BETTER PROSPECTS
Greater Wool Consumption ACTIVITY IN BRITAIN (Received November 30, 1.20 u.ui.)' London, November 29 The Imperial Economic Committee says that activity in the wool and textile industry in Great Britain and France in recent weeks has perceptibly improved and prospects for increased wool consumption from the abnormally low level of September and October arc reported from the United States. Moreover stocks statistics of consuming countries indicate a low level which should lead, to heavier purchases, particularly in view of the increased seasonal demand for wool products. Taken in conjunction with the current level of prices, these factors are leading to a satisfactory absorption of offerings at present auctions and the firmness of dealings at a slightly lower basis of values may well lead to a somewhat improved level before the end of the series.
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Bibliographic details
Dominion, Volume 28, Issue 57, 30 November 1934, Page 4
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136BETTER PROSPECTS Dominion, Volume 28, Issue 57, 30 November 1934, Page 4
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