Douglas Island news., 1920-09-24

proved feeling has replaced Che de- nrcaion and gloom that cnioldcd tho industry previous to thc announce mont that thc auction salcs would be poptponcd Thoro Is som @ strike
 going on In Che manufacturing trade but a settlement is expected shortly. Tho operatives indulgod In ituo
 speculation on their own account
 following Che example set by tho.r employers. A ur cutter la paid now
 they ay. upward Of s1t5 % week.
 and chat salary is not bouudgcd ii
 ho would only show some productive results Operatives who earned $15 and SIG week before Che war woro
 getting $40 and S5O Q week before
 ho strike. Tho chief demand of Che
 union n Che present disagreement is
 for forty nstcad of forty-four
 hour wcok
 Upon Che conclusion of thc strike. manufacturers believe @ fairly active
 demand for fuu should develop.
 Buyers bavc been holding o0 with
 tho expectation Of securing lower prices as result Of reduced values established at Che sales These aalca win not be held except in London. and Che backcd-up demand win soon
 bo loosod. The maufacturors be-
 cause of lower raw fur prices. will
 be able to oGor moro attractive values
 as am added spur Go public buying.
 The raw lur decline amounted Co be-
 tween 20 and SO per cent and more
 on some articles This win enable
 Che consumer Go obtain proporlionato
 savings Fur arc fashionable. it is
 pointed out and. as they win be
 cheaper. fair business is forcsoen for au
 The above outline indicates why
 Che various mr trade elements
 united In % demand for putting on Che sales But lt contains no prom Ise or what lies ahead ol Che c1ort to establish America os Che world market for fum When Che plan to establish leadership here was first
 broached. objections were taken by those who believed London was Che ideal market In point of accessibility ! and for other reasons. Even though ur had to be shipped there and |back. some points were made In favor Of London Ono of these was |tbat foreign buyers would reach |mat city more easly and another | thot no market can hold both Che trade .toIl and a world auction ccn- ter Thus It was explained, London was supreme os a sales centre. but .had no industry worth speaking of And it has been noted iu Che sales |hclI here Chat thorc arc disadyan- |ueos connected witch opening Che
 doors Of am institution of Che kind | t0 an purchasers lt was SO con- |vcu.cnt for Che small buyer to vist Che sale and secure hia few re- |Gurcmon.s. Chat a host of his kind
 took advantage Of Che auctions Tie
 would pay to get what he wanted land actually make Che price for Che large dealer. lt was something liko asking wholesale buyer to bid .aranst retail customer in a store. ! |At London Che dealer was among hia ! kind. and Che prices made were Che big buyers prices. That sums up .mo pI,h of Che argument against . holding tho sales in thIs country But for actual evidence tho auction companies here can show the solo Of Che largest quantities of furs ever |oTered I'm ono market n fact. Che gathering Of these hugo supplies has been more or less responsible for .prccnt diGi.mues. A movement has boon started by Che various fur inc forests Co urge and assist Che with- dravM of Che surplus chat has piled .un in Che ur clearing houses. Once tho cIoarauccs are made. tho trade win bc better able Go judge how suc- . cuossiul has been Amcr.cas bid for . supremacy What remains to be
 socn too. Is whether London by ita decision Go hold its usual sales. win . regain its warnost prestige and once more dominate Che fur mar .kcts Of Che world.