SYNTHETIC WOOL.

Star (Christchurch), Volume LXVI, Issue 20363, 21 July 1934, Page 11

SYNTHETIC WOOL.

Germany’s Claims Doubted in England.

United Press Assn.—By Electric Telegraph—Copyright.

(Received July 21, 10.30 a.m.) LONDON, July 20.

Despite Germany’s vast resources for the production of synthetic fibre, trade interests here greatly doubt the practicability of replacing raw wool. The “Yorkshire Post” says: “Traders believe that Germany’s main purpose is to be impressive because she realises that nobody desires her absence from the wool markets. She is indirectly arguing for permission to buy wool at her own figure. Largescale synthetic manufacture involves an extensive alteration to plant, occupying a few years before it is in full swing. Meanwhile she could not eliminate external supplies, despite the financial position, because even if Germans accepted substitutes cloths there would be little prospect of regaining the export market with them. Germany requires an export trade for any real return to prosperity.” Commenting on Germany’s intention to limit wool purchases to countries buying from her, the “ Post ” doubts Germany’s position, to dictate. It says that she will probably have to buy from countries offering the best buying facilities. It is an open secret that Germany is already seeking credit facilities from some of the principal wool producing countries. Her buying influence may largely be determined by the nature of the extent of such facilities.