THE WOOL MARKET.

Waikato Times, Volume 120, Issue 19984, 7 September 1936, Page 7

THE WOOL MARKET.

CONFIDENCE IN BRITAIN. REASSURING LEAD AT SYDNEY. OUTLOOK REGARDED AS GOOD. United Press Assit.—Elec. Tel. Copyright. (Received Sept. 7, 11 a.m.) LONDON, Sept. 6. Bradford considers that the Australian wool sales have a given welcome reassuring lead, which is most satisfactory, and wool is maintaining an even keel despite the international complications, confirming the belie! that it is the most strongly placed of raw materials. The Yorkshire Post points out that various countries have tried to use less wool, yet the world's exported aggregate is steadily going into consumption. The outlook for the London sales on September 15 is regarded as strong, especially in view of the brisk competition which woolled sheepskins are enjoying. 88 PER OENT BLUFF. JAPAN AND AUSTRALIA. United Press Assn.—Elec. Tel. Copyright. (Received September 7, 12.15 p.m.) SYDNEY, September 7. Mr S. F. Pond, merchandise supervisor of the Goldsbrough Mort Company, has returned from the East. He said that Japan’s trade attitude to Australia was 99 per cent bluff. He added that leading Japanese businessmen and woolbuyers candidly admitted Japan’s need for wool but the Government was holding out on the strength of a five months’ supply of wool in store. Other woolbuyers who have returned from Japan expressed similar views. PAYMENT OF BUBBIDIEB URGED. JAPAN AND OTHER COUNTRIES. United Press Assn.—Elec. Tel. Copyright. (Received September 7, 1 p.m.) TOKIO, September 6. A conference of business representatives and wool industrialists, dealing with the Australian-Japanese trade dispute, passed a resolution in favour of granting subsidies to encourage the importation of wool from South Africa and South America.