The Relocation of the Market for Australian Wool, 1880-1939

Citation

• Ville, S. (2002). The Relocation of the Market for Australian Wool, 1880-1939. Retrieved from http://business.uow.edu.au/econ/who/index.html

Web Of Science Accession Number

Type Of Work

• Scholarly edition

Abstract

• Between the 1880s and 1930s the international wool auction market

  shifted decisively from Britain to Australia. A series of historical developments

  altered the efficiency criteria for the existing institutional arrangements,

  notably the growing international dominance of Australian wool production, the

  evolution of the small grazier, the geographical diversification of demand,

  and improved international transport and communications. Central to this market

  shift was the role of large pastoral agent firms based in Australia who employed

  their local knowledge, producer contacts, and trade specialisation to reduce

  costs. Australian graziers benefited from local market signals and quicker

  sale realisation. Overseas buyers increasingly came from outside Britain, and

  their contacts with Australia were aided by much improved long distance

  shipping and telegram communications.

UOW Authors

•   Ville, Simon

Publication Date

• 2002

Citation

• Ville, S. (2002). The Relocation of the Market for Australian Wool, 1880-1939. Retrieved from http://business.uow.edu.au/econ/who/index.html

Web Of Science Accession Number