MORE WOOL USED
INCREASED DEMAND ON CON-
TINENT
OPTIMISTIC OUTLOOK' FOR KENT SEASON /;¥ , , 1 ' ODiUsa Pre«* Asan. by El.,T<u. Copyright . (Received. Aug. 10, 6.30 p.m.) LONDON, Aug. 0, Most writers uu wool appear .to find signs of encouragement in. the outlook. Their comments are couched in a tone of ,mild optimism. The, “Economist” correspondent says: “One' gratifying feature is. the gradual, reduction of stocks of • tops in Oermany since. the . beginning, of the year. The decline at the end .of Juno as compared with ...January was l,doo,ooolbs, and, the stocks of 4,404,000 kilo s were only about ‘half the quantity held in June, 1929. Jt is.also expected that when the .Juno figures of the stocks in France, Italy and Belgium are available they will lie considerably less than a year ago, though slightly larger at the end of May. This points to increased consumption of wool and tops ' on the Continent during the last twelve months, which will pave the way for substantial buying when the Australian selling, season commences. If Continental buyers can operate as freely as at last London sales, and the Home trade becomes more active the standing of raw material values wilt be very. fully assured.”
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Bibliographic details
Gisborne Times, Volume LXXI, Issue 11281, 11 August 1930, Page 5
Word Count
200MORE WOOL USED Gisborne Times, Volume LXXI, Issue 11281, 11 August 1930, Page 5
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