WORLD'S WOOL SUPPLIES
Received Tuesday, 7 p.m. LONDON, June 24. Mr, F. S. Arthur, general manager in the United Kingdom of the Dominion Wool Disposals Limlted, said the organisation 's stocks of raw wool were expected to be down to 4,500,000 bales by the end of this month. The organisation, when first formed only _a vear ago. held 10,500,000 bales which, it is expected, would take 13 years to dispose of. Mr. Arthur attributed theinereased demand to greater consumption in United States and decreased raw wool production in Australia and Sonth Africa. Because of the drought, this year's saies were expected to take all tiie current. production pf 4,600,000 bales plus 1,400,000 bales from the organisati.on 's stocks.
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Chronicle (Levin), 25 June 1947, Page 6
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118WORLD'S WOOL SUPPLIES Chronicle (Levin), 25 June 1947, Page 6
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