HANDSOME CHEQUE

New Zealand Herald, Volume LXXIV, Issue 22670, 6 March 1937, Page 16

HANDSOME CHEQUE

YIELD TO PROVINCE THE SEASON'S RETURNS TOTAL OVER £1,500,000 As a result of tho prices maintained at the final Auckland wool sale yesterday, it is estimated that tho wool cheque for tlio Auckland province for the 1936-37 season will amount to more than £1,500,000, an increase of approximately £600.000 over the total returns for 1935-36. At nil estimated average of £23 a bale, yesterday's sale is likely to realise £511,806. This sum, in conjunction with the £1,053,121 yielded by the two previous sales, will make the total estimated return for the season £1,564,928, an outstanding figure for any one season as far as tho Auckland Province is concerned. The following tabic gives a, comparison of the returns at tho Auckland wool sales for this season and last season:— 1935-30 1936-37 November .. £240,154 • January .. 32-I,OSI / ,•, March .. 371,356 511,806 (est.) Totals .. £935,621 £1,504,928 (est.) Proof of the remarkably successful wool season experienced this summer is provided by the fact that the returns from the first two sales alono wore sufficient to exceed the "boom" cheque of £1,024,682 recorded in 1928-29. With the clip showing a tendency to increase annually, wool is becoming an increasingly important part of tho production of the province. The totals realised at the Auckland sales for tho past nine seasons are as follows: — Season Total amount 1928-20 <* .. £1,024,082 1920-30 .. .. 408,717 1930-31 .. .. 323,806 1931-32 .. .. 31°.S^ 1932-33 .. 341,887 1933-34 .. .4 934,363 1931-35 .. .. 344.030 1935-36 . . 935,621 1936-37 (est.) \. 1,564,028 RANGE OF VALUES REPORT BY BROKERS JANUARY RATES EXCEEDED The following report on the wool sale has been issued by the Auckland Wool Brokers' Association: — The third Auckland wool sale opened yesterday morning at the Town Hall, with an offering of 22,200 bales. There was good competition, Brad- j ford being the principal buyers, well supported by the Continent and by other buying countries. A good clearance was effected under the hammer. On the whole, tho salo was particularly satisfactory, taking into consideration the heavier condition of the wool and the increase in the quantity of seedy wool. The improvement in prices affected the bulk of the offerings. An increase in price was shown over the last Auckland sale, ranging from to Id per lb. The individual offerings were: — Bales Dalgety and Co. Ltd. .. .. 7,427 Abraham and Williams, Ltd. .. 3,107 Alfred Buckland and Sons, Ltd. .. 097 ■ Farmers' Co-op. Auct. Co., Ltd., and North Auckland Farmers' Co-op , Ltd., in conjunction .. 5.950 ; N.Z 'Loan and Mercantile Agency 1 Co.. Ltd 4,735 Total .. .. .. .. 22,252 ' The range of prices was as follows, | January, 1937. prices being shown for purposes of comparison:—

■' 'w* March, 1037 Jan., 1937 d d d d Sonthdown A .. 36 to 37% 18 to 20 Soul hdown B .. 14 to 1514 16Vi to 18% Halfbred, 5(1/5S— Extra Super .. — 22% to 24 Super — 21 to 22% Average — 18 to 20 Halfbred, 50/56 — 10% to 38 Super 38 to 19 Average 16*4 to 18 15 to 16 Inferior 15 to 16 — Extra Fine Crossbred, 48-50 — 16 to 17% Super 3 0% to 17% Average 15 to 16 14% to 35% Inferior 14 to 15 — Fine Crossbred, 46/48 — 36 to 17 Super 17 to 18 Average 15% to 16% 14% to 15% Inferior 14 to 15 — Medium Crossbred, 44/46 — 16 to 17 Super 16 to 17 Average 15% to 16 13y a to 35% Inferior 14 to 15 — Coarse Crossbred, 40/44 —• Super .. 15% to 36% 35 to 36 Average 34% to 15% 13% to 34% Inferior 33% to 14% — Strong Crossbred, 36/40 — Super 36% to 38 36 to 37% Average 35 to 16% 14% to 15% Inferior 14 to 14% — Hoggets— 37 to" 30% 17 to 3 0% 52/50 50/56 37 to 3t» 37 to 30 48'50 36 to 18 15 to 16 40,'JS 15 to 17 14% to 35% Lambs— Down, crossbred 35% to 38 17 to 18 Fine . 31 to 37 37% to 30 Medium 33 to 36 35% to 36% Seedy it infer'r 0 to 10 to 11 Bellies and Pieces- - Crossbred : 12% to 34% Cood to super __ Low to medium o to 11% 30% to 11% Halfbred . — —■ Crutcbings— 33 to 15% 14% to 16 - Medium to good Inferior to seedy 9 to 32'/, 11 to 33% Lorks — 9 to 10% Crossbred 8 to 9