WOOL SITUATION
BRITAIN ACTIVE
CONTINENT CAUTIOUS
United Press Association—By Electric Telegraph—Copyright. (Received March 12, 9 a.m.) LONDON, March 10. Mr. W. P. Devereux, Australian wool growers' representative for Great Britain and the Continent, reports that the opening of the London series of wool sales was better than expected. Continental competition is somewhat restricted. Greasy merino, thanks to the competition of British manufacturers for the small quantity available, is selling at slightly higher prices than shown in recent transactions. Prices for merino tops in Bradford have moved definitely against buyers. Spinners are. showing more interest in the market and machinery is still well employed. ■ • Crossbred tops are firmer, but users are showing caution. The Continental futures markets are fairly quiet, most of the transactions applying to distant . months, especially Augu6t and September. There is but little change in futures' quotations.
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Bibliographic details
Evening Post, Volume CXVI, Issue 60, 12 March 1934, Page 10
Word Count
139
WOOL SITUATION
Evening Post, Volume CXVI, Issue 60, 12 March 1934, Page 10
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