WOOL MARKET.

Taranaki Daily News, 21 September 1920, Page 5

WOOL MARKET.

FUTURE SALE CONTROL. REPRESENTATIVES IN LONDON. (By Wire.—Parliamentary Reporter.) Wellington, Last Night. Mr. Massey stated in the House tonight that the two New Zealand representatives in London appointed to act with the British authorities in handling the sale of wool were Mr. W. D. Hunt, of Messrs Wright, Stevenson & Co., and Mr. Hamish Wilson, son of Sir James Wilson. The High Commissioner will also be represented at. all the meetings. Tlie High Commissioner states that the Ministry of Munitions is anxious to .proceed as rapidly as possible with the lifting of the wool now in store in New Zealand, but at present the accumulated stocks in Britain are almost beyond the capacity of the stores. If the sale of this accumulated wool were forced by heavily reducing prices the value of the New Zealand clip would be affected. It is with regard to this difficult position that the New Zealand representatives were asked to sit on the advisory body. The Ministry of Munitions is of opinion that nothing is likely to be done in the way of sales to Continental countries unless the Imperial Government were willing to give credit under conditions that would make ultimate repayment a highly speculative risk.

# The High Commissioner added a warning that New Zealanders should be specially careful in getting up this year's clip, when further auction sales open While heavy accumulated stocics are still on hand, buyers will not be inclined to purchase clips which are badly classed and poorly got up. 'There is'likely to be a very marked difference in the value between flner and coarser tvpes of crossbred wool, and if a clip of mixed wossbreds be carelessly classed its value w far more likely to be assessed Vn the coarser grade than on the finer grade, Seedy wool should be kept separate.