BRITISH WOOL PRICES.
RISE SURPRISES INDUSTRY. LONDON, September 22. Hie action of the Wool Control in increasing prices for wool surprised and astonished almost the entire industry. The bulk purchase of the South African clip meant that the United Kingdom would receive double its normal annual consumntion of wool. It was taken for granted that the issue prices would be lowered, especially as all reports from South America emphasised the disadvantageous effect which high prices are having on British endeavours to expand exports of textiles. Business in the north actually has been held up because of the belief that lower prices were in prospect. However, the corresponding increase in export issue prices means that foreign manufacturers who are buying wool from Britain will suffer to the same degree. Furthermore, foreigners will not be given the advantage of having vr-w material costs guaranteed for a long period ahead. Increasing quantities of home-grown supplies have seriously affected the market for imported apples. Prices are described as ridiculously low.
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Auckland Star, Volume LXXI, Issue 226, 23 September 1940, Page 4
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166BRITISH WOOL PRICES. Auckland Star, Volume LXXI, Issue 226, 23 September 1940, Page 4
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