THE WOOL MARKET
Heavy Continental Purchtfaes London, May 27. Despite the scarcity of new business wool tops and yarns kept remarkably steady. Unsold stocks are so light that many firms are buying ahead. Even more important has been the heavy purchasing of wool by the Continent. The present comparatively low values of wool has encouraged countries like Italy and Germany to operate more extensively than formerly. German import figures are by far the largest of any season since 1933-34, and show an increase of 50 per cent, over the one tof last season. The fact that both Italy and Germany have come-into the market, now that values are easier, confirms Bradford's belief that their reliance on synthetic fibres has been one of necessity, rather than of choice; and that modestly-priced wool has nothing to fear from the competition of substitutes.
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Dominion, Volume 31, Issue 207, 30 May 1938, Page 12
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140THE WOOL MARKET Dominion, Volume 31, Issue 207, 30 May 1938, Page 12
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