WOOL CONFERENCE
OPENED AT BERLIN
(United Press Association —By Electric Telegraph— Copyi ight).
BERLIN, June 6
The wool conference was opened. M. Maurice Dnbrullc in his presidential address said the market may be considered sound 'because it has not suffered any artificial manipulation. There were two disturbing actors influencing prices. Firstly, the policy of certan countries preventing the flow of capital abroad had invoiced the suspension of buying raw materials, and when prohibition was lifted buying would be resumed on a large scale, raising the values beyond reasonable level,
Secondly, countries whose monetary position was being attacked were forced to protect their own interests, and convert their credits into goods, risking purchases in excess of normal reouirements. It is a sign of the tim (h Prices to-day are not determined by the ordinary economic law of supply and demand but by other external impediments.
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Hokitika Guardian, 7 June 1935, Page 5
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144WOOL CONFERENCE Hokitika Guardian, 7 June 1935, Page 5
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