QUIETER DEMAND
LONDON WOOL SALES GERMAN BAN EXTENDED (Received May 5, 11 a.m.) LONDON, May 4. At the wool sales, 6989 bales were offered, including 788 from New Zealand, and about 1649 bales were sold. There .was,a quieter demand, and some irregularity in merinos, with more frequent withdrawals on high-selling limits. Crosvsbred sold firmly to Britain and the Continent.
New Zealand sales: Greasy merino, MM, top 17d, average, 16£d; greasy crossbred, JB, top, 12§d, average, 10d. The embargo on the importation of wool tops and yarns to Germany has been extended to May 21. 'The Yorkshire Post says the London sales revealed the indirect German influence on the sale room. An extension of the ban should not materially affect spot trade. There are many firms accustomed to buy on German account who are prepared to operate in anticipation of future requirements. It will be nearly two months after the elose of the present series before, the sales recommence. Germany obviously will need supplies before then.
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Bibliographic details
Poverty Bay Herald, Volume LXI, Issue 18389, 5 May 1934, Page 5
Word Count
165QUIETER DEMAND Poverty Bay Herald, Volume LXI, Issue 18389, 5 May 1934, Page 5
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