WELLINGTON NEWS

Hokitika Guardian, 5 September 1925, Page 1

WELLINGTON NEWS

l-'At TORS IM-'LI'K.M INC WOOL. (Special to ‘'Cuaidian'’.J WIxLId NH’D *.N, Scpteinhcr -. Wool and wool clothing is one ol the lii'ii re.illy great -taple industries of the world, and it is a pity that il .siionid he continually agitated, up ami down in prices, by psychological factor-. and that i- inevitable so long as it i- diliii itlt. it not impossible, to obtain reliable data respecting consumption. It i- on-y enough to -oclll'e trustv.orlhy. statistics respecting production, but not -u with consumption. The other great world industry, food, is not variable to anything like the same extent. The production, distribution anil consumption of lotul is a far more important industry than clolhiitg and there is mole capital invested in it. lint: in respect to food roiisuuipt.on is steadier, ami increases and decreases are more readily gauged. It is just its ea-y to estimate a crop of wheat as to c-timetc a clip of wool, hut

to estimate the tat, of consumption of wool i-. far more diilieult than lo estimate ii-.- consumption of wheat. Doth arc annual cron-. Ini; one will keep and Li,e other will not. Wool Im- been kept for -even years and hats -till been good, sound and ttaib’e, though slightly di-< ohniivd. i people, however, would care to eat bread made from Ilnur seven year- old. Woo! i-. menaced on everv side. It wage;, have a lower purchasing power the olfeci iqtliekly redee-ed in tin- clothing trade, for fewer clothe- are purchased. Under the same ci I'ruut-l a nct-s fewer l.iavewotlld he lion-ill Iml the percent age ol I'e ! 11. 0 •■ ■ M is a into inva ria Illy gl en lor in clothes I !,a:t in food. Tlu-n again a mild winter would result in .locks of heavy goods being left in the hands of retailers, who would naturally enrtaii I heir orders in (! > ' ••low ing season and so lessen the consumption of wool. (‘oiisumption o| wool is aH'i-elcd liy the int I'nduci ion of a m-w ii lire like artificial silk or cheaper cot ton. A " sea re rise in price will also check eonsumptioit (piite as qub-klv as a genera I trade depression. In e-t in-n I ing the market pro-pect- of wool all tile factors influencing or likely to inlluem o wool mtisl he laketi into con idemiion. and who is there ea pa h' - of doing -ii? Sir Arthur (iohhiueli made some ell'ol'ts at forecasting the market. and hi- clfortproved excellent gtte—cs. hut !:is fore-c.t-t for tin- i• at -i-iimiii we. a colossal blunder, and biowlil ruin to hundreds who accepted him as an amhoi'ity on tie- wool situation. Calculations id lull 1 1 User- and growers have been ion -iderablv np-el and out -11 till- ha-an-.-ii a wan; nf eoulideuee which i- tv-, larding hit.-iiic —. Latterly. however, growers have shown a di-eo-it ton lo accept tin- market as it stands, and current priri-s an- I •••ing uc* cplcd. I u Sydney gfoa-y niei'ilin we d ha- old at -ml to 'JPLI. while in April :;r ;d was obtained, and in Mat'!' r high al;!;.d. Australia is still dealing with the old din o! which there is a considerable carry over. I.ui pre-cully there should be plenty of new wind oil','ring. If greasy merino wool caunot register more then :'; |I J ||. tin’ll he-t el os-bred wool is not likely l" make more than l.lil to Idd per lb. but theft is this in favour ol i ro-sjir. d-. that being the cheaper a i t icle i: i- likely t• > find ia vottr with the lita-ses wlio-e puivlia-oig

power is i i'->(.ri< i<‘<l. ST I’ IK KS \N i) I'nl.lTHS. An a ill !i• 11'it v. nr 'inn v. Ini |>rnt. In !m mi mil ill ir ii v nil t lie |•••I i 1 it •;•! outlook in ll.n i Inmininii, In- e\pres-ed I In* opinion thin tlm I.nhour unrest in A ust rn lin. mill pari iciilarly the railway -srikr m (,)itrcii-lmid. ii:iv>• con-id. r.il>l\ lil.ilivi! I lie I'fnl Hoes o| 1 .11 hour ;i! tin i■<>niiip- oli’i'l ion- I.n hiuir ( hiri'l'iiiin in - lire I'l power 111 (,llH'o|l-l;':iil. No" Soiilll Wi11... \'io| oriii. T.-i - iii;i nin mnl Wesl‘■ni Australia mnl I hoi'o are n"" st ri'm- - i hull over holoi". 'I In- -or men o| Au-i riiiin who ur. uiiilor tin- -mister inih’um o ol' M r Toni 'A :i i-li. who run II" trum help hoi I! :i ii I ehrmul i I'.-i ti :i skunk it'll help ii -lin!. have hoon :i soi'o iritil to l!.o An-t r:i linn ioin i n 1111 :1 y. lull 11 n ■ r.iilv. ;ij strike in One. 'iislii in I is :i ill’ll nl l o i io'i;i in-0 nt <i Hist! I ill ioiio I authority. !'!io (.uieensla ml III. litm hoe .hi.’tl I" •■-ini’ .tulor." mnl siiiToinioi' il trill, because llio I til’Oiir s’tiriy tlici" is liviiiu on tile '.‘.tllile. 11l Now Soul ll Walls the I,llhour Corcriiiiii’iii inis mme suspiciously nonr 11 ill”: low mid order, mi l tli’ ( 'out moil won 11 1, (oireri ime 11 1 oil ii receive no Minporl from New t-onili V,’tiles. I- it to he tissiirneil ihtil eomli - pons in New Zealand Woiil.l he dilleri'til mnl !■ i- ti I.a hour ( oivernii'eiit r ts il worth riiunilio I lie ri-ki' I'.xtreme I ,’ihoii r iiti s no! I lie - uppor 1 ol Itihoiir Uliliilli-1 S ; Mil ihe colli It' I V i here ure I Inui-tinils who til e in-t o - -eared ol I’XllVllie l.tlhlllir tl- m.’ I lie so-l’il! ll’i i etipi Iti I i-l ie clos-. I.: ihol l r litis 10-i ti lot ol sympathy mnl support 'lurinpill.- pit si lev. leonih-. tl in 1 is ■ it-1 i iii’ii to lose more ihloiiiili Ihe foolish Itetii’.s ol i heiiiselve- mnl i'neir friends tteir. s ihe wilier. .N n. I Kxti’eiiie i.iiliOitr 1111 s not ye! tin-'.tereil lie series of ipnm ion- pm to ihem hy Mr 1 -ill. nor emi they explain away I heir -ympuIhies with the C'liiniivtini’-i - mi.l the lAV.W. Ae.’online: to i hi- i nlit icnl soee. 11. K. | iollmnl i- it iiotii lescri ].l politieimi. ilovoi.l "1 vi-ioti mnl u I r |,..„Kr. Hu "ill never lie the Moses of the l.nhour I’nrty. nor yd "'ll hifrienil and first lieutenant. Frn-er m-coinpli-h the task. Ihe lust-name.'! i> ,'levi.r out a very shifty yrdilirimi.