"A CLEAN START”

New Zealand Times, Volume LIII, Issue 12611, 23 November 1926, Page 7

"A CLEAN START”

WOOL PROSPECTS IMPROVED BUT PRICES MAY FALL SLIGHTLY GOOD EUROPEAN TONE Bv Telegraph.—Press Assn. —Copyright. Australian and N.Z. Cable Association. LONDON, November 21. The prospects of the forthcoming wool sales are being eagerly discussed. Tlio rather pessimistic views prevailing a fortnight ago have been improved by the prospects of a resumption in the coal mines, and by good reports of sales in New Zealand, but traders generally would not be surprised to see a slight fall in values on Tuesday. In their annual review, Messrs H. Dawson and Co. point out, that the principal factors to be during the coming seaman are that it opens with a' fairly clean start as regards supplies in the primary markets, that stocks in consuming centres are not heavy, and that there is a good undertone of general confidence in the manufacturing districts of Europe, excepting England, where industrial disputes have caused depression. France’s ability to adjust her finance is a factor that will seriously affect the position of merinos, and the effects of the stabilisation of the frano will have to be gouged carefully. The great desideratum in the textile trade is a period of stable values with a minimum of ffuctuation. There is evidence all over the world of a call for manufactured goods at reasonable values.