WOOL CONSUMPTION

Southland Times, Issue 20539, 16 July 1928, Page 11

WOOL CONSUMPTION

GRADUAL IMPROVEMENT SHOWN. RECORD AUSTRALIAN OFFERINGS. Sydney, July 14. Mr Tout, president of the Graziers’ Association, is of the opinion that there is no foundation for the suggestion of the president of the British Wool Federation at Bradford that the world’s consumption of wool is steadily declining. On the contrary, he says, there is a tendency to a gradual improvement. It is not unusual at this time of the year, he added, for statements to emanate from Bradford which tend to depress wool prices. The total value of the offerings at the Commonwealth wool sales during the 1927-28 season amounted to over £60,500,000, which is a record by over £5,000,000. —Australian Press Association. BRADFORD CONFERENCE. RESEARCH IN DOMINIONS. (Rec. 5.5 p.m.) London, July 14. The wool conference opened at Bradford. Mr Barwell said /Australian growers con< sidered that the remuneration insufficiently encouraged the production of fine wools; but would do their best to meet Bradford’s requirements. Mr Van Breda (South Africa) asked what was the guarantee that the demand for fine wools would be permanent. Their demand in 1919 was for strong wools. Mr Harry Dawson said they wanted soft wool to blend with artificial silk for underwear. Dr. Barker announced that the Empire Marketing Board had granted £2OO yearly for two years to enable Dr. Nicholls, of the British Research Association, to investigate wool production in the dominions. He was going to Australia in October. Mr Akroyd announced that the new waterproof wool pack had been invented by a Bradfordian, Mr Baddeley. It was made of wire paper and lined with wool. He expressed the opinion that practical Bradford wool men ought to accompany Dr. Nicholls.—Australian Press Association. BIG AMERICAN POOL. (Rec. 5.5 p.m.) New York, July 14. At Salt Lake Mr. Frank Hakenbarth, president of the National Wool Growers, announced the formation of a pool involving 50,000,0001bs of fleeces annually aiming at domination of the American market and stabilization of prices to a parity with foreign import prices.—Australian Press Association—United Service.