STRAWS IN THE WIND

Rotorua Morning Post, Volume 2, Issue 273, 13 July 1932, Page 4

STRAWS IN THE WIND

There are noticeable improvements in the overseas wool, dairy produce, and meat markets. They may be no more than straws in the wind, but they may indicate that at last trade is taking a turn for the better. The opening of the current London July series of wool saies showed an improvement of quite ^d. per pound in the value of medium and coarse crossbred wools, which constitute some 80 per cent. of the New Zealand production. The improvement Isi not only maintained, but, according to recent cablegrams is bet- \ ere'H by an additional 5 per cent., say another -|d. The wool market is described as active, with Continental Tbuyers keenly competing with those acting for the British wool trade. Nor is this condition of the wool market the only indication of a possibly near xevival in trade, for the New Zealand butter market is now reported to have advanced by a full 2s per cwt. on the price ruling this time last week, and there is more promise as to the future of values of cheese. True, the New Zealand dairy production season is almost ended, but there is a fairly heavy weight of butter and cheese in store and afloat to be disposed of before the "new make" comes into market. The meat market is susceptible to considerable improvement, but even here the prospects are a little brighter to-day, notwithstanding an over-supply of lamb, than it was a few weeks back. Taken all round, the values of New Zealand primary products export appear (for the time being) to have an upward tendency, led by a definite advance in the price of wool.