RECORD WOOL CHEQUE

Chronicle (Levin), 19 July 1949, Page 6

RECORD WOOL CHEQUE

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Industry Earns £30,955,000

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WELLINGTON, July 18. New Zealand 's wool cheque for the 1948-49 season reaclied the record figure of £80,955,000, according to figures . released today by the New Zealand Woolbrokei'S' Association. This figure eompares with £29,352,000 in 1947-48 and £9,221,000 in 1938-39." In 1930-31 when the wool market felt the full effect of.the depressioh, the totai return for the Dominion was' £3,498,000. The total nunibej? of bales sold during the season just ended was 858,275 (828,432 in 1947-48). The average price per bale was a record at £36 ls 4d (£35 9s 6d in 1947-48) and the average priee per 1b was also a record at 25.811 pence (25.137 pence). The following figures compare the results of each main wool selling centre: —

The . preraium paid ior fine wools is reflected in the higher price average obtained in the Soutli Island, ' notably at Christchurch which is the main fine wool centre of Ncav Zealand. The average for crossbred wools, mainly a product of the North Island, kept within a limited range at the four main northern saies. The record price for the Dominion for the 1948-49 season was in the vicinity of 7s per 11), a sale being report ed at Timaru at S4 1 cl and oue at Christchurch at 83d in both eases for Merino wool.

Average Bales Price Sold Per Bale Auckland . . . 125,010 £31 19 0 Napier 150,057 £32 19 1 Wanganui . . 97,029 £32 9 8 Wellington 119,072 ' £34 14 10 • Christehurclr . 111,597 £44 0 2 Tiniaru . . . 50,057 £43 0 6 Dunedin .. ... 108,913 £39 11 10 Invercargill i S8,358 £34 5 S