£126,000,000 FOR WOOL

Auckland Star, Volume LXXII, Issue 170, 21 July 1941, Page 3

£126,000,000 FOR WOOL

AUSTRALIA'S REVENUE TiIOCiKST CONSUMER IS U.S.A. Durinflf two years of Tar. Austr?»liT'< fr : '00l totals £126.056.311. Prior to 1928-29. a simi 'ir period prodtirod an anproximptfily correspond'np return, but since that time, it hns not hre' "\per!encert. Constrlering *hnt the bodv o' . "oniinental consumers is «' , <minnt#»<i und sea trans is a problem, the ftrurrs must he ' i vi»h si t i c faction state Winehrornbe. Carson. Ltd of Sydney. An eqii"h.snMon nf-vmen' ol II per cent on rhr io«st wool will be distributed *o "rowprs o % Tuly 29 to bring •'he prire at whirh tv> ° n Q . , 5' "TfOn's Au«rrplis»n clip was annriised. 12.085 d pe'" b. up to »hp British contract Pr-urc. 11 -<.nv nrevimislv the a\'er?fe appraisement w.i p 4052(1 and the eoual?sr>flon payment per ccn* The rlip wos on *he M mp ba«-is •««! ' V C9r before, the In the average ori p < Up, ne caused by variation in the sr**owth and ron ■'ttion of the wool, resuming from the dry t> 'rouehty seasons experienced over wfdf* areas o' he Corn mr»nu-e« Ith durinar 'be crow'n«? Deriof' wool industry is nr..»bahly envied bv mnr, l producers beemse of the a*«uirpd ou'lr' "or its product Rr"il'« for f hc 1 n *0-41 Hit the eau°lis?tion tot'•.He ■ Tft.959 828. a decrease of r.4.136.565. comnarp' " ith the year before. hu f 12 months prevlou«lv ron '-'rr->hlo enrrv-over ctock" were annraise' 4 in p.d't* 'on to the current clip, that turnover augment in he returns. Act7jil]x\ a favourable spascn is to--rowers to show a moderatp n**oflt on the warMm r of their product. De c ni*e that necessarthe is fir h«^ + tpr situa'r h?n he would be if the sale of his rl'n were «ub 'ect to the vicissitudes of a much restricted m**r'cet for its nct'vl'y on the * of ships to carry tt overseas. The greatest consumer of wool to which shin•nents ran be made is the United States. Supplies for that country ha"? not onlv been acquire' n large quantities in A.usTaHa. but have alsc oeen secured tn South Africa and New Zealand ••nd, in addition, most extensive purchases hpvr been made in South America. V*r*ua]lv *h <■ South American markets "enend unon United States orders . for their activitv. The Unite'* States, however, rould not take sufHeien wool from all the ere~t producing countries tr. assure an even stable volume of com ■**cM'ion. Ceat. P.rM"in*s contracts with Australia New Zealand and -South Africa are the basic cause of the general stability in prices. The Aus*r"li?n wool a furthe* year in which a large wool production is assured of ready realisation. Sunplies will probably show in increase on tv»c past season, but every nound ol the sheep's stanle will be and its owne' - ; ecure his monetary return for it.