THE WOOL TRADE
EXPERT ANTICXPATES THAT WOOL MARKET WILL REVIVE. London, July 29. Mr. Andrew Williamson, speaking at the annual meeting of Australian Estates and Mortgage Company, Ltd., said though wool prices were still below the cost of production, stoclcs had* not mat.erially increased. Wool should be one of the first commodities to partieipate in the general recovery. Though they had had a disappointing, dividendless year in view of the world's conditions and Australia' s special difficulties, they must he thankful for the improvement over the previous year. Till wool prices rise no real recovery was possible. The average price of the company's clip was £10 18s a bale, eompared with £10 8s Gd in 1930. Dependence on the price of wool was shown in the following yearly realisations of th'e clip, beginning with 1927: £402,000, £346,000, £204,000 £131,000, £146,000. Throughout'the wool industry there now appeared signs of a revival of confidence, which the Lausanne agreement was an important contributor.
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Rotorua Morning Post, Volume 2, Issue 310, 25 August 1932, Page 2
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160THE WOOL TRADE Rotorua Morning Post, Volume 2, Issue 310, 25 August 1932, Page 2
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