PRICE-FIXING OF WOOL
DISFAVOURED IN WANGANUI. By Telegraph.—Press Association. Wanganui, Last Night. Regarding the decision of the Gisborne Farmers’ Union to approach the Hawke’s Bay, Manawatu and Wairarapa sellers of wool with a view to fixing reserve prices for offerings, the Wanganui provincial executive of the Farmers’ Union to-day decided that the time was not ripe for the establishment of a prieecontrolling wool board. The New Zealand president (Mr. T. Currie) said that, on the basis of land at £8 per acre, it had been stated that the production cost of wool was 14d a lb. Apparently reserves would be made on this basis. Continuing the president pointed out that most wool growers put reserves on their wool at present, but if this new proposal were put into effect, he thought there would be grave danger of ruining the New Zealand sales. They would notice that there had been great activity’ on the Stock Exchanges in artificial silk shares.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19270915.2.75
Bibliographic details
Taranaki Daily News, 15 September 1927, Page 9
Word Count
159PRICE-FIXING OF WOOL Taranaki Daily News, 15 September 1927, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in