TO-MORROW'S SALE

Evening Post, Volume CXIII, Issue 3, 5 January 1932, Page 10

TO-MORROW'S SALE

The second 'Wellington wool sale of the current season will open at the Town Hall at 2 o'clock to-morrow afternoon. As reported yesterday, a total of 10,047 bales will be offered, a figure well below the limit of 30,000 bales fixed by the New Zealand Wool Committee. At the last Wellington sale on Sth December, 22,228 bales were offered (the limit again being 30,000), and those sold totalled 10,567 bales, or 71.3S per cent. Passings totalled 03G1 bales. The net •"■eight of the wool was 5,044.4561b, the gross proceeds amounted to £110,212 7s 4rl, the avera.se price per bale was £7 10>- 3d, and the average price per pound :..16H. The average price for the five Wellington sales during the 1030-31 season was s.Sflsd per Ib, or £S Us Id per bale. The gross proceeds amounted to £505,069 17s 6d. ... An indication of the manner in which values have dropped may be gained from the following table showing the number of bales sold and the average prices realised at Wellington smles tor the last

It is confidently anticipated that prices to-morrow will show a small advance on those which ruled at the December sale. At the Christchurch sale on 11th December the top price was lH4d per 1b for 11 bales of halfbred ewe. Corriedale hocrcrets reached lid, and Merino ewes lO^irl. ' The best prif-e fnr crossbreds was 7%d. At Timaru on 14th December, a halfbred clip reached 10V4d. The top prices for Corriedales and Merinos were 9d and'Sd, respectively, and the highest price. for crossbreds was 7 1id.

sight ye eai i rs: — 1923-24 1921-25 !925-2li 1926-27 1928-29 1928.-S0 1930-31 Bales solrt. 113,970 96.553 100,704 ..... 103,311 iA ... 108,979 ..;.. 113.G26 74,003 03,082 Ter bale. Ter lb. £ s. d. Tenco. 22 13 0 I4.7SG 30 3 1 19.641 17 17 1V4 11.S49 18 5 S 12.301 24 10 o 16.511 22 4 11 14.958 13 11 4 9.204 8 11 1 5.893