WOOL SALE DEADLOCK.

Manawatu Times, Volume XLVI, Issue 1977, 19 November 1921, Page 5

WOOL SALE DEADLOCK.

STATEMENT BY PREMIER. (Per Press Association.) WELLINGTON, Last Night. The Prime Minister stated in the House this evening that he had received a telegram from the president of the Bradford Woollen Manufacturers’ Federation, in reply to one he had sent seeking advice relative to the deadlock in connection with the wool sales. This telegram Said that the Federation, at a meeting yesterday, had expressed a desire that the sales should continue with the least possible delay. The brokers should limit t\)elr offerings to the shipping accommodation available. It was suggested that the growers should exert their influence with the brokers and bankers to get over the difficulty regarding interest on purchase money. Wool was needed for the industry, and a delay would be detrimental. Mr Massey said that Mr Withy, president of the Bradford Federation, was one of the smartest business men in England, and he hoped the wool brokers and buyers would settle their differences, and let the sales go on. The Premier added that he had documents which would show that he had been able during the war period to make a bargain at Home that gave New Zealand home producers prices they would not have been able to get otherwise. I —————■ ■■■■—i