OUTLOOK FOR WOOL

Evening Post, Volume CXI, Issue 75, 29 March 1926, Page 9

OUTLOOK FOR WOOL

.RENEWED CONFIDENCE IN TRADE.

(United Press Associatic—Copyright.) (Australian-New Zealand Cable Assn.) LONDON, 27th March.

Wool-traders generally express satisfaction at the result of the sales just concluded, which were regarded as tho most critical of the season on account of the large quantities being offered in Australia, New Zealand, and South Africa simultaneously with the London auctions. This naturally meant a great strain on the buying power of the wool industry, and taxed its financial resources somewhat heavily, but, to quote a leading authority, "there has been a minimum of weakness, and in London all the best merinos and finest crossbreds slightly hardened in value. This has given trade an assurance of confidence which so far has been lacking."

Business' at consuming centres is not yet brisk. The improvement, though noticeable, Js slow. Traders are showing great caution after last season's experience. The markets are still extremely sensitive, financial interests sometimes operating unfavourably, particularly for Continental business. Consequently, there are no indications of any definite upward movement. The great desideratum is a minimum of fluctuation. Any material advance would probably check new business, and a decline would again destroy confidence, which is just becoming established.