WOOL SALES
j At the wool saies though less in quantity than last year, the quality is better. Representative higher prices include greasy, which sold at 17£d, 17Jd, 172d, 182d, 18Jd, and 18Sd. The prices approximately are 50 per cent. higher. The Prime Minister, Mr. J. A. Lyons, regards the effects as gratifying to the whole of Australia, while the State Premier, Mr. B. S. B. Stevens, foresees more employment and greater buoyancy in trade. The Minister of Commerce, Mr. F. H. Stewart, has been informed that if the prices are maintained the total gain to Australia will be about £12,000,000. The Graziers' Association president Mr. Walker, says: "So far as wool is concerned the worst is over, but the decrease in production may be larger than the 250,000 bales estimated in June." The wool selling brokers' chairman, Mr. Cudmore, warns growers not to be too optimistie owing to the heavy reduction in the sheep shorn due to drought estimated at least at 20 to 25 per cent. Neither the growers nor Australia should dejude themselves that they are out of the wood.
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Rotorua Morning Post, Volume 3, Issue 623, 30 August 1933, Page 6
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183WOOL SALES Rotorua Morning Post, Volume 3, Issue 623, 30 August 1933, Page 6
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