PRICE FIXING

Grey River Argus, 29 June 1925, Page 8

PRICE FIXING

BY WOOL KINGS. HOME WOOL BUYERS AGAEVS - : POOLING. LONDON, June 26. Mr. Parkinson, President of the British Wool Federation, is dead agadnst the Higgins wool schemes. He says: “The further we keep away from control of supplies, the better. I do not think the scheme will stabilise prices, nor doi I think Sir J. Higgins will get the scheme to work.” The only favourable Bradford comment was made by Walter Andrews, of the firm of Laycock and Son., who thinks the plan workable if the financial difficulties arc overcome, but growers should realise that fixing a basis over-high would merely be courting competition from cotton and artificial silk. LONDON, June 25. The Bradford Chamber of Commerce is organising a. conference t>f Dominion avool growers, similar to that of last year, to be held at Bradford on the 15th and 16th of July. “The Times’s” city cable editor, dealing Avith the wool stabilisation project, says it has been criticised, not only on technical grounds, but for the broad reason that all schemes devised to maintain prices artificially hinder normal commerce. “The 'Times” points out that Avith the. Avorld jioav promised large wool supplies, the attempt to fix prices involves excejitionally difficult problems. It should not be forgotten that in certain directions, avool is faced with a real rival in the form of artificial silk. If the avool growers are not prepared to meet the consumers in the matter of price, they may find vast multitudes increasingly turn., ing to other textiles. There are, doubtless, financial questions to be considered, but many solely interested in seeing the wool trade continuing to prosper consider that loavct prices than those current Avould be fully justified.