A SPLENDID ADVANCE

Rotorua Morning Post, Volume 3, Issue 701, 29 November 1933, Page 5

A SPLENDID ADVANCE

(Press Assn

UP 150 PER CENT. FARMERS OPTJMISTIG.

By Telegraph— Copyrlght).

i Auckland, Tuesday. When the wool sale closed it was found that prices had advanped by appfroximately 150 per cejit. compared with last season's closing rates. The' prices were better than any that have ruled since the beginning pf the 1929r30 season. Half-bred and the better class- of prqssbred wool averaged between 12d and 13d pep lb., t}ie general ayerage Pv.er the wfiole sale being estimated at from 10(j tp lld ■ per lb. The average prjce a bale was in the yipinity pf £13. • At tfie last Auckland sale in March the" average price per lb was less than- 4d and the average price a bale £5 3s 2d, thp lowest recprded in recept yearg. A tptal of 23, 768 bales was offered, .and there was almost a total clparance. It is expected that the province received pver £300,000 for the wool dis.posed of yesterdfiy, compared w«th a return pf £341,887 for th.e three saies last season. The average price a bale at the sale last March, when values reached their lowest level, was £5 3s 2d, the aggregate return being £61,318.' At the opening sale last December £5 12s 3d a baie was received, the income from the auction being £132,118.