RECORD WOOL YEAR.

Manawatu Standard, Volume LVII, Issue 203, 28 July 1937, Page 4

RECORD WOOL YEAR.

GREAT CLEARANCE AT HIGH PRICES. CARRY-OVER SINCE SOLD. The 1936-37 wool season was one of the most successful seasons ever experienced in New Zealand. The total gross proceeds ot the 686,994 bales sold were £15,344,231, the average price per bale being £22 6s 8d and the average per lb. 15.71 d. The total quantity. held over as at June 30 was estimated at 15.198 bales of greasy wool and 16,247 bales of scoured and slipe, a total of 31,445 bales. The carry-over of greasy wool comprised nVairily crutchings and oddments, practically all of which has been sold since June 30. In ft survey of the season, Dalgetv s annual Wool Review says that prior to the opening of the sales everybody connected with the trade waiC looking forward to a successful season. Stocks of old wool on hand wore the smallest for years, and, despite the lack of .TapanoSo competition in Australia, reports from that centre indicated a high and profitable level of values. .

But not even the most optimistic were expecting the high prices paid at the Opening series.;; of sales which commenced at Auckland on November 28, followed by Nenicr and Wellington. These prices continued to firm in the December and January series of sales throughout the Dominion, but a setback was experienced in February. This was short-lived, however, and the market recovered quickly, the highest point of the season being reached in the closing series, total clearances being effected in all centres. making the strategical position appear very sound. LAST SEASON’S PRODUCTION.

The total production of wool for the 1936-37 season is estimated by Dalgetv ami Co., Ltd., at 767.132 bales, of WlUch 668.253 bales were greasy and 93,864 bales 81 Wool sold in New Zealand during the season totalled 636.994 bales, of which 678.644 bales were greasy. 819 bale* scoured, and 7531 halos slipe. Wool shinned on ac f count of growers totalled 60,847 bales, of which 47,988 bales were greasy wool, 12,186 bales scoured, and 673 bales slipe. At June 30, the quantity of wool held over was estimated at 15.198 babies, of 'which 12,616 hales were in brokers’ stores and 2582 bales in growers’ hands Practically the whole of this wool has since been sold. Ileld-over scoured and slipe wool at June 30 was estimated at 16,24 1 .bales, of which 2061 bales were in brokers’ stores, 79 halos in clients sheds, and 14.107 bales in the freezing works. Dalgety and Co.. Ltd., give the followitij£ comparison of realisations for a num-

Wellington was the leading wool-selling centre, as the following table of total sales for the 1936-37 soaaoni shows: Beilins centre: Dunedin “} Jfi Tin’at'u 42,132 Wa4anui " JUf Gisborne and Blenheim o,ilo • Total 686.994 COMPARISON OF RESULTS. The following table affords an interesting comparison of the quantities of wool sold and the. average prices realised during the last season:— North South Island. Island. Dominion. Bales sold .. 394,257 292.737 686£94 Av per bale £22 6s £22 7s6d £22 6s fid Av per lb . 15.08 d 16.62 d 15.71 d e ‘ Sh per bale 355- 323 341 During the preceding reason of 1935-36 fealos totalled 756,833 bales producing a gross realisation of £10,033,297. as against 686,994 bales sold for £15,344,231 Thus, while the quantity was less bv ’ 69,839 bales, the total proceeds increased by £5,260.934. The average price per bale , for 1935-36 was £ls 6s sd, aS igainit £22 6s 8d for 1936-37. and the average per lb for 1935-36 was 9.10ci, as against 15.71 d for 1936-37.

her of seasons: — Gross Per Bale* value. ' bale. sold. £ . £ s. d. 1916-17 546.300 12.082.894 21 18 8 1918-19 ... 627.831 14.755.247 23 10 6 1923-24 ... 603 896 11,623.924 23 1 5 1924-25 ... 462.795 13 537.344 29 5 0 1927-28 ... 643.712 13.004 200 23 18 4 19.36-36 756 833 10.083.297 13 6 5 1936-37 ... 686,994 15,344.231 22 6 8