IMPOSSIBLE TO FORECAST.
Asked about the wool trade and its prospects, Mr. W. G. Foster, managing director of the Wellington Meat Export Company, who has just returned from a trip to England, said: " Tho wool men don't know themselvesthey take the risk and bear tho brunt. It is a great something suddenly turns up which creates a demand for wool, and those that are holding are ablo to quit at a profit, but they aro never able to anticipate with any certainty. To give you an idea, I made the acquaintance of a top-man, who bought heavily eighteen months ago and held. The market collapsed, but he. was able to hold on, manu-facturing'-just sufficiently for the demand, until finally tho recovery came, , and ho found himself a good deal better off. There wero others who could not hold —! But, really, one could not forecast the price of wool. I, was informed at Home that '■,the outlook for woollen manufactures was very good.'- , ■."■ . :'•■•?-" . ' • ..'.'■
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19091110.2.77
Bibliographic details
New Zealand Herald, Volume XLVI, Issue 14214, 10 November 1909, Page 8
Word Count
162IMPOSSIBLE TO FORECAST. New Zealand Herald, Volume XLVI, Issue 14214, 10 November 1909, Page 8
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.