THE WOOL MARKET
"WAVES OF NERVOUSNESS"
It is perhaps unfortunate (remark Jacomb, Hoare, and Co., wool brokers, London), that the opening weeks of the new Australian selling campaign as well as the London September auctions happened to coincide with one of those periodical waves of nervousness which occur in business and financial circles from time to time in these days of partly-managed international trade. In any event, however, it did seem during July that some rectification of prices from the very high level then ruling here in London to a rather lower level would be necessary if the new clips from the overseas woolgrowing countries were to be safely and quickly absorbed. At the lower basis now set much good . business should be forthcoming, for consumption, with the high wage bills now paid, promises to show no falling off from last season, while artificial fibres will be better competed against, and values still show a fair return to wool growers on well-managed farms.
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https://paperspast.natlib.govt.nz/newspapers/EP19371105.2.139.23
Bibliographic details
Evening Post, Volume CXXIV, Issue 110, 5 November 1937, Page 12
Word Count
163THE WOOL MARKET Evening Post, Volume CXXIV, Issue 110, 5 November 1937, Page 12
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