THE REALISATION SCHEME

Evening Post, Volume CI, Issue 18, 21 January 1921, Page 7

THE REALISATION SCHEME

FIXING FEBRUARY LIMITS.

(UNWED PBBS3 ASSOCIATION.—COPYRIGHT.) (ACSTRALIAN-NEW ZEALAND CABLE ASSOCIATION.) - (Received January 21, 10 a.m.) LONDON, 20th January. ■ At a conference between the Wool -Federation and directors of the Wool Realisation Association, a long and cordial discussiqn followed an agreement that unless a decided change in the market occurs in the meantime the selling limits i.t the Government auctions in February will be fixed in conformity with this week's average selling prices of free Australian wool. Sir Arthur Goldfinch agreed to the federation's suggestion to regulate the quantity of wool offered from month to month, according to the amount the trade could absorb. Sir Arthur Goldfinch also explained that the association had not yet arrived at any understanding with the owners of the new clip, and therefore could not state the line of action that would be taken, but the ruling prices for medium and low crossbreds and carbonising wools were decidedly below the cost of production, and the Australian wool-growing industry must use every effort to improve them.