WOOL SHORTAGE

Wairarapa Age, 18 November 1919, Page 5

WOOL SHORTAGE

GROWERS* GOOD PROSPECTS

DEMAND AND HIGH PRICES

(By Electrio Telegraph.—-Copyright.) (Australian-N.Z. Cable Association.) London, Nov. 14. Business firms, as well as the official authorities, interested in the wool trade agree in predicting that growers' pre fits will remain well above the pre-war average during mo next two years, whether the British Government attempts another deal or adheres to the arrangement by which its purchases will terminate in June, 1920. The war has left Continental Europe almost bare of home-{|own raw material, and the absence of the Russian contribution leaves a gre.*, gap in the normal supply. The recovery of other countries has scarcely begun, but Europe must be clothed. The restoration of Continental manulacturmg will nappen long before tttere is a local proau(K«wo of raw material on a larga scale. French and Belgian "mills are resuming work strongly, and the German and Austrian 'will soon follow, teronted hv tha readiness of consumers to pay high prices. The rapid resumption of manufacturing largely explains the j extraordinary bidding at the recent wool sales.