AUSTRALIAN WOOL

Wanganui Chronicle, Volume 83, Issue 301, 21 December 1939, Page 8

AUSTRALIAN WOOL

ARRANGEMENTS WITH U.S.A. 1 , i i EXPRESSION OF APPRECIATION , Received Dec. 20, 5.5 p.m. BOSTON, Dec. 19. Agents here of the Australian buying brokers passed a resolution expressing sincere appreciation of the courtesy and efforts of the Australian Government Office to achieve satisfactory arrangements with America to obtain Australian wool. The resolution also expressed appreciation of the Central Wool Committee’s use of the regulai channels as tar as possible for the disposal of wool in the United States and gave an assurance that the agents would do everything in their power to ensure successful working. The Australian Associated Press understands that comment on the scheme continues to be overwhelmingly approving. It is pointed ou that an odd man said the price was a little ’ on the high side. On the other hand, a journal like the Commercial Bal'ctin. in an editorial, expressed the opinion that it was on the low side. Australian circles aie zonxi.iec! that the great bulk of the trade fee’s the scheme is constructive and by the end of the week the immense te.nmcal problems will be completely ironed out. They admit that unfortunately the arrangement falls m the holiday season of relative ina livity, I but when the acid test comes a month hence “we will sell wool that will successfully demonstrate the soundness of I the scheme."