NO FEAR OF A WOOL SETBACK.

Shannon News, 9 January 1925, Page 4

NO FEAR OF A WOOL SETBACK.

[ Experience in the wool market re- ' cently has shown that with exceptionally high prices some fluctuations ia prices must be expected. Speaking from a broad, standpoint Winchcombe, Carson Ltd., say that they have no fear that any decided set-back in the market will occur. The firm states that ,the larger quantities of raw material bought by Australian, Japanese, and Italia'n textile concerns have been •strong factors in forcing competition at the sales. Although not a dominating influence still the quantity tak©"a has helped to sustain the bidding. Germany also has purchased on a large scale, the buying in Sydney taking on almost a pre-war briskness. Winchcombe, Carson Ltd. add that for many years before 1914 Australia was the chief supplier of wool for the German mills. Of recent years.her manufacturers, owing to greater ease in effecting money exchanges-,, had devoted increased attention to the South American clip. In twelve months Germany took 143,575 bales of wool from the Argentine and Uruguay. Those bales were of about 9001bs. weight, practically three times larger than the Australian bale. Customarily vigorous bidders when they are on the market, German operators were decidedly useful operators'. Evidently, with improved financial conditions, German manufacturers intend to use Australian raw materials more freely.