PRICE OF WOOL
THE MARKET PROSPECTS
LONDON, 30th November. Regarding the wool position, the "Yorkshire Observer's" correspondent writes that a hardening tendency is notified at the London sales. Merinos are altogether in | steadier condition than crossbreds, and the cheapness-of-finer wools has so increased i the consumptive demand and the actual manufacturing output that renewed, vitality has been created in this section of the industry,-confidence has returned, and values are-established on a firmer foundation, v But there was a weakness in the crossbred section .which was drastically demonstrated when the New Zealand sales opened in Auckland. Opinion at Bradford, 'however, is consolidated around the idea that the improvement will eventually bo general. It is argued, apparently with some reasonable justification, that "provided the consumption of merinos continues the finer grades! of wool will appreciate, and, as a necessary corrective to the excessive rise in consumption, will spread to those lower\ down on the scale.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19301201.2.149.7
Bibliographic details
Evening Post, Volume CX, Issue 131, 1 December 1930, Page 12
Word Count
153PRICE OF WOOL Evening Post, Volume CX, Issue 131, 1 December 1930, Page 12
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.