AMERICAN WOOL
TRADING IN FUTURES COTTON EXCHANGE INVESTIGATION. press Association —By Telegraph—Copyright. NEW YORK, March 26. Arrangements for trading in wool futures on the New York Cotton Exchange are expected to result ; from inquiries by the ISxchange Committee, the chairman of which said that a jiractical plan could he worked out to give consumers of wool the same protection that cotton buyers now enjoy through hedging facilities. He said that where the need for a future market exists and the volume of business transacted justifies the establishment of such, a way will he found eventually to overcome the difficulties. The committee will investigate the industry from every angle, such as production, market preparation, the shipping market, distribution, weaving, and spinning. Tlie hearings will probably be held at Boston, Philadelphia, and other wool centres, and the co-operation of the United States will bo sought.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19270328.2.45
Bibliographic details
Evening Star, Issue 19518, 28 March 1927, Page 5
Word Count
143AMERICAN WOOL Evening Star, Issue 19518, 28 March 1927, Page 5
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in