FINANCING WOOL.
GROWERS AND BROKERS CONFER MELBOURNE, Feb. 4. A conference of wool growers and brokers is being held to-day to devise plans to finance wool, which, it is contended, must be withheld frond the market until the consumers are ready for fresh stocks. The industry is courting disaster, its representatives assert, by continuing to force more wool on the market than the world’s buyers require, with the result that the surplus must be sacrificed at the speculators’ own prices. Growers have hitherto been selfreliant and have eschewed Government aid in the marketing organisation, but it is believed that an appeal for financial assistance to tide them over the present difficulty may be decided upon by the conference.
They recognise that the Scullin Ministry has shown a desire to help the industry.
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Bibliographic details
Timaru Herald, Volume CXXV, Issue 18491, 5 February 1930, Page 2
Word Count
132FINANCING WOOL. Timaru Herald, Volume CXXV, Issue 18491, 5 February 1930, Page 2
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