Teutons Monopolise S. African Wool Sales

Northern Advocate, 14 January 1939, Page 8

Teutons Monopolise S. African Wool Sales

(Received 10 a.m,)

LONDON, January 13.

Germany’? almost monopolistic control of the wool sales is perturbing British, Continental and local buyers at Durban, says the Capetown correspondent of “The Times.” The barter agreement, under which Germany takes £4,000,000 worth of wool in 1939, has enabled the Germans to close down or jeopardise English and South African wool buying firms, replace dismissed South Africans with Germans and ; discriminate against British shipping; German buyers do not compete with one another at the wool sale. One buys against .the non-Germans and distributes the purchases among his compatriots. Five German buying houses have been established in Durban in the last two years. ;