WOOL MARKET
ANXIOUS TIMES PREDICTED,
(IIKITIB PM9B ASSOCIATION.—COPTRISHT.) (AMTRAUAX - KIW MALAm OAILI A6IOOIATI9N.) (Received March 18, 12.10 p.m.) MELBOURNE, This Day. The Chairman of the Central Wool Committee, Sir John M. Higgine, makes an s appeal to woolgrowers and brokers, predicting anxious times for the ensuing two or three years. The British Australian Wool Realisation Association would be oonfronteoj 'during the period, with more wool than the trade was capable of buying or absorbing. The closest attention was necessary to the simultaneous marketing of the old and new clips in order to ensure proportionate sales of the respective interests and to secure reasonable pricej for the merino wools and at the same time minimising losses on crossbred.
Approximately half a million bales have been offered at the Australian auctions since October, and 55 per cent, has been sold. There are 800,000 bales of the 1920-21 clip awaiting sale in the Australian ■warehouses.
The position was one of gravity, he said. The directors, whilst advocating a temporary stabilising of the industry by allocating quantities of wool for auction, and by fixation reserves and net prices, did not recommend any scheme of price fixing.
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Bibliographic details
Evening Post, Volume CI, Issue 66, 18 March 1921, Page 7
Word Count
192WOOL MARKET Evening Post, Volume CI, Issue 66, 18 March 1921, Page 7
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