AUSTRALIAN WOOL
Sharp Drop In Cheque <X.Z. Press Assn—Copyright) SYDNEY. May 14. A 22 per cent drop in Australia’s wool cheque for the 40 months to April is shown if. figures released today. The cheque for the period fell by £88.2m to £303.4m. The figures announced by the National Council of Woolselling Brokers showed that receipts for April slumped from £30.3m in April last year to £9.7m. Depressed Market Contributing factors were a depressed market and a smaller quantity of wool sold. Quantity sold so far was 4.608.979 bales, a drop of 218.182. while the average price was 59.21 d lb compared with the previous 71.68 d. Figures for greasy wool included in these details are: 4.054.708 bales sold for £302.472,889 at an average of 59.17 d. In stores at April 30 were 856.981 unsold ba1e5—322.314 more than at that time last year. Greer's Dividend. Recommended annual dividend of Greer's Industries. Auckland manufacturers. 1b 4 per cent. Greers last paid 4 per cent in 1942. In 1953 dividend was parsed and last year total pay-out was 2i per cent (P A >
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Bibliographic details
Press, Volume CIV, Issue 30752, 17 May 1965, Page 17
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181AUSTRALIAN WOOL Press, Volume CIV, Issue 30752, 17 May 1965, Page 17
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