FINANCE AND COMMERCE
FAT STOCK VALUES STEADYPOSITION OF WOOL MARKET Little change occurred in the fat stock sections at the Ad- * dington stock sale yesterday. Fat lambs sold well, and there was an excellent demand for export ewes. Other fat sheep were firm. Fat cattle were a little easier in price. Store wethers were firmer. The “Yorkshire Post” in a survey of possibilities for the new wool season is less optimistic than might have been expected. It mentions that consumption has a large lag to make up, and that unless there is a rather spectacular improvement in this department, prospects are not without some obscurity.
The Christchurch Stock Exchange yesterday was, more active than it has been recently, but the bulk of the business was in Australian industrials and mines. Taranaki Oilfields again rose in price, reaching 14s lid. .
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Press, Volume LXXIV, Issue 22429, 16 June 1938, Page 13
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139FINANCE AND COMMERCE Press, Volume LXXIV, Issue 22429, 16 June 1938, Page 13
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