WOOL MARKET.
MORE FAVOURABLE OUTLOOK. HOPES OF BETTER CONDITIONS. Received Jan. 9, 5.5 p.m. LONDON, Jan. 8. The prospects for the wool salesopening on Tuesday appear favourable. More confidence is apparent regarding raw material values as top makers are carrying very small supplies. The likelihood of the commencement of export credit schemes also gives hopes of better conditions in the woollen trades. An export corporation has been formed to utilise the credit scheme in order to ship surplus woollen and worsted clothes to the Continent. There is a more cheerful tone at Bradford. Sellers are stiffening in the belief that values are low enough and that the Australian realisation scheme will likely cause a firmer' tone by its effect on spot values. There is an improved inquiry for yarn, but piece goods are still a drug in the market though price-cutting is becoming general. BELGIAN WOOL SALES. Received Jan. 9, 5.5 p.m. ANTWERP, Jan. 8. At the wool sales 11.160 bales were offered and 1,460, were sold. Prices were irregular, but ten to fifteen per cent, below last sale.
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Bibliographic details
Wanganui Chronicle, Volume LXXVI, Issue 18072, 10 January 1921, Page 5
Word Count
179WOOL MARKET. Wanganui Chronicle, Volume LXXVI, Issue 18072, 10 January 1921, Page 5
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