STOCKS OF WOOL.

Manawatu Standard, Volume XLV, Issue 122, 27 April 1925, Page 10

STOCKS OF WOOL.

REVISED ESTIMATE. LONDON, April 23. Sir Arthur Goldfinch’s (Director of Raw Materials, War Office), revised estimate gives the weight of the world’s slocks of raw wool at January 1, 1925, at about 2800 million pounds, compared with about 4000 million pounds on January 1, 1921. He estimates the consumption in 1921-23 at about 8500 million pounds, and the production for 1924, excluding Turkey and Russia, at from 2500 to 2550 million pounds. The world’s supply now available is less than the average consumption from 1921 to 1923 by about 300 million pounds per annum. Sir Arthur Goldfinch adds: “Comparing the stocks of January, 1925, with January, 1921, it is evident that there is no abnormal stock in any country this year. The trading stocks of the United States are much lower than in 1921. On the other hand they are somewhat larger in France, Germany and Roland.” Sir Arthur Goldfinch points out that the new clips iri the Southern Hemisphere have boon marketed to a decidedly larger extent than in 1921. On January 1, of that year 0n1y.22 per cent, of the Australian clip had been shipped, and 25 per cent, lay in the warehouses, whereas on January 1, 1925, the figures were 47 and 43 per cent, respectively.

Tha Argentine and Uruguay figures also showed a more liquid position in 1925 than in 1921.

Sir Arthur Goldfinch concludes: “My last word is: ‘Half the world’s clip hus disappeared.’ ” —A. and N.Z, cable.