Business: Antipodean Wool

Romney March, Corriedale, Polwarth, Southdowns, Ryelands are not the names of Pullman cars. They are the names of Australian sheep which grow one-fourth of the world's wool, about 900,000,000 lbs. The U. S., Britain, France, Belgium, Japan, Germany are ordinarily big buyers of it.

When World War II broke around wool men's ears, Great Britain impounded the entire wool supply of Australia, plus New Zealand's 300,000,000 lbs. For four months Britain sat on her wool, while U. S. mills which need Australian wool for apparel and blankets fidgeted and watched their supplies run low. The spot price of wool tops climbed from...

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