THE WOOL MARKET.

Auckland Star, Volume LVII, Issue 301, 20 December 1926, Page 4

THE WOOL MARKET.

BETTER TIMES AHEAD. FRANCE TAKES RIGHTFUL PLACE. A hopeful note regarding the future of the wool market was sounded at the annual meeting of the Gear Meat Preserving and Freezing Company of New Zealand, Ltd., on Wednesday, by Mr. F. W. Renaut, manager of the company's London office. He explained that they had had a trying time in London in meeting the falling meat market last year. They had lost no opportunity of getting rid of their stocks, and, considering the market, the results of last year's operations were as good as could be expected. The way in which they had marketed their wool had been a factor in relieving the position.. They had got rid of 3500 bales at the September sales. "The wool market will look up," declared Mr. Renaut. "Everyone expected that France would drop out. With her depreciating currency. France could not go wrong in buying during the past few seasons, and French buyers did not care what price they gave. It is always easy to maintain trade when a profit is assured. Bradford was regarded as the centre of the wool trade, and if Bradford is not in a strong position the wool market is bound to suffer. France will now take her proper relative position, with increasing advantage to the British market." The good team work of the head office, he concluded, had been an incentive to the London staff to do their ver}- best.