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Dominion, Volume 2, Issue 603, 3 September 1909, Page 8

because -so many extra • requirements have t< be met into \)hich the raw material largel; enters. For instance, soldiers who bre : on tin battlefield' must ■ be' refurnished' with new gar ments much more often than, once in twelvi months, the same, as they 1 , are when in : bar racks.; Then there is' the question of wool rugs blankets, under-garments; in ' fact, the' wholi ."kit", is largely:composed of articles into whicl wool in one Way' or another 'enters. /.Think o : nll tho'extra-rugs required: by. the horses 01 the field! Thero'was'not a woollen factory ii this district .but what was running till 8 anc 9 p.m., and in many cases all night, durini the late Japnnese .war, simply because: men': wear,'fabrics, blankets, and rugs were urgeiitl; required. Not only is fleece' wool , taken , n occasions like these,'. but'also "slipes"; ari absorbed by the ton; in . fact, nothing come wrong of a crossbred ; nature. .'I daresay , tli reader will know that crossbred wool, beini stronger in- fibre, will 'stand a little more'-wen 1 amMcar than Merinoi-and it can now be s manipulated in the'finishing department;-tha is,.when the cloth goes through the final pro cess before being, .made into garments, ; tha some most, sightly fabrics .can tie made. . - : . : 'War requirements being so veryr.big, it coi be taken .for granted that ■ whenever there i anything of the, sort in operation,'.wool value are. bound .to appreciate.'. So far. as relates 1 t< the. recent scare, I do'not tliink :it'bns ha< the slightest effect/upon prices,'.for, durin| a] t the-screamihg, values appreciated from tliii source not ■at all! D.uring the: 'London 'Ma; auctions, ; the?' Americaii '-' competition wa. largely 'the cause 'of prices imprbving,', phrti oularly. in crossbreds, for 'sinoe tlnyi Buropeai markets have Slightly receded; All-alike re cognise that Merinos at least are. fast- gettini to the. danger zone,; .consequently, there is particularly among Yorkshire users, a ver sane feeling-. to go ,slow. ' Cros'sbreds'in' Brad ford arc :very. arid;, new,:,' business: ■ ha: certainly dropped off tremendously. At-least consumption fs very well maintained, but. then are vory few;new,.orders offering. -During tin past. three months, supplies ' have, been' exceed lngly heavy, and. 1 .think a' great feat has beei acomplished to finaiice 'a; record' Australasini clip' without ;atoy .set-back; may", with rictualli advancing rates. Hence I say that the wascare and the "Dreadnought", agitation' liavi given no impetus to wool- values whatever, i being, the actual; existing demands :of.users' tha h'avo i beeii entirely responsible for rising, woo values.:': I do' ; not. thinK from what maniifac hirers tell me. who make foi' our own Govern ment that, stocks of army .cloths are any muvi than normal, for : Government contracts- ,havi not - been at air great.ifor'.tho .last two years ■If war /had, to_ break out, : of. which' happil; there , are no' signs,; it. would soon make i marked .diffcfcrice'upon .wool values, especiall; crossbreds, because .there.are no:stocks of woo to draw;: upon as was the case'i'n" 1901.-' I luivi little, hesitation .in: saying that if. there is ■ i .war; within the-next, five years,, it. would 6en< crossbred., values .up 50,- per. - cent., . simply. be cause, the. 'ordinary., normal demands tif Ui< world are such' that ■ tlie ' present Wool • supplie: can be all absorbed.' V..;-' -• LIVE STOCK SALES. ; TUe' New-. Zealand Loaii and Mercantile' Asebcj C 0... Ltd.;' report• that:at tlielr Palmorston sail yesterday, .'with the: exception of -a ' line of ■! and-21-year .steers, very little.-'stock came-lor fvard. .. :Quotatioii3:—26.'2-year, steers, £3; 100 -.2 year ,',tcers, .£J 7s. 6d ; .182 21-year Bteersi £3 17s. oad-co!ourcd steers."£2 ICb. ,