WOOL CHEQUE

New Zealand Herald, Volume LXXIV, Issue 22776, 9 July 1937, Page 14

WOOL CHEQUE

AUSTRALIAN CLIP

TOTAL OF £66,000,000 LARGEST FOR NINE YEARS 1931-32 INCOME DOUBLED SYDNEY. July 8 Figures issued by the National Council of WoolHoliing Brokers of Australia show that Australia's wool cheque for tho season coded on June 30 is £60,000,000, and this is the largest return for uiuo years, and is moro than double that of the depression year 1931-32. Tho quantity of wool sold in tho Commonwealth in tho season totalled 2,899,144 bales. Tho Australian cheque for the 1935.'lO .season was £19,100.537. Details of the Commonwealth realisations for tho past five years are as follows: — Season Bales Sold Value .. :i,o.">t),s.V> jC35,0i:j,0n4 .. '_>,.V7i).781) .VJ,L(!.">,778 niiM-itr, a.ouvm as.ryjfj.o'j.i louo-ao .. 2,810,012 40,100,0:17 35>:jO-:i7 .. ii,800,14'1 00,000,000 Tho selling season just. closed is the 12th successive season iu which tho Sydney sales have totalled over bales. Sales in Sydney for tho year totalled 1,240,801 bales, which realised £25,980,094, the largest amount in Australian currency since 1927-28. The new season's sales open on August 30.

/ KEEN LONDON SALES HOME TRADE ACTIVE NERVOUSNESS IN YORKSHIRE LONDON, July 7 At tho London wool sales to-day 7708 bales wero offered, including 1975 New Zealand, and 5390 wero sold. There was a keen demand for tho good selection, tho home trado being tho chief buyers. Now Zealand sales included:—Slipes, "Kairnpoi," top price 21Jd, average 21d; greasy crossbreds, "Droxford," 18d and 17-id. Dawson and Sons, Limited, commenting 011 tho sales, says: Seldom has it been more difficult to gauge values. Short supplies and comparatively light stocks at home and 011 the Continent unfortunately are offset by nervousness in Yorkshire'and tho political unsottlemeiit in Europe. Wright, Stephenson and Company, Limited, and Abraham and Williams, Limited, have received the following cablegram from their London house: — Tho sales opened before an average attendance of buyers, among whom competition was keen. Continental and Bradford buyers wero the chief operators. An average selection of wool was offered. We quote the following average realisations: —Greasy Merino, 00-04, yielding 48 per cent, 18d; fine halfbred, 50-58, 02 per cent, 17} d; halfbred, 50-50, 08 per cent, 17d; threequarterbred, 48-50, 74 per cent, 16Jd; fine crossbred, 40-48, 75 per cent, lOd; medium crossbred, 44-40, 70 per cent, lOd; crossbred, 40-44, 70 per cent, lOd; coarse crossbred, '3O-40, 70 per cent, 15Jd; crossbred lambs, 40-50, 74 per cent, 10id. Scoured wools were from par to 5 per cent lower, while slipe wools wero T\ per cent lower. All grades of greasy wool wero on a par with closing rates in tho April scries.