WOOL DISPOSAL.

Taranaki Daily News, 12 September 1921, Page 5

WOOL DISPOSAL.

THE GRADUAL RECOVERY. B.A.W.R.A. DISCUSSED. ■ By Telegraph.—Press Assn.—Copyright. London, Sept. 9. Commenting on Sir John Higgins’ speech on September 7 ? the Yorkshire Post says: “A gradual recovery from the slump in wool was inevitable, and would have come if there had been no Bawra. Improved economic conditions are responsible for the return of confidence in the wool industry. The larger sales and firmer markets, which Sir John Higgins claims are due to Bawra’e action as an instrument for regulating the flow of wool to the markets, are largely, be it remembered, at Britain’s expense, as rationing mitigated the financial crisis but had nothing to do with the restoration of economic conditions, the return of confidence, and the greater consumption which are responsible for the improvement in wool values. Growers will doubtless see through the sophistry of Sir John Higgins, and will probably ask why now that Bawra has so little good merino to offer should merino growers any longer tolerate this syndicate interfering with their private selling. Important wool interests have already declared in favor of the removal of control, and users will be surprised if they consent to a further wool selling policy dictated by Bawra. The regulation of offerings can easily be arranged in conference with the selling brokers and buyers, thus the expense of maintaining Bawra can be saved.”

FORWARD ALLOCATIONS. FOR AUSTRALIAN SALES. Melbourne, Sept. 10. Sir John Higgins has announced that the conference of wool representatives unanimously agreed that the allocations for October, November and December should be 150,000 bales monthly. It was generally agreed that every endeavor should bq made to sell the incoming clip by July 31, subject to market conditions and the demand for raw wool.

Sir John Higgins added that the recent conference had modified the resolutions passed in March, 1921, in the direction that the quantity of wool allocated for Australian auction be not less than the British offering, also that the Appeal Board take action from time to time to protect the market value of Australian wool.