WILL JAPAN BUY?

Hawke's Bay Herald-Tribune, Volume 81, Issue 46, 17 November 1937, Page 13

WILL JAPAN BUY?

in 1 1 1 B Lower Prices Forecast For Wool Clips FRENCH BUYER'S VIEW Is Japan going to buy wool this yearf If so, how much, and where? These questions have been exercising the minds of the mercantile community, not only in New Zealand, but in producing countries the world over, during the past few months. A partial answer to the queries was given by M. Paul Parvaque, a French wool buyer, who has been operating in New Zealand for nine years, when he arrived in Auckland by the Napier Star from Liverpool. "You may not have Japan with you this year," he said. "I do not think Japan will buy. She bought heavily in New Zealand last year and still has good supplies, and, morever, I do not think she has too much money." M. Farvaque, diseussing the downward tendency noted at the first London and Sydney saies, forecast that prices would be sustained at a lower level than last season, with a possible drop of as much as 4d. Beduced prices wero also predicted by others buyers who arrived in the same ship. France this year would buy to about the same extent as last season, said M. Farvaque, and possjbiy a little more. The Tapid devaluation of the franc was an excellent thing for France 's external trade, and gave her greater purchasing power abroad.