AMERICAN WOOL SUPPLIES
AUSTRALIAN AND N.Z. CLIPS EXTRA PROFIT FOR PRODUCERS. Received Oct. 29, 6.30 p.m. NEW YORK, Oct. 28. Indicating American concern at the wool position, the American Woollen analyses at length the British purchase of the Australian and New Zealand clip, stressing the trade's confusion. It adds that the Australians, apparently, are willing to sell to Britain their clip on an agree basis for patriotic reasons, but only the wool used by Britain or the Allies, wool shipped elsewhere being priced above the base and half the profit going to the producers. The flat price, therefore, does not indicate the future United States price. The universal feeling in the trade is that Britain will consider the prevailing market conditions when announcing the price.
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Bibliographic details
Wanganui Chronicle, Volume 83, Issue 256, 30 October 1939, Page 8
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125AMERICAN WOOL SUPPLIES Wanganui Chronicle, Volume 83, Issue 256, 30 October 1939, Page 8
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