THE WOOL YEAR

Wanganui Chronicle, Volume 76, Issue 105, 6 May 1933, Page 20 (Supplement)

THE WOOL YEAR

INCREASE IN SALES A REDUCED CARRY-OVER. Speaking at the annual meeting of the New Zealand Woolbrokers* Association yesterday, the president (Mr. A. E. Mabin) referred with satisfaction to the “most pleasing feature” of the Dominion sales, namely, that 563,505 bales were sold as against 468,256 bales the previous year, an increase of 95,249 bales. This i,together with the shipment of an unkown quantity of old wool, he thought, should reduce materially the carry-over of 210,000 bales of greasy wool on July 1 last. The salient features of the New Zealand W'Ool sales he summarised as under:— 1930-31 1931-32 1932-33. Wool sold (bales)’ 438,124 468,256 563,505 Value . . £3,497,935 £3,522,735 £4,239,720 Avg. p'rico per lb. 5.66 d 5.26 d 5.168 d Avg. price per bale £7/19/8.13 £7/10/5 £7/10/5.72 Wool offered in various centres of the Dominion during the past season was disposed of in the following quantities: — Offered Sold. In. 1931-32 1932-33 1931-32 1932-33 crease Centre. Bales. Bales. Bales. Bales Bales. A’land 68,458 65,709 48,762 57,277 8,515 Napier 80,421 103,666 64,283 86,468 22,185 Wgtn. 105,851 118,513 81,376 102,656 21,280 Gisborne 2,128 2,834 1,829 2,198 ,369 Chch. 84,791 86,610 79,586 82,394 2,808 Timaru 33,960 34,877 28,806 33,047 4,241 D’din 95,261 101,930 84,145 96,455 12,310 Wa..g. 57,117 69,956 42,094 58,319 16,225 In’c’gil 47,701 49,903 37,375- 44,691 7,316 Total bales 575,688 633,998 468,256 563,505 95,249 For the past seven seasons the quantities of wool sold and the gross return and the average price realised per pound were as follows: Bales Value. Per lb. Season Sold. £ d. 1926- .. .. 491,482 8,914,383 12.706 1927- .. .. 517,628 12,551,829 16.89 1928- .. .. 553,809 11,874,493 14.99 1929- .. .. 405,494 5,110,124 8.94 1930- .. 438,124 3,497,935 5.66 1931- .. .. 468.256 3,522,735 5.26 1932- .. .. 563,505 4,239,720 5.168 The average price at per bale for the past three seasons was £7 13s fid per bale. For the 1929-30 season only the average was £l2 12s per bale; but for 1927-28 and the following year the average for both seasons was £22 16s lOld. To-day a bale of wool is shown to be worth about one-third of what it averaged during both seasons of 192728 and 1928-29. The Brokers’ Association is responsible for the figures, but not -for any comments upon them