THE WOOL MARKET.

Press, Volume LXV, Issue 19769, 6 November 1929, Page 12

THE WOOL MARKET.

bomb financial position. (By Our Bradford Correspondent > 2t>V»ry gr**t pr-v«ils thr-wifch-•ut the »ooi .n*»try .Wut the Anaacul peaiuon. I ha*« tr.-rjuenUj referred U> the fact that far t->-> bfi»iMMS cwccerm Jre «-iiur*iy ia b.tnda i* th«ir baak»r*. ana abeo thins* "« * roots inside rhe ; anvtfung of an untoward nature p. nm* m ;j»n< il jph»rw help* tt»* (wars air«.*'iy entertained. The re-reia-twxu relative t«> th» Hatrv group <> tnanncn n ir-ikmc what i* goifij; oa bcnind th»- atene-. g>nJ very great h*'* shown m Bradford trad* circles frvm tiu» cans# aloii.-. shortlv »ft«=*r trie Wak rate »« rai>ed t«> ->i p*r c ** T , t -; the »na{jpf*tion w.»« thrown out that tbts wm only a temporary expedient and for a hul* tsm* hope* w<»r»> *>ntcrtaioed of a reduction. Inat«*ad of thic»>eDtni{ j' ■ •■it, f*"ars have cmtm for a week or two that the rate would b* raised to p»-r cent., and though tk« Bank o( England directors wit! rv»; do thw unless abnol'itely r>pessary, the position woald be rendered more serion: by roctr a »t»>p. A» a ch«*cfe upon harrowing it woala not doubt serrp one but it would aUo inflict » ftardabip, and tend to the farther « nro# trade, which in the teitil* industry ha.* already red'iced B.cr* than t now ah. VIB L«w«r Prices be Ultimately BeneflciaJ? Spinner* and manufacturers arr Wanting t<> see an of niachtn•ry activity. for onlv a mill here and there m busy, cr aMe to keep frilly occupied I'or any length of time. Thruiifchoot the whole We<t Riding there are far too many concerns nnabje to work Hfl(int spindles or looms to par overhead charges, and tht« i« ftie reason why vweh a stubborn at tit ode i« being •lowa by the employers with regard to tha wagea dispute. Fwrther lengthv aseetings have been held this week withant aay definite decision being arrived at. The position has reached snrh a pass that it is difficult to aee how either a strike or a lockout ran be avoided, though tha representative* of both emplovers and employees are doing their beat ta avoid inch a serious step. The leaders of the operatives' anions have beea bitterly criticised by (heir members for proposing to accept a "f per cent, redaction in wages. It is also known there are thoaa among employers wbe think that the proposal should have been accepted. Meanwhile trade does aot Improve, and thia is the root cause af all tha trouble. At current prices far weol there should be a big revival ia demaad when these depressing featnpraa hare passed. Sorely valtiea are low aaoagh!' Bayers have said that they woald ♦axy asaeh like to operate heavily, bat after the losses of the past three years their purchasing power ia eartailed. Growers will realiae the aigaiftcsmce of thia, for it means that if tha waie qoaatity off wool has to be boaght thia season as last, it wilt have to be at a lower price. The reduction la raises may be ultimately to the geo4, bat the process is undoubtedly vary painful, and cannot appeal at all t* the growiag end of the trade. TAKANAKI OILFIELDB. (nsaa uaocunoi masaix.) GISBORNE, November 5. The Taranaki OU Companya report atates: — Gobome No. J! Well—The derrick fr- r . beea completed, and the erection of I tha machinery is in progress. The weather conditiona ara good. Kotaku No. I—The teat hole caving in prevents further proyrfaa; preparing to make another teat near the mm location. MOSGIEL WOOLLKS CO. traaaa aaaocutiaa rai.aaasa > DUNEDIN, November ■>. Tha director* of tha Moagiel Woollen Company recommend a final dividend of 4 p*r cent., and a bonus of 2 per cant., making 10 par cent, for the year. • I GOLDSBROIGH, MORT, AND CO, A from tlt« KcMtsry of «ll» •*«*• ma)wr #ue»» Ifcat ia imtiM »» «• »a«h«rhr mlwrW at tha •ztrm«rdiM,rr «"«*»! SMxrtjmg at th« <nmp*nf k«-4 on tll« 2§th Oi«*l«r. I»3». tl>« fc»»* rn»l»« to iacTtmm tJk« capital mt lk« kr the arwaliea •{ 400.000 lUra »t 11 sack to ke «Ctn4 la tike Am iaalaac* la n«s*b*rt at the r«i« mt m< *!»ars f«t •'•ry fr*i:tioas) la rwp«rt af wttiek tils ia4ni4ital ai«Bb«r« at th« e«aCj ikaH Im» rwfiat*r*4 •• UWm on X»'»» 34111. 1®39. THe l»*aa wiß W o*«r»d ta «fc« axMniMn tat%» ymat 4tl !•>■ par *iar*. p«7a&t* as foiw* Ids <m aspli«alio% an or fc«tfora Dwe»«b»e St.tt, IW9; M)s ®a January 31st, 1930; ItlY «■ ¥»*> every 3St*. I*3o. ».a>iif» mil bo aautM la aiafca oar vr ail at auclk p»ria«nt» b»{trr» abovo 4«t*s. aa 4 will be aftoworf in"»r»iS at lb« rato of * prt rttl p«r Ma*n aa all prnymmu ma4a in roop»-t of Ik* »ka»«* »i:»«»o4 l» «• b«a 4«ta ot p«]aral aa la aa 4 iat£»*»a* JKarcil it*t, t»3O, Tha a«w til! r*i»k for 4i*<4*a4 (•» tka ia a«atl>a n4>a| Sovt«taK«r 3>lth. IS3O. T4a jjro»ut»a» o< I'M ?»e tbaia will ba <arrta4 la irwiit i»# rawnot. Ia u4>r ta ««a»pl»ta Ua sckaasa. tka traat- !•* bnnb.< witt b« fur (is 4*f*. fmai a*4 tnvluiitair Saoonfea* i-H*. t*2». Aapi>«alM>aa an<l«r iclkb« will class aa Oa«a»bar »l«t. tS'» V mal ia »««*ilaaife wili Ik* eoaifanr • »rti«l«a it ».tn.i«u>tiaa will bo iasv«4 wita («*ma of appitcßttwa. »4 iniiamag IW • <iat<t ot tttno ibinUlSm wiß ba 0nt.;04 tu a» aaaa m pra<sjp»hio »fl« x.r>«ssb«v :JU. 11M. Ai tfc* aaaUaa ia Molboaraa laat waah. lobt to oaataroa lia propaaalt (a* aa ia oroaoa 1» capital, tia ckairaMa. Mt J. M ViaJt. «a»d itai lb» ta<i'tirowt»t»t» a* iba ■ iioopaai'« aav*arf>.aa baoiaooa >a all Sum »oraa»itasa4 tta bam* a* all tnaaa ia tbo paoooaavoa of a4asaa«a tua4o. »» (ska W*»a ia«a af eypsrtaaities as that araoa. D*irlaa iba paa* foa» o* i»a yaaxo 4>oa(M saaJltlwaa few* at liases yvavatM a*«r a tar (a aroa af Aaatraua. aa«t aalaooarabta onaoaas M booa as9«r>aa<-o4 ia prabobfT bo ir tawssssioa MI ii si Hi. SaaamtT . f*a*a a**a*» ia Iba a*au«k< «t>i«hoa --aviirr ba4" bn»ka4 ta (MMctai iaotitatMna for tka saami m tfeaat tbraack Iba iaaa joar*. aa 4 tka anaapaar ba4 bwaa o'bhf»«l to carry it» «bara af tka bttniott. *«• •anay wo«I4 ba raansvoat far raoMofciaa Hi* affo«to4 aroao,. aa 4 ta tbonab* <ba onapaaT aJtonlat ba*a fa*4.« aa tta ttiapaaal ta aoaia* <liow«o oa *af« t noa. Thm fall ia waal sail afneb *ah»os bit<* lav Iba tiaa b»aa ro4»<-o4 iho iacaaMa af paotarabotn faaa*»Jl:y. I»a» it *».» waaaaaMe ta batieta Ua! *»« awly a paaata* aa4 dal aalaao «nU »»»"*•» aa itt*j ba<( <aao ia tba »a*« aftor a porvorf of , avpraauMtaa. " TV) rnmpmnr »».« o«4 paoai- ; mmttm abaat tba fctar* af won:. Al raarfy I , tbava W»a iiatiimt »vi4an<a Hi aa iarpreta■loot is latnoa. Timtm «r»ro aot r»4 ta A a#- i tpalia j.»o« ao«. aaJ oco»««»T ««»i praetiooa. Tba baanf *aa aot ia fa*o»r of ia- ; rraaaiag tie capital: ta s larfa* a»l«t ikaa was saxaaaary. CAPITAL fVMt FBRTILISB* WORKS. WlaiafcaMaiS' of C»»*« Fortißoara 114. ksta fanssj s raaaialiaa lsmuia| tka •aaisai af the casspaar n 17M.8W. by tba staaliaa af 350,(M0 oniiaary aharsa TW cboifas, X* 9. Roiarich. nM ■«ltlsasl rapatal was aas4ai ta «po wltfc tha 4«SMsd fir tba ttatw;'i praalacU. Tka boar 4 bad 4<mt4o4 ta SMka lIA4M a# tka saw akaras aoaOahla tm issaa tsuaaJiaiaty.