TRADE OPINION

Evening Post, Volume CXVIII, Issue 114, 10 November 1934, Page 12

TRADE OPINION

BETTER TONE PREVAILS -

(By Telegraph) . (Special to the " Evening Post.")" ■ DIINEDIN, This Day. Wool producers and dealers are await; ■ing with interest the first sale of the season at Auckland on November, 27. In Otago woolmen .consider that there is a . better tone prevailing," and things are not expected- to be as hard as was at first • thought^-;; ■ '•'st-1 ' 'i:'K■'■% '■-/rs'.—■'-;%■ ■ IT Highe"r;^price«|;,thivp»|hdse ,qbtaining ( .ifi; Lonijon fdrVaonie^time 'are^confldently■ anticipated. "A good'clip" is'expected, since the winter, was a'suitable one for wool growing. -' , : Fortunes have been lost by importers from New Zealand to1, England since .last season. ■''■■ One broker declared, ■ however, -that the next London sales will;doubtless show definitely renewed confidence in trade in addition, to.recording ,highe.r prices. But. the extent o£ the.Continental buying is expected' to' be greater at the Auckland sale than in London i£, as is expected,' Germany; again operates. This will have the effect of compelling, other Continental countries to come into the mar- , With increased! buying^orders there-will be ft resultant increase' in the. values. The market has firmed up in anticipa--1 tion of such happenirigi. ". . •■'.'•. The broker , continued that anotherfeature that has oatised more confidence, in wool is the new trade agreement with. Germany .Apparently -it is : satisfactory to Bradford, as yesterday'al. cable indicates, that the ban ohf 1 Export,! of y.arn to' Germany has ■ been- removed.-.: .Arrange-, mehts' must have- beei^" made -as regardss payment by Germany:'«bn previous -dehveries.'\ .~. ~ ~-.^ ... '■;■:*:"' ':-■:'.[