DEMAND FOR WOOL
PRODUCTION BELOW REQUIRE
MENTS
"It is recognised as anmnassailable fact that the production of wool, and especially merino wool, is not at present keeping pace with the world's requirements, and that the position is more likely to be aggravated than ameliorated in the future," says the Sydney Mail.
"Given normal conditions of demaud in. all wool-using centres, with wool going freely into consumption, the world markets are not yielding! the necessary volume," continues the article. "This is a regrettable fact from every standpoint, because it necossnrily means a 'vicious' circle' of years in which prices, through scarcity, are forced up and ultimately reach a danger point culminating in a slump. The importance of the question as to Whether wool production can bo increased becomes apparent, aud it is more desirable that this should be probed to its depths than that efforts should be concentrated upon eking out supplies and developing the demand for substitutes."
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https://paperspast.natlib.govt.nz/newspapers/PBH19280522.2.115
Bibliographic details
Poverty Bay Herald, Volume LIV, Issue 16651, 22 May 1928, Page 10
Word Count
157DEMAND FOR WOOL Poverty Bay Herald, Volume LIV, Issue 16651, 22 May 1928, Page 10
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