MAY STILL GO HIGHER

Wanganui Chronicle, Volume 76, Issue 301, 21 December 1933, Page 8

MAY STILL GO HIGHER

WOOL PRICES NEXT YEAR AUSTRALIAN VISITOR’S VIEW. [ Ter Pre** Association. I AUCKLAND, Dec. 19. “The general impression is that the wool market will be better in March than it is to-day,” said Mr. R. Falkiner. a prominent New South Wales pastoralist and general manager of F. S. Falkiner and Sons, Ltd., stud Merino sheep breeders, who is a passenger on the Mariposa, which arrived from Sydney. He is making a short pleasure trip to the United States. Prospects from a pastoralist’s point of view are the best for some years, at any rate since 1928.” said Mr. Falkiner. “The price of wool is good, and so is the price of store stock. Wehave had one of the most uniformly good seasons throughout Australia.” Pastoral properties were improving in value, and there had been few sales. Until a few months ago the value of pastoral properties on the market was at zero, and they could not be sold. Now, however, they were realising fair prices. The financial position was much easier, especially in the pastoral industry. It had been said there was a shortage in the supply of wool, but it was difficult to determine exactly what the position was. In Queensland some pastoralists had shorn their sheep at less than nine months old. This meant an increase in supply this year, but it would tend to reduce supply next year, so that it was difficult to tell what amount of wool would come forward. Mr. C. L. Harden general manager of Thomas Brown and Sons, Ltd., merchants, Brisbane, who is making a holiday trip to Pago Pago by the Mariposa. said the recent prices of wool were profitable and satisfactory. It was generally hoped in Queensland that they would be maintained. Pastoral properties were again changing hands at satisfactory rates.