WOOL PRICE PROSPECTS

Press, Volume XCVII, Issue 28743, 14 November 1958, Page 12

WOOL PRICE PROSPECTS

“Fairly Buoyant Conditions” (New Zealand Press Association) WELLINGTON, November 13 Trade conditions in London when they left a month ago were fairly buoyant and he believed Dalgety’s had good grounds for the recent forecast of an upsurge in trade and commodity prices, said Mr J. Vosper, a director in London of the International Wool Secretariat, in Wellington today. Mr Vosper, and Mr P. Durr, ot Dusseldorf, director of the West German branch of the secretariat, are touring South Africa, Australia and New Zealand. They will spend nearly a fortnight in New Zealand When they left London, said Mr Vosper, the atmosphere in the wool trade was much as* it was here—one of concern and puzzlement at the way things had gone. Though he had no statistics to prove this, it seemed as though the pipeline between the manufacturer and the retailer had become blocked with an oversupply of manufactured woollen goods. There were signs in the British retail trade of a greater readiness to promote all wool fabrics, added Mr Vosper. New fibres had emerged season after season and the retailers were now detecting a ‘‘certain wariness” among the public to the claims made about synthetic fibres. In West Germany, said Mr Durr, wool was always looked on as more desirable and of better quality than synthetics. This was largely due to the attempts by the German Government during the thirties to reduce wool imports and to promote home made synthetics. However, just as in Britain, there was something of a standstill in German wool buying because of heavy stocks.