FINAL APPRAISAL AT DUNEDIN

Southland Times, Issue 24113, 30 April 1940, Page 6

FINAL APPRAISAL AT DUNEDIN

DIVERSION OF WOOL AFFECTS REALIZATION

(Special to The Times) DUNEDIN, April 29. Returns for the final wool appraisal in Dunedin have now been announced. The total number of bales appraised on April 9 represented a decrease of approximately 7000 on those sold at auction on April 19, 1939, the decrease being due to the unfavourable spring of 1939, the diversion of a quantity of wool from Eastern Southland to Bluff and the appraisal of North Otago wool at Oamaru. The total proceeds from the recent appraisal represented a comparatively small decrease on the returns from the last wool sale of 1939. This was due to the fact that the average price a bale last year was £ll/18/5 or B.Bd. "er lb as against £l6/9/10 a bale or 12.13 d. per lb in the appraisal earlier this month. Details are as follows:— APPRAISAL APRIL 9, 1940 Bales appraised, 16,305. Total proceeds, £268,881/3/11. Average price per lb, 12.13 d. Average price a bale, £l6/9/10. SALE APRIL 19, 1939 Bales sold, 23,594. Total proceeds, £281,292/14/4. Average price per lb, B.Bd. Average price a bale, £ll/18/5.