WOOL TRADE.

Waikato Times, Volume 119, Issue 19902, 3 June 1936, Page 3

WOOL TRADE.

i suasTrrurr. FIBRES. ASPECTS OF OUTLOOK. Writing from Sydney on May 26 .\lessrs. Winchcombe, Carson, Ltd, said: Though wages for those employed receded durlng the depression and unemployment increased. the very large quantities or wool produrrd were consumed. In no small measure the fact was due to: the growth or the retail chain store clothing establishments selling apparel at a used price or say 505 for a man’s suit in Engw land. Wool was very cheap and a goodi article could be supplied at the ngure.i 'l'ho proprietors of those concerns showed‘ enterprise in seizing the opportunity toi supply goods at attractive prices and by doing so assisted in preventing- stocks oi’ the staple accumulating during the scharally dull period. Wool has now been realising considerably improved prices for about a year. During the whole or that period millmen have experienced a strong resistance to advancing prices for goods. By blending purchases of cheaper raw material bought in less buoyant markets with the higher costing supplies or this season, numbers of manufacturers have to a dagree been able to keep prices for their products on an actually lower basis than wool values. Stocks of old Woo] have. however, been practically exhausted and the shops selling apparel textiles and it necessary either to advance their prlces or buy goods in which cheaper wools such as crossbreds are used. Possibly also wool blended with artiiirial staple nbre will be utilised to prouurc textiles conforming: to certain price limits. The nerd for providing an article which would give good Wearing Service and warmth would. however, necessitate wool constituting the greater part ol’ the fabrics. Is such a development likely to prove a dctrimcnt or an advantage to the wool market? Increased clip. on the other hand it would permit the sheep‘s staple to soil at a roasonable ilgurc. from gruwvrs‘ standpoint mm at tho same timt- still rt-tain mlpqunlo uwrs. In addition ll would tr'ml in kcrp wool pl‘lt‘cs m ('llf‘t‘k :nni (lclmr iht-m from roaming the cxrnssirt- lm‘els which when they have urnurred, have nvr-utuillly rusullcd in mill inrm‘n'l‘r falling MT, and values for lhc slump's stnplv. stun-k nml laml subsrqunuily slumping. l“urlhm',~r¢-r,\' larirl' prnilts in wool growing illflut‘ll('(' production up< wards. From 1023 lo ill-JR, a pcriod or high prirr‘s. illn world's (‘lip inrrl-nscd hy :ilmut {lfiilliflnll hair‘s. put has sim'n ironrled downwards. Altrnrlirc returns rnruurnmul arm-y muntry to pasture as many ~lu-t-p as pussihlr. Expericnrv \\uuld mm ”in only sound pruor 01‘ what would hitpprn; but up to tho prL-sl‘nt wunl rims i'ouml ample ronA sumcrs rlvspitn a largo output of artiilrial iihrns. 'i‘hn samr remark .‘ipplins to rotinn. nl‘ whlrh \‘vry largo quantitll‘s ('onIlllllt‘ in he usml. Tho l‘nitvd Stan‘s. h_\ way 01‘ I‘Xflllllili‘. has hall inrm-r supplies nl‘ rotiuu mailnhlr in tin- pu~t your. but it is v<timulmi that by July liu‘ rnuuiry‘s «lurks ni‘ it will lm I.nmu.mm lllllt‘s 11'.<.~ ilimn :l year lmrurv and 1,500,000 hall‘s lv-ss than two yours pruviously. Ami lhv lmtod Stan-s is tho world‘s largvst pro—iiill'f‘l‘ uf rayon. Statistiral evidcnre. lill‘l'l'rill‘t‘, (low not show that nriiiil-lnl uhrvs haw dealt a death blow to wool or l-nttnn. The immNiiMu outlook for word con— Imln-s i‘nvnurahlv. ’l‘rmiv abroad is not as Ill'i>li as smut» llmlilll< ago. but lilo i‘l‘ill~llmptlou \\'llli‘ll has proruoiiml in ('Hmpnrisnn with tho suppln-s nvailnhlv hns lii'lll thr marlu-t outlook healthy. ‘