THE WOOL TRADE
BOOMS NOT DESIRED
(By Telegraph—Press Assn.—Copyright.)' (Received October 30, 10.30 a.m.) ..■.■■■■'.-.■■-■.■•.^-■•.-.■LONDON, October 29. . Dalgety's wool trade review in referring to the outlook remarks that many have visions of another boom in wool but the trade hopes to avoid booms which are invariably followed by periods of reaction and losses and a dislocation of trade. Seasonal influences point to a reduced . production and trade indications are towards increased mill activity, but this does not necessarily indicate a. boom period. Now that artificial fibre production is so highly developed, the masses of the people are not in a position to pay high prices for clothing, and while preferring pure wool products, they will assuredly be content with substitutes when necessary to cheapen costs. The main cause for optimism is the indication that prices will be on a more remunerative basis and that depression levels of the market are not so likely to prevail.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19351030.2.154.2
Bibliographic details
Evening Post, Volume CXX, Issue 105, 30 October 1935, Page 14
Word Count
155THE WOOL TRADE Evening Post, Volume CXX, Issue 105, 30 October 1935, Page 14
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.
Log in