50 years ago

 VICTORIAN Farmers’ Union leaders want the Australian Wool Corporation to declare a “bedrock” price for wool sales in the near future. The corporation may be called on to take the action after important meetings in Melbourne today. The VFU’s pastoral division chairman, Mr. John Silcock, of Gringegalgona, north of Coleraine, told the Spectator yesterday: “We believe wool prices have fallen enough this season.”  Mr. Silcock said the corporation should announce a bedrock price for wool now – and that price should be around about the present price levels. “It shouldn’t allow anything to be sold to the trade under the price,” he said. “It must take a hard line now.” Mr. Silcock said he had recently discussed this action with VFU president, Mr. Jim Heffernan, of Bringalbert, near Apsley, and he also shared the view.