WOOL MARKET

Gisborne Times, Volume LXXIII, Issue 11760, 6 October 1932, Page 5

WOOL MARKET

MUST RECOVER SLOWLY AND NORMALLY. POSITION HEALTHY AND IMPROVING. INTERNATIONAL CONFERENCE. (U.P.A. bv..Elec.. 'joi... Copyright.) AMSTERDAM, Oct, 4. At the opening session of the iiitoi,'national wool conference. 'M. Maurice DubruHe, the president, reviewing the position, drew attention to the heavy fall in values during the world crisis, and the fact; that producers in Australia. New Zealand and elsewhere had not received just recompense lor their labor, hut pointed out that, largely owing to low prices, the use of shoddy, artificial, and synthetic substitutes and • adulterants had been considerably dispensed with, and although a large clip was in prospect all the wool grown would be readily absorbed. The position was Jieaitßv and improving. He deprecated .proposals made in Australia for the fixation of a minimum price, or other artificial methods that would interfere with the free marketing of wool, and indicated that the international wool and textile organisation would strongly oppose any such measures. The interests of manufacturers were identical with those of producers. . The market must. recover slowly and normally. It would he a groat mistake now that times were improving to adopt artificial measures, which, by spoiling the free market, might bring about a relapse just as .recovery was in sight In considering proposals emanating from New Zealand for scouring the whole clip in, the country of origin. he said it would render wool impossible- for treatment for its best uses by manufacturers, and the prospects were not in the best interests of growers. The conference debated - the question of tariffs. Britain and France favored a uniform maximum of from 10 to 22 per cent. Germany and others urged a progressive decrease of the present tariffs by 10 per cent, annually for five years. A commission was appointed to draff proposals for a uniform tariff. It will meet in December at Brussels.

LONDON,' WOOL SALES. RATIO CLEARANCE OF N-Z. CLIPS. SCOURED REACHES I’Jld. (U.P.A. by Elec. I el. Copyright) LONDON, Oct. 4. At the'wool sales, 11,824 bales wcr e offered, including 7256 from New Zealand, and about 8716. were sold. There was a good selection, of New Zealan.il wools, which were readily cleared l<- Home and Continental bujers. Withdrawals of merinos wen- still numerous owing to firm selling limits. New Zealand sales; Scoured. Gienthornc, PRd. 17’d (average). SYDNEY MARKET CONTINUES FIRM JAPANESE AND YORKSHIRE ACTIVITY (U.P.A. by Elec. Tel. Copyright.) (Received Oct. 5. 9.50 p m ) , , SYDNEY, Oct.. 5. At the wool sales, 12.284 bales were offered, and 11.175 bales sold, &*u] 976 baJos were disposed of privately. The market continues very firm Japanese buyers competing freelv for all fleece qualities. Yorkshire " also gave support for suitable lines. Good clearances were effected. Greasy merino made lod. KEEN COMPETITION AT -MELBOURNE. TOP PRICE 15-id. (U.P.A- by Elec. Tel. Copyright) (Received Oct. 5, 9.10 p.m.) MELBOURNE. Off. 5. At the wool sales 8500 bales were offered, a fairly good selection. Competition from Continental, Japanese and Bradford operators was keen, and sustained. Values were on a par with those ruling at flic opening of last season. The top price was 1.3 id.