WOOL OUTLOOK.

Otaki Mail, 1 November 1922, Page 3

WOOL OUTLOOK.

THE 1 USE IN CROSSBREDS. London, October ;’S. Regarding ilic, wool situation, Mr 11. Dawson. Hie well known buyer, writes that the ieiis.Vional prices realised .for merinos were almost entirely due to scarcity rather than to any new demand from the consuming centre. The position undoubtedly requires the exercise of caution and cool judgment. The great question is whether business textile goods can continue to be prosperous at such advanced prices. Preso universal that there has been justification up lilt now for the appreciated values; but consumers are beginning to find interest in the cheaper article. This movement is bound to be slow and gradual, bu't already the disparity between merinos and crossbreds has been greatly reduced, and the levelling up of crossbreds has begun. It would almost appear that the crest lias been reached. The strength of merinos on ihe market is all the more remarkable, when it is considered that the Continental section has been seriously hampered during the past series on account of the constantly falling franc and'mark. It has been a great tribute io the strength of the wool industry that French and Belgian buyers are able to operate under these adverse conditions. Germany has been quieter than usual. Yorkshire, however, has shown remarkable activity, especially in all crossbred sorts, thanks to the depletion of stocks at Bradford for export account. The signs for continued prosperity are ail favourable, if the edifice does not topple over because of unsup.portable prices. Consumption has been wonderfully maintained, and ii is undoubtedly inclusive of the United States.