WOOL STOCKS LOW.
.HEAVY 'WORLD DEMAND. HIGHER VALUES PROBABLE. LONDON, April 20. The Financial Times says the world demand for wool is absorbing supplies so fast that stocks are the lowest since 1930. Australia, New the United States, Argentina, South Africa, and the Uruguay all report increased inquiries and -firmer prices. Keen bidding is expected at the London sales on May 5. V\ 00l held over from the March sales amounted to 18,137 bales, as ' compared with 78,928 bales in March of last year. Bradford spinners are holding off in tiie hope that prices will decline, as they declare that yarn quotations can with difficulty be advanced in relation to the cost of wool. It is possible, in order to attempt to maintain wholesale prices, that staple fibre may be mixed with , wool, but wool prices are more likely to rise than fall. The danger of higher prices leading to partial substitution is being offset by woollen goods being more fashionable than for many years. European politics . are the chief threat to stability. “
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Manawatu Standard, Volume LVI, Issue 119, 21 April 1936, Page 7
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173WOOL STOCKS LOW. Manawatu Standard, Volume LVI, Issue 119, 21 April 1936, Page 7
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