THE OUTLOOK FOR WOOL
MR DEVEREUX'S REPORT DEMAND EXCEEDS SUPPLY (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, June 25. Mr W. P. Devereux (Australian woolgrowers' representative) reports:— " The further depreciation of the, dollar by the United States in opposition to immediate stabilisation may strengthen American purchasing of raw materials. Although most of the markets are subject to prompt reaction, the wool markets everywhere are very firm, and show a hardening tendency due to the demand exceeding the supply. The Yorkshire trade is active and improving. Unemployment has been reduced. Merino toys quotations have advanced and are hardening. Topmakers are not keen sellers. The output is well absorbed. Crossbred tops are firmer with more business. The merino yarn position is sound with business in sellers' favour. Crossbred yarns are a shade firmer with more business. " The French tops markets are firm, and the improvement in the industry continues. German tops sales have again assumed normal proportions with increased prices. The home trade is active, but the export trade is dull. Continental futures are firm, with a gradual improvement in quotations."
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Otago Daily Times, Issue 21990, 27 June 1933, Page 7
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179THE OUTLOOK FOR WOOL Otago Daily Times, Issue 21990, 27 June 1933, Page 7
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