N.Z. WOOL SALES

Greymouth Evening Star, 15 February 1930, Page 7

N.Z. WOOL SALES

BUYERS AND BROKERS. (By Cable—Preen Aeen.—Copyright.) LONDON, February 13. The New Zealand Exporters’ Section of the British Wool Federation met at Bradford to consider a cablegram from the New Zealand Wool Buyers’ Association, stating that wool is now-being withheld, and that the brokers’ catalogues are only about 50 per cent, of the allocation. The Buyers’ Association suggested . certain methods of combating the action of the wool brokers, and asked for the views of the Federation members on the subject. The Federation unanimously decided to send the following reply: “A fully attended meeting of the Federation unanimously reaffirms its previous decision against any extension of the selling season, and urges that the utmost pressure be placed on the selling brokers to offer not less than twenty thousand bales per sale. Should the brokers’ proposals involve any extension of the season beyond April 16, the Wool Federation desires to register an emphatic denial, and to say that the selling brokers must accept the full responsibility and take the consequences.”