WOOL PROSPECTS
THE COMING SEASON
DEMAND AND SUPPLY
(Received 25th August, 9 a.m.)
LONDON, 23rd August,
Bradford regards as opportune the publication .this week of Dalgety's estimate of wool production in Australia and New Zealand,for the season, 1929-30, as it will provide data-making calculations for the current season. The position is 3,582,000 bales of Australian and Now Zeaalnd wool were absorbed in 1929-30, an increase of 21,123 over the previous year. .. . "The Economist" says the alarming fact in the figures is that the average price realised for Australian wool last season was 10% d . and for New Zealand B'/4d. It has been frequently said that 12d to lod should be the minimum to enable the Australian .growers to cover costs of production, and J2d similarly for New Zealand.l ''The Sconomist" adds: It is over much to expect that values will recover as much as this. For while it is true no more wool is being produced than the world's manufacturing machinery can absorb, it is equally true that there will be a big expansion of consumptive requirements which will set all the machinery going full time, and thereby get ahead of supplies and lift values."
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Bibliographic details
Evening Post, Volume CX, Issue 48, 25 August 1930, Page 12
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195WOOL PROSPECTS Evening Post, Volume CX, Issue 48, 25 August 1930, Page 12
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