Rise in Wool Prices as Market Shows Strength
Sydney reports a further advance in wool prices amid intense competition across sales. Yorkshire fleece leads demand, with broad market uplift and speculation about potential gains if the trend continues.
24 Sep 1931
Page 1
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Sep 24, 1931
Page
1
Sydney reports a further advance in wool prices amid intense competition across sales. Yorkshire fleece leads demand, with broad market uplift and speculation about potential gains if the trend continues.
Twelve Americans aboard the Nautina stood accused in a crime case with several crew members admitting involvement. One key witness indicated TulMagee sailed under a restricted schedule, while others faced underclothing and weather related sentences. Officials described attempts to reach Polen under adverse conditions.
John McAuley facing charges for carrying unlicensed weapons. The court reported he pleaded guilty to possession of firearms without a license and received fines. Additional counts related to possession and shooting weapons were noted with penalties imposed including days in custody and further fines.
A fragment suggests discussions on dissolution by federal or state authorities and writs for elections when a government fails to meet requirements. Names and specifics are obscured, but the text references the governor, federation centers, MRI national act and a Wednesday ROWAN note.
Government weighs 1 million view of the tariff report as the Tariff Board’s findings and wholesale revision of duties are under consideration. The House asked what steps the government will take and whether an independent committee should be appointed to hear proposals. The minister stated the government is examining the Tariff Board’s report with unclear certainty about the outcomes.
In caucus the government faced renewed push from Mr Holloway and Mr Makin to fund public works via fiduciary issue after banks refused 500000 pounds. They warn a rejected measure could go to the country. Leaders tout cautious reform and note overseas shifts.
London report says Mr MacDonald will decide on an election after his return to Downing Street. The timing hinges on the impact of suspending the gold standard and the clearer political situation. The Daily Telegraph claims an October election is certain.
A Moscow informed dispatch reports Soviet leader Voroshilov orders aid to Far East and Japan's moves in Manchuria raise alarm in Nanking. Chiang Kai Shek calls the invasion unprecedented, evacuation of women and children ordered, while both Tokyo and Pekin deny and defend actions amid looming conflict.
Reported in Balcutta police say State troops opened fire on a Moslem rioting mob amid a fresh Hindu panic. The clash followed a recent outbreak and is described as a violent confrontation between Hindus and Muslims with security forces involved.
Reported chaotic events as the Australian cabinet session opened with street violence and a mob action in Melbourne. Police and troops sealed areas while shops shut and only European residents could leave.
A Treasury reply to Mr. Mairn in Parliament notes that converting overseas debts to a rate near 4 percent per annum would save about BB08100 per year. The statement, amid uncertain federal control, suggests savings depend on a stable rate in line with the National Government of Great Britain and current emergencies.
Norman Wikar Smith signals strong belief in breaking his own world mark of 246.7 miles per hour. He plans to travel to New Zealand in September to attempt a new record on the flying mile, expressing confidence in surpassing his current best and the 1 hour record during the visit.
The Bread Inquiry Committee completed its internal investigation on bread cost in Canberra and prepared a report for the Minister for Theme Affairs. The committee also examined the effects of the invention and has directed attention to potential mediation initiatives.
Deputy opposition leader argues government lottery funding has shrunk hospital subscriptions sharply. Planned £600,000 for hospitals was set, but only £427,811 spent. Estimated revenue from the lottery stood at £960,000, yet just £37,000 was directed to parliamentary expenditure, with large shortfalls in actual payments.
President Hoover warns of wage cuts across major industries as steel, auto, rubber, and other sectors announce October 1 reductions. Bethlehem Steel, General Motors, United States Rubber, and others report cuts of up to percent with more to come. Commerce Department confirms nationwide pay reductions likely to continue.
Reports say wreckage sighted by a steamer in the North Sea fuels belief that pilot Philip Cramer may be alive. Authorities have intensified search and lookout near Scotland to locate the missing aviator and determine the fate of the craft.
Police probe body found on Philip Street in Sydney as figure Mrs Bryce and her daughter are linked to a possible murder. Blood on rocks near the scene and cremation of Dyler Bryce noted while investigators search for a killer and motive.
Reports from Shanghai indicate direct talks between Nanking and Tokyo on the Manchurian crisis may occur following Geneva discussions. Japanese forces in Kirin and Harbin prepared to evacuate while Chinese troops remain in the area. Civilian volunteer corps patrol streets as railway and telephone lines remain connected amid tensions.
In a London meeting, Arthur Henderson urged united action and said Labour would not oppose the government bill. Philip Snowden stated there was no alternative to the low interest premium bonds and warned Britain had invested abroad. The finance bill passed by 483 to 415 votes.
The League Council met for two hours in Geneva to address the Manchurian crisis. Lord Cecil urged calm, called the incident grave yet resolute, and recommended withdrawal of Japanese and Chinese forces while offering to share minutes with the United States.
Reported trouble and threats surface as carpenters employed on the harbour bridge threaten to abandon dangerous work. A notice of intention to halt work is served to Dorman Lang & Co. with riders on the roadway project. Local union workers claim unsafe conditions and demand higher pay for high risk duties.
At the Central Court Mrs. Alco Dunn wife of Beamigr J Dunn appeared on a charge of false pretences. Police alleged she pretended to clerk for Motor Cash Orders Ltd to obtain 40 and 2 signatures including Jamon Dunn and Ina Ay M. The defendant was remanded to defend.
A young man walked into A Brights jewelers shop in Carton today and fled with a tray of diamond rings after grabbing a revolver from an employee. An ensuing chase toward the waiting car ended as the assailant escaped.
London Tuesday sees a calm re opening of the stock exchange with banks and business operating normally despite the departure from the gold standard. Government and business leaders reevaluate plans to counter adverse effects, while international forces prompt cautious reconsideration of monetary opinions.
Export New York reports a sudden drop of 109 100 000 dollars in the U S monetary gold stock though not yet exported as reserves are cut for foreign accounts The Bank of England signals joint action after an international conference amid unequal gold distribution The British Treasury restricts foreign exchange funds for acquiring and payment until further notice Sterling quoted at 104 francs in London street market demand rises for African gold mines and cotton trade prospects noted A syndicate forms in Amsterdam to stabilize loan markets and aid stock brokers with a 4 000 000 consortium as continental visitors expected to rise
A garbled report notes a crowded gathering of public and business men forming a new association. It suggests the government may consider raising the rice or monetary system as a remedy for economic fall. The piece mentions New York and Australian bond movements with fragmented details.
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