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THE DOLDRUMS
S.A. WOOL MARKET :'
COMPETITION ABSENT . .
CAPETOWN, Monday.- The
fouth African wool market is in
he doldrums; Competition is'
ompletely absent at the auctions:
nd many sales have been aband
ned owing to lack of support.
he principal difficulties are disa
ment Ibetwecn French liuyers0,
ilhts, and the fact that Germany ;is
llc to operate owing to finarcial:
he position has become so' seri
that conversations arc beigng held
Pretoria between the Prime Mlin
r, the tlinister for Finance anrid
oan Consul General regarding thle
Ablleltiment of credit 'facilities" to
ile fierman to. puirchase t South
caiwool. ItIs. l.unaerstood a that
alon l aoveornment has' made cei'
preconsals to Gernlany, and .the
Ic Is'ltow awaited from the t Geli
SGovbrnmcntt.
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