SYNTHETIC WOOL
IS IT A MENACE?
AN EXPERT’S WARNING.
COMPLACENCY DEPRECATED.
SYDNEY, Pec. 20
Mr K. M. Niall, presiding/ at the Goldsbrough-Moft annual meeting of shareholders, said the statement that Australia need not fear the substitutes for wool were to be deprecated. Granted that to-day these substitutes were far from ideal, there was nothing to say that within a very short period science would not produce something containing the main virtues of wool as an article of ciolhing.
The German Government was financially interested in these substituteproducing factories, and If. Germany refrained from 'competing in the Australian market the effect on the value of the finer wool's could be readily imagined.
Immediate aotlon should be taken In an endeavour to arrive at some mutually satisfactory trade agreement.
Mr Niall added that the wool market was down approximately 33 per cent on the values ruling this time last year, and it did not seem likely that any material enhancement in values could be expected.
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Bibliographic details
Waikato Times, Volume 116, Issue 19456, 21 December 1934, Page 7
Word Count
163SYNTHETIC WOOL Waikato Times, Volume 116, Issue 19456, 21 December 1934, Page 7
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