WOOL MARKET.
RESERVE PRICES JUSTIFIED.
REASON FOR “BAWRA’S” POLICY.
By Telegraph.—Press Assn.—Copyright. Received May 18, 8.5 p,m, London, May 17 Sir Arthur Goldfinch (Director of Raw Material), in a letter to the newspapers, says “Bawra’s” policy is very sim* pie, and ought not to be open to misunderstanding. The view “Bawra” takes is that the fall in prices of wool has gone far enough, indeed, too far for any useful purpose. To allow prices to fall further would not increase consumption to any material extent, and the policy imposed by the situation is for sellers to recognise the necessity for a heavy carry-over for a long period, and meanwhile agree among themselves to keep the market fully supplied at the reserve prices mutually agreed upon and not too far below the minimum cost of production.—Aus.-N.Z. Cable Assn.
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https://paperspast.natlib.govt.nz/newspapers/TDN19210519.2.58
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Taranaki Daily News, 19 May 1921, Page 5
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137WOOL MARKET. Taranaki Daily News, 19 May 1921, Page 5
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