WOOL DEAL.

Taranaki Daily News, 3 July 1920, Page 5

WOOL DEAL.

EXPORT TO GERMANY. A PRIVATE ARRANGEMENT. By Telegraph.—Press Assn.—Copyright. Received July 2, 10.55 p.m. London, July 1. A well-informed Anglo-Australian, giving his view on the- German wool deal, states that it probably represents a characteristic deal on the part of four or five Yorkshire firms, who for several years were 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, and he and some financial associates, recently returned from Germany. There is no reason 'to believe that any single deal in wool amounted to £4,000,000, but it is well known that these firms have been largely buying between auctions for some months. Apparently they have now decided to send the accumulated stock of raw material to Continental factories. In addition to realising an extra profit by utilising the exchanges and industrial conditions abroad, they will also have the enormous advantage of getting an early delivery of manufactured and semi-manu-factured goods months before tJie people who have already booked orders with fully occupied English factories. This speedy delivery will confer a special advantage on' the falling market.—AUs.N.Z. Cable Assn.