FUTURE OF WOOL
GROWERS ADVISED TO SELL. Australian producers would be well advised to sell their wool on the present market, instead of holding it in the hope that prices would increase, said Mr. J. M. Niall, chairman of directors of Goldsbiough, Mort and Company, Limited, on his return to Melbourne after a business visit to London. While in England, Mr. Niall found no indication that wool prices would improve. There was, he said, a constantly fluctuating demand in England for Australian wool, but his observations gave him no reason to believe that there would be any material or permanent increase in prices. Mr. Niall added that while he was abroad he had had an opportunity to examine artificial wool recently placed on the English market. Although there was a little demand for the artificial product, it was no Teal rival to genuine wool. Temporarily it was influencing sales of wool, but in the long run its effect on the market would not be great.
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Auckland Star, Volume LXVI, Issue 55, 6 March 1935, Page 4
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165FUTURE OF WOOL Auckland Star, Volume LXVI, Issue 55, 6 March 1935, Page 4
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