GERMAN CONTROL OF WOOLSALES
CONCERN CAUSED IN SOUTH AFRICA EXISTENCE OF FIRMS IN JEOPARDY (United Press Assn.—Telegraph Copyright) (Received January 13, 7.35 p.m.) LONDON, January 13. The Cape Town correspondent of The Times says Germany’s almost monopolistic control of the wool sales is perturbing British Continental and local buyers. > Durban reports a barter agreement under which Germany will take £4,000,000 worth of wool in 1939. This has enabled the Germans to close down or jeopardize four English and South African wool-buying firms, displace the dismissed-South Africans with Germans and discriminate against British shipping. German buyers do not compete with one another at the wool sales. One buys against non-Germans and distributes his purchases among his compatriots. Five German buying houses have been established in Durban in two years. REDUCED COMBING CHARGES STIMULATION OF TRADE EXPECTED (Received January 13, 5.5 p.m.) LONDON, January 12. Mr Edward Holmes has been reelected president of the Wool Federation.
The federation has agreed to the Woolcombers’ Association’s request to introduce rebates reducing combing charges, / which, it is believed, will stimulate trade.
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Bibliographic details
Southland Times, Issue 23716, 14 January 1939, Page 5
Word Count
176GERMAN CONTROL OF WOOLSALES Southland Times, Issue 23716, 14 January 1939, Page 5
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