WOOL POSITION.

Manawatu Standard, Volume L, Issue 73, 21 February 1930, Page 7

WOOL POSITION.

MR POLSON’S COMMENT. ARROGANT ACTION DEPRECATED. Per Press Association. NEW PLYMOUTH, Feb. 20. Mr W. J. Poison, M.P., president of the Farmers’ Union, in a speech today, dealt with the wool position. He V atated that ho believed the present depression would be only temporary. In this connection he deprecated the arrogant action of the wool buyers, who, he said, were trying to force growers to sell their wool at under its value. The price of wool was too low when it was selling at less than half the cost of production. It was cheaper than its substitutes, and as it was an essential commodity, it was bound to rise in value. He considered that it was safe to stare wool for a rise, and safe to lend against it up to present values, but the wool buyers were insisting that it must be offered to them. The farmers had not objected when Borne wool buyers refused to operate at a time when they considered wool was too high and had absented themselves from the sale. The same rule of fair dealing and freedom of action should now apply to the farmers, yet the buyers were actually boycotting those farmers who offered their wool —the unfortunates who had no finance to carry them through. In the Mr Poison thought that it was the duty of the Government to stand behind the Rural Intermediate Credits Board, which had the organisation to deal with the matter; and to assist that body.to finance farmers’ wool, just as it had financed wheat and other produce. It would not mean a greater outlay than if,000,000 to help all those in need of finance who had no firm or bank to assist them. Meanwhile he regreted to see British woolbuyers acting in concert to boycott and artificially to embarrass loyal farmers who during the war, offered to sell their wool at much below the market value, in order to help the Mother Country. FINAL SALE AT AUCKLAND. Per Press Association. AUCKLAND, Feb. 20. There is no cause tor alarm on the part of Auckland growers that the third Auckland wool sale will not bo held. In a telegram received yesterday from the president of the New Zealand Woolbuyers’ Association, Christchurch, the secretary of the Auckland Woolbrokers’ Association has been advised that no matter what quantity of wool is offered at Auckland buyers will attend, as it is the final sale. All final sales in the Doyiininn will bo attended. ALARM AT~MASTERTON. Per Press Association. MASTERTON, Feb. 20. The news that wool buyers were persisting in their boycott gave rise to an anxious discussion amongst represheep farmers at the MasJlLterton A. and P. Association’s Show; k'Miresterday, and there was some talk of 'uajilhe advisability of calling a district AP'«§onference. It appeared to be felt, that little could bo accomj‘|»plished by district consultation, and ),? that the initiative should be taken by « the Dominion executives or organisations representing the producers. / Accepting that view, Mr C. C. Jack«on Wairarapa, provincial president of the Farmers’ Union, telegraphed to i the Dominion headquarters of the | union, asking whether it was getting | into touch with the New Zealand I Sheep Owners’ Federation regarding * methods of dealing with the situation.