THE WOOL INDUSTRY.
SOUTH AFRICAN FORECAST.
(United Press Association—Copyright.) CAPE TOWN, July 19.
Despite the failure to get unanimity among the farmers’ organisations with regard to the rationing of wftol, as desired by Australia, the Growers’ Association believes that the . opening month of the season will witness a slight fall in prices, followed by a steady rise till November' when prices will be stabilised. It advises farmers not to dispose of merinos in order to invest in Persians, as seems to be the present tendency. AUSTRALIAN RETURNS. SYDNEY, July 20. The total proceeds of the sales of wool in Australia this season show a drop of nearly £24,000,000 compared with last year.
This week’s sales at Brisbane closed with a strong tone, a feature of the market being the Continental demand.
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Ashburton Guardian, Volume 50, Issue 237, 21 July 1930, Page 5
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131THE WOOL INDUSTRY. Ashburton Guardian, Volume 50, Issue 237, 21 July 1930, Page 5
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