WOOL SALES

Greymouth Evening Star, 19 December 1933, Page 8

WOOL SALES

OVER A MILLION REALISED. [PEB PRESS ASSOCIATION.] WELLINGTON, December 18. At the three wool sales already held in the North Island this season, 72,500 odd bales -have been sold, and have realised over £1,000,000, as compared with slightly over £397,000 for 66,300 bales sold during the corresponding period last season. The gross value of the w’hole of the wool sold in the Dominion during the year ended June 30, 1933, was £4,327,692, so that the first three sales in the North Island alone this season have already realised one-quarter of that amount. TIMARU PROCEEDS. TIMARU, December 18. As a result of the wool sale at Timaru on Saturday, £193,111 will be available for distribution at the prompt date of December 30. The average per bale worked out at £lB 2/-, compared with £7 17/4 for the first sale last season, when 9,432 bales were sold for £74,698. The clearance at the sale on Saturday was 10,674 bales. The increase on last season was 130 per cent. DUNEDIN CATALOGUE. DUNEDIN, December 18. Some 29,000 bales are scheduled for the first Dunedin wool sale on Wednesday, and a realisation of £500,000 is expected. It is stated that the quality will be the best so far auctioned. The percentage of finer wools is higher than usual for a first sale, owing to the fine weather experienced in the earlier shearing operations. AUSTRALIAN MARKETING. SYDNEY, December 18. The Australian system of wool marketing is menaced, according to a well informed contributor to the “Sydney Morning Herald,” who declares that there has been a. remarkable growth of the selling of wool on the station or the farm. He estimates that four times more wool is this year being sold in the country districts by private treaty than last season, a large percentage of it comprising the best wools, which is shipped direct to the mills abroad. He also estimated that a considerable proportion of the wool sold in this manner was obtained at from twopence to fourpence per lb. below the current auction values. The correspondent contends that this sort of thing is bound to force down the levels at auction, and eventually to lead to chaos.

LONDON WOOL SALES. LONDON, December 18. At the wool sales. 10,459 bales were offered, including 3864 from New Zealand; about 8716 bales were sold. There was good Home and Continental competition for finer sorts for which full rates were maintained. Inferior and faulties were irregular. Withdrawals were fairly numerous. New Zealand greasy crossbred, Waipoa, made top price of 141, the average being 11 1-Sd. Bradford: Very firm, top makers insisting on 371 for warp sixty-fours.