SMALLER OFFERINGS.

Auckland Star, Volume LXVI, Issue 275, 20 November 1935, Page 8

SMALLER OFFERINGS.

FACTORS iM IMPROVEMENT. INCREASED CONSUMPTION. Commenting on the general wool position Messrs. Winchcombc, Carson and Company, Sydney, woolbrokers, writing on November 12, stated: — The smaller quantities of wool available in most consuming countries are partially responsible for the higher prices of this season, but .expansion in turnover in the United Kingdom, Japan, America, and to a lesser extent the Continent, has also been a factor. Experience in Australia offers an illustration of that aspect. As employment in the Commonwealth has increased the local mills have become busier, buying about 300,000 bales at Australian auctions last season, compared with an average of 230,000 bales for the four preceding years, and only 145,000 bales at the low point of 1930-31. Expansion in public purchasing ability and the disappearance of the monetary fears of the depression are contributors to i the improvement. Human mentality, confidence or nervousness are particularly important factors In trade of all classes, including the wool business. It is a difficult influence to assess, but this season is certainly favourable to wool sellers. Causes for confidence in wool values exist. . Higher prices may be seen as the season progresses. Some further improvement may prove safe under current conditions, but anxious as we are as wool- sellers to get good figures for the Australian clip, experience raises a danger signal against extreme figures, and we hope that risky development will be avoided.