BIGGER CHEQUE FOR WOOL

Southland Times, Issue 23827, 26 May 1939, Page 7

BIGGER CHEQUE FOR WOOL

Receipts From Main N.Z. Sales MORE BALES REACH LOWER AVERAGE NEW SEASON STARTS WITH ALMOST CLEAR STORES (United Press Association) CHRISTCHURCH, May 25. Receipts from the main New Zealand wool sales during the season just concluded totalled £9,220,741, an increase of £426,868 over the figure for the previous season which was £8,793,873. The rise was accounted for by the increase of 92,167 bales in the total sold during the season. The bale average was £l3/0/11 against £l4/6/2 in the previous season and £22/9/- in the 1936-37 season. The total receipts in 1936-37 were £14,903,257 so that the return this season represents a drop on that year of £5,682,516. The season was remarkable for the relative steadiness of prices throughout and for the excellent clearance effected at all centres. The season opened with a fair quantity of wool still in stock but little is now left to be dealt with. Another feature was that though the international situation wr.s exceedingly disturbed throughout the season there was a constant and steady demand for wool. It is unlikely that more than a very few farmers will be able to make wool-growing pay at the return they received this season. But the new season will start with the great advantage of almost clear stores.