SERIOUS LOSSES ON WOOL
The Bradford correspondent of the "Morning Post" states that the excess of supply oF wool is not due to overproduction of rnw material but to underconsumption in the ■principal using countries of Europe and America, The writer adds:—"The serious part of tbo wjiolo situation, from the point of view of the wool textile industry in this country, is that, ou a low estimate, £8 000,----'OOO (o. £10.000.000 will have been lost on wool bought prior to December of last year. The money has gone into the pockets of the Australian growers. This lias crippled the purchasiiiij power of our importers, and the only "chance they have of even partially recouping themselves is by buying the balance of the clip in Australia! and also the bulk of the next- ciip at rock-bottom prices. Everybody recognises that when the turningpoint is reached there will be a sharp' recovery. It will take two or three good years for Bradford and the West Riding In get bad; even a. reasonable part of the money which h;,s been lost throu-rh niisjiulirment of the outlook last oiiluruti."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19250608.2.96
Bibliographic details
Evening Post, Volume CIX, Issue 132, 8 June 1925, Page 6
Word Count
185SERIOUS LOSSES ON WOOL Evening Post, Volume CIX, Issue 132, 8 June 1925, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.