DISPOSAL OF WOOL CLIP

Taranaki Daily News, 18 January 1930, Page 3 (Supplement)

DISPOSAL OF WOOL CLIP

MINIMUM PRICE PROPOSAL. London, Dec. 11. As might have been expected, the Australian proposal to establish minimum prices for wool aroused considerable opposition. The Bradford correspondent of the Observer says: The plan is entirely defective in the most important particular. It embraces a project to fix a bedrock price but makes no provision whatever to ensure any larger consumption of wool. No one can reasonably object to the growers aiming at securing prices for a, produce which would not descend below, lad; and, incidentally, the average for the seasons since the war would work out at considerably more. It is impossible to discover in the scheme outlined anything which would guarantee success. Its essential feature is that it visualises holding an idefinite quantity provided wool failed to find buyers at the minimum flat rate, which would inevitably lead to accumulation and the creation of a worse position in the end. The better plan, as experience has amply proved, is to aim at popularising wool commodities, and the surest, and possibly the only, way to attain that end is to secure a reduction of retail prices and to encourage the pnbm' to take advantage of the abundance of raw material. On the question of sales the Yorkshire Post writes: It is for the woolgrowers to consider whether it will be better for them to sell surplus wool in their own market at the best price they can command in the next three or four months or to send it to London for sale in the hope of . better prices later in the year, if a revival of the world textile industries comes. The nearer surplus wool is to the centres of consumption, the better will be the prices realised; and London is the market to which, buyers will flock if they want wool between March and September-