DRASTIC ACTION
OPINION IN SYDNEY
BROKERS TO CONFER
SYDNEY, May 28.
The report that Japan has decided to reduce her annual taking of Australian wool to 250,000 bales by buying in South Africa and New Zealand is regarded ;as drastic in wool circles at Sydney, but it is contended that buyers from other countries who operate in South Africa and New Zealand will be compelled to transfer some of their obligations to Australia, as supplies in any quarter cannot automatically be increased.
. It is also argued that if Japan buys more "extensively in Africa and New Zealand she will find it necessary to change the class of fabrics she chiefly produces. Top-making wools will mainly be affected by the Japanese decision to boycott Australian" wool. The fact that the Japanese do not propose to attend the June auctions in Melbourne is not regarded very seriously by wool-buying brokers, who are to discuss the whole question of trade with Japan early nejct month.
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Bibliographic details
Evening Post, Issue 126, 29 May 1936, Page 9
Word Count
162DRASTIC ACTION Evening Post, Issue 126, 29 May 1936, Page 9
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