GERMAN WOOL STOCKS
A SERIOUS SHRINKAGE EXPORT DIFFICULTIES LONDON, Oct. 18, , The Associated Press correspondent in Berlin says a serious shrinkage in German wool stocks, owing to inability to obtain foreign exchange to pay for the imports, is shown in the German Wool Trade Association statistics, which disclose that the stocks of combed materials, chiefly crossbreds, held by five German combing works decreased during September from 4,508,000,0001 b to 4,028,000,000 compared with 10,263,000,000 held in September, 1935. The scoured wool held by 10 German scouring works decreased during September from 4,503,000,000 pounds to 4,244,(100,000, compared with 8,226,000,000 held in September, 1935. The fal) consisted chiefly of 2,125,000,0001 b of crossbreds. It is problematical whether Germany will be able to replenish her stocks under the present circumstances, but five large cellulose wool factories, which are the starting point of both synthetic wool and cotton, recently have begun operating, with a sixth building at Seigburg. They aim at an output of 80,000 tons of cellulose wool a year by the end of 1937, which will be enough in an emergency to cover half Germany’s needs in wool.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19361020.2.72
Bibliographic details
Otago Daily Times, Issue 23016, 20 October 1936, Page 9
Word Count
185GERMAN WOOL STOCKS Otago Daily Times, Issue 23016, 20 October 1936, Page 9
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in