WOOL OUTLOOK.

Auckland Star, Volume LXIX, Issue 77, 1 April 1938, Page 4

WOOL OUTLOOK.

CONFIDENCE IN FUTURE. CLOSE OF LONDON SALES. YORKSHIRE MILLS RESTRICTED. (Iteceivi-d 10 a.m.) LONDON. Mh fell 31. "Wool has probably suffered loss than any otncr commodity in these aiiii<-us days."'" state Dawsons. Ltd.. commenting on 1110 outlook after the London flairs. "Tlip slightncss of the reduction i'i valuer is remarkable and indie ues a confidence wlii <- J i must lie suppoi ted by optimism among both consumers and distributors'. The outstanding feature of the London Kales has been the strength in crossbred*, particularly the lowest grades, owinsr to smaller arrivals. "There is no sign of increased consumption and the Yorkshire mills continue to operate on a reduced scale. Nevertheless it is difficult to imagine that Merinos can decline much further, in view of the low average greasy price growers arc now receiving."

BRADFORD TOPS. MARKET IS FIRM. (Receiver! 11.30 a.m.) LONDON", March 31. At Bradford the market is firm, but business is small. Following are to-day's quotations and those of recent weeks: — Mitr. >lar. Mar. Mar. 10. 17. 124. 31. pet - lb per lb per lb per lb (1 <1 d <1 Seventies -S - s - ,s; Sixty-fours ... 2fiJ 204 20' Sixties lT>i 2">i -"'i Fif t.v -eights . . 22 122 22 2l' Fifty-sixes 104 1 !>i in J 101 Fifties 171 171 174 *171 Forty-sixes ...*l7 *17 *17 *17j ♦Nominal. FIRM SYDNEY MARKET. SYDNEY, March 31. At the Sydney wool sales to-day. the market was very firm for all descriptions. Spirited competition was displayed for super sorts, the demand being? well sustained by Yorkshire, the Continent and Japan. Greasy Merino made up to 25% d. A total of 5636 bales was offered and 7.~>50 were sold. In addition 306 bale*, were disposed of privately.