Business: Surprise in Wool

What became of the wool shortage?

"There exists today in the Government stockpile of wool imported from Australia and South America a surplus bigger than any which has ever before existed in this country," the National Wool Growers' Association announced last week. "While the wool textile industry has been working at twice the rate it has ever operated before, available supplies of wool have increased threefold. Available supplies of all wool fabrics have indeed been so plentiful recently that some clothing manufacturers have actually canceled their orders."

Biggest reason for this surprise stockpile is...

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