MENACE TO WOOL

Grey River Argus, 10 September 1935, Page 5

MENACE TO WOOL

By Staple Fibre BRITAIN TO PUSH IT. (Aus, & N.Z. Cable Assn.) (Received September 9, at 9 p.m.) LONDON, September 9. Staple fibre offers a valuable alternative for wool, and for cotton, and being cheaper than either, it will increase the British textile manufacturers’ competitive power abroad, says’ the “Daily Telegraph,” in comment-; ing on the removal of the British ex else duty from fibre. Mr D t Van Someren is one of the prmoters of the Staple Fibre Development Company, with capital of two hundred thousand sterling. He says that an extensive use of the staple fibre will permit all kinds of attire to be manufactured much cheaper and on a more competitive basis. SYDNEY WOOL SALES. PRICES STAY UP. (Received September 9, at 9.20 p.m.) SYDNEY, September 9. At to-day’s wool sales 14.223 bales were offered and 12,469 bales were sold. There also were 2,192 bales sold privately. There was very keen competition from the Japanese section, with good support’ from the Australian mills and from Yorkshire, but there was only a limited damand from the Continent, The market showed no change from last week for all descriptions., other than faultv pieces, which met with an irregular demand. Greasy merino to-day sold to 21|d. The average price of wool at Sydney sales last week was £l6 18s Id per bale, and 12 decimal 9 pence per lb.