HOME WOOL MARKET.
TOO GREAT A DEMAND FOR. FINE CROSS-BREDS.
WOOL COUNCIL SUGGESTS GREATER USEFULNESS OF MEDIUM AND LOW GRADES
(rrom Our^Og estmndenU The ninth meeting of the wool Council has been held in London. Statistics relating to wool were brought forward, the chairman stating that the imports of Australian and New Zealand wools up to August 31 amounted, in round numbers, to 1,900,000 bales, against 1,800,000 in the corresponding , period of Dm two preceding years taken together. Arrivals of all other classes of wool, except South American, had keen fully up to normal. The quantity afloat from Australia and New Zealand was about 180,000 bales, and it was estimated that about 1,400,000 bales were in stock in those two dominions. Taken in bulk, the available stock of wool- especially the quantity in this country, was more than ample, Hut it unfortunately continued to be the case that demand,not only in England, but from al] the markets, was concentrated in such an unusual degree on fine crossbred combing wool, and merino wools of all sorts, especially the finest, that it continued to be difficult to cope with the excessive requirements of these particular classes. It was •sincerely to be hoped that this anomaly would be rectified ,andi that a substantial part of the demand would be diverted to medium and low crossbred wool which, regarded on any pre-war standard, at present was infinitely better value for the money. This is an aspect of the wool situation which for a long time has caused surprise among those directly interested in the industry. The chairman’s remarks about medium and low crossbreds being infinitely better value for the money is one which needs to be driven home to the public both at home and abroad, for though the desire for fine quality goods may be taken as an indication of the existence of superior tastes, there is not the slightest doubt that from a commercial point of view there is some reason for discouraging it.
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Bibliographic details
Gisborne Times, Volume LI, Issue 5345, 4 December 1919, Page 2
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332HOME WOOL MARKET. Gisborne Times, Volume LI, Issue 5345, 4 December 1919, Page 2
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