NEARLY £50,000,000

Evening Post, Volume CXXII, Issue 13, 15 July 1936, Page 14

NEARLY £50,000,000

AUSTRALIA'S WOOL YEAR

The official review of the Australian wool season ended June 30, issued by the National Council of Wool Selling Brokers of Australia, shows that the Commonwealth's clip for 1935-36 realised £49,100,537 8s Id. The season opened with ap carryover from 1934-35 of 90,747 bales, the report, states, and during the year 2,831,930 bales were received into store, making a total of 2,922,677 bales for disposal. Realisations showed a substantial improvement compared with those of the previous season and amounted in all to £49,100,537 8s Id.

The average weight from each bale of greasy wool for the season amounted to 300.481b. This was the lowest for many years. The average price per bale was £17 10s lid for greasy and £18 7s 5d for scoured, or 14d and 19.9d per lb, respectively. The quality of wool sold was 2,791,931 bales (including 135,235 bales scoured). Further evidence of the strong statistical position of the Australian wool industry is shown in the review, which states that on'-June 30 this year there were 75,083 bales of wool in store awai)> ing disposal compared with 90,747 bales at June 30, 1935, and 213,572 bales at the corresponding date in the previous year.