ARGENTINE WOOL

Press, Volume C, Issue 29681, 27 November 1961, Page 20

ARGENTINE WOOL

Pleasing Fall In Stocks A decline in Argentine stock* erf ,®ra**brad wool is an encouraging factor for New Zeatoad at the start of Ite MW MUiSW BMBOR, sc* Zealand Wool Board’s Bradford corwas able to call on very tob*tonti*l often atntW had accumulated to the extent of about M milUna lb dew weight in addition to thy96o3l dip, toe By toe end month, thto hhU-over ■apply »d the 1966-61 dip had been substantially liquidated. The carry-over at toe end at October waa estimated at only 11 million Jb dean. For the current season, Argentina can offer only her currant dip and toe over-ell position of cjoait) icd wool to statistically stronger as a reCommenting on toe report, a Wool Board spokesman said that the disposal erf Argentine surpluses had been an important factor on a number erf markets tost season. In toe first half of this year, import* to Britain from the Commonwealth and South Africa fell by 6 per cent, the brunt erf the fall being taken by Australia. By contrast, imports from Argentina more than doubled, reaching 45J million lb. French imports also doubled, as did those of Germany, and Japan’s increased by 70 per cent. ADVERTISING has brought to millions comforts, conveniences, services, etc. Without advertising most of these thing* would be enjoyed by only a privileged tew.