WOOL MARKET

Poverty Bay Herald, Volume LII, Issue 17185, 8 November 1926, Page 9

WOOL MARKET

LOWER PRICES WANTED INDUSTRY 'if ONLY HOPE (Elec. Tel. Copyright—United Tress Assn.) (Australian aud N.Z. Uabl« Association LONDON, Nov. 6. Discussing the wool situation ;i Bradford correspondent writes: "Tin- decline in x.i'ues is noted with satisfaction by a majority of users, who realise the Fi liv of dear wool under existing economic conditions. For months the Homo bade has l.een paralvsed by the mining ili:(inl( and the only chance of bringing iiboul a revival after (lie settlement of the dispute will rest on the pos-,-i'iii, • ; f getting reasonable, cheap raw material. Moreover, it seems certain that woo! must re-act to some extent to the cheapness of cotton. With the machinery requirements so much below normal, business is being conducted on band to month lines, and the genera! la els of activity creates a favorable position for buyers. EMPIRE STATISTICS. EOREfGX CO-OPERATK >X URGED. LONDON, November 5. The e.onomie sub-committee of tho Imperial Conference appointed to examine the desire for more complete wool statistics, 'reported that they had been impressed with the argument that the collection aud publication of Empire .statistics, in the absence of foreign figures, would place the foreign producers and users in a position of advantage, and therefore recommended a, resolution that the Imperial Conference, moved by the need for more, complete, uniform and prompt statistics regarding production, stocks and consumption of wool throughout the world, recommends that suitable steps should be taken to secure the co-operation of foreign countries in this connection, and that the Umpire Governments consider measures to ensure the provision and publication of said statistics, provided the foreign countries materially concerned take similar action.