POSITION IN AUSTRALIA.
DANGER OF HIGH RATES. The current season has progressed very satisfactorily in Australia, despite the absence of Japanese buyers. Four months' sales have realised the substantial figure of £12,500,000. Commenting on the present position as it affects the Commonwealth Messrs. Winchcombe, Carson, Limited, of Sydney, write:— "The wool market looks sound. At the moment its chief risk appears to be that it may go too high. We hope that risk will be avoided. The change in currency values on the Continent gives more scope for prices than when European trade was severely restricted by rates of exchange. The better distribution in consumption which thaF alteration has produced should prove a valuable factor for stability in values."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19361118.2.28.4
Bibliographic details
Auckland Star, Volume LXVII, Issue 274, 18 November 1936, Page 5
Word Count
119POSITION IN AUSTRALIA. Auckland Star, Volume LXVII, Issue 274, 18 November 1936, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in