WOOL SALES
IMPROVEMENT REPORTED
WORST TROUBLE PAST
MORE HOPEFUL REPORT. BY CABLE—PRESS ASSOCIATION -uOPiaiGhi LONDON, May-14. Messrs H. Dawson and Co.’s review of the wool sales, after dealing with tlie 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 low, American are lower than for years, while Yorkshire stocks now give cause for anxiety. “The crossbred position has brightened, considerably. Heavy expensive holdings in Yorkshire are mostly with strono- holders, who, if willing, can afford” to cut their losses and encourage a quick return to business. “The principal remaining cause of anxiety is the temporary financial stringency, but jt is hardly conceivable that a financial impasse will develop now, for there is every sign that the worst’trouble is past. The turn of the wheel, though painful to some, is bound to favour the trading and. consuming sections of the communitj and pave the way to healthy, prosperous business on the present basis.
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Bibliographic details
Hawera Star, Volume XLV, 16 May 1925, Page 5
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172WOOL SALES Hawera Star, Volume XLV, 16 May 1925, Page 5
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