Year's Total Estimated Clip Is 2,065,000,000 Ib.
The 1936-37 wool-selling season is closing with the commodity in a stronger position than has been the vase for many years. For two successive years pastoralists in Aw tralia, the principal producing country, have received a profitable range of prices and if the. statistical position of wool is accepted as indicative of the probable trend of values, then prospects for the com. ing season may be viewed hopefully by wool-growers, M 2 ites a special Correspondent to the "Financial New:
The five countries from which the bulk of the world's supply is drawn are Australia, South Africa, New Zealand, the Argentine and Uruguay, An increase or decrease ju the total production from these sources constitutes the major influence on the supply position, and it is therefore important to note that production by these five countries has noting creased in recent years at the same rate as consumption has expanded.
Text read from the printed page and cleaned; old type leaves the occasional error.