WOOL TRADE.

Waikato Times, Volume 121, Issue 20259, 30 July 1937, Page 10

WOOL TRADE.

STATISTICAL POSITION. NEED FOR RAW MATERIAL. Writing from Sydney on Wf have received cable advice from our Tort Elizabeth correspondents that the South African clip ror the past season was Bi', i.oon bales apd 1000 bales were in store unsold on June :n>. they estimate that due to droughty conditions about equal the past year’s clip, though it is possible some fractional increase will be recorded. The South African position enhances the strong 1 statistical situation the sheeps staple occupies. The country’s production has shown some recovery since i'.cti 35. but is still over loti.ooo bales less than the peak point or the clip in i - a.t. Merino wool is, therefore, far less plentiful than a few years ago. Conr;;?' Afr.ca * and Australia is negligible and production m both quarters will not show any apprecichange on the past year. countries is supported by similar ctr-

j successful Juno July auctlot s in Austra- | 11a ami London bear evtdenc« or the need j lor raw wool. A revival lta* been a feature -*r the sale?. The to give opportunity to increase France’* greasy wool an 1 lia- a- > of recent week* been much more active Tor local The firmness of prices at l.ondon c alea has apparently hail good effect on tradi line, buyers or tops. yarns ami fabric* attitmle has been partially caused by the 111III >■ 11]tv of . li:a niny ;im e- lor pi" material. Imt ipp.irenth -me larg. retail cons.Uered that by rerecede. Seiu»rs of tops and yarns, however. diil not make concessions In price* and tic streiiKth or the raw material silnatlon has Justified their llrmness. At mid year -ah - «>r woollen goods In the. 1 nlted States showed revival and demand ror tin- sheep's staple was brighter. That is a satisfactory trend as trade In the '-tales had for «oiiie tune shown a selling situation very secure.