WOOL.

Northern Advocate, 5 December 1916, Page 4

WOOL.

A CHAOTIC MARKET.

Australian and NZ. Cable Association. LONDON, December 3. The wool markets are chaotic pending the announcement of the Government's intentions in regard to the details in connection with the requisition of wool. A meeting of the committees of the Colonial Wlool Importers, Selling Brokers, and Wool Buyers' Associations decided to ask Mr Lloyd George to receive a deputation, which will recommend that all wools bought in Australia and New Zealand and shipped prior to the Government requisition, should be sold in the usual way. A number of Yorkshiremen came to London under the impression that the meeting was open to the whole of the trade, but they were not allowed to be present. Accordingly they held a meeting among themselves, and resolved to demand the maintenance of the present conditions. Speakers pointed out that by reason of their convenience and long usage, as well as on economical grounds, sales were far preferable to the establishment of the new Government organisations. At the invitation of the War Office a deputation from the Bradford Wool Buyers' Association and the Bradford Chamber of Commerce discussed the whole matter with War Contracts Departments, Mr Massey and Sir Joseph Ward held a lengthy conference with the Government in regard to the wool question. A further sitting will be held to.night. Mr Massey is pressing for an early settlement of the question.