WOOL TRADE.

Auckland Star, Volume LXVIII, Issue 100, 29 April 1937, Page 5

WOOL TRADE.

HIGH LONDON VALUES NEXT TEST IN AUSTRALIA. i i CROSSBRED* IMPREGNABLE. ! I'nited Press Association.-—Copyright. (Received 10 a.m.) , LOXDOX, April 28. ; Messrs. Dawson and Sons. commenting | on the wool sales. state tliat the height , of the prices attained are almost fearj some and make folks nervous, but all old crossbred stocks are completely | cleared and the position appears j impregnable. j Merinos advanced more modestly, but with limited supplies and a strong general demand prices, may still be , buoyant. The real test must shortly i be faced at Sydney and Brisbane, where j more plentiful supplies will be available. Meanwhile, consumption of all grades ! has developed at an unexpected rate. | Both tops and wool at most' European mills are 011 a low level. I The outstanding feature of the season ■ j has been the resumption of Russian j operations, while unexpectedly strong I support front America also helped the I market. The home trade finds difficultv in making ends meet, whether selling ■ or buying, being dragged by the heels in a strong world demand.