WOOL PROBLEMS

Hawera Star, Volume LI, 13 September 1930, Page 5

WOOL PROBLEMS

RESTRICTION OF SALES

DISCUSSION AT LIEGE

AITSTR ALI A’S EXPERIENCE.

(United Press Association. —By Electric Telegraph Copyright.!

LONDON. Sept. 11

Suggestions were made at the international wool conference at Liege today regarding Australian sales. The holdover policy had proved unsound, one delegate stated. The council of the conference considered it advisable to oppose any endeavour to create uneconomical values or the holding of part of one season’s clip to another. The council favoured an extension of the selling period provided a reasonable interval was arranged between the seasons to enable buyers to renew personal contact with their customers.

Mr W. P. Devereaux (Australia) said growers’ organisations, in dealing with the October situation, decided it was better in view of the apparent inability of manufacturers to absorb wool as offered to reduce,the .offerings and extend the season, but otherwise allow the laws of supply and demand to adjust the position. Defending this policy, Mr Devereaux said the result had been beneficial as low prices must stimulate consumption; further, practically the whole of the Australian clip had gone into consumption. The conference passed a motion directing the attention of wool-produc-ing countries to the fact that restricted sales would diminish confidence.