WOOLGROWERS' PROFITS
TWO YEARS MORE 01? HIGII PRICES. . ■ London, November 14. Business firms, as well as the official authorities, interested in the wool trade agreo in predicting that growers' profits will remain well above tho pre-war averaeo during tho next two years, whether ■ tho British Government attempts another (leal or adheres to the arrangement bv which its purchases will terminate in June. 1920. Tho war has left Continental Europe almost bare of home-grown raw material, and the absytco of tho Russian contribution leaves a great gap in tho normal sunnlv. Tho recoveiy of other countries has scarcely begun, but Europe must be clothed. The restoration of Continental manufacturing will happen long before thero is a local production of raw material on a large scale. French anil Belgian mills are resuming work strongly, and German and Austrian mills will soon follow, tempted by the readiness of consumers to pay high, prices. The rapid resumption of manufacturing largeiv explains tho extraordinary biddim.' at the latest wool sales—Aus.-N.Z. Cable Assn. ■
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Dominion, Volume 13, Issue 46, 18 November 1919, Page 10
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167WOOLGROWERS' PROFITS Dominion, Volume 13, Issue 46, 18 November 1919, Page 10
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