PRICE OF WOOL
LONDON MAEKET UP
"INDUSTRY IN BETTER
HEART"
LONDON, 17lh May
The satisfactory course of the London wool sales is generally regarded as an indication that confidence has.been restored, most of the expert writers expressing optimistic views. The "Economist's" correspondent says: • "The rise in values shows unmistakably that th,e industry is in much better heart. The movement in London .has fully confirmed the improvement that hasl- taken place since the second series closed, notwithstanding that fully half the mills in. the West Riding are at a standstill. Continental buyers are very much in evidence, competing for merinos. The Home trade has been the principal operator in crossbreds. There is a big offering of the latter, but it is not likely to be detrimental to their ready disposal. It is not too much to anticipate that all the offerings will be cleared without much, if any reaction. -
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Bibliographic details
Evening Post, Volume CIX, Issue 116, 19 May 1930, Page 14
Word Count
148PRICE OF WOOL Evening Post, Volume CIX, Issue 116, 19 May 1930, Page 14
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