SALE OF AUSTRALIAN WOOL.

Nelson Evening Mail, Volume LIV, Issue LIV, 14 June 1920, Page 3

SALE OF AUSTRALIAN WOOL.

(15 v Electric Telegraph—Copynght) (Australian & N.Z. Cable Association) LONDON, June 11. . Before Mr Watt resigned the chairman of the. Colonial Wool Importers’ Association wrote him pointing out that if public sales were resumed in Australia, competition for the next two years at any rate would be much restricted owing to the great difficulties connected with freight, finance, and exchanges. Compilin' lively few English buyers, and still fewer continental buyers, were strong enough financially to purchase so far ahead o! theii actual requirements, and even these few’ would operate in Australia only at prices leaving a very full margin for contingencies. The association considered the ideal method of disposing of w r ool would be to confine sales entirely to English markets, but as a considerable number of growers in Australia w’ould like to try offering their w’ools there, the Association suggests that growers be left entirely free to offer by public auction in Australia or to consign to London, wdiichcver they prefer.