MONEY AND WOOL.

Hawera Star, Volume XLVI, 22 November 1926, Page 4

MONEY AND WOOL.

PROSPECTS AT HOME. REVIEW OF THE SITUATION. BV CABLE-PRESS ASSOCIATION—COPYRIGHT. Received 10.10 a,m. to-day. TA>NDON, Nov. 20. The Stock Exchange is passing through an unsatisfactory period, for though the approaching end of the coal strike -has had, a good effect, this has been neutralised by heavy selling orders from Paris, as a result of a substantial improvement in the value of the frauc. Large blocks of international securities have been thrown on the market, causing flatness in many sections, but gilt-edged securities remain steady. As fears of a rise in the bank rate have passed, colonial stocks are steady .and Mr. Bruce’s statement has had a, reassuring affect, although prices have not yet' responded beyond a fractional increase here and there. WOOL PROSPECTS.

The prospects of the forthcoming wool: sales are being, eagerly discussed: and the rather pessimistic views prevailing a fortnight ago will have been ijnproved by the prospects of the resumption of work in the coal mines and the good reports of sales in New Zealand, but widens generally would not be surprised to see a slight fall in values on Tuesday. In their annual review, Messrs H. Dawson and Co. point out that the the principal factors to be considered during the coming season are: That it opens with a fairlv clean start as regards supplies in the primary markets; that stocks in consuming centres are not heavy and that there is a good undertone of general confidence in manufacturing districts of Europe, excepting England, where industrial disputes have caused a, depression. France’s ability to adjust her finance is a factor that, will -seriously affect the position of merinos, and effects of stabilisation of the franc will have to be gauged carefully. The great disideratum, in the textile trade is a period of stable values, with a minimum fluctuation. There is evidence all over the world of a call for manufactured goods at (reasonable values.