PRIVATE WOOL SALES.

Star (Christchurch), Volume LXVI, Issue 20277, 11 April 1934, Page 1

PRIVATE WOOL SALES.

N.S.W. Plan to Combat Deals on Farms. United Press Assn.—By Electric Telegraph—Copyright. SYDNEY, April 10. A plan to combat private country wool buying, which in the past two years has menaced the Sydney auctions, has been adopted by the Graziers’ Conference now in session here. The new arrangement, which was evolved by the Sydney Woolselling Brokers’ Association, aims at increasing the daily offerings and re-arranging what is known as the zone system, so that spinning types will come on the market early in the selling season. It is proposed to increase the efferings, bv comparison with last season to 13.500 bales per day from August 27. This will continue until December 20, after which the quantity will be reduced by 1000 bales per day. The total quantity to be offered will be 688,500 bales. Events have proved that the curtailment of offerings last season was a step in the wrong direction, as buyers were forced to go to the country to obtain spinning types to protect their business. It is also intended that all buyers who sign an undertaking not to buy in the country shall enjoy special trade privileges, including fourteen days’ free storage. One speaker declared that increasing the allocation of wool for sale before Christmas would cause “the loss of countless thousands of pounds,” but the conference decided to give the new plan a year’s trial.