AUSTRALIAN WOOL
DEPRESSED PRICES. BELOW COST OP PRODUCTION. (United -Press Association.) (By Electric Telegraph— Copyright.) LONDON, September 29. Mr Parker Moloney (Federal Minister of Markets) conferred with Mr Devereaux, who toured the Continent, including France, Belgium, and Germany, and found nothing to lead him to believe that the stocks of wool were likely to be a factor in depressing prices. Mr Moloney said that the recent 1 reports of the sales from Australia did not appear in any wise satisfactory. The present system of rationing the market was on trial. The question naturally arose whether the world wanted Australian wool. Even so, it was clear thatAustralia could not coutinuc to sell at prices below the cost of production. He was watching the whole position very closely.
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Otago Daily Times, Issue 21145, 1 October 1930, Page 7
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126AUSTRALIAN WOOL Otago Daily Times, Issue 21145, 1 October 1930, Page 7
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