CANADIAN WOOL

Auckland Star, Volume LXXIII, Issue 234, 3 October 1942, Page 4

CANADIAN WOOL

FIXATION OF PRICE

warning to growers

(0.C.) MONTREAL, Aug. 11. Prices to all growers by grades on the 1942 wool clip will be on a similar basis in all circumstances, irrespective of the time of delivery, is announced by the Canadian Wool Board. The announcement said that there would therefore be "no advantage to any grower in any part of Canada withholding wool ,in expectation that later he might obtain a more favourable price over any other grower who had already made delivery of his wool for grading." "In fact," it added, "the grower making late delivery is at a disadvantage in that he is without payment for his wool and takes the chances of deterioration, which sometimes occurs in wools held on the farm under unfavourable conditions for storage."

Any wool held over until the 1943 clip will be graded as 1942 wool by the grading warehouses, where any qualified grader can readily distinguish new-clip wool from those of the previous season. The announcement said the board expects that all the 1942 clip will be delivered to the grading warehouses by the growers, and, "all the warehouses can confidently advise that this be done in the growers' best interest." The board was set up last March to take over the entire Canadian wool clip for the duration of the war and for one growing year thereafter, and to encourage domestic wool production by guaranteeing a stable market and fixed prices. Its headquarters is in Toronto.