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Star (Christchurch), Issue 17576, 29 June 1925, Page 1

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WOOL TRADE REVIVAL. FAIR PRICE ARGUMENT. By Telegraph.—Press Assn.—Copyright. Aus. & N.Z. Cable Association. (Received Tune 29, 11.30 a.m.) LONDON, June 2S. The wool trade correspondent of the “Daily Telegraph,” says: “The consuming end of the trade has no patience with schemes like that of Fir J. M. Higgins.’ The main point of it is that the users must pay the prices dictated by the growers. Australian grow-

ers have not marketed more than one unprofitable clip in the last fifteen years. Not a single user in Great Britain, in the Continent, or in America desires that the pastoralists shall receive less than profitable prices, but all arc of opinion that merino prices can fall a further 15 per cent and still give the growers a profit. “Competent judges assert that the starting point of a world wool trade revival must be based on sixties quality tops at 42d a pound in Bradford and Roubaix. Even this should pav the growers; at any rate it would pave the way to more profitable prices, ensuring renewed prosperity this season throughout the whole industry.”