BRIGHTER BRITAIN
A UOOM IS IN SIGHT I N TH I'i TKXTI l.r. TR AT)R SMART. RlM'iiT IN WOOT. EAust. and N. 55. Cable) Jjimdcn, October 7. “Although wniil inclines are more frequent anil more Hoifle and loreign orders wer c booked during the last i'oii'tnight owing to the likelihood of a tariff and the. fall of sterling, ujiv talk of a boom "is considerably exaggerated,” said one prominent wool majLiii act liter. Other authorities .express the opinion that nothing more than a small spurt, at, present is noticeable. The most important factor is tin lifting of the , depression in which the textile industry lias long been immersed; lm t it is too early for undue. optimism. Ah i whereas m.n nnlaetueers ha ve been buying from hand to month or iiwnitih" a further decline- they are Lnv building up stocks in anticipa, lit 11 of improved Hoiiu* a.nd ioreig* hade, and wool is feeling the benefit more than, other commodities which are heavily overstocked.
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Feilding Star, Volume 8, Issue 2544, 9 October 1931, Page 5
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165BRIGHTER BRITAIN Feilding Star, Volume 8, Issue 2544, 9 October 1931, Page 5
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