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Newspaper
Goomalling Dowerin Mail
Location
Goomalling, Western Australia, Australia
Date
Aug 08, 1919
Page
2
The Minister of Trade and Customs defends the sale of 1918-19 cornsacks amid farmer protests. He says sacks were offered for weeks and sold at prevailing prices, with Calcutta market trends cited. A public inquiry demand grows as cooperatives question selling methods and price fixing.
The article details how curtailment boosted prices for inscorn sacks in Calcutta and enabled speculators to profit vastly from Australian carry over stocks. It notes sacks bought at 84s a dozen rose to 138s 6d, yielding an estimated £140,000 gain, while 600 bales remain unsent to Australia. Cooperative firms previously aided farmers but are now sidelined from next season's market. An inquiry is urged to clarify supplier terms and payments.
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