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WOOD GjSRR jBAST
ii
y as- in . of
Record Shipments
SYDNEY AND. BRISBANE
/ OFFERINGS,
i during the eleven months ending
May, exports of wool from the Commonwealth
to Japan Were a, record in
shipments to that quality report
Winchcombe, Catsönri.td J L J] I C The
following secures a qEW the
quantities which have been taken by
Japanese buyers during the last four
yeP/78 near; <\$\hwn\v
AlMS 39 oz. '4.'' 34Í.5
1929/-30 284 059 *
1930/11 - 45fiOß2(
The figures for the past season are
more than double the total taken ten
years ago and are twenty times the
UUtntltj for 191844 V ,
japan has certainly, developed into
a formidable competitor for the staple
grown in Australia. A great field for
expansion in the use of woollen goods
still exists within her own borders and
an even greater scope for the use of
those fast les in China and other Eastern
countries for which her geographical
position places" her in a most
favourable situations to maiden export
Hales A number of relatively small
Woollen mills have been established in
China for some years Japanese and
Chinese capital being associated in
one particular mill at Mukden Manchuria
Further ^ establishments in
China are projected From July 1 to
May 21 last, 328 bales' of wool wet e
shipped from Australia to Chinese
ports The
immediate commercial progress
of China, how«\cr,toia great extent
depends upon the re-establishment of
the price of silver Silver is cheaper
than it has been for over a century
AVa restiUi'l the waves of the Chinese
dollar has declined, about 50 " per í con t
and, has ascertained purchasing power
accordingly Until that monetary
problem refreshed rapid development
It Improbable, puts In years to (come
It Is quite possible, that China will become
a great use of Australian wool
No doubt the people are conservative,
but a rapidly alteration In that reaped
took place in Japan and is just as)
likely in the more industrialised cities
of China should spending power in
crease f "t 6
The American war" debt, proposal
has had|irood*ttffocts, on the tone of
markets abroad Since early' April
prices for, tops in Bradford trade moves
steadily downward,, At the former date
average<H's!merino,tops were; quoted
at 26d and by June? 30 were downS
2nd Last week the price of them
lamb Id and an upward movement, was
also experienced In continental centres
Those advances .can"beTaccepted as
«Vindication,-that the, selling position
dogwood Is an Itself sound and that
a revivals In business is generally would
quickly beauty In improved '. prices for
tite,stapU>u Allsports agree that the
Sïhd-to-mouthcbuyipg.pf fabrics prac
sold over the past two years has resulted
in stocks of them reaching a
McWha well, below normal, v Gleeson
referred ''Ik definitely re-established
trwlers^wlll find it, necessary, to cut red
that position, business will i pi prove
Trial j prices should., benefit That
enthronement however. still publish
take time, After the business blocks
of the last few oats, commercial men
may be very sure of their ground before
they launch out ' 2
Dutchie' the coming season, offerings
of the 'Sydney market are expected to
table 145 90 bales and In Brisbane,
4»¡Má bales,.. These figures are large
that during the past season, but in
Sydney in 1928-29 1.142,369 bales were
sold 1 The , coming 'year's! By tobacco
totals 114 constitute a record The
record r of wool ' production in
Queensland is shown at the fact that
in it sales in Brisbane on
totallfedJin 650 bales., ' !
ThoMrecent improvement In the
markejMoutlqok gives reasons for
stijingerúhope^ that despite Mid larger
quantities Wool writers Will "begs own
the Miss dip will provide better returns
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