WOOL PROSPECTS BRIGHT

Hawke's Bay Herald-Tribune, Issue 143, 5 July 1937, Page 5

WOOL PROSPECTS BRIGHT

Home Markets Show Strengthening (Received 5, 8,45 a.m.) LONDON, July 4. The confidence with which the markets opened was short-lived owing to the Spanish civil war situation. Few city businessmen expect catalstrophic developments, but naturally, there is no inclination to open new commiitments. Nevtrtheless, any brightening in the politieal outlook will probably lead to a sbarp advance in the markets, the undertone of which has been gradually strengthening. ,The outlook for the London wool saies is bright. If Russia and Germany decided to take even moderate weights of greasy combing wool, the markefc should be lifted well above th© Bradford pricets for tops. It is anticipated that France Is competition may be keener than usual. As anticipated, butter values drifted lower and there is a definite lack of inquiry. Tooley Street merchants do not expect any appreciable reeqvery in prices for the time being and business should be quiet and unintereeting. Apples were readily cleared during the past week at improved prices. The New Zealand Meat Producers' Board has carried out an intensive campaign during the past two months over Nortkumberland, Durham and York(shire. The loeal trade keenly po-operated in ext'ensive advertising and also helped to make th© public "New Zealand lamb conscious." Numerous competitionjB and displavs were held, including prizes f©r children for colouring miniature . Nfw Zealand posters. The board enteftaincd 4000 entliusiasfcic youngsters at a showing of New Zealand films at Neweagtlo where the prizes were. presented, _ ;