Southland Pleased With its Wool Cheque
RETURN OF HALF A MILLION POUNDS Per Press Association. INVERCARGILL, Last Night. Tho total realisation for the Invercargill wool sale held on February 5 was £545,350. The offering was 26,039 bales of which only 41 bales were passed in so that tho clearance can be described as complete. The average price per bale was £2O 19s od and the average price per pound 15.7 d. The course of the sale was followed by a big and representative crowd of buyers and others interested in the wool industry; and tho keenness and satisfaction shown by tno growers and brokers are fully justified by the official Returns. A comparison with the realisation of tho first sale lust year illustrates the strength of the market throughout this season ’a sales and Indicates that the wool growers of the Dominion are experiencing a return to prices which made the industry so flourishing before the depression years. The offering last year was 26,069 bales Of which 359 bales were passed. The total return was £309,873, the average price per bale £l2 Is 4d and tho average price per pound 8.76 d.
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Manawatu Times, Volume 62, Issue 41, 18 February 1937, Page 6
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192Southland Pleased With its Wool Cheque Manawatu Times, Volume 62, Issue 41, 18 February 1937, Page 6
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