WOOL REALISATION

Otago Daily Times, Issue 23118, 18 February 1937, Page 10

WOOL REALISATION

FIGURES FOR INVERCARGILL SALE TOTAL OVER £500,000 (Per United Press Association) INVERCARGILL. Feb. 17. The total realisation from the first Invercargill wool sale held on February 5 was £545,350. The offering was 26,039 bales, of which only 41 bales were passed, so that the clearance can be described as complete. The average price per bale was £2O 19s 6d, and the average price per lb 15.7 d. The course of the sale was followed by a large and unusually representative crowd of buyers and others interested in the wool industry, and the keenness and satisfaction shown by growers and brokers are fully justified by the official returns. A comparison with the realisation of the first sale last year illustrates the strength of the market throughout this season’s sales and indicates that woolgrowers of the Dominion are experiencing a return to prices which made the industry so flourishing before the depression years. The offering last year was 26,069 bales, of which 389 bales were passed. The total return was £309.873, an average price per bale of £l2 Is 4d and an average price per lb of 8.76 d.