WOOL FOR GERMANY.
THE EFFECT OF CONSCRIPTION. GOLD AND EXCHANGE RATES. /United Press Association—Copyright). (Received This Day, 11.15 a.m.) LONDON, March 19. The “Yorkshire Observer” says that Germany’s recent huge purchases of wool are undoubtedly connected with the plans for conscription. The wool industry is most sensitive to international events, and Germany’s action is likely to result in further repercussions.
Present exchange rates mean that gold standard countries buy wool absurdly cheaply from countries that are off gold. Germany’s action may encourage firms in gold countries to speculate in raw materials, particularly wool, as a cheap and safe investment of their funds, in the event of their countries abandoning gold.
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Ashburton Guardian, Volume 55, Issue 135, 20 March 1935, Page 5
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110WOOL FOR GERMANY. Ashburton Guardian, Volume 55, Issue 135, 20 March 1935, Page 5
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