WOOL TRADE

Waikato Times, Volume 122, Issue 20497, 13 May 1938, Page 14

WOOL TRADE

YORKSHIRE POSITION MORE CONFIDENCE Svd v 3, Messrs Wln'-hrr.mhA, Car«o n i.trt. 'alrt:— ' • ' - ' Vls-liT**- -M to-,** than r -r n c nelrlerabl* 1 » - • l- m ement has been r . j. i jrh ha- re-u!fert In imp-ov- ' * •t! having • d nT'rr.ed purchasing and mlng \ - "ilian '•■ ;>. the raw material has found \r m d Mar.-h ah >uf ?nnn more hand* were urn; • o | in the Yo'-k*hfre combing •' t • -■ '"idt’-'-v than it the similar ' t-v n-:*s-a - a=if<red in giving the trade a b-tghter outlook. The ifv-tfrai posft’on of wool in the ' l - • : W. re 85.000.000 Ih. less i’lin fn and the miantltv imported - ’. p;ir was ’ f .:»'••(.on.i ", below the similar month* *f The qjiantitr or wool In *fnre ■iv atid ranal denofs a * t o end or February was 23.■•on.ooft in. i«»ss than a year previously. Those stock' are accepted a? an indication r the suppi'es inaniiraenirers have on f»n p-cscnf Information, a derided re■"Vph r . Vork s h re mil! activity does not on xporr account ha* *hnwn reduction this ear: hut a« far a* Internal business Is •oncemed. rerad traders are likely to ex- • <r|encc t s-ond turnover a* employment - plentiful In many Industries. That s;n„n should a*-;*r to keep the Englf*h slti:ation healthy from the wool-selling -tandpoint. In Offer Countries A ma-ked recovery In wool values and ■ommodlty prtrec penerallv depends upon '-velopments tn the fnited -tares. Whilst the American Gmrecnment Is eruicavourlng to stimulate industry the outlook In that quarter remains “hazy.” or raw materia! have accumulated and rnn«ump“on at the mills decreased. The amount f wool u«rd In January \va= rhp smallest recorded since September. 1034. Things never appear to he “done by halves’’ in tiie -tates. They boom or the reverse, and those movements arp a potent influence on demand Tor the world’s raw matrials. Thosp looking for a marked rise n wool prices need tn keep their eyes on Though Japanese purchases nr wnnl in ' istralla rirs season have not been up tn r vpectatlnns. export figures «how that the Urn's share of her buying ha= been efrpct‘d tn the rnmmnnwralth Shipments from -outh Africa. Nexy Zealand and South \merlca have been very small compared with a year previously. ifer continued activity at Australian sales has hclppd laterally in sustaining consumers’ confl'ence in priep-s. At rates about o n current basis, wool appears likely to continue selling in good volume. Some authorities abroad are not particularly hoperul because trade has not brightened To a greater degree. But "U previous occasions thp Inspiration in husine-s to a great extent arises ai the raw material end.