THE WOOL MARKET.

Taranaki Daily News, 17 January 1921, Page 5

THE WOOL MARKET.

NEW DISPOSAL SCHEME. COMMENTS IN AMERICA. By Telegraph.—Press Assn.—Copyright Received Jan. 17, 12.45 a.m. New York, Jan. 15. The New York Times, commenting on last week’s sales of Australian wool in London, points out that it will be interesting to watch how the schem& ; by which Britain will turn over her holding* to a company representing the growers will work. The odds are against success. There is so much wool available that it will take years to dispose of it. Mean white, the expense of carrying stocks will increase the cost temporarily. However, the plan may have the effect of raising the price of wool to the woollen mills. The American mills are gradually beginning to work again, though the spring fabrics demand is light, and lower prices for spring and fall goods are expected. —Aus.-N.Z. Cqjfle Assn. ’ , I REALISATION SCHEME. " WITHDRAWALS FROM AUCTION Received Jan. 16, 5.5 p.m. London, Jan. 15. The British Wool Federation is sending a deputation to the English directors of the Australian Realisation Association to enter a protest against the policy of withdrawing the greater portion of wools submitted to auction in England.—Aus. and N.Z. Cable Assn.