COMMERCIAL.
LONDON WOOL SALES. THE AUSTRALIAN SCHEME. Press Association—Electric Telegraph-Copyright (Australian and N.Z. Cable Association.) LONDON, Tuesday. Mr W. M. Hughes’ wool scheme has surprised the wool trade, ,and has roused much discussion, particularly his proposal not to hold a sale in London between September and May, which the brokers deeply resent, regarding it as an attempt to continue control to the longest possible date. A leading Australian merchant thinks that the demand at' the Australian sales may be restricted by a shortage of buyers, owing to dear money and the difficulty in arranging credits, also the shortage of shipping. But, in any case, the stoppage of the London sales can only have the effect of keeping up prices against the unfortunate public. BUTTER AND CHEESE. (By Telegraph—Press Association.) WELLINGTON, Tuesday. In the course of a statement tonight the Right Hon. the Prime Minister (Mr Massey) Said: “I have no information to convey about butter, but there Will be no commandeer. It is also quite, definite that there, will be no commandeer of cheese this season. 7
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Bibliographic details
Wairarapa Daily Times, Volume 46, Issue 14118, 12 May 1920, Page 6
Word Count
177COMMERCIAL. Wairarapa Daily Times, Volume 46, Issue 14118, 12 May 1920, Page 6
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