OUTLOOK FOR WOOL.

Taihape Daily Times, Volume XI, Issue 3436, 16 March 1920, Page 6

OUTLOOK FOR WOOL.

DISPOSAL OF MIXED CLIP.

AN AUSTRALIAN SCHEME‘

Some little concern has been evinced regarding the quanhty of wool which is likely to be in store in New Zealand when the next season's wool comes on the mai-ketT‘Tl’le . prime Minister had information from the Imperial Autih'oTitiQS' fllat they BXpected to be able to lift the whole of the wool in New Zealand by the end of December next, but ‘since that date further advice had been received to the effect that the Imperial Authorities had now found that they could not maintain the number of ships they expected cwing to a very large number of the woo] ships being diverted to can-j.‘ wheat. This will probably mean that the new season will commence with fairly large stock of wool on hand. not only in New Zealand, but. in B'itain as well. Unforunately for the growers of wool the price of coarse wool was weakening, and except for superior styled wools was not bringing very much more in London than the actual cost. ‘A determined effort was being made among those interested in the wool trade to induce the public to use a coarser material for clothes, and if they succeeded in this it will tend to reduce the price of fine wool, while making the materials used for dresses, costumes, and coats very much cheaper. By that means the demand would be increased for woollen goods. The Australian growers and wool brokers are now endeavouring to act. con-‘ jointly in the disposal of their coming clip. A digest of these proposed arrangements was published in the Sydney Telegraph on February 12 last which may be of interest to grow'ers:—~ ‘ .' 1«‘..,e,5.%.-Z.:.f,N«*. ‘ The following is the scheme is drafted and now submitted by the! WOOI Council=,-"- 4:“ l_-.« " The scheme shall apply to t}ie~s'ale and disposal of the Australian wool! clip, shorn or fellinongered during the period June 30, 1920, to June 30, 1921. T ’ The council of growers and woolselling brokers will appointa joint council of five from each side ,including a chairman, who shall be one of the grower-’s rc-prcscntati‘-.es, and have i a casting as well as a deliberative vote. i

The general principle of ‘-the scheme I shall be that all owners be asked to send their wool to recognised ‘Australian brokers to be valued in the usual‘ Way, and to be offered at public auction at such times and places and in such quantities as in the opinion of; the joint council can be absorbed’ by-; the wool trade of the world for} iwhich shipping space is available. Each §_j;x'ov;el' shall, be paid the ac-3 tual value received for his individual! clip, less the usual selling charge‘ and a percentage 10 be retained to} form a fund to defray erpenses incidental to the scheme, such percentage not to exceedl per cent, and all nnexpended reention money to be finally distributed pro rata to owners. No charge be made to the grower ‘for storage unless approved of by the joint. council. Auction sales in Australia to be held as soon as the joint council consider it advisable. All 1920-21 wool to be otfered for sale in the order in which it is receivcd into the store. No gro\\'ol”.s wool shall». be sold by private contraegt for export. except by a. recognised woolbroker, and then only after having been first submitted to public auction. That at the discretion of thojoint. council special exemption may be granted to West Aiistfaliziii growers, who ship wool at West Australian ports. north of the 27th parallel, -they may be permitted to ship to London Subject to the supervision and control of the joint council. In the event of immediate auctions not being‘ possible at the usual date the joint counicl must be prepared, through the brokers and other agents for the storin_:;' of all wool as it arrives. When a scheme has been drafted and approved of by the combined council of growers and wool selling brokers it shall be placed before the growers by circular, and they shall be asked to give their consent to place their wool under the control of the joint council.

The method of url'i.ving at the value of the consents and dissents recorded shall be on the basis of one bona fido ;;ro\\‘ol', and om‘ vo’to—Such grower owning equal to threo bales 01' more. Ballot papers to Show the value of wool appraised last year for tho purpose of analysis. ' If {hp cnmsonts amount 10 75 per crrztt of the votes r‘ecordod legislation will ho a:~'l{ml. for on1p(m'o1-i1'~;_;* the joint Cmlncil to t-:u'l'y out the marketin,q of wool and In:lkin;§ it (‘()lll]3U]S(‘rl‘§‘ for all (:I'()\\'€‘.}‘s tn vomc umlor this S('hl‘m(>_ Thn jnim cnnm/il wiH a<«'*(*x't:xin \\'ha( are {he intcniioug of the Illlporifl ’Govcl'nmont rngal'ding the dispo.s':J.l

and marketing of their wool now on hand.

The joint council of groxvors and wool sefling brokers will have power to appoint an executive and staff, with a. chairman of the Fest. ability obtainable.

State committees may be appointed if necessary. On the all important question of finance the Wool Council assures growers that, while no definite arrangement can, at this early date be concluded in this connection, there need be no apprehension as to the necessary finance being forthcoming when it is required. In strongly recommending growers to support the proposal, the council urges that the scheme is a purely de~ fensive measure, with the object of enabling the council as representing the large and small growers 'alike, to so regulate the market that their wools will be realised as speedily as possible, and ‘to the best. adv-antage.

The scheme will be at once placed before all growers for their “yes” or “no” vote on it. The basis of voting will be one grower one vote, and for this purpose a partnership or company will have ‘only one vote. The ballot papers must be returned by April 30th from W'est Australia, and by March 31st from all other States. The rdllurning officer will be a man of unquestionable standing, not interested in growing or either selling of wool. The council will have power to appoint an executive and staff, with a chairman of the best business ability obtainable, to administer the scheme, but it. is not intended that this will {shall be an expensive-admiiiistraition. .'l‘he cost. of this will be covered by l the 1 per cent. retention money, and‘ any nnexpemled balance will be re-‘ turned to the -growers pro rata. The} members of the wool council are giv-i ing ‘their services in a purely volun.‘ {my capacity_. and are not a paid. body. L“ '_:~'~"-‘ , I The Council will be able, if found| necessary, to make arrangements for the shipnienit. abroad of passed-inl wools where such cannot be disposed‘ of in Australia by private treaty at a reasonable figure and should it be’l thought likely by the council that} markets ‘abroad should bring better’ results. "’ l CLAIMS FOR SUPPORT‘.

The \Vool Council briefly sets out the following reasons why the scheme should be Supported by the growers. The operations of the scheme are strictly limited to wool shorn and fellmongered between July, 1020, and June 30, 102]. If the unprecedented aee.unlulati(m. of wool is not temporarily controlled the prospeelts of obtzrining fair values in the future will '/.e seriously en(lzi11ge1"e1l. The scheme has been drafted and t'r:nne(l by :he wool gl‘()\\'(‘l's of .-\u.--' 1l‘:1lliL through their accredited repre.<entati\'es. The il)lL“l‘(‘£<i>‘ of .sio_.ooo woolgrcwers. owning 2,000,000 bales of wool, are at stake. The woolgrowers of Austrzrliti are directly and imlireetly interested in the realisation of 1,000,000 bales of wool estimated to be in Austrziliu and in transit. at June 30, 1920, he: sides 3, very large unknown qnnnxif._\' in London and elsewhere, the property of the British Government. ' \\'oolgro\\'ers are intereSte<l intlle_Se_ to the extent of half the profit. If the woolg belonging to the British Government zln<l the Australian "[92032] vlip are indisr-riminutely placed on the rnzrrket it will he inviting: disaster.

Owing to s('al'(-,ity of sfol-:1{_»‘o and dif’ficuT'fios in handling: in Bl‘i‘r‘lin ’thm'o is :I‘.l'<‘:x«ly :1 vmjv serious congestion of wool T}l(‘H‘. I‘i'nmst oars‘ must be iakon thaf ibis is not :Ig_r_;zrnvatefl. .

Under the scheme it is proposed to first olfer for sale as promptl_v as possible all the Australian 1920-21 clip at public auction in .-Xustralia“. Any wool not saleable at what is vonsidcred value may be shipped. at the (liscretiun of the council.

There is to be no -“fixation of pricvs and no pool. Ea(:.l1 growcr’s wool is to be offered in the order of arrival in the store. The quantity to be offered will be regulated and determined by the demand. The wor]d’s demand for Wo6‘! is determined by ifs jpurcllas.*in.g [pow-er--present financia-.1 positiomof Continental nations has been greatly weakened and complicated. .

Compulsion proposed under the scheme gives the necessary power to regulate the sales in the best interests of the grazior and farmer alike, it having been considere dth-at 21 VOl- - scfiomc is impracticable,

No doubt the wool brokers of New Zoalnnd will givcthe matter lheir <<:ll'Cful cmmicloration, and have an equitable scheme ready for the (lisposal of lhe noxt season's New Zealand WOOI clip.

“The summer sun makes sadness seem so small.”—~Sfanus. True, perhaps, yet “glorious summer” is a. hzmpy hunting Season for (coughs and colds. It is so easy to neglect the sumple sniffle and sneeze ‘—--and ‘the re.<ul'. is a severe cough or cold. Don”: take. chances with your health even in summer. For that cough or cold take “B'aXter’.° Lung Presel'ver” The “summer sun" won’t "remedy the trouble—buf— “Baxter’s” will_ It has been doing so for tthe past 53 summers and this one will be no exception. Have “Baxter’s” handy. A ster—i ling remedy for coughs, colds, sore‘: throaf, chest. and bronchial troubles.‘