PRICES WILL NOT LAST
AUSTRALIAN WOOL RATES GRAZIERS’ WARNING (10 a.m.) MELBOURNE, Dec. 6. A warning that the present high prices being paid for Australian wool would not be maintained, was given yesterday by the secretary of the Graziers’ Federal Council. Mr. J. W. Allen, before the full Arbitration Court during the hearing of the basic wage case. Mr. Allen said that primary industry costs, including wages, should be controlled in accordance with the longterm average of oversea prices and not raised merely because there seemed to be some prospect of high overseas prices for a little while.
Mr. Alien said that record high prices, which ranged to 99d per lb., were for superfine wool, representing only 6 or 7 per cent, of the crop. Record’prices were paid for only small lots. The average price of wool up to September had not been higher tlinn 2RI per lb.
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Gisborne Herald, Volume LXXIII, Issue 22197, 6 December 1946, Page 3
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148PRICES WILL NOT LAST Gisborne Herald, Volume LXXIII, Issue 22197, 6 December 1946, Page 3
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