PRICE OF WOOL
INCREASE IN BRITAIN SURPRISE FOR INDUSTRY (United Press Asn* —Elec. Tel. Copyright) LONDON, Sept. 21 The action of the Wool Control in increasing prices for wool surprised and astonished almost the entire industry. The bulk purchase of the South African clip meant that the United Kingdom would receive double its normal annual consumption of wool. It was taken for granted that the issue prices would be lowered, especially as all reports from South America emphasised the disadvantageous effect which high prices are having on British endeavours to expand exports of textiles. Business in the North actually has been held up because of the belief that lower prices were in prospect. However, the corresponding increase in export issue prices means that foreign manufacturers who are buying wool from Britain will suffer to the same decree. Furthermore, foreigners will not be given the advantage of having raw* material costs guaranteed for a long period ahead.
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Waikato Times, Volume 127, Issue 21225, 23 September 1940, Page 2
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156PRICE OF WOOL Waikato Times, Volume 127, Issue 21225, 23 September 1940, Page 2
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