WOOL CLIP

Evening Star, Issue 23563, 30 April 1940, Page 4

WOOL CLIP

RETURNS St.SZS.IM Tf MSTRICT BATMFAITHY AVUAK FMNKI FIRST AFPMIML KAHN ENN Cheques for wdef toW under the fourth and final appraisal In this district having new Men paldeut, it is revealed that the returns fw 1 the ssasert ameuntte At«S2s,M9 Ne lOd, about £N,«H in encase tf lest year’s total, when 2S,Nf wiere bales were offered far tele.

The pronounced decree*# in quantity offered it due to two reeMne at leant* . one of which it that the winter of last year caused hetvy theep wtit*. -■ The , second is that, at no one ctetre offer* a better market under th*. .appraisal system, a good deal of wool Otago and Eastern Southland which normally comet on the Dunedin market was sold at Oamaru and Invercargill; Had thia quantity reached . Dunedin the final returns would have beea the highest obtained in the district for a number of years. At it it, growers have no reaeon ta regret the introduction of appraisement sellings, for the' averages realised reflect how they have benefited. For this year 77,956 bales were sold for £1,323,000 Os lOd, earning growers £l6 19t Id a bale, and. 12.44 a a lb. Lash year 101,002 bales sold for £1,292,164. the averages being £lB 13s and 9Jdj while in 1938 92,800 bales grossed £l,-' 364,669, which avereged £l4 15s and lOfd. This year’s average* would have been even slightly higher had not the general quality of: the wool offered been effected by . the adverts winter. Figure! for the fourth epprutnl held on April 9 -were:—Bales offered, 16,306; total proceeds, £968,991 3s lid; average a lb, 12.13 d: average e bale, £lO 9s lOd, For the corresponding sale last year the fignree were: Bales sold, 23,594; total proceeds, £281,299 14s 4d; average a 16, 8.8 d; average* bale, £ll 18s sd. All aspects the 1939-40 , season, the first in which the wartime appraisal operated, has been decidedly advantageous to growers, and, only the weather conditions of last June, July, and August prevented the advantage being greater than it was. Stock this year is entering the.winter in better state than last year, end providing there ire no repetitions of lest year’s successive storms; next season’* wool should be it t conditio* which will result in the full benefit of the ap. , praisal price being realised, while • - larger quantity of wool should further improve the situation.