WOOL MARKET

Gisborne Times, Volume LV, Issue 6202, 6 October 1921, Page 5

WOOL MARKET

PROPOSED DEAL BETWEEN GERMANY AND AUSTRALIA. PRESS COMMENT ON BAWRA’S LIMITATION TACTICS, NEW YORK. Oct. 4, Trade papers are informed from Berlin that negotiations are proceeding between representatives of the Australian wool syndicate, the German Government, and Saxon spinners, with the object of arranging terms for supplying German mills with twenty million dollar’s worth of wool on the basis that the mills refine and Australians market the finished product. LONDON, Oct. 4. The Yorkshire Post condemns Bawra’s decision to only offer 18,300 hales of wool at the next series out of 450,000 hales held, despite the present good demand. The Post declares that a* the Imperial Government’s agent-, it is their duty to sell for the utmost possible price under the present favorable conditions. The growers’ attention ought to be directed to this pernicious practice of withholding wool from a 'favorable market.—A. and N.Z.C.A. SEQUEL TO FRENCH TEXTILE .STRIKE. GERMAN WOOL TOPS ORDERS GO TO BRADFORD. LONDON, October i. Owing to the French textile strike, which Shows no signs of ending, large German order- for wool tops which had been placed in Roubaix during.the past half-year are being transferred to Bradford. —A. and N.Z.C.A.