LARGE WOOL SUPPLIES
DISTRIBUTION OF STOCKS. Although stocks of wool in Australia are particularly large, the situation is not as depressing as it. appears, states the Sydney Morning Herald. At this time of the year a large part of the weight of wool, which at present is in tho woolgrowing and exporting countries, has usually been sold and shipped to the importing countries. Actually, therefore, the bulky stock situation in Australia and elsewhere is largely the reteivtion of stocks in the primary producing countries, in place of their customary transference overseas. That statement canno’t be not be made without some reservations, as consumption of wool in Europe has not been up to usual volume, and normal supplies have con sequently not been required, but the existing cost of woo] is gradually stimulating turnover in most quarters, and the raw material is likely to be used more freely in the months ahead than I during the, receding seven months.
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Wanganui Chronicle, Volume 79, Issue 31, 6 February 1935, Page 8
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158LARGE WOOL SUPPLIES Wanganui Chronicle, Volume 79, Issue 31, 6 February 1935, Page 8
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