BRADFORD WOOL PRICES

Daily Telegraph (Napier), Volume 59, Issue 74, 30 April 1930, Page 5

BRADFORD WOOL PRICES

DIVERSIFIED CAUSES OF DEPRESSION. LETTER TO NAPIER RESIDENT That there are numerous widely diversified factors bearing upon the present position of the Bradford woollen market is borne out in a letter which a well-known Napier resident has received from a correspondent of standing in London. This gentleman was kind enough to hand me a portion of the letter to publish. It reads as follows : — "I eannot see any reason even to imagine that the values of wool will improve until we have got the present Government, and Mr Snowden well out of the way. Fancy giving the dole to children of 14. A friend of mine^was returning from Canada the other day, and, happening to get into conversation with one of the third class passengers, asked him .why he was going back to England. His reply was that after six years in Canada he found the work too hard and besides, why should he work there when all he had to do was to bring his wife and family of four and live on tlie dole ; and this, in fact, is exactly what he is doing "What can you expect from an administration which permits of tliings like that ? No wonder our employment figures are mounfing up week hy week. We can only hope that something will happen soon to make the country realise the true state of affairs to-day and that when eventuallv we do wake up it will not be too late. All this is very depressing but one cannot help thinking ahout it, and at the same time feeling rather helpless".