WOOL MARKETING

Wairarapa Times-Age, 17 June 1938, Page 7

WOOL MARKETING

NEW ZEALAND METHODS CRITICISED SELLING SEASON TOO SHORT. ACCORDING TO DUTCH REPRESENTATIVE. By Telegraph.—Press Association. Copyright. (Recd This Day, 9.5 a.m.) LONDON. June 16. That wool has nothing to fear from competition from substitutes was the opinion expressed by M. Maurice Dubrulle. presiding at the International Wool Conference. He declared that substitutes had not decreased the consumption of wool, but competed with cotton. Herr Scheller (Holland) said the New Zealand selling system lagged behind that of Australia, which was nearly perfect. The introduction of the Australian system into New Zealand would be an advantage to growers, to buyers and the industry generally and would result in less sharp fluctuations. Herr Scheller added that the total duration of the New Zealand season was too short. It should be spread over six months. This would have a smoothing effect on prices a condition most desirable in the present uncertain times. Herr Scheller also expressed the opinion that the Federation should tell the New Zealand authorities of the danger of statutory measures prescribing that a portion of the wools offered should be offered as scoured. Herr Scheller’s paper was vigorously opposed, the conference declaring that buyers had no difficulty in conducting business under the present system. The conference passed a resolution unanimously opposing the scouring of wool in New Zealand and agreeing to a recommendation from the New Zealand wool interests, that when market conditions warrant, offerings be limited to a maximum of 24,000 bales.