AUSTRALIAN WOOL

Evening Post, Volume CX, Issue 48, 25 August 1930, Page 12

AUSTRALIAN WOOL

DOWN SIXPENCE PER POUND

The Australian 1930.31 wool sales open in I'crth on 9th September. The season just closed was remarkable for a drop in the Australian average price for greasy wool sold of over Cd per pound as compared with last season's rates. The National Council of Wool-selling Brokers reports as follows:— Wool sold Ay. price Season bales per lb. WS--20 ... 2,015.070 10.44 d 1929-30 2,433,326 10.29 d Receipts of wool in 1925-3) were 2,600,----486 bales, compared with 2,583,083 bales for the season just closed. The wool shipped this season was 41,439 bales, and in store (as at 30th June) there were 108,318 bales. . Wool sold' including shipments for Bale in London during the past season was as follows:— ComparSeason ed with 1929-30 1928-29 Bales. Bales. United K'dom 783,033 Decrease 21,062 ir rance 588,088 Increase 26,287 Germany 322,78; i Decrease 4,505 Japan ' 284,244 Decrease 56,520 Belgium ' ..... 262,189 Decrease 70,147 Italy 116,880 Decrease 13,777 US -V . 70.557 Decrease 248 Russia '..'..... 17,870 Decrease 39,442 The effect of the decline in prices is most strikingly indicated by the decline in export values during the past year. The total value of all wool—greasy, scoured, and tops—for the twelve months ended 30th June, 1929, was £61,615,000. For the twelve months ended 30th Juno last it amounted to £36,595,000, the reduction being approximately £25,000,000.