Page 16 Advertisements Column 1

Press, Volume LXVII, Issue 20383, 2 November 1931, Page 16

AUCTIONS. I:. m.\T>O:N A;\ U '_U. l X Or "WOOL VALUES. Tv'ool growers ore justifiably heartened at the bright tono that has developed in the woo! market since Britain vent off the gold standard about tlireo weeks ago, and to many graziers the turn in the tide literally meant salvation from financial disaster and ruin. An optimistic feeling is now prevalent throughout the industry, and the general belief that tha recovery will be maintained is naturally sponsored by tho hope that lies behind that opinion. ■Without discounting the good effect of the rising values, it should be well borne in mind bv graziers that the appreciation in wool prices is equal only to a corresponding depreciation in the valuu of the British pound sterling, and that it is a moot point whether the Australian wool producer will continue indefinitely to benefit by the dual advantage of & favourable exchange and the depreciated British currency. Actually tha valuo of wool is comparably little better than it was exactly twelve months ago. The improving position in tho market should be viewed by sheep-owners with equanimity. They should remember that the \velcom© recovery in values is directly attribute able to the trade revival in England tbat followed the altered fiscal policy of that country. Even the most experienced and seasoned business men are reluctant to commit themselves to the opinion that the market will continue to rise. It is generally conceded, however, that there is no reason to doubt that it will be maintained. L'nduo jubilation on the part of the woolgrower might possibly bo succeeded by a ieaction that would leave him in a position worse than that in which ho was situated four v.'eeks ago. The present outlook, however, holds bright prospects for the future. The recent advance means a increase in the national income, but the grazier as an individual is not yet out of the wood. We appeal to all free sellers for their selling favours. We givo personal and direct attention. 11, iIATSON and CO. Soma relief has been afforded to landowners and wool-growers by a reduction in interest rates, although it may be pertinently observed Jn passing that last season few graziers earned enough to meet these commit* meats.

Coupled with the appreciation in wool prices, this relisf will have mad© a differed in the financial circumstances of slieep-nien; but for wool-growing to be a profitable business further curtailment of expenditure is necessary. Too much emphasis cannot be laid on thfl •warning that the grazier must not look to higher values to pull him out of whatever financial morass he now finds himself. It .s highly improbable that the spectacular prices of four or five, years ago will be rept- -oa for many years to come, and the best that may bo expected is a general firming of the market at o level not greatly in advance of existing rates. Lessons of the past have indicated that recovery after a period of depression 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 sections of the 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 be adopted in pressing for reductions in impositions such as. land taxation, freights, and all charges. ' Unflagging individual efforts are necessary in reducing expenditure on the farm Jind 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, cortain luxuries, purchased when wool was returning two and three times its present value, had come to be regarded as nece sities. The 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 soemingly justified thein. The present is a time of trial for all Beotioni of the community. LAND SALESMEN. - Wa aiaka o speciality in this department and osk {ill financial institutions, Solicitors, Trustees, Mortgagees—if yo\i have properties that haYe com# back 09 your hands and you wish to try the auction msyjpet or sell privately, we should indeed be ( glad to be entrusted with such work. H. MATSON and CO.Extract frpjn "Wcptem Gazette." r OOT-Aif DrIiOUTH DISEASE. JPBTHBR ' OUTBREAKS IN BEDITOBD&HIHE. A HUGE PJJiE OF CARCASES. The seventh outbreak of foot-and-mouth disease in the little village of Renhold a»<l the tenth in North Bedfordshire since August Bank Holiday was confirmed on 'Sunday. It invokes » herd of 100 dairy cattle. Following a further outbreak of foot-and-mouth disease £2O head of stock wero slaughtered on Tuesday ai Spaldwick, nine miles from Huntingdon, not far from the affected area in Bedfordshire. . In.the early b9prg of Wednesday mornipg • light was set to this pile of carcases, aroupa which has been banked 30 tons of coal apd firewood. Two of the farms affected are at ISpaldwiclc and one at the neighbouring viJUge of Easton. It is 'believed that other animals may have to be slaughtered, A stand-still order covering a 15-mile radius has been issued. MORE FOOT-AND-MOUTH. An. outbreak of fooHnd-raouth disease having been copfirmed at Penffordd, Clynderwen, Pembroke, it is expected that shipments to Fishguard will be received at Bristol. METROPOLITAN MARKET, ADDINGTON. CONSIGN TOUR STOCK TO 11. MATSON and CO,, represented in every section by one of ourselves giving personal' attention. MG549