SALE OF WOOL

Dominion, Volume 13, Issue 238, 2 July 1920, Page 7

SALE OF WOOL

GERMAN AND POLISH FACTORIES BRITISH MANUFACTURERS ACQUIRE INTERESTS By Telegraph-Press Assoolatlon-Oopyright (Rec. July 1, 9 p.m.) London, June 30. The Australian Press Association learn 9 that trade circles are inclined to believe that a sound basis for the report Of the sale of four fflV.lion pounds' worth of wool to Germany is possibly to be found in the fact that British manufacturers have acquired an interest in German and Polish factories, in ihe belief that they can utilise the trade conditions existing in the&o countries and the rate of exchange in oftlef to bring manufactured goods back to England and sell at a greAter profit. Such a scheme was contemplatedin February, but did not reach fina.ity. It is known, however, that English manufaohirera recently visited Germany and Poland with a view to acquiring factories. At the Bradford wool sales practically the entire offering consisted of sorts suit- ?! I? t ol ' Continental! trade. Very little interest was shown, and there was no competition. Seventy-five per cent, of the offering whs withdrawn. Prices were unchanged.—Aus.-N.Z. Cable Assn. SALE NOT MADEFY GOVERNMENT.

London,. June 30. Sir Arthur Goldfinch, Director of Raw Materials, commenting on the iiintOurs of the sale of ,£4.000,(HK) worth of wool, states that no important ale of Government wool outside the auctions lifts bten made for months, neither do any arrangements exist, nor is it contemplated selling to Germans thnMlgh individual firms. It ie open to all buysra to send to Gethiahy on .their OWn account and risk.— Aus.-N.Z. Cable ASsrt. (KeOi July 1, 9 p.m.) London, June SO. Sir Arthur Goldfinch says that existing instructions provide that wool withdrawn from mictions may bo sold at or above the reserve auction price. Such stiles odcliited on a eeinsluerabfo scalo early in (he year, mainly of low crossbred®. . An exceptional quantity (■{ such wool is now available owing to recent withdrawals.—Aus.-N.Z. Cable Assn.