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AUSTRALIA'S WOOL PROFIT.

NEED FOR POST-WAR CAUTION. HUGS FIGURES. -; ; ; \ (Received 9.55 a.m.) '.l\'!'J SYDNEY, Hf, At the luncheon given in connection with, the sheep show, the Chief Secretary ("Mr Black) said that a reliable; estima&e of the present season's wool clip was 800,000 bales, as compared with 90O",6OO bales for the previous season. The-latter was sold for £12,000,000, but , , owmVlto the higher prices it was the present clip would return fiJSSjOOQ more. ~~ """ — "'h-z'- ■ The president sounded a note of-wars-ing. He said the countries of fbe'CAJlies, owing to "their crippled buying powers, would not be likely to require, so tfucTi wool after as before, the war. ■ Australia svould be faced witli the problem' of-jilis- I —' posing of the the president, and he urged the caution in adjusting the trade after the war. One patch, of • silver lining was .that Jlussia and Japan would lie likely.lo-buy awe wool.

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https://paperspast.natlib.govt.nz/newspapers/AS19160701.2.17.2

Bibliographic details

Auckland Star, Volume XLVII, Issue 156, 1 July 1916, Page 5

Word Count
146

AUSTRALIA'S WOOL PROFIT. Auckland Star, Volume XLVII, Issue 156, 1 July 1916, Page 5

AUSTRALIA'S WOOL PROFIT. Auckland Star, Volume XLVII, Issue 156, 1 July 1916, Page 5