DROP IN WOOL PRICES

Nelson Evening Mail, Volume LXI, 17 November 1926, Page 9

DROP IN WOOL PRICES

WHAT IT MEANS gar.i.i i [YTJ (United Pre*p Atwoolatlon.)

MASTER,TON, 15th Nov. ' Commenting on to-day’s wool sale in Wellington, Mr W. B. Matheson said: 'At Hastings to-day a Labour®or-' ganisation banded to the Press a resolution recommending the Alliance of Labour to ask British workers not t'o purchase New Zealand meat, as it is being produced by (black-leg' labour. The truth is that the average sheep farmer in New Zealand is earning smaller wages than the butchers who are declining to help New Zealand to keep busy. In Wellington to-day typical wool fetched 2d a lb. less than last year. This not only means reduced wages for the sheep farmer, hut a loss to New Zealand of millions of income as compared with last year, when (he prices realised were below lln> cost, of production in many eases.

“These two items of news are of serious hnport to everyone in New Zealand, for if export falls seriously below last year’s totals There will not lie incomings to enable the average citizen to maintain his present standard of living. It is to he hoped that the man in the street will quickly become aware of-the true position, so that further losses may bo guarded against.”