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Taranaki Daily News, 9 November 1922, Page 3

The tendency to dairying is said to be noled all over the world, and a case in point, the Argentine, is mentioned by the chairman of the 8.A.W.R.A., and that the decline in wool production has been unprecedented during the la-st two years. There had been a fall of 134 million pounds since the beginning of the war, and nearly 100 million in the United States in the same period. He estimated that “in al’ the commercial and industrial countries taken together the con-sumption in 1921 exceeded the wool grown during the same period by not than 230,000,000 pounds.” Large hold-over .stocks are still held, but those are being rapidly realised, and “an urgent necessity will very soon arise for increasing the annual growth of wool.” Complicated though the position is by the much greater demand for (inc wools, of which the supply is limited, the outlook for New Zealand wool appears to pronusiag- -• ■