Stored Wool

Press, Volume CVIII, Issue 31658, 19 April 1968, Page 12

Stored Wool

Sir, —Does the Wool Commission hope its stockpile will remain in marketable condition indefinitely? When classing in a Christchurch store in 1924 I had the opportunity to Inspect wool bought and stored in the 1920-21 season. The floor was inches deep in grease and the packs were rotting. This wool was sold satisfactorily because in that year record prices were paid—up to 42Jd per lb. After keeping wool three or four years the commission will need another Korean price boom.—Yours, etc., TEXTILE TECHNICIAN. April 9. 1968. [The chairman of the New Zealand Wool Commission (Mr E. L. Greensmith) replies: “Raw wool will not remain marketable indefinitely but it stores relatively well. The wool stored for several years during and after the Second World War was successfully and profitably disposed of. Much depends on the conditions of storage, and the commission has been attentive to this. The commission has already sold some 1967-68 stockpile wool and has announced a first stage of a programme for disposing of the 1966-67 section of the stockpile."! University Councils Sir, —Your quoted extracts from the “The Times” educational supplement dismiss scornfully “almost all the arts