WOOL TO BE HIGHER?

Taranaki Daily News, 19 August 1935, Page 7

WOOL TO BE HIGHER?

FORECAST AT BRADFORD AUSTRALIAN PROSPECTS DUMPING BY JAPANESE PROTEST TO GOVERNMENT By Telegraph—Press AsSn.—Copyright Rec. 6.30 p.m. London, Aug. 17. Healthy conditions in the wool industry are reported from Bradford. The Economist says that usually quietness rules from Whitsunside to the end of August, but this year the mills continued to run most encouragingly and only this month has the general quietness been felt. Another Bradfdrd correspondent says that topmakers are showing considerable reluctance to sell for delivery three or four months ahead. New business is confined to immediate requirements. This attitude is due to the belief that there will be a strong opening for the Australian season. Early sales are expected to establish values at a level higher than the present. Bradford parity. Consequently any offers of business for forward delivery under current rates are being rejected. The latest complaints of Japanese dumping come from shirt-makers, who state that heavy consignments of Japanese shirts are entering Britain' at prices with which British manufacturers can never hope to compete. Imports of Japanese shirts, collars and similar articles in 1934 were valued at £120,000. Imports of almost equal value were received during the first five months of 1935. The matter has been brought to the notice of the Minister of Labour as these importations are undoubtedly affecting employment in Britain. Possibly application will be made to the Government for an increase in the present 20 per cent, import duty.