The Temuka Leader SATURDAY, AUGUST 20, 1932. ON WOOL VALUES AND THE DEPRESSION

Temuka Leader, Issue 10894, 20 August 1932, Page 2

The Temuka Leader SATURDAY, A UGUST 20, 193 2. ON WOOL VALUES AND THE DEPRESSION

117001 A! ROWERS in I Ik 1 Dominion who have faced lean times n„ account of ll,e values ruling lor tlus.siaplc, have he mournful consolation nl knowing t hat then > I( A iun v .■ ■ arc in a similar plight ; hut there may lie a hint ol 1,( -- tt ! 1 . behind (lie movement in some quarters ui hnjrhiml product for an improvement. Some outspoken m me S ' lines was uiven to Leicestershire farmers at a meeting of H National Fanners' I’..ion there, by Mr. JI. T Hineks.. who st ns*d the fact Hull, while wool was not worth selling a p I (this was earlv in dune), it did not deteriorate by ke.pni, a. .1 when the market was rising buyers as u rule were “)ak“ anvthiin-.' : It is certainly not very good advice to hold woofir prices arc on the downward grade: may not Zealand perhaps lake some encouragement from th o I lie English farmer) Has the depression at Home touched rock bottom.’ Are wo as Wtf.srs g-j Wnrd ({rowers .Ltd., met recently, it was reported that the So(detv had received many requests to collect and hold wool on Si,';:) nu.mlK-ns nrxl T» mvH lids *mm. Hie <.->.inul ™ lii'cidud lo Kivu every sender Hie opportunity ul consign nip Ins wool lo the Society under one or two sets of conditions and each one will lie asked to stale on a form which course lie decides o v The first alternative will be to receive a small immediate advance payment and to have the wool sold before .December■ 31, J.j32 at the discretion of the Management Committee. 1-he other ’ I ..,;ij i )e for tiu> sender to ask for his wool to Ik held proposal . •.(I'v-iiico to he made ]f commodity unl-il im immediate auwincc io nc .nuiui. y . values should improve meanwhile, provision is being made _ ) Jhc members concerned to vote a fleece basts as to whether they will have the wool sold at once or held until 1 dom ni accoidaue'e with the original proposal.” If these British farmers are holding for an improved market, we may take at least u little cheer,from the fact. __ _