AMERICAN WOOL
Lull In Trading CBv Telegraph—Press Assn.—Copyright.)* NEW YORK, March 27. The Boston correspondent of the New York “Journal of Commerce” states that the buying of domestic “spot” wool there has slowed down to the minimum prices. The current lull in trading, however, fails to alter the strong basis of domestic wool prices. Prices, however, have been virtually at a standstill for the past four weeks. The territory group 'of six grades of wools stands at'93 to 95 cents per lb., indicating an approximate value of 100 to 101 cents. Minor changes are in a slightly upward direction, but the market ig. without any definite trend. For wool in the grease, "futures” were easier yesterday with many deliveries selling down to the new low mark of 95 cents per pound.
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Bibliographic details
Dominion, Volume 34, Issue 157, 29 March 1941, Page 5
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131AMERICAN WOOL Dominion, Volume 34, Issue 157, 29 March 1941, Page 5
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