WOOL SUPPLIES

Otago Witness, Issue 3714, 19 May 1925, Page 23

WOOL SUPPLIES

EFFECT' OF CURTAILMENT OF SALES. LONDON, May 12. The Yorkshire Post’s Bradford correspondent says: “The curtailment of the sales has lilted a load of! the market. The manufacturers, fearing that a continuity of the sales would cause a further decline in prices, and with their financial resources locked up in heavy stocks, st6od aloof. Thus the position of the consumption end of the trhde was made to appear • worse than it actually is. This is all the result of lack of confidence in wool values. Nobody now «nlisputes that there is no wool famine really. It was a recognition of this fact which caused the recent decline in values to an uneconomic extreme, as was the reverse experience in November. A good many millions were iost in the first half of the season, necessitating assistance in either financing or. in carrying over the stocks to the second half. The wool growers are now carrying a surplus, but it would be fatal if the grower were to yield to outsiders with a taste for war-time control. If values can be established on the present basis for a period, the business in tops and yarns and piece goods so far bold back will soon be placed more freely. Already the tone is more cheerful.” ' SIR ARTHUR GOLDFINCH LONDON, May 12. Sir William Akroyd, past president of the Bradford Chamber of Commerce, in a letter to the Yorkshire newspapers protesting against Sir Arthur Gokiiinch being quoted as authority on the wool situation, says: “Sir Arthur Goldfinch has now. assumed the position of adviser to the wool trade. I feel that I am expressing the feeling of the whole of the textile trade when I say that we are heartily sick of his assumptions regarding the rise and fall in the stocks of wool. It has been proved without question that the wool trade cannot be conducted with paper and pencil in an office. Those who have been foolish enough to follow Sir Arthur Goldfinch’s guidance during the last six months are at present suffering bitterly from it. I respectfully suggest that the time has come for him to retire and leave the textile trade to look after itself, as to continue the fathering of a trade of such magnitude without experience is more than any of us are prepared to accept.” Replying to remarks by Sir William Akroyd on the wool position, Sir Arthur Goldfinch says: “I have been watching the wool position since 1921 as a delegate and representative of a large section' o the Australian woolgrowers. My diagnosis of the position from 1921 to 1924 proved singularly accurate. 1 acknowledge that this year the course of the market is it ning counter to my expectations, but this only proves that 1 am not infallible, intend to continue to watch the wool position, and to comment publicly on it whenever and in whatever manner 1 con sider right.” A BRIGHTER OUTLOOK. LONDON, May 14. Messrs H. Dawson and Company’s re view of the wool sales, after dealing with the factors which led to the slump, says: “As far as merinos are concerned, indications are that the rot has been checked for the time being. Continental stocks are low, and American are lower than for years, nhile Yorkshire stocks now give cause for anxiety. The crossbred position has brightened considerably. Heavy expensive holdings in Yorkshire are mostly with strong holders, who, if willing, can afford to cut their losses and encourage a quick return to business. The principal remaining cause of anxiety is the temporary financial stringency, but it is hardly conceivable that a financial impasse will develop now, for there is every sign that the worst trouble is past. The turn of the wheel, though painful to some, is bound to favour the trading and consuming sections of the community and pave the way for healthy, prosperous business on the present basis.” THE QUESTION OF SIZE. LONDON May 15. Discussions among the tra le regarding wool packs resulted in a dec.sion to maintain the present size of tlje pack, while the trade would assume the bulk of the extra cost under certain conditions, the principle being that the expense to the producer would not be materially increased. A recommendation on these lines will be submitted to a joint meeting in

fearfully upset because a man living in the same house insisted on writing to you. Don’t believe a word. I like reading your book. It is like when mother read the life of Christ at *ed time. I do not mind how you spent the money. I like you to have it. Devil says you do not love me. That makes no difference. I love you far too much ever to marry anyone. You are the only man I shall ever want. I want ever lasting life with you. You are three times more aristocratic than anyone I ever met when presented at Court ” Another woman, who was married, wrote in a similar strain The defence was that the offence charged w«ts a mere technicality. Lane openly practised a psychologist, and was consulted by a largo clientele. He received just as erotic letters from men, but the police only produced those from women. The appeal was dismissed, and the sentence reduced to a fine of 40s and deportation. The order was withdrawn upon Lane promising voluntarily to leave the country and not return. 10 Homer Tyrrell Lane, an American, who was lecturer to the Australian Expeditionary Force, was ordered to be deported by a Bow street magistrate for offences under the Aliens Act. The evidence showed that Lane lived in sumptuous rooms in Gordon square. He gave private lectures to men and women on psychoanalysis,'the discourses being of a sexual nature, and the charge being two guineas an hour. His income was £2500 a year. The prosecution described Lane as a charlatan and a danger to societv. He had established a Children’s Self-govern-ing Commonwealth in Dorsetshire in 1903, w hich had been closed in 1918, the police alleging that Lane indecently assaulted the girl inmates. Evidence was also given that women patients gave Lane £ISOO. On the other hand, the Bishop of Liverpool and the late head mastqr of Rugby gave evidence that Lane’s treatment was extremely helpful m the spiritual growth of youths. Lady Betty Balfour and other well-known persons gave similar evidence. Ladv Betty said it would be a_ national calamity if the Commonwealth were closed down.