BRITISH TRADE.
EFFECT OF EUROPEAN COMBINATIONS,
' COMMITTEE TQ ENQUIRE.
BY CABLE—PRESS ASSOCIATION—COPYBIGHT Received Aug. 29, 1.20 p.m. LONDON, Aug. 28. Bradford is deeply interested in the announcement that Mr., MacDonald is appointing a committee to consider the ofleets on British trade of a possible European combination, particularly since- Mr. Snowden definitely mentioned the wool textile industry was among those threatened by the proposed Franco-German trade pact. The Trade Supplement, a Bradford publication. emphasises the fact that Alsace-Lorraine possesses important wool textile industries, and France may well use the evacuation of the Ruhr in order to bargain for prefci*ential treatment for Alsace-Lorraine products imported hv Germany. Mr. MacDonald was already warned of this danger, and there is no doubt that once Germany's financial stringencies are eased she will become a keen competitor for raw wool. The supplement adds; “The recent movement in Bradfoi’d values is largely due to speculative buying for the purpose of either preparing to meet increased xvv!-i ian demands or increasing stocks. W hile as yet German competition is * elt to a restricted degree the result has been a general advance in price,s for wool tops and yarns Times. J
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19240829.2.71
Bibliographic details
Hawera Star, Volume XLVIII, 29 August 1924, Page 9
Word Count
192BRITISH TRADE. Hawera Star, Volume XLVIII, 29 August 1924, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Hawera Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in