A LARGE WOOL CHEQUE.

New Zealand Herald, Volume LXV, Issue 19891, 9 March 1928, Page 10

A LARGE WOOL CHEQUE.

SECOND AUCKLAND SALE.

SUM OF £518,750 DISTRIBUTED.

NOVEMBER FIGURES ECLIPSED.

GREAT RETURN FOR THE SEASON.

Representing an aggregate payment of '£518,750, the proceeds of the second Auckland wool sale, distributed to growers this week, reflect the most season for several yaarß.

An arresting indication of what tho enhanced values mean is given by a comparison with the size of the wool cheques in the two preceding seasons. From two sales this season £1,017,750 has been derived, compared, with £748,000 and £622,193 for each of the series of three Bales in 1926-27 and 1925-26 respectively. The spirit of buoyancy which marked the first sale in November proved to be only the prelude to even better realisations at last month's sale, for, although the recent offering was nearly a thousand bales short of the November catalogue, an average of over lid a pound mere was ob- , tainedj involving an extra distribution of nearly £20,000. The respective averages were 14.81 d in November and 16.09 d in February. Expressed in bale values, the respective figures wefe £2l 9s 9d and £23 5s 2d. Although the average price a bale at "some of the southern sales has been higher than Auckland's February figure, it has to be remembered that the whole of the wool sent to Auckland wi:s offered, whereas the whole of the offerings at the southern centres could not be put in the sale room, and the averages were improved because the poorer grades were left over for later sale. At the first 'Auckland sale the offering totalled 23,211 bales, a record, and 23,095 bales were sold. At tho February sale 22,393 bales jwere offered and 22.302 were sold. The measure of increased prosperity resultant qn improved values is indicated in the following comparative table covering the present season and its two predecessors : Average a Bale. Total. 1925-26. £ 8. d. £ November 16 14 G 239,770 r ebruary .. 15 7 8 25G.845 March _.-j .. 14 510 ,95.578 Season's total .. .. £622.193 1926-27. . November «... 35 5 7 264.000 February 17 3 4 348-000 Mairch ..- 16 18 4 133,000 Season's total .. ~v £748,000 1927-28 November .. 21 9 9 493,000 February .. 23 5 a 518.750 Season to date .. .. £1.017,750 Only a small catalogue is expected to be offered at the third sale, which is scheduled to open on Thursday. GOOD SALES AT SYDNEY. ACTIVITY OF FRENCH BUYERS. GREASY MERINO BRINGS 34d. (Received March 8. 10.!i0 p.m.) ! A. and N.Z. SYDNEY, March 8. At the Sydney wool sales to-day all classed clips and wools of fine quality that were suited for the French section sold, at the best rates of the series. All other descriptions wefe unchanged. Comebacks and crossbreds continued to be in keen request. Greasy Merino sold to 34£ d.