BIG WOOL CHEQUE

New Zealand Herald, Volume LXXIII, Issue 22353, 26 February 1936, Page 12

BIG WOOL CHEQUE

dominion auctions OVER £4,000,000 REALISED return more than doubled [BY TELEGRAPH—PRESS ASSOCIATION] WELLINGTON, Tuesday The following particulars have been supplied by the New Zealand Wool Brokers' Association in regard to sales at auctions of the New Zealand clip up to January 31, 1936, as compared with the corresponding period last year:— 1935-36 1=934-35 Bales offered •• 319,610 221,783 Bale* sold .. .. 305,438 192,085 Weight, lb. .. 106,521.016 66,308,131 Total realised .. £4,053,721 £1,836,198 Average per lb. . . 9.133 d 6.646 d Average a bale .. £l3/5/5 £9/11/1 The season's clip will probably return over £8,000,000 on the figures given. In 1934-35 the clip was worth £4,357,470, and in -1933-34, £10,241,041. The total Australian clip for the season is estimated at £47,000,000, against £38,526,025 realised last season. The total return to Australia and New Zealand should thus be about £55,000,000, against about £43,000,000 in the previous season. SOUTH CANTERBURY RETURNS LARGE PAYOUT ON SECOND SALE [by telegraph—press association] TIMARU, Tuesday South Canterbury sheepfarmers who solfi their clips at the second Timaru wool sale on February 10 received a cheque for £383.949, one of the largest payouts in this district from one auction for more than four years. The offering was a record for South Canterbury, totalling 25,981 bales, of which 24,841 were sold. The wool auctioned this month was worth £ls 'Bs 4d a bale, which is equivalent to 10.60 d a pound. At the first sale in Timaru in December, 12,196 ba}es were disposed of, the total value being £173,801. The average price at the December sale was £l4 os, and the average price a pound 10.24 d. Thus South Canterbury woolgrowers hare enjoyed a fairly good return this season, the two sales having returned £556,841, representing an average of £l4 16s B<J a bale, and 10.44 d a pound.