THE WOOL TRADE.

Colonist, Volume LVII, Issue 14128, 3 July 1916, Page 6

THE WOOL TRADE.

■^BSIMATES OF Tim AUSTRALIAN CLIP.

AFTER-WAR PROSPECTS

Sydney, July 1. At-the Sheep Show luncheon the Giuef Secretary, Mr Black, said a reliable estimate cf the present season's wool clip was 800,000 bales compared with 900,000 bales in the previous year. The latter solrl at £12,000,000, but owing to the hi-uor prices it-was estimated that the present clip would return £325,000 n ore. The Prs.>:df-nt sounded a warning that Homft.vountrips and the Allies, •owing to their crippled buying powers, were not likely to require 30 much wool after'as before the war. Ausjtralia would be faced with the problem fcf disposing of i her surplus, and he. m-ged the i W of caution in adjust-j iflg her post-'t ir trade. Gae patch of ! silver lining v £s v at li-jndfe and Japan were 1?- " : -, 1 1X y more wool.

CABLE. ;NEWS.

[Press Association—Copybight.]