WOOL OUTLOOK.

Press, Volume LXI, Issue 18552, 30 November 1925, Page 10

WOOL OUTLOOK.

CONFIDENCE RETURNING. MR WALTER HILL'S VIEWS. Mr Walter Hill, the Christchurch woolbroker, arrived in Christchurch yesterday morning after six months in England and the United States of America. "I arrived in England towards the end of June," he told a reporter of ' "The Press," "and found things in ;i i bad way. The coal and textile strikes were threatening, and conditions pointed to an industrial deadlock. Everyone knows what has happened with the coal strike —the textile strike was settled immediately, apparently in a manner satisfactory to all parties. Trade was very bad at the time, but probably this was in a great measure due to the holiday season." Regarding wool, Mr Hill was not inclined to say very much. There was a lack of confidence in England, he said, and until the market was stabilised little progress could be made. However, the market had brightened latterly and prices would be better. In Boston conditions were as bad as they had been in Bradford. "When I left Boston," he continued, "they did not thinkthat they would buy if the prices went higher. Conditions there have now followed the English market, however, and matters have improved, but there is a great lack of confidence, and until that confidence is restored there can be no j cliance of higher prices."