JUGGLING WITH WOOL PRICE
Received Tucsilav, 10.,' 3 p.m. LONDON, April S. Fnited States delegates to tlie inter-nation-il wool studv group, won the iirst round of a struggle to raise the price of wool, says the Dailv Lxpress. Witli Hritish and Dominion delogate> opposing them, they earried a resolution tliat Hritain's £1(10,00(1,000 wartinie aceuniulal ion of wool should he included in a world pool with lixed niaxiinuiii and niininiuni prices. I'nited States' enthusiasm for tlie seheme arises froni the Anierieau Governnient 's anxiety to avoid a £(i,o00,000 sterling loss froni the sale of wool. Watlington, during the war, jironiised Anierieau farmers a ]>rice for their wool whieh is now 1'ld a pound ahove the niarket priee. The Anierieans have aceuniulated stoeks of wool amounting to £i)00,000,000. Hritain has redueed h v half the .1.000,000,000 pounds of wool whieh aeeuniulatcd during ihe war and Anicriean mamifaeturers have hecn anioiig the higgest huyers heeause thev found Enpiire wool ehea|ier tlian8 Amo-l-jean hy uil a pound despite a licavy tarifT.
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Chronicle (Levin), 9 April 1947, Page 5
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167JUGGLING WITH WOOL PRICE Chronicle (Levin), 9 April 1947, Page 5
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