WOOL SALES

Hawera & Normanby Star, Volume XLI, Issue XLI, 15 December 1920, Page 5

WOOL SALES

■ At f] , Dec. 13. At tiie wool sales, 11,500 bales were weie fu-m, the prices being unchanged ..for others, which wer e neglected At the wool sales there was "a noor selection of Government wool Pfi° serves were maintained, but only 15 ncr cent, was sold. J per Tl p ap , LONDON, Dec. 13. The Bradford market is very qu , et busmess being only possible at prices much below tne cost of production i Mr Goldfinch informed the Australian Pi ess that the fears expressed in Eiig, land that the proposals o f the Australian \Y<kh Association • might close down the wool auctions were" ground- , less. The Imperial Government would never agree to any proposals likely to ; - have such .an effect. The leadine exporters of Melbourne were a,!readv aware that the stocks of Australian wool in England were already too great and that no arrangement would be satisfactory which did not provide for a regular and systematic reduction. .The isso ciation's j>olscy, doubtless would be to encourage disposal through the London auctions, and to arrange for the new wool clip from Australia to be shipped in less quantities than the monthiy disposals in England. It would'be more economical to carry any necessary surplus in Australia and New Zeaalnd than in England, where storage facilities were being over-strained. He was not disposed to make any comment on the Australian Association.