WOOL CHEQUE

Wairarapa Times-Age, 23 December 1938, Page 3

WOOL CHEQUE

FIRST WELLINGTON SALES. (By Telegraph—Press Association.) WELLINGTON, This Day. Proceeds of the first Wellington wool sale of this season, held on December 7. totalled £349,523, compared with £283,926 for the corresponding sale of last year and £650,663 for that of 1936. At this month’s sale 22,757 bales were sold, compared with 18,445 bales at the first sale last year and 29,792 bales at the December sale of 1936. The Wellington wool cheque of £349,523 for 22,757 bales compares with Auckland’s £339,896 for 24,028 bales and Christchurch’s £312,058 for 23,370 bales. The total offering at the first Wellington sale was 23,890 bales, of which 22,757 bales, or 95.257 per cent, were sold, 1133 bales being passed in. The net weight of the wool sold was 8,283,4241 b, as against 6,530,667 bales at the December sale of last year. The average price a bale works out at £l5 7s 2d, compared with £l5 7s lOd in December, 1937, and the average price a lb was 10.127 d, compared with 10.434 d a year ago. The official return of this month’s sale, compiled by the Wellington Wool Brokers’ Association, is as follows: — Bales offered 23,890 Bales sold 22,757 Bales passed in 1,133 Net weight sold (lb) 8,283,424 Gross proceeds £349,523 7s Averace price a bale £l5 7s 2d Average price a lb 10.127 d The gross proceeds of the wool sold at the December sales in Wellington for the last six years compare as follows: —

The average price a bale and a pound of the wool sold at the December sales in Wellington for the last six years compare as follows: — A bale A lb.

£ s. d. December, 1933 415,595 18 4 1934 112,308 0 9 1935 329,643 3 4 1936 650,663 2 8 „ 1937 283,926 13 2 „ 1938 349,523 7 0

£ s. d. d. Dec., 1933 14 4 0:; 9.452 Dec., 1934 8 17 9 5.983 Dec., 1935 12 12 OJ 8.339 Dec., 1936 21 16 10 14.619 Dec., 1937 15 7 10 10.434 Dec., 1938 15 7 2 10.127