Show WOOL MARKETING CORP DISCUSSES PROBLEMS open letter setting furth marketing problems of growers those who do not want the american wool grower to have his own marketing agency are aie stressing sti essing quite ener goti cally the fact that the national wool marketing Mai corporation has 1 as not made final arial returns on all 1930 wools in answer to this we would point out thit that beyond doubt the corporation could have sold bold considerably wore wool to date and made final returns on much of the 1930 1030 volume but it would have hav e been at the sacrifice sacrificed of the most fundamental objective of the grower controlled conti oiled organization 10 to lo gt get full value for all wools we confidently expect that the bulk ot our oui 1930 volume will be moved before the new clip reaches leaches the market and we feel will be strengthening prices pi ices certainly the date of final returns is secondary to results of this nature had we moved wools more edily without regard legard to price the market here heie would have been driven down to ruinously low levels and w wi would have forfeited the chance to participate so full in in the improvements now developing and those forecast for the immediate future in in the textile industry ind As such points are aio advanced tu draw support from the cooperative inar marketing program pio giam growers glowers should not overlook that dullness of the marketing mai period was alc tlc principal factor responsible for inability to make earlier returns we vc are quite frank flank to admit however that the co operative pera tive never can hope as a general rule to make returns as early as the independent dealer who takes wool on consignment therefore we hope that growers will recognize that date of final return is but secondary to io other im imports important int considerations far moie significant from his stand standpoint p should bould s be the sound business busine s insurance he obtains when lie be signs with a unit of the national wool marketing corporation there is no doubt but bt that in in years of a maye moie the cooperative r can make returns with gi greater eater speed the year 1930 cannot be taken as a cri criterion terion of what can be expected in the future despite the efforts of many to make it appear appeal so in years 0 of f nearer normal boimal maibet activity we feel eel sure suie tint that growers will find that f fust returns are aie not necessarily the best dealers may offer quickest re turns but it always alvais will be the aim aim 0 of f the national wool marketing Mai corporation to give five them the best certainly tie the results accomplished for foi the growers during the past year dull though the market was greatly outweigh tile the factor of date of final reports on sales analysis of the consignment contract adopted by the wool dealer shows the growey will pay dearly for the quick with they are aie tempting growers p ri for evi aple the trade consignment contract conti act pro pio vides only four months in of free storage after wool is is received in in doston boston against six sia months under the coop creative plan the dealer will have wool bought outright and wool v ool consigned which wool will pet got preferred attention his own or that beld 1 eld by the grower in the national wool marketing Mai corporation there is is no such conflict the corporation is is interested only in in get dinv for foi the gower full value for every pound of wool it receives receive we were very much interested to hear 1 eai one of the oldest wool traders on summer street remark the other lay day that with the foreign exchange rate late so low the situation in in this country needs attention as badly as was the case in 1920 when the emergency tariff was enacted such an analysis strengthens the contention of nany many that a temporary tempo iary embargo on foreign wool is the need of the present the notional wool corporation corporation and the national wool growers association together with the various subsidiaries of both organizations are cooperating to see what can br be done in this direction wool growers can help by calling to the attention of then their congressman in in lW washington ashington the need for additional protection to offset the sharp decline in foreign exchange rates lates grow growers cis not in in close cloe touch with the wool situation ca cannot fillot fully appreciate just what it meant to the american amerian grower glower to have the national N woo marketing Mai corporation take its birr stand to halt foreign importation F figures from the united states de pait part ment of commerce show import of wool during december 1930 dp de dined sharply compared with th same month in 1929 imports 1 1 I we woo 0 for clothing purposes amounted t tf only pounds for 1930 against pounds for th same month in 1929 because of the corporations interest in protecting the domestic market for the amor amer ican grower foreign wool eions are the lowest in a long tim hinr and represent almost entirely specially wools which cannot be supplied from the home grown clip As indicated in our last market news letter the heavy clearances IT ir australia have beba encouraging aging it lias bas been said that much of the woo from australia was taken in lieu 0 01 cash settlements and that it boup appear later or resale at I 1 ondon bondon OUT our advice indicate this analysis incorrect most of the wool from Au australi strail ia has gone to manufacturers and the volume for resale is smaller than it waa wa nt at the th last sale |