HOPEFUL OUTLOOK

Poverty Bay Herald, Volume LIX, Issue 17945, 24 November 1932, Page 7

HOPEFUL OUTLOOK

THE WOOL INDUSTRY CONSUMPTION AT HIGH LEVEL MILLS WORKING FULL TIME ■ (Received November 24, noon.) LONDON, Nov. 23. Messrs. Dawson and Company declare that the .London wool sales opened in the healthiest condition of the year. Th© quantities available are moderate, most old fine grades having been cleared. There is a- hopeful outlook for crossbreds, due to the demand for knitted goods. Consumption is still at the highest level for a decade. Combing mills in every centre are running day and night, and most spinning mills are working full hours. The Bank of New South Wales has received advice from London that as at present constituted brokers will sell during the current series on the undermentioned dates: Jacomb, Hoare and Company, November 22 and £B, December 2, 7, and 14; Buxton, Ronald, Dueroz and Company, November 22, 24 and 30, December 6,9, 13, and 14; Hughes and Willans, November 23, and 29, December 7, 12, and 14; Balme and Thomas, November 22, and 25, December 1,8, and 14. THE SYDNEY SALES RECORD PRICE TOR MERINO ■SYDNEY, Nov. 23. At the wool sales, .11,045 bales v r ere offered, and 11,014 sold, and 1221 bales were disposed of privately. Values in the case of finer qualities are now at the best point of the season. Competition was keen and general. Greasy merino made 25fd, constituting a record for the season. WOOL CONGRESS USE OF MISLEADING NAMES THE HAGUE, Oct. 5. The International Wool Congress concluded its session to-day. Several questions were referred to the next conference, among them one dealing with tho buying of wool for speculative purposes. Mr. Tulloch (Britain) protested against the use of misleading British names on woollens manufactured in other countries, and gave as examples the name of Gradford, used by foreign manufacturers, which people thought was Bradford, and London shrunk, which was used by Continental manufacturers, ami created tho impression that they were British goods. On the Italian side it was admitted that these words were used, but they regarded them as an international name for a special kind of wool. Tho German representative, said the use ■ of these words were not allowed in Germany. The Italian representative said he would do his best to get the name of tho country of manufacture put on tho goods. ( i ±