In the 1937-38 Australian wool seasón, which ended on June 30, the amount realized for wool sold in Australian selling centres was £16,- 659,728 less than the amount for the previous season.
The National Council of Wool Selling Brokers fo Australia, in its statistical review of the season, states that - revenue from the sales was £43,515,769, compared with £60,175,- 497 in 1936-37.
The reduction in the amount realized reflected the fall in the price of wool in the season. The average lue of greasy wool fell from 16.48d. per lb. to 12.51d., a decrease of 3.97d., while that of scoured wool declined from 25.25d. to 2183d., a fall of 3.42d.
Another factor was the reduced quantity of wool offered, which at 2,760,759 bales compared with 2,899,- 144. bales for the 1936-37 season, or a decrease of 138,385 bales. The decline in offerings was because some growers held their wool, in expectation of better prices.
Preliminary estimates by the Commonwealth Statistician (Dr. Wilson) indicate that the area sown with wheat for the 1938-39 Australian season will be at least 13,700,000 acres.
In New South Wales, he says, the acreage under wheat may be 4,550,000, an increase of 3 per cent. on last year's sowings.
Revised figures from Western Australia for the past season show an increase of 1,000,000 bushels in the estimated yield, bringing it up to 187,900,000 "bushels, an average of 13.7 bushels to the acre.
This was the highest average for the past five years. It was 2.3 bushels above the average for the past ten years. Last year's acreage was 500,000 less than the average for the last ten years, but the yield was about 25,- 000,000 bushels greater.
Total exports last year, including flour, in terms of wheat, were 85,016,- 105 bushels, leaving an exportable surplus at June 1 last of 54,662,162 bushels.
Text read from the printed page and cleaned; old type leaves the occasional error.