THE WOOL MARKET.
EFFECT OF STOPPAGE OF SALESBy Telegraph.—Press Assn Copyright. Received May 11, 8.15 p.m. London, May 10. Mr. Hughes' wool scheme has surprised the wool trade, and roused much discussion, particularly the proposal not to hold sales in London between September and May, which brokers deeply resent, regarding this as an attempt to continue control to the longest possible date. A leading Australian merchant thinks the demand at the Australian sales may be restricted by a shortage of buyers; owipg to dear money and the difficulty of arranging credits; also the shortage of shipping, but in any case a stoppage of the London sales can only have tne effect of keeping ilp prices against the unfortunate public.—Aus.-N.Z. Cable Assn- •
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Taranaki Daily News, 12 May 1920, Page 5
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121THE WOOL MARKET. Taranaki Daily News, 12 May 1920, Page 5
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