POPULARITY OF WOOL.

Star (Christchurch), Issue 17033, 5 May 1923, Page 2

POPULARITY OF WOOL.

PESSIMISM UNWARRANTED. B/ Telegraph—Press Association—Copyright Australian and N.Z. Cable Association. (Received May 5, 1.40 p.m.). LONDON, May 4. Commenting on the pessimistic view of the wool market, Sir Arthur Goldfinch, writing in the “Yorkshire Observer” says: “There is no justification for alarmist views. The known facts point to a persistence of consumption in excess of production for at least the next two years. Each year the popularity of wool clothing is increasing amongst peoples who hith-' erto relied mainly on cotton goods. This applies particularly to the Far East.” WARNING TO AMERICA. By Telegraph—Press Association—Copyright Australian and N.Z. Cable Association. (Received May 0, 1.40 p.m.). LONDON, May 4. The “Yorkshire Post” says: “For the moment, America is the dictator. Time will prove how long she will remain so. Her war wealth enables her now to enjoy a pcrjpd of prosperity in marked contrast to the nations on this side of the Atlantic, but already warnings have been uttered regarding the future of the United States. Hints hare been made of over production. Certainly her markets can be flooded with imported goods unless an even more drastic tariff than the present tariff be established. Also, consumers in the United States have been known to organise strikes when the values of textiles go too high. Some assert that prices arc already at the danger point. Therefore one may admit, the prospect of a scarcity of wool in the aggregate, if not an actual shortage in relation to the demand, without fearing values soaring to such dizzy heights as some optimists would have us look forward to.”