WOOL MARKET.
“BAWRA” SALE CANCELLED. THE SCHEME CRITICISED. By Telegraph.—Press Assn.—Copyright. Received April 11, 11.10 jp.m. London, April 11. The “Bawra” wool sale fixed for Antwerp on April 22 has been cancelled. The Daily Telegraph, commeinting on the failure of the auction, x says it was evident from the very first what would happen. The association was now in a worse position than ever. It was high time Sir Arthur Goldfinch (Director of Raw Material) and those co-op-erating with him realised it was useless to dictate to the trade, and that a combination representing almost exclusively growers’ interests can never be successful. It is regrettable that the wool interests have suffered so severely, but that is the natural result of the operation of the law of supply and demand. The fact that bankers insist on the sale of free wool on which they made liberal advances indicates that the trade will continue to be adequately supplied with raw material.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 12 April 1921, Page 5
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161WOOL MARKET. Taranaki Daily News, 12 April 1921, Page 5
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