WOOL IN WARTIME.

Manawatu Standard, Volume LX, Issue 250, 19 September 1940, Page 14

WOOL IN WARTIME.

USE OF EXPORT OUTLETS.

CHANGES IN MARKETS,

“The groat necessity during the war is to keep wool moving into consumption as freely os possible,” states Winchcombe, Carson, Limited. “Its appraisement is assured under the British contract, even if appraised wool is stored in Australia. Europe is now cut off from its regular supplies of tho sheep’s staple, and the necessity of disposing of supplies to possible consumers elsewhere cannot be too strongly stressed. Tho report continues thgt it is impossible to plan ahead for Europe, but Great Bntain is conducting a drive for exports to capture markets while the opportunity offers. At one period in Australia good quantities of wool were sold to Russian buyers, and perhaps some arrangement could ’be made to resume that business. Russia imports about 200,000 bales yearly from all sources, also large quantities of wollen rags for reworking. The United States. Canada, Japan, and South America comprise some outlets which might be further developed. Three, years an-o Argentina used about 62.000,000. b of greasy wool, or tho equivalent of over 20 000 bales, in her mills, and only 10 per cent, of her clip is Merino. It is possible that during the war her manufacturing industry will extend, and if she intends to turn "out fine, soft-handling fabrics, would probably require imported Merinos Stocks of wool in the United States on June 1 were reported to be about 4 per cent below the average level at the corresponding date of the past 10 years. Asa resu’t or increased Government and civilian trade orders, consumption was expected to expand considerably-