SYDNEY WOOL SALES.

Press, Volume LXVII, Issue 20330, 1 September 1931, Page 12

SYDNEY WOOL SALES.

STRONG COMPETITION. DECREASE IN PRICES. (CHTXED PEE3S ASSOCIATION —BY ELECTRIC TELBOEAJH—COPTBIGHX.) (Beceived August 31st, 9 p.m.) SYDNEY, August 31. The wool sales wcro resumed to-day with strong competition from Yorkshire, Japan, and Italy, but ouly a limited support from Germany, France, and Belgium. Tho market for best fleece lines suitable for spinners was from 5 to 7$ per cent, below tho June rates, whilo averrgc to good wools and best skirtings were from 7 A to 10 per cent. down. .fuferior wool was difficult to sell. The offerings totalled 10,690 bales, of which 8359 were sold; also 8871 privately. Greasy merino made Hid. RECORD CLIP EXPECTED. APPROXIMATELY 1,500,000 BALES. (Received September Ist, 1 a.m.) SYDNEY, August 31. 11 is anticipated that tho New South Wales wool clip this season will be a record, of approximately 1,500,000 bales, which is 9 per cent, above last aeaaon's, whilo if values improve tho clip will be worth at least £2,399,000 more than last year's. < Authorities are of tho opinion that tho lower prices now prevailing will lead to increased consumption, but emphasise that production costs mußt come down.

EUROPEAN WOOL TRADE. EFFECT OF BRITISH CRISIS. (ntITED FRSSS ASSOCIATION —TIY ELECTBIC TFLEGHAPH—COrYKICHT.) LONDON, August 30. Mr W. Devereux reports a feeling of satisfaction in all wool centres that the crisis in Britain has terminated, and hope for tho return of confidence. In Yorkshire there is a tendency to await developments both in regard to tho measures tho new Government may take and to events in the raw wool markets, but on. the whole a distinctly optimistic tone is reported. There is more enquiry for merino tops, which otherwise are unchanged, and there is hardly sufficient business to test prices. There ia- little doing in crossbred tops and values are unchanged. There is a steadier market for merino yarns, but there is little business, and crossbred yarns are negolected. In Prance, tho topmakers are working extra* shifts to overtake the time lost in tho strike, but transactions in tops are limited.

BRITISH-CANADIAN TRADE. DOMINION'S OFFER. Exceptional opportunities to enable British manufacturers to sell their goods in the Canadian market are offered by a plan which has been drawn up by the Industrial Department of the National Railways. The Department has made arrangements for British firms to be given facilities to set up in plants, already existing in Canada . limited factory units for the manufacture of commodities under their own trade marks and patents. British firms will be permitted to manufacture . their products with roecMriised machinery transplanted from Great Britain.

The ■ facilities offered apply, among others, to' heavy machinery, steel, petrol engines, agH-ultural . achinery, stone and marble cutting implements, automobile accessories, conveyor systems, garden furniture; electric clocks and alarms,, and knitwear. ' . Under the scheme the British manufacturer would also enjoy cheap power, 9,nd in certain cases ready", access to Taw materials—especially to asbestos, copper, and other minerals. KEEPING ABREAST OF THE TIMES.

CUSTOMERS AND MERCHANDISE.

"Newspaper advertising is the most trenchant of all helps in correctly and profitably disposing of merchandise." Mr John McKinlay, president of Marshall Field and Co., told members <f the Inter-State Merchants Council gathered in Chicago for their nineteenth semi-annual convention, which was held a few months ago. Mr McKinlay painted a glowiug. picture of the returns to be obtained through regular newspaper advertising and-urged its wide use if the retailer is successfully to keep abreast of the times. ''Advertising," he said, "brings the customer and the merchandise together. For this purpose, the newspaper has proved tho most effective for u»--at least, that is what we of Marshal Field and Co. have found to be true. As a result we iare consistently the largest purchaser of newspaper white space in the west, and only because we find it profitable is the reason this ia trac." "The newspapers present the merchant with a large and representative audience, collecting and disseminating the world's news, presenting the amusement features, and editorial departments, Bports, science, social (gossip, pictures," and domestic science. The newspapers teach the public upon such a scale of magnitude that they can afford to distribute the merchants message at a lower cost per reader than any other form of successfully demonstrated propaganda." VICTORIA NTANZA SUGAR. (FUSS 4SBOCMT! O * TSC«S&*W-) WELLINGTON, August 31. The following advice has been received from the Victoria Nyanza Sugar C °A P raeMage from the plantation; says it is proposed -to comnjieiwe crushing on September 2nd. The sucrose urktnt is still btfow normal.