THE WOOL OUTLOOK
GERMANY AND SUBSTITUTES AH AUSTRALIAN VIEW Press Association—By Telegraph—Copyright SYDNEY, December 20. (Received December 20, at 12.45 p.m.) Air K. M. Niall, presiding at the Goldsbrongh, Mort Company’s meeting of shareholders, said the statement that Australia need not fear substitutes for wool were to he deprecated. “ Granted that to-day these substitutes are far from ideal, there is nothing to say that within a very short period science will not produce something containing the main virtues of wool as an article of clothing. The German Government is financially interested in these substituteproducing factories, and if Germany refrains from competing in the Australian market the effect on the value of our finer wools can be readily imagined. Immediate action should be taken in an endeavour to arrive at some mutually satisfactory trade agreement.” Mr Niall added that the wool market was down approximately 33 per cent, on the values ruling at this time last year. It did not seem likely that any material enhancement in values could be expected.
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Bibliographic details
Evening Star, Issue 21908, 20 December 1934, Page 8
Word Count
170THE WOOL OUTLOOK Evening Star, Issue 21908, 20 December 1934, Page 8
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