OCR Text |
Show Australia's Wool Clip. The past wool season in Australia has been a highly profitable one, and not only have prices been satisfactory, but the clip is the largest on record. It is estimated that during tho season 1,485,-000 1,485,-000 bales were exported, againetl,S85,000 in 1888-9, and 1,315,000 bales in 1887-8. A competent authority estimates that the total value of the clip at Australian ports was about 38,000,000, against a little over 81,000,000 for 1888-0, and about 17,500,000 for 1887-8. The squatting squat-ting companies and the banks, which are largely interested in stations, have during the last two years been able to materially strengthen their position with respect to the pastoral industry. - There is every prospect that, owing to the vast-ness vast-ness of the improvements made on the runs, especially in the storage of water, the industry will suffer fewer vicissitudes vicissi-tudes from drought in the future than has been the case in the past, and that the production of wool will steadily prowess. Dry Goods Chronicle. |