WOOL FOR JAPAN
TO MAKE UP LOW STOCKS
Though Japan has this season bought wool of various classes in countries other than Australia, figures show that the cessation of imports from the Commonwealth has resulted in a decrease in her stocks of raw material. At the close of July her reported stocks were ) 0,000,0001b less than at the end of June, and a further considerable reduction has since been experienced. Approximately half the wool available for sale in Australia this season has now been sold. In New South Wales the larger part of the merino top-mak-ing types suitable for Japan have already found buyers. The greatest advantage in a resumption of Japanese purchasing in Australia lies in the more assured demand which more-widely distributed competition provides.
It is a tribute to the strong selling position, wool occupies that its sale has not been more affected by occurrences overseas. The absence of marked variation in prices, which had risen 20 per cent, to 25 per cent, in two months, offers evidence that consumers are not nervous, and do riot find wool an overcostly raw material in terms of the depreciated currencies which now prevail!
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https://paperspast.natlib.govt.nz/newspapers/EP19361226.2.141.7
Bibliographic details
Evening Post, Volume CXXII, Issue 153, 26 December 1936, Page 14
Word Count
193WOOL FOR JAPAN Evening Post, Volume CXXII, Issue 153, 26 December 1936, Page 14
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