ARTIFICIALLY HIGH
PRICES ‘OF MERINO WOOL. GROWERS WILL SUFFER. Australian and N.Z. Cable Association. (Received March 1, 11.5 p.m.) LONDON, February 28. The action of the Australian woolgrowers (in limiting thqir offerings at wool sales) continues to excite bitter comment in Yorkshire, where, according to a Bradford correspondent, prophecies of a shortage of merinos caused many firms to acquire stocks which look very dear to-day. “The situation is aggravated.” he continues, “by woolgrowers carrying, the, .wool forward instead of meeting the market. The artificially high basis to which merino wool lias been unwarrantably forced has inflicted serious injury on the botany trade as a whole, and the damage Will not be easily overcome. Spinners, manufacturers, and- merchants have' suffered, and. strive as they may, woolgrowors cannot hope to escape scot-free. They helped to sow the wind, and, they must also suffer fsom the whirlwind.” .
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Bibliographic details
New Zealand Times, Volume LII, Issue 12076, 2 March 1925, Page 8
Word Count
144ARTIFICIALLY HIGH New Zealand Times, Volume LII, Issue 12076, 2 March 1925, Page 8
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