"TEMPORARILY QUIET"

Evening Post, Volume CXVII, Issue 125, 29 May 1934, Page 10

"TEMPORARILY QUIET"

CONTINENTAL OUTLOOK

, c s (By_ Telegraph) „' (Special'to theii'Eventng Post.")

'~V]<V DUNEDIN, This Day. When.jaske^i- to express <an opinion on the*proßpecJs-aS£jthe wooljnarket, a. buyer ■nho 'has^'haf^ngthy experience in New Zealand-'^Stl^n the great marts of the world, said:—"The. market is temporarily very quiet and prices have gone back slightly owing to various surface causes, amongst which are Germany's embargo 6n' the importing of rawmaterials, ,the textile manufacturing strike in Northern France,- and the heavy buying at the recent sales. "But the outlook is not all cloudy. Germany, is■'sh'brt of money just now. That is<the^reascJ?i*'lfotl- J,its^embargo; but 'she will* coon "get what" shev. Wants. - The French .strike cannot last for ever, and large stocks that were l_id in must jo used up before long. In fact, there is reason ;tp belieje^thafci^he, holdings in Landonjire .already running 'out.'' ' l x STherr is yery little c,arried-ovef-wool fefV-in' New "Zealand. Reliable observers think that by1 the time our new clip is ready prices - will more or less to the level -of March last

"The advance that is anticipated will probably-help the North'lsland particularly. The.fipe,wools of Otago and Canterbury- may share in the rise, but not to so great an extent as the coarser wqols in the-North-Island, "which'are expected to^come,up to nearer correspondence with the values of the southern clips."