Page 16 Advertisements Column 1

Press, Volume LXI, Issue 18546, 23 November 1925, Page 16

AUCTIONS. H. MATSON AND 00. THE WOOD SEASON, 1931-25. is expresstons 01 opinion i source that is considered to be a very authoritative one in the wool trade in tie Old Country. He goes an to eay:— "We- an tide to death of the people with only their own interests to eerve market. The this year by enthusiast*. No account was taken of the natural tendency of high prices to check demand, and the terrible displacement of wool which is going on by the use of vegetable fibre, both artificial silk, wood pulp, jute fibre, and cotton. In my opinion the bad management of the sales after January of this year in Australia, and theridiealaaa attempts to prolong the season and to restrict supplies, as well as to control prases, has been wholly responsible for the terrible slump which took place. New Zealand seems to have managed things better and got through the season quickly, taking the smaller drop in pnaes as being legitimate, and so saved themselves, but in Australia they were too obstinate, and apparently were iIT-informfcd regarding the conditions pertaining in England, and showed a great disinclination to learn anything except what coincided with their own ideas. FOR PERSONAL AND DIRECT ATTENTION SEND YOUR WOOL TO MATSO2TS. "We had a conference of Australian and New Zealand Wool Growers in Bradford last week—a very happy one —Most of the Agents-General were present, and the Pastoral and Banking interests were represented, and some very plain speaking was the result. I believe I made myself unpopular when I told them that the Australian authorities were largely responsible for the slump, and that they had not only cut thefr own throats, but had ruined the business. No "bear" movement could ever have been manoeuvred so successfully by all the Buying Community combined as that which happened because of the blundering of those in charge of the Australian market*. The reasons are apparent, "FIRSTLY—TJiey lengthened oat the season to an inordinate length, and announced that the sales would continue t UP to Jujy, and after that, when I lie prices partially dropped, they even threatened to bold over the old, wools (half a million bales) until-next season. Th a destroyed confidence in March and May so severely that everybody withheld their orders and the Cloth people would not give their contracts out for clf-ths, and I reminded them of a say-ing-jn/'the Old Book, 'Surely in vain is the pet spread in sight of any bird.' I also told them that in both Yorkshire Houbaix, and America there are too many "old birds" in the trade. BY SENDING- YOUR WOOL TO MATSON and CO. YOU ARE DEALING DIRECT WITH AN 'INDIVIDUAL AND YOUR CONSIGNMENT RECEIVES PERSONAL ATTENTION. "SECONDLY—The Season in Australia never ought to be prolonged beyond March-. Buyers are tired and want to get home. Moreover,- the principals want to see them home and males arrangements and do their canvassing fox the next season., It is a mistake to think that the, Australians ean monopolise the whole year for their Wpol Sale?. My own feeling is that it is purely jealousy of the London Market, but if they have such a jealousy, they should handle the position more 'effectively and conveniently for tile consumer, '•TjtUttDLY—The whole system of restriction' of supplies and attempt at control of prices is absurd. The South African [ wools were even finer than Australians, and are getting a better price in the cfean scoured state< today, which is quite, a new development and South Africa is going to be a great competitor with Australia for fine wools. "FOURTHLY—As regards control and stabilisation of prices, the old laws of Supply and Demand will still govern, whatever the Australian Authorities' may decide, and in demand there is always the very strong factor of Preference or Fashion. The ladies especially run a thing for a season, and relatively high prices are paid for one sort, and poorer for another sort. "REVIEW—Anyhow, we shall pull through, although the majority of Australian buyers have suffered . heavy loses*, and scans have, lost everything. I fear next season's prices will be low, for many people who have been supporters of the Australian markets wfll next year not have money to spend. MATSON and CO.'S CATALOGUE IS MADE UP OF INDEPENDENT SELL&RS WHO RECOGNISE THE CLAIMS THAT MATSON and CO, HAVE ON THE WOOL-GROWING- COMMUNITY' OF CANTEBBUBY. "The greatest thing that is wante4 is" really solid 'improvement snd a stabilised, confident market-' As this-communication was forwarded in July last, apparently such ha* about reached the position to-day. The, Australian broker* have been buying regularly and concatalogues have been ecld. The danger the local grower has to watch to-day i« the anxiety of those, interested in the Old World rcaUaatione, endeavouring to make their cables perhaps over-attractive in the way of prices, as undoubtedly at the present time, a large amount of jealousy exist* between'the Colonial Sales and the Old World sales, whereas purchases made in London have to be paid for in specified time hot local purchases, all made in letter of credit, may be left for a time to,arrange aggregate money to meet such payment at two to three months hence, especially suiting the Continental buyer. Our advice fa Vendonr, i«, if you have sold in Colonial ealee' previously, you cannot do much harm in selling here. again. It is a great pleasure being able to see your wool and compare it with your neighbour's and also to get your money in your hand and know what you will have in front of you for the season. A comparative basis is always obtainable at any period, and if you don't like it why store locally in place of ruining to the Old World where 70a meet unseen dangers. The old sayings of thrash and sell, or shear and sell are good, reliable advice. FOR BEST AND MOST RELIABLE PRICES SEND YOUR WOOL TO "MATSON'S," ADMNGTON. THE SERVICES RENDERED BY MATSON end CO- THROUGHOUT THE YEAR TO THE FARMING COMMUNITY MERIT T£fc APPRECIATION OF THE PRIMARY PRODUCER. BE ONE, SEE TOUR WOOL IS IN OUR CATALOGUE THIS YEAR. H. MATSON and CO., Auctioneers.