DUNEDIN VIEWS

Evening Post, Volume CIX, Issue 42, 19 February 1930, Page 10

DUNEDIN VIEWS

(By Telegraph.) , (Special to "The Evening Post.")

DUNEDIN, This Day.

It is maintained here by brokers that they have iad nothing to do with restricting the quotas to be offered, and thus drawing protests from the overseas buyers. One broker said he ~would guarantee "hat every firm in Dunedin had given its clients but one advice— that was, not to withhold their offerings of wool, but to sell at the best price they could obtain. If, however, clients refused to place their wool on the market, what.could firms.do? Moreover, if clients came to their particular firm and asked for an advance on their wool, what was that firm to do? They had the security and if the farmers could not borrow from one iirm there were plenty of other firms who would lend it to them.

Another broker, denied that thero was any: combination of buyers. It would

be hardly possible to rig the market. He said that at a sale in Christehurch, whatever some buyers may have desired, other buyers wanted wool, and as a consequence the price had advanced id per lb. Another broker was asked - what the position would bo if, overseas buyers refused to bid. "The alternative is very simple," he explained.' "The wool will have to be sent to the London market and tho price offered there will have to be accepted."