WOOL MARKET MAY SHOW SLIGHT INCREASE

Sun (Auckland), Volume I, Issue 171, 10 October 1927, Page 9

WOOL MARKET MAY SHOW SLIGHT INCREASE

BROKER’S PREDICTION N.Z. PRODUCE IN ENGLAND “I anticipate that the wool market will remain round abaut last year’s prices, but there may be a slight increase.” Mr. H. Hill, a well-known wool broker from Christchurch, made this comment this morning on ths Aorangi, after a visit to England, where he has been investigating the condition of the market. He passed through America on his way home, and says that this year the American buyers will be operating to a small extent, as their stocks of colonial wools are low. English buyers are very keen to purchase New Zealand wool, said- Mr. Hill, but he added that the Dominion clip might be classed a li :tle better than it is. This did not apply to the whole; clip, but to the majority of it. Germany, France and Italy are also keen to purchase New Zealand wool, particularly Germany. Mr. Hill does not consider that the manufacture of artificial silk will interfere with the wool market tc any great extent. He visited Bradford, but he did not see any evidence of its progress. The Bradford spinning mills were only working part-time during Mr. Hill’s visit, but he thought that was due to the fact that it was a holiday season. Trade generally in England was improving, said Mr. Hill, but money was tight for the time being. Both Mr. and Mrs. Hill were enthusiastic about the prominence which is given to New Zealand produce. On the London buses, in large letters, they saw “Buy New Zealand butter.” “That delighted us both very much,” said Mrs. Hill, who continued that she was able to buy New Zealand apples in Bradford. “But they were not our best apples,” she said. “They seemcKl a rather inferior variety, but I was told that when Delicious apples appear on the market they are rushed.” One thing which did not please Mr. Hill was the fact that many people in England will still refer to New Zealand and Australia as one country. “They do not realise how far apart we are,” he remarked. The lack of New Zealand news among the wireless messages which reached the Aorangi was also referred to by Mr. Hill. Most of the news which came concerned Australia. New Zealand’s prestige at. Home was referred to in glowing terms by both Mr. and Mrs. Hill.