THE WOOL MARKET

Evening Post, Volume CII, Issue 62, 10 September 1921, Page 16

THE WOOL MARKET

CREDIT TO "BAWRA" DENIED.

The Yorkshire Post makes the following comment on the speech made by Sir John Biggins at the "Bawra" Conference in Melbourne on Wed-nes day.— - . „,,.-.. "Gradual recovery from the slump of I the wool market was inevitable, and it would have come, if there had been no_ 'Baiwra,' Improved economic con, dikons axe responsible for the return of confidence in, the,wool industry, larger sales and firmer markets, which Sir John Higgins claims as being due to 'BawraV action. 'Bawra,' ac instrument for regulating wool from grower tc market— largely^ it must be remembered, ..at Bmtains expense—has naturally miti•gafced a financial crisis; but it had nothing to do with thi restoration of economic conditions, the return of confidence, and the greater consumption which are,jointly responsible for the improvement in . wool v»lu€e: At last growers will have doubtless.seen throngb Sir ( John Bdggins's sophistry, and probably _ ask why, now that 'Bawra' .has so little, good merino to offer, should the merino growers any longer tolerate this syndicate interfering ,' with their* private selling. Import-ant wool-grow-utg interests have already declined in favour of,removal of control? Users will be surprised, if they consent to any further wool-selling^ policy dictated by 'Bawra.' Regulation of offerings can easily be arranged 'in conference .with selling brokers and buyer*, and thus th« expense of 'Bajwra' can be saved."