AUSTRALIAN WOOL

Wairarapa Times-Age, 16 November 1939, Page 6

AUSTRALIAN WOOL

PROPOSALS IN UNITED STATES. NOT CONSIDERED SATISFACTORY. By Telegraph—Press Association—Copyright. NEW YORK, November 15. American wool interests, keenly desirous of seeing the wool disposal scheme promulgated, have been making a variety of suggestions and groups with rival ideas are publicising a number of concrete proposals. The chief of these is the creation of a syndicate or pool, undertaking the disposal of the Australian clip in 50.000 bale lots. This, however, lacks the support of the major wool groups, notably the Boston Wool Trade Association and the National Association of Wool Manufacturers. The latter offers an alternative under which wool would be auctioned on the basis of catalogues prepared in Boston from descriptions cabled from Australia, with a reserve price fixed and an independent auctioneer without connection with the wool trade. Mr MacGregor’s reactions to these proposals resulted from a natural response to the British Government’s purchases of the clip at a price approximately thirty per cent higher than before the war and their right to determine the proper method of disposal. Most competent observers, both Australian and American, however, inescapably conclude that both the above schemes are unsatisfactory.