HIGHER WOOL PRICES PREDICTED
Australian Sales to Open
REDUCED CLIP AND MORE
DEMAND By Telegraph.—Press Assn.—Copyright. (Received August 28, 9.40 p.m.) Sydney, August 28. Addressing the annual meeting of shareholders of Winchcombe, Carson, Ltd., the chairman, Mr. Harold Bell, forecast that wool values at the opening of the new selling season on Monday would be 20 per cent, above last season’s September rates and possibly higher. This was attributable to the reduced clip and the increased demand for supplies. He stated that last year’s sales opened with a carry-over of 250.000 bales and an increased clip.. The position this year was almost reversed. He believed that in years to come Australia would grow a clip of 4,000,000 bales of wool. In the past five years the production of wool in Australia was 15,298,570 bales, which realised approximately £200,000,000 in Australian currency.
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Bibliographic details
Dominion, Volume 28, Issue 285, 29 August 1935, Page 9
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141HIGHER WOOL PRICES PREDICTED Dominion, Volume 28, Issue 285, 29 August 1935, Page 9
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