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WOOL SHIPMENTS.

(Received 'May 5, 11 a.m.)

LONDON, April 30. Mr Goldfinch, at the meeting of the Wool Council, referred to the regrettable disparity in the April sale's, between the ruling prices and the Govr eminent issue prices. The latter were so much lower that it was difficult to satisfy the large applications.for direct issue, and find an equitable basis distribution of the quantities available, but difficulties will rapidly disappear. Arrivals to April 21. were 315,000 bales merino, 383,000 cross-bred, and 104,000 other kinds.' -. Subsequent cargoes brought the total for tho four months, to 1,017,566 bales. It is safer, however, to reckon the arrivals at 950,000, which; was: fully equal to the 1915 record figures. The shipments afloat totalled 460j000 bales, of which 2}7-,000 were merino. Shipping arr&iigements were now working .'freely. There was, every reason to expect three million bales would arrive in 1919, which would be considerably in excess of domestic requirements. The Allied restrictions on imports by neutrals bordering on Germany had now been removed, and complete free trade established. .Regarding the. export of finished woollen textiles to Denmark, Holland and Switzerland, guarantees against re-export; to Germany were demanded, and also from Norway and Sweden. The same facilities for exporting yarn tops wool would also be granted by Britain, to license, which was imposed solely for the protection of British manufacturers.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG19190505.2.27.2

Bibliographic details

WOOL SHIPMENTS., Ashburton Guardian, Volume XXXIX, Issue 9601, 5 May 1919

Word Count
224

WOOL SHIPMENTS. Ashburton Guardian, Volume XXXIX, Issue 9601, 5 May 1919

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