THE WOOL MARKET.

Manawatu Standard, Volume LVI, Issue 196, 20 July 1936, Page 7

THE WOOL MARKET.

HEALTHIER ATMOSPHERE,

LONDON, July 18

Messrs H. Dawson, Sons, and Co., Ltd., commenting on the wool sales, say the market is dominated by Russian and German operators. The Home trade is startled by the prices paid for crossbreds, though the statistical position is exceptionally sound. The future level of prices is not bound up with Japan’s action in the autumn. While her total takings from the world clips may be less, tlie offerings should ultimately be absorbed, in view of the real need for raw material by Russia, Germany and Italy. Nevertheless, the marketing of the new clip in view of financial hindrances should be carried out cautions|,y. It is noticeable that toward the end of the sales advances have brought out orders from many quarters which otherwise have shown little interest. This indicates a real demand, and proves that manufacturers have orders on their books which hitherto they have preferred to leave uncovered in the hope of lower values. No doubt a healthier atmosphere exists as a result of the improved market and good clearances. 'The usually difficult holiday period should be faced confidently without fear of severe shocks and fluctuations. The Yorkshire Observer points out that an unusual feature of the sales has been Continental bidding lor top lines and Merinos.