THE WOOL MARKET.
SIR THOMAS MACKENZIE MAKES THE POSITION PUBLIC. By Eleotrio Telegraph.—Copyright. Australian-New Zealand Cable Association. LONDON, Jan. 6. Newspapers predict a possible increase in the cost of a suit of clothes to £2O. The increase is due mainly, it is alleged, to the bulk of the best quality, wool being contiolied by the Governments in Australia and New Zealand and to the Scarcity of raw material. Sir Thomas Mackenzie in a letter to the press denies any control in New Zealand' and points out that the whole of the exportable surplus is sold to the Home Government. There is no scarcity of stocks on hand or arriving l which amount to 2,270,000 bales which, together with the new Australian and New Zealand clips, will make 4,500,000 bales. Therefore,, the increase in the price of clothes is neither duo to tho increased cost of wool to the Home Government nor to the scarcity in New Zealand.
Farmers are holding meetings adopting resolutions condemning tho exorbitant prices charged for woollen goods in view of the prices they, receive for the raw material.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19200109.2.36
Bibliographic details
Manawatu Standard, Volume XLIII, Issue 1719, 9 January 1920, Page 5
Word Count
182THE WOOL MARKET. Manawatu Standard, Volume XLIII, Issue 1719, 9 January 1920, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Standard. 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.