WOOL POSITION

Poverty Bay Herald, Volume LIII, Issue 16234, 7 January 1927, Page 5

WOOL POSITION

GERMAN AND BRITISH TRADE I \ SYDNEY. Dec. 30. Thai indications give no cause for uneasiness regarding the course of coming wool sales is the opinion exI roused hy Wiuchcombe, Carson, Ltd., ..in its latest i-fM imv of the wool position. This view is l.a'sed on the fact Mint prices arc at a moderate level. It ' it said that i -, eu in circles in which trade in woollen manufactures has iol l'"cn too buoyant the In lief is generally held that prices for the staple arc not likely to show any appreciable variation this season. It might have I n imagined that wool would accumulate in Yorkshire owing to decreased mill activity due to the recent prolonged coal strike. Stocks ]of wool in Great Britain were heavier 'at the end of hist October than a jycar before, But they were only | about 2o per cent, larger, and were 37 (per cent, less than at October. 1922. lOn many occasions English wool holdings have been more bulky. In fact, ] t hey u ere below the normal pre-war level, No reason for concern regard iiig the statistical position of the staple in Britain, therefore, exists In October exports of tops from Great Pirtain were the heaviest seen for 12 i moid lis. Worsted yum shipments J were the best experienced (his year. ! Gormauy al present, the report prn- | coeds, is showing the greatest expnn- ! sieii as a wool consume!-. For govj oral years Germany has been one of [Yorkshire's besl customers for tops '.Mid yarns. The fortune of her wool : trading, therefore, is of decided interest to the United Kingdom and the ; wool-producing countries of the British Empire. With wool consumption in Prance slackening owing to the financial difficulties the activity of German buyers this season is of special importance. With values on roeo'.il reasonable levels and indications of ?i general demand, for the staple no appreciable variation in prices appears likely at coming auctions. Sydney sabs opened on Tuesday, ».mum miiiniiMiiiiiMiminnri