WOOL TRADE.

Auckland Star, Volume LXV, Issue 267, 10 November 1934, Page 4

WOOL TRADE.

NEXT SEASON'S PROSPECTS. MOKE HOPEFUL OUTLOOK. (By Telegraph.—Special to " Star.") DUNEDIN, this day. Wool producers and dealers are awaiting with interest flif. first wool sale of the season at Auckland on November Tt. In Otago wool men consider there is- a better tone, prevailing and things are not expected to be as bad as was at first thought. Higher prices than those obtaining in London for some time are confidently anticipated. A good clip is «• pected, since the winter was a suitable one for wool growing. "Fortunes have been lost by importers from New Zealand to England since las: season.' , one broker declared. "However, the London sales that commence nesTuesday will doubtless show definitely renewed confidence in the trade, in addition to recording higher prices, but the extent of Continental buying is expected to !>'• greater at the Auckland sale than m London. If, as is expected, Germany again operates this will have the etlcct of compelling other Continental countries to come into the market with increase!' buying orders, and there will be a resultant increase in values. The market M» firmed up in anticipation of such happening," the broker continued. "Another teature that has caused more confidence i" wool is the new trade agreement wiui Germany. Apparently it is satisfactoi.' to Bradford, as yesterday's cable indicates that the ban on the export of yarn v> Germany has been removed. Arrangements must have been made as regal'inpayment by Germany on previous deliveries."