WOOL TRADE.

Hokitika Guardian, 11 September 1924, Page 2

WOOL TRADE.

.MANUFACTURERS GIA'K POINTS. 'UBTRALIAN ANU N.Z. CA»LE ASSOCIATION LONDON. Sept. !). The wool growers and spinners met lor a heart to heart talk at Bradford at the invitation ol the Chamber ol Commerce. There was a leprescnlativi* at tendance of Australians and New Zealanders, including Sir T. MacKenzic In welcoming the guests Mr Aykroyd said the spinners did not desire to dictate. bait sought the co-operation ol' the growers in meetings the traders

requirements. Air Avkr.ivd opened a divciis.-iim mi the deterioration of some New Zealand wool, as a res ii I j of tlie Romney cross producing coarse hairs, and lowering I In* value of tin* liner fibres. The spin--11,. r- wer • of ('iiiuiou that \\ ensley Dale rams were the best rain- to meet New Zealand's dual wool and meat needs, lot several growers dissented. They claimed that better results were now accruing from the Romneys. Coining hi the Australian delects. Mr Aykriivd drew attention to tlie Ir'rmtul result,, in 11l veal's from tin* relMl induct inn of the Ycrmont st rain. ■|'|i,. conici'ciici* considered the marking of sheep with tar. etc. The producers welcomed an announcement by Sir Henry AAbitehead that exocrinieiits were proceeding with a new solution, which, it was believed, would stand the weather without damaging the wool. A representative of the Bury hat manufacturers mentioned their inability to buv .Australian or Cape wool owing to tlie presence of tar, which tie* experts were often unable to detect until the final one of 1C processes through which the hilts go. had been reached. FIN \N<'lAh ASPECT. LONDON. Sept. 10. Speaking at the Rradlord auction. Mr llarrv Dawson claimed that a 23days' sight draft was virtualy equivalent to 20 per cent, per annum, while !IJ day drafts were equivalent to an export' tax ol 2- per cent, to If per cent, in tin* case of Australia, and 3:! to *'R per cent, in the case ol New Zealand. Alluding lo the anxiety over .Alt Brin*" (the Australian Premier’s) proposed action re credits, lie said the serious aspect was the banks’ intimating in coimection with tlie issue of Hie wool erdeils that ii was optional I'm tin* hanks to negotiate bills thereunder.

Mr Walter Andrews urged Australia and New Z "aland to adopt packs made of noil. instead of I’ibiv. The latter, he said. , ■lftised half a million sterling of damage minmillv. The woollen pack costs less. The buyers Mould he prepared to pay half tile cost thereof.

Mr Dnnsun spoke of the need ot arresting the shrinkage of .wool prodttclinn. which, at picscut. v.as one million hales bclmv the needs. Ihe speakers emphasised the tragedy of the Argentine maa 11 exporters supplanting New Zealand, Australia and Africa. , Mr !''airbiint. summing up. said that the exchange dillicnlty was due to a shortage of hanking facilities. IACI.'IS IN PACK IXt LONDON. Sept. S. .\l the Wen! 11 rowers' t onferenee at Bradford. Mr Walter Andreas raised the question ot the Mool packs. Itcli ning to Merinos, he said the Dominion piudttccd wool uheroof they ought to In- proud, lint which Mas packed a Immi icdly. He sugge-tod that the 1 1 tide might, lulii the groan- by retnruing tin in t!-e bags, ufieli should I ,• sv-teieati'i'd.

Sir William IVTstl'v eotuplmni"! that the Mages .if memlei-' and bin let'amotititeil to .11 per eeur. of the total wages, m In*t e;t - tl'irvv vi'itrs ago burling v. as not !!"e:n d. il" .ippealeii to the p (idac. rs to sec that the wool Mils frei from liieaii'ii. No lean had any right ‘o -end mdol to Ft.gland unless he had every eonlideiire ill that Mool. ]|c explained that .the present packing produced jute faults as well ;;s Imris jp the wool. causing a (on-idornhle l".-s. Mr Andrews snjil be believed that a business arrangement rn'ild be reaebed M'hereby specially prepared bags could bn returned to tin- producer and used several times, resulting in a saving ol £l()i).0!!0. The debate m’.'is .uliou rnoi I. A note of alarm Mas sounded regarding the world shortage of mool. Mr Dawson urging the increase of the (locks within the Kmtiire. Mhich presented great difficulties, notably South Africa and W.—tralia, Sir T. MacKcazie (New Zeal-me ged the conservation 'if trade within their own peoples. He -aid Britain Mas again taking 'he bulk ot Denmark's butter, a'tboind, Denmark in war time diverted her butter to an enemy country. He emphasised, amid cheers, that New Zealand never gave Britain preference under dure—, but ahvnvs voluntarily.