"PROMPT" DAY
LOCAL JANUARY CHEQUE
MUCH LESS THAN LAST YEAR
Today is "prompt" day for the wool sale held here on January 10, the day on which growers are \ paid for the wool which changed hands at the sale. The official figures are not yet available but the gross cheque should be above the amount realised on the local December sale, although, .. of course, well down*-on the January, sale a; year ago when the gross cheque- approached '£750,000. . . ■ • ; ; The>'return 10 vie growers from the December sale was just short of £284,000, compared with.£6sl,ooo the previous -year. In December 20,244 bales- were offered and 19*445 sold. At the Sale a fortnight ago the offering was 28,444 bales but the passings were relatively heavier, being considered to be 25 per cent, or more. With prices firm on the December sale to the extent of about id per lb, it would not be surprising to find that today's cheque exceeded the pay-out in December. , The wide discrepancy between today's cheque and that for the corresponding sale of last year is accounted for not only by the fall in prices (amounting Jo round about 40 per cent.), but also by the large decline in the quantity sold. In January, 1937, 30,724 bales were offered and all but 25 of them were sold.
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Bibliographic details
Evening Post, Volume CXXV, Issue 19, 24 January 1938, Page 12
Word Count
218"PROMPT" DAY Evening Post, Volume CXXV, Issue 19, 24 January 1938, Page 12
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