NEW-SEASON'S WOOL.

Press, Volume LX, Issue 18231, 15 November 1924, Page 10

NEW-SEASON'S WOOL.

-' FIRST SALE ON MONDAY

(srrcLSi 10 "THB-raEES.'')

W-ELLIXGTOK.'-IsoVember 11

-• For the opening wool Bale of the season', to ' held- here : on -Monday, '6oi*6' bales ar'e catalogued,'as compared with 12,556 at the-November sale last Year, when,' however, a considerable quantity of carry-over wool was offered. There would have been a much- larger: catalogue for Monday were it'not for the adverse weather conditions' and the floods preventing the delivery of. wool into store. Over 300 bales which* were expected- to' reach Wellbigton ; early this morning had to be shut out of the catalogue as the steamer bringing the wool was, at the last moment, delayed on the coast. Notwithstanding the small offering, a good sale is anticipated. There willbe a full bench, of buyers, and prices are expected.to be.well up to the highest point reached last season. ■ Keen interest is'being displayed in the sale on ■ account lof the likelihoodof unusually .vigorous! competition fromi America. It is reported on aU sides that America is suffering a great shortage of wool, and it is understood that some.of the American buyers have been instructed to. obtain supplies regardless of cost. There is a story abroad that America is likely to lift the duty on/wool for the time being, and if this'proves to hethe case.the. buyers, will ,T>e. able to go higher than has been, their; privilege in the past. Ho-weveri no confirmation; of this information could bo obtained to-day. A buyer for an American firm,'to ; whpm the matter was referred,/said he had heard, the rumour, but had had no.advice, a,s. .to its accuracy. . He thought that had.it been'correct he would have been advised. The head, of * the wool dopartnient of a Wellington firm was definitely against the story being, correct. "There will be. nothing like';that happening,", he /said.. "President Coolidge is out for high duties, but what he will do is to. leave the duty alone for the . time - being. The position's that'ho one cares whether itis higher or lower, so long as it is left alone arid not altered. Then "they know where they stand. .1 .therefore,.;..that President -Coolidge will"leave the duty severely alone. The, duty on .wool going into America ; from New . Zealand amounts .'to about one.shilling per pound. America's shortage of wool is attributed to! her attempt 'to ■; rely- on ;• her- own' production." .

(SPECIAI..-TO; "THE PEXSS.")

AUCKL AND,|November ) 14.

.-■■'" Wool'fpr- the first saje ,of - the season. in .Auckland :qn December 'sth is jnow coming to handv in. : ;fair quantities. There is'y'e't no great rush'to the-stores, arrivais ,, are .next week. - Tho wPpl ; coming-forward '--. is opening -up we11..-'.SPmo -i of ;',the clips are'ligliter in Quality;"than: usual\owing to.; the. wet winter 'experienced,; but • the woolas-cleane'r than, usual: -A' gratifying', feature is the greater . attention, being'paid- by: growers vin preparing ■their"''clips v for market; been:;a ; in^the : number of • applications' "by /growers ■ ■ V,te -;} hayp their ciipsfrecias'sed'in;-the'stores. ;■ This should' returns .bping'receivedlbyi - should;;also'; bo; found I'much.^' : ib'retl..satisifactory;,;,*l3y' buyers./- -work of v «tiie -lattfir,Cypll bflfniinimised.^pwiug••vtp; l >that off erings- in grades ol£..'.a,vmuch: more'- .un^qrm : ' ; ystandard.. Another;; satisiactorpif eaturo v^tiatii.o-, :"ftec't6.;cr.edi£~eri roUttd-improvement"in tiie|wqol^;-This; was* expert,"t'whq: stated?-thatVthere .ha'd-been. a/gradual'.''inipi ; 6 veirient' during .recent; ■yreais,-and-this.. season..the^q.ua■lity-»waa] better than l '■;ever/;f;The .-higher ; standard attained;; 'fl'ockv improvement. Grp'we'r.sinovv.re'alise'dithp-advantage's pf ! breeding-frpin the pf ."-the s., careless bresdfcr.> was *gdije,; ie ~ said,'':'and*U'hei'imprpved "quality'-of !thq .wo.pl produced;in.", the ~pr6vin ; ce\wpu}d stand':to /; the-growersi in., itnov event fpf' :»ia *wo.6T; prices. :: . :'■ \ * ■ ••;•

■tries,, attended 1 . Conference K in-li!Qndon -last: week." •■ v ~ ,-. In -view . of/ the; fact; that;;Gerrnany proposes 'to. double. >. tier ; :. ; tariff,.>i'wja,U against,English'goods .'^hen\tlie , . regulations ,; of;' '• [ 'treaty empire next j January",, it": is ;iiiiferesting to,, -note j/that- the German, delegation was,ithe largest. •• "■< i" -.-'• '-} 7i -i"':' _ Paxil-in'-'a -paper: on;' 'The-Eiiscal _Adyahtages of ; Free :'Tratle v . Over' ''ProtectiotfJ' ' .'«s'ai,d that ;|>ro'gi: , oyer'.to the arid: especially; tp jhe .•.adoption,.;: of »;■;; a graduated inbomo-tax....'England* 1 ; was the leader;in <3erma<i]y and-;ltaly :.'Tlio •United 1 States;an'd : Prance haa.also.recently :. i detennin^\ , gradually .a,, system of; '.Phb transition tol direct; tekatibn' hail. .been connected usually; with "'a - of duties, The example' of Englandrin the;' 'forties l ' he'regarded, as .specially praiseworthy, '/.the; ■• -''being introduced almostrsiniultanwusly'- wi^ l Free trade.. - ;TJie ;Ainericatl- ; T£rinVKeforiri of ;1913: xas'. thatrit, brought.. obb|it.- a,'great' 'reduction of; Protectionist; ; duties,' .together W.ith'-the- adoption' of-, the-income^tajiv. -'On ,; the-'other hand,. >in: the '/Budget of 'countries enough,;to out;, direct.' Protectionist-;duties * with s 'high : fi'gufesi played I Jthe ■. chief.;.' parti< ;•', •' .policy was • ; of enorinous- ..- .importance from .the -fiscal pointi.-of view. -■■ v Free Trado; -helped Substantially towa.rds inakirig taxation, more■-efficient,;':more regular,,'ajid,' niore^just;;/aridi was ; of the'.greatest: Talue /to', the ' State 'tiafc wished;to. ■ perform.:.all";itstdutibs.. ..'.'■

• Therev is- nooiew • jdeavini.tbe.' fallowing letter ,vhich * appears in • the -' '. 'Morning PbstVbut "tile: facfcthati itfis ;writtea by,. Lady f Sandbn- • Hiill, sh«ws. that 1 ;the\ principle' set" forflifis '.;. r ' : - '- ,v' ' ■.'■-, ,^ s^a/V:lovfir."rof: , ajhpuseff-ifeii,' 6,'flp:,writes", ■''niayvtraake' a .suggestion:tbat;i)jl. housewives-should instruct their :;to^supply products■' frbm ; ortr iDdminions, ' ratter *i- &'i r • f6r l e 'S n '' »'■ countries, . and should, satisfy;' thejtnselfes v that'- ih'ia order,.'irhich, by .tty/;own.'experience, is,pr;icticabje. -is carried ioiit?. If'this Xerft done •air; over -the: country, systematically lit; -irouldrcreate ta <very: real preference, and -would ! be Tiiuch.'--appre-ciated hyf 'the; seas, - «&• them :meht I'who fought;; fpr, the arid- Who* are tatm;>o{7aUKMnds. v ;,, Zj : v >-,. ■. \Q^ "Stahv KousewiYesC^er^xmteM^to °?y 3 . 6onietimes '.pOTh'ans'uhwittH»ly, Yanißh asragainst 'ana'vAustralian ;• 'rEetaritisia' dri*! of =and oputfc;:Afncan ■; Norwegiaii assagninst Canadian, -salmbiij iinstead of Sduth-VA&icaa> aid Australian;- Island bafcaiSas the nothing- of the husbands = -who' '■has American; tobacco, -wheiir. they, might : : "I*>:<*>&" ;incideritelly ( > 7a means to; the purchaser,and; aJsoVK'therreiailer; the . potentialities ", of b!iir §*?* in British Empire • Exhibition.",' '. ?*adi the authorities. ;see : .tbe'ir'XTray; itOy.Tfrbpea- it, next--, year.'' J ••' '';' •;■ •.. » r : ..,-'.■ ...-;. - .. : .~ :" :. - ; : ■ ;■- /" •■•'...i':'a <■..<-'>.,.;,' :