WOOL TRADE
GONFERELYCE DEC 1 SI(>XS
(Australian Press Association.) MELBOURNE, j„„ e 24. The Empire Wool Conference to-day discussed the stabilisation question and it was resolved that the wool-selling season should be regulated so as to permit ol suitable offering without creating any carryover into the next season, ft was also resolved that steps should be taken for co-operation between the various parts of the Empire in all fu-
ture offerings. A South Australian delegate moved a motion lor the elimination of the draft allowance to buyers, claiming that it meant that the growers were making a present of one per cent, of their wool to the buyers, which was not justified.
Mr Nicholson, one of the New Zealand delegates, supported the motion, which was carried. Genera] opposition was expressed to the practice of splitting the lots atthe auctions. A motion to this effect was carried. The opinion was expressed that the ‘‘futures’’ market should be discouraged. The Conference decided to advocate the need for economic research, particularly in regard to the gap between the prices of wool and those of wool-, lep goods. j
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Hokitika Guardian, 25 June 1931, Page 6
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185WOOL TRADE Hokitika Guardian, 25 June 1931, Page 6
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