BIG WOOL CHEQUE.

Kaikoura Star, Volume XLIV, Issue 38, 9 May 1924, Page 2

BIG WOOL CHEQUE.

.NEARLY £12,000,000 IN CASH. The New Zealand wool sales have •dosed; the London May sales are opening. Prices have been, and appear likely to he, high, the demand for wool of e\cry description is keen, and from all statistical indications is likely to be so until production catches up with con-

sumption. The Consumption of wool in the United Kingdom, United .States, France, Belgium, Japan and Italy for 1922 was 2,290,000,000 pounds, as compared with 1,586,900,000 pounds for 1912. All these countries showed substantial individual increases. Germany, however, during 1912, took 525,000,000 pounds, whereas its consumption for 1922 was 425,000,000 pounds. Production is short, although the flocks of New Zealand at last tally showed an increase of roughly 800,000, as compared with the previous counting. The wool sold in New Zealand from Ist November to 31st Afarch, was 479,695 bales. It averaged £23 6/11 per bale, or 16d per lb. The quantities sold in the North Island wore 303,541 bales, and in the South Island 176,154 bales. The prices realised in each island were:— North Island 14 Jd, or £22 0/5 per bale, South Island 18Ad, or £25 12/6 per bale. The value, of the clip sold in New Zealand was £11,198,579. This was distributed to growers (k.*s brokerage an I other charges) in cash over a jicriod of six months.