THE WOOL INDUSTRY.

Waikato Times, Volume 107, Issue 17918, 14 January 1930, Page 2

THE WOOL INDUSTRY.

Miwiftiulvi PRICE PROPOSED.

bOP'POSITIQN AROUSED

Lulled Pl'eas Xsstv—Kir-, to;.— Copyr:?n» / . a L.ONDON, January 12.

As might have been expected, the Australian proposal to establish minimum prices for wool aroused considerable opposition. The Bradford correspondent of the Observer says the plan is entirely defective in the most important and particular item. It proposes to tlx the bedrock prices:- but makes no pro•vlsioiii'yyhalevor to ensure any larger consumption; of wool;--; No . one •■•ban reiraonhWy/ object to' the growers aiming atV'Securlng prices for. produce which would not desconcLbelow 15d, and incidentally the-, average for the seasons ..since the war would work out at considerably moire. However, it is Impossible to discover in the scheme outlined anything .•which, would guarantee's u,cecs s. Its .e s seii tial; J e atu re is that' It'‘Visualises holding an Indoiliiltc tfluiptity provldecr tho wool failed to 'find (buyers .•at'.-tho minimum flat rate, ,wlii(ih/:%oul.ci.' inevitably lead .to. a ecu mutation and the. .creation of a worse;: •position', fit ;th:e" olid/ ■ 'A"' bettor plan, tlS’ rxjperiehce lias' ampty proved,’, is to,-, aim lit : :popularising wool com-; moditibs, 1 and.'the-',siurest; and* possibly the ohly-Ayay ttb • attain, that' end is to secure ; 'ii?reduction''jn retail prices, to encourage tlie.tpublic‘. to .delte advantage of, the abundance of' the raw material.. , . - ' 1

Oix' the-question of sales, - the :York--Bhlrc Post-.writes: • It is for the wool growers /.to consider whether it will lie .--better- for them .to sell surplus wpol in their'own markot at the best price they can command during the next three or four months, or send it to London for sale in the hope of better prices later in the year. If a revival of the world textile industries comes, the nearer the surplus wool is to 'the centres of consumption the better will be the prices realised, and London is the market, to.which buyers will .flock if they want wool between March abd'/Septembcr. .' • V'• '