EAGER DEMAND FOR WOOL

Poverty Bay Herald, Volume XLVI, Issue 14936, 14 June 1919, Page 3

EAGER DEMAND FOR WOOL

COUNCIL FAILS TO STABILISE 1 ■ . < -t xvICES, !

EFFORTS TO FOBM NEW SCHEDULE. ;

Elec. Tei. Copyright-United Press AainJ Australian auu N Z o BW c AasnSatlom LONDON. T,, ne 13. > m^'., Goldfinch (Director J o{ Raw Mat« m l s ), speaking before . the Wool Council-, regretted that the Council s programme had failed to stable prices, but^nstead had resulted m an eager demand for WO ql and tops at benefitting, because the auction prices «• . the .** months .ending X Australas,^ wool-probably a record. He^stnqated that the- total s tocfc m England, were e q.ual to over three hundred million- pounds' weight, arid were amply sufficient for the count™' otn wrposes., a ] 8O f or ContinentafSrpil They were endeavouring to ?Sth c monthly auctions to 160,000 bale^ and iwSSfft f° r } he T su PPl^tarJ iLue of fSffip Z* -° r J l ine - H e anticipated that the offeruigs by the end of July would exceed the trade's capacity The du^ut. *?&* Kad out -^PPed ihe It would npt be surprisinc if AusS a tnn d ftf rir ' tCd AteAih to send tops. The cessation 6f rationinir meant practicalV the elation of Tn? £oj. ih 6 ' schedule was out of date. He suggested that- the committee fix a new^schedule at a moderate percent age below ihe pnces established at the three /latest auctions. rJ he d ®P arfcmen > was striving to m HnT c h *i, q * qa ? tity , offered « «ie- auctions so that by this means within' two 7 t fe. nipnfch8 ' val "«« might be reduced fifteen to twenty per cent. Tbi Otovenunent might hold auctions at werp and increase the volume of dis■^£™S S \ AHh »r Goldfinch added: Germany will soon be entitled to y e . wool!'- C m quantit y of Australasian

Mr Raynor moved that it be a recomoTfol^V I**1 ** be no f^her isZ eLent «l *h WOOI ff t ° iviHan P» r P<>B«s except at the present ascertained prices abTv^- 611^ to .*™%-five pcr P ceh .' above the issue prices. The disopssion was adjourned.