 3d a bale for the first seven months of the 1935-36 season. The average price realised for the 61,658 bales of scoured wool sold was 23.11 d per lb, or £22 2s 9d a bale, compared with 20.41 d per lb and £18 14s lid a bale last season. In January the average price realised for greasy wool was 19.43 d per lb or £23 13s lOd a bale, compared with 15.36 d per lb and £18 las 5d a bale in January, 1936. For the six States receipts and disposals of wool from July 1 to January 31 compare as follows:Bales. Bales. Receipts ...... 2,428,675 2,439,608 Sold ....... 1693 069 1,761,620 Shipped '. 20,130 12,937 In store ....... 715,476 665 051 The 1936-37 receipts included 2 368,216 bales first-hand wools. Receipts in 1935-36 included 21,387 bales of that season's wool and 4148 bales 1934-35 wool destroyed by fire.