N.Z. WOOL WAR

Grey River Argus, 17 February 1930, Page 5

N.Z. WOOL WAR

I OVERSEAS BUYERS May Boycott Sales (Per Press Association.) CHRISTCHURCH, February 16. The wool buyers representing overseas firms in New Zealand have issued a statement, to the effect that thev propose to take certain action which is not stated definitely, in the event of the wool offerings at the sales not being sufficiently large. They state there have, been suggestions that the selling season should bo extended, anl that the offerings at the sale should bo curtailed accordingly, and that the position has boon aggravated by tin* announcement that the Wellington wool sales catalogue has boon cut down to 14,000 bales. It is stated that the buyers have it in mind to absent themselves from the sales unless the offerings are at least 20,0(10 bales

The statement reads that:—“The Woo I buyers’ Association is in receipt of instructions from the various Wod Federations, which have already appeared in the newspapers, and the buyers will have to follow this out to the best of their ability. It is hoped that the selling end will do .11 that is possible to prevent Ihe disarrangement and dislocation of the previous selling arangoments by offering reasonable quantities.”

STATE AID SOUGHT

And Growers’ Conference (Per Press Association.) INVERCARGILL, February 16. The present serious position of the wool market was the subject of a discussion at the monthly meeting of the Southland Executive of the Farmers’ Union yesterday. The following recommendations were received from the Meat and Wool Committee: — (1) That this Executive, realising the very serious position of the woolgrowing industry of the world, and, in particular, of Now Zealand, suggests that immediate endeavours be made by the Dominion Executive to arrange a conference of the wool growers of the Dominion with a view to arranging for definite action, having in mind a further conference with the growers of Australia and of South Africa. (2) That the Dominion Executive be requested to approach the Intermediat.o Credits Association regarding the. extension to the members of its assistance in the form of advances against woo], and also to request Government backing being given to banks and firms to assist the farmers regarding advances on wool. Both recommendations were adopted.

At a meeting of the Southland Executive of the Farmers’ Union yester day, an emphatic protest was m ide against the Junior High Schools, and against the proposed decapitation of the Ed end ale. School, together with a protest against the action of the Minister of Education in failing to give Southland public bodies an opportunity to place evidence against the proposed system before the Education Commission, despite the fact that the Association knows that, there was distinct opposition in Southland to the scheme. Holding Back Clips BROKERS DENY RESPONSIBILITY. (Per Press Association.) CHRISTCHURCH. February 15. Regarding the wool position. Mr W. C. Brydon, President of the New Zealand Woolbrokers’ Association, says that the brokers have not been recommending the growers to withhold their wool from sale, but the growers have withheld it to some extent in the hope of better prices ruling later on. The South Island had had a satisfactory experience this season in the matter of the clearance of wool, and the withholding applied more to the North Island than to the South Island. At the last three wool sales in the South Island, well over 90 per cent, of the wool had been disposed of under the hammer. In the ordinary course it would not be possible for more than one or two centiies to offer 20,000 bales catalogues with the season so far advanced as it is. Approximately half of the season’s*-clip has already been sold. Auckland Broker REPLIES TO BRADFORD. (Per Press Association.) AUCKLAND, February 16. Commenting on the Bradford wool buyers’ protest regarding the offerings at the sales in New Zealand, the Auckland manager of a large woolbroking 'firm says that the average withdrawals from New Zealand wool sales this season have been nothing like fifry per cent. He remarked: “There is really no weight in the impression that the cable from Bradford has (jjjven that either the growers or the brokers in New Zealand are trying to hold wool back.”

British Wool Growers STATE AID IN SELLING. RUGBR, February 15. It was announced at a meeting farmers at Leeds that the Government is prepared to assist them in a wool marketing scheme by/the loan of £3OOO a year for a term of years without interest, if the British w r oolgrowers would contribute £5OOO,