WOOL ANNOUNCEMENT
AMERICAN TRADE WELL PLEASED " INDUSTRY CAN PROCEED CONFIDENTLY " Pres* Association—By Telegraph—Copyright NEW YORK, December 17. (Received December 18, at 1.30 p.m.) Mr Arthur Besse and Mr M'Clyde Moore, president of the Boston Wool Trade Association, in a joint statement on the wool announcement, say it is most welcome to trade generally, and expressed the opinion that it will have a highly constructive influence._ “ Our analysis is that the industry can proceed confidently with an allotment of 75,000,000 bales, the equivalent of 12,000,0001 b of clean wool, and a small quantity to supply the United States industry until the new domestic markets are available in May, June, and July- It should be realised that some time before Australian wool was available the mills were informed that there was no possibility that the British authorities would offer lower prices,” they state. ;
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Evening Star, Issue 23452, 18 December 1939, Page 7
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141WOOL ANNOUNCEMENT Evening Star, Issue 23452, 18 December 1939, Page 7
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