WOOL POSITION.

Taihape Daily Times, Volume XI, Issue 3434, 13 March 1920, Page 7

WOOL POSITION.

SlGl\'ll"l(f'.»\.\"l.‘ C.»\BIi.EGRAM'S. U In.\l,.\llaßs'l?oN, l\larell .11. | Al :1. rnetmng oi‘ .<lrareholders of the t Furniers’ l)isl!ributing Company, the‘ following cable 11ie.<u.-ages were I'eud.[ They were not, until now, public pro-| perry at the I'equest of the coxnpan_y:! The Prime Minister (lL“o‘L)Z‘.lCllL‘(l the. following cable:——Direetor of Raw‘ .\l:lterial, England: Dominion ‘wool-c growers, banking. zlnil lin::r.e ui Ins": furious, and wool-lJl'ol{el's' gI‘GL‘-.il‘.‘ enneerued regarding -the position -on re--turn to free market conditions for wool, While it is hoped your pub lished forecast that all wool purclizrsed on behalf of 41116 IlmL)cri-al Gm‘ernment will be shipped lienee ‘Dy .'-llst December next. will be re-.llisc(l. and .relief thus afi'orded will be fully; appreciated, it is rec-ogniseil that this‘ does not eliminate all dangers as regards tlieeoming clip, 1920-21. It is feared that unless al'r:l.ngexne:lt.< can be made whereby the large aoeumulzr V tion of wool on account of the Imperial Goverxmient is pl'e\'ell'feJ fl'0lT". coming into umlue eompefilion with itlle eoming elip, gl':l\;'e r_-,r>nxpl‘.eufiox'.:: ‘will arls<‘. resulting‘ in '~ .\'e“iml.~‘ I’-ill in Values and e(>n.<eqlle2lt finunr-ial eriihzri-russlllellt to wool slU‘~‘~'9l'S 31‘-ll ilw .\'r\r 7.r-:xl:1ml (}:_n'-.~r'n:nonf. l irusf you will formulate some .~‘elleme ;sro\'i(ling' protevfion to all (-ouC'er:le(l in the wool’ irrrlristrxj on H1i~: .~:i«le l\\'hi<-.h I (3311 Submit, -for ('o.nfl.rnmtion ll here. i ()n ]<"ebru:n'.\' Will the l)il'et.'tor OF P.:r\\' '.\l:lt'eri:il.< replied: Your t-‘.«ll>le ‘;1:1~‘ had our C:1r«-ful attention. ()\'.':rrg‘ to the ,q'real tl(=l:r\'S in tlll'nin}: rounrl .~'i‘G2l‘.llL‘l'.\‘ and owing to the Sllippirr;' (_'onh'oller having‘ diverl‘erl .<pru3.e from wool to wl1e:1l'_, it‘ will he rlillierilf for me to maintain shipnlents On ,:1 suf‘fieiently large scale to lift all Government: wool this year. However, we will make ever_\' efl.’ori' to do so, :in..l in ..'lr.y case redu<-e the carry-mer to the smallest possible quantity. We agree that the position of the growers of new wool depends principally not on

wll<‘t}w:' tho Go\‘<‘l'lnncnt _<lll-lbylmgi stored in New '/walzixld, but on thvi total quantity left nnsu]d_ and ! m‘rangonlcllts Inudo for the <!i.<pus2ll of I it‘. You .nvo<l not: hi!‘-‘O any f,'c;n' wé g:H'(lin;_-; mun] t'r-$221 ~IN',- H!~,\\val~dg_? 1,-;hil-)1 will E:-A I(';l\§."s__\' .~'uL’z 211 :: guotl; profit, almost as x'o:1(1ily as Hwy Wmei fn 1:-and. F(>:'l_V-sixvs an? in “r'aix'l_\'§ f_;‘Ood «lnxnmnl :11 }n'i('vS .<lm\\'ing \'m"\'; H ‘£lo m:‘rQ‘Ezl o‘\'v“ :".'\;>x':liS:~nw;~_+ \..\lgl ‘\.\'.- 513:5: Hl2l. nu; .~‘ul'plu.< m ;1»_,- .-mg; of the _vpar xvill px:»l»:1bIj.' bu \'(\l-\' 11:,‘ 1-1:‘. am] munl net o:lu.<<‘ .‘<<-‘l'imls I «on-i corn. WOOI below -I«.(S's is svlling _;;l(T,“._ i ly and poorly, in spite of being I'('lEt-Q tively so much cheaper than finer‘ won]. I do not think that I'edn<-.in;;‘|_ mu‘ selling‘ limit" be}-ow thu oqul\-;.1(.,,yi of tho :Ippl'ais(?‘.m‘n{ }»l'i<'u.~‘ would 511]» I: Sifanti:lll_v ill-creasc) our s:\':<;'q_ 1:;!lu.~'<. the demand m:1f(-‘1'ia11'\' 'fnlpl‘o\'¢\s.l ’.l‘h(-I'o will In.‘ 21 con.<id(>l':ll)l<~ sx[l~p‘.ug mg’ t (zoilrso (-rOSsbl'('ds. both Nmx‘ Zr-a];u~,d ; and .-\ust2-alia, c:n'l'ied(.-\'er;lt f‘;lr=: end of the year, at which time we e);- w post 0111' surplus sto::k:—- will .-0n.~1_.-3 ‘alnmsf ont'i2'C]_\' of HIOBO low }_§l':l,./{(‘S.A U]}l(‘:~'s you have sumo sll§,:gosfinn.~' 10] make, IH)fllill,Q‘ is to bu .‘lmw }»ur in! confinun on the present lim‘\.<_ _\-u_lpl>,l'\'-} ing_'_' Hun m:n‘k«".‘ }':'f“<*]_\' with -1-'.'<wjv ;:r:u‘.(\ 01' wool, but; 1101 Zlfit‘-111[»!i11_q 10 ‘FOII-(‘ \'.'<>oi into .~=pw-'.'.l:lli\‘<= h;m'l.~' In.‘ cutting prices! Jcf um)opular gm(h>.< s(‘\'(‘l'(“_}’. I’ :~:.ha11 ‘lrv 9,1111, six :\:0I:112E; hfincv‘, \\'h<'n HlO sit"l:ltiml 11:13 (1:-vv]r»}»~ If-:1 ‘r‘nl'thor. for :I_:.:'l‘N‘ \\‘3lh _\'nu my nngc I’~Fl:=iM;\ ])]:}]l fur (~mnhinnd :Ir":rm__ YO-1 1104941 not fvar our :11'fox11;»tix1_t_1' to 'r'(:r«-«I salm by :"_lt‘ting px'i<‘<';-2 \':il'lmlit <'-«w_— :~‘nH:lfi(m \\'iHl _‘»'ol‘..