BRIGHTER PROSPECTS.
DEPRESSION PASSING AWAY.
WOOL PRICES ON HIGH LEVEL. [BX TELEGRAPH. OWN CORRESPONDENT.] WELLINGTON. Thursday. An encouraging view of the outlook in the Dominion was expressed by Mr. W. H. P. Barber in his address at the annual meeting of the Wellington Woollen Company to-day. In his review of the past year, he said that the company's earnings had been adversely affected by economic conditions and there had been keen competition, resulting in the forcing of sales at a low margin. "We look forward to the new year with confidence as the wave of depression shows undoubted signs of passing, and prospects seem bright," said Mr. Barber, in closing his address. "There is every reason to believe that wool will retain its present value. A definite upward tendency in textiles is reported from Great Britain and the maintenance of wool prices on a high level is likely to cause a general revision of selling prices, which j»re too low both in England and in this Dominion."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19270819.2.47
Bibliographic details
New Zealand Herald, Volume LXIV, Issue 19719, 19 August 1927, Page 10
Word Count
167BRIGHTER PROSPECTS. New Zealand Herald, Volume LXIV, Issue 19719, 19 August 1927, Page 10
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.