MORE TRADE IS PRIMARY NEED OF WOOL INDUSTRY

Manawatu Times, Volume LIV, Issue 6868, 25 March 1929, Page 7

MORE TRADE IS PRIMARY NEED OF WOOL INDUSTRY

A Hopeful Tone MORE ATTRACTIVE GOODS AND VALUES United Press Association —By ElectrU Telegraph—Copyright. Receivod Sunday, 9.20 p.m. LONDON, March 23. Discussing the wool outlook, H. Daw* son and Sons write: “At the present moment the stability of prices would appear to bo dependent on the financial ability of the trade to carry the stocks of wool already purchased without sacrificing values, or what is more desirable, on a genuine xevival of demand at the piece goods end of the industry. “More trade is the primary need, but unfortunately tho vital economic fiactors havo but limited scope in which to operate in tho present complox and difficult conditions, for it goes without saying that cheaper money, cheaper goods for the community, cheaper cost of production with fewer barriers and moro free inter-trading between the nations are necessary factors in an allround revival of trade. _ _ * “Taking a general and wider view,, although tho outlook is not very bright there are a few hopeful signs. _ The season in the overseas markets is approaching close and excessive supplies will not now provide any source _of weakness. Our home markets show improving confidence thanks to the cheaper level of values and comparatively, light stocks. “Manufacturers are providing attractive goods at remarkably favourable values and although now business is not yet plentiful there is a better tone and more hopeful prospects in the home trade. Tho most satisfactory feature is that there is a generally, prevalent feeling that .merinos have reached a safe level."