WOOL TRADE.

Hawera Star, Volume XLV, 17 September 1925, Page 5

WOOL TRADE.

SLOWLY RECOVERING. DIFFICULTIES STILL AHEAD. j BY CABLE—PRESS ASSOCIATION—COPYRIGHT LONDON, Sept. 15. Dawson’s report states that the home \vooi trade is recovering slowly from a disastrous shaking. Though the wool sales opened fairly satisfactorily, the outlook is overcast. The prospects for the market have not materially improved and consequently expectation of lower prices pervades the trade. The threat of a forthcoming industrial dispute is not helpful, while increasing tariffs against our textiles, notably the unexpected blow from Australia, are depressing, but they cannot fail to react on the values of Australian raw material. The financial position does not give ground for expecting an early revival. The above factors unfortunately coincide with an abnormally heavy offering. With heavy catalogues for the present series, together with one million bales to he offered in Australia before Christmas, the last hopes of ah improvement in values this year have disappeared. France and Belgium are enjoying good trade, providing the chief support for the market, but a general revival is only possible when confidence is restored in values and the general industrial and financial position improves. In the meantime there are evidences of a steadier though somewhat .limited demand, and the general feeling is that the worst of the crisis is past.

FAIRLY GOOD. CROSSBREDS RATHER, BETTER . LONDON, Sep, IG. At the wool sales there was a large attendance representing ail centres. 'JL'he offering comprised 12,500 .bales, a miscellaneous but fairly representative competition for crossbreds. Prices were .little changed from July, hut there were considerable withdrawals of New Zealand lialfibred medium sorts, owing to 'the high reserves. Chanse sorts were occasionally in sellers’ favours owing to a strong French demand for military purposes. Good combing merinos were firm and unchanged.. tSeoureds and faulties were irregular. Gen-e-rally others were in buyers’ favour. Clips sold as follows. —Anamac, top price 28d, average 27d; Wood, 27-}d, 27d-; Gordon- Worrina, 30} d, 28}d; New Zealand, Mana 20}d, 19d; WDL/0 143 d, 13 Jcl. - AN OPTIMISTIC REPORT. ADVANCE IN CROSSBREDS. LONDON, Sep. 15. About three parts o,f the offering sold. £Fhe Ibufying by home (buyers, France and Germany was at fully last series’ rates. Merinos were quoted at par, crossbreds, fine, medium and coarse iat par to 5 per cent, dearer.