WOOL TRADE DULL.
PRICES TEND LOWER. (Received 10 a.m.) LONDON, February Iβ. Mr. Devereux, representative of the Australian Wool Council, reports as follow: — Easing of Japanese competition in Australia, combined with European and American factors, has created a depressing influence on Continental and British wool centres. Tops at Bradford have fallen. A certain amount of new business has been done in Merinos, but orders were refused because prices offered were too low. Fine crossbred tops were readily absorbed, but there was not enough business to test prices for medium and low crossbreds. There is no change in yarn quotations. German sales of tops have decreased. Prices are weaker, owing to political uncertainty for the purchasing power of the public. Antwerp and Roubaix futures markets are quiet at 2M: per cent decline.
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Auckland Star, Volume LXIV, Issue 42, 20 February 1933, Page 4
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131WOOL TRADE DULL. Auckland Star, Volume LXIV, Issue 42, 20 February 1933, Page 4
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