THE WOOL MARKET.

Poverty Bay Herald, Volume LII, Issue 17059, 14 June 1926, Page 9

THE WOOL MARKET.

AMERICA RE-SELLS

A development which has oc <':-iht been a contributing factor to the cautious buying policy of Yorkshire lately has been the attempt by Boston dealers to re-sell some substantia! lines of wool in Bradford, Current mails state that-some very considerable quantities of wool have been so offered. One case quoted mentions 10.000 bales of Australian and South African and New Zealand and Argentine crossbred?. The American demand has been in some respects disappointing this year, hut even so, it appears that, dealers have once again overestimated trade requirements. Probably the Boston dealers have caused trouble by choosing an inopportune time to reship wool. A few months ahead, after the heavy purchases of all sections in Australia'have been absorbed, there may be a much better demand.

The weak point about America's buying appears to be that whilst dealers buy in anticipation of manufacturers' requirements the latter also buy direct, and it happens now, presumably as it has happened before, that the aggregate purchases are beyond requirements. The American trade has been rather dull, and wealthy U.S.A. has not been able to absorb wool with anything like the freedom of •'impoverished" European countries. it is well from all points of view that the Australian season is at last over, for the world's trade apparently is sorely in need of breathing time after ten months' continuous buying.