WOOL POSITION

Evening Post, Volume CXV, Issue 148, 26 June 1933, Page 12

WOOL POSITION

ALL MARKETS FIRM

YORKSHIRE TRADE ACTIVE

(Received ■ June 26, 9 a.m.)

LONDON, June 24.

Miy.W./P. Dever,eux, representative in ■tondon and oh the Continent of the Australian. Wo6l Growers' Association, reports that further depreciation of the America^ dollar and United States opposition to its immediate stabilisation may strengthen the American purchasing of raw materials, although most markets are subject, to prompt reaction. The wool markets are reported as everywhere very firm, and show a hardening tendency, due to the demand for wool exceeding the supply. . - The Yorkshire woollen trade is described as ..active. and ■ improving, while its unemployment returns are being re■dueed. ,-■ .'....'■ - , . , . '■ Merino top quotations have advanced, and the market for them is hardening. Tqpmakers are not keen sellers. Their) output is"being well absorbed. Crossbred 'tops are quoted firmer, and more business is reported. Merino yarns are occupying a sound position, with the business done being in sellers' favour.' Crossbred yarns are a shade firmer,, with mbre: business taking place. .The French tops market;is reported as firm,, and the .improvement in that industry continues. German sales of tops have again assumed their normal proportions, and ~th'at *at increased prices. The home trade is described as active, but export trade is dull. • ' ■■The. Continental wool futures is firm, With a gradual improvement in their quotations. ,:-■'.-■■