THE WOOL SITUATION.

Manawatu Standard, Volume LIV, Issue 288, 2 November 1934, Page 16

THE WOOL SITUATION.

SIGNS OF MORE HEALTHY • POSITION. Our raw material is still feeling seriously the lack of support from Germany, wrote H. Dawson, Sons and Co., Ltd., the well-known London woolbrokers, on September 18. The hopes of better trading with that country are still most disappointing. It is evident 1 that the door can only be opened more widely by the sheer necessity tor wool, which must eventually be felt. The stocks of tops in Germany have shrunk to an abnormally low level. Compared with August of last year, the figures are as follow:

The greatest hindrance to confidence is found in the existing financial and political conditions, and is not confined to Germay, as the depression in France and Belgium is undoubtedly attributable largely to the same cause. It is probable, however, that in spite of these adverse local disturbances, the prime factors of supply and' demand must eventually begin to operate deposition is becoming more healthy week cisively, and there are signs that the bv week in this respect.

SYDNEY SALES. SUPER SORTS "AGAIN ADVANCE. SYDNEY, Nov. 1. At the wool sales to-day, 10,677 bales were offered, of which 9665 were sold at auction, 602 being sold privately. There was very strong competition in which all sections shared, particularly Yorkshire. The market was very firm, with occasionally a five per cent, further advance in the case of super sorts. Greasy Merino made 18d for Tenterfield and Yass offerings.

Merinos .. Aug., 1933—3,220,000 kilos „ 1934—2,208,000 kilos Crossbreds „ 1933—6,358,000 kilos ,, 1934—2,938,000 kilos