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Newspaper
Longreach Leader
Location
Longreach, Queensland, Australia
Date
Apr 18, 1952
Page
4
The London Wool Brokers Committee reports that international trade contraction and reduced consumer spending are depressing textile markets. Despite overproduction, sales may clear by year end if trade revives, with October typically strong for wool textiles.
More than 500 rams have already been booked for the Ram Sales on 1 May. President T. J. Pyne reported yards will hold eleven studs: four in New South Wales and seven in Queensland. NSW entrants include Downs Terrick Terrick Minnie Downs and Btrathdax with high figures. average price near £38 19s 2d per end. Rams arrive from 2th A and stay at Show Grounds. new sales office built at the grounds. A southern auctioneer again conducts the sale with several wool firms and interstate studs expected.
Australia reports eight months to February 1964 with 126 615 000 lb of greasy wool sent to the United Kingdom valued about 3d per lb less than the prior year 185 416 000 lb. The UK remains the largest buyer with 89 864 000 lb through February 29 1962 versus 88 425 000 lb in 1950 5. US shipments total 88 940 000 lb and 69 294 000 lb for the respective periods with Belgium and other nations showing gains. Queensland shipped 85 584 000 lb valued at £33 614 000 to February this year compared with £40 519 000 previously.
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