LATE NEWS

New Zealand Times, Volume LIII, Issue 12605, 16 November 1926, Page 8

LATE NEWS

EVERYBODY AFFECTED NATIONAL INCOME REDUCED SHEEPFARMER’S COMMENT. Per Press Association. MASTERTON, November 15. In commenting on to-day’s wool sale in Wellington, Mr W. B. Matheson, a prominent farmer, said:—“At Hastings to-day a Labour organisation handed to the Press a resolution recommending the Alliance of Labour to ask British workers not to purchase New Zealand meat, as it is being produced by ‘black leg’ labour. The truth is that the average sheep-farmer iu New Zealand is earning smaller wages than the (butchers, who are declining to help New Zealand to keep busy. In Wellington to-day typical wool fetched 2d a pound less than last year. This not only means reduced wages for the sheep-farmer but a loss to New Zealand of millions of income, as compared with last year, when the prices realised were below the cost of production in many cases. “These two items of news are of serious import to everyone in . New Zealand, for if export falls seriously below last year’s totals there will not be the incomings to enable tile average citizen to maintain his present standard of that the man in the street will qui-4-ly become aware of the true position, so that further losses may be guarded against.” MARKET ¥rMJN SYDNEY CLEARANCE SATISFACTORY B'* Telegraoh.—Prp«s A -sv—" ‘i nvr - --1 >t. (Received November 15, 11.15 p.m.) SYDNEY, November 15. The sixth series of wool sales ended to-day. The market ruled very firm at the best rates of last week. There was good general competition, and satisfactory clearances were made at unchanged levels. Greasy merino sold to 26)(1.