THE WOOL YIELD.

Manawatu Standard, Volume LIX, Issue 21, 23 December 1938, Page 12

THE WOOL YIELD.

FIRST WELLINGTON SALE. CHEQUE OVER £349,500. WELLINGTON, Dec. 23. Proceeds of the first Wellington wool sale of this season, held on December 7, totalled £349,523, compared with £283,926 for the corresponding sale of last year and £650.663 for that- of 1936. At this month’s sale 22.757 bales were sold, compared with 18,445 bales at the first sale last year and 29,792 bales at the December sale of 1936.

The Wellington wool cheque of £349,523 for 22,757 bales compares with Auckland’s £339,896 for 24,028 hales and Christchurch’s £312,058 for 23,370 bales.

The total offering at the first Wellington sale was 23,890 bales, of which 22,757 bales, or 95.257 per cent., were sold, 1133 bales being passed in. The net weight of the wool sold was 8,283,4241 b, as against 6,530,667 lb. at the December sale of last year. 'The average price a bale works out at £ls 7s 2d, compared with £ls 7s lOd in December, 1937, and the average pric ea lb was 10.127 d, compared with 10.434 d a year ago. The official return of this month’s sale, compiled by the Wellington Wool Brokers’ Association, is as follows: — Bales offered 23,890 Bales sold 22,757 Bales passed in 1,133 Net weight sold (lb) ... 8,283,424

Gross proceeds £349,523 7s Average price a bale ... £ls 7s 2d Average price a lb. 10.127 d

The gross proceeds of the wool sold at the December v sales in Wellington for the last six years compare as follow :

The average price a bale and a pound of the wool sold at the December sales in Wellington for the last six years compare as follow: —

£ s. d. December. 1933 ... ... 415,595 18 4 „ 1934 ... ... 112,308 0 9 1935 ... ... 329.643 3 4 1936 ... ... 650,663 2 8 „ 1937 ... ... 283,926 13 2 1938 ... ... 349,523 7 0

A Bale. Alb. £ s. d. d. Dec., 1933 .... .. 14 4 02 9.452 Dec., 1934 .... .. 8 17 9 5.983 Dec., 1935 .... .. 12 12 01 8.339 Dec., 1936 .... .. 21 16 10 14.619 Dec., 1937 .... .. 15 7 10 10.434 Dec., 1938 .... .. 15 7 2 10.127