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NIGH PRICEB OF WOOL. DISCUSSED BY WOOL COUNCIL. By Telegraph.—Press Assn.—Copyright. Received Sept. 7, 5.5 p.m. London, Sept. 5. The Wool Council discussed the high prices of wool and woollen goods. Mr. Goldfinch said that general supplies were ample, but the demand for merinos and floe crossbred* outstripped the supply The speakers agreed that the main causes of the high prices were tfie reduction of output of tops, and a world-wide': demand for best material for consumets was insisted on the most fashionable asjtf ■ scarcest types. Wools must be allowed to compute against ons another, but something should be dono In the Interests of reasonable, people, who only asked for good value.' A' Other speakerMssertsd that the only way to Increase the output of tops was to Induce combers to work Overtime. The Labor members of the Council wanted an Immediate compulsory standard of clothing scheme. The Council eventually decided to request the Board of Trade to promote a voluntary scheme, pending compulsory legislation.—Aus.N.Z. Cable Assn. PETROL MARKET. Received Sept. 7, 11.35 pn. New York, Sept. 0. Petrol Is unchanged. I
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Taranaki Daily News, 8 September 1919, Page 5
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182COMMERCIAL. Taranaki Daily News, 8 September 1919, Page 5
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