THE WOOL MARKET

Waipa Post, Volume XXIV, Issue 1666, 24 September 1925, Page 6

THE WOOL MARKET

NEED OF STABLE METHODS OF BUSINESS. A YORKSHIRE PAPER'S VIEWS. The Yorkshire Post,,commenting on the proposal of the Wool Federation to entertain Sir John Biggins at a dinner at Bradford, says:— "Now that the wool growers have sealed the fate of the latest proposal to establish some form of control, we hope that the wool trade will not be further worried by any uncertainty arising similar to the proposals of those engaged in the wool trade. The wool and textile industries throughout the world are anxious to settle down to stable methods of business, and it will be the best for all concerned if disturbing outside factors are drastically eliminated. The importers cannot hope ever again "to be allowed to have quite the same scope in the speculation of Australian wool as was the case in the past, when speculators were able to use their capital to good advantage by acquiring wool, holding for a rise. Wool growers now believe that by clearing their wool in too short a selling seasoa they allowed themselves to be exploited by speculators, but they keep too much in mind the profits" made in rising markets, and take too little heed of losses from markets after much of their wool has been sold, and before it can be put into consumption at the various textile centres. What happened .this year must have made them realise that there are ! two sides to this question, and that there are often big risks in carrying wool as well as profits."