Auckland’s Last Wool Cheque

Manawatu Times, Volume 62, Issue 37, 13 February 1937, Page 12 (Supplement)

Auckland’s Last Wool Cheque

OVBE £590,000 OBTAINED Tho record Auckland wool cheque for tho last eight years was distributed this week, when growers in the province received their returns for tho sale held on aJnuary 25. Tho aggregate amoutit was estimated at over. £590,000, or ovor £200,000 more than was yielded by the January sale last year, for which £324,081 was obtained. When this cheque was paid tho total distribution for the two Auckland sales wub approximately £1,029,270, us against £035,021 for the threo sales last season. Pinal figures lor the returns will bo available within a few days, but preliminary calculations show that the averago price for each balo should bo about £22, compared with the average price of £2O 10s tid for tho opening snlo of the season in November und £l2 2s Id for tho January sale last year. These figures ngroo with estinmtos at the time of the sale, when tho price was placed at over £22 a balo und up to 15Jd per lb. Almost a total clearance was effected and tho dispusal of a number of lots since tho sale has made it possible to increase tho estimate of tho clearance to 2*1,800 of tho 27,104. bales offered. The actual returns from tho March and November sales of lust year and the estimated figure for lust month’s sale compare as follows:

Tho final Auckland sale of the season will bo held on March S. For this auction there will bo no limit to tho offering. Tho clearance at tho March sale last year, when 32,546 bales were offered, and 31,719 sold cither at the auction or subsequently, was tho largest clearance made in Auckland in recent veurs.

1936 1936 1937 Balftn Alar.. offered 32,661 Nov., , 21,600 Jan., 27,104 Balex *«>ld .. 31,711) 21.401 26,800 Total value .. £371,386 £439,270 £590,000 The following comparison is made with the actual results of the January sales io. Auckland since 1929:Average Average per bale per lb; Value 192ft £ h d rl i; . J8 11 X 12.837 498,880 1ft.10 . 10 6 1 7.128 146,494 1931 . 6 13 5 4 74,898 1932 . « 11 1 4.784 121,253 1933 . « 17 1 4.668 148,450 1934 . 18 6 1 12.12 455,455 1935 . 8 2 8 6.62 168,096 1**36 . 12 2 1 8.274 324,081 1937 22 0 0 15.r» 590,000