WOOL SALES.

Hawera & Normanby Star, Volume LIII, Issue LIII, 14 July 1908, Page 4

WOOL SALES.

Thei July wool sales in London opera, to-day, and the course of the market during the - current week will be a matter of considerable inipcrtanoo to New Zealand, There can, be no doubt that the adverse market of the past few months' has) been mainly re&ponsifcle foi* thei stringency in the Dominion money marked Tha sales that were effected hava too olten meant reclamations by thei tanks from growers in spite, of very moderate advances 1 , but besides it is understood that a considerable quantity has been held over and that thetrei are considerablei stocks awaiting realisation. Financial institutions as well as individuals are thus 1 carrying ai load, tilia removal of which, would materially ca&o things. Th« x Treasurer in his Financial Statement") showed that statistically cansidorcd tlio position is encouraging, and tliat in oordinaay coursei the needs of the population of tlio world should create an increased demand. Further, transactions hava beeavso restricted during the past few months that it may rear sonably bo supposed manufacturers' a.re now holding very short stocks arid that if trade- is anything like normal thay must need raw^material. 1% xs is hoped, the sialos open with, a conn-, demt tone, relief will he afforded to eiverv clasia of thei community.