Instability In Prices For Fibres Found
BRADFORD (Yorkshire), November 5. A situation “almost of chaos” now existed in the price structure of synthetic fibres, the managing-director of the International Wool Secretariat, Mr W. G. Vines, said.
Such great instability had been created in the prices, discounts and rebates of the
innumerable brands, that no textile manufacturer who bought a particular type now knew what his competitor would pay for it a week later. Mr Vines, who was speaking to the Association of Exporters of Raw Materials and Yams of Bradford, said wool producers had been very much aware that they would have to face a future in which competitive synthetic fibres wouid be available to the textile industry at prices below that of wool. “What I think we did not quite expect, was that fibreproducing companies would embark to the extent they have on such an apparently intemperate programme of increasing productive capacities to the point where they have had to engage in unprecedented price battles with each other.”
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Press, Volume CVII, Issue 31520, 7 November 1967, Page 11
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169Instability In Prices For Fibres Found Press, Volume CVII, Issue 31520, 7 November 1967, Page 11
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