BIG WOOL CHEQUE

Hawke's Bay Herald-Tribune, Issue 29, 18 February 1937, Page 6

BIG WOOL CHEQUE

—Press Association.)

Southland's February Sale

(Bv Tfilesraph

INVERCARGILL, ..Last Nighfc The total realisation for tbe InveW cargill -wool sale held on February i| was £545,350. The offering was 26,039 bales of wbicb only 41 bales were passedj in so that tbe clearance can ba de-i scribed as complete. Tbe ayerage pricej per bale was £20 lds Cd and tbe avais age price per pound 15.7d. Tbe course of tbe sale was followed by a big and representative crowd of buyers and otbers interested, in tbe wool industry, and the keenness and satiw faction shown by the growers and brokers are fully justified by tbe official returas. A eomparison witb tbe realie* , ation of tbe first sale last year illus* trates tbe strengtb of tbe market tbroughout this season's saies and fu& cates t-bat tbe wool growers of !tbe Do* miuion are experiencing a return to prices Wbicb made tbe indnstry se flourisbing before the depression years. Tbe offering last year was 26,069 bales of whieh 389 bales were passed. Tbel total return was £309,873, tbe averaget price per bale £12 Is 4d and tbe. ayet^ age price per poimd 8.76d. t — — — —