THE WOOL MARKET
Small Carry Forward By Telegraph.—Press assil—Copyright. (Received July 30, 6.30 p.m.) LONDON, July 29. The healthy demand for good combing wools at the London sales was not surprising, as merinos are still cheap compared with the average price over a scries of years). Growers, however, have the consolation that the 1935-39 elips have lieeu cleared. The carry-forward balances are on the light side despite the lack of normal Japanese, German and Italian support. Some traders consider that crossbred values have overshot the mark. H. Dawson, Sons and Co. consider that the wool outlook is good. The demand for slipes at present gives New Zealand an advantage over Australia. Stocks of fine wool tops are ample for current needs.
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Bibliographic details
Dominion, Volume 32, Issue 259, 31 July 1939, Page 12
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121THE WOOL MARKET Dominion, Volume 32, Issue 259, 31 July 1939, Page 12
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