THE WOOL TEABE

Evening Post, Volume CXV, Issue 77, 1 April 1933, Page 14

THE WOOL TEABE

A HOPEFUL VIEW

'" Average' prices for woo! in the Sydney: . -market this . season ; have, hovered ' round. about 9d per lb., The season, opened on September 3 at 8.26 d, and the following week the average was 9.19 d. For Octobej, November, and December . the highest average was 9.02 d, the lowest.B.29d. For vthe mid-March' sales 9.05 dto O.lld was the average. ; / Winehcombe, Carson, and Co., Sydney, remark on the... "rapid disappearance of the nervousness, which has appeared from time to time'this year" as offering evidence that consumers' confidence in the future 'is not so readily shaken as it.was during the earlier years of the world depressi6n. The firm continues: "We see no reason to expect a rapid rise in rates during the Jnonths aheach; Recovery in world purChasing power n^ust prove 'a gradual pro^ cess if it is to show permanence; but it is certain that raw materials,' and' particuJarly those in general use such as wool, yriil show the first benefits of improved conditions." 'L. ', '. . ; ' , ' Wool bought has gradually passed into feonsumption, and the general • feeling is held that the' long 'looked- for ' expansion in trade is now: not far distant. During the five months ahead very'limited quantities of the staple will be available for tale in all markets. During that fairly length period wool in mill, warehouses will pass into without much •pportunity to'replenish stocks.