GREAT INCREASE

Wanganui Chronicle, Volume 79, Issue 107, 7 May 1936, Page 11

GREAT INCREASE

New Zealand’s Wool Cheque NEARLY £10,000,000 RECORD QUALITY SOLD The total realisation of the wool ’’ sold at the 29 auctions of the 1935-36 s season from November to April was £9,840,427, compared with £4,401,010 for the corresponding period of last I season. This represents an increase of g £5,439,417, or 126.50 per cent, and is only £400,614 short of the total realir sation for 1933-34. (1 The quantities of wool offered and sold this season constitute a record for the Dominion. A total of 768,933 bales (. was offered, of which 737,454 bales were sold, as compared with 527,283 ’ bales 'Offered and 471,512 bales sold g d. ring the 1934-85 season. This season’s sales exceed those of last season ’ by 265,942 bales, and those of the 193334 season, when 633,553 bales were ? sold, by 103,900 bales. r Official returns compiled by the New r Zealand Wool Brokers’ Association s give the following results for the 29 , sales of this season, the figures for 1934-35 being shown for comparative t purposes:— , 1934-35. 1935-36. ’ Wool sold ' (bales) 471,512 737,454 ' Value £4,401,010 £9,840,427 Average prices—- , Per bale . £9 6 8.118 £l3 6 10.008 ‘ Per lb. . 6.498 d. 9.144 d. During the years 1933-34, when prices soared unaccountably, 633,553 bales were sold, realising £10,241,041, the average price per bale being £l6/3/3.469 and the average per lb., 11.127 d. The following table shows the offer- ■ ings and sales at each selling centre this season and the increase in sales i over those for the 1934-35 season:

Increase ... 241,650 265,042 The table shows that the total offerings this year at 768,933 bales exceeded those of last season by 241,650 bales or 45.82 per cent.; and that the total actual sales at 737,454 bales exceeded those of the 1934-35 season by 265,9-12 bales, or 56.40 per cent. The following table, compiled by the New Zealand \\ 00l Brokers' Association, shows .the total quantities of wool sold and the realisation (where available) for the last 15 seasons:—

The figures show that the quantity of wool sold this season, namely, 737,454 bales, is the greatest for 15 seasons, the next best year being 633,553 bales in 1933-34. This year’s total realisation of £9,840,427 has been exceeded only three times during the 15 seasons, namely, in 1927-28, 1928-29, and 193334. The following table shows the average prices per pound and per bale realised by the wool sold during the last 14 years:—

Increase 1935-36. sales on Offered Sold 1934-35 bales. bales. bales. Auckland . ••• 82,395 78,841 35,945 Napier ...... 130,350 125,961 47,115 Wellington .. 153,981 144,019 54,395 Gisborne .... 1,746 1,577 142 Christchurch .. 97,198 94,048 19,125 Timaru 52,856 40,219 10,847 Dunedin ...... 118,31 114,253 39,731 Wanganui ... 90,795 87,937 41,925 Invercargill .. 51,294 50,599 16,717 Total, 1935-36 768,933 737,454 265,342 Total, 1934-35 627.283 471,512 —

Total value. 1921-22 Bales sold. 467,381 £ 1922-23 476,966 7,930,942 1923-24 493,809 — 1924-25 442,375 — 1925-26 471,583 — 1926-27 491,482 8,914,383 .1927-28 517,628 12,551,829 1928-29 553,809 11,874,493 1929-30 405,494 5,110,124 J 930-31 438,124 3,497,935 1931-32 468,256 3,522,735 1932-33 563,505 4,239,720 1933-34 633,553 10,241,041 1934-35 471,512 4,401,010 .1935-36 737,454 9,840,427

.1922-23 Average prices. Ter lb. (pence) 10.85 Per bale. £ s. d. 16 12 7 1923-24 15.789 -— 1924-25 30.212 , 29 15 6 1925-26 11.936 17 1 8 1926-27 ...... 12,706 18 2 9 1927-28 16.89 24 4 11 1928-29 14,99 21 8 10 1929-30 8,94 12 12 0 1930-31 ..... 5.66 7 19 8 1931-32 ...... 5.26 7 10 □ 1932-33 ...... 5.168 7 10 1 933-34 _ 11.127 16 3 3 1934-35 6,498 9 6 8 1935-36 9.144 13 6 101