HOLDING WOOL MARKET
“SYDNEY HERALD’S” COMMENT,
(Australian Press Association)
(Received this day at 10 a.m.)
SYDNEY, Fob. 20.
Under the heading ‘.‘Fallacy of Price Control,” the “Sydney lW.Tiiing Herald” editorially condemns the proposal put to the F'cdoral Government to aid a scheme for the holding o.f the market of two hundred thousand bales of the season’s wool clip and a similar quantity next season in the hope prices will increase. The “Herald” points out the growers have a right to do what they like with the wool, either combine voluntarily or offer the wool when and how they please, but they have, no right to coerce into their line of action, any of their class who do not agree witli them. The Government would be fa 1 e to its trust if it used national credit in a. scheme to maintain prices temporarily with a grave risk and the Treasury would have to meet the deficiency.
Wool prices to-day are what they ore because of increased production. There must bo no artificial control end wool, therefore, must work out its own salvation.
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Hokitika Guardian, 20 February 1930, Page 5
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182HOLDING WOOL MARKET Hokitika Guardian, 20 February 1930, Page 5
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