THE GERMAN WOOL DEAL.

Taihape Daily Times, Volume XI, Issue 3518, 3 July 1920, Page 5

THE GERMAN WOOL DEAL.

PROBABLE EXPLOITATION. LONDON, July 1. A well-informed Auglb-Australiau, giving ins view on the German wool deal, states that it probably represents a characteristic deal on the part of four or live Yorkshire firms, who foxseveral years was associated financially with large transactions. They include a millionaire who recently attracted much attention by big deals in the wool trade and war material. The millionaire owned two woollen mills in Germany before the war. He and some financial associates recently re turned from Germany. There is no reason to believe any single deal in wool arhounting to four millions &ter ling, but it is well known these firms have been largely buying between auctions for some months. Apparently they have now decided to se’nd their accumulated stock of raw material to Continental factories. In addition to realising extra profit by utilising the exchanges and industrial conditions abroad, they will have the enormous advantage of getting early delivery of manufactured ' goods months before people who have orders with fully occupied English, factories. Speedy delivery will confer a special advantage on a falling market. PRESIDENTIAL ELECTION.

DEMOCRATIC NOMINATIONS

NEW YORK, June 30

A New York correspondent at San Francisco says: Speeches placing aspirants’ nomination began to-day. The following names were offered: Messrs Palmer, Cox, Edwards, Hitchcock, Gerard, Down, Davis, and Cummings. Mr McAdoo{s name was not offered owing to his request, reiterated today, that it should not be, presented. It is pointed out that he can be nominated without formal presentation. Ballotting will probably begin to-mor-row, after the platform, which has beep virtually agreed upon, is framed and, is adopted by the Convention. It i s understood the Administration forces have formulated a platform along lines which President Wilson desired. Mr Bryan has had no success with his League of Nations and Prohibition planks. It is asserted he has appealed directly to delegates for the inclusion of these planks, but it is not expected he will succeed. MR McADOO NOMINATED. Another message states that in one of the shortest nomination speeches on record Dr Jenkins (Kansas) placed Mr McAdoo in nomination,, assuring delegates that Mr McAdoo would accept, if drafted. NEW DEMOCRATIC PLANKS. SELF-GOVERNMENT FOR IRELAND. Received 9.5. SAN FRANCISCO, July 2. It is understood the Platform Committee have adopted a plank under which the Democratic Party expresses its sympathy with the aspirations of Ireland for self-Government, and pledge such action in the matter as would be consistent with international comity and usage. After the session lasting little more than an hour, when Senator Simmons, of North Carolina, Harris, GovernorGeneral of the Philippines, and Mr Glass were placed in nomination, the Convention adjourned, and will resume its sittings this evening, when tho platform will probably be announced. vUi Is texpccted will a.ot begin until Friday. 'Representatives of Irish societies who desire inclusion of the plank in the platform favouring recognition of the Irish Republic, held a stormy meeting, at which it was decided that a committee of two should visit each presidential aspirant. and determine whether he favours the inclusion of such a plank.

TUB DEMOCRATIC PROGRAMME. Received 10.20 a.m. SAN FRANCISCO, July 2. The Democratic platform submitted to flie convention is silent regarding liquor. It demands the prompt ratification of the League of Nations, minus the nullifying amendments and accepts reservations specifying American obligations. It expresses sympathy with Irish aspirations, and rejects the Armenia mandate proposal. It supports a plan to aid war veterans to secure farms and homes, and is sympathetic in its attitude towards the labour and agriculture interests and female suffrage. It endorses Mr Wilson’s policy in Mexibb. Mr Bryan plans to offer Additional planks enforcing prohibition, denouncing profiteering, and favouring Government ownership of railways.