Page 24 Advertisements Column 1

Press, Volume LXVII, Issue 20382, 31 October 1931, Page 24

auctions. 11. MATSOS. AM'Jj Co. R 1 "WOOL VALUES. Wool growers are justifiably heartened at the bright tone that has developed in the wool market Bine® Britain went off the gold Standard about threo weoks ago, and to many craziers the turn in the tide literally meant Jalvation from financial disaster and ruin. An optimistio feeling is now prevalent throughout the industry, and the general belief that *he recovery will be maintained is naturally iponsored by the hope that lies behind that •pinion. "Without discounting the good effect of the rising values, it Bhould be well in mind I>T graziers that the appreciation in wool Prices is equal only to a corresponding delation in the value of the Br t.sh Sterling, and that it is a moot point whether the Australian wool producer will con ''? ue definitely to benefit by the dual advantage o£ a favourable exchange and the depreciated British currency. Actually the value of vool f B comparably little better than it was ex®otly twelve months ago. The improving position in the ■hould bo viewed by with equanimity. They should remember that como recovery in values is , dir " tl J ) "i t hat able to the trade revival in England that followed the altered fiscal policy of thai■ cO « U j try. Even the most experienced and business men are reluctant to commit them■elves to the opinion that the market vill Continue to rise. It is generally "needed Jiowever, that there is no reason to doubt that it will be maintained. Undue jubilation on the part of the woolerower might possibly be succeeded by a region that would lea.ve him in. position •worse than that in which he was situated foar T-eeks ago. The present outlook, however, holds bright prospects for the future. The recent advance means a substantial increase in the national income, but the grazier as an individual is not yet out of tho wood.

We appeal to all freo Boilers for their gelling favours. Wo give perBon&i and direct attention. H. MATSON and CO. Soma relief has been afforded „o landowners and wool-growers by a reduction m interest rates, although it may be pertinently observed in passing that last KeaKOii few graziers earned enough to meet these commitments. Coupled with the appreciation in wool prices, this relief will have made a material difference in the financial circumstances of sheep-men, but for wool-growing to bo a Profitable business further curtailment of expen dituro is necessary. Too much emphasis cannot: be laid on the ■warning that. the grazier must not look to higher values to pull him out of whatever financial morass he now finds himself, xt ,s highly improbable that the spectacular prices of four or five years ago will I be i f e P fc -; e, J for many years to come, and the best tnat may be expected is a general firming of the market at a level not greatly in advance of existing rates. Lessons of tho past have indieated that recovery after a period 01 aeuression is slow, but nevertheless sound and sure, and return to more prosperous times is achieved only by hard work and the drastic excision of luxuries that flourished •when money was plentiful. Not for one moment must the efforts of all Motions of tho industry be relaxed in endeavours to reduce costs of production. Concerted action, by which the whole of the •wool interests speak with one voice, _ should he adopted in pressing for reductions m impositions such as land taxation, freights, and all charges. Unflagging individual efforts are necessary Sn reducing expenditure on the farm and station. The experience of the last twelve months has taught many land-men that they are able to do without things that were formerly considered indispensable. Indeed, certain luxuries, purchased when wool was returning two and three times its present value, had come to be regarded as nece sities. She practice of disbursing money in periods of affluence is fatally easy, but the reverse is only accomplished by a determined will and the-subjugation of comfortable habits that were formed when circumstances seemingly justified them. The present is a time of trial for all sections of the community. , LAND SALESMEN. "We make .a speciality in this department and ask all financial institutions, Solicitors, Trustees, Mortgagees—if you have properties that have come back on your hands •nd you, wish to try the auction market or sell-privately, we should indeed be glad to be entrusted with 5 such work. H. MATSON and 00.

Extract from ""Wejfrern Gazette."-FOOT-AND-MOUTH DISEASE. FURTHER OUTBREAKS IN BEDFORDSHIRE. A HUGE PILE Off CARCASES. The seventh outbreak of foot-and-mouth disease in the little village of Renhold and the tenth la North Bedfordshire since August Bank Holiday was confirmed on Sunday. It involves a herd of 100 dairy cattle. Following a further outbreak of foot-and-jnoutb disease 220 head of stock were slaughtered on Tuesday at Spaldwick, nine miles from Huntingdon, not far from the affected area in Bedfordshire. In the early hours of Wednesday morning • light was set to this pile of carcases, around which has been banked 80 tons of coal and firewood. Two of the farms affected are ,at Spaldwick and ope at the neighbouring village of Easton. It is believed that other animals may have to be slaughtered. A stand-still order covering a 15-mile radins has been issued. MORE FOOT-AND-MOUTH. outbreak of foot-and-mouth disease having been confirmed at Penffordd, Clynderwen, Pembroke, it is expected that shipments t* Fishguard will be received at Bristol. METROPOLITAN MARKET, ADDINGTON. CONSIGN YOUR STOCK TO H. MATSON and CO., represented fn every section by one Of ourselves giving personal attention. M 6549