WOOL DISPOSAL

Taranaki Daily News, 24 December 1923, Page 2

WOOL DISPOSAL

LIMITATION AT SALES.' In relation to the resentment caused at Wanganui by the action of the Wool Committee in limiting the number of bales to be offered there at the January sale, as compared with Wellington, Dr. Reakes has issue a statement through the Press Association in which he explains that by limiting the offerings both the growers and the trade have been protected by the adverse consequences of throwing unrestrictedly on the market excessive quantities of wool. Besides which it has enabled the gradul disposal of the surplus wool held by the Imperial Government, there being at the end of November only 193,000 baleei of Australian and 77,000 bales of New Zealand left in the hands of the E.A.W.R.A. for disposal. Dr. Reakes claims that the limitation method has acted in the 'best interests of the growers and the trade, not only in New Zealand, but also in Australia and London, and he points out that as the result of the dry season in the Dominion much greater quantities of wool will be available in January than usual, so tliat both growers and the market would be likely to suffer if the wool was put on the market in excessive quantities.

So far as Wanganui is concerned, its ajlottment is 212,600 bales for January, as against 18,10$ last February, when the total sold amounted to 18,018 bales. The 22,500 bales is 6700 in excess of its proportion, while Dr. Reakes asserts that Wellington has never been allotted its full proportion as compared with other centres, and lie regrets that the question of Wanganui v. Wellington should have been raised.