A DECIDED LIFT.
PRICES AT THE SYDNEY WOOL SALES. J i FIFTY PER CENT. INCREASE ON LAST YEAR. BROKERS’ CHAIRMAN STRIKES CAUTIOUS NOTE. SYDNEY, August 29. At the wool sales, though the quantity was less than last year, the quality was better. Representative higher prices include greasy 17M 17|d, 1734, 1834, 18jd, 18|d. The prices are approximately 50 per cent, higher. The Prime Minister (Mr. J. A. Lyons) regards the effects as gratifying to the whole of Australia, while the Premier of New South Wales (Mr. B. S. B. Stevens) foresees more employment and greater buoyancy of trade. The Minister of Commerce (Mr. F. H. Stewart) has been informed that if the prices are maintained the total gain to Australia will be about £12,000,000. The Graziers’ Association’s president (Mr. Walker) says that so far as wool is concerned the worst is over, but the decrease in production may be larger than the quarter of a million bales estimated in June. The wool selling brokers’ chairman (Mr. Cudmore) warns growers not to be too optimistic owing to the heavy reduction of sheep shorn due to drought. This he estimated as at least 20 to 25 per cent. Neither the growers nor Australia should delude themselves that they were out of the wood.
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Bibliographic details
Wairarapa Age, 30 August 1933, Page 5
Word Count
211A DECIDED LIFT. Wairarapa Age, 30 August 1933, Page 5
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