WOOL PROSPECTS
DEMAND STILL ACTIVE. In less than seven weeks the first of the new season's series of New Zealand wool sales will be held at Auckland, followed by fixtures at Napier and Wellington. It is highly satisfactory to note, therefore, that the September-October sales in London have closed firm for all kinds of wool. Compares with July rates fine crossbreds made a 10 per cent, advance and coarse, 15 per ce'nt. The demand was firm and active, coming from both Home and foreign buyers. Australian advices serve to confirm the favourable impressions produced by London reports and generally the auspices are still set fair for the New Zealand fixtures. Woolgrowers are also in the happy position of not having to worry about the proposals for restricted production which are being made in the meat and dairy produce trades. Stocks of wool are remarkably low and, instead of talking about over-production, there is a suggestion of scarcity due to the depletion of flocks, especially in South Africa and South America. Barringunexpected developments, the new season's sales promise a much improved return to the sorely pressed growers.
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Bibliographic details
King Country Chronicle, Volume XXVII, Issue 4458, 17 October 1933, Page 5
Word Count
186WOOL PROSPECTS King Country Chronicle, Volume XXVII, Issue 4458, 17 October 1933, Page 5
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