EXPORT OF RAW MATERIALS

Evening Star, Issue 21992, 30 March 1935, Page 15

EXPORT OF RAW MATERIALS

FRENCH VETO COMES INTO OPERATION last-minute rush to secure supplies Awocistion—By Telegraph—Copyright LONDON, March 29. (Received 30, at 10 a.m.) The Paris correspondent of the ‘ Daily Mail’ says that the ban on the export of raw materials, including wool, operated at midnight and was preceded by terrific last-minute efforts to obtain supplies, especially by German buyers, yho offered almost any price, paying cash clown. French wool syndicates protested against the decree, declaring that it would inevitably cause The chief, objection is that it prevents exports not only to Germany, but elsewhere. , INCREASED PURCHASES INDICATED LONDON, March 29. ■ (Received March 30, at 11 a.m.) The ‘ Yorkshire Observer’ says that, it France’s wool stocks are so low that the Government feels that it must ban their export, there is every likelihood cf increased French purchases in the primary “world markets, thus hardcuh©”^Yorkshire• Post’ declares; The wool position is probably stronger than is generally believed. Visions of largo stocks available in the primary markets and an inadequate .Continental support obscure more positive'facts, such as the _ sustained and heavy' rate of consumption of the British, which is nothing short of remarkable.’.’ . ~ ■ -