THE WOOL SITUATION.

Taihape Daily Times, 28 August 1919, Page 5

THE WOOL SITUATION.

IMPORTATIONS INTO BRITAIN.‘ LONDON, June 30. ’ The chalt-man"l3t the Wool Council, Sir Arthur Goldfinch, stated ‘at the last meeting that the statistical posi-4 tion of Australian and New Zealand wool in Great Britain was quite Zasi, good as anyone could expect, and int’ dicated that the inflated prices paid at] the auctions were not justified and would tend"to rectify themselves. ~ In‘the five months ended May 31, 1,,270,.. 000 bales of Australian and New Zea...’ land wool, whichwas about half cfl one. '.VO3I"s exportable surplus from the two Dominions, had been received in Great Britain. which was probabljf more than had ever before been ilni ported in a. similar period The De-4 pal-tment intended to l-reep up the flow} of Wool from 'Australi:‘ and New Zea-< land at a rate somewl::_t in excess of, dc—liVerics, and British wool is now: Coming in rapidly, so that these stocks, although large, would probably show 9. considerable increase. Stocks 013 wool ill England, taken in bulk, were‘ amply sufficient for all round pul'p_:>scs, ‘and although the scarcity on the Continent was undoubtedly great, there was every reason to believe that T.-2_;n-land would be able to supply I‘e€lllil‘€' nlents quite as quickly as wool could be carried away and paid for. The chairman suggested that it might be necessary in the inllllcdiaté future to make arrangements for the sale of Government wool by auction in Antwerp as the best avai‘=ab‘-ei means of increasing the volume of distribution. More csper:ial‘.fv' 35 the 1119‘ ment Wl. approaching probablf ‘-"h“3' (;0,-,,,an}- w._'_\u{.\_ bgmmn entitled to ru ceive a -certain quantity of Aufiralian.» and New Zealazid Won]. He did Wo‘ much like the idea of diverting a pot’ tion of the business ‘tom British DOll9 to Antwerp, but they must face facts: and if British auction facilities had reached their limit Antwerp W 35 973‘ titled. both geographically and 9011*-' ically, to get the first call upon thd ‘ surplus business. ..