REFLECTION OF RISING SOCIAL STANDARDS

Gisborne Herald, Volume LXXV, Issue 22822, 17 December 1948, Page 6

REFLECTION OF RISING SOCIAL STANDARDS

(1.35 p.m.) ADELAIDE. Dec. 16. Dr. E. Booth, overseas representative of the Australian Wool Board and the retiring chairman of the International Wool Secretariat, who has reached Fremantle from London, said the rising social standard throughout the world was creating an increasing demand for wool.

America was using twice as much as pre-war and was importing three times as much. No other material had yet been produced with all the properties of wool. Eventually it might Be possible to manufacture something approaching wool fibre, but at present there was no indication of this and, in any case, it was bound to be a very costly, business. The price of wool had gone up from what was unprofitable to the grower to one ' that was remunerative but still not exorbitant. Compared with the averages for the five years before the war the price of wool had increased less than the average' for all raw commodities. BRADFORD TOPS PRICES (11.30 a.m.) LONDON, Dec- 16. Bradford tops quotations are: Merino. 70's 1"'d: 64’s 1'0d: 60's, 105 d. Crossbred, 56's, 67d; 50‘s, 44d; 4G’s, 41d.