Australia
LESS WOOL, MORE MONEY.
NOTE OF WARNING AND THE , SILVER LINING.
United Press Association. (Received 9.55 a.m.) Sydney, July 1. At the Sheep Show luncheon, the Chief Secretary (Mr Black) said a rcli- v able estimate of the present reason's wool clip was eight hundred thousand hales, compared to nine hundred thousand in tho previous year. The latter sold for twelve million, but owing to the higher prices, it is estimated the present clip will return £325,000 more. The President souuded a warning to the Home Country and the Allies, as owing to their crippled buying powers it n.lB unlikely. they would require .so much wool after as before the war. and Australia would be faced with the problem of disposing of the surpl is. Ho urged the need of caution in adjusting post-war trade. However, there was one patch of silver lining, as Russia and Japan were likely to buy more wool.
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Stratford Evening Post, Volume XXX, Issue 75, 1 July 1916, Page 5
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154Australia Stratford Evening Post, Volume XXX, Issue 75, 1 July 1916, Page 5
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