WOOL MARKET
IMPROVED POSITION. CHANGE IN A FORTNIGHT. SATISFACTORY SALES. (United Press Association—By Electrio Telegraph—Copyright). Received April 7, 11 a.m. .LONDON, April 5. The London wool sales are proceeding satisfactorily, and when they close on Wednesday it is probable that many descriptions will show an advance of five per cent, over the opening rates. Commenting on the position, a Bradford correspondent writes:— “A marked change has come over the market in the present week. The improved demand for tops, especially the finer qualities, has been maintained, and advance prices have been made. The hardening of values which commenced when the Australian growers agreed with the buyers on the selling programme for the remainder of this season has continued. Because of the confidence created not only have our own importers bought more freely, but also ft is reported that speculators not connected with the wool trade have joined in bidding at the sale, having apparently decided that wool at the present price is a good investment. “The bidding at the London sales also has become more active in a general sense.
“Therefore, wool to-day occupies a much better position than a fortnight ago.”
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Bibliographic details
Manawatu Standard, Volume L, Issue 111, 7 April 1930, Page 7
Word Count
192WOOL MARKET Manawatu Standard, Volume L, Issue 111, 7 April 1930, Page 7
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