WOOL OUTLOOK
THE WORST OVER. (Australian and N.Z. Cable Association.) LONDON, May 14. 11. Dawson 'and Coy.’s leview of the London wool sales, after dealing with the factors which led to the slump, says: —As far as Merinos are concerned the indications are that the rot has been checked for the time Being. Continental stocks are lbw, and zkmerican stocks are lower than for years, while the Yorkshire stocks riow give cause for anxiety. The crossbred position has brightened considerably. Heavy expensive holdings in Yorkshire are mostly with strong holders, who, if willing, can afford to cut losses and encourage a quick return to business. The principal remaining cause of anxiety is a. temporary financial stringency, but it is hardly conceivable that a financial impasse will develop now, for there is every ;sigh the worst trouble is past. The turn of ’tlib' wheel,‘ though painful. to some, is bound to favour the trading,', and' consuming sections of'the community, and pave the way for a healthy pi’bsperous: b.usjtn.ess on the present ■basis. -■
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Greymouth Evening Star, 16 May 1925, Page 5
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171WOOL OUTLOOK Greymouth Evening Star, 16 May 1925, Page 5
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