THE WOOL SITUATION.

Taihape Daily Times, Volume XII, Issue 3653, 15 December 1920, Page 5

THE WOOL SITUATION.

THE REALISATION PROPOSAL. CRITICISED BY YORKSHIRE PRESS. * Received 10 a,m. LONDON, Dec. 14. ( The Yorkshire newspapers continue to fiercely criticise the wool • realisation proposal. > > The Yorkshire Post says the Aus : tralian suggestion to have sold back two million bales at a considerably lower price than was paid to them in order to solely advance their own interest in the attempt to corner the wool market is regarded as anything but a modest proposal. Wool traders here hope that the future of our wool and textile industries will not bo jeopardised merely to enable the woolgrowers of Australia to maintain a price for their raw material on a preferential basis as compared with values at other sources of production. The Australians have sold their wool and must abide by their contract.

The Post adds; Other traders are sustaining heavy losses because values have moved towards a reasonable basis. The woolgrowers of Australia have been paid a flat rate at which they were glad, to sell during hostilities. It is only reasonable that they should now help to restore confidente in a revival of business by ,'etcing wool find its economic basit.

BRISBANE WOOL SALES, FRANCE AND JAPAN BUYING. Received 12 Noon. BRISBN&, This day. Japan and Prance are the main competitors for good wools. Prices are ten to fifteen per cent. lower than that at the last auction, and fho withdrawals are heavy.