Wool Not Yet Dear

Manawatu Times, Volume LIV, Issue 7270, 25 September 1933, Page 7

Wool Not Yet Dear

Expansion of Demand Should Continue

RETAIL PRICES SO FAR UNAFFECTED

United Press Association.—By Electric Telegraph—Copyright. Received Sunday, 7.30 p.m. LONDON, Sept. 23.

The Morning Post says: “Notwithstanding its rise, wool is not yet dear. The conviction that the era of low prices has passed has improved the demand for manufactures and the industry has been busy with substantial orders.”

The Economist, reviewing the world wool situation, after analysing consumption figures, concludes that the sharp improvement in values in recent mouths was the natural result of a revival of the demand, coupled with an expectation of a decrease in supplies. The improvement, therefore, fully justified the present indication that the expansion of the demand for raw wool would continue in the near future. The advance has not been fully reflected in retail prices, but it is believed that in the absence of the seriious recession in the world's industrial activity, it can bo passed on to the consumer without reducing either the demand of prices. The publication AVool, discussing a table showing retained supplies of raw wool,' empasises that Japan’s figures for 192 S to 1932 wore:—l92B, 115,000,0001 b; 1929, 107,000,0001 b; 1930, 115,000,0001 b; 1931, 189,000,0001 b; 1932, 204,000,0001 b, “which suggests that she can absorb and develop the manufacture of woollens at the same rate as she expanded her cotton industry.”