WOOL TRADE
STABILISATION SCHEME CRITICISED CONSUMERS' VIEWS Press Association—By Telegraph—Copyright LONDON, June 28. (Received June 29, at 10.20 a.m.) The . wool trade correspondent of the ‘Daily Telegraph’ cays: “ The consuming end of the trade has no patience with schemes like that proposed by .Sir John Higgins, the main point of which is that the users must pay the prices dictated by the growers. Australian growers have not marketed more than one unprofitable dip in the last fifteen years. Nob a single user in Britain, the Continent, or America desires that the pastoralists shall receive less than profitable prices, but all are of the opinion that merino prices can fall a further 15 per cent, and still give the growers a profit. Competent judges assert that the starting point of a world wool trade revival must be based
on sixties quality tops at 42d per lb in Bradford and Boubaix. Even this should pay the growers. At any rate it would pave the way to more profitable prices, ensuring renewed prosperity this season throughout the whole industry.”—A. and N.Z. Cable.
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Bibliographic details
Evening Star, Issue 18979, 29 June 1925, Page 5
Word Count
179WOOL TRADE Evening Star, Issue 18979, 29 June 1925, Page 5
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