WOOL MARKET.

Manawatu Standard, Volume LII, Issue 6, 7 December 1931, Page 7

WOOL MARKET.

LONDON SALE PROSPECTS.

STEADY BUYING

Received December 7, 10.0 a.m. LONDON, Dec. 6

Mr W. P. Devereux, the Australian representative on the Wool Council, reports : “Yorkshire is operating more freely at the London sales, and competition is wider. Germany and Alsace are buying steadily. Buyers from the North of France are also participating more freely. The lower tendency with regard to Merinos, which was noticeable earlier, has nqw disappeared. Greasy sorts are hardening. “Heavy withdrawals of medium and low crossbreds followed the first adverse report relative to the New Zealand markets, but with an improvement in the reports'competition revived. Scoured Merinos, except the very best, are easier. “There is a better tone at Bradford, where the machinery is well employed. The restrictive effect of the British duties on manufactures has adversely affected the Continental market. The French demand is quiet. Belgian prices are unchanged. Germany’s week’s sales of tops totalled 575,000 kilos, which is half of normal.

VOLUNTEER LABOUR AT PERTH

PERTH, Dec. 6. The industrial dispute in the Perth wool stores resulted in six steamers sailing during the past week without wool car-goes. The Pastoralists and Employers’ Association is now organising volunteer labour to take wool to a ship sailing on December 12, and if the watersiders refuse to handle it the farmers- will put it aboard.