PRICE OF WOOL.

Star (Christchurch), Issue 19999, 15 July 1920, Page 8

PRICE OF WOOL.

MANUFACTURERS MEET. ' Wool prices were discussed in camera at a Bpocinl meeting •>[ the I^ea - Zealand Woollen Manufacturers’ Association in Christchurch 10-dav. W, H. P. Harbor presided. . j-arly in June the Government decided to allow manufacturers to ex coed tin; average supply of the past two years, provided any wool taken over and above that average amount jva.s bought at an increased price. The intention was to secure to the producer something more nearly approximately the Homo price of his wool, following this' agreement, a male of higher prices was ‘drawn up. To certain of these new- rates the manufacturers take strong exception, and ;t ‘probable that further representations 'Mil be made to the Government. .Discussing tho position at a meeting two monlbs ago. the Canterbury hhcepmryiers Aqsociatkm urged that “it, would only be equitable for our Government to collect ou behalf of growers the difference between the- prices paid by the woollen mills and those realised for the same qualities -J wool m the open market, as consumers nave received no benefit from concession-; mace to woollen companies bore ami v/oolgrowors have merclv made a pttsent to shareholders in those companies and cannot got a yard of tho manufactured cloth at less than 4CO to bOO per cent above its manufactured cost to tno mills. No statement for publicalnu was available at the conclusion of to-daves mooting of the manufacturers. A men,. her said that the business was absolutely private.