LONDON WOOL
COMPETITION AGAIN ACTIVE GOOD CLEARANCE AT FULL RATES (U.P.A.—By Electric Telegraph—Copyrig**] LONDON, 13th July. At the wool sales 9015 bales were offered, including 4720 New Zealand, and were 7675 were sold. There was ! a good selection and competition was | again active. Although scoured merinos ' were frequently withdrawn a good i clearance was effected at full rates. New Zealand greasy crossbred I “Kereone,’’ 83d to 9£d; slipe halfbred lambs "Three Star,” llid to 13d. MAJOR IMPROVEMENT IN VALUES UNLIKELY (Received 14th July. 10.10 a.m.» LONDON, 13th July. I Henry Dawson and Sons. Ltd., com- ! menting on the wool sales outlook says that while merinos are reasonable at present levels, lack of consumption by blanket and carpet mills is affecting the consumption of crossbreds. The marked improvement of sentiment in the United States may help stability, but thus far there is no concrete informj ation of recovery either in America or i Europe. Unless Italy. Germany and 1 Japan are shortly forced into the marj ket there is no likelihood of a major improvement in values.
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Nelson Evening Mail, Volume LXXII, 14 July 1938, Page 7
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176LONDON WOOL Nelson Evening Mail, Volume LXXII, 14 July 1938, Page 7
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