WOOL OUTLOOK UNCERTAIN

Hawera Star, Volume L, 19 January 1931, Page 5

WOOL OUTLOOK UNCERTAIN

EFFECT OF ALTERED EXCHANGE. l i; ! ~u-<l IT--"- Association-By Electric Telegrupb OoiO right.) LONDON, Jan. 17. Merino and crossbred tops do not reveal quotable change at Bradford and there is little indication of forward business, despite free taking up against contract. Yarns are in the same position. Particulars of Merino yarns are coming slowly’ from manufacturers. The position in Germany is not regarded pessimistically. Notwithstanding that quotations for tops hav’e fallien, increased orders for worsteds encourage the expectation of an early and more active demand for Merinos. The demand for tops has diminished *n France. Stocks are increasing and weak iiold'ers are disposed to force sales. Spinners are fairly well employed. . Belgian combers are busy, working two -shifts to cope with free arrivals of wool, but tops are accumulating. The recent exchange alterations have rendered the sales outlook uncertain. All English and Continental centres are watching the position closely and awaiting the London sales to provide a test of the actual spot position.