AUSTRALIAN WOOL
‘ THE TRADE ASTONISHED. AT .MR HUGHES’ PROPOSALS, (Australian and N.Z. Cable Assn.) LONDON, May 10. Mr Hughes’ wool scheme, lias surprised I lie wool trade and roused much discussion, particularly the proposal not lo hold a sale in London between September and May, which the brokers deeply resent, regarding it as an allcmpl, to eonlinue control for the longest possible dale. A lending Australian merchant lliinks tha I 11 1 e demand al tho Australian sales may be restricted by a shortage of buyers owing lo dear money and the difficulty of arranging credits, also the .shortage of shipping, bnl in any case the stoppage of the London sales can only have the effect of keeping up prices against Hie unfortunate public.
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Bibliographic details
Waikato Times, Volume 92, Issue 14362, 13 May 1920, Page 7
Word Count
124AUSTRALIAN WOOL Waikato Times, Volume 92, Issue 14362, 13 May 1920, Page 7
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