Wellington Wool Sale Prospects Not So Good
r Per Press Association. Copyright .] WELLINGTON. This Day. PROSPECTS FOR THE SECOND W ELLINGTON WOOL SALE ON MONDAY ARE NOT FAVOURABLE, AND IT IS VERY DOUBTFUL WHETHER PRICES WILL REACH TME LEVEL OF THE DECEMBER SALE. Cabled messages from Bradford state that the markets have a falling tendency, and that little business is being done. Users of tops are well covered for their immediate needs, and are keeping out of the market as much as possible.
It was reported that many of the buyers were pessimistic regarding the wool outlook, and that cables from Continental houses indicated that a sharp fall in prices was to be expected next week. One authority said that vendors at the Wellington sale would be fortunate indeed if they made the prices paid on December 8.
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Bibliographic details
Northern Advocate, 8 January 1938, Page 8
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138Wellington Wool Sale Prospects Not So Good Northern Advocate, 8 January 1938, Page 8
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