LONGER SELLING SEASON FOR WOOL ADVOCATED.

Star (Christchurch), Issue 17995, 4 November 1926, Page 15

LONGER SELLING SEASON FOR WOOL ADVOCATED.

By Telegraph:—Press Assn. —Copyright. Aus. and N.Z. Cable Association. LONDON, November 3. Colonel F. Vernon Willey, late Con troller of Wool Supplies, in an address at the Royal Colonial Institute, declared that during the past eighteen months all stages of wool manufacture, between grower arid retailer, had been unprofitable, but growers and retailers had had adequate rewards. The governing factors in wool textiles were the worlds decreased buying power, and the attraction of money in other directions -for instance, motor-cars—also vagaries of fashion and the relative cheapness of cotton. The best correctives would be the collection of fuller statistics, a revised system of distribution and a future market for wool tops. Wool was the only leading commodity without a futures market. Colonel Willey also advocated an extension of the colonial selling season, because the trade's resources were no longer equal to lifting a year's production within a few months. An extension of the selling period would help to straighten out the price curve and correct intermittent employment.