THE GOLDEN FLEECE
NEW SOUTH WALES WOOL CLIP (From Our Own Correspondent.) SYDNEY, August 16. The season’s wool clip in New South Wales was worth £35,000,000 in round figures. Due to the dry season experienced over the greater part of 1927, the wheat crop was not up to standard. Thus wool has again come to the rescue of the country, with a consistency which does the sheep credit. Although in number of bales the year’s w’ool production showed a drop of 5 per cent, compared with the preceding 12 months, the gross monetary returns for the clip were higher. The State is now shearing another large clip. Although we have about 10 per cent, less grown sheep to shear than in 1927, the clip is likely to show only a small reduction, owing to more favourable pastures. To-day, wool values arc about 5 ner cent, to
7| per cent, lower than they were last February and March. They are, however, aoout 5 per cent, higher than the season’s opening rates in September, 1927, and with the opening of the coming sales, on August 20, on that basis, there should not be much occasion for any growl in the industry.
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Bibliographic details
Otago Witness, Issue 3885, 28 August 1928, Page 14
Word Count
199THE GOLDEN FLEECE Otago Witness, Issue 3885, 28 August 1928, Page 14
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