GERMANY’S WOOL POLICY

Taranaki Daily News, 2 April 1934, Page 7

GERMANY’S WOOL POLICY

PROHIBITION OF IMPORTS

TOPS AND YARNS ALSO AfFECtED. ULTIMATE NEED FOR BUYING. YORKSHIRE BUSINESS OUTLOOK. By Telegraph—Press AAsn.—Copyright. Rec. 7 p.m. Ldhto Match Si. Yorkshire wool men are at the! news of Germany’s prohibition on the import of wodl, which includes tops and yarns as well as raw wool. “This makes the German scheme of more acute concern for Bradford than it was at first afitieipatea, says the Yorkshire Post. ‘‘Wool trade interests in Yorkshire have n& misgivings on the broad question .of Germany’s Continued need for Wool and they are Satisfied 'that evOrjr effort, will be forthcoming from that country to finance whatever purchases may be necessary for the big drive to industrial and export recovery which Germany is nOW making. . "It is a fact, moreover, that the projected chance in Germany’s import policy, comes .at a time when most Of the season’s wool has been lifted from the first hands. This suggests lesS liability to disturb Values than if > it had occurred in the middle of the selling season.

“The decision to defer the commencement of the London fifties meets with general approval here, as it is Obviously better for all Concerned if the sales can open when a clearer conception of Gof" many’s intentions may exist. “On the raw wool side most people feel there is little cause for concern fes Germany’s Own best interests are bound up with the maximum importation of Which, she is capable, but that tdpß and yam imports are to be subjected to control seems to call fdr a review of certain considerations in the exchange of trade between the two countries.”