WOOL TRADE PLEASED
FAVOURABLE OPENING SALES IN LONDON WATCH ON AUSTRALIA (Elec. Tel. Copyright— United Press Assn.) (lined. Sept. 21. 2 p.m.) LONDON, Sept. 20. The wool trade is pleased at the favourable opening of the London sales, especially as some' good buying has hoen done on German account. France also is operating, but Russia, and Italy thus far are out of the market. The opening values were, maintained. While the sales have not resulted in an advance at Bradford. they provided a tonic. Buyers, however, are inclined to wait and see whether values in Australia remain firm, despite l the absence of Japan, who is at present paying Id to 2d higher for South African than any other competitor can aftord to pay. It remains to be seen how long Japan will be able to continue uneconomic buying. If the Cape wools continue high, some Bradford users may switch overdo Australian.
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Bibliographic details
Poverty Bay Herald, Volume LXIII, Issue 19125, 21 September 1936, Page 6
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152WOOL TRADE PLEASED Poverty Bay Herald, Volume LXIII, Issue 19125, 21 September 1936, Page 6
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