BRIGHTER OUTLOOK

Poverty Bay Herald, Volume LV, Issue 17454, 31 December 1930, Page 8

BRIGHTER OUTLOOK

ENGLAND’S PROSPECTS NEED FOR PROTECTIVE TARIFF ALBURY, Dec. 5. Mr. H. B. Daley, wool manager at Albury for Dalgety and Co., Ltd., who recently returned from a business trip abroad, in discussing world conditions said to-day that the hand-to-mouth buying which became so pronounced in the early part of the season had changed, and new business was certain, provided there .were no further financial difficulties;

When in Bradford he found that many mills were only working half time, being rather undecided as to what course to adopt. Money was not coining in quickly, spinners and manufacturers being inclined to curtail orders, as they experienced considerable difficulty in selling on a profitable basis. Other manufacturing towns, such as Leeds, Huddersfield and Manchester, were in a similar difficulty. In Scotland the woollen mills were, fortunate in having sufficient orders for Scottish tweeds and tartans to keep all their machinery running lull time.. On Ihe Continent. especially in France, Belgium and Italy, the mill's wore m full swing manufacturing woollens, worsted and shoddies. There had been a definite financial policy towards stabilising the industry on the Continent. ltoubaix, Toureo'ing and Croix had had their industrial troubles, but all the. foreign countries had been bonding their manufactured articles to England to the detriment of the British article by underselling English goods.

On tile other hand, if English manufacturers of standard lines desired to export their goods they had to pay export duty, so the sooner that England put pro tuition oh her own goods and charged high import duty on foreign goods the better it would be for business and •employment. For the London sides there was a larger variety of Wools catalogued, hut they Were not up to Australian clip in quality, classing or preparation for market. In connection .with artificial silk fabrics, Mr. Duley said, there had been a great Slump in this business. Many of the mills in England and the Continent had closed down owing to the fact that with the low prices ruling for wool, woollen goods could be manufactured and sold to the public quite ns cheaply as artificial fabrics.

The woollen industry in America was not in a very satisfactory state. The GoVornnient had forfned a wool pool, 1 and when at Boston he saw the chairman of this organisation. From an investigation it seethed that many millions of dollars had been advanced to wool growers. Owing to so vend severe droughts many growers had lost all their sheep; in fact it- cost, more to grow wool in America than in any other country.